Market information Thursday 13th of August 2015

The Dutch Authority for the Financial Markets (AFM) halted trading in Imtech this morning. Imtech did not succeed to reach an agreement with its lenders and had to go to court to ask for deferral of payment in the past days. Yesterday Imtech’s shares rose 44% resulting in a share price of EUR 0.39. After the company had price declines of 40% on a daily basis.

The central bank of China sees currently no reason for further declining of the renminbi. The loss on the Chinese currency was limited to 0.3% compared to the USD. In the past two days, the currency has lost 2% against the USD. The Chinese central bank dropped the fixing rate of the renminbi by 1% today. The current exchange rate is CNY 6.4010 for one USD.

In the second quarter of this year, the Russian economy shrank by 4.6% after a 2.2% decline in the previous quarter. The World Bank projects a negative growth outlook for Russian in 2015 and 2016. A major reason for the decline is the drop in oil prices.

The 6M Euribor remained unchanged at 0.05%. The 10Y Swap increased by 4 bp to 0.98%.

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: