|
"The man who can master his time can master nearly anything." - Sir Winston Churchill
FOREX MARKET
On March 13th, the EUR/USD remained in the 1.1900-1.1970 range as there were no important data. Today
with both German ZEW data, US Q4 Current Account and February's retail sales on tape. We might see some
poor Retail sales data for February because of the bad weather conditions. We favour further upside potential
for the EUR in the short run, as some players started to fear a possible pause in Fed's hiking regime.
The Romanian currency continues to weaken lately, as the foreign speculators seem to loose interest for the
emerging countries. Therefore the EUR surged from 3.4990 to 3.5110, the highest, on Monday. The
downwards path widened further today, as the opening bids stood at 3.5100, but the quotes soared until 3.5280
until noon. The latest bearish trend of the Romanian equity market might have put downwards pressure on the
RON, as most of the foreign inflows were oriented towards the BSE due to higher returns as compared to the
interest rates. We expect that the pair would be traded in the 3.5200-3.5400 in the next days.
MONEY MARKET
The National Bank drained RON 5bln from the interbank market through the 1M depo auction on Monday.
Although NBR sterilized a substantial amount, the ON interest rates slipped shortly after the announcement by
200 bps to 5.5-7.5% zone, as the allotment percentage reached 81% of the overall offer. The overnight yields
remained flat on Tuesday, as the liquidity maintains at high levels.
Starting March 9th, Finansbank has hiked the interest rates for the domestic currency deposits, offering
probably one of the best yields in the market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5080 |
0.0072 |
-4.95% |
-4.14% |
|
USD/RON |
2.9409 |
0.0046 |
-5.62% |
-4.71% |
|
GBP/RON |
5.0774 |
-0.0239 |
-5.28% |
-4.42% |
|
CHF/RON |
2.2341 |
-0.0005 |
-5.23% |
-4.38% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.29% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
7.01% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.59% |
2.63% |
2.84% |
3.08% |
|
LIBOR (USD) |
4.54% |
4.74% |
5.07% |
5.23% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,559.29 |
0.03% |
|
BET-C |
4,511.72 |
0.08% |
|
BET-FI |
45,691.85 |
0.51% |
|
RASDAQC |
1,720.71 |
0.03% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.86 |
-0.05% |
3.69 |
|
02-Jul-10 |
5.75% |
107.00 |
-0.18% |
3.94 |
|
06-May-12 |
6.50% |
124.20 |
-0.07% |
3.97 |
|
22-Jun-15 |
4.125% |
96.71 |
-0.09% |
4.55 |
|
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% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,284.13 |
0.20% |
1,176.84 |
1,294.18 |
|
DJI |
11,076.02 |
0.00% |
10,958.59 |
11,097.55 |
|
NASDAQ |
2,267.03 |
0.22% |
2,239.81 |
2,314.64 |
|
XETRADAX |
5,855.16 |
0.87% |
5,673.36 |
5,915.15 |
|
NIKKEI 225 |
16,238.36 |
-0.75% |
11,766.48 |
16,747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.1977 |
0.23% |
|
GBP/USD |
1.7352 |
0.42% |
|
USD/CHF |
1.3088 |
-0.45% |
|
USD/SEK |
7.8334 |
-0.22% |
|
USD/JPY |
118.55 |
-0.27% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.1860 |
Res. 1 |
1.1980 |
|
Sup. 2 |
1.1830 |
Res. 2 |
1.2020 |
|
Sup. 3 |
1.1775 |
Res. 3 |
1.2110 |
|
Sup. 4 |
1.1640 |
Res. 4 |
1.2180 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
543.1 |
-0.04% |
|
SILVER |
10.08 |
1.41% |
|
OIL (BRENT) |
60.73 |
4.96% |
|
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% |
7.5% |
7.5% |
7.75% |
8.00% |
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.