Market information
Friday, July 02, 2010
The prediction of the global downturn of the economic recovery appears to become reality. Analysts conclude that from long term data of purchasing managers. These so-called PMI figures are disappointing in all major countries like China, Australia, India, the EU and the U.S.Yesterday the European banks applied to the ECB for EUR 111.2 billion in loans. This money is borrowed for six days and is intended to increase the liquidity position of the banks. Wednesday the banks already borrowed an amount of EUR 131.9 billion with a maturity of three months in liquidity support from the ECB. These funds are consistent with what experts had previously predicted.
The rumor that Royal Dutch Shell has made a bid for parts of rival BP has put the price of the shares of Shell under pressure. Yesterday the share price dropped 5%. BP on the other hand was the only stock gaining in the FTSE-100 and increased 2.8%.
The 6M Euribor increased with 2 basis points to 1.06% and the 10Y Swap decreased with 2 basis points to 2.88%.
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 01, 2010
Eurostat has published the euro zone consumer price index (CPI) for June which is lower than analysts anticipated. The rise in CPI from July 2009 to June 2010 is 1.4% whilst analysts expected a rise of 1.5%. In May CPI increased 1.6% from a year earlier. According to analysts, fundamental inflationary pressures still seem muted as the rise in consumer prices is primarily due to rising energy prices.The demand for three month loans by banks needing to refinance one year debt they borrowed from the European Central Bank (ECB) was lower than expected. The ECB reported yesterday that demand for three month loans at the bank, an alternative for the one year loans issued last year, was EUR 131.9 billion. This is far less than the EUR 300 billion forecasted by analysts.
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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