13 August 2010

Financial Market Team update (English, 13 Aug 2010)

Since last Friday, stocks around the globe have fallen by about 4%. The next figures represent changes since last Friday. The DJIA fell 3.3%; the S&P, 3.8%. In Europe, UK's FTSE 100 fell 1.1% while the German DAX fell 2.4%. In Asia Japan's Nikkei 225 fell 4% while Hong Kong's Hang Seng fell 2.8%. In Latin America Mexico's IPC fell 2.5% and Brazil's Bovespa fell 2.7%.

The yen and the euro weakened against the dollar.

The European Central Bank revealed today that the number of Spanish banks that borrowed from the ECB grew in July. Investors are being driven to German bonds. German 10-year Bund yields are at 2.39%, their all-time low. US 10-year Treasury yields are also lower, at 2.68%.

(Read more about financial markets in this FT article $)

Patrick Signoret and Georgina Lara

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