FINANS DAILY
"Our greatest glory consists not in never falling, but in rising every time we fall." - Oliver Goldsmith
FOREX MARKET
On November 29th, the euro hit a fresh 20M high at 1.3218 level against the dollar, as investors seem encouraged by the
relaxed attitude of EZ finance ministers towards the excessive appreciation of the euro. The market is strongly pricing in
further tightening in the Euro Zone, while the Federal Reserve is seen as cutting rates in the coming months, the more so as
the recent US economic indicators failed to offer support for the dollar. On Thursday, the euro maintained the gains made so
far, as it is traded in the 1.3180-1.3200 zone with strong upside bias, ahead of important data from US.
The Romanian currency continued to rally yesterday also triggered by bullish regional mood. The single currency reached
intraday high at 3.4650 at the beginning of trading session. Afterwards the euro slipped gradually until 3.4550 zone, on back
of massive off-shore interest towards the Romanian currency, which is also sustained by high ON yields nearing NBR's
reference rate.
On November 30th, the domestic forex market opened at 3.4570 level which seems to be intraday high, as RON started
another rollercoaster ride and broke the psychological support at 3.4500. The off-shore players taking short positions on
EUR/RON drove the pair down to 3.4440 level by noontime, reaching 15M high. We expect the 3.4400 support zone to
hold on today, as the corporate hard currency purchases should be smoothening RON's appreciation.
MONEY MARKET
The ON interbank interest rates decreased slightly to 8/8.7% zone, as a 1M deposit worth RON 1.35bln at NBR reached
maturity today, although commercial banks are keeping surplus reserves at the beginning of reserve period. On December
1st, Romania is celebrating the National Day, therefore the financial markets will be closed.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4625 |
-0.0067 |
-6.19% |
-6.74% |
|
USD/RON |
2.6322 |
-0.0058 |
-15.53% |
-16.84% |
|
GBP/RON |
5.1274 |
-0.0023 |
-4.35% |
-4.74% |
|
CHF/RON |
2.1780 |
-0.0087 |
-5.23% |
-5.70% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.31% |
8.39% |
8.26% |
7.94% |
|
BUBOR |
8.88% |
8.96% |
9.09% |
9.04% |
|
LIBOR (EUR) |
3.33% |
3.55% |
3.73% |
3.84% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.35% |
5.24% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,988.86 |
-0.24% |
|
BET-C |
4,963.24 |
-0.35% |
|
BET-FI |
60,387.59 |
-0.62% |
|
RASDAQC |
2,389.71 |
-0.37% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.59 |
0.15% |
4.11 |
|
02-Jul-10 |
5.75% |
105.27 |
-0.09% |
4.12 |
|
06-May-12 |
6.50% |
120.66 |
-0.25% |
4.16 |
|
22-Jun-15 |
4 125% |
95.92 |
-0.12% |
4.71 |
|
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 |
0.92% |
1,223.69 |
1,406.09 |
|
DJI |
12,226.73 |
0.74% |
12,121.71 |
12,326.95 |
|
NASDAQ |
2,432.23 |
0.81% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,363.80 |
1.31% |
6,281.68 |
6,480.05 |
|
NIKKEI 225 |
16,274.33 |
1.23% |
14,218.60 |
17,403.96 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3183 |
-0.04% |
|
GBP/USD |
1.9526 |
0.05% |
|
USD/CHF |
1.2067 |
0.27% |
|
USD/SEK |
6.8832 |
0.00% |
|
USD/JPY |
116.13 |
0.26% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3050 |
Res. 1 |
1.3200 |
|
Sup. 2 |
1.2980 |
Res. 2 |
1.3280 |
|
Sup. 3 |
1.2860 |
Res. 3 |
1.3350 |
|
Sup. 4 |
1.2840 |
Res. 4 |
1.3480 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
637.4 |
-0.41% |
|
SILVER |
13.63 |
-0.73% |
|
OIL (BRENT) |
62.37 |
1.48% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
4.25% |
4.50% |
4.75% |
5.00% |
5.50% |
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.