Market information
Tuesday, July 27, 2010
Yesterday the Financial markets reacted moderately positive to the stress test last Friday. European stock markets had positive closings at 0.9%. Banks were the biggest risers on the stock markets. On the AEX, ING increased with 3.8% yesterday and was the biggest riser.The stress test has had a lot of criticism. Analysts claimed the test was considered to be too light. Another point of criticism is the fact that the measurement does not take into account that some banks are not able to meet their financial obligations concerning government bonds.
The AFM has announced that there is reason to believe that certain parties manipulate the stock market by using fictive orders. Such parties would publish fictitious stock market fluctuations and take advantage of this. The AFM does not mention any names, but the relevant parties will be dealt with in case more evidence arises.
The 6M Euribor increased with 1 basis point to 1.14%. The 10Y swap increased with 4 basis points to 3.01%.
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
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
