FINANS DAILY
"The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt
FOREX MARKET
The greenback got a boost against the euro on Friday, due to robust job growth in US and rising Nonfarm Payrolls. The
encouraging data about US labour market cooled down expectations that the Federal Reserve will resort to rate cuts in the
next months, as inflationary pressures are likely to maintain in Q1 2007. The EUR/USD tested the 1.3200 support level in
late Friday trading, falling from 1.3300-1.3330 zone. On Monday, the dollar widened its rally, breaking the 1.3200 support
zone, and reached 1.3130 level.
On Friday, the Romanian currency oscillated in a tight range between 3.4230-3.4300 levels without any clear direction amid
modest transacted volumes. The off-shore investors stood on sidelines, as they were waiting for the US job report to decide
on their position regarding emerging markets.
On December 11th, the domestic forex market opened at 3.4250 level and started an upward move, as investors fear that
NBR will continue to discourage the speculative inflows, by leave excess liquidity in the market. The pair rose as high as
3.4320 level by noontime, affected also by the lower short term yields on the interbank market. We expect that the domestic
currency will reverse its trend to the upwards, as we believe that NBR will persist in assuring a soft lending to the local
currency.
MONEY MARKET
On Monday, the ON maturities remained still in the 7.5/8.5% zone, as the commercial banks are pricing in that NBR will
continue to partially sterilize the excess liquidity.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4301 |
0.0006 |
-7.06% |
-7.45% |
|
USD/RON |
2.5828 |
0.0014 |
-17.11% |
-18.01% |
|
GBP/RON |
5.0610 |
-0.0194 |
-5.59% |
-5.90% |
|
CHF/RON |
2.1580 |
-0.0008 |
-5.23% |
-5.53% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.74% |
8.08% |
8.18% |
7.92% |
|
BUBOR |
8.58% |
8.85% |
8.96% |
8.98% |
|
LIBOR (EUR) |
3.33% |
3.63% |
3.77% |
3.88% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.32% |
5.18% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,038.78 |
-0.52% |
|
BET-C |
4,957.02 |
-0.29% |
|
BET-FI |
58,249.52 |
0.15% |
|
RASDAQC |
2,391.46 |
-0.71% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.43 |
0.12% |
4.12 |
|
02-Jul-10 |
5.75% |
105.10 |
-0.09% |
4.16 |
|
06-May-12 |
6.50% |
120.58 |
0.02% |
4.15 |
|
22-Jun-15 |
4 125% |
95.74 |
-0.08% |
4.74 |
|
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 |
0.18% |
1,223.69 |
1,414.76 |
|
DJI |
12,307.49 |
0.24% |
12,278.41 |
12,331.60 |
|
NASDAQ |
2,437.36 |
0.40% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,453.35 |
0.63% |
6,241.13 |
6,480.05 |
|
NIKKEI 225 |
16,527.99 |
0.67% |
14,218.60 |
17,291.67 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3216 |
-0.44% |
|
GBP/USD |
1.9557 |
-0.28% |
|
USD/CHF |
1.2028 |
0.52% |
|
USD/SEK |
6.8562 |
0.75% |
|
USD/JPY |
116.56 |
1.05% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3260 |
Res. 1 |
1.3350 |
|
Sup. 2 |
1.3220 |
Res. 2 |
1.3480 |
|
Sup. 3 |
1.2980 |
Res. 3 |
1.3590 |
|
Sup. 4 |
1.2860 |
Res. 4 |
1.3670 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
628 |
-0.55% |
|
SILVER |
13.74 |
-0.58% |
|
OIL (BRENT) |
64.26 |
0.78% |
|
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.