CREDIT EUROPE DAILY
"If you set the example, you won't need to set many rules." - Mama Zigler
FOREX MARKET
On May 24th, the Romanian currency maintained in recent ranges, despite the bearish mood of investors towards
emerging markets. The single currency was quoted at 3.2730 level at the opening of domestic forex trading which seems
quite well bided as the exchange rate moved less than 30 pips in either direction amid modest transacted volumes.
On Friday, the domestic forex market opened started at 3.2780 level and held within this zone in the first part of the
session. It is likely that the Romanian currency could extend its losses against the hard currencies next week, whether
the National Bank refuses to drain the extra liquidity from the Romanian money market.
The greenback consolidated its recent gains against the euro yesterday in the 1.3420-1.3440 area, on back of strong
housing data in US, reinforcing the view that the Federal Reserve might keep rates on hold at 5.25% until the end of the
year. US new home sales in April rose at their fastest pace in the last 14 years, while the durable goods report, an
important capital spending indicator, increased less than expected after the previous month's readings had been revised
sharply upwards. On Friday early European trading, the dollar is holding up in the 1.3430 zone; later today players will be
watching the US existing home sales report.
MONEY MARKET
On Thursday, the overnight maturities recovered in the proximity of the monetary policy rate, respectively in the 7/8%
zone, as a new reserve period has started. However, in the second part of trading session, the ON interest rates
diminished slightly to 6/7% bids/asks, as the commercial banks started to price in the possibility that NBR could refrain
from sterilizing the excess liquidity on Monday. On May 25th, the overnight interest rates remained flat in the 6/7% zone,
despite RON 1.9bln are to return to the Central Bank today from the one-week repo auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.2742 |
-0.0043 |
-3.18% |
-2.29% |
|
USD/RON |
2.4357 |
-0.0040 |
-5.14% |
-3.71% |
|
GBP/RON |
4.8374 |
0.0132 |
-4.51% |
-3.25% |
|
CHF/RON |
1.9826 |
-0.0016 |
-6.18% |
-4.46% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.31% |
6.84% |
6.75% |
6.50% |
|
BUBOR |
7.18% |
7.75% |
7.86% |
7.78% |
|
LIBOR(EUR) |
3.84% |
3.97% |
4.23% |
4.41% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.38% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,633.46 |
-0.08% |
|
BET-C |
5,911.43 |
-0.18% |
|
BET-FI |
72,075.49 |
-1.20% |
|
RASDAQ C |
4,148.19 |
0.83% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.31 |
0.13% |
4.48 |
|
02-Jul-10 |
5.75% |
103.35 |
0.01% |
4.56 |
|
06-May-12 |
6.50% |
116.85 |
0.06% |
4.61 |
|
22-Jun-15 |
4.125% |
93.92 |
-0.09% |
5.06 |
|
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 |
-0.97% |
1,349.95 |
1,525.10 |
|
DJI |
13,441.13 |
-0.62% |
13,525.65 |
13,556.53 |
|
NASDAQ |
2,537.92 |
-1.52% |
2,459.31 |
2,588.02 |
|
XETRA DAX |
7,697.38 |
-0.50% |
7,415.33 |
7,735.88 |
|
NIKKEI 225 |
17,481.21 |
-1.22% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3424 |
-0.24% |
|
GBP/USD |
1.9860 |
-0.03% |
|
USD/CHF |
1.2284 |
0.11% |
|
USD/SEK |
6.8425 |
0.25% |
|
USD/JPY |
121.25 |
-0.26% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3420 |
Res. 1 |
1.3480 |
|
Sup. 2 |
1.3400 |
Res. 2 |
1.3500 |
|
Sup. 3 |
1.3370 |
Res. 3 |
1.3530 |
|
Sup. 4 |
1.3340 |
Res. 4 |
1.3570 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
654.25 |
-1.17% |
|
SILVER |
12.85 |
-1.53% |
|
OIL (BRENT) |
72.7 |
1.32% |
|
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.