|
"Everything that can be counted doesn't necessarily count; everything that counts can't necessarily be counted." - Einstein
FOREX MARKET
The greenback strengthened on Friday, testing 1.2600 support which managed to hold on for the moment. The move
came as the US Trade Deficit in April was USD -63.4bln below USD -65bln consensus estimate. The market
committed the euro sell-off mainly because the US import prices increased by 1.6% in May significantly above 0.7%
rise expected by the market, as cost of oil and industrial supplies rose. The data released on Friday fueled inflation
worries and pumped up expectations that the Federal Reserve might hike rates for the 17th time in a row to 5.25%.
The Romanian currency ended the week in tight range within quiet trade on Friday. The pair climbed until 3.5210
level, the highest, which triggered EUR selling and the bids fell until 3.5100 support zone. On Monday, the market
opened at 3.5150 and remained still in this zone until noon, ranging less than 50 pips in dormant trade. We expect
that the 3.5000 support to hold on this week, although the medium term trend is on the downside, as RON is likely to
be supported by massive FDI's and by the summer foreign remittances specific for the summer time, when Romanians
working abroad return for holiday.
MONEY MARKET
On June 12th, the National Bank held the usual Monday 1M depo auction. The overnight interest rates stay flat in the
8%-8.75% area.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5172 |
0.0016 |
-4.70% |
-3.28% |
|
USD/RON |
2.7772 |
0.0245 |
-10.87% |
-7.65% |
|
GBP/RON |
5.1208 |
0.0302 |
-4.47% |
-3.11% |
|
CHF/RON |
2.2559 |
0.0044 |
-5.23% |
-3.65% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.90% |
7.59% |
7.11% |
6.72% |
|
BUBOR |
8.74% |
8.64% |
8.53% |
8.53% |
|
LIBOR (EUR) |
2.47% |
2.84% |
3.10% |
3.32% |
|
LIBOR (USD) |
5.04% |
5.17% |
5.40% |
5.49% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,877.08 |
-0.76% |
|
BET-C |
4,181.71 |
-0.32% |
|
BET-FI |
36,709.15 |
-0.97% |
|
RASDAQC |
1,771.74 |
0.94% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.80 |
0.01% |
3.94 |
|
02-Jul-10 |
5.75% |
105.72 |
0.18% |
4.18 |
|
06-May-12 |
6.50% |
121.20 |
0.05% |
4.34 |
|
22-Jun-15 |
4.125% |
93.66 |
-0.06% |
5.01 |
|
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 |
1,252.30 |
-0.45% |
1,178.90 |
1,325.76 |
|
DJI |
10,891.92 |
-0.43% |
10,930.90 |
11,260.28 |
|
NASDAQ |
2,135.06 |
-0.48% |
2,151.80 |
2,344.99 |
|
XETRADAX |
5,464.08 |
1.50% |
5,383.28 |
6,140.72 |
|
NIKKEI 225 |
14,833.01 |
0.56% |
13,106.18 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2626 |
-0.07% |
|
GBP/USD |
1.8420 |
-0.01% |
|
USD/CHF |
1.2326 |
-0.06% |
|
USD/SEK |
7.2930 |
-0.25% |
|
USD/JPY |
114.15 |
0.18% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2600 |
Res. 1 |
1.2660 |
|
Sup. 2 |
1.2580 |
Res. 2 |
1.2700 |
|
Sup. 3 |
1.2520 |
Res. 3 |
1.2750 |
|
Sup. 4 |
1.2450 |
Res. 4 |
1.2930 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
605 |
-0.53% |
|
SILVER |
11.07 |
-1.42% |
|
OIL (BRENT) |
68.52 |
5.77% |
|
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.