|
"Enron: Strong buy." - The rating maintained by Lehman Brothers as Enron's stock declined from $81 to $0.75 due to a policy of the
firm of not changing the rating on any company involved in a deal in which Lehman was an adviser.
FOREX MARKET
On Friday the EUR/RON has taken another shot at the 3.50 support zone. The pair opened at 3.5320 and was sold constantly to 3.5060.
Players counted on a return of the market back to below 3.49 once the regional move of exiting emerging markets ceased. In the second
half of the trading session however, the Euro was bought back to 3.52, where the market closed.
Today the market has opened in a more calm mood than lately, with the opening at 3.52 and even some selling to 3.5170 in the first
hour. This state of things was, however, only apparent, as in the next hour the Euro surged more than 400pips, as probably non-resident
investors further closed their RON positions and banks rode the buying wave. The maximum was 3.5630, the same as last week's,
which looks now more likely to fall taking into account the amplitude of the current move.
This selling of the Leu comes amid a similar move on most emerging markets, best seen on the FX and capital markets of Turkey or
India.
The US dollar seems the be reaping the benefits of the above trend, as it has strengthen in the past days versus major currencies and
emerging market currencies as well. The EUR/USD has recommenced its slide on Friday, going from 1.2870 to 1.2692. The pair then
threaded water for most of the Asian session today and afterwards hit again the 1.2690-1.27 support zone, only to be denied again. The
Euro stands now at 1.2740.
MONEY MARKET
RON O/N rates have increased from 1/4% on Friday to 3/6% on average today. Although this is the second last day of the minimum
reserve period, banks have anticipated a possible depo auction by the NBR and have, as a result, increased their prices.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Yearto Date (%) |
Annualized |
|
|
EUR/RON |
3.5190 |
-0.0161 |
-4.65% |
-3.37% |
|
USD/RON |
2.7600 |
-0.0035 |
-11.42% |
-8.36% |
|
GBP/RON |
5.1682 |
-0.0500 |
-3.59% |
-2.60% |
|
CHF/RON |
2.2609 |
-0.0202 |
-5.23% |
-3.80% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
1.43% |
6.94% |
6.86% |
6.51% |
|
BUBOR |
3.74% |
8.51% |
8.63% |
8.54% |
|
LIBOR (EUR) |
2.61% |
2.70% |
3.07% |
3.30% |
|
LIBOR (USD) |
5.03% |
5.08% |
5.30% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,148.50 |
-0.16% |
|
BET-C |
4,358.82 |
-0.15% |
|
BET-FI |
42,687.30 |
-1.32% |
|
RASDAQC |
1,728.10 |
0.25% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
113.26 |
-0.05% |
3.88 |
|
02-Jul-10 |
5.75% |
105.67 |
-0.21% |
4.21 |
|
06-May-12 |
6.50% |
121.69 |
0.09% |
4.29 |
|
22-Jun-15 |
4.125% |
94.66 |
-0.06% |
4.86 |
|
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 |
1,267.03 |
0.41% |
1,176.84 |
1,325.76 |
|
DJI |
11,144.06 |
#REF! |
11,128.29 |
11,642.65 |
|
NASDAQ |
2,193.88 |
0.62% |
2,195.80 |
2,370.88 |
|
XETRADAX |
5,672.28 |
0.11% |
5,652.72 |
6,140.72 |
|
NIKKEI 225 |
15,857.87 |
-1.84% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2708 |
-0.89% |
|
GBP/USD |
1.8657 |
-1.30% |
|
USD/CHF |
1.2212 |
1.08% |
|
USD/SEK |
7.3635 |
0.82% |
|
USD/JPY |
112.75 |
1.66% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2690 |
Res. 1 |
1.2780 |
|
Sup. 2 |
1.2580 |
Res. 2 |
1.2920 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2500 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
643.9 |
-5.93% |
|
SILVER |
12.02 |
-5.95% |
|
OIL (BRENT) |
66.62 |
-0.69% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.00% |
3.75% |
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.