LEF été ETUDE 2010-EN

zzzEconomic and Financial Newsletter Summer 2010 Main stock indices since mid-2007 Change Since 30/09/2010 10Y high Date Quarterly. end 12031/12/2007=1002009 100DJIA 10,788.1 14,164.5 09/10/07 10.4% 3.5% S&P 500 1,141.2 1,565.2 09/10/07 10.7% 2.3% 80NASDAQ 2,368.6 3,523.1 04/10/00 12.3% 4.4% 60CAC 40 3,715.2 6,409.1 01/11/00 7.9% -5.6% 40DAX 30 6,229.0 8,105.7 16/07/07 4.4% 4.6% S&P 500 COMPOSITE20 DJ EURO STOXX 50FTSE 100 5,548.6 6,732.4 15/06/07 12.8% 2.5% NIKKEI 2250FTSE MIB 20,505.2 48,437.1 15/11/00 6.2% -11.8% DJ Euro STOXX 50 2,747.9 5,101.4 03/11/00 6.8% -7.3% Last observation : 01/10/2010 NIKKEI 225 9,369.4 18,262.0 09/07/07 -0.1% -11.2% 30/09/10 30/06/10 31/12/09 30/09/09 Key rates (%) Monetary policy: key interest rates (%) USA 0.25 0.25 0.25 0.25 7%US UK Japan Euro AreaEuro Area 1.00 1.00 1.00 1.00 6Money market rates (%) 5Fed Funds 0.15 0.09 0.05 0.07 EONIA 0.88 0.54 0.41 0.53 43 M Euribor 0.89 0.77 0.70 0.75 3Long-term interest rate (%) US T-Bond 10 ans 2.50 2.94 3.84 3.30 2CNO-TEC 10 2.65 3.05 3.58 3.52 1Exchange rates USD/EUR 1.37 1.22 1.43 1.46 02004 2005 2006 2007 2008 2009 2010EUR/GBP 1.15 1.1.13 1.09 Last observation : 01/10/2010 JPY/USD 83.54 88.49 93.10 89.54 Contents Economic situation and financial markets ...................................................................................................................... p. 2 Risques – Bond Insurance Industry: ...