Market information
Thursday, July 21, 2011
European investors are anticipating the outcome of the European Summit on the Greek debt crisis in Brussels that will take place today. The aim of the summit is to reach a decision about additional support for Greece. France and Germany have pre-discussed the summit in Berlin, because of their disagreement on how banks should contribute to a new support plan for Greece. After this meeting, France and Germany reached a common position, but exact details are not yet known.
As tension for the euro summit rose, Italy’s and Spain’s interest rates declined yesterday. The ten year interest rate of both countries fell below 6%. The German and Dutch interest rates, however, increased by 9 and 6 basis points to 2.76% and 3.12% respectively.
After the U.S. stock exchanges’ positive figures last Tuesday, the exchanges were relatively stable yesterday as investors await the outcome of the summit. The Dow Jones lost 0.12%, the S&P500 closed 0.07% lower and the Nasdaq met a loss of 0.43%.
The 6M Euribor remained the same at 1.81% and the 10Y Euro Swap has increased with 11 basis points to 3.31%.
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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