The stock markets worldwide are colored red by the corona virus. The broad S&P 500 index ended up 9.5% lower yesterday, as did the Nasdaq. The Dow Jones even lost 10 percent, the biggest drop since the crash in 1987. The AEX closed on Thursday at 432.1 points, a loss of 10.75%. This means that the price drop is recorded as the second deepest ever.
The markets responded, among other things, to news from the European Central Bank (ECB) that did not lower interest rates on deposits, as expected. Instead, it will increase the bond buying program by € 120 billion until the end of the year. Temporary measures are also being taken to mitigate liquidity problems as much as possible.
US President Donald Trump announced in a speech that the US government has invested $ 50 billion in a government fund for SMEs and that a reduction in income tax is coming. The US central bank will also make extra liquidity available. $ 500 billion is available for this.
The 6M Euribor increased with 1 basis point to -0.43% compared to previous business day. The 10Y Swap increased with 1 basis point to -0.25% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
Managed by Sluijmer Multimedia and hosted by True.