|
"If you can find a company that can get away with raising prices year after year without losing customers (an
addictive product such as cigarettes fits the bill), you've got a terrific investment." - Peter Lynch
FOREX MARKET
The USD depreciated on Monday after the disappointing US ISM non-manufacturing figures, with
EUR/USD trading above 1.1800 briefly. The weak USD move here is beginning to look fairly convincing in
the broader picture here, in case the Fed decided to put a halt in the rally in US yields. Today, the EUR/USD
ranged in the 1.1770-1.1800 area, however we expect the exchange rate to break even higher. We set the first
resistance level at 1.1830 and the support at 1.1760.
The domestic currency began the week in force, as there could be noticed a slight tendency of appreciation
against the euro. The EUR/RON climbed until 3.6610, the highest, when the selling orders made their
appearance in the trading session, taking the exchange rate down to 3.6410. On Tuesday, the local forex
market opened at 3.6450, the exchange rate dropped slightly above the 3.6400. The enforcement of the Ron
could have been determined by the increase in the interest rate for the short term tenors due to NBR's open
market operations. For the time being, the domestic placements are more convenient than the ones in hard
currencies on the inter-bank market, so some of the commercial banks might have sold some of their forex
surpluses.
MONEY MARKET
The situation on the money market seems to have stabilized, as the ON interest rates remained in the 6-8%
area, although the NBR did not organize any depo auction lately.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Date(%) |
Annualized |
|
|
EUR/RON |
3.6548 |
-0.0066 |
-7.85% |
-8.41% |
|
USD/RON |
3.1231 |
-0.0032 |
7.55% |
8.13% |
|
GBP/RON |
5.4065 |
0.0030 |
-3.64% |
-3.90% |
|
CHF/RON |
2 3665 |
-0.0049 |
-7.93% |
-8.49% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.00% |
5.38% |
4.94% |
4.97% |
|
BUBOR |
7.63% |
7.54% |
7.31% |
7.25% |
|
LIBOR (EUR) |
1.88% |
2.40% |
2.55% |
2.71% |
|
LIBOR (USD) |
4.04% |
4.33% |
4.64% |
4.86% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
6,666.14 |
-1.11% |
|
BET-C |
3,973.84 |
-0.76% |
|
BET-FI |
45,317.52 |
-1.38% |
|
RASDAQC |
1,766.07 |
-0.23% |
|
Romanian Bonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
117.83 |
-0.07% |
3.20 |
|
02-Jul-10 |
5.75% |
109.42 |
0.11% |
3.47 |
|
06-May-12 |
6.50% |
126.93 |
-0.04% |
3.69 |
|
22-Jun-15 |
4.125% |
99.88 |
0.01% |
3.79 |
|
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 |
-0.24% |
1,143.22 |
1,268.25 |
|
DJI |
10,835.01 |
-0.39% |
10,877.51 |
10,931.62 |
|
NASDAQ |
2,257.64 |
-0.69% |
2,056.00 |
2,273.37 |
|
XETRADAX |
5,266.86 |
-0.77% |
2,090.75 |
5,307.99 |
|
NIKKEI 225 |
15,423.38 |
-0.82% |
10,825.39 |
15,551.31 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1783 |
0.75% |
|
GBP/USD |
1.7421 |
0.69% |
|
USD/CHF |
1.3084 |
-0.90% |
|
USD/SEK |
8.0057 |
-0.41% |
|
USD/JPY |
121.01 |
-0.21% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1740 |
Res. 1 |
1.1800 |
|
Sup. 2 |
1.1640 |
Res. 2 |
1.1870 |
|
Sup. 3 |
1.1600 |
Res. 3 |
1.1900 |
|
Sup. 4 |
1.1550 |
Res. 4 |
1.1920 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
507.75 |
0.33% |
|
SILVER |
8.63 |
0.23% |
|
OIL (BRENT) |
54.84 |
1.56% |
|
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.