FINANS DAILY
"We never really grow up, we only learn how to act in public." - Bryan White
FOREX MARKET
The greenback dropped to six-week low against the euro on back of Fed's governor testimony to congressional committees,
as Bernanke underlined that inflationary pressures would be easing down. Furthermore, the US Retail Sales figures for
January came below consensus estimates, decelerating under the weight of the high interest rates. Therefore, the euro eroded
the strong resistance zone at 1.3100 level, rallying up to 1.3150 zone on Wednesday. The European currency consolidated
its recent gains against the dollar today, as in mid-European forex session it is being traded in the 1.3130-1.3150 area. Also,
the yen reached to one-month high vs. the US dollar, as the strong Japan GDP figures for Q4 2006, fueled expectations that
the Bank of Japan will resort to a rate hike next week.
On Wednesday, the Romanian forex market started at 3.3860-3.3870 levels and remained stable in this zone, ranging less
than 50 pips in either way. Considering that the 3.4000 resistance area held on, despite the 75 bps cut of the monetary rate,
we consider that the domestic currency is likely to consolidate in the 3.3500-3.3700 zone in the short run.
On February 15th, the Romanian forex market opened lower than yesterday's close, at 3.3780 level, showing that RON still
has upside potential in the short term, despite low ON interest rates. This strengthening path of the domestic currency is
sustained mainly by the bullish mood of foreign investors towards emerging currencies. In the first part of trading, the rally
of the RON vs. the euro stopped at 3.3700 level.
MONEY MARKET
On February 15th, the overnight interest rates remained flat at 2.5/5% bids/asks, despite the recent draining operations
underwent by NBR and MF lately. On Wednesday, the Minister of Finance attracted liquidity through deposits of two-week
maturity at an average interest rate of 4.73%, while the maximum accepted rate reached 5%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3876 |
-0.0069 |
0.17% |
0.15% |
|
USD/RON |
2.5890 |
-0.0215 |
0.83% |
0.74% |
|
GBP/RON |
5.0610 |
-0.0092 |
-0.10% |
-0.09% |
|
CHF/RON |
2.0824 |
-0.0077 |
-1.45% |
-1.29% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
3.19% |
5.80% |
6.16% |
6.16% |
|
BUBOR |
4.63% |
7.39% |
7.91% |
7.94% |
|
LIBOR (EUR) |
3.58% |
3.62% |
3.95% |
4.11% |
|
LIBOR (USD) |
5.30% |
5.32% |
5.40% |
5.42% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,954.79 |
2.89% |
|
BET-C |
5,590.98 |
-89.73% |
|
BET-FI |
62,919.83 |
0.97% |
|
RASDAQC |
2,773.42 |
-0.06% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.93 |
-0.11% |
4.40 |
|
02-Jul-10 |
5.75% |
104.21 |
0.06% |
4.37 |
|
06-May-12 |
6.50% |
118.72 |
0.10% |
4.40 |
|
22-Jun-15 |
4 125% |
95.38 |
0.15% |
4.81 |
|
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 |
0.76% |
1,236.20 |
1,450.02 |
|
DJI |
12,741.86 |
0.69% |
12,552.55 |
12,666.87 |
|
NASDAQ |
2,488.38 |
1.16% |
2,423.16 |
2,502.82 |
|
XETRADAX |
6,961.18 |
0.60% |
6,690.34 |
6,919.54 |
|
NIKKEI 225 |
17,897.23 |
0.81% |
14,500.26 |
17,752.64 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3134 |
0.33% |
|
GBP/USD |
1.9644 |
0.67% |
|
USD/CHF |
1.2364 |
-0.54% |
|
USD/SEK |
6.9476 |
-0.72% |
|
USD/JPY |
119.92 |
-1.06% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3150 |
|
Sup. 2 |
1.3070 |
Res. 2 |
1.3180 |
|
Sup. 3 |
1.3040 |
Res. 3 |
1.3220 |
|
Sup. 4 |
1.2960 |
Res. 4 |
1.3260 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
668.7 |
-0.17% |
|
SILVER |
13.99 |
0.21% |
|
OIL (BRENT) |
54.94 |
-2 52% |
|
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% |
7.5% |
7.75% |
7.75% |
8.25% |
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.