FINANS DAILY
"Take time to relax especially when you don't have time for it." - Sydney J Harris
FOREX MARKET
On Monday, the dollar managed to extent its gains against the euro, touching 1.3130 level, as the market expects the Federal
Reserve to keep rates on hold on December 12th and to remain vigilant on inflation. The yen was strongly shaken by the
weak data in Japan, fading expectations that BoJ could hike rates in December and sent yen to its lifetime low against the
euro on Tuesday. The rally of the greenback against the euro proved to be short-lived, as pair reversed its move to the upside
on Tuesday, ahead of FOMC meeting, being quoted in the 1.3240-1.3260 zone. The euro was stirred by Fed's former
chairman, Greenspan declared he expects more dollar weakness and encouraged central banks to diversify their reserves by
saying it is � imprudent to hold everything in one currency."
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 reached the
intraday high at 3.4350 level, as it was also affected by the lower short term yields on the interbank market.
On Tuesday, at the opening of the forex session, bids stood in the 3.4320-3.4330 zone. Afterwards, the Romanian currency
started to strengthen gradually, approaching the 3.4250 support zone, as it was sustained by bullish regional mood, despite
falling short term yields.
MONEY MARKET
On Monday, the NBR held its usual deposit auction and continued to send discouraging signals to speculative inflows, as it
decided to partially sterilize the excess liquidity. The allocation ratio diminished to 60% from last week's 79% of the overall
offer. NBR drained RON 3.16bln from the interbank market at the 8.75% fixed rate. The market was expecting that NBR
would refrain to withdraw the whole liquidity in an attempt to curb RON's sharp appreciation. As a result of NBR's new
attitude, the short term rates decreased to 5/7% for ON maturities and to 5.2/7% for one-week deposits.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.4321 |
0.0020 |
-7.01% |
-7.38% |
|
USD/RON |
2.6006 |
0.0178 |
-16.54% |
-17.36% |
|
GBP/RON |
5.0733 |
0.0123 |
-5.36% |
-5.65% |
|
CHF/RON |
2.1580 |
0.0000 |
-5.23% |
-5.51% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.72% |
7.63% |
8.09% |
7.88% |
|
BUBOR |
6.13% |
8.69% |
9.03% |
8.98% |
|
LIBOR (EUR) |
3.33% |
3.65% |
3.77% |
3.89% |
|
LIBOR (USD) |
5.29% |
5.35% |
5.36% |
5.25% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,044.88 |
0.08% |
|
BET-C |
4,973.97 |
0.34% |
|
BET-FI |
57,841.35 |
-0.70% |
|
RASDAQC |
2,411.04 |
0.82% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
109.35 |
-0.07% |
4.16 |
|
02-Jul-10 |
5.75% |
105.11 |
0.01% |
4.16 |
|
06-May-12 |
6.50% |
120.56 |
-0.02% |
4.16 |
|
22-Jun-15 |
4 125% |
95.83 |
0.09% |
4.73 |
|
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 |
0.23% |
1,223.69 |
1,414.76 |
|
DJI |
12,328.48 |
0.17% |
12,278.41 |
12,331.60 |
|
NASDAQ |
2,442.86 |
0.23% |
2,330.79 |
2,465.98 |
|
XETRADAX |
6,471.74 |
0.28% |
6,241.13 |
6,480.05 |
|
NIKKEI 225 |
16,637.78 |
0.66% |
14,218.60 |
17,291.67 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3231 |
0.11% |
|
GBP/USD |
1.9586 |
0.15% |
|
USD/CHF |
1.2024 |
-0.03% |
|
USD/SEK |
6.8600 |
0.06% |
|
USD/JPY |
116.88 |
0.27% |
|
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 |
628.6 |
0.10% |
|
SILVER |
13.82 |
0.58% |
|
OIL (BRENT) |
63.16 |
-1.71% |
|
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.