Market information
Friday, March 26, 2010
The International Monetary Fund (IMF) will play an important role in the loan that will be provided to Greece. Last night the EU leaders reached an agreement in Brussels. The euro countries will further complement the loan if necessary. European stock markets reacted positively to this message. The AEX closed 1.1% higher at 345.6 points, the highest position since October 2008. The euro also rose to $ 1.33.Companies in the EU carefully begin to apply for more credit. The European Central Bank observed an increase of 0.3% in February on a monthly basis. Interestingly, most companies choose credit with a maturity longer than five years, while the number of applications for loans of less than one year has decreased.
In the U.S., the figures were published of the number of initial job claims of the past four weeks. The four weeks before the number was 457,000 claims. The number of claims over the last four weeks added up to 442,000 and that his 8000 claims less than analysts initially thought.
The 6M Euribor remained unchanged at 0.95%. The 10Y Swap is 3 basis points to 3.33%.
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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
