FINANS DAILY
"One day, your life will flash in front of your eyes...Make it worth watching. " - anonymous
FOREX MARKET
The euro failed to break the 1.2820 resistance level on Wednesday also, the US congressional elections had limited impact
over the forex market. On Thursday, the EUR/USD is traded in a narrow range between 1.2770-1.2790 levels, as the
investors are waiting for the US trade data. The market watchers expect that the shortfall of the US trade balance will
diminish in September to USD -66bln from the record of USD -69bln posted previously. But even if the US international
trade data comes out worse than expected, it is unlikely to be a market mover as players are rather focusing on monetary
policy and interest rate differentials.
On November 8th, the Romanian currency consolidated its recent gains, despite dovish mood of investors towards emerging
markets. As we already got used this week, the Romanian currency started the forex session at 3.5110 level and appreciated
gradually until 3.5020 level, where it encountered some serious support. Afterwards, the single currency reversed its move
to the upside, ending the trading in the 3.5100 zone.
On Thursday, the domestic forex market opened in the same 3.5100 area and followed the downwards move which stopped
at the same 3.5020 level. Around noon time, the EUR/RON is traded for 3.5040-3.5060 bids, with risks to the upside until
3.5100 resistance zone.
MONEY MARKET
The overnight interest rates moved slightly lower to 8.5-9.1% zone on Thursday, on back of easing liquidity conditions, as
the commercial banks preferred to keep higher excess at their disposal rather than storing it in 1M deposits at NBR. On
November 8th, the NBR announced the usual three-month CD auction to take place today, with the intended issue amount at
one billion RON.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.5081 |
-0.0037 |
-4.95% |
-5.75% |
|
USD/RON |
2.7420 |
-0.0103 |
-12.00% |
-13.85% |
|
GBP/RON |
5.2313 |
-0.0106 |
-2.41% |
-2.81% |
|
CHF/RON |
2.1999 |
0.0002 |
-5.23% |
-6.08% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.54% |
8.51% |
8.15% |
7.87% |
|
BUBOR |
9.14% |
9.20% |
9.10% |
9.03% |
|
LIBOR (EUR) |
3.35% |
3.37% |
3.73% |
3.88% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.38% |
5.32% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,957.64 |
-2.85% |
|
BET-C |
4,908.57 |
-2.54% |
|
BET-FI |
57,616.22 |
-4.98% |
|
RASDAQC |
2,373.26 |
-0.54% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.82 |
-0.11% |
4.21 |
|
02-Jul-10 |
5.75% |
105.13 |
0.12% |
4.19 |
|
06-May-12 |
6.50% |
120.60 |
-0.04% |
4.20 |
|
22-Jun-15 |
4 125% |
95.64 |
0.10% |
4.75 |
|
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 |
0.21% |
1,223.69 |
1,389.08 |
|
DJI |
12,176.54 |
0.16% |
11,986.04 |
12,156.77 |
|
NASDAQ |
2,384.94 |
0.38% |
2,237.60 |
2,379.10 |
|
XETRADAX |
6,349.26 |
-0.20% |
6,177.42 |
6,361.96 |
|
NIKKEI 225 |
16,198.57 |
-0.11% |
14,218.60 |
17,563.37 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2774 |
0.03% |
|
GBP/USD |
1.9053 |
-0.04% |
|
USD/CHF |
1.2496 |
0.03% |
|
USD/SEK |
7.1518 |
-0.13% |
|
USD/JPY |
117.79 |
0.14% |
|
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 |
617.6 |
-1.17% |
|
SILVER |
12.48 |
-1.19% |
|
OIL (BRENT) |
56.52 |
0.30% |
|
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.