CREDIT EUROPE DAILY
"Don't judge each day by the harvest you reap, but by the seeds you plant." - Robert Louis Stevenson
FOREX MARKET
On April 17th, the single currency was bided at the 3.3290 level which could not held on and bids fell below
yesterday's low, respectively to 3.3230 level, nearing four-year's peak. For the rest of the trading, EUR/RON
ranged between 3.3250-3.3300 area, as the selling was counteracted by the purchases, as some investors
decided to take profits while others opened new positions on RON. After, the G7 finance officials took no attitude
against the induced weakens of yen, the high yielding currencies got a strong boost.
On Wednesday, the Romanian market opened in the 3.3260 zone, which was quite well priced in as the bids
remained within this zone. It is unlikely that RON would break the 3.3230 level today, as the off-shore players
seem to have lost some of their enthusiasm regarding RON, as they started to price in further cuts of the key rate.
The greenback continued to tumble against the euro on Tuesday, after weak data for US which reinforced
expectation that Fed would resort to rate cuts in the coming months. US core CPI came down at 0.1% m/m vs.
0.2% expected, revealing tapped inflation conditions. Therefore, the dollar hovered to a fresh two-year low against
the euro, until 1.3597 level, as investors shifted attention towards currencies with raising yields prospects.
MONEY MARKET
The overnight interest rates remained trapped in the 3/5% zone on Wednesday, as the Romanian money market
abounds in liquidity, now that the Minister of Finance has stayed out of the short term market.
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.3306 |
-0.0057 |
-1.51% |
-1.17% |
|
USD/RON |
2.4608 |
0.0006 |
-4.16% |
-3.23% |
|
GBP/RON |
4.9189 |
0.0140 |
-2.90% |
-2.25% |
|
CHF/RON |
2.0297 |
0.0003 |
-3.95% |
-3.06% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
2.94% |
6.51% |
6.61% |
6.52% |
|
BUBOR |
4.75% |
7.50% |
7.83% |
7.78% |
|
LIBOR(EUR) |
3.80% |
3.86% |
4.10% |
4.27% |
|
LIBOR(USD) |
5.38% |
5.32% |
5.37% |
5.34% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,814.96 |
1.34% |
|
BET-C |
5,913.63 |
0.91% |
|
BET-FI |
65,788.59 |
2.60% |
|
RASDAQ C |
3,745.39 |
0.08% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.90 |
-0.04% |
4.45 |
|
02-Jul-10 |
5.75% |
103.78 |
0.12% |
4.45 |
|
06-May-12 |
6.50% |
117.74 |
0.15% |
4.49 |
|
22-Jun-15 |
4.125% |
94.71 |
0.13% |
4.93 |
|
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 |
0.20% |
1,294.02 |
1,459.68 |
|
DJI |
12,773.04 |
0.41% |
12,552.96 |
12,720.46 |
|
NASDAQ |
2,516.95 |
-0.05% |
2,340.68 |
2,491.94 |
|
XETRA DAX |
7,348.83 |
0.15% |
6,816.89 |
7,338.06 |
|
NIKKEI 225 |
17,667.33 |
0.80% |
15,557.45 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3589 |
0.39% |
|
GBP/USD |
2.0096 |
0.91% |
|
USD/CHF |
1.2062 |
-0.54% |
|
USD/SEK |
6.7700 |
-0.53% |
|
USD/JPY |
118.86 |
-0.43% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3530 |
Res. 1 |
1.3600 |
|
Sup. 2 |
1.3480 |
Res. 2 |
1.3620 |
|
Sup. 3 |
1.3440 |
Res. 3 |
1.3680 |
|
Sup. 4 |
1.3400 |
Res. 4 |
1.3700 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
689.4 |
0.23% |
|
SILVER |
14 |
-0.21% |
|
OIL (BRENT) |
66.18 |
-1.14% |
|
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.