Market information Friday June 26 2015

The meeting between the ministers of Finance of the euro countries, the Eurogroup, ended without an agreement about Greece yesterday. The ministers discussed proposals from the European Commission, the International Monetary Fund (IMF), the European Central Bank (ECB), and Greece. The parties could not agree on a joint proposal. The next meeting of the Eurogroup is this Saturday.

The Greek crisis hangs like a shadow over the discussion in the United Kingdom over a possible exit from the European Union. If the UK would leave the European Union , the Dutch economy will be harmed most , apart from the British economy. Dutch companies have a total of EUR 177 billion of investments in the UK. These investments yielded EUR 9 billion in 2013, accounting for 1.5% of the gross domestic product (GDP) of the Netherlands.

Yesterday the AEX-index in Amsterdam closed 0.1% lower at 492.39 points, the Midkap-index dropped 0.2% to 731.00 points. The stock exchanges in London and Paris lost respectively 0.6% and 0.1%, while the DAX in Frankfurt closed virtually unchanged.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap remained unchanged at 1.20%.

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.