|
"Conditions are never just right. People who delay action until all factors are favorable do nothing." - William Feather
FOREX MARKET
The US New Housing Starts for March was out at 1960K vs. 2025K expected, while the Building Permits came out
at 2059K vs. 2100K expected. The US FOMC minutes were more dovish than expected, indicating that Fed is on
way to halt the hiking cycle at 5%, the more so as the incoming data are supporting this move. The poor housing
data, as well as softer than expected PPI advance support our view of a weaker dollar, as the market seems to have
switched from interest rate differentials to macro-economical imbalances. The EUR/USD developed a strong rally on
Tuesday climbing as high as 1.2360 and remained in the same zone today also.
On April 18th, the EUR/RON tested the 3.4800 zone in late trading, however it held on, as the foreign remittances
were counteracted by the hard currency purchases meant to sustain the continuously increasing imports. On
Wednesday, the forex market opened at 3.4800; the quotes ranged no more than 50 pips around this level within calm
trade. It is likely that the 3.4700 area will not be eroded this week, the more so as the high RON surplus in interbank
market will put downward pressure over the domestic currency.
MONEY MARKET
The overnight interest rates shrunk to 2-5% levels on Wednesday, due to the increasing liquidity on the Romanian
money market. Probably, the short term rates will go even lower in the last two days of the week, as tomorrow will
be plunging over the market RON 9.5bln from a matured deposit at NBR.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4873 |
0.0023 |
-5.51% |
-4.27% |
|
USD/RON |
2.8441 |
-0.0170 |
-8.73% |
-6.79% |
|
GBP/RON |
5.0387 |
0.0091 |
-6.00% |
-4.66% |
|
CHF/RON |
2.2279 |
0.0114 |
-5.23% |
-4.05% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
2.45% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
4.79% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.64% |
2.91% |
3.19% |
|
LIBOR (USD) |
4.80% |
4.92% |
5.22% |
5.33% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,495.40 |
-0.16% |
|
BET-C |
4,551.43 |
-0.14% |
|
BET-FI |
46,479.68 |
-0.09% |
|
RASDAQC |
1,718.65 |
0.12% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.94 |
0.23% |
3.81 |
|
02-Jul-10 |
5.75% |
106.11 |
0.12% |
4.12 |
|
06-May-12 |
6.50% |
122.26 |
0.15% |
4.24 |
|
22-Jun-15 |
4.125% |
95.07 |
0.16% |
4.80 |
|
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 |
1,307.65 |
1.74% |
1,176.84 |
1,311.56 |
|
DJI |
11,268.77 |
1.76% |
11,073.78 |
11,239.55 |
|
NASDAQ |
2,356.14 |
1.95% |
2,249.72 |
2,361.17 |
|
XETRADAX |
5,902.58 |
-0.27% |
5,890.63 |
6,031.39 |
|
NIKKEI 225 |
17,350.12 |
0.68% |
12,533.89 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2357 |
0.93% |
|
GBP/USD |
1.7830 |
0.68% |
|
USD/CHF |
1.2680 |
-0.92% |
|
USD/SEK |
7.5249 |
-0.99% |
|
USD/JPY |
116.99 |
-0.66% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2210 |
Res. 1 |
1.2370 |
|
Sup. 2 |
1.2180 |
Res. 2 |
1.2410 |
|
Sup. 3 |
1.2100 |
Res. 3 |
1.2480 |
|
Sup. 4 |
1.1980 |
Res. 4 |
1.2590 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
623.7 |
1.48% |
|
SILVER |
14.04 |
4.46% |
|
OIL (BRENT) |
71.12 |
0.98% |
|
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.