Market information

Wednesday, July 07, 2010

Disappointing figures from the U.S. cause a light economic recovery in Europe. Result of the figures in the housing and labor markets in the U.S. is the rising euro compared to the dollar. Since the second half of June the euro has been rising, while there was a significant decline since the beginning of 2010.

The global concern for the strength of economic recovery will have an effect of the stock markets in Europe. They will open lower today. A second reason for this is the positive trading day that took place yesterday and the correction related to this that will occur at the time the markets open.

The State Bank Agricultural Bank of China (ABC) is about to get a record amount of an IPO of USD 21.9 bln. The condition for this IPO is that ABC uses its right to allocate additional shares as a result of great interest. The old record was held by the Chinese Industrial and Commercial Bank that amounted to $ 21.6 billion in shares.

The 6M Euribor remained the same at 1.06% and the 10Y Swap increased with 1 basis point to 2.87%.

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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