FINANS DAILY
"I could have made things more difficult but I didn't because I felt a certain responsibility not to destroy the
European Monetary System" - George Soros on the Sterling crisis of 1992
FOREX MARKET
Yesterday, for the third day in a row, the Euro has managed to remain above the 3.49 support level. The market has
opened at 3.50, slightly lower than the previous close, than buyers again showed interest at this level and took the rate to
3.51. The pair returned at 3.5030 for the close.
Today the open was 50 pips lower at 3.4980, and yet again buying orders were in the market to support the Euro in the
opening hours. The EUR/RON climbed to 3.5060 before stabilizing at 3.5040. The constant support that the Euro is
receiving in this zone should be related also to a bearish outlook for RON yields following the recent inflation figures,
which showed the y/y inflation slowing to 5.5%. This significantly increases chances for NBR rate cuts in the first
quarter of 2007.
The Dollar has managed to hold on to most of its gains yesterday, with only a minor retracement taking place from
1.2510 to 1.2560. The pair is still supported today in early European trading, with bids between 1.2550 and 1.2575. We
are expecting the release of the US Retail Sales, as the current market should prove strongly data dependent from news
of the US economy.
MONEY MARKET
Yields for RON O/N deposits are still on a downward path with average rates standing at 7.4/8.4%, down from 8/8.5
yesterday. The market is starting early to connect to the end of the minimum reserve period, on the 23rd.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5093 |
0.0036 |
-4.92% |
-6.24% |
|
USD/RON |
2.7979 |
0.0046 |
-10.21% |
-12.84% |
|
GBP/RON |
5.1951 |
0.0084 |
-3.09% |
-3.92% |
|
CHF/RON |
2.2034 |
0.0044 |
-5.23% |
-6.63% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.59% |
8.19% |
8.01% |
7.83% |
|
BUBOR |
8.51% |
8.97% |
9.12% |
9.03% |
|
LIBOR (EUR) |
3.32% |
3.34% |
3.63% |
3.78% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.39% |
5.35% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,330.47 |
0.66% |
|
BET-C |
5,034.64 |
0.49% |
|
BET-FI |
52,801.64 |
1.11% |
|
RASDAQC |
2,158.02 |
0.04% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
110.40 |
-0.01% |
4.10 |
|
02-Jul-10 |
5.75% |
105.41 |
-0.03% |
4.13 |
|
06-May-12 |
6.50% |
120.79 |
0.00% |
4.21 |
|
22-Jun-15 |
4 125% |
95.65 |
0.00% |
4.74 |
|
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 |
0.95% |
1,223.69 |
1,353.42 |
|
DJI |
11,947.70 |
0.81% |
11,852.13 |
11,867.17 |
|
NASDAQ |
2,346.18 |
1.64% |
2,155.29 |
2,315.43 |
|
XETRADAX |
6,160.28 |
0.67% |
5,883.32 |
6,140.72 |
|
NIKKEI 225 |
16,536.54 |
1.02% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2562 |
0.25% |
|
GBP/USD |
1.8604 |
0.17% |
|
USD/CHF |
1.2678 |
-0.20% |
|
USD/SEK |
7.3669 |
-0.11% |
|
USD/JPY |
119.34 |
-0.07% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2500 |
Res. 1 |
1.2570 |
|
Sup. 2 |
1.2460 |
Res. 2 |
1.2660 |
|
Sup. 3 |
1.2400 |
Res. 3 |
1.2760 |
|
Sup. 4 |
1.2320 |
Res. 4 |
1.2830 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
577.6 |
0.50% |
|
SILVER |
11.31 |
0.27% |
|
OIL (BRENT) |
57.36 |
0.65% |
|
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.