Market information
Friday, December 16, 2011
Yesterday the Dutch bureau of statistics announced that the unemployment rate remained unchanged compared to last month. In November 455 thousand people are unemployed which corresponds to 5.8% of the workforce.
Thursday, Fitch reduced the credit ratings of 7 international banks. This is due to low economic growth and the influence of the European debt crisis on the U.S. banking sector. Barclays and Credit Suisse are reduced with two steps of AA to A. Bank of America, BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs are reduced with one step. Fitch follows credit evaluator Standard & Poor's that reduced the credit ratings of the 7 banks last month.
The Dow Jones index won 0.38% and closed at 11.868, 81 points. The S & P 500 closed at 1215,75 points, 0.32% higher. Nasdaq also ended with 0.07% higher at 2541,01 points. In Amsterdam the AEX won 0.9% and closed at 294,62 points.
The 6M Euribor remained unchanged at 1.67%. The 10Y Swap increased by 1 basis point to 2.47%.
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
