Market information
Wednesday, June 02, 2010
Leading European stock markets noted losses yesterday morning due to a warning of the ECB for additional bad debts in the euro zone. According to the central bank, a second wave of depreciations could result in a further loss of EUR 195 bln for financial institutions. As another consequence, the euro dropped to its lowest point in four years time: USD 1.2109.In the afternoon both the euro and the AEX-index recovered a little. On the one hand, this was caused by positive macroeconomic news in the US, where construction spending unexpectedly rose 2.7 percent in April. On the other hand, the heavy weight Shell took advantage of the reputation damage which oil concern BP is exposed to because of the oil spill in the Gulf of Mexico. The oil company has already spent EUR 800 million trying to stem the oil flow, but nothing worked so far. Stocks of BP fell 13.1% on Tuesday, and since the beginning of the oil spill, the company lost 34% of its share value.
At the end of the day, the euro noted USD 1.2261. When the euro got introduced in 1999 the currency’s value was USD 1.1747. Its top of USD 1.6038 was in July 2008 and the euro recorded its lowest point in October 2000, namely USD 0.8230.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap decreased by 2 basis points to 2.94%.
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)
Tuesday, June 01, 2010
Monday, the Organization for Economic Cooperation and Development (OECD) announced a growth of the joint economy of the world's richest countries for the fourth consecutive quarter. The gross domestic product (GDP) increased by 0,7% in the first quarter of 2010 compared to the forth quarter of 2009. The growth was 0.9% in the previous quarter. Growth rates in both the eurozone and the EU was 0.2%. The growth for the United States and Japan where respectively 0.8% and 1.2%.According to figures published Monday by Eurstat the consumer prices in the euro erea in May rose at an annual basis. The consumer prices rose, as expected, by 1.6%. In April the consumer prices rose 1.5% on annual basis. The purpose of the European Central Bank is to keep inflation below, but in any case close to 2.0%.
Figures publiced Monday by Eurostat shows that the consumer confidence decreased in May in the euro erea. The index for consumer confidence in May was, as expected, -18. The index was -15 in April.
The 6M Euribor remains constant at 0.99%. The 10Y swap rate decreases with 3 basis points to 2.91%.
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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