FINANS DAILY
"When we seek to discover the best in others, we somehow bring out the best in ourselves." - William Arthur Ward
FOREX MARKET
On The Bank of Japan decided to raise the interest rates by 0.25% to a decade-high at 0.5%, which induced a rally of the yen
against the euro and dollar. However, the gains of the yen were limited and quickly reversed its course, as the market
realized that this rate hike will not damage the carry trades, but it would only make them a bit more expensive. The
EUR/USD remains trapped in recent range between 1.3130-1.3160 zone on Wednesday. Today, the market watchers will
be focusing over US Inflation indicators and the minutes of last FOMC meeting.
On February 20th, the domestic forex market opened in the 3.3750 zone, but the selling orders prevailed and pushed the
bids until 3.3700 area. It seems that plenty of stop-loss orders are placed at 3.3700 level, making this threshold so
difficult to break. The pair reversed its move to the upside climbing up to 3.3800 zone by noon time, as the low ON
interest rates affected the domestic currency. In the second part of the trading, euro eased on its previous gains,
stabilizing in the 3.3760-3.3780 zone until the closing time.
On Wednesday, the single currency was quoted at 3.3780 at the opening of domestic forex session. Afterwards, RON
faced a slight downward correction until 3.3830 level by noon, mirroring the course of its regional peers.
MONEY MARKET
The high liquidity in the domestic money market, specific for the last days of the reserve period, kept the overnight
interest rates trapped in the 0.8/2.5% zone.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3814 |
0.0087 |
-0.01% |
-0.01% |
|
USD/RON |
2.5713 |
0.0032 |
0.14% |
0.12% |
|
GBP/RON |
5.0121 |
0.0140 |
-1.06% |
-0.93% |
|
CHF/RON |
2.0795 |
-0.0015 |
-1.59% |
-1.39% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.89% |
5.93% |
6.09% |
6.03% |
|
BUBOR |
2.63% |
7.52% |
7.84% |
7.81% |
|
LIBOR (EUR) |
3.58% |
3.67% |
3.96% |
4.12% |
|
LIBOR (USD) |
5.30% |
5.32% |
5.39% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,759.12 |
-0.91% |
|
BET-C |
5,650.52 |
-0.47% |
|
BET-FI |
63,171.07 |
3.73% |
|
RASDAQC |
2,864.01 |
1.50% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.84 |
-0.03% |
4.39 |
|
02-Jul-10 |
5.75% |
104.21 |
0.01% |
4.36 |
|
06-May-12 |
6.50% |
118.87 |
0.10% |
4.36 |
|
22-Jun-15 |
4 125% |
95.74 |
0.24% |
4.75 |
|
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 |
0.28% |
1,236.20 |
1,456.81 |
|
DJI |
12,786.64 |
0.15% |
12,765.01 |
12,767.57 |
|
NASDAQ |
2,513.04 |
0.67% |
2,431.07 |
2,502.82 |
|
XETRADAX |
6,982.91 |
-0.06% |
6,789.11 |
6,987.08 |
|
NIKKEI 225 |
17,913.21 |
-0.14% |
14,500.26 |
17,940.09 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3151 |
0.02% |
|
GBP/USD |
1.9574 |
0.35% |
|
USD/CHF |
1.2362 |
0.04% |
|
USD/SEK |
7.0593 |
0.41% |
|
USD/JPY |
120.51 |
0.42% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3180 |
|
Sup. 2 |
1.3070 |
Res. 2 |
1.3220 |
|
Sup. 3 |
1.3040 |
Res. 3 |
1.3260 |
|
Sup. 4 |
1.2960 |
Res. 4 |
1.3350 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
659.4 |
-1.46% |
|
SILVER |
13.78 |
-1.08% |
|
OIL (BRENT) |
55.8 |
-1.73% |
|
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.