FINANS DAILY
"No matter how far you have gone on a wrong road, turn back." - Turkish proverb
FOREX MARKET
The greenback rebounded on Tuesday on back of boosted US consumer demand and personal income figures released
yesterday, suggesting that there is no need for immediate action from the Federal Reserve. The market seems to have
turned its attention towards the dollar and broke the 1.2700 support zone, dropping until 1.2680 level. Today, the market
will be focusing over Euro Zone's business climate and economic sentiment, although the main focus will be on ECB's
policy meeting on Thursday.
On Monday, the domestic currency suffered a slight correction in correlation with its regional peers and tested the
3.5250 resistance zone. Also, the strong demand for hard currency induced by boosting imports is putting pressure over
the RON every month-end.
On October 31st, the single currency opened at 3.5200 level and remained rangebound in the same area, as bids
oscillated less than 50 pips in either direction. We expect the RON to firm on the gains posted recently due to favourable
sentiment of off-shore investors towards emerging markets. The pair is likely to be traded in the 3.5000-3.5250 zone this
week, as the short term yields will remain RON supportive.
MONEY MARKET
The overnight interest rates returned to 8.5-9.5% levels on Tuesday on back of limited liquidity conditions determined
by the bank's policy of keeping higher reserves in the first part of the reserve period. The National Bank withdrew RON
1.35bln from the interbank market at the 8.75% fixed intervention rate through its common Monday deposit auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5217 |
0.0002 |
-4.58% |
-5.47% |
|
USD/RON |
2.7670 |
-0.0132 |
-11.20% |
-13.29% |
|
GBP/RON |
5.2574 |
0.0081 |
-1.93% |
-2.31% |
|
CHF/RON |
2.2157 |
0.0037 |
-5.23% |
-6.25% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.56% |
8.51% |
8.15% |
7.87% |
|
BUBOR |
9.29% |
9.21% |
9.11% |
9.03% |
|
LIBOR (EUR) |
3.36% |
3.38% |
3.70% |
3.86% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.39% |
5.33% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,323.55 |
0.24% |
|
BET-C |
5,089.81 |
-0.13% |
|
BET-FI |
56,099.71 |
-1.75% |
|
RASDAQC |
2,317.79 |
0.57% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.93 |
-0.13% |
4.22 |
|
02-Jul-10 |
5.75% |
105.13 |
-0.07% |
4.20 |
|
06-May-12 |
6.50% |
120.58 |
0.01% |
4.23 |
|
22-Jun-15 |
4 125% |
95.43 |
0.39% |
4.81 |
|
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 |
0.04% |
1,223.69 |
1,389.08 |
|
DJI |
12,086.50 |
-0.03% |
12,090.26 |
12,163.66 |
|
NASDAQ |
2,363.77 |
0.56% |
2,218.93 |
2,379.10 |
|
XETRADAX |
6,248.40 |
-0.23% |
6,115.10 |
6,295.71 |
|
NIKKEI 225 |
16,399.39 |
0.29% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2688 |
-0.27% |
|
GBP/USD |
1.8975 |
-0.02% |
|
USD/CHF |
1.2519 |
0.22% |
|
USD/SEK |
7.2645 |
0.31% |
|
USD/JPY |
117.58 |
0.18% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2660 |
Res. 1 |
1.2750 |
|
Sup. 2 |
1.2630 |
Res. 2 |
1.2770 |
|
Sup. 3 |
1.2520 |
Res. 3 |
1.2820 |
|
Sup. 4 |
1.2480 |
Res. 4 |
1.2900 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
600.4 |
-0.45% |
|
SILVER |
12.03 |
-0.82% |
|
OIL (BRENT) |
56.12 |
-1.60% |
|
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.