Market information Thursday February 25th 2016

Lower worldwide commodity prices and disagreement about oil production in the Middle East caused substantial losses yesterday on the European major stock exchanges. The AEX index and the DAX index decreased respectively with 2.00% and 2.86%.

The Pound Sterling further weakened yesterday with the possibility of a Brexit building momentum. After Boris Johnson, Michael Gove the Secretary of State for Justice, is now also supporting the Out campaign. GBP lost strength against the EUR and USD. The GBP/USD reached a 7 year low of 1.39 and the GBP/EUR reached a 1 year low of 1.27.

Consumer confidence in US fell below expectations. Falling from 97.8 in January to 92.2 in February. Markets expected a minor decrease of 0.8. Consumer confidence in France also followed the downward trend from 97.0 in January to 95.0 in February.

Markit Economics released the preliminary results of the United States Purchasing Manager Index (PMI) for February. The index is down from the January level of 53.2 to 50.1. Drivers for the decreasing optimism worldwide are the concerns about the Chinese Economy.

The 6M Euribor remained unchanged at -0.13%. The 10Y Swap increased with 3 basispoints to 0.55%.

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: