Market information
Thursday, March 25, 2010
Uncertainty about Greece holds the financial markets in its grip. Yesterday Fitch announced that it downgrades Portugal's credit rating from AA to AA-, since it has not taken appropriate measures to control its deficit. In response the euro lost more ground to the US dollar and reached its lowest level in ten months at $1.334.
Based on European and American macroeconomic figures the stock markets opened positive. German entrepreneurs have more faith in the economy. The positive sentiment changed, however, when the number on industrial orders in the eurozone was announced. This figure was lower than expected by economists. The AEX index remained nearly unchanged and closed at 341.74.
Later this day figures on the American labor market will be announced. Expectations are that the initial jobless claims will decrease from 457.000 to 450.000.
The 6M Euribor remained unchanged at 0.95%. The 10Y Swap rate increased 4 basis points to 3.30%.
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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