|
"It is a socialist idea that making profits is a vice; I consider the real vice is making losses." - Sir Winston
Churchill
FOREX MARKET
The Euro has been sold across the board yesterday against the Leu for most of the trading session. The pair
opened at 3.6330 and descended continuously, through the previous support at 3.6200, to as low as 3.6120.
Buyers became more interested at this level and the market closed at 3.62.
Today, despite selling by commercial clients, the eur/ron looks well suported for now at 3.62, where the market
has opened. A temporary top is in place at 3.6250 and it seems that the Euro will close the week above RON
3.62.
Following a strong figure for US Retail Sales, the dollar broke the 1.2230 resistance and gained ground against
the euro until 1.2190. The EUR/USD now looks set to take a breath in the 1.2190-1.2230 range until the
afternoon, when investors will find out by how much the US economy grew in the last quarter of 2005.
MONEY MARKET
Over-night RON deposits were being quoted yesterday at 7/9% on the back of increased financing demand from
commercial banks. On top of that, the NBR then organized a depo auction through which it withdrew RON 1,78
billion at a fixed rate of 7.5%. The high level of the rates on the interbank market and the demand for RON
reduced significantly the ammounts offered by the banks at the auction. Today the market looks strong at the
same 7/9% over-night.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6174 |
-0.0150 |
-8.80% |
-8.22% |
|
USD/RON |
2.9545 |
0.0007 |
1.62% |
1.51% |
|
GBP/RON |
5.2755 |
-0.0076 |
-5.98% |
-5.58% |
|
CHF/RON |
2 3354 |
-0.0084 |
-9.14% |
-8.54% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.57% |
4.94% |
5.03% |
5.00% |
|
BUBOR |
6.52% |
7.50% |
7.42% |
7.42% |
|
LIBOR (EUR) |
2.34% |
2.38% |
2.67% |
2.86% |
|
LIBOR (USD) |
4.41% |
4.56% |
4.77% |
4.89% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
7,971.33 |
1.55% |
|
BET-C |
4,648.27 |
1.49% |
|
BET-FI |
52,816.65 |
3.06% |
|
RASDAQC |
1,730.22 |
-0.02% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
116.31 |
-0.06% |
3.44 |
|
02-Jul-10 |
5.75% |
108.07 |
-0.10% |
3.72 |
|
06-May-12 |
6.50% |
125.00 |
-0.54% |
3.91 |
|
22-Jun-15 |
4.125% |
98.35 |
-0.34% |
4.34 |
|
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% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,273.83 |
0.72% |
1,176.84 |
1,294.18 |
|
DJI |
10,809.47 |
0.93% |
10,667.39 |
11,043.44 |
|
NASDAQ |
2,283.00 |
0.99% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,621.91 |
3.42% |
5,323.87 |
5,542.13 |
|
NIKKEI 225 |
16,460.68 |
3.58% |
11,160.88 |
16,454.95 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2211 |
-0.41% |
|
GBP/USD |
1.7789 |
-0.42% |
|
USD/CHF |
1.2700 |
0.50% |
|
USD/SEK |
7.5700 |
0.03% |
|
USD/JPY |
116.32 |
0.64% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2170 |
Res. 1 |
1.2320 |
|
Sup. 2 |
1.2100 |
Res. 2 |
1.2350 |
|
Sup. 3 |
1.2030 |
Res. 3 |
1.2380 |
|
Sup. 4 |
1.2000 |
Res. 4 |
1.2500 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
559 |
-0.48% |
|
SILVER |
9.63 |
1.80% |
|
OIL (BRENT) |
61.97 |
0.52% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.50% |
4.25% |
4.25% |
4.50% |
USD 1,000 |
|
EUR |
0.50% |
3.00% |
3.50% |
4.00% |
4.25% |
4.25% |
EUR 1,000 |
|
RON |
0.50% |
4.0% |
4.5% |
5.0% |
5.0% |
5.50% |
RON 2,000 |
Released by FINANSBANK Romania S.A., Splaiul Unirii no.12, Bl. B6 040034, Bucharest. For further information please contact Melania Hancila Treasury & Capital Markets Division, Phone 301 73 42, Fax 318 09 61.
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 FINANSBANK Romania S.A., Splaiul Unirii nr.12, Bl. B6 040034, Bucuresti. Pentru mai multe informatii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 301 73 42, Fax: 318 09 61.
Acest buletin are scop informativ si nu reprezinta un 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.