FINANS DAILY
"Never take counsel of your fears." - Andrew Jackson
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 until the end of the year. The less hawkish tone of the accompanying statement disappointed the
market watchers and induced hard selling in the US dollar. The pair rallied until 1.2700 resistance zone on Thursday
recovering the losses posted in the past month. Today, the market will be closely watching the US GDP and Michigan
figures.
The domestic currency developed a strong rally against the euro on October 26th, on back of improving sentiment of
investors towards the emerging markets. The Romanian currency appreciated against the euro mirroring the regional
move and tested the strong support zone at 3.5000. On Friday, the local forex market opened at 3.5080 level and headed
towards 3.5000 psychological level which held on this time as well. Afterwards, the pair reversed its move to the upside
climbing until 3.5220 level until noon time on back of strong domestic demand for the hard currency coming from
importers.
MONEY MARKET
On Friday, 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 |
3.5146 |
-0.0090 |
-4.77% |
-5.77% |
|
USD/RON |
2.7763 |
-0.0263 |
-10.90% |
-13.10% |
|
GBP/RON |
5.2324 |
-0.0283 |
-2.39% |
-2.90% |
|
CHF/RON |
2.2070 |
-0.0074 |
-5.23% |
-6.33% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.43% |
8.43% |
8.09% |
7.87% |
|
BUBOR |
9.19% |
9.13% |
9.09% |
9.03% |
|
LIBOR (EUR) |
3.35% |
3.38% |
3.69% |
3.86% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.42% |
5.41% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,376.22 |
-0.31% |
|
BET-C |
5,115.53 |
0.64% |
|
BET-FI |
57,400.04 |
-0.31% |
|
RASDAQC |
2,308.01 |
1.21% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.92 |
-0.17% |
4.25 |
|
02-Jul-10 |
5.75% |
105.20 |
0.06% |
4.18 |
|
06-May-12 |
6.50% |
120.29 |
-0.03% |
4.28 |
|
22-Jun-15 |
4 125% |
120.29 |
27.01% |
4.86 |
|
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 |
0.50% |
1,223.69 |
1,377.38 |
|
DJI |
12,163.66 |
0.24% |
12,116.91 |
12,134.68 |
|
NASDAQ |
2,379.10 |
0.96% |
2,218.93 |
2,363.84 |
|
XETRADAX |
6,295.71 |
0.21% |
6,084.40 |
6,282.50 |
|
NIKKEI 225 |
16,669.07 |
-0.85% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2675 |
0.14% |
|
GBP/USD |
1.8880 |
0.25% |
|
USD/CHF |
1.2548 |
-0.25% |
|
USD/SEK |
7.2663 |
-0.34% |
|
USD/JPY |
118.52 |
-0.22% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2640 |
Res. 1 |
1.2710 |
|
Sup. 2 |
1.2620 |
Res. 2 |
1.2740 |
|
Sup. 3 |
1.2580 |
Res. 3 |
1.2770 |
|
Sup. 4 |
1.2520 |
Res. 4 |
1.2810 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
593.4 |
0.07% |
|
SILVER |
12.09 |
1.43% |
|
OIL (BRENT) |
57.75 |
-0.57% |
|
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.