Market information
Wednesday, May 26, 2010
A combination of developments led to extensive losses for the AEX-index yesterday. With a loss of 6.1% ING incurred the largest decline in market value. Investors were influenced by a possible Spanish debt crisis, an imminent war at the Korean peninsula and a series of announced European savings plans.
The UK and Danish governments announced Tuesday radical plans to reduce their deficits. Italy and France also plan to take severe measures. Previously Greece, Portugal and Ireland foreboded draconian measures to get their government finances back on track.
In the US the share prices also dropped sharply across all markets, but during the day they rallied to end the day at 10043.75, or 0.2% lower.
The euro quoted at 1.2342 dollar, against 1.2285 at the closing of the European stock exchanges.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap increased 1 basispoint to 2.93%.
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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
