CREDIT EUROPE DAILY
"Hope is the ability to hear the music of the future. Faith is having the courage to dance to it today. "
FOREX MARKET
On Thursday, the Romanian forex market opened at 3.1420 level and held within this area in the first part of
trading, as bids did not rise higher than 50 pips above this level. In the second part of the trading, the domestic
currency recovered from its recent losses and strengthened gradually until 3.1250 level.
On July 6th, the single currency was quoted at 3.1290 level at the opening of the domestic trade, climbed slightly
up to 3.1330 level within several minutes. Afterwards, the selling pressure intensified and pushed the pair down to
3.1200 zone.
The greenback rebounded on Thursday after the US Institute for Supply Management's services index for June
surged to its highest level since the beginning of 2007. The ISM services figures cooled down expectations that
the Federal Reserve might be cutting the benchmark rate later this year. Bank of England raised the policy rate by
25 bps to 5.75% yesterday, as widely expected by the market. The European Central Bank kept the interest rate
flat at 4.0% this policy meeting, but suggested that it would be tightening monetary policy in the coming months to
smooth inflation.
MONEY MARKET
On Thursday, the Minister of Finance sold three-year benchmark bonds worth RON 145mln, although the
indicative amount stood at RON 500mln, as participants demanded higher yields than MF was willing to pay. The
average yield reached at 7.13%, while the coupon rate stood at 6.0%. The overnight interest rates decreased
slightly on Friday to 5.6/6.7% levels, as the liquidity crunch has eased down lately.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.1359 |
0.0005 |
-7.27% |
-4.87% |
|
USD/RON |
2.2962 |
-0.0052 |
-10.57% |
-7.12% |
|
GBP/RON |
4.6297 |
-0.0157 |
-8.61% |
-5.78% |
|
CHF/RON |
1.8971 |
0.0041 |
-10.22% |
-6.88% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
5.53% |
6.59% |
6.74% |
6.63% |
|
BUBOR |
6.63% |
7.56% |
7.63% |
7.58% |
|
EURIBOR |
4.07% |
4.10% |
4.34% |
4.56% |
|
LIBOR(USD) |
5.31% |
5.32% |
5.39% |
5.42% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
10,172.64 |
1.83% |
|
BET-C |
6,962.30 |
2.62% |
|
BET-FI |
87,287.56 |
0.29% |
|
RASDAQ C |
5,256.55 |
2.49% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
105.39 |
-0.09% |
4.75 |
|
02-Jul-10 |
5.75% |
102.27 |
0.00% |
4.91 |
|
06-May-12 |
6.50% |
114.73 |
-0.14% |
4.98 |
|
22-Jun-15 |
4.125% |
91.93 |
-0.20% |
5.40 |
|
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 |
0.03% |
1,374.12 |
1,539.18 |
|
DJI |
13,565.84 |
-0.08% |
13,535.43 |
13,577.30 |
|
NASDAQ |
2,656.65 |
0.44% |
2,506.34 |
2,644.95 |
|
XETRA DAX |
7,987.13 |
-1.09% |
7,801.23 |
8,090.49 |
|
NIKKEI 225 |
17,849.28 |
-0.44% |
15,725.94 |
18,240.30 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3585 |
-0.20% |
|
GBP/USD |
2.0092 |
-0.33% |
|
USD/CHF |
1.2190 |
0.21% |
|
USD/SEK |
6.7345 |
0.19% |
|
USD/JPY |
123.04 |
0.30% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3580 |
Res. 1 |
1.3660 |
|
Sup. 2 |
1.3540 |
Res. 2 |
1.3680 |
|
Sup. 3 |
1.3460 |
Res. 3 |
1.3720 |
|
Sup. 4 |
1.3420 |
Res. 4 |
1.3800 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
649.6 |
-0.87% |
|
SILVER |
12.47 |
-1.34% |
|
OIL (BRENT) |
76.44 |
1.31% |
|
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.