FINANS DAILY
"Reputation is made in a moment: character is built in a lifetime." - anonymous
FOREX MARKET
The euro eased on today from the new 20M high at 1.3370 area posted on Monday, as the EUR/USD is traded in a tight range
between 1.3300-1.3320 levels in the European session. For the moment, the euro is starting to look rather overbought, as the
narrowing gap between US and EZ interest rates is still a long way to go. The market strongly weighted this Thursday's policy
meeting at ECB, as it is expected to raise rates by 25 bps to 3.50%. On Tuesday, the analysts will be closely watching the EZ
Retail Sales figures and US Durable Goods orders looking for further clues on central banks policies.
On Monday, the domestic currency continued its rally approaching the 3.4000 key zone, after opening at 3.4200 level, on back
of bullish view of foreign investors towards RON. The euro sell-off stopped at 3.4080 level when the off-shore investors
decided to cash in their profits and drove the pair up to 3.4200 zone. Given the recent sharp appreciation of RON towards
3.4000 key zone, also previously defended, the NBR reacted promptly and refused to whip up the entire offer of the
commercial banks for the first time after March 2006. Although NBR never indicated directly to the market the zone where it
begins to fill uncomfortable, their unconventional reaction was rather clear.
The Romanian market opened at 3.4300 level on December 5th, but afterwards the selling pressure push the pair down to
3.4200 zone. Around noontime, the pair is traded in a narrow range between 3.4250-3.4300 levels.
MONEY MARKET
The National Bank surprised the market by sterilizing only 79% of 19 commercial banks' offer, amounting to RON 2.2bln.
NBR's decision reveals their concern towards the RON's unsustainable appreciation in the past week based mainly on
speculative inflows. By refusing to drain the whole offer of commercial banks, NBR sent the market a clear signal that it would
defend the 3.4000 area. On Tuesday, the ON rates slipped to 7.3/8% zone, on back of increased liquidity on the interbank
money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4322 |
-0.0022 |
-7.01% |
-7.53% |
|
USD/RON |
2.5782 |
-0.0259 |
-17.26% |
-18.45% |
|
GBP/RON |
5.1014 |
0.0104 |
-4.84% |
-5.20% |
|
CHF/RON |
2.1551 |
-0.0016 |
-5.23% |
-5.62% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.33% |
8.07% |
8.20% |
7.94% |
|
BUBOR |
8.19% |
8.82% |
9.05% |
9.01% |
|
LIBOR (EUR) |
3.33% |
3.60% |
3.72% |
3.80% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.29% |
5.12% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
7,893.30 |
-1.46% |
|
BET-C |
4,904.71 |
-1.39% |
|
BET-FI |
57,751.14 |
-2.95% |
|
RASDAQC |
2,383.34 |
-0.63% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.51 |
0.05% |
4.13 |
|
02-Jul-10 |
5.75% |
105.53 |
0.01% |
4.07 |
|
06-May-12 |
6.50% |
121.02 |
-0.09% |
4.08 |
|
22-Jun-15 |
4 125% |
95.97 |
-0.06% |
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 |
0.89% |
1,223.69 |
1,406.09 |
|
DJI |
12,283.85 |
0.74% |
12,136.45 |
12,326.95 |
|
NASDAQ |
2,448.39 |
1.46% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,311.68 |
1.13% |
6,241.13 |
6,480.05 |
|
NIKKEI 225 |
16,265.76 |
-0.23% |
14,218.60 |
17,403.96 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3314 |
-0.03% |
|
GBP/USD |
1.9760 |
-0.10% |
|
USD/CHF |
1.1953 |
0.05% |
|
USD/SEK |
6.7953 |
0.42% |
|
USD/JPY |
114.73 |
-0.71% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3220 |
Res. 1 |
1.3350 |
|
Sup. 2 |
1.3050 |
Res. 2 |
1.3480 |
|
Sup. 3 |
1.2980 |
Res. 3 |
1.3590 |
|
Sup. 4 |
1.2860 |
Res. 4 |
1.3670 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
642.25 |
-0.67% |
|
SILVER |
13.97 |
-0.50% |
|
OIL (BRENT) |
64.69 |
-1.18% |
|
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.