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- Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
- Friday, 16 October 2009 11:44:15 GMT Canada's Consumer Prices Decline for 4th Month; Leaving BOC on Hold
- Friday, 16 October 2009 07:52:07 GMT Swiss Retail Sales Indicate Slow Economic Growth
- Friday, 16 October 2009 07:10:05 GMT Oil Retains Momentum into Week-End, Metals Vulnerable to Further Downside
- Friday, 16 October 2009 04:57:15 GMT Antipodean Star Still Shines for Now (Opening Comment)
- Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
- Thursday, 15 October 2009 18:27:04 GMT A Drop in Gas Inventories Extends Crude Oil's Rally to a Sixth Session
- Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
- Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
- Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
- Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
- Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
- Thursday, 15 October 2009 05:24:16 GMT Euro Set to Test 1.5000 (Opening Comment)
- Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
- Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
- Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
- Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
Euro-Zone interbank rates have risen again as the public bailout of Fortis bank and liquidity problems at Germany's Hypo Real Estate add to concerns about the stability of the banking system. The ECB has announced yet another special refi tender but while the aggressive liquidity add is helping overnight rates to stabilise, longer term interbank rates remain very high. The o-n interbank rate is currently at around 4.33%, up from an average rate (EONIA) of 4.028% last Friday and above the main refi rate of 4.25%. The 3 months rate is currently at 5.19%, nearly a full 100 points above the refi rate and up from a fixing of 5.142% last Friday. Meanwhile, the U.K. Treasury has made funds available through the financial service compensation scheme for B&B depositors. The Treasury announced this morning that it has made approximately Gbp 14 bln available for retail deposits held in Brandford & Bingley and covered by the FSCS, to be transferred to Abbey Santander. Banco Santander has acquired B&B's deposit and branch operations, to be incorporated into Abbay, while B&B's mortgage book is to be nationalised, with Chancellor Darling set to announce the details of the deal at 8.00GMT. The downturn in the European financial market has certainly weighed on the currencies as the euro-dollar (EURUSD) slipped under 1.44, while the pound-dollar broke below 1.8150.
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