FINANS DAILY
"Technology companies should be valued at a discount to the shares of companies like Disney and Coca-Cola, which
have long term earnings." - Bill Gates
FOREX MARKET
Yesterday the EUR/RON has surged to a 4-month high in the most volatile trading session of the past month. The market
opened at 3.5240 and in the first two hours the rate ranged between 3.5180 and 3.5270. Then in successive waves of buyings
the Euro surged first to 3.55, second to 3.59 and third to 3.61 the highest, each time in a matter of minutes. Towards markets
closed, the pair returned to 3.5830.
Today the Euro opened at 3.5880, shorts were opened aggressively to 3.5520 in the first trading hours, and at 3.55 buying
resumed to take the pair to 3.5760.
Yesterday's move comes after the Leu has resisted in the last days in the face of exits which have hit the other emerging
markets currencies in the area, notably the Polish Zlot and the Turkish Lira. Yesterday, the Leu has bowed in to pressure, and
looking at today's retracement, the 3.55 level can be the near term minimum for the pair.
The EUR/USD has continued to rise yesterday, to 1.2680 the highest in US trade, in the absence of important economic news.
Today, following data which has showed a lower than expected industrial activity in the Euro-zone for April, the Euro has
been sold to 1.2620. The pair is now quoted at 1.2628.
MONEY MARKET
On the money-market, RON O/N rates have rised further to 11/14% on average, significantly higher from 9.25/10.25%
yesterday. The rise comes as we are in the second-last day of the minimum reserve period and can continue further tomorrow.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5474 |
0.0226 |
-3.89% |
-2.65% |
|
USD/RON |
2.8073 |
0.0005 |
-9.91% |
-6.83% |
|
GBP/RON |
5.1779 |
0.0103 |
-3.41% |
-2.33% |
|
CHF/RON |
2.2738 |
0.0134 |
-5.23% |
-3.58% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.54% |
7.82% |
7.35% |
6.99% |
|
BUBOR |
9.73% |
8.69% |
8.61% |
8.56% |
|
LIBOR (EUR) |
2.85% |
2.88% |
3.16% |
3.41% |
|
LIBOR (USD) |
5.01% |
5.30% |
5.56% |
5.68% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,654.22 |
-1.03% |
|
BET-C |
4,039.60 |
-0.76% |
|
BET-FI |
35,165.16 |
-0.62% |
|
RASDAQC |
1,771.81 |
0.24% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.31 |
-0.01% |
4.09 |
|
02-Jul-10 |
5.75% |
105.01 |
-0.04% |
4.36 |
|
06-May-12 |
6.50% |
120.53 |
0.02% |
4.44 |
|
22-Jun-15 |
4.125% |
92.91 |
-0.24% |
5.12 |
|
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 |
1,252.20 |
0.97% |
1,218.59 |
1,325.76 |
|
DJI |
11,079.46 |
0.95% |
10,942.11 |
11,015.19 |
|
NASDAQ |
2,141.20 |
1.62% |
2,072.47 |
2,320.74 |
|
XETRADAX |
5,554.70 |
1.11% |
5,292.14 |
6,140.72 |
|
NIKKEI 225 |
15,135.69 |
3.36% |
13,894.78 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2638 |
0.12% |
|
GBP/USD |
1.8407 |
-0.27% |
|
USD/CHF |
1.2364 |
0.03% |
|
USD/SEK |
7.2860 |
-0.05% |
|
USD/JPY |
115.09 |
0.34% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2530 |
Res. 1 |
1.2680 |
|
Sup. 2 |
1.2450 |
Res. 2 |
1.2700 |
|
Sup. 3 |
1.2400 |
Res. 3 |
1.2750 |
|
Sup. 4 |
1.2260 |
Res. 4 |
1.2930 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
592.8 |
2.56% |
|
SILVER |
10.63 |
3.20% |
|
OIL (BRENT) |
67.98 |
0.89% |
|
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.