Market information
Wednesday, June 23, 2010
Yesterday the European markets closed with a loss after nine days profit. The optimism resulting from the promise of a strong Yuan by China disappeared yesterday through weak details.
Greece bank face difficulties, Alpha Bank and EFG Bank Ergasias lost 4,6% and 4,1% respectively. Investors are worried about the exposure of French banks to financial weak countries like Greece. The company BNP Paribas lost 1,9% after rating agency Fitch lowered the rating from AA to AA-. Structural issues related to bank activities led to this reduction.
U.S. futures recorded higher today after a loss on Wall Street yesterday. Disappointing figures on the American housing market pushed the stock market down yesterday.
Tonight the United States Federal Funds Target Rate will be announced.
The 6M Euribor remained unchanged at 1.02% and the 10Y Swap decreased by 7 basis points to 2.91%
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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Economic view
Publications
New terms for a marriage of convenience
Impact of Basel III on corporate banking relationship
risk management, financing, treasury, cash management, working capital, investments, Basel III
Shift towards an American funding model
corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
Going the extra mile for the national treasurer
public sector, treasury management, financing, treasury, publieke sector
