Market information
Thursday, June 16, 2011
According to Nout Wellink, President of the Dutch central bank (DNB) and board member of the European central bank (ECB) , it is necessary to double the emergency fund of the European Union to EUR 1.500 bln. This will allow private investors to participate in a second round of financial aid for Greece and will reduce the danger of Ireland and Portugal getting in the same trouble.
The U.S. stock exchanges faced unexpectedly poor figures on inflation and business activity yesterday. Together with concerns about Greece the result was that the three main financial indicators of the U.S. showed negative results. The Dow Jones index closed 1.48% lower, the S & P 500 declined 1.74% and the Nasdaq showed a minus of 1.76%.
Today in the United States the figure for the number of new homes starts in May is published. Analysts expect that construction started on 545,000 new homes at an annual pace in May. This is an increase compared to April, when there were 523,000 new homes build at an annual pace.
The 6M Euribor increased by 1 basis point to 1.75%. The 10Y Euro Swap decreased by 4 basis points to 3.27%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: .(JavaScript must be enabled to view this email address).
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Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector
