FINANS DAILY
"That stocks rise and fall on corporate earnings is a much ballyhooed misconception. The price investors will pay for earnings
varies from hour to hour, week to week, depending on the inclinations of buyers and sellers." - John Rothchild
FOREX MARKET
Yesterday the Leu has continued its rise for the seventh day running. The EUR/RON opened at 3.56, which remained the day high, and
constant selling orders followed. In the second trading hour the rate had already decreased by more than 200 pips, to 3.5390. Towards the
end of the session, buyers started to take advantage of the 2-week low and bought the Euro to 3.5540.
Today buying continues, part of an expected retracement of the move from 3.64 to 3.54, a correction which can extend to 3.58. The market
has opened at 3.5520-3.5530 with the Euro receiving strong support at 3.55. The European currency has been bought to 3.5650 the most
and now stands at RON 3.5620.
On the American Independence day, the 4th of July, with all US markets being closed, the EUR/USD has traded in a narrow range
between 1.2770 and 1.2820.
Overnight, just as the today�s trading day was starting, news of a ballistic missile test from North Korea induced volatility for the Asian
currencies, with the Yen losing 50 pips versus the Dollar. As this geopolitical event can cause selling also in European and US equity
markets, we should see an effect on the EUR/USD rate upon the opening of American trade.
For now the EUR/USD has fallen from 1.2830 to 1.2780 in morning trade. The US Durable Goods Orders figure will be released today
and after two days of market silence, we can see the rate moving closer to 1.2700, as part of a retracement of the move up from 1.2520.
MONEY MARKET
On the inter-bank money market, O/N rates stand at the usual 8/9% average. As we are moving towards the middle of the minimum
reserve period, lenders have slightly lowered their asks to 8.7%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5580 |
-0.0099 |
-3.60% |
-2.40% |
|
USD/RON |
2.7773 |
-0.0184 |
-10.87% |
-7.34% |
|
GBP/RON |
5.1264 |
-0.0280 |
-4.37% |
-2.92% |
|
CHF/RON |
2.2681 |
-0.0092 |
-5.23% |
-3.50% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.16% |
8.14% |
7.80% |
7.53% |
|
BUBOR |
8.85% |
8.92% |
8.99% |
8.92% |
|
LIBOR (EUR) |
2.83% |
2.89% |
3.24% |
3.50% |
|
LIBOR (USD) |
5.32% |
5.33% |
5.59% |
5.69% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,434.13 |
2.63% |
|
BET-C |
4,410.67 |
2.15% |
|
BET-FI |
40,610.62 |
4.16% |
|
RASDAQC |
1,722.31 |
-0.47% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.76 |
-0.11% |
4.25 |
|
02-Jul-10 |
5.75% |
104.65 |
0.19% |
4.44 |
|
06-May-12 |
6.50% |
119.79 |
0.00% |
4.55 |
|
22-Jun-15 |
4.125% |
91.91 |
0.13% |
5.28 |
|
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 |
1,280.19 |
0.00% |
1,223.69 |
1,325.76 |
|
DJI |
11,228.02 |
0.00% |
11,150.22 |
11,228.02 |
|
NASDAQ |
2,190.43 |
0.00% |
2,072.47 |
2,219.86 |
|
XETRADAX |
5,729.01 |
0.29% |
5,305.99 |
6,140.72 |
|
NIKKEI 225 |
15,523.94 |
-0.73% |
14,170.87 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2810 |
0.01% |
|
GBP/USD |
1.8463 |
0.12% |
|
USD/CHF |
1.2229 |
-0.05% |
|
USD/SEK |
7.1536 |
-0.23% |
|
USD/JPY |
114.71 |
0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2690 |
Res. 1 |
1.2840 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2890 |
|
Sup. 3 |
1.2480 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2430 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
626.75 |
0.97% |
|
SILVER |
11.26 |
0.81% |
|
OIL (BRENT) |
73.66 |
-1.03% |
|
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.