|
"Buy land. They're not making it any more." - Mark Twain
FOREX MARKET
Although lately the NBR has stated that it favors higher RON interest rates, the signals have failed so far to
offer support to the local currency and subsequently to the current disinflation process. On Friday the
EUR/RON market opened at 3.6330, briefly descended below 3.63 to make a bottom at 3.6280 and in the after
noon strong buying took the pair to 3.6430-3.6440. The day closed at 3.6400. Today the Euro has been valued
at 3.6400-3.6420 for most of the day. The European currency is well supported so far at 3.64.
The Euro climbed on Friday to two-week highs against the dollar as Jean-Claude Trichet, the head of the
European Central Bank, said that the ECB is ready to raise the interest rate for the Euro. The statement comes
after the Euro-zone inflation has recently outpaced the 2% inflation target of the Central Bank. The EUR/USD
jumped in one hour from below 1.1700 to 1.1790. The rate then hit the 1.1700 support again and the stabilized
at 1.1760. Today the Euro, passed the 1.1800 resistance and looks set to test 1.1870 in the short run.
MONEY MARKET
Yields for O/N RON deposits remain at 1.5% on todays inter-bank money market. Although the bids on the
market look stronger than in the last days, interest rates both on the inter-bank and the clients markets remain
low as bankers are waiting for the Central Bank to show more commitment towards sterilizing the RON
surplus.
|
Domestic Markets Foreign Exchange Rates |
||||
| � |
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
EUR/RON |
3.6390 |
0.0080 |
-8.25% |
-9.22% |
|
USD/RON |
3.1150 |
0.0045 |
7.01% |
7.91% |
|
GBP/RON |
5.3342 |
-0.0094 |
-4.93% |
-5.52% |
|
CHF/RON |
2.3518 |
0.0032 |
-8.50% |
-9.50% |
|
Interbank Market Interest Rates (%) |
||||
| � |
ON |
1M |
6M |
12M |
|
BUBID |
1.48% |
3.28% |
3.69% |
3.75% |
|
BUBOR |
3.38% |
6.75% |
7.06% |
7.09% |
|
LIBOR (EUR) |
2.09% |
2.20% |
2.50% |
2.69% |
|
LIBOR (USD) |
4.02% |
4.16% |
4.57% |
4.78% |
Romanian Equities |
||
| � |
Last |
Daily (%) |
|
BET |
6,478.33 |
1.19% |
|
BET-C |
3,846.55 |
0.85% |
|
BET-FI |
40,228.42 |
1.71% |
|
RASDAQC |
1,758.81 |
0.81% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.82 |
-0.20% |
3.31 |
|
02-Jul-10 |
5.75% |
108.48 |
-0.60% |
3.70 |
|
06-May-12 |
6.50% |
125.61 |
-0.87% |
3.92 |
|
22-Jun-15 |
4.125% |
96.75 |
-1.10% |
4.54 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
RO0510DBNI36 |
08 August 2005 |
10 August 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 August 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19 September 2005 |
19 September 2008 |
7.60% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
| � |
Last |
Daily Change |
Year Low |
Year High |
|
S&P500 |
1,151.74 |
0.44% |
1,137.50 |
1,245.04 |
|
DJI |
10,766.33 |
0.43% |
10,546.21 |
10,720.22 |
|
NASDAQ |
2,227.07 |
0.30% |
2,037.47 |
2,220.46 |
|
XETRADAX |
5,135.08 |
-0.15% |
2,090.75 |
5,142.54 |
|
NIKKEI 225 |
14,680.43 |
0.39% |
10,825.39 |
14,623.12 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1812 |
0.91% |
|
GBP/USD |
1.7193 |
0.36% |
|
USD/CHF |
1.3113 |
-0.83% |
|
USD/SEK |
8.1189 |
-0.97% |
|
USD/JPY |
118.93 |
-0.32% |
|
EUR/USD trading rate |
|||
|
Support |
� |
Resistance |
� |
|
Sup. 1 |
1.1700 |
Res.1 |
1.1870 |
|
Sup. 2 |
1.1640 |
Res. 2 |
1.1900 |
|
Sup. 3 |
1.1600 |
Res. 3 |
1.1950 |
|
Sup. 4 |
1.1550 |
Res. 4 |
1.2000 |
|
Commodities |
||
| � |
Latest |
Daily (%) |
|
GOLD |
488.75 |
0.33% |
|
SILVER |
8.12 |
-0.12% |
|
OIL (BRENT) |
52.13 |
-2.32% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
| � |
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
USD |
0.50% |
3.00% |
3.50% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.00% |
3.50% |
4.00% |
4.25% |
4.25% |
EUR 1,000 |
|
RON |
0.50% |
4.0% |
4.5% |
5.0% |
5.0% |
5.50% |
RON 2,000 |
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.