CREDIT EUROPE DAILY
"Time heals nothing, it merely re-arranges our memory." - Gary Numan
FOREX MARKET
On March 14th, the euro extended its gains until 1.3240 zone, as market shifted attention towards the imbalances in
the US economy, fueled lately the bankruptcy of several major US subprime lenders on back of increasing defaults.
However, the greenback relieved against the euro and found some stability in the 1.3190-1.3210 zone, after the US
current account gap narrowed to USD -196bln vs. USD -204bln consensus estimates and better than expected trade
data. Today, the pair lacks a clear direction, standing flat in the 1.3200 zone in mid-European session, as investors are
awaiting for major data as EZ HICP and US PPI and Fhiladelphia Fed business activity survey.
On Wednesday, important buying orders had driven the opening bids higher by 150 pips as compared to closing levels,
respectively to 3.3850 area. However within a couple of minutes, the sellers made their appearance taking advantage
of the high exchange rates and pushed the pair down to 3.3750 area where it stabilized until the end of trading.
On March 15th, the Romanian currency opened 50 pips lower in the 3.3700 zone, supported by the recovery of the
regional markets. In the first hour of trading, RON gained 100 pips against the euro, climbing until 3.3600 zone on back
of high off-shore interest. However around noontime, the pair stabilized in the 3.3700 zone, as domestic clients took
advantage of the conveyable exchange rates to purchase the euro for their imports.
MONEY MARKET
On March 14th, the Minister of Finance attracted liquidity for one week at an average interest rate of 8.07%, while the
maximum yield went as high as 8.25%. On Thursday, the overnight maturities were bided higher at 9/10% levels at the
opening of trade, driven by NBR's usual monthly CD auction for three-month maturities, planning to drain RON 200mln.
The MF announced today another 1W deposit auction that drove the ON yields up to 9/12% bids/asks.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
(%) |
Annualized |
|
|
EUR/RON |
3.3810 |
0.0077 |
-0.02% |
-0.02% |
|
USD/RON |
2.5623 |
0.0012 |
-0.21% |
-0.17% |
|
GBP/RON |
4.9311 |
-0.0086 |
-2.66% |
-2.22% |
|
CHF/RON |
2.1069 |
0.0156 |
-0.29% |
-0.24% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.46% |
7.53% |
6.63% |
6.48% |
|
BUBOR |
9.53% |
8.50% |
8.00% |
7.88% |
|
LIBOR(EUR) |
3.83% |
3.86% |
4.00% |
4.09% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.30% |
5.14% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,602.20 |
2.13% |
|
BET-C |
5,514.62 |
1.70% |
|
BET-FI |
55,830.97 |
1.24% |
|
RASDAQ C |
2,946.53 |
-0.21% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.62 |
-0.03% |
4.31 |
|
02-Jul-10 |
5.75% |
104.39 |
-0.12% |
4.30 |
|
06-May-12 |
6.50% |
119.05 |
-0.23% |
4.28 |
|
22-Jun-15 |
4.125% |
96.24 |
-0.33% |
4.68 |
|
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 |
Year High |
|
|
S&P 500 |
1,318.03 |
0.67% |
1,265.95 |
1,459.68 |
|
DJI |
12,133.40 |
0.48% |
12,075.96 |
12,318.62 |
|
NASDAQ |
2,371.74 |
0.90% |
2,340.68 |
2,524.94 |
|
XETRA DAX |
6,447.70 |
-2.66% |
6,494.30 |
7,027.59 |
|
NIKKEI 225 |
16,860.39 |
1.10% |
15,154.06 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3211 |
0.12% |
|
GBP/USD |
1.9327 |
0.52% |
|
USD/CHF |
1.2184 |
0.22% |
|
USD/SEK |
7.0239 |
-0.21% |
|
USD/JPY |
117.29 |
1.09% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3120 |
Res. 1 |
1.3200 |
|
Sup. 2 |
1.3090 |
Res. 2 |
1.3230 |
|
Sup. 3 |
1.3070 |
Res. 3 |
1.3260 |
|
Sup. 4 |
1.3020 |
Res. 4 |
1.3280 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
644.7 |
0.44% |
|
SILVER |
12.84 |
1.66% |
|
OIL (BRENT) |
61.38 |
0.34% |
|
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 Credit Europe Bank Romania S.A.,3rd Nerva Traian Street, Bucharest. For further information please contact Melania Hancila -Treasury & Capital Markets Division, Phone 308 52 66, Fax 318 87 74.
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 Credit Europe Bank Romania S.A., Nerva Traian nr.3, Bucuresti. Pentru mai multe informatitii si intrebari, va rugam contactati Departamentul Trezorerie si Piete de capital - Melania Hancila, Telefon: 308 52 66, Fax: 318 87 74.
Acest buletin are scop informativ si nu reprezintaun 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.