FINANS DAILY
"Hope is not the conviction that something will turn out well but the certainty that something makes sense,
regardless of how it turns out." - Vaclav Havel
FOREX MARKET
On July 13th, the domestic currency started to give signs of weakness, in line with the regional trend. EUR/RON quotes
reached 3.5940 level, but found some resistance there and the single currency ended the trading session in the 3.5850 zone.
This morning, euro developed a strong rally and broke the resistance set in the 3.6000 zone, rising until 3.6125 level. After
reaching two-week�s low against the euro, RON recovered a bit and went below 3.6000 resistance.
Bank of Japan confirmed the expectations of the market and hiked its monetary rate by 25 bps for the first time in the last
six years. This decision might give some support for the yen on the long run, as BoJ is likely to resort to further tightening
as Japan's economy is strong and it is still growing. However for the moment JPY depreciated slightly, as investors found
the move of BoJ rather dovish and expect further proofs.
On Thursday, there were released the US Initial Jobless Claims for July which came out better than expected and sent the
greenback on a bullish path. The latest good data on US opened the way for a stronger dollar against the euro, with the pair
dropping until 1.2663 area, the most. For the time being, EUR/USD is traded in the 1.2670-1.2690 zone and 1.2660 support
seems to be at risk as the move is on the downside.
MONEY MARKET
The short time rates continued the free-fall started on Tuesday and sunk to 1-2% levels on July 14th. The National Bank
announced the results of the 3M CD auction held on Thursday with the settlement on Friday. The allotment percentage
reached 125% of the intended amount to be withdrawn, amounting to RON 2bln, while the overall offer reached RON
3.76bln, that is quite the same value as the CD maturing today. The average accepted yield was 8.68%, while the maximum
accepted rate went until 8.72% slightly above the 8.75% monetary rate.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5887 |
0.0188 |
-0.0277 |
-1.81% |
|
USD/RON |
2.8236 |
0.0226 |
-0.0938 |
-6.22% |
|
GBP/RON |
5.1961 |
0.0276 |
-3.07% |
-2.01% |
|
CHF/RON |
2.2958 |
0.0163 |
-5.23% |
-3.44% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.93% |
7.70% |
7.89% |
7.66% |
|
BUBOR |
3.20% |
8.86% |
9.03% |
8.97% |
|
LIBOR (EUR) |
2.84% |
2.91% |
3.27% |
3.54% |
|
LIBOR (USD) |
5.29% |
5.36% |
5.60% |
5.69% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,359.36 |
-1.88% |
|
BET-C |
4,361.34 |
-1.71% |
|
BET-FI |
40,677.03 |
-5.67% |
|
RASDAQC |
1,783.83 |
-0.22% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.79 |
0.11% |
4.16 |
|
02-Jul-10 |
5.75% |
104.91 |
0.26% |
4.36 |
|
06-May-12 |
6.50% |
120.15 |
0.17% |
4.47 |
|
22-Jun-15 |
4.125% |
91.92 |
0.00% |
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 |
1,242.29 |
-1.30% |
1,223.69 |
1,325.76 |
|
DJI |
10,846.29 |
-1.52% |
11,013.18 |
11,225.30 |
|
NASDAQ |
2,054.11 |
-1.73% |
2,072.47 |
2,219.86 |
|
XETRADAX |
5,527.29 |
-1.96% |
5,456.87 |
6,140.72 |
|
NIKKEI 225 |
14,845.24 |
-1.67% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2664 |
-0.35% |
|
GBP/USD |
1.8382 |
0.22% |
|
USD/CHF |
1.2323 |
-0.03% |
|
USD/SEK |
7.2661 |
0.57% |
|
USD/JPY |
115.93 |
0.47% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2600 |
Res. 1 |
1.2730 |
|
Sup. 2 |
1.2480 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2430 |
Res. 3 |
1.2890 |
|
Sup. 4 |
1.2320 |
Res. 4 |
1.2970 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
661.3 |
1.99% |
|
SILVER |
11.67 |
0.95% |
|
OIL (BRENT) |
74.9 |
2.98% |
|
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.