FINANS DAILY
"If you want to be entertained, take up skydiving. There's an inverse correlation between an investment's entertainment value
and its expected return." - Bill Bernstein
FOREX MARKET
Yesterday the Leu has continued to correct higher together with several emerging market's currencies. The EUR/RON has opened at
3.6150, and except for the early high of 3.6200, the morning trade was dominated by important selling orders and by noon the Euro was
already bided at 3.5950. By the end of the day the pair slided further to 3.5870 and closed at 3.5880.
One hour after the market close the NBR Governor has presented the decisions taken by the bank's board. The minimum reserve
requirements for RON liabilities shorter than two years have been increased from 16% to 20% and the monetary policy rate has been
hiked by 25 basis points, from 8.5% to 8.75%. Due to the increase in RON reserves, the first consequence of these measures will be an
increase in the cost of RON household credits, at a time when they had surged by 110.5% y/y in May.
The monetary policy rate increase, although at just 25 basis points having a limited effect on internal consumption, will somewhat help
stabilize the FX market as pressure on the Leu had increased substantially in the last days, and central banks in neighboring emerging
markets had already operated bigger rate hikes.
The EUR/RON has opened at 3.5920, was initially bought to 3.5980 and is now stable at 3.5940.
The US Consumer Confidence figure for June came out yesterday at 105.7 versus 103.8 expected. The data failed to provide significant
support for the Dollar, but managed to stop the EUR/USD from rising. The rate had increased from 1.2560 at noon to 1.2610 and after
US trade opened it returned to a range between 1.2560 and 1.2590. The Euro is currently quoted at 1.2565-70.
MONEY MARKET
NBR's monetary policy rate increase had a slight effect on money market rates at the start of the trading session. O/N rates opened at an
8.5/9.5 average, 50 basis points up from yesterday, however later on returned to 8/9%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6067 |
-0.0315 |
-2.28% |
-1.53% |
|
USD/RON |
2.8674 |
-0.0312 |
-7.98% |
-5.43% |
|
GBP/RON |
5.2241 |
-0.0529 |
-2.55% |
-1.72% |
|
CHF/RON |
2.3027 |
-0.0240 |
-5.23% |
-3.54% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.15% |
8.03% |
7.63% |
7.24% |
|
BUBOR |
9.00% |
8.94% |
8.83% |
8.75% |
|
LIBOR (EUR) |
2.85% |
2.90% |
3.23% |
3.52% |
|
LIBOR (USD) |
5.09% |
5.35% |
5.62% |
5.75% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,437.93 |
-1.74% |
|
BET-C |
3,896.66 |
-1.68% |
|
BET-FI |
33,314.12 |
-1.24% |
|
RASDAQC |
1,758.05 |
-0.21% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.95 |
-0.12% |
4.21 |
|
02-Jul-10 |
5.75% |
104.44 |
-0.23% |
4.51 |
|
06-May-12 |
6.50% |
119.80 |
-0.09% |
4.56 |
|
22-Jun-15 |
4.125% |
91.71 |
0.21% |
5.31 |
|
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 |
1,239.20 |
-0.91% |
1,223.69 |
1,325.76 |
|
DJI |
10,924.74 |
-1.09% |
10,989.09 |
11,079.46 |
|
NASDAQ |
2,100.25 |
-1.57% |
2,072.47 |
2,229.13 |
|
XETRADAX |
5,459.15 |
-1.01% |
5,292.14 |
6,140.72 |
|
NIKKEI 225 |
14,886.11 |
-1.88% |
14,072.20 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2572 |
-0.18% |
|
GBP/USD |
1.8215 |
-0.12% |
|
USD/CHF |
1.2435 |
0.15% |
|
USD/SEK |
7.3620 |
0.67% |
|
USD/JPY |
0.00 |
#DIV/0! |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2480 |
Res. 1 |
1.2620 |
|
Sup. 2 |
1.2430 |
Res. 2 |
1.2680 |
|
Sup. 3 |
1.2400 |
Res. 3 |
1.2700 |
|
Sup. 4 |
1.2320 |
Res. 4 |
1.2750 |
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
581.25 |
-1.44% |
|
SILVER |
10.22 |
-0.87% |
|
OIL (BRENT) |
71.75 |
2.00% |
|
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.