2007
|
|
October |
9 |
Dow
Jones index for New
York stock exchange marks
up all-time record (14,164.5), a rise of 13.7% compared with end of 2006. |
| |
19 |
European
Council agrees to adopt the Treaty
of Lisbon in place of the
European Constitution. |
| |
31 |
Federal
Reserve cuts reference rate
to 4.50%. |
| November
|
8 |
IBEX
35 index for Spanish
stock market marks up all-time
high (15,945.7) with cumulative gains
of 12.7% compared with end of December
2006. |
| December
|
11 |
Federal
Reserve cuts reference rate
to 4.25%. |
| |
13 |
Central
banks in United States, Euro Area, United Kingdom, Switzerland and Canada announce
plan for coordinated
measures to relieve difficulties in monetary markets
brought about by financial upsets.
|
2008
|
|
January
|
1 |
Further
enlargement of Euro
Area with entry of Cyprus
and Malta, making 15 member states. |
| |
22 |
Federal
Reserve reduces reference
rate to 3.50%. |
| |
30 |
Federal
Reserve reduces reference
rate to 3.00%. |
| March
|
9 |
Spanish
Socialist Workers Party wins general
elections. |
| |
18 |
Federal
Reserve cuts reference rate
to 2.25%. |
| April
|
18 |
Government
approves a Plan for
measures to stimulate the economy. |
| |
30 |
Federal
Reserve reduces reference
rate to 2.00%. |
| July |
3 |
European
Central Bank raises official
rate to 4.25%. |
| |
11 |
One-month
forward price of Brent
quality oil
goes up to all-time high of 146.6 dollars a barrel. |
| |
15 |
Euro
exchange rate hits 1.599
dollars, highest value since launching of European Single Currency at beginning
of 1999. |
| August
|
14 |
Government
puts into effect its programme
of 24 economic measures
for 2008 and 2009. |
| September
|
19 |
US
government presents bailout
plan for country’s banking system amounting
to 700 billion dollars. |
| October |
7 |
Spanish
government announces creation of fund
for purchase of financial assets
of financial institutions up to maximum of 50 billion euros and raises guarantee
on deposits and investments to 100,000 euros. |
| |
8 |
European
Central Bank, Federal
Reserve and Bank
of England cut official
interest rates by 50 basis points in joint move with other central banks. |
| |
12 |
Euro
Area countries agree on joint
action to strengthen financial
system up to end of 2009. |
| |
13 |
Government
authorizes granting of government
guarantees up to 100 billion
euros in 2008 on new financial transactions of financial institutions with possible
extension to 2009. |
| |
27 |
Dow
Jones index for New
York stock exchange records
lowest level (8,175.8) since 2003. |
| |
28 |
IBEX
35 index for Spanish
stock exchange marks up
lowest level (7,905.4) since 2004. Price of Brent quality oil
drops to lowest level (60.84 dollars a barrel) since March 2007. |
| |
29 |
Federal
Reserve cuts reference rate
to 1.00%.
|
