Market Information Monday 30 March 2020

According to ING’s investor barometer, the corona crisis has caused Dutch investors’ confidence to fall to its lowest point since November 2012. In almost a month, the barometer fell from 127 to 82 points. At the beginning of March, the average investor expected the AEX at 527 points in June. Two weeks later, the average expectation dropped to 432 points. About 20 percent even expect a score below 425 points.

According to José Ángel Gurría, secretary general of the Organization for Economic Cooperation and Development, each month major economies are in a lockdown, will cause a decline of about 2 percentage points on their annual economic growth. According to Ángel Gurría, many economies are going through a recession and governments should not shun far-reaching crisis measures.

Due to the substantial support package to fight the corona pandemic and the uncertainty about the future trade relationship with the European Union, credit rating agency Fitch has lowered the rating for the United Kingdom from AA to AA-.

The 6M Euribor increased with 3 basis points to -0.27% compared to previous business day. The 10Y Swap decreased with 8 basis points to -0.02% 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.