Statwatch #24

MASSIVE NEWS: 3-month Euribor and dollar Libor ROSE this week after over 3 months of consecutive week-on-week falls, possibly indicating that banks are starting to take to heart warnings by governmental bodies that not enough credit is being made available, probably as a result of the gradual return of aggressive bargaining to the markets for the first time since 2007. IRS yield curves flattened slightly, as downbeat economic figures depressed long-term growth prospects, and a mix of worse-than-expected reports all over the world dragged down indices, with FTSE and Nikkei dipping below 5000 and 10000 respectively for the first time in weeks. Gold and crude tracked a mixed week for commodities, with the milestone of $70/barrel slightly out of reach, though gold reasserted itself above $1000.

Markets summary:

£/€ XR: 0.9141 (-0.0061 from last week)

$/£ XR: 1.5996 (+0.0057)

€/$ XR: 0.6839 (+0.0032)

FTSE 100: 4993.38 (-88.82)

Dax: 5472.34 (-109.07)

Nikkei 225: 9674.49 (-591.49)

Dow Jones: 9487.67 (-177.52)

S&P 500: 1025.21 (-19.17)

SONIA: 0.44pc (+0.01)

EONIA: 0.34pc (-0.01)

Fed Funds: 0.11pc (-0.03)

£ Libor 3m: 0.54125pc (-0.01000)

€ Euribor 3m: 0.75pc (+0.01)

US$ Libor 3m: 0.28406pc (+0.00156)

Interest-rate swaps:

€ 2yr: 1.69pc (+0.03)

€ 5yr: 2.68pc (-0.07)

€ 10yr: 3.44pc (-0.09)

£ 2yr: 1.78pc (-0.06)

£ 5yr: 3.17pc (-0.17)

£ 10yr: 3.81pc (-0.18)

$ 2yr: 1.24pc (0.00)

$ 5yr: 2.56pc (-0.14)

$ 10yr: 3.37pc (-0.20)

Commodities:

Brent crude oil: $67.75 (+$2.60)

Heating oil: $1.78 (+$0.07)

Natural gas: $4.68 (+$0.72)

Ethanol: $1.75 (+$0.12)

Gold: $1007.00 (+$15.40)

Silver: 1634 (+27)

Copper: 270.00 (-3.45)

Platinum: $1288.00 (-$6.00)

Palladium: $300.75 (+$3.35)

Cocoa: £1985.00 (-£50.00)

Coffee (Robusta): $1392.00 (-$8.00)

Coffee (Arabica): $131.40 (+$3.70)

Corn: 333.50 (-0.50)

~ by Marius Ostrowski on October 5, 2009.