FINANS DAILY
"Though no one can go back and make a brand new start, anyone can start from now and make a brand new
ending." - Carl Bard
FOREX MARKET
Last week, the greenback failed to breach the 1.2900 support level, despite recent encouraging data on US economy which
reinforced market's expectations that the Federal Reserve will keep rates on hold in the coming months. The Michigan
survey on US consumer sentiment rose above consensus estimates and triggered a short rally of the dollar which stopped at
1.2910 level. Afterwards, the pair reversed its move and increased up to 1.3000 zone, as some investors decided to take
short positions on USD. On Monday, the euro consolidated its recent gains and ranges between 1.2950-1.2980 levels,
showing strong upside potential.
On Friday, the domestic forex session opened 100 pips lower than previous day, respectively in the 3.3800 area. Until
noon time, the Romanian currency extended gains until 3.3750 level and remained rangebound in 1.2800 area by the end
of trading session.
On Monday, the Romanian forex market started at 3.3770 level, but remained almost flat in this zone, ranging less than
50 pips in the first part of trading. We expect RON to continue its appreciation against the euro in the coming days
towards 3.3500 zone, due to the recent bullish mood of investors towards emerging markets.
MONEY MARKET
On Friday, the ON interest rates remained deadlocked in the 0.5-2.5% area, as the high liquidity conditions had not
diminished lately on the Romanian interbank market. The National Bank will be holding its usual deposit auction today,
however we expect rather symbolic allotment ratio.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3824 |
-0.0080 |
0.02% |
0.02% |
|
USD/RON |
2.6110 |
-0.0088 |
1.69% |
1.59% |
|
GBP/RON |
5.1459 |
-0.0220 |
1.58% |
1.49% |
|
CHF/RON |
2.0887 |
-0.0052 |
-1.15% |
-1.09% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.50% |
5.59% |
5.53% |
5.81% |
|
BUBOR |
2.25% |
8.03% |
8.09% |
8.29% |
|
LIBOR (EUR) |
3.58% |
3.61% |
3.89% |
4.07% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.39% |
5.39% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,304.68 |
-1.04% |
|
BET-C |
5,222.26 |
-0.53% |
|
BET-FI |
61,310.20 |
-0.03% |
|
RASDAQC |
2,465.51 |
0.48% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.40 |
0.02% |
4.38 |
|
02-Jul-10 |
5.75% |
104.26 |
-0.04% |
4.38 |
|
06-May-12 |
6.50% |
118.94 |
-0.08% |
4.40 |
|
22-Jun-15 |
4 125% |
95.97 |
-0.44% |
4.71 |
|
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 |
0.29% |
1,223.69 |
1,431.90 |
|
DJI |
12,565.53 |
-0.02% |
12,567.93 |
12,582.59 |
|
NASDAQ |
2,451.31 |
0.33% |
2,413.51 |
2,502.82 |
|
XETRADAX |
6,747.17 |
0.86% |
6,563.83 |
6,734.84 |
|
NIKKEI 225 |
17,424.18 |
0.66% |
14,218.60 |
17,370.93 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2964 |
-0.08% |
|
GBP/USD |
1.9739 |
-0.01% |
|
USD/CHF |
1.2486 |
0.08% |
|
USD/SEK |
7.0211 |
0.00% |
|
USD/JPY |
121.40 |
0.12% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2880 |
Res. 1 |
1.3000 |
|
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 |
635.25 |
1.19% |
|
SILVER |
12.82 |
1.26% |
|
OIL (BRENT) |
52.38 |
2.87% |
|
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.