CREDIT EUROPE DAILY
"Marvellous woman by the way - not to bail me out. Like me she believes in free enterprise." - Sir Freddie
Laker, on Margaret Thatcher after the collapse of his pioneering low-cost airline
FOREX MARKET
After the strong recovery that the Euro had staged two days ago, the market seemed undecided yesterday on
whether to continue the retracement of the pair or use it as an opportunity to resume selling the Euro. The market
opened at 3.3470, made a low first at 3.3390, then in the afternoon a high at 3.3530, only to close at the same
3.3470.
Today the pair has been, until now, glued to the 3.35 level. The pair has opened at 3.3510, and the extremes have
been very close to that level: 3.3490 and 3.3520. Bids now stand at 3.3510.
After the 100 pips that the Dollar lost to the Euro two days ago, yesterday the greenback started to recover the lost
ground. Despite the fact that the Fed had hinted it will not raise interest rates further, investors bought the dollar
yesterday on views that the Fed will not lower rates either for some time. The pair fell from 1.3390 to a low of 1.3308
in American trade.
Today the pair is ranging between 1.3315 and 1.3340, with current quotations of 1.3322.
MONEY MARKET
O/N rates for RON deposits have been quite volatile in the last two days of the minimum reserve period. Despite
falling to bids of 6% yesterday, quotations have returned in the afternoon to averages of 9/14%. Today, in the last
day of the reserve period, demand for RON deposits has pushed the quotations further, to 13/16%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.3469 |
-0.0030 |
-1.03% |
-0.84% |
|
USD/RON |
2.5057 |
-0.0123 |
-2.41% |
-1.97% |
|
GBP/RON |
4.9357 |
-0.0026 |
-2.57% |
-2.10% |
|
CHF/RON |
2.0689 |
-0.0060 |
-2.09% |
-1.71% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.28% |
7.25% |
6.69% |
6.56% |
|
BUBOR |
8.25% |
8.66% |
8.09% |
7.91% |
|
LIBOR(EUR) |
3.82% |
3.86% |
4.12% |
4.12% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.31% |
5.18% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,628.00 |
0.03% |
|
BET-C |
5,566.92 |
0.33% |
|
BET-FI |
57,015.91 |
1.20% |
|
RASDAQ C |
3,058.92 |
0.99% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
107.47 |
-0.04% |
4.31 |
|
02-JuMO |
5.75% |
104.19 |
-0.12% |
4.33 |
|
06-May-12 |
6.50% |
118.73 |
-0.18% |
4.33 |
|
22-Jun-15 |
4.125% |
96.35 |
0.31% |
4.66 |
|
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 200510August20 |
7.48% |
|
RO0515DBN143 |
15 August 2005 |
15 August 2005 |
17 August 2005 |
7.49% |
|
RO0508DBN155 |
15September2005 |
19September2005 |
19September2008 |
7.60% |
|
International Equities |
||||
|
Last |
Daily Change |
Year Low |
Year High |
|
|
S&P 500 |
1,318.03 |
-0.03% |
1,265.95 |
1,459.68 |
|
DJI |
12,461.14 |
0.11% |
12,226.17 |
12,447.52 |
|
NASDAQ |
2,451.74 |
-0.17% |
2,340.68 |
2,524.94 |
|
XETRA DAX |
6,856.96 |
0.60% |
6,447.70 |
7,027.59 |
|
NIKKEI 225 |
17,480.61 |
0.35% |
15,154.06 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3325 |
-0.29% |
|
GBP/USD |
1.9646 |
-0.17% |
|
USD/CHF |
1.2154 |
0.40% |
|
USD/SEK |
6.9783 |
0.24% |
|
USD/JPY |
118.10 |
0.52% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3310 |
Res. 1 |
1.3380 |
|
Sup. 2 |
1.3280 |
Res. 2 |
1.3420 |
|
Sup. 3 |
1.3260 |
Res. 3 |
1.3480 |
|
Sup. 4 |
1.3240 |
Res. 4 |
1.3590 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
661.6 |
-0.50% |
|
SILVER |
13.37 |
-0.07% |
|
OIL (BRENT) |
62.01 |
2.29% |
|
Interest Rates for Time Deposits of Finansbank (Romania) SA |
|||||||
|
1WK |
1M |
3M |
6M |
9M |
12M |
Minimum Amount |
|
|
USD |
0.50% |
.50% |
.50% |
.50% |
.50% |
.50% |
USD 1,000 |
|
EUR |
-0.07% |
.07% |
.07% |
4.25% |
4.25% |
.07% |
EUR 1,000 |
|
RON |
3.00% |
2.29% |
2.29% |
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.