CREDIT EUROPE DAILY
"If you can tell the difference between good advice and bad advice, you don't need advice." - anonymous
FOREX MARKET
On Friday, the domestic forex market opened at 3.3600 level, which was intra-day high, as both local and offshore
players decided to sell the euro. The remittances from Romanians working abroad started to put upward
pressure over RON which rallied until 3.3470 level, reaching one-week high against the euro.
On April 2nd, the Romanian currency was bided in the 3.3500 area after which aggressive euro sell-off drove the
pair lower down to 3.3420 zone in the first half of trading session. It is likely that RON would ease some of its
recent gains later today or tomorrow, as it might be slightly affected by the decision of Romanian Prime Minister to
reshuffle the government on Sunday.
On Friday, the greenback extended previous gains against the euro after favourable data in the US. The US
manufacturing survey for March showed a rebound in business activity, while US core inflation came out slightly
higher than expected, all together inducing a rally of the dollar until 1.3285 level. On Monday, the European
currency recovered some of the recent losses against the USD, as investors are prudent ahead of major US data
to figure out whether Fed would diminish the benchmark rate this year. In mid-European session, the EUR/USD is
traded in the 1.3340-1.3350 area.
MONEY MARKET
On Monday, the overnight maturities are traded in the proximity of the monetary policy rate, with bids/asks ranging
in the 7.4-7.9% zone. Today, NBR announced that it would hold deposit auction in its effort to drain the extra
liquidity on the interbank money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.3548 |
-0.0110 |
-0.80% |
-0.64% |
|
USD/RON |
2.5191 |
-0.0031 |
-1.89% |
-1.51% |
|
GBP/RON |
4.9324 |
-0.0213 |
-2.64% |
-2.11% |
|
CHF/RON |
2.0647 |
-0.0121 |
-2.29% |
-1.83% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.01% |
6.97% |
6.63% |
6.44% |
|
BUBOR |
7.89% |
7.91% |
7.91% |
7.78% |
|
LIBOR(EUR) |
3.94% |
3.87% |
4.04% |
4.18% |
|
LIBOR(USD) |
5.48% |
5.32% |
5.33% |
5.22% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,526.95 |
-0.54% |
|
BET-C |
5,589.70 |
0.34% |
|
BET-FI |
58,483.19 |
-1.52% |
|
RASDAQ C |
3,141.04 |
0.00% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.23 |
0.04% |
4.34 |
|
02-Jul-10 |
5.75% |
103.89 |
-0.10% |
4.43 |
|
06-May-12 |
6.50% |
118.19 |
-0.09% |
4.43 |
|
22-Jun-15 |
4.125% |
95.56 |
-0.07% |
4.79 |
|
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 |
-0.12% |
1,285.58 |
1,459.68 |
|
DJI |
12,354.35 |
0.05% |
12,300.36 |
12,481.01 |
|
NASDAQ |
2,421.64 |
0.16% |
2,340.68 |
2,524.94 |
|
XETRA DAX |
6,917.03 |
0.29% |
6,447.70 |
7,027.59 |
|
NIKKEI 225 |
17,028.41 |
-1.50% |
15,557.45 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3344 |
0.26% |
|
GBP/USD |
1.9705 |
0.71% |
|
USD/CHF |
1.2153 |
-0.43% |
|
USD/SEK |
6.9955 |
-0.29% |
|
USD/JPY |
117.70 |
-0.30% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3320 |
Res. 1 |
1.3370 |
|
Sup. 2 |
1.3260 |
Res. 2 |
1.3410 |
|
Sup. 3 |
1.3200 |
Res. 3 |
1.3480 |
|
Sup. 4 |
1.3160 |
Res. 4 |
1.3520 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
663.4 |
0.11% |
|
SILVER |
13.35 |
0.30% |
|
OIL (BRENT) |
69.01 |
1.89% |
|
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% |
3.75% |
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.