Market information
Friday, June 25, 2010
Yesterday, Eurostat announced that the level of new industrial orders in April was 22.1% higher than last year. The increase in April was the highest in the last 10 years. Analysts were expecting an increase of 21.5%. The pension fund of the U.S. state of New York is preparing a lawsuit to make BP liable for damages suffered on its investments in BP. The pension fund (asset value of $133 billion) says that BP brought the share price down by spreading misleading information. Dutch pension funds are also considering such steps in the future. Het Financieele Dagblad reports that APG and PGGM are awaiting an independent investigation before proceeding with legal action against BP. Investment company HAL Holding has taken a stake in medical service provider Bosman. The activity is added to Livit, which HAL acquired in 2007. The investment is focused on building a nationwide organization that focuses on the sale of orthopedic devices. HAL used this buy-and-build strategy before in the markets for glasses and hearing aids. The 6 month Euribor increased with one basis point to 1.03% and the 10 year Swap decreased four basis points to 2.89%. 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
