Market information
Thursday, November 03, 2011
The Federal Reserve (FED) maintains its federal funds rate between 0.00% and 0.25%. The discount rate remains also unchanged at 0.75%. This is in line with the expectations of analysts. In a statement the FED underlined that the U.S. economy has strengthened in the third quarter of 2011. Nonetheless there remains a significant risk of an economic slowdown due to the turmoil on the financial markets worldwide.
In the United States pay slip processor ADP announced that U.S. companies added 110,000 new jobs in October. Analysts expected a growth of 100,000 jobs. The official jobs figures will be published by the U.S. government tomorrow.
For now Greece will not receive the sixth tranche of EUR 8 billion of additional support. Both the European Commission and the International Monetary Fund (IMF) will await the outcome of the referendum before proceeding with the payment. It is expected that the Greek referendum on the bailout package, which was agreed last week, will take place on December 4 or December 5.
The 6M Euribor remained unchanged at 1.78%. The 10Y Swap decreased by 1 basis point to 2,48%.
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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risk management, financing, treasury, cash management, working capital, investments, Basel III
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