FINANS DAILY
"There are no hopeless situations -- only people who are hopeless about them." - Dinah Shore
FOREX MARKET
On December 19th, the euro got a boost from the German Ifo corporate sentiment survey which soared to a 15Y record
high. The great Ifo numbers reinforced the expectations of the market that the ECB resort to further tightening of the
monetary policy in the coming months. This determined the rally of the euro against dollar, as the pair broke the 1.3200
resistance zone. On Tuesday, the Bank of Japan announced its decision to keep rates on hold at 0.25%, as widely expected
and drove further weakening of the yen against euro reaching new record levels. The US PPI figures came out higher than
expected, showing that inflation will probably ease at a slower pace. Today, the market will be closely watching ECB's
president speech at the European Parliament. By noon time, the EUR/USD is traded in the 1.3200-1.3220 zone, showing
some upside potential.
On Tuesday, the Romanian currency remained rangebound between recent levels of 3.4150-3.4250, amid silent forex
trading. The off-shore players continue opening new long positions on RON, as they are pricing in further appreciation of
RON in 2007, irrespective of NBR's recent open market operations.
On December 20th, the domestic forex market opened at 3.4150 level, but ranged less than 50 pips in either direction until
noon time.
MONEY MARKET
The ON interest rates slipped lower to 0/2% zone, due to NBR's partial sterilization at its last three deposit auctions, leaving
plenty of excess liquidity in the interbank market. It is likely that short term yields will remain steady in the 0/3% area till
the end of the week, the more so as the reserve period is approaching the end.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4248 |
0.0010 |
-7.21% |
-7.43% |
|
USD/RON |
2.6004 |
-0.0141 |
-16.55% |
-17.02% |
|
GBP/RON |
5.1033 |
0.0038 |
-4.80% |
-4.95% |
|
CHF/RON |
2.1374 |
-0.0036 |
-5.23% |
-5.39% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.85% |
6.20% |
7.25% |
7.25% |
|
BUBOR |
2.59% |
8.17% |
8.66% |
8.69% |
|
LIBOR (EUR) |
3.62% |
3.66% |
3.81% |
3.96% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.37% |
5.28% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,050.18 |
0.99% |
|
BET-C |
5,025.08 |
0.85% |
|
BET-FI |
63,011.74 |
1.52% |
|
RASDAQC |
2,355.79 |
0.69% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.04 |
0.07% |
4.23 |
|
02-Jul-10 |
5.75% |
104.74 |
-0.04% |
4.26 |
|
06-May-12 |
6.50% |
119.84 |
0.03% |
4.27 |
|
22-Jun-15 |
4 125% |
96.09 |
1.18% |
4.69 |
|
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 |
0.22% |
1,223.69 |
1,427.09 |
|
DJI |
12,471.32 |
0.24% |
12,416.76 |
12,445.52 |
|
NASDAQ |
2,429.55 |
-0.25% |
2,365.95 |
2,465.98 |
|
XETRADAX |
6,602.41 |
0.74% |
6,241.13 |
6,588.83 |
|
NIKKEI 225 |
17,011.04 |
1.40% |
14,218.60 |
17,291.67 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3214 |
0.40% |
|
GBP/USD |
1.9717 |
0.40% |
|
USD/CHF |
1.2141 |
-0.30% |
|
USD/SEK |
6.8120 |
-0.89% |
|
USD/JPY |
118.12 |
0.06% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3230 |
|
Sup. 2 |
1.3080 |
Res. 2 |
1.3350 |
|
Sup. 3 |
1.3050 |
Res. 3 |
1.3480 |
|
Sup. 4 |
1.3020 |
Res. 4 |
1.3590 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
621.9 |
0.90% |
|
SILVER |
12.69 |
1.28% |
|
OIL (BRENT) |
63.03 |
-0.97% |
|
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.