Market information
Monday, July 26, 2010
Last Friday, after closing of the European stock markets, the results of the stress test were announced by the European Banking Committee of Supervisors. The European banks performed well in the stress test, 84 of the 91 tested institutions passed the test. Five local Spanish banks (Caja), one Greek bank and the German bank Hypo Real Estate failed the test and together have to attract EUR 3.5 billion of additional capital.
The good results of the stress test resulted in a positive mood on the stock exchange this morning. The AEX opened 0.6% higher at 339.23 points. Today will show how the European stock markets continue to react on the results of the stress test.
The German research institution Ifo published figures on Friday regarding the German business confidence. The German business confidence had its largest increase since the German re-unification. The United Kingdom published positive macroeconomic figures; the British economy grew beyond expectations in the second quarter.
The 6M Euribor remains at 1.13%. The 10Y swap increased 6 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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Economic view
Publications
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risk management, financing, treasury, cash management, working capital, investments, Basel III
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corporates, corporate lending, Greek default
Client Cases
Netherlands State Treasury Agency
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public sector, treasury management, financing, treasury, publieke sector
