Market information

Tuesday, December 20, 2011

Great Britain announced during the conference call between finance ministers from the Eurozone and other EU countries that they would not offer any additional funds to the International Monetary Fund (IMF). The extra capital supply to the IMF was promised on EU the summit of last week, Denmark, Sweden, Poland and the Czech Republic announced they offer additional funds to the IMF as well.

Consumer confidence in Germany has remained unchanged for January 2012, which is reflected by the research group GfK indicator. This indicator gives an outlook for the German consumer confidence. The index for January was 5.6, equivalent to one month earlier when the consumer confidence level also 5.6.

The Dow Jones index decreased by 0.8% and closed at 11,766.26 points, the S&P closed at 1,205.35 points, a loss of 1.2%. The Nasdaq decreased by 1,2% as well and closed at 2,523.14. The AEX in Amsterdam closed at 293.90 points with a loss of 0.4%.

The 6M Euribor remained unchanged at 1.67%. The 10Y Swap increased by 1 basis point to 2.44%.

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).

Download market data

Monday, December 19, 2011

The North Korean leader, Kim Jong-il, has deceased this weekend. Immediately after the announcement of his death the shares on the South Korea Stock Market in Seoul declined with 4,87%. In Tokyo, the shares on the stock market also declined. The South Korean army has been brought in the highest state of alert following the death of the leader of rival North Korea.

According to news agency AFP, the Finance Ministers of the Eurozone will have a telephone conversation Monday about the developments of the European Debt Crisis after the EU summit of 8 and 9 December 2011. Another theme that will be discussed is the bilateral loans to the International Monetary Fund (IMF) by the European Union. With these loans the IMF will support weaker countries in the Eurozone. According to sources, the conversation will be held at 4:00 p.m. Dutch time.

The head of the National Development and Reform Commission (NDRC) announced Sunday that China will invest "appropriately" next year to support the economy during the global recession. China will do this by further stimulating domestic demand. China will, among other things, invest in education, low-cost housing and water supply. The Chinese government already announced last week that it will undertake all necessary measures to maintain economic growth next year.

The British Minister of Trade reported Sunday that Great Britain will require banks to separate retail banking activities from investment banking activities. With this announcement the government adheres to the recommendations of the Independent Commission on Banking (ICB) that was specifically designed to protect taxpayers against a new banking crisis in the future. The ICB released a report last September and mentioned a deadline of 2019 for the proposed plans. The ICB also mentioned that the separation of banking operations will have a negative effect on the earnings of banks. According to the ICB, the separation will cost approximately EUR 4-7 billion before tax. The acceptance of the proposal will be explained Monday to the parliament in an official statement.

According to official sources from the Greek government, 320.000 people have lost their jobs this year. This brings the total number of unemployment in Greece to 878.000 people, 18,4% of the Greek population. Greek unions warn that unemployment could reach 20 percent next year.

The 6M Euribor remained unchanged at 1,67%. The 10Y Swap declined by 4 basis points to 2,43%.

Download market data

Friday, December 16, 2011

Yesterday the Dutch bureau of statistics announced that the unemployment rate remained unchanged compared to last month. In November 455 thousand people are unemployed which corresponds to 5.8% of the workforce.

Thursday, Fitch reduced the credit ratings of 7 international banks. This is due to low economic growth and the influence of the European debt crisis on the U.S. banking sector. Barclays and Credit Suisse are reduced with two steps of AA to A. Bank of America, BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs are reduced with one step. Fitch follows credit evaluator Standard & Poor's that reduced the credit ratings of the 7 banks last month.

The Dow Jones index won 0.38% and closed at 11.868, 81 points. The S & P 500 closed at 1215,75 points, 0.32% higher. Nasdaq also ended with 0.07% higher at 2541,01 points. In Amsterdam the AEX won 0.9% and closed at 294,62 points.

The 6M Euribor remained unchanged at 1.67%. The 10Y Swap increased by 1 basis point to 2.47%.

Download market data

Thursday, December 15, 2011

Today, the European Statistical Office, Eurostat, will publish the inflation figure of the Euro zone for the month November. Analysts expect an inflation rate of 3.0% on annual basis. This is the same inflation rate as in the month October. In the Netherlands the unemployment figure for November is published. Analysts expect a rise in unemployment to 5.9%. In October, the unemployment in the Netherlands was 5.8%.

Credit rating agency Fitch has lowered the credit rating of the Rabobank with one notch from AA+ to AA. According to Fitch the poor economic outlook in the Euro zone is one of the main reasons for the downgrade. Fitch follows rating agency Standard & Poor's who already lowered the credit rating of the Rabobank from AAA to AA at the end of November.

Yesterday, Italy issued EUR 3 billion of five-year government bonds. The interest paid by the Italian state was 6.47%. This is 18 basis points higher than the last issue of five-year bonds in November.

The 6M Euribor remained unchanged at 1.67%. The 10Y Swap decreased by 4 basis points to 2.49%.

Download market data

Wednesday, December 14, 2011

Yesterday, the Federal Reserve announced that is would place its monetary policy firmly on hold. The US economy is doing a little better as both the inflation and the unemployment rate have fallen slightly. The FED wants to wait on the developments in the risks from the Eurozone crisis before they take any measures.

The Central Planning Agency from the Netherlands (CPB) presented a prediction for the Dutch economy yesterday morning. It predicts that the economy will shrink by 0.5% in 2012. According to the CPB, the Dutch economy is in recession. From the second half of 2012 onwards the CPB is expecting some recovery of the economical growth.

The Japanese Ministry of Economy, Trade and Industry announced that industrial output rose slower than expected. Production in October on a monthly basis rose by 2.2% which differs from the previously assumed growth of 2.4%.

The European currency has reached its lowest level this year. The euro felled against the dollar below the USD 1.31 and was trading at USD 1.3009 in Asia, a level last reached in January.

The U.S. markets reacted negatively on the news of the Fed. The Dow Jones and the S&P 500 lost 0.6% and 0.9%, respectively. The Nasdaq ended at a loss of 1.3%. In the Netherlands there was a slight recovery yesterday compared to Monday, both the AEX and Midcap gained 0.4%. The markets in Asia closed with a loss; the Nikkei closed 0.28% lower.

The 6M Euribor decreased with 1 basis point to 1.67%. The 10Y Swap decreased with 4 basis points to 2.53%

Download market data

Page 8 of 107 pages
« First < 6 7 8 9 10 > Last »