Market information Friday August 14 2015

Yesterday, Royal Imtech has been declared bankrupt by the Rotterdam court. The administrators, which have been appointment as trustees in bankruptcy. The Marine and Nordic divisions will be sold to ensure continuity of parts of the company. 7,300 jobs will be secured of which 1,300 in the Netherlands. Euronext said Imtech will soon be removed from the Midkap index.

Retail business revenues in the Netherlands increased 4.7% in June, compared to the year before, the largest revenue growth since July 2008. In June, the number of sales was 5.1% higher than a year before. Stores in home furnishing, pharmacies and clothing stores enjoyed the highest increase in June. Sales in home furnishing rose by 13%, benefiting from the improving housing market.

This morning, the majority of the Greek parliament agreed to a third bailout package. The deal involves tax rises and spending cuts in return for a bailout of EUR 85 billion. This afternoon, the eurozone Minsters of Finance will discuss whether to grant Greece the bailout package.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap remained unchanged at 0.98%.

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: update@zanders.eu.