Market Information Thursday 12th of May, 2016

The World Economic Survey conducted by the Ifo indicates that the climate for the world economy has improved slightly over the last couple of months. Especially in North-America sentiments are more positive.

Goldman Sachs analysts expect the US dollar not to fall any further in the coming months after reaching USD 1.12 the 22^nd of April 2016, although an increase of the Fed Funds Rate in June is highly unlikely, because of disappointing economic figures in the United States.

Dutch companies that are considering an IPO, prefer to issue before the British referendum the 23^rd of June, out of fear for a potential Brexit. At the moment, the conditions for an IPO are relatively good, but this could change very quickly if a Brexit would occur, according to bankers. Several announcements of IPOs are expected in the coming weeks.

The 6M Euribor remained unchanged at -0.14%. The 10Y Swap remained unchanged at 0.52%.

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.