FINANS DAILY
"When one door of happiness closes, another opens: but often we look so long at the closed door that we do not see
the one which has been opened for us." - Helen Keller
FOREX MARKET
Germany's Ifo business sentiment for January dropped below market's expectations, but had a limited impact over investors, as the
VAT hike in Germany was a major reason in the decrease in Ifo figures. The decline in Germany's business sentiment sent the euro
lower to 1.2970 level from 1.3000 zone in mid-European trading on Thursday. Yesterday's market mover was the rise in yields of
US Treasury bonds to five-month highs which triggered a strong rally of the dollar which broke the key technical zone at 1.2960,
moving until 1.2913 level. On January 26th, the greenback maintained recent gains against the euro, testing the 1.2900 support
zone in the European forex session. Today, the market watchers will be focusing over US data, mainly on Durable Goods and New
Home Sales.
On Thursday, the Romanian currency was bided for 3.3920-3.3930 levels at the opening time. RON strengthened slightly until
3.3830 levels in early trading, mirroring the move of its regional peers which also faced a slight appreciation vs. euro. However, in
the second part of the trading session, the pair reversed its move to the upside climbing until 3.4020 zone.
On January 26th, the single currency was bided strongly starting in the 3.4200 zone, higher by 200 pips as compared to closing
levels. The Romanian currency was affected by the bearish mood of investors towards emerging markets corroborated with the
release on the World Bank EU8+2 Regular Economic Report for January. The report of WB criticized Romania for its political
instability and the delay of major structural reforms.The fall of RON extended until 3.4250 level, which determined strong selling
pressure, pushing the pair in 3.4100 zone.
MONEY MARKET
On Friday, the overnight maturities are traded for 4.5/7% bids/asks, as a new reserve period has started and are the commercial
banks resumed their habit of constituting higher reserves at the beginning of the period. However, we expect lower ON rates next
week, whether NBR keeps on sterilizing only a symbolic part of the overall offer.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3898 |
-0.0084 |
0.24% |
0.22% |
|
USD/RON |
2.6111 |
-0.0032 |
1.69% |
1.58% |
|
GBP/RON |
5.1419 |
-0.0221 |
1.50% |
1.40% |
|
CHF/RON |
2.0978 |
-0.0011 |
-0.72% |
-0.68% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.97% |
5.66% |
5.59% |
5.78% |
|
BUBOR |
6.94% |
8.09% |
8.19% |
8.26% |
|
LIBOR (EUR) |
3.58% |
3.61% |
3.91% |
4.08% |
|
LIBOR (USD) |
5.28% |
5.32% |
5.40% |
5.42% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,599.56 |
-0.25% |
|
BET-C |
5,360.05 |
-0.15% |
|
BET-FI |
63,962.85 |
-0.68% |
|
RASDAQC |
2,512.65 |
0.37% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
108.29 |
0.01% |
4.36 |
|
02-Jul-10 |
5.75% |
104.23 |
-0.09% |
4.38 |
|
06-May-12 |
6.50% |
118.85 |
-0.10% |
4.40 |
|
22-Jun-15 |
4 125% |
95.63 |
-0.34% |
4.77 |
|
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 |
-1.13% |
1,223.69 |
1,431.90 |
|
DJI |
12,502.56 |
-0.94% |
12,477.16 |
12,621.77 |
|
NASDAQ |
2,434.24 |
-1.30% |
2,413.51 |
2,502.82 |
|
XETRADAX |
6,719.58 |
-0.43% |
6,563.83 |
6,748.37 |
|
NIKKEI 225 |
17,421.93 |
-0 21% |
14,218.60 |
17,507.40 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.2910 |
-0.63% |
|
GBP/USD |
1.9630 |
-0.43% |
|
USD/CHF |
1.2510 |
0.44% |
|
USD/SEK |
7.0425 |
0.88% |
|
USD/JPY |
121.52 |
0.72% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.2890 |
Res. 1 |
1.2940 |
|
Sup. 2 |
1.2860 |
Res. 2 |
1.2990 |
|
Sup. 3 |
1.2800 |
Res. 3 |
1.3010 |
|
Sup. 4 |
1.2760 |
Res. 4 |
1.3040 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
644.5 |
-0.34% |
|
SILVER |
13.28 |
0.68% |
|
OIL (BRENT) |
56.26 |
1.01% |
|
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.