CREDIT EUROPE DAILY
"It is a pleasure to give advice, humiliating to need it, and normal to ignore it." - Oliver Wendell Holmes Jr.
FOREX MARKET
On Tuesday, the Romanian forex market opened in the 3.1050 zone which was well bided, as the exchange rate
ranged less than 50 pips in either direction in the first hours of trading. Afterwards, the domestic currency suffered
a slight downward correction, with bids reaching 3.1320 level, as it lost the support offered by the short term
interest rates, while the appetite for CEE currencies of foreign investors had eased down a bit.
On July 4th, the single currency was bided at 3.1325 level at the opening of the domestic session. Shortly after,
the bids climbed as high as 3.1465 level within less than one hour driven by hard buying orders from clients who
decided to cash in some of their profits. However, we expect this move to be only temporary and EUR/RON to
test the 3.0000 area soon.
The US dollar lost ground lately against its major peers, as investors decided to sell it in favour of currencies
which have prospects increasing their yields. Today, US financial markets are closed for holiday, as it is
celebrating the Independence Day. On Thursday, the market players will be focusing over ECB and BoE
monetary policy meetings. The Bank of England is widely expected to hike the benchmark rate by 25 bps to
5.75%, raising it above Fed's 5.25% policy rate. Also, the market will be eyeing the policy statement of ECB
looking for incentives for future hikes, although it is expected to keep rates on hold this meeting.
MONEY MARKET
On Tuesday, the overnight interest rates were traded for 6.5/7.5% bids/asks. On July 4th, the ON maturities are
quoted for 6/7% levels and they are likely to remain flat for the remaining of the week.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.1112 |
-0.0228 |
-8.00% |
-5.38% |
|
USD/RON |
2.2907 |
-0.0339 |
-10.78% |
-7.29% |
|
GBP/RON |
4.6289 |
0.0221 |
-8.63% |
-5.81% |
|
CHF/RON |
1.8878 |
-0.0001 |
-10.66% |
-7.21% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.30% |
6.75% |
6.74% |
6.68% |
|
BUBOR |
7.26% |
7.63% |
7.60% |
7.58% |
|
EURIBOR |
4.07% |
4.11% |
4.32% |
4.53% |
|
LIBOR(USD) |
5.33% |
5.32% |
5.38% |
5.39% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
9,744.90 |
0.97% |
|
BET-C |
6,641.35 |
1.08% |
|
BET-FI |
88,127.40 |
0.03% |
|
RASDAQ C |
5,128.77 |
0.79% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
105.45 |
-0.07% |
4.72 |
|
02-Jul-10 |
5.75% |
102.34 |
-0.19% |
4.88 |
|
06-May-12 |
6.50% |
115.03 |
-0.36% |
4.92 |
|
22-Jun-15 |
4.125% |
92.32 |
-0.47% |
5.33 |
|
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 |
0.36% |
1,374.12 |
1,539.18 |
|
DJI |
13,577.30 |
0.31% |
13,408.62 |
13,535.43 |
|
NASDAQ |
2,644.95 |
0.48% |
2,506.34 |
2,626.76 |
|
XETRA DAX |
8,050.68 |
1.16% |
7,680.76 |
8,090.49 |
|
NIKKEI 225 |
17,849.28 |
0.10% |
15,725.94 |
18,240.30 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3627 |
-0.01% |
|
GBP/USD |
2.0194 |
0.07% |
|
USD/CHF |
1.2148 |
0.26% |
|
USD/SEK |
6.7616 |
-0.29% |
|
USD/JPY |
123.04 |
0.30% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3520 |
Res. 1 |
1.3610 |
|
Sup. 2 |
1.3480 |
Res. 2 |
1.3630 |
|
Sup. 3 |
1.3420 |
Res. 3 |
1.3650 |
|
Sup. 4 |
1.3380 |
Res. 4 |
1.3680 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
654.3 |
-0.49% |
|
SILVER |
12.6 |
-0.32% |
|
OIL (BRENT) |
75.3 |
1.84% |
|
Interest Rates for Time Deposits of Credit Europe Bank |
|||||||
|
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% |
8.00% |
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.