Market information
Friday, February 03, 2012
The Chinese premier, Wen Jiabao, announced yesterday that China “is investigating and evaluating concrete ways it can, via the IMF, get more deeply involved in solving the European debt problem through [European Stability Mechanism/European Financial Stability Facility] channels”. Wen Jiabao said this in a joint press conference with German Chancellor Merkel in Beijing. Chinese officials have said before they would like see to more convincing efforts by the European governments to solve the debt crisis before China is willing to contribute to possible bail outs.
Spanish banks need to strengthen their balance sheets by EUR 50 billion this year to finance their balance sheet clean-up. This was announced by the Spanish economy minister, Luis de Guinos, on Thursday. Nu public money will be used according to his plan. The aim is a clean-up of the bad property loans of the Spanish banks. This would make it easier for the banks to access international wholesale finance markets again.
On Wall Street the S&P 500 increased by 0.11% to 1,325.54 points. The Dow Jones index decreased by 0.09% to 12,705.41 points. In Amsterdam the AEX index decreased by -0,64% to 323.06 points.
The 6M Euribor decreased by 1 basis point to 1.40%. The 10Y Swap decreased by 1 basis point to 2.26%.
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, February 02, 2012
170,000 new jobs have been created in the private sector in the United States, according to the payroll processor ADP. Analysts expected an increase of 182,000 jobs. The growth rate for December 2011 was revised from 325.000 to 292.000. The official figure will be published on Friday by the United States’ department of Labour.
Yesterday the Belgian Central Bank announced that Belgium had slipped into a recession in the fourth quarter of 2011. The GDP of the sixth economy in the eurozone, in terms of size, fell by 0.1% in the third quarter and 0.2% in the fourth quarter. Belgium has become the third country in the eurozone to enter recession, following Portugal and Greece.
The German manufacturing PMI-index was 51.0 in January, up from 48.4 in December. The Chinese PMI-index had increased as well to 50.5. On Wall Street the S&P 500 increased by 0.89% to 1,324.09 points. The Dow Jones index increased by 0.66% to 12,716.46 points. In Amsterdam the AEX index increased by 2.10% to 325.15 points.
The 6M Euribor remained decreased by 1 basis point to 1.41%. The 10Y Swap increased by 1 basis point to 2.27%.
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, February 01, 2012
In January, Chinese manufacturing has unexpectedly increased. In January the purchasing managers’ index increased to 50.5, from 50.3 in December. Economists forecasted an index of 49.6. An index below 50 points indicates a decline in manufacturing orders.
Today, ADP publishes its unofficial U.S. private job figure for the month January. Analysts assume an increase of the number of jobs of 182,000 in January. The figure is considered an important indicator of the unemployment in the United States. The official unemployment rate is published by the U.S. Department of Labor on Friday.
Uncertainty still remains about the agreement between the Greek government and the private sector about the debt restructuring and its conditions. It is expected that an agreement will be reached before coming Friday.
The 6M Euribor decreased by 1 basis point to 1.42%. The 10Y Swap decreased by 4 basis points to 2.26%.
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, January 31, 2012
Last night, the EU-president, Herman Van Rompuy, said that the EU countries have agreed on boosting the economic growth in the European Union. In addition, 25 of the 27 leaders signed a new fiscal pact. This fiscal pact put stricter fiscal rules on the 25 countries who signed it in order to avoid a new debt crisis. The Greek situation was not discussed during the EU summit yesterday.
Yesterday France announced a revise in the economic growth forecast due to the downturn in Europe caused by the euro crisis. It is expected that the French economy grows by only 0.5% instead of the previously projected 1%.
After weeks of lower market interest rates on Italian bonds, the decline ended yesterday. The Italian interest rates rose after the country collected EUR 7.475 billion in bonds instead of the projected EUR 8 billion. The ten-year yield increased by 25 basis points and the five-year rate increased by 35 basis points.
The uncertainty on the ending of the EU summit and the negative results of Philips caused the AEX to lose by 1.17%. Yesterday the MidKap-index closed also 2.1% lower. Yesterday News from Brussels led to a recovery on Wall Street. The Dow Jones index recorded at the end of the day, a loss of 0.1%. The S&P 500 lost 0.3% and Nasdaq technology stock market fell by 0.2%. The Nikkei in Tokyo closed 0.1% higher.
The 6M Euribor remained unchanged at 1.14%. The 10Y Swap decreased by 3 basis points to 2.30%.
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, January 30, 2012
President Sarkozy has announced several tax increases to face the current economic crisis. In October this year, the VAT in France will increase from 19.6 to 21.2 percent and 0.1 percent tax will be levied on financial transactions. According to Sarkozy, France's deficit for 2011 will be lower at 5.3 to 5.4 percent. Previously, a deficit of 5.7 percent was expected.
The Greek Prime Minister Lucas Papademos and his main coalition partners have agreed on the new budget cuts. The new budget cuts form a condition for the payment of financial support from the European Union (EU) and the International Monetary Fund (IMF). Last week, voices have emerged within the EU that Greece should transfer her financial power to a newly appointed EU official. Among others the Greek finance minister, Evangelos Venizelos, rejected this idea.
The U.S. Treasury Secretary, Timothy Geithner, has asked Europe to expand the European emergency fund. According to Geithner, the euro crisis and oil prices are important factors that affect recovery of the U.S. economy. According to bankers of the economic summit in Davos, Switzerland, the United States wants Europe to double the European emergency fund to EUR 1.5 trillion.
The 6M Euribor remained unchanged at 1,14%. The 10Y Swap decreased by 3 basis points to 2,33%.
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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