Market information Wednesday November 25th 2015

Military and social tensions are making Turkey less attractive to investors, according to investment manager BNY Mellon. After the downing of Russian fighter jet by the Turkish air force yesterday it is expected that millions of Russian tourists will cancel their holiday to Turkey. Furthermore the Turkish stock market collapsed last Tuesday. The Borsa Istanbul Stock Exchange fell by nearly 4% compared to Monday. The Turkish growth forecast is revised downwards as response to the Military and social tensions.

Investments in Dutch real estate has reached its highest level since 2007. Analysts expect that the investment volume in real estate will outdrive the level of 2007 when real estate investments will continue at same pace for the remaining of 2015. Low yields on government bonds are one of the main drivers of the increase in real estate investments.

The Dutch producer confidence index increased from 2.4 in October to 4.0 in November, according to Statistics Netherlands (CBS). The index is still well above the 20 years average of 0.4. The average daily output of the Dutch manufacturing industry was 0.4% higher than a year earlier.

The 6M Euribor decreased with 1 basis point to -0.03%. The 10Y Swap increased with 2 basis points to 0.86%.

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