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FINANS DAILY |
TREASURY DIVISION
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November 3, 2005 |
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"Give me the luxuries of life and I will gladly do without the necessities." - Frank Lloyd Wright
FOREX MARKET
On Wednesday, the euro firmed by 100 pips, since the early trading levels to 1.2080, the highest as the Trichet
rhetoric is up today and the market is anticipating un upside potential for the euro interest rates in his speech.
According to a major survey made on the Euro Zone, the service sector business increased in October at the
fastest pace in the last 15 months, adding more pressure on the ECB (European Central Bank) to hike the
interest rates from historic lows. For today, we expect an upside pressure for the euro which is likely to climb
as high as 1.2140, if Trichet confirms the expectations of the market.
On the local forex market, the euro depreciated from 3.6550 to 3.6430, as the selling orders prevailed
yesterday's the trade. On Thursday, the market opened at 3.6480, however until noon it recovered slightly to
3.6520-3.6540. Although, the Ron firmed against the euro, dealers expect that the hike of the euro will
continue in the coming weeks, as there is the period when importers are very active.
MONEY MARKET
On November 3rd, the National Bank finally decided to make its entry on the money market and sterilize some
of the Ron surplus. As soon as the auction was announced, the ON interest rates spurred to 2-5%, however
after it ended, the yields went back to 1-2%, however slightly improved. The NBR withdrew EUR 3bln,
representing 17.78% of the overall offer of the commercial banks, paying an interest rate of 7.5%.
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Domestic Markets Foreign Exchange Rates
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| �
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NBR
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Daily Change
|
Year to Date(%)
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Annualized
|
|
EUR/RON
|
3.6560
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-0.0034
|
-7.82%
|
-9.23%
|
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USD/RON
|
3.0420
|
-0.0057
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4.85%
|
5.79%
|
|
GBP/RON
|
5.3729
|
-0.0205
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-4.24%
|
-5.02%
|
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CHF/RON
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2.3683
|
0.0015
|
-7.86%
|
-9.27%
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Interbank Market Interest Rates (%) |
| �
|
ON
|
1M
|
6M
|
12M
|
|
BUBID
|
0.68%
|
1.63%
|
2.81%
|
3.09%
|
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BUBOR
|
2.09%
|
5.25%
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6.69%
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6.88%
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LIBOR (EUR)
|
2.08%
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2.12%
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2.38%
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2.57%
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LIBOR (USD)
|
4.05%
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4.09%
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4.49%
|
4.75%
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Romanian Equities |
| �
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Last
|
Daily (%)
|
|
BET
|
6,298.00
|
1.35%
|
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BET-C
|
3,758.82
|
1.11%
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BET-FI
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38,570.47
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3.58%
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RASDAQC
|
1,719.17
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0.65%
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Romanian Bonds
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|
Maturity
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Cupon
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Price
|
Daily (%)
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Yield
|
|
10-Nov-05
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11.50%
|
99.85
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-0.02%
|
34.93
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27-Jun-08
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10.63%
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118.32
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0.08%
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3.23
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02-Jul-10
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5.75%
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108.98
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-0.27%
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3.61
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06-May-12
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6.50%
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126.47
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-0.24%
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3.81
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22-Jun-15
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4.125%
|
97.49
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-0.40%
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4.45
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Romanian State Government Bonds and T-Bills
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|
Latest issues
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Auction Date
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Issue Date
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Maturity Date
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Avg. Yield
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|
RO0508DBNI22
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01 August 2005
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03 August 2005
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03 August 2008
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7.60%
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RO0510DBNI36
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08 August 2005
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10 August 2005
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10 August 2010
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7.48%
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RO0515DBN143
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15 August 2005
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17 August 2005
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17 August 2015
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7.49%
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RO0508DBN155
|
15 September 2005
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19 September 2005
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19 September 2008
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7.60%
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RO0505CTN031
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20 September 2005
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22 September 2005
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22 December 2005
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5.33%
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International Equities
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| �
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Last
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Daily Change
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Year Low
|
Year High
|
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S&P500
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1,151.74
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1.00%
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1,137.50
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1,245.04
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DJI
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10,472.73
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0.63%
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10,229.95
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10,440.07
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NASDAQ
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2,144.31
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1.43%
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2,037.47
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2,160.35
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XETRADAX
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4,954.83
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0.66%
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4,808.16
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5,138.02
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NIKKEI 225
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13,894.78
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0.00%
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10,825.39
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13,894.78
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International Market Exchange Rates
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CURRENCY
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Latest
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Daily Change
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EUR/USD
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1.2060
|
0.26%
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GBP/USD
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1.7730
|
0.36%
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USD/CHF
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1.2794
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-0.51%
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USD/SEK
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7.9740
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0.01%
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USD/JPY
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116.91
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0.10%
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EUR/USD trading rate
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|
Support
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�
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Resistance |
�
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|
Sup. 1
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1.1970
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Res. 1
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1.2100
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Sup. 2
|
1.1920
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Res. 2
|
1.2170
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Sup. 3
|
1.1870
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Res. 3
|
1.2200
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Sup. 4
|
1.1800
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Res. 4
|
1.2250
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Commodities
|
| �
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Latest
|
Daily ( %)
|
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GOLD
|
463.9
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0.61%
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SILVER
|
7.52
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0.94%
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OIL (BRENT)
|
59.12
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3.21%
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Interest Rates for Time Deposits of Finansbank (Romania) SA
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| �
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1WK
|
1M
|
3M
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6M
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9M
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12M
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Minimum Amount
|
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USD
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0.50%
|
3.00%
|
3.50%
|
4.25%
|
4.25%
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4.50%
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USD 1,000
|
|
EUR
|
0.50%
|
3.00%
|
3.50%
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4.00%
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4.25%
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4.25%
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EUR 1,000
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|
RON
|
0.50%
|
4.0%
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4.5%
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5.0%
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5.0%
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5.50%
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RON 2,000
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Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
Disclaimer: This report does not represent an investment advice and should not be construed as a recommendation to invest in any kind of investment vehicle. The information in the report is based on sources available to the public and believed to be reliable, and there is no claim that is accurate or complete. Thereafter this information can be changed without notice.
Publicat de FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un sfat sau recomandare de a investi in nici un tip de instrument. Informatiile care stau la baza acestui raport zilnic au o sursa publica, considerata sigura insa, nu sustinem ca este completa. Astfel ca informatiile publicate mai sus se pot schimba fara un anunt prealabil.
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