FINANS DAILY
"Most of the trouble in the world is caused by people wanting to be important." - T.S. Elliot
FOREX MARKET
The greenback declined yesterday against the euro, as the Philly Fed business indicator dropped sharply to -0.7 vs. 7.0
expected in October. The disappointing figure triggered a sell-off in the dollar, as the figures failed to povide additional
support for the USD. Therefore, the pair rallied until 1.2640 zone on Thursday, as the recent data failed to give further
incentives regarding Fed's future monetary policy. On October 20th, the EUR/USD seems trend-less as the market is
waiting for more data to commit in either direction, as it is traded in the 1.2620-1.2640 zone in early European trading.
After depreciating in the first part of the week on back of poor yielding, the Romanian currency posted a slight recovery
on Thursday. The single currency was traded at 3.5150 level for most of the forex session yesterday, however the bids
reached even 3.5100 support zone on back of higher supply of hard currency coming from local investors.
On Friday, the domestic market opened lower by 50 pips at 3.5100 level with risks on the downwards as the mood of
foreign investors towards Central Europe seems to improve lately. The EUR/RON exchange rate dropped until 3.5075
level until noon time, however the strong psychological support at 3.5000 is likely to hold on today, as the traded
volumes are rather modest.
MONEY MARKET
The ON tenor deposits stay flat in the 1-3% zone, as the excess domestic currency supply remains high as the mandatory
reserve period is approaching the end. However, on the last day of current reserve period at October 23rd, we expect the
ON rates to move a bit higher to the 3-5% levels, as the NBR is holding is usual depo auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5218 |
0.0017 |
-4.58% |
-5.67% |
|
USD/RON |
2.8083 |
0.0121 |
-9.87% |
-12.14% |
|
GBP/RON |
5.2306 |
-0.0207 |
-2.43% |
-3.01% |
|
CHF/RON |
2.2122 |
-0.0025 |
-5.23% |
-6.48% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
1.03% |
8.03% |
8.03% |
7.83% |
|
BUBOR |
3.03% |
8.94% |
9.09% |
9.00% |
|
LIBOR (EUR) |
3.33% |
3.36% |
3.65% |
3.79% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.40% |
5.38% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,434.38 |
0.58% |
|
BET-C |
5,101.80 |
0.29% |
|
BET-FI |
56,483.87 |
0.75% |
|
RASDAQC |
2,239.02 |
1.60% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.23 |
-0.03% |
4.13 |
|
02-Jul-10 |
5.75% |
105.28 |
0.00% |
4.17 |
|
06-May-12 |
6.50% |
120.60 |
-0.07% |
4.24 |
|
22-Jun-15 |
4 125% |
95.03 |
0.04% |
4.84 |
|
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 |
0.07% |
1,223.69 |
1,369.05 |
|
DJI |
12,011.73 |
0.16% |
11,950.02 |
11,992.68 |
|
NASDAQ |
2,340.94 |
0.16% |
2,155.29 |
2,363.84 |
|
XETRADAX |
6,177.42 |
-0.09% |
5,978.82 |
6,186.54 |
|
NIKKEI 225 |
16,651.63 |
0.61% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2627 |
0.71% |
|
GBP/USD |
1.8767 |
0.45% |
|
USD/CHF |
1.2584 |
-0.82% |
|
USD/SEK |
7.3060 |
-0.99% |
|
USD/JPY |
118.33 |
-0.40% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2490 |
Res. 1 |
1.2660 |
|
Sup. 2 |
1.2460 |
Res. 2 |
1.2760 |
|
Sup. 3 |
1.2400 |
Res. 3 |
1.2830 |
|
Sup. 4 |
1.2320 |
Res. 4 |
1.2980 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
600.3 |
2.01% |
|
SILVER |
12.02 |
2.47% |
|
OIL (BRENT) |
57.38 |
-1.32% |
|
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.