FINANS DAILY
"Life is what happens to you while you're busy making other plans." - John Lennon
FOREX MARKET
The greenback continued to rally against the euro on Tuesday and tested 1.2660 support level, on back of yesterday's strong
US consumer confidence. The market will be closely watching this week Fed's favorite inflation barometer, the Personal
Consumption Expenditure index, for more hints regarding the future moves of US monetary policy on the medium run. In
mid European trading, the EUR/USD is traded in 1.2670-1.2690 area, with risks to the upside. Today, the market will be
focusing over US MBA Mortgage Applications, Durable Goods, New Homes Sales for new US economic signals.
On September 26th, the European Commission gave green light for Romania and Bulgaria to join the EU-block on January
1st 2007. EC's report recognized the progresses made by both countries in the problematic areas, however they decided to
continue strictly monitoring the new comers to EU in the next three years, and weather Romania and Bulgaria do not keep
the pace of reforms, they could face restricting on EU funs.
This week, the Romanian currency is recovering from the sharp decline posted on Friday, mirroring the movements of other
emerging currencies. After opening in the 3.5450 zone, the EUR/RON gradually dropped until 3.5300 area yesterday,
however it closed a bit higher at 3.5370 level. On Wednesday, the domestic market opened at 3.5300 level which seems
quite well-offered, as bids ranged less than 50 pips in either ways until noon time. We expect that the Romanian currency
will continue firming towards 3.5100 zone, as the short time yields are likely to remain RON supportive this week.
MONEY MARKET
The overnight interbank rates remained flat in the 8.5-9.5% area on September 27th, as we already got used in the beginning
of the new reserve period had started. However, the ON interest rates might ease down a bit in the next two days, as
tomorrow a deposit worth RON 2.3bln held at NBR will mature.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5408 |
-0.0079 |
-4.06% |
-2.36% |
|
USD/RON |
2.7861 |
0.0079 |
-10.59% |
-6.23% |
|
GBP/RON |
5.2804 |
-0.0063 |
-1.50% |
-0.86% |
|
CHF/RON |
2.2431 |
-0.0038 |
-5.23% |
-3.04% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.32% |
8.30% |
8.02% |
7.89% |
|
BUBOR |
9.14% |
9.20% |
9.19% |
9.16% |
|
LIBOR (EUR) |
3.03% |
3.22% |
3.53% |
3.67% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.36% |
5.27% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,861.16 |
-0.78% |
|
BET-C |
4,709.76 |
-0.83% |
|
BET-FI |
49,137.22 |
-2.80% |
|
RASDAQC |
2,060.39 |
-0.64% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.61 |
-0.10% |
4.13 |
|
02-Jul-10 |
5.75% |
105.45 |
-0.12% |
4.14 |
|
06-May-12 |
6.50% |
121.19 |
-0.17% |
4.15 |
|
22-Jun-15 |
4 125% |
95.63 |
0.55% |
4.74 |
|
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 |
1,318.03 |
0.75% |
1,223.69 |
1,325.76 |
|
DJI |
11,669.39 |
0.81% |
11,508.10 |
11,613.19 |
|
NASDAQ |
2,261.34 |
0.55% |
2,115.01 |
2,252.89 |
|
XETRADAX |
5,960.63 |
1.00% |
5,773.72 |
6,140.72 |
|
NIKKEI 225 |
15,947.87 |
2.51% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2675 |
-0.49% |
|
GBP/USD |
1.8933 |
-0.27% |
|
USD/CHF |
1.2443 |
0.40% |
|
USD/SEK |
7.3415 |
0.45% |
|
USD/JPY |
117.04 |
0.59% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2660 |
Res. 1 |
1.2770 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2880 |
|
Sup. 4 |
1.2460 |
Res. 4 |
1.2940 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
592.6 |
0.24% |
|
SILVER |
11.44 |
1.69% |
|
OIL (BRENT) |
57.92 |
0.77% |
|
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.