Market information Friday January 15th 2016

Yesterday, Giorgos Stathakis, Greek Economy Minister, stated that economic expectations have been adjusted from of a modest decline to a recovery of growth. On Thursday, figures were published showing prices of consumer goods in Greece increased by 0.4% in December 2015 compared to a year earlier, the first increase after almost 3.

According to the Dutch association of estate agents (NVM), the number of transactions of existing homes increased by 15% in the fourth quarter of 2015 compared to a year earlier. Prices of existing homes increased in the fourth quarter of 2015 were 5% higher than a year earlier. According to Ger Hukker, chairman of the NVM, “the price of the average sold home is still almost 10% below the level at the start of the crisis”.

The American stock exchanges closed higher yesterday. The Nasdaq closed 2.5% higher and the Dow Jones rose with 1.4%. The S&P 500 gained 1.67%. On Wednesday, the S&P 500 fell by 2.5% to below 1,900 points, its lowest level since September 2015.

The 6M Euribor remained unchanged at -0.05%. The 10Y Swap increased by 1 basis point to 0.87%.

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.