Market information Monday August 24th 2015

China’s equity benchmark, the Shanghai Composite Index decreased 8.5% today compared to Friday, 2000 shares came close to the daily limit of 10%. When the 10% is reached, trade is automatically halted. Other stock markets in Asia also decreased, with Hong Kong (-5.0%), Japan (-4.6%), South Korea (-2.5%) and Taiwan (-4.8%) showing the largest losses. The main reason for the disappointing results is the continuing concern about the Chinese economy.

Oil prices decreased further today compared to Friday. The price of a barrel of West Texas Intermediate (WTI) decreased by 2.5% and now trades at USD 39.50. Brent oil decreased by 2.6% and currently costs USD 44.48. As a result, the stock exchanges in the Middle East fell sharply.

The investment branch of world’s largest oil trading company Vitol, recently the remaining 50% of shares in the Rotterdam tank storage company VTTI purchased for USD 830 million. Every day, Vitol trades 5 million barrels of crude oil and achieved a turnover of USD 270 billion last year.

The 6M Euribor remained unchanged at 0.04%. The 10Y Swap remained unchanged at 0.93%.

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: