FINANS DAILY
"When a man gets up to speak, people listen, then look. When a woman gets up, people look; then, if they like what
they see, they listen." - Pauline Frederick
FOREX MARKET
On February 22nd, the euro proved one more time that the 1.3070 support zone holds on quite strong and determined a
reversal of EUR/USD course to the upside until 1.3140 level. The European currency hit a fresh record high against JPY
on Friday, as the market took new short positions on the yen, after the BoJ governor reiterated that further rate hikes
would be a slow process. The EUR/USD is traded in the 1.3100-1.3130 zone in mid European forex session. The Ifo
survey of German business sentiment came out slightly weaker than expected but the reaction of market was limited.
On February 22nd, the domestic forex market opened in the 3.3770 zone and remained in recent range between 3.3750-
3.3830 levels, as RON is affected by the low overnight yields on the interbank market. The traded volumes were
substantial, however the pair remained in range, as the offer of euro counterbalanced the demand.
On Friday, the single currency was quoted at 3.3750 level at the opening of forex trading, but shortly after the buying
orders took the pair in the 3.3800 zone. However, the euro could not keep the gains and hovered towards 3.3700 area,
decoupling from the regional markets, where investors are closing some of their positions. The RON strengthened
against the hard currencies today, due to the recovery of the short term interest rates on the interbank market.
MONEY MARKET
As expected, the overnight interest rates recovered on Friday, as it is the last day of the current reserve period and the
commercial banks decided to keep higher amounts at the NBR over the weekend. The ON maturities are traded for
4.5/6.5% bids/asks, while for the one-week maturities, banks quote at 6/8%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3822 |
-0.0004 |
0.01% |
0.01% |
|
USD/RON |
2.5838 |
0.0107 |
0.63% |
0.55% |
|
GBP/RON |
5.0383 |
0.0192 |
-0.54% |
-0.47% |
|
CHF/RON |
2.0791 |
-0.0003 |
-1.61% |
-1.40% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
4.50% |
6.47% |
6.16% |
6.09% |
|
BUBOR |
6.22% |
7.84% |
7.84% |
7.88% |
|
LIBOR (EUR) |
3.58% |
3.70% |
3.97% |
4.12% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.39% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,880.18 |
0.82% |
|
BET-C |
5,688.10 |
0.61% |
|
BET-FI |
62,823.37 |
-0.69% |
|
RASDAQC |
2,878.37 |
0.40% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.87 |
0.05% |
4.35 |
|
02-Jul-10 |
5.75% |
104.14 |
-0.02% |
4.38 |
|
06-May-12 |
6.50% |
118.70 |
-0.05% |
4.37 |
|
22-Jun-15 |
4 125% |
95.61 |
-0.04% |
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 |
-0.09% |
1,236.20 |
1,459.68 |
|
DJI |
12,686.02 |
-0.41% |
12,738.41 |
12,786.64 |
|
NASDAQ |
2,524.94 |
0.26% |
2,431.07 |
2,513.04 |
|
XETRADAX |
6,973.73 |
0.46% |
6,859.45 |
6,987.08 |
|
NIKKEI 225 |
18,188.42 |
0.44% |
14,500.26 |
18,108.79 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3126 |
0.24% |
|
GBP/USD |
1.9589 |
0.53% |
|
USD/CHF |
1.2391 |
-0.29% |
|
USD/SEK |
7.0755 |
-0.28% |
|
USD/JPY |
121.37 |
0.17% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3090 |
Res. 1 |
1.3120 |
|
Sup. 2 |
1.3050 |
Res. 2 |
1.3170 |
|
Sup. 3 |
1.3030 |
Res. 3 |
1.3190 |
|
Sup. 4 |
1.3010 |
Res. 4 |
1.3220 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
676.25 |
-0.29% |
|
SILVER |
14.23 |
-0.14% |
|
OIL (BRENT) |
58.31 |
1.53% |
|
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.