FINANS DAILY
"The technicians do not help produce yachts for the customers, but they do help generate the trading that produces yachts
for the brokers." - Burton Malkiel
FOREX MARKET
Last week the Leu has surged almost 900 pips against the Euro, from a Monday high of 3.6450 to a Friday low of 3.5580. Capital
exits from the Romanian market have ceased as the Fed cooled down expectations for further interest rate increases in the US.
On Friday, the EUR/RON has opened at 3.5760 and was sold in the first trading hours to 3.5580. In the second part of the day, buyers
took the pair to a maximum of 3.5810. The market closed at 3.5720.
Today the Leu continues to strengthen in morning trading. The EUR/RON opened at 3.5750, was bided in the opening minutes as
high as 3.5770 and then slided to 3.5650. The pair is now quoted at 3.5660-3.5670.
On Friday, the Euro continued to capitalize on the gains it took after the Federal Reserve press release. In Asian trading the pair
moved from 1.2660 up to 1.2720. In US trade the Euro increased further from 1.2700 to 1.2790. The 1.2790-1.2800 resistance zone
has held until today, and further buyings can lead to 1.2850. A retracement of the last move upwards, to 1.2690 is more likely
however. The market mover for the day can be the US ISM Manufacturing index, but price action will most likely be inconclusive, as
most players are on holiday one day before the 4th of July.
MONEY MARKET
O/N rates for RON deposits have remained at 8/9% on average. Players are waiting for the results of the NBR auction to be held
today, which can push up market interest rates by at least 25 basis points.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5686 |
-0.0206 |
-3.31% |
-2.21% |
|
USD/RON |
2.8068 |
-0.0571 |
-9.92% |
-6.71% |
|
GBP/RON |
5.1473 |
-0.0458 |
-3.98% |
-2.66% |
|
CHF/RON |
2.2768 |
-0.0179 |
-5.23% |
-3.51% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.14% |
8.14% |
7.80% |
7.53% |
|
BUBOR |
8.87% |
8.92% |
8.99% |
8.92% |
|
LIBOR (EUR) |
2.91% |
2.89% |
3.24% |
3.51% |
|
LIBOR (USD) |
5.36% |
5.33% |
5.58% |
5.69% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,056.23 |
3.75% |
|
BET-C |
4,209.62 |
2.85% |
|
BET-FI |
36,941.64 |
4.89% |
|
RASDAQC |
1,729.23 |
0.69% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.96 |
-0.07% |
4.19 |
|
02-Jul-10 |
5.75% |
104.62 |
-0.05% |
4.46 |
|
06-May-12 |
6.50% |
119.94 |
-0.15% |
4.53 |
|
22-Jun-15 |
4.125% |
91.85 |
-0.23% |
5.29 |
|
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 |
1,270.20 |
-0.21% |
1,223.69 |
1,325.76 |
|
DJI |
11,150.22 |
-0.36% |
10,924.74 |
11,190.80 |
|
NASDAQ |
2,172.09 |
-0.11% |
2,072.47 |
2,219.86 |
|
XETRADAX |
5,683.31 |
1.82% |
5,292.14 |
6,140.72 |
|
NIKKEI 225 |
15,571.62 |
0.43% |
14,091.77 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2785 |
0.50% |
|
GBP/USD |
1.8467 |
0.60% |
|
USD/CHF |
1.2241 |
-0.55% |
|
USD/SEK |
7.1921 |
-0.79% |
|
USD/JPY |
114.48 |
-0.07% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2690 |
Res. 1 |
1.2800 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2480 |
Res. 3 |
1.2890 |
|
Sup. 4 |
1.2430 |
Res. 4 |
1.2970 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
618.75 |
2.77% |
|
SILVER |
11.12 |
3.06% |
|
OIL (BRENT) |
73.69 |
0.35% |
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.