FINANS DAILY
"Listening and hearing are two different senses. "
FOREX MARKET
On Last week, there were released mixed data about US with Gross Domestic Product fading down to 2.6% vs. 2.9%
expected, while core PCE (Personal Consumption Expenditure) came out at 2.5% vs. 2.4% consensus estimates. It
seems that Fed's struggle to limit inflation did not have the expected outcome, although economical growth is lagging
on back of expensive financing. The greenback is holding strong at the beginning of the week, as the EUR/USD is
traded in the 1.2660-1.2680 zone in mid-European forex session, still supported by rate differentials. Today, the
market will be focusing over US, as ISM, Construction Spending and Pending Home Sales will be released.
On Friday, EUR/RON was traded in the 3.5400 zone in the first part of the domestic forex session, but later on the
single currency dropped until 3.5270 zone. The end-month common payments determined sustained euro sell-off,
putting downward pressure on the single currency which ended the week in the 3.5350 zone.
On October 2nd, the single currency is traded in a tight range between 3.5300-3.5350 area amid calm forex session.
The decision of the EC to welcome Romania into EU starting from January 2007, was priced in by the foreign players
long time ago, therefore the good news did not trigger any significant off-shore activity. However, by joining the EU,
Romania is likely to benefit on the medium term, as important foreign direct investments will impel the economy and
support the domestic currency to appreciate.
MONEY MARKET
The overnight interbank rates moved back to the monetary policy levels (8.5%-9.5%) on Monday, as the NBR is
holding its usual deposit auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5334 |
-0.0081 |
-4.26% |
-2.45% |
|
USD/RON |
2.7889 |
0.0031 |
-10.50% |
-6.13% |
|
GBP/RON |
5.2138 |
-0.0185 |
-2.74% |
-1.57% |
|
CHF/RON |
2.2223 |
-0.0138 |
-5.23% |
-3.02% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.36% |
8.33% |
8.04% |
7.86% |
|
BUBOR |
9.20% |
9.23% |
9.19% |
9.06% |
|
LIBOR (EUR) |
3.12% |
3.27% |
3.56% |
3.71% |
|
LIBOR (USD) |
5.37% |
5.32% |
5.37% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,950.31 |
0.28% |
|
BET-C |
4,765.44 |
0.28% |
|
BET-FI |
50,270.73 |
0.12% |
|
RASDAQC |
2,095.89 |
0.60% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.42 |
-0.22% |
4.21 |
|
02-Jul-10 |
5.75% |
105.40 |
-0.04% |
4.15 |
|
06-May-12 |
6.50% |
120.75 |
-0.31% |
4.24 |
|
22-Jun-15 |
4 125% |
95.05 |
-0.59% |
4.83 |
|
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 |
1,318.03 |
-0.25% |
1,223.69 |
1,336.59 |
|
DJI |
11,679.07 |
-0.34% |
11,669.39 |
11,718.45 |
|
NASDAQ |
2,258.43 |
-0.51% |
2,134.66 |
2,263.39 |
|
XETRADAX |
6,004.33 |
0.25% |
5,798.46 |
6,140.72 |
|
NIKKEI 225 |
16 254 29 |
0.79% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2671 |
-0.18% |
|
GBP/USD |
1.8697 |
-0.20% |
|
USD/CHF |
1.2509 |
0.24% |
|
USD/SEK |
7.3198 |
0.47% |
|
USD/JPY |
118.26 |
0.33% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2630 |
Res. 1 |
1.2710 |
|
Sup. 2 |
1.2600 |
Res. 2 |
1.2770 |
|
Sup. 3 |
1.2550 |
Res. 3 |
1.2840 |
|
Sup. 4 |
1.2460 |
Res. 4 |
1.2880 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
601.5 |
-0.29% |
|
SILVER |
11.52 |
-0.52% |
|
OIL (BRENT) |
58.48 |
-2.65% |
|
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.