CREDIT EUROPE DAILY
"There's always a fear in working class people that all the success and adulation has just been a dream and that you'll
wake up tomorrow morning back where you started" - Adam Faith, pop singer and founder af the Money Channel
FOREX MARKET
On 2nd of May RON was bid at 3.3230 level at the opening and remained rather flat, and closing at 3.3210 level.
On Thursday, the domestic forex market opened flat as compared to closing levels, respectively at 3.3200. Currently, the
Romanian currency lost modestly against the euro, as the 3.3130-3.3150 bids.
The solid ISM data yesterday sparked a rally in USD-crosses such as the USDJPY, which is trading in the highest level in more
than 2 months. USD gained for a third day in a row on back of the strong ISM data released on Wednesday. The Manufacturing
Index rose to 54.7 vs. 51.0 expected and the ISM Prices Paid came out at 73.0 vs. 67.8 expected. The USD Trade Weighted
Index, that is the US dollar's value against the currencies of seven major trading partners climbed from an all-time low yesterday.
Today the EUR/USD increased to 1.3600, at the moment, bids stand at 1.3606.
MONEY MARKET
On Wednesday's trading session, the O/N RON deposits were quoted at 10/20% bid/ask, while at the end of the session were
quoted at 12/22%. On May 3rd the demand for RON liquidity remains high, the ON maturities are traded for 15/25% bids/asks.
On Wednesday, The National Bank of Romania has decided to lower the monetary policy from 7.5 % to 7.25% and to pursue an
adequate control of liquidity via open-market operations in line with money market conditions. In its meeting, the NBR has also
decided to leave unchanged the existing minimum reserve requirement ratios on both leu- and foreign currency. The quarterly
inflation Report will be released to the public on May 4th.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.3241 |
-0.0031 |
-1.70% |
-1.27% |
|
USD/RON |
2.4481 |
0.0029 |
-4.65% |
-3.50% |
|
GBP/RON |
4.8794 |
0.0090 |
-3.68% |
-2.77% |
|
CHF/RON |
2.0120 |
-0.0109 |
-4.78% |
-3.60% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
9.06% |
7.38% |
6.86% |
6.54% |
|
BUBOR |
17.13% |
10.03% |
8.53% |
8.22% |
|
LIBOR(EUR) |
3.84% |
3.86% |
4.14% |
4.30% |
|
LIBOR(USD) |
5.31% |
5.32% |
5.36% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,767.31 |
-0.16% |
|
BET-C |
5,920.33 |
-0.39% |
|
BET-FI |
70,265.00 |
6.80% |
|
RASDAQ C |
3,795.43 |
0.20% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.62 |
-0.11% |
4.49 |
|
02-Jul-10 |
5.75% |
106.57 |
2.83% |
4.50 |
|
06-May-12 |
6.50% |
117.35 |
-0.13% |
4.54 |
|
22-Jun-15 |
4.125% |
94.49 |
-0.32% |
4.96 |
|
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 |
0.65% |
1,314.78 |
1,495.42 |
|
DJI |
13,210.66 |
0.57% |
13,105.50 |
13,136.14 |
|
NASDAQ |
2,557.84 |
1.04% |
2,394.41 |
2,557.21 |
|
XETRA DAX |
7,455.93 |
0.64% |
7,142.95 |
7,408.87 |
|
NIKKEI 225 |
17,312.03 |
-0.69% |
15,557.45 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3606 |
0.14% |
|
GBP/USD |
1.9917 |
-0.19% |
|
USD/CHF |
1.2111 |
-0.28% |
|
USD/SEK |
6.7144 |
-0.15% |
|
USD/JPY |
120.14 |
0.27% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3580 |
Res. 1 |
1.3620 |
|
Sup. 2 |
1.3540 |
Res. 2 |
1.3670 |
|
Sup. 3 |
1.3500 |
Res. 3 |
1.3700 |
|
Sup. 4 |
1.3480 |
Res. 4 |
1.3720 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
674.1 |
-0.01% |
|
SILVER |
13.25 |
-0.23% |
|
OIL (BRENT) |
64.91 |
-3.25% |
|
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.