FINANS DAILY
"It is better to understand little than to misunderstand a lot." - Anatole France
FOREX MARKET
The US Consumer Confidence figure dropped to nine-month low at 99.6 vs. 102.7 the consensus estimate, on back of
widening job worries as well as inflation risks. Also, the FOMC minutes reflected the concerns of FED's Conference
Board regarding the slow down in G'P's expansion in the medium run. It seems that the Federal Reserve might keep
rates on hold at its next policy meting, as they need some time to observe the effect of the 5.25% level over the
consumer prices. On Tuesday, the EUR/USD had a choppy evolution ranging around 100 pips during the trading.
In the first part of the European session, the pair reached equilibrium in the 1.2820-1.2840 zone. Today, the market
will be watching the preliminary US GDP data as they might be critical for Fed's rate decision.
The EUR/RON eased on the occasional gains made on Monday and climbed back to the 3.5300 zone yesterday.
Today, the domestic market opened at 3.5220 level, however until noon the pair rallied until 3.5330 due to the usual
end-month corporative payments. The upward move of the single pair was determined by the continuously widening
trade deficit which is putting pressure on the exchange rates every end-month. Therefore, the rally of the euro might
continue today and tomorrow, however the 3.5500 resistance zone is likely to hold on.
MONEY MARKET
The overnight rates stood still in the 8.25-9.25% area and it might remain unchanged until the end of the week.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5292 |
0.0054 |
0.4189 |
23.42% |
|
USD/RON |
2.7548 |
0.0047 |
-0.1159 |
-7.14% |
|
GBP/RON |
5.2370 |
0.0254 |
-2.31% |
-1.39% |
|
CHF/RON |
2.2372 |
0.0081 |
-5.23% |
-3.18% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.09% |
8.26% |
8.01% |
7.91% |
|
BUBOR |
8.99% |
9.22% |
9.24% |
9.19% |
|
LIBOR (EUR) |
3.03% |
3.09% |
3.43% |
3.62% |
|
LIBOR (USD) |
5.29% |
5.33% |
5.46% |
5.46% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,580.26 |
-0.23% |
|
BET-C |
4,492.61 |
-0.23% |
|
BET-FI |
45,841.45 |
1.64% |
|
RASDAQC |
1,956.69 |
-0.47% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cudoii |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
111.26 |
-0.07% |
4.03 |
|
02-Jul-10 |
5.75% |
105.44 |
-0.09% |
4.17 |
|
06-May-12 |
6.50% |
121.05 |
-0.03% |
4.24 |
|
22-Jun-15 |
4 125% |
94.39 |
-0.03% |
4.92 |
|
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 |
YearHigh |
|
|
S&P500 |
1,304.28 |
0.19% |
1,223.69 |
1,325.76 |
|
DJI |
11,369.94 |
0.16% |
11,284.05 |
11,352.01 |
|
NASDAQ |
2,172.30 |
0.54% |
2,037.35 |
2,163.95 |
|
XETRADAX |
5,847.02 |
-0.14% |
5,628.37 |
6,140.72 |
|
NIKKEI 225 |
15,872.02 |
-0.12% |
14,218.60 |
17,563.37 |
| International Market Exchange Rates | ||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2830 |
0.08% |
|
GBP/USD |
1.8996 |
0.10% |
|
USD/CHF |
1.2280 |
-0.20% |
|
USD/SEK |
7.1922 |
-0.38% |
|
USD/JPY |
116.83 |
-0.07% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2700 |
Res. 1 |
1.2860 |
|
Sup. 2 |
1.2660 |
Res. 2 |
1.2900 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2970 |
|
Sup. 4 |
1.2400 |
Res. 4 |
1.3000 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
614.5 |
-0.24% |
|
SILVER |
12.14 |
0.41% |
|
OIL (BRENT) |
65.6 |
-4.71% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
3.75% |
4.00% |
4.25% |
4.50% |
5.00% |
USD 1,000 |
|
EUR |
0.50% |
3.50% |
4.00% |
4.25% |
4.50% |
5.00% |
EUR 1,000 |
|
RON |
3.00% |
7.5% |
8.0% |
8.0% |
8.00% |
8.50% |
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.