|
"As far as I am concerned, the stock market doesn't exist. It is only there as a reference to see if anybody is offering
to do anything foolish." - Warren Buffett
FOREX MARKET
As we forecasted in Friday's report, the EUR/USD tested the 1.1930/50 zone due to positive surprise induced by the
Euro Zone Industrial Production for December which rose to +0.1% vs. 0.0% expected and +2.5% y/y vs. +1.9%
expected, while the US University of Michigan Confidence dropped sharply to 87.4 vs. 91.0 expected.. US Producer
Price Index for January out at 0.3% vs. 0.2% expected and 0.4% less Food and Energy vs. 0.2% expected. The US
markets are closed today for President's Day. Today we have the speech of Trichet and it is possible this could
enforce the European currency, especially if his rhetoric turns out more hawkish than the market is expecting. The
FOMC minutes from January 31st meeting will be released tomorrow. The EUR/USD took out the first resistance at
1.1930/50 on Friday suggesting further risk of upside to the 1.2000 zone.
The domestic currency rallied on Friday from 3.5190 to 3.5030 the most, due to NBR's commitment to hold open
market operations every Monday which stirred the appetite of speculators. However we do not expect that the NBR
would withdrew more then 60-70% of the whole offer, as lately the RON has known steep appreciation which could
harm seriously the Foreign Trade Balance even more unless it is not tempered by prudent monetary measures. The
pair seems dead-locked in the 3.5030/50 zone around noon, as the market is waiting for the depo results.
MONEY MARKET
The ON interest rates moved a bit higher to 6-8% area on Monday. The commitment of the Central Bank to increase
the effective rates determined the commercial banks to raise the yields offered to their clients.
Finansbank has raised the interest rates for the RON deposits by 1 percentage point on February 16th, offering one
of the most attractive yields on the Romanian money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5085 |
-0.0170 |
-4.94% |
-4.35% |
|
USD/RON |
2.9539 |
-0.0161 |
-5.20% |
-4.58% |
|
GBP/RON |
5.1316 |
-0.0189 |
-4.27% |
-3.76% |
|
CHF/RON |
2 2474 |
-0.0156 |
-5.08% |
-4.48% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.06% |
6.66% |
6.46% |
6.31% |
|
BUBOR |
6.53% |
8.51% |
8.56% |
8.38% |
|
LIBOR (EUR) |
2.35% |
2.47% |
2.72% |
2.89% |
|
LIBOR (USD) |
4.54% |
4.57% |
4.94% |
5.10% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,200.94 |
0.70% |
|
BET-C |
4,808.94 |
0.57% |
|
BET-FI |
51,575.96 |
0.27% |
|
RASDAQC |
1,773.35 |
0.21% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.00 |
0.09% |
3.38 |
|
02-Jul-10 |
5.75% |
108.05 |
0.06% |
3.70 |
|
06-May-12 |
6.50% |
125.60 |
0.18% |
3.78 |
|
22-Jun-15 |
4.125% |
98.74 |
0.27% |
4.28 |
|
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 |
1,287.24 |
-0.17% |
1,176.84 |
1,294.18 |
|
DJI |
11,115.32 |
-0.05% |
10,858.62 |
11,120.68 |
|
NASDAQ |
2,282.36 |
-0.53% |
2,239.81 |
2,331.36 |
|
XETRADAX |
5,795.48 |
0.11% |
5,621.91 |
5,789.25 |
|
NIKKEI 225 |
15,437.93 |
-1.75% |
11,565.99 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1959 |
0.65% |
|
GBP/USD |
1.7444 |
0.46% |
|
USD/CHF |
1.3066 |
-0.50% |
|
USD/SEK |
7.8266 |
-0.98% |
|
USD/JPY |
118.11 |
0.20% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1850 |
Res. 1 |
1.1970 |
|
Sup. 2 |
1.1800 |
Res. 2 |
1.2020 |
|
Sup. 3 |
1.1720 |
Res. 3 |
1.2050 |
|
Sup. 4 |
1.1700 |
Res. 4 |
1.2110 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
553.6 |
1.53% |
|
SILVER |
9.51 |
1.60% |
|
OIL (BRENT) |
57.9 |
3.26% |
|
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 |
2.00% |
6.5% |
7.0% |
7.0% |
7.0% |
7.50% |
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.