|
"Common sense is genius dressed up in work clothes." - Ralph Waldo Emerson
FOREX MARKET
The European currency developed a strong rally on Monday, due to the shrinkage of the US Empire Manufacturing
for April which came out at 15.8 vs. 24.3 expected and 29.0 previously. The EUR/USD soared from 1.2120 and
broke the resistance at 1.2220, reaching as high as 1.2290. This steep move might be the beginning of a major dollar
decline. Today, the market watchers will be focusing on the US PPI and especially on the US Housing Starts and
Building Permits numbers; also in late trading there will be released the FOMC minutes.
The domestic currency failed to break the 3.4800 support on Monday, as the local corporate clients purchased the
euro and pushed the pair higher to 3.4900 zone. The RON weakened on Monday within thin traded volumes, as the
foreign players stayed out of the Romanian market celebrating the Catholic Easter. On April 18th, the EUR/RON
remained rangebound between the same levels as yesterday. However we remain confident in RON竡s appreciation in
the short run, to be determined by the high remittances coming from Romanians working abroad.
MONEY MARKET
The National Bank undertook an ample open market operation on April 17th, as it sterilized RON 4.32bln, the entire
offer of the banks at the fixed 8.5% key rate. Despite the massive draining, the overnight rates dropped to 7-8.5%
area today. The short term yields are expected to decrease even lower, as on Thursday, there will reach to maturity a
deposit of RON 9.5bln placed at NBR.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4850 |
-0.0108 |
-5.58% |
-4.33% |
|
USD/RON |
2.8611 |
-0.0268 |
-8.18% |
-6.37% |
|
GBP/RON |
5.0296 |
-0.0280 |
-6.17% |
-4.80% |
|
CHF/RON |
2.2165 |
-0.0077 |
-5.23% |
-4.06% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.09% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
8.35% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.64% |
2.91% |
3.18% |
|
LIBOR (USD) |
4.82% |
4.91% |
5.22% |
5.36% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,507.75 |
-0.01% |
|
BET-C |
4,557.96 |
0.31% |
|
BET-FI |
46,521.84 |
1.05% |
|
RASDAQC |
1,716.63 |
-0.19% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.68 |
-0.15% |
3.94 |
|
02-Jul-10 |
5.75% |
105.98 |
0.06% |
4.16 |
|
06-May-12 |
6.50% |
122.08 |
0.01% |
4.27 |
|
22-Jun-15 |
4.125% |
94.92 |
-0.15% |
4.82 |
|
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 |
1,285.33 |
-0.29% |
1,176.84 |
1,311.56 |
|
DJI |
11,073.78 |
-0.57% |
11,089.63 |
11,239.55 |
|
NASDAQ |
2,311.16 |
-0.64% |
2,249.72 |
2,361.17 |
|
XETRADAX |
5,918.57 |
0.00% |
5,890.63 |
6,031.39 |
|
NIKKEI 225 |
17,232.86 |
1.37% |
12,506.97 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2243 |
0.58% |
|
GBP/USD |
1.7710 |
0.73% |
|
USD/CHF |
1.2798 |
-0.88% |
|
USD/SEK |
7.6002 |
-0.55% |
|
USD/JPY |
117.77 |
-0.39% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2210 |
Res. 1 |
1.2290 |
|
Sup. 2 |
1.2180 |
Res. 2 |
1.2330 |
|
Sup. 3 |
1.2100 |
Res. 3 |
1.2480 |
|
Sup. 4 |
1.1980 |
Res. 4 |
1.2590 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
614.6 |
1.49% |
|
SILVER |
13.44 |
1.05% |
|
OIL (BRENT) |
70.43 |
1.73% |
|
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.