FINANS DAILY
"The man who can smile when things go wrong has thought of someone else he can blame it on." - Robert Bloch
FOREX MARKET
On Monday, the dollar came under pressure, reaching 1.3100-3.3120 zone, after the US current account data for Q3 were
released, as it continues to widen and fueled concerns about US ability to finance its buoyant spending. On December 19th,
the euro got a boost from the German Ifo corporate sentiment survey which soared to a 15Y record high. Therefore, the euro
seems biased to the upside, with quotes ranging in the 1.3150-1.3170 zone. The Bank of Japan decided to keep rates on hold
at 0.25%, as widely expected and drove further weakening of the yen against euro and dollar.
The Romanian currency continued to post gains against the euro, although rather modest, despite the sharp decline in short
term interest rates. RON strengthened in the first part of the trading until 3.4130 level, before NBR announced the results to
its depo auction. Afterwards, the EUR/RON rose slightly, and found some equilibrium in the 3.4180-3.4200 zone.
On Tuesday, the single currency was quoted for 3.4200 at the opening time, however by noon time bids moved higher up to
3.4250 zone, amid silent trading session. The Romanian currency seems strongly sustained by foreign interest, both for
speculative and business means and even NBR's partial sterilization actions could not cool down their appetite.
MONEY MARKET
The overnight interest rates started the week slightly higher in the 2/5% zone, as NBR was to hold its usual Monday deposit
auction. The bids to ON deposits fell to 1% threshold, the yield paid by the NBR for the deposit facility, after the results to
the auction were announced. The National Bank decided to drain only 35% of the total offer of commercial banks,
amounting to RON 2.5bln.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4238 |
-0.0023 |
-7.23% |
-7.47% |
|
USD/RON |
2.6145 |
0.0026 |
-16.09% |
-16.59% |
|
GBP/RON |
5.0995 |
-0.0141 |
-4.87% |
-5.03% |
|
CHF/RON |
2.1410 |
-0.0035 |
-5.23% |
-5.41% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.94% |
5.94% |
7.31% |
7.31% |
|
BUBOR |
2.88% |
7.95% |
8.75% |
8.69% |
|
LIBOR (EUR) |
3.61% |
3.66% |
3.80% |
3.94% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.37% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,971.51 |
0.18% |
|
BET-C |
4,982.63 |
0.66% |
|
BET-FI |
62,068.29 |
1.24% |
|
RASDAQC |
2,339.61 |
-4.25% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.96 |
-0.14% |
4.34 |
|
02-Jul-10 |
5.75% |
104.78 |
0.01% |
4.25 |
|
06-May-12 |
6.50% |
119.81 |
-0.11% |
4.29 |
|
22-Jun-15 |
4 125% |
94.97 |
-0.78% |
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 |
-0.32% |
1,223.69 |
1,425.49 |
|
DJI |
12,441.27 |
-0.03% |
12,317.50 |
12,445.52 |
|
NASDAQ |
2,435.57 |
-0.88% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,553.91 |
-0.53% |
6,241.13 |
6,588.83 |
|
NIKKEI 225 |
16,776.88 |
-1.09% |
14,218.60 |
17,291.67 |
| International Market Exchange Rates | ||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3161 |
0.43% |
|
GBP/USD |
1.9639 |
0.37% |
|
USD/CHF |
1.2177 |
-0.12% |
|
USD/SEK |
6.8730 |
-0.48% |
|
USD/JPY |
118.05 |
0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3100 |
Res. 1 |
1.3120 |
|
Sup. 2 |
1.3080 |
Res. 2 |
1.3150 |
|
Sup. 3 |
1.3050 |
Res. 3 |
1.3170 |
|
Sup. 4 |
1.3020 |
Res. 4 |
1.3200 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
616.35 |
-0.17% |
|
SILVER |
12.53 |
-2.94% |
|
OIL (BRENT) |
63.65 |
0.30% |
|
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.