|
"Don't count the days, make the days count." - Mohammed Ali
FOREX MARKET
The better than expected data released yesterday on US economy did not offer support for the greenback, but
determined a neutral evolution for the EUR/USD which remained within the latest range. US factory orders for
March came out at 4.2% vs. 3.75% expected, while US ISM non-manufacturing for April was out at 63.0 vs. 59.4
consensus estimate. On Thursday, the players seem cautious before the ECB interest rate announcement, which is
expected to remain steady at 2.50%. Strong incentives for the euro rally could be offered by Trichet today, who might
signal a rate hike in June, as the recent developments of the EZ economy demand such a move. Therefore, if his
testimony would stress upon �vigilance in inflation respect, we might see the pair breaking the resistance at 1.2690
level and heading higher towards 1.2800 zone.
The domestic currency strengthened further on back of selling interest coming from corporative and foreign clients.
The appreciation of the RON follows the trend noticed on the rest of the emerging markets. On May 3rd, the single
currency fell sharply from 3.4750 level and tested the 3.4600 zone which held on until the end of trading. On
Thursday, the local forex market started at 3.4600 level, which was eroded quickly and the quotes fell until 3.4555
level. Around noon, the pair stabilized in the 3.4600 area, consolidating the gains made so far. The 3.4500 is most
likely to hold strong support for the EUR/RON in the short term, as the imports will continue to exert upward
pressure over the local currency.
MONEY MARKET
On May 4th, the overnight interest rates decreased slightly to 7.5-8.5% levels in dormant interbank money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4637 |
-0.0153 |
-6.15% |
-4.63% |
|
USD/RON |
2.7409 |
-0.0114 |
-12.04% |
-9.13% |
|
GBP/RON |
5.0388 |
-0.0105 |
-6.00% |
-4.52% |
|
CHF/RON |
2.2161 |
-0.5362 |
-5.23% |
-3.93% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.79% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.54% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.66% |
3.03% |
3.31% |
|
LIbor rusm |
4.89% |
5.05% |
5.25% |
5.38% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,396.61 |
-1.57% |
|
BET-C |
4,486.04 |
-1.20% |
|
BET-FI |
46,459.55 |
-1.52% |
|
RASDAQC |
1,727.62 |
0.00% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.23 |
-0.12% |
3.95 |
|
02-Jul-10 |
5.75% |
105.62 |
-0.05% |
4.24 |
|
06-May-12 |
6.50% |
121.47 |
-0.21% |
4.35 |
|
22-Jun-15 |
4.125% |
94.69 |
-0.42% |
4.85 |
|
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 |
1,307.85 |
-0.41% |
1,176.84 |
1,311.56 |
|
DJI |
11,400.28 |
-0.14% |
11,283.25 |
11,416.45 |
|
NASDAQ |
2,303.97 |
-0.25% |
2,294.23 |
2,370.88 |
|
XETRADAX |
5,968.96 |
-1.36% |
5,901.25 |
6,107.12 |
|
NIKKEI 225 |
17,153.77 |
0.00% |
12,958.68 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2602 |
-0.40% |
|
GBP/USD |
1.8371 |
-0.44% |
|
USD/CHF |
1.2393 |
0.68% |
|
USD/SEK |
7.3960 |
0.38% |
|
USD/JPY |
113.95 |
0.84% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2550 |
Res. 1 |
1.2660 |
|
Sup. 2 |
1.2430 |
Res. 2 |
1.2690 |
|
Sup. 3 |
1.2380 |
Res. 3 |
1.2820 |
|
Sup. 4 |
1.2320 |
Res. 4 |
1.2910 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
662.4 |
-1.46% |
|
SILVER |
13.6 |
-5.75% |
|
OIL (BRENT) |
74.27 |
-0.96% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.75% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.25% |
3.75% |
4.25% |
4.50% |
4.50% |
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.