Market information
Friday, May 28, 2010
Due to commitment of China to continue investing in the European region the U.S. market reacted positively yesterday. The Dow Jones went through the key 10,000-point threshold. As a result the AEX index opened this morning with a profit of 0.8% and reach 323.5 points.Hedge fund managers give a warning that in the U.S. the impact of the debt crisis will be felt too. The Greek crisis shows that the bubble in government debt is bursting, according to David Einhorn, one of the most influential hedge fund managers. He spoke these words at the Ira Sohn conference which counts as an annual Mass for professional investors.
The measure of the SEC to store all trade data in order to detect fraudulent activity will cost the U.S. billions. The construction of this data center will amount to USD 4 billion and $ 2 billion will be added to that annually. Immediate reason for this is the "flash crash" of May 6 where within half an hour USD 1000 bln evaporated on the American market.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap increased 1 basis point to 2.96%.
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, May 27, 2010
After the sharp decline on Tuesday the European stock markets bounced back on Wednesday. According to investors the stock markets were oversold on Tuesday. The AEX closed 2.29% higher at 312 points.
Initially the American stock markets took a favorable run on Wednesday. By the end of the American trading day China announced that it will review its outstandig debt in eurozone countries. As a result the Dow Jones closed below the 10,000 points at 9,974, a drop of 0.70%.
Remarkable are the increasing yields on issued bonds by European financial institutions, indicating a declining level of confidence that investors have in the creditworthiness of these institutions. So far the rating agencies have left the ratings of these institutions unchanged.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap increased 2 basis points to 2.95%.
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, May 26, 2010
A combination of developments led to extensive losses for the AEX-index yesterday. With a loss of 6.1% ING incurred the largest decline in market value. Investors were influenced by a possible Spanish debt crisis, an imminent war at the Korean peninsula and a series of announced European savings plans.
The UK and Danish governments announced Tuesday radical plans to reduce their deficits. Italy and France also plan to take severe measures. Previously Greece, Portugal and Ireland foreboded draconian measures to get their government finances back on track.
In the US the share prices also dropped sharply across all markets, but during the day they rallied to end the day at 10043.75, or 0.2% lower.
The euro quoted at 1.2342 dollar, against 1.2285 at the closing of the European stock exchanges.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap increased 1 basispoint to 2.93%.
Tuesday, May 25, 2010
Figures published on Friday by the 'Centraal Bureau voor de Statistiek' (CBS) show a decrease in the Dutch consumers confidence index over the last month. The index weakened to -16 in May compared to -15 in April. The one point decline indicates that consumers find it a less appropriate time for major purchases.Figures published on Monday by the 'National Association of Realtors' (NAR) show that home sales in the United States rose by 7.6% in April. The expected increase was 4.7%. In March the home sales rose by 6.8%.
The yields on both the Dutch and German 10 year government bonds decreased over the past two weeks. The Dutch 10-year government bond yield declined by approximately 30 basis points to 2.85% and German 10-year government bond yield declined by approximately 35 basis points to 2.60%. It seems that investors are seeking safe investments. Also the 10Y Swap decreased over the past two weeks by approximately 22 basis points and is currently at 2.92%.
The 6 month Euribor remained unchanged at 0.99%. The 10Y Swap decreased by 10 basis points to 2.92%.
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)
Friday, May 21, 2010
Figures published yesterday by the Conference Board shows that the U.S. index of leading indicators in April for the first time in more than one year has decreased. The index fell 0.1% in April after an increase of 1.3% in March. Economists expected an increase of 0.2%. The figure is seen as an indicator for the U.S. growth in the next three to six months. The U.S. Department of Labor presented a disappointing figure as well. The number of new unemployment claims in the U.S. unexpectedly rose last week. The number of new benefit claims rose in the week ended May 15 by 25,000 to 471,000, economists expected a decline of 4,000. The Dow Jones closed last night with a loss of 3.6%. Ongoing turmoil drives investors away from shares to bonds of relatively safe countries. Consequently, the German and Dutch interest rates reached yesterday a new record low. The Dutch ten years government yield is at a postwar low of 2.90%. The 6M Euribor increased by 1 basis point to 0.99%. The 10Y Swap decreased by 2 basis points to 3.03%. 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)Monthly Archives
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