The terrorist attacks in Belgium at Brussels Airport and the Brussels metro created volatility on European stock markets yesterday. Immediately after opening, share prices fell sharply. In the afternoon, stock markets slowly recovered. The stock exchanges of Paris, Brussels and Frankfurt ended the day with gains of 0.1% to 0.2%. The AEX lost 0.2% and closed at 443.12 points.
European businesses appear to be optimistic about the state of the economy. This becomes apparent from the Purchasing Managers Index that Markit published yesterday. This index rose from 53.0 in February to 53.7 in March. A value above 50 indicates that purchasing managers in the euro area are optimistic about the state of the economy. Yesterday, the German Ifo institute also published its Business Climate Index for the German economy. This index also rose slightly from 105.7 in February to 106.7 in March.
The 6M Euribor remained unchanged at -0.13%. The 10Y Swap remained unchanged at 0.59%.
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