Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts
Euro, sterling Libor down
Interbank money market tensions eased slightly on Monday after HSBCs offer to sell stock to existing shareholders drew strong demand, giving financials an early boost. But the rally lost steam as the session progressed, after US and European stocks and banking shares went into reverse, demonstrating that the problems in the financial sector remain deep-rooted and far from resolved.
Tuesday, April 7, 2009
Three-month dollar, euro, sterling interbank rates slip
Interbank lending rates for three-month euro, dollar and sterling funds eased on Monday, as bets that the worst of the financial market crisis may be over suggested banks may be more willing to lend. Japan said it would spend at least $100 billion more to boost its economy, while global equities and commodities extended last weeks rebound.
Dollar, euro, sterling Libor all lower
The cost of borrowing euro funds on the interbank market fell on Thursday as traders priced in an expected interest rate cut from the European Central Bank and braced for potential unconventional policy measures. Bank-to-bank dollar and sterling borrowing costs also fell as risk appetite across financial markets on the second day of the new quarter rose, with banks among the big winners in a broad equity rally and oil up over 6 percent.
Friday, April 3, 2009
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