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Stiri Financiare-FINANSBANK (24.10.2006)
TREASURY DIVISION
FINANS DAILY
October 24, 2006


"Most people are about as happy as they make up their minds to be." - Abraham Lincoln

FOREX MARKET
The US dollar continued to appreciate against the euro on October 23rd, as some players decided to take positions on the USD before the FOMC speech on Wednesday. The investors expect the FED to keep rates on hold at 5.25%, but the statement will make all the difference as the main issue spins around the inflation and housing outlook. On October 24th, the greenback consolidated on the gains made on Monday, with the EUR/USD being traded between 1.2520-1.2540 levels in mid-European session.

The domestic currency weakened on Monday against the hard currencies, as some of the off-shore players closed their positions in Romania, ahead of the Federal Reserve policy meeting to take place during October 24th-25th. Therefore the single currency rallied until 3.5350 zone, losing more than 300 pips vs. the opening levels.
On Tuesday, the local forex market opened at 3.5320 level, dropped until 3.5290 in the first minutes of trading, but afterwards the single currency started at rollercoaster ride towards 3.5500 resistance zone. Until noon time, the single currency eased on gains and turned back in the 3.5350-3.5400 zone.

MONEY MARKET
On Monday, the NBR sterilized RON 2.24bln from the interbank money market at the 8.75% fixed rate. As today is the first day of the mandatory reserve period, the overnight tenors recovered to 8.5-9.5% zone.

Domestic Markets Foreign Exchange Rates

 

NBR

Daily Change

Year to Date(%)

Annualized

EUR/RON

3.5299

0.0171

-4.36%

-5.33%

USD/RON

2.8088

0.0247

-9.86%

-11.98%

GBP/RON

5.2661

0.0282

-1.76%

-2.16%

CHF/RON

2.2200

0.0068

-5.23%

-6.39%


Interbank Market Interest Rates (%)

 

ON

1M

6M

12M

BUBID

8.36%

8.36%

8.07%

7.87%

BUBOR

9.16%

9.10%

9.06%

9.03%

LIBOR (EUR)

3.34%

3.37%

3.67%

3.82%

LIBOR (USD)

5.28%

5.32%

5.42%

5.42%


Romanian Equities

 

Last

Daily (%)

BET

8,426.18

0.76%

BET-C

5,073.98

0.40%

BET-FI

55,910.14

-0.88%

RASDAQC

2,271.68

0.24%


Romanian Eurobonds

Maturity

Cupon

Price

Daily (%)

Yield

27-Jun-08

10.63%

110.18

0.05%

4.14

02-Jul-10

5.75%

105.03

0.13%

4.23

06-May-12

6.50%

120.42

0.14%

4.27

22-Jun-15

4 125%

94.84

0.04%

4.86


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

0.62%

1,223.69

1,369.05

DJI

12,116.91

0.95%

11,992.68

12,011.73

NASDAQ

2,355.56

0.57%

2,173.25

2,363.84

XETRADAX

6,242.91

0.65%

5,992.22

6,202.82

NIKKEI 225

16,780.47

-0.05%

14,218.60

17,563.37


International Market Exchange Rates

CURRENCY

Latest

Daily Change

EUR/USD

1.2536

-0.37%

GBP/USD

1.8703

-0.42%

USD/CHF

1.2685

0.39%

USD/SEK

7.3359

0.28%

USD/JPY

119.45

0.48%


EUR/USD trading rate

Support

 

Resistance

 

Sup. 1

1.2520

Res. 1

1.2560

Sup. 2

1.2490

Res. 2

1.2600

Sup. 3

1.2460

Res. 3

1.2640

Sup. 4

1.2420

Res. 4

1.2680


Commodities

 

Latest

Daily ( %)

GOLD

578.25

-2.29%

SILVER

11.53

-2.54%

OIL (BRENT)

55.75

-3.18%


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.
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