FINANS DAILY
"Never interrupt your opponent while he is making a mistake." - Napoleon Bonaparte
FOREX MARKET
On October 25th, the Federal Reserve kept rates on hold at 5.25% for the third time in a row and suggested that the
policy rate will stay flat in the coming months. The market was disappointed by Fed's statement, as it was less hawkish
than expected, considering the recent evolution of core inflation in US. Therefore, the players turned dovish on the
greenback and EUR/USD is testing the 1.2660 resistance level in mid-European trading. Today, there will plenty of
releases on US, like housing data, durable goods as well as jobless claims, but it seems that the pair is clearly to the
upside.
The Romanian currency rebounded on Wednesday due to recent over-sold conditions as well as the recovery of short
term yields. The RON appreciated during the day by 200 pips testing 3.5100 support zone on back of strong supply of
hard currency, but it ended a bit higher at 3.5150 level.
On October 26th, the domestic market opened lower in the 3.5100 zone and moved slightly higher to 3.5150 zone where
it seems to have found some equilibrium. We expect that the RON to continue strengthening in the short run, as offshore
investors might open new positions in emerging countries, now that the Federal Reserve failed to give them further
incentives on USD.
MONEY MARKET
On Thursday, the overnight tenors remained flat in the 8.5-9.5% zone, as the commercial banks continue their policy of
keeping higher amounts at NBR at the beginning of the reserve period.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5236 |
-0.0123 |
-4.53% |
-5.50% |
|
USD/RON |
2.8026 |
-0.0162 |
-10.06% |
-12.14% |
|
GBP/RON |
5.2607 |
-0.0113 |
-1.86% |
-2.27% |
|
CHF/RON |
2.2144 |
-0.0069 |
-5.23% |
-6.35% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.43% |
8.43% |
8.06% |
7.87% |
|
BUBOR |
9.20% |
9.10% |
9.09% |
9.03% |
|
LIBOR (EUR) |
3.35% |
3.37% |
3.69% |
3.86% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.43% |
5.44% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,402.29 |
-0.39% |
|
BET-C |
5,082.89 |
0.09% |
|
BET-FI |
57,578.65 |
1.89% |
|
RASDAQC |
2,280.50 |
0.18% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.11 |
-0.01% |
4.15 |
|
02-Jul-10 |
5.75% |
105.14 |
0.11% |
4.20 |
|
06-May-12 |
6.50% |
120.33 |
0.07% |
4.27 |
|
22-Jun-15 |
4 125% |
94.71 |
0.06% |
4.89 |
|
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 |
0.35% |
1,223.69 |
1,377.02 |
|
DJI |
12,134.68 |
0.06% |
12,002.37 |
12,127.88 |
|
NASDAQ |
2,356.59 |
0.50% |
2,218.93 |
2,363.84 |
|
XETRADAX |
6,282.50 |
0.61% |
6,075.28 |
6,244.32 |
|
NIKKEI 225 |
16,811.60 |
0.67% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2657 |
0.76% |
|
GBP/USD |
1.8832 |
0.40% |
|
USD/CHF |
1.2579 |
-0.66% |
|
USD/SEK |
7.2908 |
-0.59% |
|
USD/JPY |
118.78 |
-0.28% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2620 |
Res. 1 |
1.2670 |
|
Sup. 2 |
1.2580 |
Res. 2 |
1.2730 |
|
Sup. 3 |
1.2540 |
Res. 3 |
1.2760 |
|
Sup. 4 |
1.2500 |
Res. 4 |
1.2800 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
593 |
1.65% |
|
SILVER |
11.92 |
1.45% |
|
OIL (BRENT) |
58.08 |
2.18% |
|
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.