CREDIT EUROPE DAILY
"You must have long range goals to keep you from being frustrated by short range failures." - Charles Noble
FOREX MARKET
On Friday, the greenback posted new gains against the euro, as the job data showed that the US economy is holding
up better than some analysts had expected. The US Non-Farm Payrolls came out a bit lower than expected at 97K vs.
100K, while the Unemployment figures for February were even better than consensus estimates. The US International
Trade data came out below consensus estimates, respectively at USD -59.1bln. Therefore, the dollar rallied until
1.3090 support zone, which held on and the pair reversed its course to 1.3120 level. On March 12th, the euro
recovered some of the recent losses against the dollar, climbing up to 1.3180 zone until mid-European trading.
On March 9th, the Romanian currency appreciated against the hard currencies, as the high yielded RON continues to
attract off-shore funds. RON was bided at 3.3720 level at the opening and remained rather flat, gaining less than 50
pips in the first half of the forex session as the interest of clients was mixed. However, in late trading RON rallied until
3.3660 level, as the sellers prevailed the trade.
On Monday, the domestic forex market opened flat as compared to closing levels, respectively at 3.3670. Until noon,
the Romanian currency gained modestly against the euro, as the 3.3600 support zone held up quite well by now.
MONEY MARKET
On Monday, the overnight interest rates are traded for 7.5/8.5% bids/asks as the National Bank and Minister of
Finance announced their intention of draining liquidity from the Romanian money market today. The MF plans to attract
RON 300mln through one-year treasury bills, by the multiple price criteria.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to date(%) |
Annualized |
|
|
EUR/RON |
3.3761 |
-0.0031 |
-0.17% |
-0.14% |
|
USD/RON |
2.5675 |
-0.0011 |
0.00% |
0.00% |
|
GBP/RON |
4.9547 |
-0.0154 |
-2.20% |
-1.84% |
|
CHF/RON |
2.0928 |
-0.0111 |
-0.96% |
-0.80% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.62% |
7.37% |
6.50% |
6.41% |
|
BUBOR |
8.44% |
8.20% |
7.94% |
7.88% |
|
LIBOR(EUR) |
3.54% |
3.85% |
3.98% |
4.09% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.30% |
5.17% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,585.78 |
0.22% |
|
BET-C |
5,513.35 |
0.13% |
|
BET-FI |
56,527.41 |
0.96% |
|
RASDAQ C |
2,907.46 |
1.01% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.59 |
-0.07% |
4.38 |
|
02-Jul-10 |
5.75% |
104.25 |
-0.13% |
4.33 |
|
06-May-12 |
6.50% |
118.96 |
-0.19% |
4.31 |
|
22-Jun-15 |
4.125% |
95.86 |
-0.30% |
4.74 |
|
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 |
Year High |
|
|
S&P 500 |
1,318.03 |
0.07% |
1,263.20 |
1,459.68 |
|
DJI |
12,276.32 |
0.13% |
12,192.45 |
12,260.70 |
|
NASDAQ |
2,387.55 |
-0.01% |
2,340.68 |
2,524.94 |
|
XETRA DAX |
6,716.52 |
0.05% |
6,494.30 |
7,027.59 |
|
NIKKEI 225 |
17,292.39 |
0.75% |
14,821.26 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3128 |
-0.14% |
|
GBP/USD |
1.9374 |
0.34% |
|
USD/CHF |
1.2324 |
0.42% |
|
USD/SEK |
7.0872 |
0.24% |
|
USD/JPY |
118.37 |
0.84% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3200 |
|
Sup. 2 |
1.3090 |
Res. 2 |
1.3230 |
|
Sup. 3 |
1.3070 |
Res. 3 |
1.3260 |
|
Sup. 4 |
1.3020 |
Res. 4 |
1.3280 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
653 |
0.14% |
|
SILVER |
12.98 |
0.08% |
|
OIL (BRENT) |
59.9 |
-1.71% |
|
Interest Rates for Time Deposits of Credit Europe Bank (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% |
3.75% |
4.00% |
4.25% |
4.25% |
4.75% |
EUR 1,000 |
|
RON |
3.00% |
7.25% |
7.25% |
7.50% |
7.50% |
7.75% |
RON 2,000 |
Released by Credit Europe Bank Romania S.A.,3rd Nerva Traian Street, Bucharest. For further information please contact Melania Hancila -Treasury & Capital Markets Division, Phone 308 52 66, Fax 318 87 74.
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 Credit Europe Bank Romania S.A., Nerva Traian nr.3, Bucuresti. Pentru mai multe informatitii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 308 52 66, Fax: 318 87 74.
Acest buletin are scop informativ si nu reprezintaun 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.