Market information

Tuesday, August 17, 2010

Yesterday, the minister of Finance, Mr De Jager presented a report to the House of Representatives, which described that The Dutch Central Bank get a team that will quickly intervene if a bank faces bankruptcy. As well Nout Wellink may not be candidate for a new term as director of The Dutch Central Bank. p>

The Japanese economy grew by only 0.1% in the second quarter compared to 1.1% in the first quarter. The growth was 0.5% lower than analysts had expected. Compared to the Eurozone and the United States the Japanese economy stayed behind in this quarter.p>

The main reason for the weak growth is considered the expensive yen. On August the 11th the yen reached a record high of 84.73 against the dollar since July 1995. The Japanese government will struggle to bring the yen.p>

Japan was taken over by China as the world’s second-biggest equities market by value. Last year China already became the largest consumer market for cars instead of the United States. China is expected to become the biggest economy between 2020 and 2025.

The 6-month Euribor remained unchanged at 1.15. The 10-year swap rate decreased 9 basis points to 2.56.

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