Market information

Wednesday, November 23, 2011

Markets keep pressure on the European government bonds. The Italian interest rate shows the same trend as seen in Greek and Portuguese rates; the short-term interest of Italy is almost equal to the long-term interest. Also the interest rate on governments bonds from Spain, France and Belgium increased significantly. This increase of Belgian interest is due to political problems in the country while in the other countries there is a solvency problem.

Today, the European Commission will propose measures to give Brussels more authority over national budgets of eurozone states. According to the Financial Times, the proposal would allow the European Commission to send fiscal inspectors to countries who are experiencing severe difficulties, without permission from that country.

Asian stocks fall on concerns regarding slowing growth rates in China and the U.S. The U.S. economy will expand by only 2%, which is a half percent lower than expected. The Chinese face a contraction in manufacturing resulting in lower growth. The stock market in Hong Kong dropped 1.9% and the stock market in Tokyo was closed due to Japanese Labor Day. The Dow Jones closed 0.5% in red and the S & P 500 lost 0.4%.

The 6M Euribor increased by 1 basis point to 1.70%. The 10Y Swap decreased by 8 basis points to 2.57%.

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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