Market information
Wednesday, April 28, 2010
In America the figure for the consumer confidence over March was announced yesterday. Analysts expected a small increase from 52.5 to 53.5 but in reality the number rose to 57.9.
Nonetheless the stock indices decreased worldwide. This is mainly caused by the debt crisis in the Eurzone. The rating of Greece was decreased by S&P yesterday to BB+. The outlook is still negative. Fitch and Moody's decreased their rating of Greece earlier this month.
The rating of Portugal is decreased to A- by S&P. They note that the chance of a further downgrade is plausible. The interest rate on a two years government loan increased with 122 bp to 5.2%.
The 6M Euribor remains constant at 0.96%. The 10Y swap rate decreases with 9 basis points to 3.15%.
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).
Tuesday, April 27, 2010
Figures published Monday by the 'Centraal Bureau voor de Statistiek' (CBS) show that entrepreneurs in the Dutch industry expect to invest 2% less in 2010 compared to 2009. In allmost all sectors of the industry a decline is expected. The main decline is in the industries with the highest level of investments, the metal and electrical industry. They expect a decline of 13%. The entrepreneurs in the oil industry are positive and expect to invest 38% more than last year.Provisional figures from the 'Centraal Planbureau' (CPB) show a increase of 1.8% in the world trade in February compared to January. According to the CPB the importvolumes rose worldwide. Although the importvolume of the emerging economies in Asia decreased. Here the decline followed the increase in January.
Later today, the figure for consumer confidence in the United States will be published for April. The forecast for this index is 53.5. The index was 52.5 in March.
The 6M Euribor remained the same at 0.96%. The 10Y Swap remained the same at 3.24%.
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).
Monday, April 26, 2010
The 15 euro countries providing financial aid to Greece will have strict demands. The finance ministers of both France and Germany claimed they do not wish to just donate billions of Euros to Greece, but that the money is intended to stabilize the country as soon as possible. Last Friday Greece requested the euro countries and the IMF for financial aid.Last week the IMF presented a plan for a dual bank fee: one based on the size of the balance sheet and one based on profits and bonuses. The IMF hopes to present the bill for the crisis to the banks with this measure and create an insurance against future crises. The finance ministers of the G20 have postponed their decision on the bank fee. They have asked the IMF to further investigate the bank fee.
This morning a number of companies announced their figures. TomTom announced a net profit of € 3.1 million in the first quarter. Analysts expected a net loss of € 0.4 million. The share TomTom noted an increase of 7.7% at the opening of the stock exchange today. BinckBank announced a net profit of 10% in the first three months of 2010. Despite this positive message the share noted a decrease of 2.3% this morning.
The 6M Euribor remained the same at 0.96%. The 10Y Swap increased 1 basis point to 3.24%.
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, April 23, 2010
Initially the sentiment on the Amsterdam stock exhange was positive on Thursday, but news on Greece's financial situation changed the sentiment. Eurostat, the statistical bureau of the European Union, estimated that the Greece's budgetary deficit for 2009 is 13.6% of the gross domestic product, instead of the earlier by the Greece's goverment reported 12.9%. In addition Moody's lowered Greece's credit rating. In reaction to this news the yield on Greek sovereign debt increased to more than 8.5%.
Statistics Netherlands announced that the rate at which unemployment increases in the Netherlands was 6.000 per month during the first three months of this year on Wednesday. The average number of unemployed equalled 13,000 per month over the first three months of 2009. The pace at which unemployment increases is reducing for the Netherlands.
The euro depreciated against the US dollar on Thursday. The European currency dropped to USD 1.3315, the lowest exchange rate since May last year.
The 6M Euribor increased 1 basis point to 0.96%. The 10Y Swap decreased 2 basis points to 3.23%.
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, April 22, 2010
The interest rate on Greek sovereign debt has increased to more than 8%. This is the highest rate since 1998. The difference with German sovereign debt has increased to more than 500 basis points. The rise in the interest rates the Greek government has to pay follows after a delegation of the International Monetary Fund and the European Union has met with the Greek government to discuss the financial aid plan. In protest to proposed cost cuts by the Greek government, civil servants are planning to strike again today. They have to give in most in reply to the financial aid plan as the government tries to formulate plans that reign in expenses.The Dutch Central Statistics Bureau published new estimates of consumer confidence in the Netherlands. The index decreased 3 points from a month earlier to -15 in April 2010. The most important drivers of this decrease in consumer confidence are the willingness to buy and the confidence of consumers to make large purchases.
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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