The euribor breaks the upward tendency of last months
28.08.2008
Almost safely, the Euribor is going to finish in August approximately seven tenths below the July level, with what it would be located in the level of 5,32 % opposite to 5,393 % of the previous month. Of confirming to him this fact, the Euribor might interrupt the upward tendency of last five months.
The analysts of the sector suppose that the fall in August might be an indicator of the behavior until December, but they indicate that the tensions continue on the credit market, for what completely new upturns cannot discard. Of all you form, they highlight that if they take place, they will be lighter than till now.
The Euribor there are repuntado approximately 0,727 points since it was arising the crisis of the mortgages "suboccupies first place" or of high risk in the United States in August of last year, since then it was located in 4,666 %, and it has overcome for two consecutive months his previous maximum one, marked in August, 2000 (5,248 %).
The financial analysts foresee that the Euribor will close in 2008 lightly over 5 %, several tenths below the current valuation, although they underline that it will not leave this medium-term level.
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