FINANS DAILY
"We can be knowledgeable with other men's knowledge, but we cannot be wise with other men's wisdom." - Michel
de Montaigne
FOREX MARKET
On March 8th, the European Central Bank raised the policy rate by 25 bps to 3.75%, as largely expected by the market. The
statement of ECB's president was quite dovish, as he did not use the world " vigilance", but defined the current level of
monetary policy as being accommodative which means that rate hikes are strictly data dependent. During Trichet 's speech,
the euro lost ground and fell until 1.3115 level, however after the market had time to properly evaluate the statement, euro
recovered slightly towards 1.3140 zone. On Friday, the EUR/USD found some stability in the 1.3140-1.3150 zone, as
investors refrain from taking new positions ahead of today's US job and trade data. On March 8th, the single currency was
quoted at 3.3820 level, but shortly after the sellers made their appearance on the interbank market and pushed the pair
lower. RON appreciated gradually until 3.3720 zone during the trading and closed within this zone. The Romanian currency
mirrored the course of its regional peers which also strengthened against the hard currencies, as risk appetite of the off-shore
investors seem to have rebounded in the past two days.
On Friday, the domestic forex market opened at 3.3720 level, which seems to be intraday low, as the buying orders
prevailed the first part of the trade and pushed EUR/RON until 3.3770 level. We expect that the 3.3700 support zone to hold
on today, as the off-shore players will be waiting for the release of US job data to decide their reconsider their position in
the emerging markets.
MONEY MARKET
The short term interest rates remained flat in the 7.5/8.5% zone on Friday, as the liquidity conditions restrained lately on the
Romanian interbank money market.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.3792 |
-0.0088 |
-0.07% |
-0.06% |
|
USD/RON |
2.5686 |
-0.0132 |
0.04% |
0.03% |
|
GBP/RON |
4.9701 |
-0.0123 |
-1.89% |
-1.60% |
|
CHF/RON |
2.1039 |
-0.0066 |
-0.44% |
-0.37% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
7.60% |
7.34% |
6.50% |
6.41% |
|
BUBOR |
8.43% |
8.23% |
7.94% |
7.88% |
|
LIBOR (EUR) |
3.55% |
3.84% |
3.97% |
4.07% |
|
LIBOR (USD) |
5.30% |
5.32% |
5.29% |
5.15% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,566.86 |
0.51% |
|
BET-C |
5,506.33 |
0.42% |
|
BET-FI |
55,992.01 |
-0.25% |
|
RASDAQC |
2,878.52 |
-0.01% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.66 |
-0.04% |
4.34 |
|
02-Jul-10 |
5.75% |
104.39 |
0.02% |
4.29 |
|
06-May-12 |
6.50% |
119.19 |
0.04% |
4.26 |
|
22-Jun-15 |
4 125% |
96.15 |
-0.02% |
4.69 |
|
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 |
0.71% |
1,249.13 |
1,459.68 |
|
DJI |
12,260.70 |
0.56% |
12,050.41 |
12,268.63 |
|
NASDAQ |
2,387.73 |
0.55% |
2,340.68 |
2,524.94 |
|
XETRADAX |
6,713.23 |
1.44% |
6,494.30 |
7,027.59 |
|
NIKKEI 225 |
17,164.04 |
0.43% |
14,500.26 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3147 |
-0.17% |
|
GBP/USD |
1.9308 |
-0.08% |
|
USD/CHF |
1.2273 |
0.66% |
|
USD/SEK |
7.0701 |
0.48% |
|
USD/JPY |
117.38 |
0.69% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3140 |
Res. 1 |
1.3180 |
|
Sup. 2 |
1.3100 |
Res. 2 |
1.3220 |
|
Sup. 3 |
1.3070 |
Res. 3 |
1.3260 |
|
Sup. 4 |
1.3000 |
Res. 4 |
1.3300 |
|
Commodities |
||
|
Latest |
Daily ( %) |
|
|
GOLD |
652.1 |
-0.09% |
|
SILVER |
12.97 |
-0.46% |
|
OIL (BRENT) |
60.94 |
-0.38% |
|
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% |
3.75% |
4.00% |
4.25% |
4.25% |
4.75% |
EUR 1,000 |
|
RON |
3.00% |
7.25% |
7.25% |
7.50% |
7.50% |
7.75% |
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.