Market information

Friday, July 30, 2010

Surveys of the European Commission show that economic sentiment in the euro zone in July has improved. The sentiment in the sixteen euro countries increased to 101.3 points, the highest level in 28 months. The improvement is largely due to the growth of Germany's economic sentiment which increased from 106.1 to 110.1 points. The increased economic sentiment is highly related to the increase of the industrial export index. The service sector also showed progress.

Last night, the International Monetary Fund (IMF) published a report on the U.S. financial sector. The situation with house prices, mortgages, and economic growth can lead to shocks in the economy resulting in great losses for banks. For this reason U.S. banks need USD 76 billion of additional capital according to the IMF.

The growing confidence in the European economy yesterday ensured a stronger euro. At the end of the day the currency amounts to U.S. $ 1.31, its highest level since three months.

The 6M Euribor increased 1 basis point to 1.15%. The 10Y swap decreased 1 basis points to 2.97%.

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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