FINANS DAILY
"to be content with little is hard; to be content with much is impossible." - Marie Ebner-Eschenbach
FOREX MARKET
The European Central Bank held flat the policy rate at 3.5%, as widely expected by the market at its meeting on January
11th. The accompanying speech of president Trichet cooled down the market expectations vs. a rate hike in February, as the
� vigilance" wording lacked and hinted rather towards accommodative monetary policy. However, analysts extended their
expectations over March for further tightening of ECB's monetary policy. As a result, the euro posted new lows against the
US dollar, breaking the 1.2900 support zone, down to 1.2880 level on Thursday. The big surprise came from Bank of
England who raised the policy rate by 25bps to 5.25%, arguing that the upside risks on inflation and strong global growth
required immediate action. In mid-European forex session, the EUR/USD is traded in the 1.2900 zone on Friday, with risks
to the downside if the US Retail Sales would turn out strong.
On January 11th, the Romanian currency was quoted at 3.3960 level at the opening time and seems to be the intraday high,
as RON followed the same downward path as we lately got used to due to the extremely low short term interbank yields.
However, there could be noticed a slight recovery of the RON yesterday, probably triggered by an improvement in investors
mood towards emerging markets.
On Friday, the domestic forex market opened at 3.3940 level which will probably remain intraday low, as the pair followed
an upward move until 3.4060 level in the first part of trading.
MONEY MARKET
On January 12th, the ON interest rates remained flat in the 0.5/2% zone due to the extremely high liquidity on the Romanian
interbank market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4053 |
-0.0050 |
0.70% |
0.68% |
|
USD/RON |
2.6252 |
0.0011 |
2.24% |
2.17% |
|
GBP/RON |
5.0909 |
0.0039 |
0.49% |
0.48% |
|
CHF/RON |
2.1074 |
-0.0053 |
-0.27% |
-0.26% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.50% |
3.63% |
5.34% |
5.69% |
|
BUBOR |
2.13% |
6.28% |
7.63% |
7.94% |
|
LIBOR (EUR) |
3.54% |
3.62% |
3.90% |
4.08% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.38% |
5.34% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,468.25 |
0.95% |
|
BET-C |
5,277.54 |
0.23% |
|
BET-FI |
64,081.82 |
1.45% |
|
RASDAQC |
2,421.05 |
0.65% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.59 |
0.06% |
4.31 |
|
02-Jul-10 |
5.75% |
104.57 |
0.05% |
4.29 |
|
06-May-12 |
6.50% |
119.17 |
0.04% |
4.37 |
|
22-Jun-15 |
4 125% |
96.68 |
0.00% |
4.61 |
|
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 |
0.63% |
1,223.69 |
1,427.09 |
|
DJI |
12,514.98 |
0.59% |
12,416.60 |
12,480.69 |
|
NASDAQ |
2,484.85 |
1.04% |
2,405.92 |
2,465.98 |
|
XETRADAX |
6,687.30 |
1.84% |
6,503.13 |
6,681.13 |
|
NIKKEI 225 |
17,057.01 |
1.30% |
14,218.60 |
17,353.67 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2912 |
-0.39% |
|
GBP/USD |
1.9477 |
0.69% |
|
USD/CHF |
1.2482 |
0.20% |
|
USD/SEK |
7.0687 |
0.45% |
|
USD/JPY |
120.36 |
0.33% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2880 |
Res. 1 |
1.2930 |
|
Sup. 2 |
1.2850 |
Res. 2 |
1.3050 |
|
Sup. 3 |
1.2800 |
Res. 3 |
1.3090 |
|
Sup. 4 |
1.2750 |
Res. 4 |
1.3120 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
613.5 |
0.26% |
|
SILVER |
12.43 |
0.65% |
|
OIL (BRENT) |
50.72 |
-1.03% |
|
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.