Market information

Monday, January 23, 2012

In preparation of the European leaders’ summit on January 30, the eurozone finance ministers will come together in Brussels today. The meeting’s main topics are the budget pact, the situation in Greece and the emergency fund the European Stability Mechanism (ESM), which will replace the current emergency fund EFSF. The German newspaper Der Spiegel says that the Italian Prime Minister Mario Monti argues, for a doubling of the ESM to EUR 1,000 billion.

For the first time in its history, the Federal Reserve will give out predictions about the development of the long term interest rate later this week. Besides the prediction of the interest rate policy, the Fed will also indicate whether it will take additional measures to give a new boost to the economy.

The French business newspaper Les Echos says that Merkel and Sarkozy have plans to harmonize the European corporate tax rates. According to the newspaper they will present these plans later today. The European Commission was already working on such plans, but for Germany and France the progress is too slow.

It will be a busy week on the stock exchanges in the U.S. This week many companies will disclose their quarterly results. This Friday the U.S will also announce the fourth quarter macro-economic figures. On the Amsterdam stock exchange it will be more quiet, only telecom company KPN (Tuesday) and food retailer Sligro (Thursday) will publish with their quarter results.

The 6M Euribor decreased by 1 basis point to 1.47%. The 10Y Swap increased by 3 basis points to 2.36%.

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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