|
"Behind every successful man is his woman. Behind the fall of a successful man is usually another woman." - Sim York
Soo
FOREX MARKET
There is pretty much tension out on the market right now with the ECB due to announce they should keep the monetary
policy rate unchanged at 2.5% in April. The main issue is on Jean-Claude Tricket's statement which is expected to give
us some clues about a possible rate hike in May, due to the recovery prospects recorded by the Euro Zone economies. As
we previously anticipated, the EUR/USD failed to break the 1.2320 resistance yesterday due to the lack of more
consistent data. 1.2500 became the target area for the pair, however we need stronger incentives to price in new heights.
The domestic currency entered a bearish path lately, as the euro enforcement on the international markets propagated
over the Romanian one, as well. On Wednesday, the EUR/RON headed towards 3.5300 zone, however it couldn't push
higher than 3.5270 level. We expect this level to hold for the remaining of the trading session. However tomorrow it is
likely the pair would commit even higher and erode the 3.5300 zone. Starting next week we favour a reversal of the latest
upward trend, due to the substantial inflows specific for this time of the year. The depo and CD auctions to be held the
week to come shall support a stronger RON.
MONEY MARKET
The overnight yields decreased slightly to 7.75-8.75% on April 6th, as the RON excess has grown a bit on the
interbank market.
Starting March 23rd, Finansbank has hiked again its interest rates, offering for several maturities the best yields in
the market both for RON and EUR deposits.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5248 |
0.0093 |
-4.50% |
-3.58% |
|
USD/RON |
2.8766 |
-0.0100 |
-7.68% |
-6.13% |
|
GBP/RON |
5.0397 |
0.0006 |
-5.99% |
-4.77% |
|
CHF/RON |
2.2318 |
0.0091 |
-5.23% |
-4.17% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.24% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.45% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.63% |
2.65% |
3.00% |
3.25% |
|
LIBOR (USD) |
4.79% |
4.84% |
5.16% |
5.28% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,313.20 |
-0.50% |
|
BET-C |
4,351.54 |
-0.67% |
|
BET-FI |
46,126.90 |
0.70% |
|
RASDAQC |
1,710.32 |
0.00% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
114.14 |
0.04% |
3.81 |
|
02-Jul-10 |
5.75% |
106.36 |
-0.03% |
4.07 |
|
06-May-12 |
6.50% |
122.73 |
-0.02% |
4.18 |
|
22-Jun-15 |
4.125% |
95.57 |
0.00% |
4.74 |
|
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&P500 |
1,311.56 |
0.43% |
1,176.84 |
1,307.25 |
|
DJI |
11,239.55 |
0.32% |
11,109.32 |
11,317.43 |
|
NASDAQ |
2,359.75 |
0.61% |
2,249.72 |
2,340.82 |
|
XETRADAX |
6,029.20 |
0.26% |
5,870.88 |
6,024.05 |
|
NIKKEI 225 |
17,489.33 |
1.42% |
12,309.83 |
17,333.31 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2282 |
0.14% |
|
GBP/USD |
1.7511 |
-0.46% |
|
USD/CHF |
1.2857 |
-0.07% |
|
USD/SEK |
7.5993 |
-0.52% |
|
USD/JPY |
117.58 |
0.66% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2270 |
Res. 1 |
1.2320 |
|
Sup. 2 |
1.2240 |
Res. 2 |
1.2360 |
|
Sup. 3 |
1.2205 |
Res. 3 |
1.2400 |
|
Sup. 4 |
1.2180 |
Res. 4 |
1.2524 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
592.25 |
1.36% |
|
SILVER |
11.86 |
1.98% |
|
OIL (BRENT) |
66.93 |
1.10% |
|
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% |
3.25% |
3.75% |
4.25% |
4.50% |
4.50% |
EUR 1,000 |
|
RON |
2.00% |
6.5% |
7.5% |
7.5% |
7.75% |
8.00% |
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.