CREDIT EUROPE DAILY
"One of the most important things in communication is to hear what is not being said." - Peter Drucker
FOREX MARKET
On Friday, the domestic forex market started in the 3.2800 zone which was intraday high, as RON rebounded
against the euro on back of sustained selling coming mostly from domestic clients. Therefore, RON strengthened
gradually until 3.2675 level, mostly in the second part of forex trading.
On May 28th, the single currency was bided at 3.2670 level and climbed until 3.2740 level shortly after. Towards
noon time, the Romanian currency resumed the upward bias and rallied until 3.2630 level amid thin traded
volumes as some of the European fiancial markets are closed for holiday.
The American dollar remained within six-week high against the euro, strengthening up to 1.3410 level. However,
in late trading on Friday, the dollar gave up some of its recent gains against the euro reaching 1.3473 level, as the
US existing home sales in April dropped to its lowest level since June 2003. On May 28th, EUR/USD is traded in
the 1.3450 zone and it is likely to stay within recent ranges, as the American market and some of the European
ones are closed today.
MONEY MARKET
On May 25th, the overnight interest rates remained flat in the 6/7% zone, despite RON 1.9bln had to be
reimbursed to NBR as a one-week repo auction came to maturity. On Monday, the overnight maturities are traded
for 6.5/7.5% bids/asks, as the commercial banks are waiting for the NBR to announce one-month deposit auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.2751 |
0.0009 |
-3.15% |
-2.25% |
|
USD/RON |
2.4386 |
0.0029 |
-5.02% |
-3.60% |
|
GBP/RON |
4.8409 |
0.0035 |
-4.44% |
-3.18% |
|
CHF/RON |
1.9858 |
0.0032 |
-6.02% |
-4.32% |
|
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% |
3.98% |
4.23% |
4.42% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.38% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,696.96 |
0.74% |
|
BET-C |
5,939.12 |
0.47% |
|
BET-FI |
70,955.49 |
-1.55% |
|
RASDAQ C |
4,166.06 |
0.43% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.13 |
-0.17% |
4.63 |
|
02-Jul-10 |
5.75% |
103.23 |
-0.12% |
4.60 |
|
06-May-12 |
6.50% |
116.63 |
-0.19% |
4.65 |
|
22-Jun-15 |
4.125% |
93.70 |
-0.23% |
5.09 |
|
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 |
0.55% |
1,349.95 |
1,525.10 |
|
DJI |
13,507.28 |
0.49% |
13,441.13 |
13,556.53 |
|
NASDAQ |
2,557.19 |
0.76% |
2,480.32 |
2,588.02 |
|
XETRA DAX |
7,739.20 |
0.54% |
7,415.33 |
7,735.88 |
|
NIKKEI 225 |
17,587.59 |
0.61% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3453 |
0.22% |
|
GBP/USD |
1.9837 |
-0.12% |
|
USD/CHF |
1.2266 |
-0.15% |
|
USD/SEK |
6.8315 |
-0.16% |
|
USD/JPY |
121.61 |
0.30% |
|
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 |
655.95 |
0.26% |
|
SILVER |
12.94 |
0.70% |
|
OIL (BRENT) |
71.46 |
-1.71% |
|
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.