Weekly Summary from 9 to 13 March 2009
| Date: March 14, 2009 | Source: Economic @ 21 |
| Category: WEEKLY SUMMARY | |
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On 5 March, the ECB announced further rate cuts in the eurozone to 1.5%, leaving the door open to further cuts in the future ..
For its part, the Euribor reached lows that marked the ground breaking in March 2004, closing the week at 1.923% in reference to a year. In all likelihood, March is the first history month Euribor to close below 2% and probably checking monthly lows.
The citizen review mortgaged means that its economy will soon get a breather after rebate on your mortgage note you can reach and exceed in many cases compared to 300 euros a year earlier review.
The Index of Consumer Prices (HICP) or Harmonized Inflation (measured in the same way in all countries of the Euro zone), in Spain fell in February tenth , to put the annual rate of 0.7% since marked 0.8% in January, thus continuing the path of moderation in prices that began in July 2008 as the leading indicator developed by the National Statistics Institute (INE).
It will be a new low since June 1969 confirmed the definitive national data of inflation to be published on 12 March.
A barrel of Brent for April delivery remains with weekly closing levels similar to the previous trading day at $ 44.71 a barrel compared to $ 44.80 per barrel which closed the previous week.
Its counterpart, the barrel of West Texas Intermediate for April delivery also maintains similar levels to last week, although over a week has come to touch the $ 48, finally closing at $ 45.73.
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It seems that the Euro regains strength and evaluated against the dollar, reaching a change of $ 1.29 per euro traded, probably due to a lower aversion to risky assets in the U.S. before a rising share price and the publication of financial figures better than expected.
Other changes of exchange here .
European and American markets have seen this, a week of hope and return of money from investors, who seem to wonder if you have already touched ground. The better economic figures than expected especially in the financial sector have enabled the major indices make a recovery week on falls in the preceding weeks.
In turn, the IBEX 35 (main benchmark of the Spanish market) back 7.07%, the biggest gain of the year (increase not seen since 4 months), recapturing the 7427.8 points after hitting a ground in the same week on 6,800 points.
The highest increases of the week the head of the banking sector by improving economic news which predict that the worst for this sector has already been passed. In any case, investors remain cautious until we see how the sector begins to consolidate gains.
The Dow Jones also does a weekly gain of 9% rise in most years, reaching 7223.98 points.
