Market information
Friday, May 28, 2010
Due to commitment of China to continue investing in the European region the U.S. market reacted positively yesterday. The Dow Jones went through the key 10,000-point threshold. As a result the AEX index opened this morning with a profit of 0.8% and reach 323.5 points.Hedge fund managers give a warning that in the U.S. the impact of the debt crisis will be felt too. The Greek crisis shows that the bubble in government debt is bursting, according to David Einhorn, one of the most influential hedge fund managers. He spoke these words at the Ira Sohn conference which counts as an annual Mass for professional investors.
The measure of the SEC to store all trade data in order to detect fraudulent activity will cost the U.S. billions. The construction of this data center will amount to USD 4 billion and $ 2 billion will be added to that annually. Immediate reason for this is the "flash crash" of May 6 where within half an hour USD 1000 bln evaporated on the American market.
The 6M Euribor remained unchanged at 0.99%. The 10Y Swap increased 1 basis point to 2.96%.
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
