FINANS DAILY
"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.