|
"A dream is just a dream. A goal is a dream with a plan and a deadline." - Harvey Mackay
FOREX MARKET
As US CPI for February was out at 0.1% as expected, while core CPI came out 0.1% vs. 0.2% expected, the market
started to price in a pause in Fed's hiking regime. The US housing starts for February soared to 2120K vs. 2030K
expected, while the US initial job claims reached 309K vs. 298K expected. Therefore, the 1.2090 level was taken out
and the euro soared until 1.2190 area where it seems to have found resistance. With no major data to be released
today, it will be interesting to see if the greenback keeps on weakening, as we need more incentives to favour a
stronger rally towards 1.2300 zone.
The domestic currency firmed up towards 3.5100 level, in the calm trading session on Thursday, when the pair
ranged in tight 3.5100-3.5200 area. The RON continued in the same manner today, as it seems that the risk aversion
of the speculators regarding emerging markets had faded away. The EUR/RON was quoted at 3.5150 in the early
trading, but soon the RON purchases pushed the bids lower to 3.4900 zone. Around noon, the pair stabilized in the
3.5000 zone and it might remain there for the rest of the trading. We expect that the domestic currency will
appreciate further on Monday, if the NBR continues to keep under control high liquidity in the market.
MONEY MARKET
The substantial RON excess has pushed the ON interest rates lower to the 1.5-3.5% zone. We expect a recovery of
the short tenor yields after Monday's depo auction.
Starting March 9th, Finansbank has hiked the interest rates for the domestic currency deposits, offering the best
yields in the market for most maturities.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Datef%l |
Annualized |
|
|
EUR/RON |
3.5201 |
-0.0059 |
-4.63% |
-3.84% |
|
USD/RON |
2.9144 |
-0.0170 |
-6.47% |
-5.39% |
|
GBP/RON |
5.0920 |
-0.0248 |
-5.01% |
-4.17% |
|
CHF/RON |
2.2495 |
-0.0017 |
-5.23% |
-4.35% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
1.16% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
3.22% |
8.51% |
8.63% |
8.54% |
|
LJBOR (EUR) |
2.60% |
2.63% |
2.85% |
3.10% |
|
LJBOR (USD) |
4.55% |
4.77% |
5.05% |
5.17% |
|
Romanian Equities |
||
|
Last |
Dailv f%l |
|
|
BET |
7,558.82 |
1.38% |
|
BET-C |
4,511.00 |
1.14% |
|
BET-FI |
48,411.97 |
0.63% |
|
RASDAOC |
1.715.99 |
0.84% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Dailv f%l |
Yield |
|
27-Jun-08 |
10.63% |
114.82 |
0.00% |
3.67 |
|
02-Jul-lO |
5.75% |
107.24 |
0.06% |
3.87 |
|
06-May-12 |
6.50% |
124.43 |
0.14% |
3.93 |
|
22-Jun-15 |
4.125% |
97.03 |
0.26% |
4.52 |
|
Romanian State Government Bonds and T-Bills |
||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Ava. 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 |
Dailv Change |
Year Low |
Year High |
|
|
S&P500 |
1.305.33 |
0.18% |
1.176.84 |
1.297.48 |
|
DJI |
11.253.24 |
0.39% |
10.972.28 |
11.209.77 |
|
NASDAQ |
2.299.56 |
-0.53% |
2.239.81 |
2.314.64 |
|
XETRADAX |
5.897.79 |
-0.01% |
5.673.36 |
5.915.15 |
|
NIKKEI 225 |
16.339.73 |
1.51% |
11.766.48 |
16.747.76 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Dailv Change |
|
EUR/USD |
1.2151 |
0.75% |
|
GBP/USD |
1.7532 |
0.32% |
|
USD/CHF |
1.2923 |
-0.42% |
|
USD/SEK |
7.6945 |
-0.85% |
|
USD/JPY |
116.65 |
0.00% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
SUD. 1 |
1.2090 |
Res. 1 |
1.2190 |
|
Sup. 2 |
1.2000 |
Res. 2 |
1.2220 |
|
Sup. 3 |
1.1940 |
Res. 3 |
1.2320 |
|
Sup. 4 |
1.1860 |
Res. 4 |
1.2590 |
|
Commodities |
||
|
Latest |
Dailv f%l |
|
|
GOLD |
553.2 |
0.44% |
|
SILVER |
10.29 |
0.29% |
|
OIL (BRENTl |
61.96 |
-1.51% |
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.