|
"Every man dies; not every man really lives" - Braveheart
FOREX MARKET
The European Central Bank increased the monetary rates by 25 bps to 2.75% yesterday, confirming the expectations
of the market. Although, Trichet's statement was hawkish, the market sent the euro lower below the 1.2685 support,
as some players expected more tightening for ECB. Bank of England kept rates on hold at 4.50%, as expected. The
EUR/USD dropped until 1.2624 level on Thursday, however the quotes went slightly higher on Friday noon to 1.2650
zone. Today, the market will be focusing on US trade deficit for April which is expected to come out at USD -65bln.
The acceleration of the first quarter's GDP to 6.9% y/y had no impact over the EUR/RON exchange rates, although
the data were better than expected by the market. The domestic currency weakened before ECB's rate announcement,
as some foreign players closed their positions in the emerging markets, as they expected a 50 bps hike instead of only
25 bps. The euro purchases took the bids as high 3.5250, however by closing time, the pair recovered to 3.5120 zone.
On Friday, the forex market opened higher by 40 pips vs. yesterday's closing quotes and shortly after the EUR/RON
rose until 3.5200 zone. By noon the EUR/RON was bided around 3.5150 level.
MONEY MARKET
The overnight interest rates remained still in the 8-8.75% area, although RON 0.7bln matured yesterday from NBR's
1M deposit.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5156 |
0.0022 |
-4.75% |
-3.32% |
|
USD/RON |
2.7527 |
0.0122 |
-11.66% |
-8.26% |
|
GBP/RON |
5.0906 |
-0.0109 |
-5.04% |
-3.53% |
|
CHF/RON |
2.2515 |
0.0002 |
-5.23% |
-3.67% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.90% |
7.58% |
7.21% |
6.68% |
|
BUBOR |
8.76% |
8.60% |
8.52% |
8.46% |
|
LIBOR (EUR) |
2.48% |
2.86% |
3.15% |
3.38% |
|
LIBOR (USD) |
5.04% |
5.17% |
5.39% |
5.47% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,929.62 |
-1.36% |
|
BET-C |
4,195.20 |
-1.55% |
|
BET-FI |
37,068.65 |
-4.50% |
|
RASDAQC |
1,755.22 |
-1.28% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.79 |
0.11% |
3.95 |
|
02-Jul-10 |
5.75% |
105.53 |
0.12% |
4.23 |
|
06-May-12 |
6.50% |
121.14 |
0.41% |
4.35 |
|
22-Jun-15 |
4.125% |
93.72 |
-5.14% |
5.00 |
|
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 |
1,257.93 |
0.14% |
1,178.90 |
1,325.76 |
|
DJI |
10,938.82 |
0.07% |
10,930.90 |
11,278.61 |
|
NASDAQ |
2,145.32 |
-0.30% |
2,158.76 |
2,370.88 |
|
XETRADAX |
5,383.28 |
-2.90% |
5,502.81 |
6,140.72 |
|
NIKKEI 225 |
14,750.84 |
0.81% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2635 |
-1.06% |
|
GBP/USD |
1.8422 |
-0.51% |
|
USD/CHF |
1.2333 |
0.95% |
|
USD/SEK |
7.3112 |
1.42% |
|
USD/JPY |
113.94 |
0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2620 |
Res. 1 |
1.280 |
|
Sup. 2 |
1.2580 |
Res. 2 |
1.2880 |
|
Sup. 3 |
1.2500 |
Res. 3 |
1.2940 |
|
Sup. 4 |
1.2450 |
Res. 4 |
1.2980 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
608.2 |
-2.17% |
|
SILVER |
11.23 |
-3.52% |
|
OIL (BRENT) |
64.78 |
-2.13% |
|
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.