Market information Monday April 11th 2016

The main stock indices around the world closed the week with gains due to the increased oil prices last Friday. The stock indices in Europe closed with a gain of 1.4%, as well as the stock markets in Dubai and Saudi Arabia. The AEX closed with a gain of 1.3% last Friday. The US oil price increased with 6.0% to USD 39.48 per barrel and the price of Brent crude oil increased with 5.7% to USD 41.66 per barrel.

The inflation rate in China was 2.3% in March 2016 annually, the same as in the month February. The main reasons are the price increases in fruit, vegetables and pork. The core inflation in March was 1.5% on a yearly basis. Furthermore, the producer prices in China decreased in March by 4.3% annually.

Credit rating agency Moody’s reduced the creditworthiness of Shell from Aa1 to Aa2. The valuation depends on the senior debt of Shell after the merger with the British gas company BG Group. Moody’s argues that due to the low oil prices and the free cash flow of the British-Dutch oil company the outlook of the credit assessment will be negative up till 2017.

The 6M Euribor remained unchanged at -0.13%. The 10Y Swap increased with 1 basis point at 0.50%.

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: