Market information
Friday, July 30, 2010
Surveys of the European Commission show that economic sentiment in the euro zone in July has improved. The sentiment in the sixteen euro countries increased to 101.3 points, the highest level in 28 months. The improvement is largely due to the growth of Germany's economic sentiment which increased from 106.1 to 110.1 points. The increased economic sentiment is highly related to the increase of the industrial export index. The service sector also showed progress.
Last night, the International Monetary Fund (IMF) published a report on the U.S. financial sector. The situation with house prices, mortgages, and economic growth can lead to shocks in the economy resulting in great losses for banks. For this reason U.S. banks need USD 76 billion of additional capital according to the IMF.
The growing confidence in the European economy yesterday ensured a stronger euro. At the end of the day the currency amounts to U.S. $ 1.31, its highest level since three months.
The 6M Euribor increased 1 basis point to 1.15%. The 10Y swap decreased 1 basis points to 2.97%.
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).
Thursday, July 29, 2010
Homeowners are forced to sell their property under the liquidation value. This is because the interest in these properties by real estate dealers has decreased . This can be concluded from interviews that "het financieele dagblad", a financial newspaper, has conducted. Despite the crisis the number of forced auction is, with 2000 forced auctions a year, stable.The economic activity in June and the first half of July have grown modestly. The growth decreased in some of the U.S. districts. The Beige Book gives an overview of the economic situation in America. The Beige Book is published eight times a year and is based on regional data.
Figures from the U.S. Department of Energy show an unexpected growth in the stock of crude oil. In the week of July 23 the stock increased by 7.3 million barrels to 360.8 million barrels of crude oil. The previously consulted economists expected a decline of 1.7 million barrels.
The 6M Euribor remains at 1.14%. The 10-year swap decreased with 2 basis point to 2.98%.
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).
Wednesday, July 28, 2010
Yesterday, the AEX closed at 338.08 points with a conservative gain of 0.1%. Investors reacted positively to the postponement and partial relaxation of the newcapital requirements for banks. The softer Basel-3 criteria combined with the stresstest result in confidence.
Oil prices decreased because of weak macroeconomic data.
The producer confidence in the Netherlands decreased for the second consecutive month according to figures from the CBS. Producer confidence was -2.4 in July and -0.7 in June. Producers expect that the production will remain the same in the coming months while an increase was expected earlier.
The consumer confidence index of the United States decreased from 54.3 in June to 50.4 in July according to the figures from the Conference Board.
The 6M Euribor remains at 1.14%. The 10-year swap decreased with 1 basis point to 3.00%.
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, July 27, 2010
Yesterday the Financial markets reacted moderately positive to the stress test last Friday. European stock markets had positive closings at 0.9%. Banks were the biggest risers on the stock markets. On the AEX, ING increased with 3.8% yesterday and was the biggest riser.The stress test has had a lot of criticism. Analysts claimed the test was considered to be too light. Another point of criticism is the fact that the measurement does not take into account that some banks are not able to meet their financial obligations concerning government bonds.
The AFM has announced that there is reason to believe that certain parties manipulate the stock market by using fictive orders. Such parties would publish fictitious stock market fluctuations and take advantage of this. The AFM does not mention any names, but the relevant parties will be dealt with in case more evidence arises.
The 6M Euribor increased with 1 basis point to 1.14%. The 10Y swap increased with 4 basis points to 3.01%.
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).
Monday, July 26, 2010
Last Friday, after closing of the European stock markets, the results of the stress test were announced by the European Banking Committee of Supervisors. The European banks performed well in the stress test, 84 of the 91 tested institutions passed the test. Five local Spanish banks (Caja), one Greek bank and the German bank Hypo Real Estate failed the test and together have to attract EUR 3.5 billion of additional capital.
The good results of the stress test resulted in a positive mood on the stock exchange this morning. The AEX opened 0.6% higher at 339.23 points. Today will show how the European stock markets continue to react on the results of the stress test.
The German research institution Ifo published figures on Friday regarding the German business confidence. The German business confidence had its largest increase since the German re-unification. The United Kingdom published positive macroeconomic figures; the British economy grew beyond expectations in the second quarter.
The 6M Euribor remains at 1.13%. The 10Y swap increased 6 basis points to 2.97%.
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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