Market information

Tuesday, March 16, 2010

Monday the U.S. Federal Reserve published figures. The figures show that U.S. industrial production increased. Compared to last month the U.S. industrial production rose in February by 0.1%, in January the growth was 0.9%. This figure is an important indicator of the future economic growth. The higher industrial production is good for employment in this sector and is usually motivated by a larger outlet. The capacity utilization also rose in February. Capacity utilization rose to 72.7%, in January it was 72.5%.

Yesterday, ministers of 16 euro countries agreed ,in Brussels about the possible assistance to Greece. Greece will receive, if necessary, a loan or guarantee of the euro countries. With this Greece will receive no interest benefits and strict requirements imposed.

Yesterday the euro rose against the British pound to GBP 0.91. A reduction of the credit status of the UK, according to Moody's, is coming closer, whereby the pound dropped. The European currency dropped against most other currencies.

The 6M Euribor remained unchanged at 0.96%. The 10Y Swap decreased with 1 bp to 3.35%.

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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Monday, March 15, 2010

The bill from Senator Dodd Chistropher will remove the supervision from the Federal Reserve (Fed) of more than 5,000 banks. Only the largest bank holding companies will still be under the supervision of the Fed. These 35 largest bank holding companies have a total assets size of at least USD 50 bln.

Tonight, the finance ministers of the 16 euro countries will discuss the emergency plan for Greece. Greece has asked for financial aid for the next 2 months. The forecast is a EUR 23 billion deficit in April and May

Sales of leases of machinery and other lease assets substantially decreased by 28% to EUR 4.5 bln. According Jan Klusters, chairman of the Dutch Association of Leasing companies, this industry is a measurement for the Dutch economy. The reason for this decline is that customers have opted for the leasing of existing machines for a longer period.

The 6M Euribor remained unchanged at 0.96%. The 10Y Swap fell 3 basis points to 3.36%.

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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Friday, March 12, 2010

Yesterday, the figure for the number of new applications for unemployment benefits was announced in the United States. Analysts expected a decline over the last week of February to 460.000. The figure published was with 462,000 for the first week of March, slightly higher than expected. In response to this news, the AEX-index decreased and eventually reached a closing price that was 0.6% lower tan the opening at 339.02.

Despite the disappointing figure for the number of new applications for unemployment benefits, U.S. markets closed higer than Wednesday. This was caused by the fact that the U.S. stocks jumped in the last hours of trading due to positive market outlooks of CEO Pandit of Citigroup. He revealed that in his opinion the bank will be very profitable again in the future.

Next week, important macro-economic figures will be published for the Euro zone: the unemployment rate and the CPI

The 6M Euribor remained unchanged at 0.96%. The 10Y Swap increased three basis points to 3.39%.

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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Thursday, March 11, 2010

News agency Bloomberg has published its financial professional confidence indicator yesterday. The index value for February is 53.8 versus 54.9 the previous month. A value larger than 50 means that more optimists than pessimists responded to the Bloomberg enquiry. The drop in confidence is attributed to growing concerns about government finances amongst several nations in the world. Expected early withdrawals of stimulus measures raises concerns about the possibility for sustained recovery in the near future.

United States wholesale inventories dropped for the second month in a row in January. The drop was 0.2% versus a drop of 0.8% a month prior. According to analysts companies are not able to keep up with demand and they expect that rises in production output are to be expected.

The Japanese economy has grown 0.9% in the fourth quarter of 2009. This is lower than early estimates showed. Increasing demand for Japanese exports drives the increase with a 0.5% rise in the share exports have in the Japanese GDP.

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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Wednesday, March 10, 2010

In the United States the consumer confidence has been announced yesterday. Analists expected a slight increase from -49 to -48. For the first week of March, however, the consumer confidence remained unchanged compared to the last week of February.

Little movement on the stock markets worldwide. The AEX index increased with 0.27% to 339.09. The American stock markets showed a postive movement as well.

Later this week numbers on the American labor market are announced. The request for initial jobless claims is expected to drop from 469.000 at the end of February to 460.000 in the first week of March.

The 6M Euribor remained unchanged at 0.96%. The 10Y Swap dropped two basis points to 3.33%.

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