FINANS DAILY
"It is not that we don't know the right answers, it is just that we don't ask the right questions." - Tony Robbins
FOREX MARKET
The EUR/USD stood in the 1.2810-1.2850 range yesterday amid silent trading, as the US GDP for the second quarter
advanced by 2.9% y/y vs. 3% expected, indicating that US economy still holds on pretty well. Today there might be quite
volatile as plenty of important data shall be released together with the speeches of two of the most powerful central bankers.
The ECB will have the rate decision meeting when they are likely to keep rates flat at 3%, however the market will be
focusing over Trichet's �vigilant" wording in search for further tightening hints as well as the Euro Zone Consumer Price
Index. Later, the market will be watching the US Personal Spending and Income figures and the US Initial Jobless Claims,
with Bernanke speech which is expected to give some direction in the market.
The Romanian government remains undecided regarding the general budget balance as they intended to hike the budget
deficit to 2.7% of the GDP when they lack viable projects for the previously 2.5% decided gap. However they finally
decided to keep the 2.5% target, as the government probably realized that there are only four months until 2006 finishes and
the state budget still records substantial surpluses (RON 5.6bln in the first seven months). Therefore, it seems that those
great projects of Romania will be taking place in the last quarter of 2006. The huge spending are likely to put pressure over
the exchange rate and to further deteriorate the current account.
The domestic currency broke the 3.5300 resistance level on Wednesday due to the usual end-month corporative payments.
The single currency rose from 3.5190 level until 3.5330 zone. On August 31st, the Romanian forex market started at 3.5280
level which seems to be well offered as the bids oscillated less than 50 pips around the opening level.
MONEY MARKET
The short term interest rates moved slightly to the upwards by 25 bps to 8.5-9.5% zone as the new increased reserve ratio for
RON denominated liabilities keep on whipping up the liquidities on the Romanian market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5334 |
0.0042 |
0.4196 |
23.41% |
|
USD/RON |
2.7555 |
0.0007 |
-0.1157 |
-7.12% |
|
GBP/RON |
5.2393 |
0.0023 |
-2.26% |
-1.36% |
|
CHF/RON |
2.2416 |
0.0044 |
-5.23% |
-3.18% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.16% |
8.26% |
8.01% |
7.94% |
|
BUBOR |
9.04% |
9.20% |
9.24% |
9.23% |
|
LIBOR (EUR) |
3.02% |
3.09% |
3.43% |
3.62% |
|
LIBOR (USD) |
5.29% |
5.33% |
5.44% |
5.45% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,701.13 |
1.59% |
|
BET-C |
4,548.51 |
1.24% |
|
BET-FI |
46,513.89 |
1.47% |
|
RASDAQC |
1,962.96 |
0.32% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.23 |
-0.03% |
4.04 |
|
02-Jul-10 |
5.75% |
105.44 |
0.00% |
4.17 |
|
06-May-12 |
6.50% |
121.09 |
0.03% |
4.25 |
|
22-Jun-15 |
4 125% |
94 22 |
-0.18% |
4.94 |
|
Romanian State Government Bonds and T-Bills |
|||||
|
Latest issues |
Auction Date |
Issue Date |
Maturity Date |
Avg. Yield |
|
|
RO0510DBNI36 |
08 August 2005 |
10 A |
ugust 2005 |
10 August 2010 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
17 A |
ugust 2005 |
17 August 2015 |
7.49% |
|
RO0508DBN155 |
15 September 2005 |
19Sep |
tember 2005 |
19 September 2008 |
7.60% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
YearHigh |
|
|
S&P500 |
1,304.27 |
0.00% |
1,223.69 |
1,325.76 |
|
DJI |
11,382.91 |
0.11% |
11,284.05 |
11,369.94 |
|
NASDAQ |
2,185.73 |
0.62% |
2,037.35 |
2,163.95 |
|
XETRADAX |
5,867.53 |
0.35% |
5,628.37 |
6,140.72 |
|
NIKKEI 225 |
16,140.76 |
1.69% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2836 |
0.05% |
|
GBP/USD |
1.9072 |
0.40% |
|
USD/CHF |
1.2269 |
-0.09% |
|
USD/SEK |
7.1953 |
0.04% |
|
USD/JPY |
117.29 |
0.39% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2700 |
Res. 1 |
1.2860 |
|
Sup. 2 |
1.2660 |
Res. 2 |
1.2900 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2400 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
619.5 |
0.81% |
|
SILVER |
12.46 |
2.64% |
|
OIL (BRENT) |
66.19 |
0.90% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.75% |
4.00% |
4.25% |
4.50% |
5.00% |
USD 1,000 |
|
EUR |
0.50% |
3.50% |
4.00% |
4.25% |
4.50% |
5.00% |
EUR 1,000 |
|
RON |
3.00% |
7.5% |
8.0% |
8.0% |
8.00% |
8.50% |
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.