FINANS DAILY
"When love and skill work together, expect a masterpiece." - John Ruskin
FOREX MARKET
The greenback dropped to six-week low against the euro on back of Fed's governor testimony to congressional committees,
as Bernanke underlined that inflationary pressures would be easing down. Therefore, the euro eroded the strong resistance
zone at 1.3100 level, rallying up to 1.3150 zone in early Thursday trading. Later, after a bunch of negative data for the US
economy, showing massive outflows of funds from US and Industrial Production decelerated in January, determined further
weakening of the dollar until 1.3170 level. On February 16th, the EUR/USD is being traded in the 1.3120-1.3140 zone, as
the market eyes new figures from US later, on Housing market and Producer Price Index.
On Thursday, the domestic currency opened at 3.3780 level and strengthened until 3.3700 zone. The rally of the RON could
not go any further and determined a slight correction to the upwards until 3.3800 zone.
On February 16th, the single currency was quoted at 3.3780 at the beginning of trading session. Shortly after, sustained
selling orders pushed the pair lower until 3.3700 zone where the EUR/RON reversed its move to 3.3750 level amid silent
domestic trading. We continue to believe that RON still has strong appreciation potential, as the yield differentials remained
high as compared to its regional peers.
MONEY MARKET
On February 16th, the overnight interest rates increased slightly until 4/5% zone, due to the three-month certificate of
deposit auction held by NBR yesterday. The National Bank drained RON 3bln from the interbank market at the average
yield of 6.93%, while the maximum accepted yield reached 7.47%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3803 |
-0.0073 |
-0.04% |
-0.04% |
|
USD/RON |
2.5744 |
-0.0146 |
0.26% |
0.23% |
|
GBP/RON |
5.0381 |
-0.0229 |
-0.55% |
-0.49% |
|
CHF/RON |
2.0786 |
-0.0038 |
-1.63% |
-1.45% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
3.59% |
6.05% |
6.22% |
6.16% |
|
BUBOR |
4.91% |
7.52% |
7.90% |
7.91% |
|
LIBOR (EUR) |
3.58% |
3.64% |
3.95% |
4.10% |
|
LIBOR (USD) |
5.33% |
5.32% |
5.39% |
5.39% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,845.45 |
-1.22% |
|
BET-C |
5,566.00 |
-0.45% |
|
BET-FI |
63,634.85 |
1.14% |
|
RASDAQC |
2,807.35 |
1.22% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.04 |
0.10% |
4.31 |
|
02-Jul-10 |
5.75% |
104.37 |
0.15% |
4.31 |
|
06-May-12 |
6.50% |
118.96 |
0.20% |
4.35 |
|
22-Jun-15 |
4 125% |
96.05 |
0.70% |
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 |
1,450.02 |
|
DJI |
12,765.01 |
0.18% |
12,552.55 |
12,741.86 |
|
NASDAQ |
2,497.10 |
0.35% |
2,431.07 |
2,502.82 |
|
XETRADAX |
6,951.75 |
-0.14% |
6,690.34 |
6,961.18 |
|
NIKKEI 225 |
17,875.65 |
-0.12% |
14,500.26 |
17,897.23 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3120 |
-0.11% |
|
GBP/USD |
1.9483 |
-0.82% |
|
USD/CHF |
1.2357 |
-0.06% |
|
USD/SEK |
7.0326 |
1.22% |
|
USD/JPY |
119.37 |
-0.46% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3150 |
|
Sup. 2 |
1.3070 |
Res. 2 |
1.3180 |
|
Sup. 3 |
1.3040 |
Res. 3 |
1.3220 |
|
Sup. 4 |
1.2960 |
Res. 4 |
1.3260 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
666 |
-0.40% |
|
SILVER |
13.9 |
-0.64% |
|
OIL (BRENT) |
54.14 |
-1.46% |
|
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% |
7.5% |
7.75% |
7.75% |
8.25% |
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.