FINANS DAILY
"Kindness has converted more sinners, than zeal, eloquence or learning." - F. W. Faber
FOREX MARKET
The ZEW Survey for September, measuring the economical sentiment in Germany came out sensibly worse than expected.
The US Producer Price Index for August came out below estimates, indicating that the inflationary pressures are easing
down lately. The housing data kept on weakening, giving clear signals that further tightening from Fed could affect seriously
the dwelling market. On September 20th, the players will be focusing over the critical FOMC minutes as it might finally put
an end to the three-year hiking cycle. A pause is already priced in by the market, but a dovish wording might trigger the
USD decline. For the moment of editing, the dollar still holds on pretty well against the euro in the 1.2670 zone, which
could denote that the market has switched attention from interest rate theme to some other issues.
On September 19th, the euro rallied against RON until 3.5380 level, on back of substantial buying orders from corporative
clients who probably bet on a weakening domestic currency in the medium term. On Wednesday, the market opened at
3.5280 level and remained flat, as players are prudent before the FOMC meeting of the Federal Reserve. The European
currency seems to be loosing steam today and probably the RON will recover in the next days, if the sentiment of investors
towards emerging markets will improve. This scenario is achievable whether the tone of Fed will turn dovish today.
MONEY MARKET
The short term rates kept on declining today also, due to the increased liquidity on the domestic market. The ON deposits
are traded for 1-3% rates. This situation may persist for the rest of the week, the more so as a monthly deposit held at NBR
of RON 4.7bln will mature tomorrow.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5304 |
0.0182 |
0.0000 |
0.00% |
|
USD/RON |
2.7891 |
0.0139 |
0.0000 |
0.00% |
|
GBP/RON |
5.2434 |
0.0386 |
-2.19% |
-1.28% |
|
CHF/RON |
2.2203 |
0.0094 |
-5.23% |
-3.08% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
0.94% |
7.73% |
8.01% |
7.97% |
|
BUBOR |
3.19% |
9.01% |
9.19% |
9.20% |
|
LIBOR (EUR) |
3.06% |
3.17% |
3.55% |
3.76% |
|
LIBOR (USD) |
5.28% |
5.33% |
5.44% |
5.46% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,825.33 |
1.42% |
|
BET-C |
4,710.44 |
1.32% |
|
BET-FI |
46,770.35 |
1.61% |
|
RASDAQC |
2,031.46 |
0.05% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.56 |
0.04% |
4.22 |
|
02-Jul-10 |
5.75% |
105.10 |
0.10% |
4.25 |
|
06-May-12 |
6.50% |
120.63 |
0.19% |
4.28 |
|
22-Jun-15 |
4 125% |
95.11 |
0.00% |
4.82 |
|
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 |
1,318.31 |
-0.22% |
1,223.69 |
1,325.76 |
|
DJI |
11,540.91 |
-0.12% |
11,527.39 |
11,560.77 |
|
NASDAQ |
2,222.37 |
-0.60% |
2,057.71 |
2,235.59 |
|
XETRADAX |
5,873.46 |
-0.89% |
5,773.72 |
6,140.72 |
|
NIKKEI 225 |
15,718.67 |
-0.98% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2665 |
-0.31% |
|
GBP/USD |
1.8825 |
0.01% |
|
USD/CHF |
1.2528 |
0.16% |
|
USD/SEK |
7.2684 |
0.53% |
|
USD/JPY |
117.21 |
-0.62% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2630 |
Res. 1 |
1.2760 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2880 |
|
Sup. 4 |
1.2450 |
Res. 4 |
1.2940 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
573.7 |
-2.08% |
|
SILVER |
10.77 |
-2.89% |
|
OIL (BRENT) |
62.06 |
1.72% |
|
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.