Market information Friday February 12th 2016

Yesterday, the European stock exchanges closed with losses. The AEX index fell by 3.1% to 382.6 points. The French CAC lost 4.1% and the UK’s FTSE 100 closed with a loss of 2.39% at 5,537 points, the lowest level of the index since the end of 2012. Share prices of banks fell the most. Société Générale and Deutsche Bank lost 12.1% and 6.1% respectively. The price of gold rose by more than 3% to EUR 1,098 per troy ounce.

According to a report published by Statistics Netherlands, the Dutch economy grew by 0.3% in the fourth quarter of 2015. The economy grew by 1.9% over the whole year. It is the seventh quarter in a row in which the economy grew.

Last week, the US Labor Department reported that the number of applications for unemployment benefits in the US decreased by 16,000 to 269,000 in the week ending on February 6th. The four-week moving average number of applications per week decreased by 3,500 to 281,250. Applications have been below 300,000 per week for 49 consecutive weeks, which is associated with a healthy labor market.

The 6M Euribor remained unchanged at -0.11%. The 10Y Swap increased by 3 basis points to 0.61%.

In the attachment, 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: update@zanders.eu.