FINANS DAILY
"Worry does not empty tomorrow of its sorrow; it empties today of its strength." - Corrie Ten Boom
FOREX MARKET
Last week, a series of weak data for US, as the housing figures, capital flows and industrial production boosted expectations
that the Federal Reserve will resort to rate cuts in the second semester of the year. All these data together with the dovish
testimony of Fedys governor hurt the dollar, which fell to a six-month low against the euro. On February 19th, the financial
markets in US are closed for Presidentys Day and as well as Asian markets which are celebrating Chinese New Year. In
early European forex session, the EUR/USD is traded in the 1.3130-1.3150 zone and it is likely to remain in recent range as
there will not be any important economical releases today.
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.
On Monday, the Romanian currency was bided for 3.3740 at the opening and shortly after it started a rally against the euro
breaking the 3.3700 support zone. The selling pressure went as far as 3.3670 level, where the importers decided to purchase
the hard currency and the bids climbed until 3.3700-3.3720 zone. We expect RON to consolidate its recent gains vs. the
euro and even to further appreciate, as the interest of foreign investors for our currency remains high.
MONEY MARKET
On February 19th, the overnight maturities are traded for 4-6% bids/asks, but are strictly depending on the amplitude of
NBR's open market operation.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3763 |
-0.0040 |
-0.16% |
-0.14% |
|
USD/RON |
2.5729 |
-0.0015 |
0.21% |
0.18% |
|
GBP/RON |
5.0131 |
-0.0250 |
-1.04% |
-0.92% |
|
CHF/RON |
2.0805 |
0.0019 |
-1.54% |
-1.36% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.00% |
6.14% |
6.09% |
6.03% |
|
BUBOR |
5.41% |
7.58% |
7.84% |
7.81% |
|
LIBOR (EUR) |
3.58% |
3.65% |
3.95% |
4.09% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.38% |
5.36% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,805.80 |
-0.45% |
|
BET-C |
5,591.47 |
0.46% |
|
BET-FI |
61,679.73 |
-3.07% |
|
RASDAQC |
2,818.83 |
0.41% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.01 |
-0.03% |
4.32 |
|
02-Jul-10 |
5.75% |
104.23 |
-0.13% |
4.36 |
|
06-May-12 |
6.50% |
118.76 |
-0.17% |
4.38 |
|
22-Jun-15 |
4 125% |
95.62 |
-0.45% |
4.77 |
|
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 |
-0.09% |
1,236.20 |
1,455.30 |
|
DJI |
12,767.57 |
0.02% |
12,654.85 |
12,765.01 |
|
NASDAQ |
2,496.31 |
-0.03% |
2,431.07 |
2,502.82 |
|
XETRADAX |
6,973.32 |
0.31% |
6,726.01 |
6,961.18 |
|
NIKKEI 225 |
17,940.09 |
0.36% |
14,500.26 |
17,897.23 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3140 |
0.15% |
|
GBP/USD |
1.9507 |
0.12% |
|
USD/CHF |
1.2346 |
-0.09% |
|
USD/SEK |
7.0408 |
0.12% |
|
USD/JPY |
119.61 |
0.20% |
|
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 |
671 |
0.75% |
|
SILVER |
14 |
0.72% |
|
OIL (BRENT) |
56.67 |
4.67% |
|
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.