FINANS DAILY
"It is not what you are that holds you back, it is what you think you are not." - Denis Waitley
FOREX MARKET
The European currency rallied until 1.2880 zone yesterday, as Trichet suggested that further rate hikes are on the pipeline,
although the ECB board decided to keep rates on hold this meeting. However we do not expect that the Euro Zone reference
rate would outpace the 3.50% level until the end of 2006, considering also that the CPI Estimate for EZ in August was out at
2.3% as expected. During the American trading, the greenback recovered slightly, as the US Personal Income and Personal
Spending came out in line with the expectations of the market. On Friday, the EUR/USD exchange rate seems to have found
some equilibrium in the 1.2800 zone, as the bids vary less than 20 pips around it. Today, there will be released plenty of
important data for US economy like Non-farm Payrolls and Unemployment figures as well as housing data, which might
induce some volatility in the market.
Fitch Rating Agency upgraded Romania's foreign currency sovereign credit rating by one notch to 'BBB' from 'BBB-' on
August 31st. The rating upgrade was determined by the substantial increases of foreign direct investments attracted by
Romania, as these inflows are to sustain the economical growth and gradually the gap between the living standards with the
European Union would narrow.
The EUR/RON narrowed its rangebound area to 3.5250-3.5300 levels on Thursday amid low transacted volumes. On
Friday, the domestic forex market opened in the 3.5250 area but towards noon the selling orders pushed the exchange rate to
3.5200 zone. The upgrading is expected to be supportive for the Romanian currency, the more so as the announcement of
Fitch came one day before the full liberalization of the capital account.
MONEY MARKET
The short term interest rates remained still in the 8.25-9.25% area 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 |
3.5302 |
-0.0032 |
0.4195 |
23.36% |
|
USD/RON |
2.7469 |
-0.0086 |
-0.1185 |
-7.28% |
|
GBP/RON |
5.2392 |
-0.0001 |
-2.26% |
-1.36% |
|
CHF/RON |
2.2410 |
-0.0006 |
-5.23% |
-3.17% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.13% |
8.28% |
8.03% |
7.94% |
|
BUBOR |
9.01% |
9.26% |
9.24% |
9.23% |
|
LIBOR (EUR) |
3.04% |
3.09% |
3.44% |
3.62% |
|
LIBOR (USD) |
5.33% |
5.33% |
5.43% |
5.41% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,669.38 |
-0.41% |
|
BET-C |
4,554.78 |
0.14% |
|
BET-FI |
46,452.92 |
-0.13% |
|
RASDAQC |
1,966.79 |
0.20% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.23 |
0.00% |
4.03 |
|
02-Jul-10 |
5.75% |
105.57 |
0.12% |
4.13 |
|
06-May-12 |
6.50% |
121.21 |
0.10% |
4.20 |
|
22-Jun-15 |
4 125% |
94.68 |
0.49% |
4.88 |
|
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 |
YearHigh |
|
|
S&P500 |
1,303.82 |
-0.03% |
1,223.69 |
1,325.76 |
|
DJI |
11,381.15 |
-0.02% |
11,352.01 |
11,382.91 |
|
NASDAQ |
2,183.75 |
-0.09% |
2,039.42 |
2,172.30 |
|
XETRADAX |
5,859.57 |
-0.14% |
5,628.37 |
6,140.72 |
|
NIKKEI 225 |
16,134.25 |
-0.04% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2799 |
-0.29% |
|
GBP/USD |
1.9032 |
-0.21% |
|
USD/CHF |
1.2319 |
0.41% |
|
USD/SEK |
7.2704 |
1.04% |
|
USD/JPY |
117.24 |
-0.04% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2780 |
Res. 1 |
1.2860 |
|
Sup. 2 |
1.2700 |
Res. 2 |
1.2900 |
|
Sup. 3 |
1.2660 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2550 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
625.7 |
1.00% |
|
SILVER |
12.85 |
3.13% |
|
OIL (BRENT) |
66.38 |
0.29% |
|
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.