FINANS DAILY
"Obstacles are those frightful things you see when you take your eyes off the goal." - Hannah More
FOREX MARKET
The US dollar managed to keep the gains posted on back of the FOMC minutes for October which gave wings to USD bulls,
as Fed's representatives showed great worries towards the inflation outlook. For now, the market seems to weight pretty
hard these minutes and started to price in that Fed will hold rates flat at its next FOMC meeting. These expectations did not
fade away even when US CPI for October decelerated faster than the consensus estimates, due to the drop in fuel prices.
Today, the market will be watching the Housing Starts and Building Permits for more clues regarding the evolution of
housing market in US. The EUR/USD fell until 1.2760 level on Friday with risks to the downside, however the move should
not be too steep.
The Romanian currency continues to get boosted by bullish sentiment of investors regarding emerging markets and broke
the strong support level at 3.4900. RON developed a strong rally yesterday, in the second part of local trading and soared
until 3.4835 level, reaching another 6M high.
On Friday, the domestic market opened at 3.4850 level and the exchange rate climbed gradually up to 3.4930 level until
noontime. Judging by this week's pattern of EUR/RON, the pair is likely to strengthen in the second part of the trading
session, however the 3.4800 support is likely to hold on today.
MONEY MARKET
As we are approaching the end of the minimum reserve period, the short term rates have started their usual monthly decline,
with O/N rates starting the day at 6-7% levels on Friday. However, towards noon the overnight rates climbed higher to 7.5-
8.5% area, as the commercial banks decided to continue keeping higher amounts in NBR
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4933 |
-0.0019 |
-5.35% |
-6.06% |
|
USD/RON |
2.7273 |
-0.0059 |
-12.47% |
-14.05% |
|
GBP/RON |
5.1501 |
-0.0043 |
-3.93% |
-4.45% |
|
CHF/RON |
2.1859 |
0.0007 |
-5.23% |
-5.93% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.25% |
8.21% |
8.18% |
7.93% |
|
BUBOR |
7.91% |
8.97% |
9.10% |
9.07% |
|
LIBOR (EUR) |
3.34% |
3.40% |
3.74% |
3.88% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.39% |
5.34% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,852.77 |
-1.31% |
|
BET-C |
4,897.20 |
-1.26% |
|
BET-FI |
59,413.83 |
-1.17% |
|
RASDAQC |
2,339.40 |
0.47% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.69 |
0.00% |
4.18 |
|
02-Jul-10 |
5.75% |
105.09 |
-0.10% |
4.19 |
|
06-May-12 |
6.50% |
120.48 |
-0.08% |
4.21 |
|
22-Jun-15 |
4 125% |
95.58 |
-0.13% |
4.76 |
|
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 |
0.23% |
1,223.69 |
1,393.22 |
|
DJI |
12,305.82 |
0.44% |
12,131.88 |
12,251.71 |
|
NASDAQ |
2,449.06 |
0.26% |
2,299.99 |
2,430.66 |
|
XETRADAX |
6,443.02 |
0.19% |
6,223.33 |
6,430.89 |
|
NIKKEI 225 |
16,091.73 |
-0.45% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2786 |
-0.20% |
|
GBP/USD |
1.8871 |
0.05% |
|
USD/CHF |
1.2495 |
0.14% |
|
USD/SEK |
7.0802 |
0.23% |
|
USD/JPY |
118.28 |
0.14% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2780 |
Res. 1 |
1.2830 |
|
Sup. 2 |
1.2740 |
Res. 2 |
1.2880 |
|
Sup. 3 |
1.2700 |
Res. 3 |
1.2900 |
|
Sup. 4 |
1.2650 |
Res. 4 |
1.2970 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
618.5 |
-0.74% |
|
SILVER |
12.78 |
-0.78% |
|
OIL (BRENT) |
59.69 |
4.98% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
4.25% |
4.50% |
4.75% |
5.00% |
5.50% |
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.