Market information
Thursday, July 08, 2010
Optimism among investors on the stock exchanges on Wednesday. A positive earnings outlook for the bank State Street was received by investors as a signal that other banks will report better than expected results for the second quarter of this year. Furthermore, the International Council for Shopping Centers announced that they expect a strong sales growth for American chain stores. The Dow Jones closed 2.8% higher at 10,018. In Amstedam the AEX index closed 1.0% higher at 317.56.
The Committee of European Banking Supervisors (Cebs) has announced that a total of 91 banks will undergo the stress test. This stress test determines whether banks are capable of absorbing severe shocks. The results of the stress test will be published on 23 July 2010. In the Netherlands the banks Rabobank, ABN Amro, ING and SNS Reaal will undergo the stress test.
Later today the European Central Bank announces its interest rate decision. Analysts expect that the main interest rate will be maintained at 1%. Furthermore, the US initital jobless claims are announced. The initial jobless claims are expected to drop by 12,000 compared to last week to 460,000.
The 6M Euribor increased by 1 basis point to 1.07% and the 10Y Swap increased by 4 basis points to 2.91%.
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).
Page 1 of 1 pages
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
