Market information

Thursday, January 28, 2010

Despite that the Federal Reserve released a slightly more positive view of the American economy yesterday, it continues to keep the interest rate at 0.00-0.25% to keep supporting the economy. The economic figures that have been released since the last interest rate fixing indicate a recovery that is yet to fragile to increase inflation and decrease unemployment. The FED did anounce that that it is planning to stop the $1.25 trillion acquisition of mortgage backed securities as of the 31st of March. This acquisition has in part helped to lower mortgage interest rates which has stabilised the real estate market and gave a positive impulse to the financial system.

Figures published by the American ministry of energy yesterday show that the stockpiles of crude oil decreased unexpectedly last week. Stockpiles of crude decreased 3.9 million barrels to 326.7 million last week. Analists expected an increase of 0.9 million.

Yesterday the American ministry of trade also published figures that sales of family homes decreased unexpectedly during the month of December. The number of newly sold homes was 342,000, a drop of 7.6% on a monthly basis. Analists expected an increase of 2.8%.

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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