Market information
Thursday, September 02, 2010
A published poll under purchasing managers showed that the U.S. industry has performed surprisingly strong in August. According to the Institute for Supply Management the index that measures economic activity increased from 55.5 in July to 56.3 in August, while a decrease to 52.8 was expected. The positive figure represents a boost for the U.S. economy and a counterweight to other setbacks including the housing market. The employment index, a different part of the figure, increased to its highest level since 1983.
Yesterday also China published industrial figures. After three months of decreases the purchasing manager index increased with two points in August to a level of 51.9. The index now exceeds the level 50, which reflects the turning point between contraction and growth. According to a Chinese economist, the figure confirms that Chinese growth doesn’t collapse but continues at a moderate pace. Also India, Russia, France and Germany published positive purchasing manager indexes.
The positive figures from America and China resulted yesterday in a lust for sale to investors. The AEX was up 2.86% and closed at 325.52 points, the biggest gain since May 27. The interest rates also increased yesterday in response to the figures, like the 10-year Euro swap which increased with 6 basis points and now stands at 2.43%.
The 6M Euribor decreased by 1 basis point to 1.13%. The 10-year swap increased 6 basis points to 2.43%.
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, September 01, 2010
Unemployment in the euro zone countries remains at 10.0% in July. Despite good macroeconomic figures for the first half of the year, the euro zone economy hasn’t managed to create more jobs.Euro zone inflation, measured by the consumer price index has decreased slightly. Compared to a year earlier, prices rose 1.6% during the year from August 2009. The same index for July resulted in a figure of 1.7%. The decline in the index is mainly due to cheaper oil. During August the price of oil dropped 9.6%.
The current average daily trade in foreign exchange contracts amounts to more than USD 4,000 billion. This figure was published by the Bank for International Settlements. In 2007 daily trade was at USD 3,300 billion a day. During this period deals with immediate delivery grew the fastest: almost 50% to USD 1,500 billion.
United States consumer confidence, as published by the Conference Board, has risen to 53.5 points. Analysts expected an increase to 50.7 points and a month ago the index was still at 50.4. The baseline (100 points) for the index is the confidence level of 1985.
The 6M Euribor remains at 1.14% and the 10Y swap increased 6 basis points to 2.37%.
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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