FINANS DAILY
"Never confuse having a career with having a life. " - anonymous
FOREX MARKET
The US congressional elections had some impact over the forex market and it affected negatively the dollar, as the
democrats won the elections. The EUR/USD tested the 1.2820 resistance level on Tuesday, as the democrats are promoting
protectionist policies. On November 8th, the pair eased slightly on the gains made on back of US elections and dropped
until 1.2760 zone in early trading. By noontime, the euro began to strengthen approaching the 1.2800 resistance area, with
risks on the upside. There are no important releases for today, so the move might be limited.
On November 7th, the domestic currency rallied vs. the hard currencies on back of bullish regional move stirred by the
recent unfavorable news in the US. The single currency was bided for 3.5110 at the opening and climbed shortly until
3.5130 level which attracted sustained selling orders from foreign investors. The bids fell gradually until 3.5030 zone in the
second part of the forex session. However RON could not maintain its recent gains and lost ground, as importers took
advantage of the low exchange rates and purchased the hard currency. The substantial buying took the pair back in the
3.5100 zone at the end of trading. On Wednesday, the single currency opened flat at 3.5110 level, but the substantial
foreign inflows pushed the pair as low as 3.5030 level. The recent massive off-shore transfers might result from investment
projects, as the Romanian economy is expected to keep the same pace of growth on the medium term. The Romanian
currency is likely to appreciate for the remaining of the week on back of bullish investment mode which keeps on canceling
the shortfall of trade balance.
MONEY MARKET
The overnight interest rates remained flat in the 8.7-9.3% zone on November 8th . The short term yields are likely to remain
steady for the rest of the week, as the commercial banks maintain their policy of keeping higher reserves in the first three
weeks of the reserve period.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5118 |
0.0005 |
-4.85% |
-5.65% |
|
USD/RON |
2.7523 |
-0.0110 |
-11.67% |
-13.51% |
|
GBP/RON |
5.2419 |
-0.0012 |
-2.21% |
-2.59% |
|
CHF/RON |
2.1997 |
-0.0008 |
-5.23% |
-6.09% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.58% |
8.51% |
8.15% |
7.87% |
|
BUBOR |
9.21% |
9.21% |
9.11% |
9.03% |
|
LIBOR (EUR) |
3.35% |
3.37% |
3.72% |
3.88% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.40% |
5.36% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,191.27 |
-1.06% |
|
BET-C |
5,036.66 |
-1.14% |
|
BET-FI |
60,632.81 |
-4.90% |
|
RASDAQC |
2,386.12 |
-0.53% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.94 |
0.08% |
4.12 |
|
02-Jul-10 |
5.75% |
105.00 |
0.05% |
4.23 |
|
06-May-12 |
6.50% |
120.65 |
0.07% |
4.19 |
|
22-Jun-15 |
4 125% |
95.54 |
0.04% |
4.76 |
|
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 |
0.22% |
1,223.69 |
1,389.08 |
|
DJI |
12,156.77 |
0.42% |
11,986.04 |
12,105.55 |
|
NASDAQ |
2,375.88 |
0.42% |
2,237.60 |
2,379.10 |
|
XETRADAX |
6,361.96 |
0.51% |
6,177.42 |
6,329.46 |
|
NIKKEI 225 |
16,215.74 |
-1.08% |
14,218.60 |
17,563.37 |
| International Market Exchange Rates | ||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2770 |
0.13% |
|
GBP/USD |
1.9060 |
0.13% |
|
USD/CHF |
1.2492 |
-0.26% |
|
USD/SEK |
7.1610 |
-0.19% |
|
USD/JPY |
117.62 |
-0.11% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2780 |
Res. 1 |
1.2820 |
|
Sup. 2 |
1.2760 |
Res. 2 |
1.2840 |
|
Sup. 3 |
1.2740 |
Res. 3 |
1.2880 |
|
Sup. 4 |
1.2700 |
Res. 4 |
1.2900 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
624.9 |
0.05% |
|
SILVER |
12.63 |
0.24% |
|
OIL (BRENT) |
56.35 |
0.70% |
|
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.