FINANS DAILY
"Though no one can go back and make a brand new start, anyone can start from now and make a brand new
ending." - Carl Bard
FOREX MARKET
On February 27th, the greenback continued its decline against the euro, on back of intensifying tensions over Iran's nuclear
programme and worries about the US housing market. The EUR/USD broke the 1.3190 resistance zone in early European
trading, touching a fresh two-month high, as the pair rallied up to 1.3230 level. Today, analysts will be focusing over U.S.
existing home sales, durable goods and confidence data, as these figures could point towards a slow down of US economy
which eventually could lead to cuts of Fed's rate.
On February 26th, the domestic forex market opened at 3.3740 level, which was well-offered as the exchange rate ranged
only 40 pips in both directions during the trading session. RON reached intraday high in the fist hour of trading, when the
selling orders took the exchange rate to 3.3710 level. Despite the bearish regional mood, the RON held on quite well against
the hard currencies, as the short term interest rates were RON supportive.
On Tuesday, the single currency was quoted at 3.3760 level in the beginning of trading, and followed an upward path, as
euro selling orders prevailed. The European currency rallied until 3.3850 zone in the first part of the forex session, as offshore
investors decided to close some of their positions in the emerging markets at the month end.
MONEY MARKET
Yesterday, the National Bank held its usual Monday deposit auction and drained 25% of the overall offer of commercial
banks, amounting to RON 2bln. On February 27th, the short term interest rates remained in the nearby of the monetary
policy with 7/8% bids/asks, as the partial sterilization of the NBR did not surprise the market anymore. The commercial
banks maintain their policy of constituting higher reserves in the beginning of a new reserve period.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3786 |
0.0015 |
-0.09% |
-0.08% |
|
USD/RON |
2.5652 |
-0.0098 |
-0.09% |
-0.08% |
|
GBP/RON |
5.0370 |
-0.0019 |
-0.57% |
-0.49% |
|
CHF/RON |
2.0842 |
0.0071 |
-1.37% |
-1.18% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.13% |
6.81% |
6.31% |
6.22% |
|
BUBOR |
8.06% |
8.00% |
7.90% |
7.88% |
|
LIBOR (EUR) |
3.58% |
3.73% |
3.97% |
4.11% |
|
LIBOR (USD) |
5.29% |
5.32% |
5.38% |
5.35% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
9,015.53 |
1.60% |
|
BET-C |
5,765.68 |
1.39% |
|
BET-FI |
62,845.32 |
-1.63% |
|
RASDAQC |
2,995.46 |
2.54% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.91 |
0.00% |
4.30 |
|
02-Jul-10 |
5.75% |
104.43 |
0.11% |
4.29 |
|
06-May-12 |
6.50% |
119.11 |
0.17% |
4.30 |
|
22-Jun-15 |
4 125% |
96.42 |
0.31% |
4.65 |
|
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 |
-0.13% |
1,236.20 |
1,459.68 |
|
DJI |
12,632.26 |
-0.12% |
12,647.48 |
12,786.64 |
|
NASDAQ |
2,504.52 |
-0.42% |
2,431.07 |
2,524.94 |
|
XETRADAX |
7,027.59 |
0.26% |
6,859.45 |
7,009.46 |
|
NIKKEI 225 |
18,119.92 |
-0.52% |
14,500.26 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3168 |
-0.03% |
|
GBP/USD |
1.9598 |
-0.29% |
|
USD/CHF |
1.2285 |
-0.16% |
|
USD/SEK |
7.0333 |
-0.31% |
|
USD/JPY |
119.89 |
-0.63% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3200 |
Res. 1 |
1.3230 |
|
Sup. 2 |
1.3150 |
Res. 2 |
1.3260 |
|
Sup. 3 |
1.3120 |
Res. 3 |
1.3280 |
|
Sup. 4 |
1.3090 |
Res. 4 |
1.3330 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
683.5 |
-0.15% |
|
SILVER |
14.58 |
0.34% |
|
OIL (BRENT) |
60.03 |
-0.07% |
|
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.