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Summary

Interest Rates
Reference Close % Δ on week % Δ YTD
USD Libor 1m 0.522% 2.9% 21.6%
USD Libor 3m 0.825% 2.7% 34.7%
USD Libor 6m 1.229% 2.6% 45.2%
USD Libor 12m 1.533% 1.7% 30.1%
Euribor 1m -0.299% 0.3% 45.9%
Euribor 3m -0.190% 0.5% 45.0%
Euribor 6m -0.046% -8.0% 15.0%
Euribor 12m -0.047% -6.0% -178.3%
GBP Libor 1m 0.274% 0.3% -45.5%
GBP Libor 3m 0.388% 0.5% -34.4%
GBP Libor 6m 0.519% 2.4% -31.0%
GBP Libor 12m 0.732% 1.3% -31.6%

 

Currencies
Reference Close % Δ on week % Δ YTD
USD/GBP 1.3137 2.0% -10.9%
EUR/GBP 0.8618 0.8% -14.4%
USD/EUR 1.1315 1.2% 4.2%
JPY/EUR 113.53 0.3% -13.0%
CNH/EUR 7.5391 1.4% 5.8%

 

Commodities
Reference Close % Δ on week % Δ YTD
WTI 47.05 2.9% 27.0%
Brent 49.16 1.7% 31.9%
Copper 2.14 -0.5% 0.7%
Gold 1,337.70 -0.2% 26.2%
LNG 2.68 3.4% 14.6%

 

Fixed Income
Reference Close % Δ on week % Δ YTD
US Govt. 10Y 1.539% -0.8% -32.4%
Japan Govt. Bond 10Y -0.069% -12.7% -110.9%
Germany Govt. 10Y -0.085% 25.0% -113.4%
UK Govt. Bonds 10Y 0.561% 5.1% -71.4%
Ireland Govt. Bonds 10Y 0.397% 11.8% -65.4%

 

Equities
Reference Close % Δ on week % Δ YTD
ISEQ Index 6.042.89 0.3% -10.7%
VIX Index 12.27 3.9% -32.6%
S&P 500 2,182.64 -0.3% 6.8%
STOXX 50 2,834.26 -1.9% -6.3%
FTSE 100 6,828.54 -1.6% 9.4%

 

All Libor and Euribor figures are for the day preceding the date at which this document has been produced for.

Economic Events

Published economic data
Date Indictator Country Survey Actual Prior
16/08/2016 CPI MoM, Jul. United Kingdom -0.1% -0.1% 0.2%
16/08/2016 CPI MoM, Jul. USA 0.2% 0.3% 0.2%
16/08/2016 Trade Balance SA Eurozone 25.3bn 23.4bn 24.5bn
17/08/2016 ILO Unemployment Rate United Kingdom 4.9% 4.9% 4.9%
17/08/2016 MBA Mortgage Applications USA -- -4.0% 7.1%
18/08/2016
CPI MoM, Jul. Eurozone -0.5% -0.6% 0.2%
18/08/2016 Initial Jobless Claims, Aug. USA 265k 262k 266k
19/08/2016 PPI MoM, Jul. Germany 0.1% 0.2% 0.4%
22/08/2016 PPI MoM, Jul. Ireland -- 0.4% 0.6%
23/08/2016 Markit Manufacturing PMI Eurozone 52.0 51.8 52.0

Key development

  • Collateral requirements for uncleared swaps have been increased in the US and Japan, the EU have delayed their adoption
  • The FED provided more than 100 million dollars of liquidity to foreign central banks
     

Economic indicators

Inflation

  • U.S. consumer prices were moderate (0.0%) in July, which could further diminish prospects of a Federal Reserve interest rate increase this year
  • European consumer prices fall into negative levels for the first time since January (-0.60%)

Brent/WTI

  • On the 18th of August OPEC held talks concerning a possible freeze in production from member countries causing a rise in price
  • WTI and Brent have climbed 2.86% and 1.68% to 47.05 and 49.19 respectfully in the last 7 days
  • On the 21st of August both WTI and Brent reached the highest level since July
     

Currency

  • The Euro has been closing towards parity with the Pound due to uncertainty in the wake of the Brexit referendum
  • One Euro trades for 85.627 pence sterling, down 0.95% from last week’s value of 86.449
     

Today (23 - Aug)

  • Markit US Manufacturing PMI (Actual: 51.8 / Prior: 52 / Surv.: 52)
  • Consumer Confidence EU (Actual: -- / Prior: -7.9 / Surv.: -7.7)
  • PPI Ireland MoM (Actual: 0.4% / Prior: 0.6%)
     

Wednesday (24 - Aug)

  • GDP Germany QoQ (Prior: 0.4% / Surv.: 0.4%)
  • Business Confidence Belgium (Prior: 1.0 / Surv.: 0.8)
  • MBA Mortgage Applications US (Prior:
    -4.0%)
  • Existing Home Sales US (Prior: 5.57M / Surv.: 5.51M)
     

Thursday (25 – Aug)

  • GDP Spain QoQ (Prior: 0.7% / Surv.: 0.7%)
  • Initial Jobless Claims US (Prior: 262k / Surv.: 265k)
  • Markit US Service PMI (Prior: 51.4 / Surv.: 51.8)
     

Friday (26 – Aug)

  • Retail Sales Volume Ireland MoM (Prior:
    -5.8%)
  • GDP France QoQ (Prior: 0.0% / Surv.: 0.0%)
  • GDP UK QoQ (Prior: 0.6% / Surv.: 0.6%)
  • GDP Annualized US QoQ (Prior: 1.2% / Surv.: 1.1%)
     

Monday (29 – Aug)

  • Retail Sales Germany MoM (Prior: -0.1%)
  • Personal Income US (Prior: 0.2% / Surv.: 0.4%)
  • Personal Spending US (Prior: 0.4% / Surv.: 0.3%)
     

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