Market information
Thursday, June 09, 2011
According to the official figures published by the Japanese government the Japanese economy shrank by 3.5% year on year in the first quarter. Analysts expected a contraction of only 3.0%. The Japanese government initially estimated a contraction of 3.7%.
Today, both the European Central Bank (ECB) and the Bank of England (BoE) will take a decision on their monetary policy. Analysts expect that the ECB will underline its willingness to increase its interest rates for the second time this year when needed. Currently the refinancing rate is 1.25%. It is expected that this rate is unchanged for now and a potential increase in interest rates might be expected in July.
On Wall Street the major stock indexes declined. The Dow Jones index fell by 0.18% to 12048.94 points and the S&P 500 index decreased by 0.42% to 1279.56 points.
The 6M Euribor increased by 1 basis point to 1.73%. The 10Y Euro Swap decreased by 4 basis points to 3.36%.
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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Economic view
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risk management, financing, treasury, cash management, working capital, investments, Basel III
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Client Cases
Netherlands State Treasury Agency
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public sector, treasury management, financing, treasury, publieke sector
