The European Central Bank has given Greece approval to reopen its stock market last Tuesday. Today the Hellenic Capital Market Commission will decide when Athens stock exchange will open. The stock exchange was shut down for a month due to the Greek debt crisis. For foreign investors there will be no restrictions, but there will be limitations for local investors.
Solvay, a Belgian chemical group, will buy the US peer Cytec for EUR 5.8 billion. So said Solvay in a statement released before the opening of the stock exchange. Solvay will now become one of the biggest companies in the world, in chemicals for planes, cars and mining industries.
Standard & Poor’s (S&P) lowered its credit rating on Philips to BBB+ from A-. The outlook is stable. The downgrade reflects the companies weak performance last year. S&P doesn’t expect that Philips will be able to improve its rating in the near future. This is due to the ongoing remediation within the company.
The 6M Euribor remained unchanged at 0.05%. The 10Y Swap remained unchanged at 1.04%.
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: email@example.com.
Managed by Sluijmer Multimedia and hosted by True.