FINANS DAILY
"If you warn 100 men of possible forthcoming bad news, 80 will immediately dislike you. And if you are so unfortunate
to be right, the other 20 will as well." - Anthony Gaubis
FOREX MARKET
Friday was another tough day for Emerging Markets currencies, with the Leu losing another 350 pips versus the Euro. The
market opened at 3.5850, the daily low remained 3.58, and until noon, the pair had already made a top above 3.60, at 3.6180.
In the second part of the trading session, buyers virtually took over the market and in less than two hours the Euro was bought
to as high as 3.6430. The Leu closed at 3.62.
Today the opening bid has been 3.6250. The pair was initially bought to 3.6390, but 30 minutes after the market opened
substantial selling orders came and caped the upside move, to take the Euro down to 3.6120. Current bids stand at 3.6180-
3.6200.
The USD has managed on Friday to take down the 1.2530 resistance level. After ranging for most of European trading between
1.2550 and 1.2590, the EUR/USD fell through 1.2530 to 1.2477 the lowest. Later on, although the US Durable Goods Orders
figure had shown a 0.7% increase in May, the pair returned above 1.25, and stabilized in the 1.2500-1.2530 area.
Today, the Euro has increased to 1.2545. This week, investors will be waiting for news regarding the Fed �s next monetary
policy move, and that data will be instrumental in determining whether the Dollar will continue to gain ground towards 1.2400.
MONEY MARKET
Today O/N rates for RON deposits have returned to single digit quotations, 8/9% on average, from 12/17% on Friday. The fall
comes as a new minimum reserve period starts today.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.6083 |
0.0254 |
-2.24% |
-1.51% |
|
USD/RON |
2.8759 |
0.0399 |
-7.71% |
-5.26% |
|
GBP/RON |
5.2442 |
0.0282 |
-2.17% |
-1.47% |
|
CHF/RON |
2.3072 |
0.0158 |
-5.23% |
-3.55% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
11.25% |
7.82% |
7.35% |
6.99% |
|
BUBOR |
15.25% |
8.69% |
8.61% |
8.56% |
|
LIBOR (EUR) |
2.84% |
2.88% |
3.18% |
3.43% |
|
LIBOR (USD) |
5.05% |
5.33% |
5.60% |
5.73% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
6,685.85 |
0.84% |
|
BET-C |
4,035.00 |
0.16% |
|
BET-FI |
34,532.51 |
-2.08% |
|
RASDAQC |
1,765.63 |
0.15% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
112.12 |
-0.09% |
4.16 |
|
02-Jul-10 |
5.75% |
104.64 |
-0.37% |
4.46 |
|
06-May-12 |
6.50% |
120.05 |
-0.26% |
4.52 |
|
22-Jun-15 |
4.125% |
92.30 |
-0.42% |
5.22 |
|
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 |
1,244.50 |
-0.09% |
1,218.59 |
1,325.76 |
|
DJI |
10,989.09 |
-0.27% |
10,974.84 |
11,079.46 |
|
NASDAQ |
2,121.47 |
-0.07% |
2,072.47 |
2,243.78 |
|
XETRADAX |
5,529.74 |
-0.07% |
5,292.14 |
6,140.72 |
|
NIKKEI 225 |
15,152.40 |
0.19% |
14,036.73 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2508 |
-0.52% |
|
GBP/USD |
1.8179 |
-0.63% |
|
USD/CHF |
1.2484 |
0.44% |
|
USD/SEK |
7.3620 |
0.35% |
|
USD/JPY |
0.00 |
#DIV/0! |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2430 |
Res. 1 |
1.2600 |
|
Sup. 2 |
1.2400 |
Res. 2 |
1.2680 |
|
Sup. 3 |
1.2320 |
Res. 3 |
1.2700 |
|
Sup. 4 |
1.2260 |
Res. 4 |
1.2750 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
584.3 |
0.18% |
|
SILVER |
10.3 |
1.98% |
|
OIL (BRENT) |
70.3 |
0.62% |
|
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.