Corporate currency exchange update, confidence that Europe will contain debt crisis

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 25, 2012 -- Equity Indices:
Europe: Stocks across Europe surged as stocks rose for a fifth straight week. Investors jumped into higher risk assets as signs that the U.S. economy is recovering. Confidence was also bolstered by speculation that Europe will contain its debt crisis and China will reduce curbs on lending. China’s economy expanded in the fourth quarter at its slowest pace since 2008 and investors are speculating that the slowdown will put pressure on Chinese Premier to ease monetary policy.

FTSE: The FTSE fell 12.60 points or 0.22% at 5,728.55.

US: Stocks in the U.S. rose on Friday with some indices gaining for three-consecutive weeks. Claims for jobless benefits helped investor confidence as benefits dropped to the lowest level since 2008 and confidence among homebuilders topped analyst’s forecasts. Earnings from large U.S. corporations also enjoyed solid profits and also seen beating analysts forecasts. The Dow Jones added 96.5 points to end last week at 12,720.48, the S&P 500 advanced 0.88 points to close at 1,315.38, and the NASDAQ was 1.63 points lower at 2,786.70.

Currencies:
Euro: The Euro fell on Friday as Greek officials and private creditors struggled to reach an agreement on a proposed debt swap.

GBP: The pound rebounded on Friday versus the Euro and the U.S. Dollar as retail sales figures released last week should a rebound for the month of December. The Pound gained for the first time in four days versus the Euro as concerns that Greece will fail to reach an agreement with its creditors.

Equity Indices: 20/01/12 Closing Prices

FTSE 5728.55 -12.60 -0.22%

DJI 12720.50 +96.50 +0.76%
S&P 500 1315.38 +0.88 +0.07%
NASDAQ 2786.70 -1.63 -0.06%
NIKKEI 8765.90 -0.46 -0.01%
HANG SANG 20110.40 +167.42 +0.84%
BBA Libor: (Fixed 20/01/12)

Period GBP EUR USD
ON 0.57500 0.28429 0.14430
SW 0.62688 0.37714 0.19770
2W 0.65688 0.45586 0.23100
1M 0.77788 0.71571 0.27730
2M 0.88900 0.90000 0.40870
3M 1.08956 1.12571 0.56110
6M 1.39313 1.42643 0.79175
9M 1.65719 1.61500 0.94505
12M 1.89081 1.77786 1.10995

Economic Data: (Monday 23/01/12)
No economic data.

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