FINANS DAILY
"There is nothing as strong as gentleness and nothing is so gentle as real strength." - Ralph W. Sockman
FOREX MARKET
On Monday, the greenback strengthened against the euro, sustained by a resilient US job market together stronger than
expected ISM services numbers. The US ISM Services index for January rose above consensus estimates, showing that
household consumption remains healthy, although cautiously optimistic as some of the details suggested. As a result, the
pair broke the support level at 1.2930 zone, dropping until 1.2910 level. For the moment, the interest rate outlook remains
uncertain; however we rather exclude an increase of the Federal Reserve's rate. On February 6th, the EUR/USD is traded in
the 1.2930-1.2940 zone in mid-European forex session. The pair is likely to stand in range as the data calendar is rather thin
today, with little risks residing from the Euro Zone Retail Sales numbers for December.
On Monday, the domestic market opened flat vs. Friday at 3.3840 level and shortly after RON started to strengthen,
breaking the 3.3800 support zone, following the bullish move on the emerging markets. The rally of the Romanian currency
continued until the strong threshold set at 3.3700 area, where importers decided to buy the euro for their future purchases,
pushing the pair in the 3.3750-3.3780 zone, remaining flat by the end of the trading.
On February 6th, the Romanian currency was quoted at 3.3700 level, which was broken shortly after the opening of trading
session. The domestic currency appreciated until 3.3640 level against the euro, but could not push further and reversed its
move towards 3.3700 area. We expect that RON would be bided in the 3.3700-3.3750 zone in the second part of domestic
trading, in line with its regional peers which tend to consolidate their fresh gains against the euro.
MONEY MARKET
On February 6th, the overnight interest rates diminished slightly down to 6.5/7.7% levels, as the National Bank sterilized
only RON 1bln from the interbank market at yesterday's auction. The NBR seems determined to continue its partial
sterilization, as the allocation ratio stood at only 10.8%, at the fixed rate of 8.75%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3789 |
-0.0088 |
-0.08% |
-0.07% |
|
USD/RON |
2.6121 |
0.0097 |
1.73% |
1.57% |
|
GBP/RON |
5.1141 |
-0.0040 |
0.95% |
0.86% |
|
CHF/RON |
2.0884 |
-0.0063 |
-1.17% |
-1.06% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.47% |
6.69% |
6.22% |
6.09% |
|
BUBOR |
7.72% |
8.28% |
8.28% |
8.23% |
|
LIBOR (EUR) |
3.58% |
3.61% |
3.91% |
4.05% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.40% |
5.41% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,865.97 |
-2.03% |
|
BET-C |
5,547.69 |
-1.19% |
|
BET-FI |
65,195.39 |
-1.09% |
|
RASDAQC |
2,684.21 |
0.44% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.18 |
-0.03% |
4.34 |
|
02-Jul-10 |
5.75% |
104.43 |
-0.04% |
4.31 |
|
06-May-12 |
6.50% |
119.15 |
0.02% |
4.33 |
|
22-Jun-15 |
4 125% |
96.00 |
0.03% |
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 |
-0.10% |
1,236.20 |
1,445.94 |
|
DJI |
12,661.74 |
0.07% |
12,621.69 |
12,673.68 |
|
NASDAQ |
2,470.60 |
-0.21% |
2,413.51 |
2,502.82 |
|
XETRADAX |
6,889.80 |
0.06% |
6,678.93 |
6,885.76 |
|
NIKKEI 225 |
17,406.86 |
0.36% |
14,500.26 |
17,547.11 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2927 |
-0.23% |
|
GBP/USD |
1.9624 |
-0.16% |
|
USD/CHF |
1.2486 |
0.08% |
|
USD/SEK |
7.0707 |
1.32% |
|
USD/JPY |
120.48 |
-0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2920 |
Res. 1 |
1.2980 |
|
Sup. 2 |
1.2900 |
Res. 2 |
1.3040 |
|
Sup. 3 |
1.2870 |
Res. 3 |
1.3100 |
|
Sup. 4 |
1.2800 |
Res. 4 |
1.3180 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
651.1 |
0.62% |
|
SILVER |
13.5 |
0.97% |
|
OIL (BRENT) |
58.98 |
3.04% |
|
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.