FINANS DAILY
"Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity." - General
George S. Patton, Jr
FOREX MARKET
The greenback follows a bullish trend lately and this downward move accelerated today, as the US is holding congressional
elections. Considering the polls, there is a high chance that the Democrat Party would take control of the House of
Representatives, but this outcome might harm the dollar, as protectionist policies are likely to widen. The EUR/USD rallied
until 1.2770 today in early trading, but by mid-European session the bids stabilized in a narrow range between 1.2740-
1.2760 zone.
The Romanian currency strengthened easily on Monday, in line with its regional peers. The intra-day height reached at
3.5180 level in the first hour of trading and drew strong selling pressure from foreign clients which found this level
appropriate for opening new positions on RON. For most of the trading session, the single currency stabilized in the 3.5100
zone, but towards the closing time the internal demand for euro drove the bids in the 3.5120-3.5130 area.
On Tuesday, the domestic currency seems to have reached a stable point, consolidating the gains made so far. The local
forex market opened at 3.5110 level which seemed well-offered as bids stood flat in the same area, ranging less then 30 pips
in either direction amid modest traded volumes.
MONEY MARKET
The overnight interest rates remained flat in the 8.7-9.3% zone on November 7th. On Monday, the commercial banks
surprised us to the downside, as the overall offer totaled only RON 409mln, although a deposit worth RON 1.3bln returned
to the market on November 2nd, as the higher reserve requirements continue to diminish the RON liquidities.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5113 |
-0.0080 |
-4.86% |
-5.68% |
|
USD/RON |
2.7633 |
0.0081 |
-11.32% |
-13.15% |
|
GBP/RON |
5.2431 |
-0.0143 |
-2.19% |
-2.57% |
|
CHF/RON |
2.2005 |
-0.0107 |
-5.23% |
-6.11% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.63% |
8.51% |
8.15% |
7.87% |
|
BUBOR |
9.29% |
9.21% |
9.11% |
9.03% |
|
LIBOR (EUR) |
3.34% |
3.37% |
3.72% |
3.87% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.40% |
5.38% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,278.83 |
-0.68% |
|
BET-C |
5,094.63 |
-0.17% |
|
BET-FI |
63,754.22 |
3.26% |
|
RASDAQC |
2,398.94 |
1.44% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.85 |
-0.07% |
4.20 |
|
02-Jul-10 |
5.75% |
104.95 |
-0.16% |
4.25 |
|
06-May-12 |
6.50% |
120.56 |
0.05% |
4.22 |
|
22-Jun-15 |
4 125% |
95.50 |
0.22% |
4.77 |
|
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 |
1.13% |
1,223.69 |
1,389.08 |
|
DJI |
12,105.55 |
1.00% |
11,986.04 |
12,090.26 |
|
NASDAQ |
2,365.95 |
1.51% |
2,237.60 |
2,379.10 |
|
XETRADAX |
6,329.46 |
1.41% |
6,115.10 |
6,295.71 |
|
NIKKEI 225 |
16,393.41 |
0.18% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2753 |
0.42% |
|
GBP/USD |
1.9036 |
0.28% |
|
USD/CHF |
1.2525 |
-0.22% |
|
USD/SEK |
7.1746 |
-0.47% |
|
USD/JPY |
117.75 |
-0.38% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2750 |
Res. 1 |
1.2770 |
|
Sup. 2 |
1.2720 |
Res. 2 |
1.2790 |
|
Sup. 3 |
1.2700 |
Res. 3 |
1.2820 |
|
Sup. 4 |
1.2680 |
Res. 4 |
1.2860 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
624.6 |
-0.21% |
|
SILVER |
12.6 |
0.56% |
|
OIL (BRENT) |
55.96 |
0.67% |
|
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.