|
"October is one of the peculiarly dangerous months to speculate in stocks. Other dangerous months are July, January, September,
April, November, May, March, June, December, August and February." - Mark Twain
FOREX MARKET
For the EUR/RON, we have a new strong support zone validated at 3.50. After the retracement of the move from 3.45 to 3.58 has ended, the
market has opened yesterday at 3.5130 and then the Euro has been bought throughout the day, especially in the second half of the trading
session. The European currency was quoted at 3.53 the highest, and 3.5280 at market close.
Today the market has opened with yet another gap, directly at 3.5350. Sellers, likely commercial, took advantage of this level and closed the
gap in the first minutes of the trading, and a low was established at 3.5250. Afterwards determined buyers have appeared in the market and
have bought the Euro to 3.5520 the highest. The current level is 3.5440.
It looks like investors have set the course again on emerging markets selling, as also other currencies, particularly the TRY have been hit
today. The preferred destination are the high rated fixed income instruments, as the major equity markets have also faced strong selling in the
past days.
Yesterday, on the return from holiday, the EUR/USD has been bought in European trading from 1.2760 to 1.2870 in anticipation of worsening
US consumer confidence. The Confidence index, when released, initially supported the dollar by coming out slightly higher than expected, and
as a consequence the EUR/USD returned to 1.2804. However, the focus shifted soon on the long term trend of US consumer spending, as the
value of the index was nonetheless lower than in the previous months, and the Dollar was sold to 1.2909. In European trading today, the pair
passed 1.29 once more, until 1.2903, and is now bided at 1.2890.
MONEY MARKET
RON O/Ns stand at the now classic 8/9% average in the interbank market. Lenders are willing to lower their asks to 8.7% for now, while
borrowers are biding as high as 8.5%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5305 |
0.0163 |
-4.34% |
-3.09% |
|
USD/RON |
2.7446 |
-0.0087 |
-11.92% |
-8.59% |
|
GBP/RON |
5.1533 |
0.0208 |
-3.87% |
-2.75% |
|
CHF/RON |
2.2649 |
0.0142 |
-5.23% |
-3.73% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.91% |
7.54% |
7.11% |
6.64% |
|
BUBOR |
8.63% |
8.60% |
8.51% |
8.44% |
|
LIBOR (EUR) |
2.61% |
2.78% |
3.07% |
3.29% |
|
LIBOR (USD) |
5.05% |
5.10% |
5.32% |
5.41% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,029.64 |
-1.60% |
|
BET-C |
4,283.60 |
-1.26% |
|
BET-FI |
40,529.84 |
-2.35% |
|
RASDAQC |
1,739.90 |
-0.43% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.98 |
-0.13% |
3.93 |
|
02-Jul-10 |
5.75% |
105.65 |
-0.20% |
4.21 |
|
06-May-12 |
6.50% |
121.19 |
-0.26% |
4.36 |
|
22-Jun-15 |
4.125% |
94.31 |
-0.32% |
4.91 |
|
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 |
1,259.84 |
-1.60% |
1,176.84 |
1,325.76 |
|
DJI |
11,094.43 |
-1.63% |
11,098.35 |
11,419.89 |
|
NASDAQ |
2,164.74 |
-2.06% |
2,158.76 |
2,370.88 |
|
XETRADAX |
5,622.43 |
-2.30% |
5,546.24 |
6,140.72 |
|
NIKKEI 225 |
15,467.33 |
-2.47% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2883 |
0.38% |
|
GBP/USD |
1.8826 |
0.50% |
|
USD/CHF |
1.2101 |
-0.43% |
|
USD/SEK |
7.1847 |
-0.78% |
|
USD/JPY |
111.87 |
0.05% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2800 |
Res. 1 |
1.2920 |
|
Sup. 2 |
1.2690 |
Res. 2 |
1.2970 |
|
Sup. 3 |
1.2590 |
Res. 3 |
1.3000 |
|
Sup. 4 |
1.2550 |
Res. 4 |
1.3050 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
653 |
0.31% |
|
SILVER |
12.97 |
1.73% |
|
OIL (BRENT) |
69.42 |
1.05% |
|
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.