|
"If you can tell the difference between good advice and bad advice, you don't need advice." - Anon
FOREX MARKET
On January 27th, the market sent us clear signals that it is concentrating more on the future macro-economical
prospectus of the US and the rate differentials, not on the past data, as the poor US GDP growth did not affect
the greenback. Therefore, the USD enforced late on Friday and came back in the 1.2080 area. This week we
have a key FOMC meeting on Tuesday night, then the ISM Manufacturing and Non-manufacturing and
Employment data and the Iran situation. The EUR/USD reversed back into the old 1.2050 to 1.2150 range,
and may continue lower for a test of 1.2000 in the short term.
Lately, the Romanian currency gained ground against the euro due to NBR's substantial intervention which
managed to reduce the surplus on the money market. The pair became rangebound in the 3.6150-3.6250 area,
on the back of large sales coming from corporate clients for the end-month usual payments and due to the
recent high interests for the RON deposits.
MONEY MARKET
The overnight interest rates remained in the 7-8.5% area on Monday, as the demand of the commercial banks
for the RON is still high. However, we expect that the short-term rates would decrease several percentage
points by the end of the week.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Date(%) |
Annualized |
|
|
EUR/RON |
3.6242 |
0.0068 |
-8.63% |
-8.00% |
|
USD/RON |
2.9718 |
0.0173 |
1.64% |
1.52% |
|
GBP/RON |
5.2873 |
0.0118 |
-5.77% |
-5.34% |
|
CHF/RON |
2 3326 |
-0 0028 |
-9.25% |
-8.58% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.06% |
5.73% |
5.36% |
5.35% |
|
BUBOR |
8.13% |
7.73% |
7.42% |
7.48% |
|
LIBOR (EUR) |
2.34% |
2.38% |
2.67% |
2.87% |
|
LIBOR (USD) |
4.46% |
4.56% |
4.79% |
4.91% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,878.12 |
-1.17% |
|
BET-C |
4,602.78 |
-0.98% |
|
BET-FI |
52,858.93 |
0.08% |
|
RASDAQC |
1,745.06 |
0.86% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
0.00 |
0.00% |
0.00 |
|
02-Jul-10 |
5.75% |
116.25 |
7.57% |
3.43 |
|
06-May-12 |
6.50% |
108.11 |
-13.51% |
3.71 |
|
22-Jun-15 |
4.125% |
98.39 |
0.04% |
4.33 |
|
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% |
|
RO0505CTN031 |
20 September 2005 |
22 September 2005 |
22 December 2005 |
5.33% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P500 |
1,283.72 |
0.78% |
1,176.84 |
1,294.18 |
|
DJI |
10,907.21 |
0.90% |
10,667.39 |
11,043.44 |
|
NASDAQ |
2,304.23 |
0.93% |
2,205.32 |
2,331.36 |
|
XETRADAX |
5,647.42 |
0.45% |
5,323.87 |
5,621.91 |
|
NIKKEI 225 |
16,551.23 |
0.55% |
11,311.51 |
16,460.68 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2110 |
-0.83% |
|
GBP/USD |
1.7667 |
-0.69% |
|
USD/CHF |
1.2823 |
0.97% |
|
USD/SEK |
7.6207 |
0.67% |
|
USD/JPY |
117.36 |
0.89% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2070 |
Res. 1 |
1.2220 |
|
Sup. 2 |
1.2040 |
Res. 2 |
1.2320 |
|
Sup. 3 |
1.2000 |
Res. 3 |
1.2350 |
|
Sup. 4 |
1.1930 |
Res. 4 |
1.2380 |
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
560.5 |
0.27% |
|
SILVER |
9.65 |
0.21% |
|
OIL (BRENT) |
64.77 |
4.52% |
|
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.