Market information

Friday, May 07, 2010

Thursday, the European and American stock indices closed with a loss again. With that, the fear that the Greek debt crisis will spread to other countries remains. The AEX-index dropped 1.4% to 326.19 points. The Dow Jones index fell to a loss of almost 1,000 points, but recovered after about half an hour and eventually closed with a loss of 3.2% on 10520.32 points. The sudden drop of almost a thousand points was due to a mistyped sell order which was big enough to trigger more sell orders across the stock market.

The European Central Bank leaves the refinancing rate unchanged at 1.0%. During the press conference yesterday, ECB president Jean-Claude Trichet also said that the Greek debt problems were not discussed. As a consequence the yield on Greek two-year debt increased to a new high of 16.9%.

The price of metals such as gold rose for the fourth day in a row to a record of USD 921.28. Investors worldwide see gold as a safe way to invest during the Greek debt crisis. This year gold price in euros already increased by 20%.

The euro weakened to its lowest level in almost 14 months and noted USD 1.2664 at the end of European trade yesterday.

The 6 month Euribor remained unchanged at 0.98% and the 10 year Swap increased 2 basis points to 3.10%.

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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