|
"When your neighbour loses his job, it's a slowdown; when you lose your job, it's recession; when an
economist loses his job, it's a depression." - anonim
FOREX MARKET
It seems that the European currency is losing support lately, as the German CPI figures for November were strongly negative at -0.5% in yesterday's readings. The pair survived a test of lower support on Thursday
below 1.1780, and remains supported in the short-term, even if the medium term picture shows strong
resistance in the 1.1900 zone. That last area needs to fall if we are to see a strong reversal higher, while a fall
through 1.1730 would destroy any short-term hopes of a further rally and have us focusing on the bottom of
the range again at 1.1640 and possibly beyond. Today, by noon, the exchange rate fell back in the 1.1750
area.
On November 24th, the Romanian currency gained around 200 pips due to the depo auction organized by the
NBR, however as soon as the commercial banks submitted their offers, the EUR/RON recovered to the
3.6620 level, as it was before the announcement. On Friday, the EUR/RON is traded at 3.6600, which seems
well offered as the pair ranged no more than 50 pips around this level. However the interest of the players for
the euro remained high, so we expect that the pair would reach 3.6700 by the end of the trade.
MONEY MARKET
The National Bank withdrew RON 3bln through its one-month tenor deposit auction on November 24th, at a fixed rate of 7.5%. NBR managed to reduce the liquidity on the domestic money market, as the allotment percentage stood at 70.23% of the overall offer of the banks. Therefore, the interest rates for the ON deposits moved upwards in the 3-6% area on Friday.
|
Domestic Markets Foreign Exchange Rates |
||||
| � |
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
EUR/RON |
3.6524 |
-0.0110 |
-7.91% |
-8.74% |
|
USD/RON |
3.0939 |
-0.0098 |
6.78% |
7.55% |
|
GBP/RON |
5.3437 |
-0.0090 |
-4.76% |
-5.27% |
|
CHF/RON |
2 3549 |
-0.0100 |
-8.38% |
-9.25% |
|
Interbank Market Interest Rates (%) |
||||
| � |
ON |
1M |
6M |
12M |
|
BUBID |
1.48% |
3.34% |
3.78% |
3.78% |
|
BUBOR |
3.75% |
6.88% |
7.19% |
7.09% |
|
LIBOR (EUR) |
2.17% |
2.33% |
2.57% |
2.73% |
|
LIBOR (USD) |
4.07% |
4.20% |
4.57% |
4.74% |
|
Romanian Equities |
||
| � |
Last |
Daily (%) |
|
BET |
6,620.13 |
1.26% |
|
BET-C |
3,939.37 |
1.16% |
|
BET-FI |
43,255.66 |
1.34% |
|
RASDAQC |
1,767.07 |
0.21% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
118.07 |
0.08% |
3.18 |
|
02-Jul-10 |
5.75% |
109.28 |
0.23% |
3.51 |
|
06-May-12 |
6.50% |
126.60 |
0.09% |
3.73 |
|
22-Jun-15 |
4.125% |
97.79 |
0.51% |
4.41 |
|
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 |
0.00% |
1,137.50 |
1,261.23 |
|
DJI |
10,916.09 |
0.00% |
10,674.76 |
10,916.09 |
|
NASDAQ |
2,259.98 |
0.00% |
2,037.47 |
2,259.98 |
|
XETRADAX |
5,187.98 |
-0.16% |
2,090.75 |
5,196.08 |
|
NIKKEI 225 |
14,784.29 |
0.28% |
10,825.39 |
14,742.58 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1749 |
-0.44% |
|
GBP/USD |
1.7191 |
-0.21% |
|
USD/CHF |
1.3191 |
0.44% |
|
USD/SEK |
8.0781 |
0.35% |
|
USD/JPY |
119.20 |
0.35% |
|
EUR/USD trading rate |
|||
|
Support |
� |
Resistance |
� |
|
Sup. 1 |
1.1700 |
Res. 1 |
1.1820 |
|
Sup. 2 |
1.1680 |
Res. 2 |
1.1870 |
|
Sup. 3 |
1.1640 |
Res. 3 |
1.1920 |
|
Sup. 4 |
1.1600 |
Res. 4 |
1.1980 |
|
Commodities |
||
| � |
Latest |
Daily (%) |
|
GOLD |
495 |
0.35% |
|
SILVER |
8.17 |
0.37% |
|
OIL (BRENT) |
52.35 |
-0.61% |
|
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.