CREDIT EUROPE DAILY
"If you have much, give of your wealth; if you have little, give of your heart." - Arab proverb
FOREX MARKET
On Friday, the domestic market opened in the 3.2800 zone, dropped until 3.2750 level. In the first part of trading, RON
suffered a slight correction against the euro until 3.2870 level, following the bearish move of its regional peers.
However, in the second part of the local session, RON recovered and rallied against the euro until 3.2720 level, as the
high interest rates kept on sustaining the local currency.
On May 14th, the single currency was bided at 3.2780 level at the opening of the domestic trading, but it seemed quite
well offered as it ranged less than 50 pips in either direction until noon.
On Friday, the greenback lost some of its recent gains to the euro, due to a surprise decline in US retail sales in April
and mild core producer prices which reinforced expectations that the US economy would be slowing down. Therefore,
the US dollar depreciated against the euro until 1.3530 zone, but the decline was shortly lived, as investors started to
price in that the Federal Reserve won't be cutting rates any time soon. On Monday European session, the EUR/USD is
traded 1.3540 zone, but the pair is likely to remain in recent ranges as there are not important data releases today.
MONEY MARKET
On Friday, the overnight interest rates remained flat in the 10/14% levels, as another repo auction was announced by
NBR for the indicative amount of RON 2bln. The National Bank injected RON 2bln in the domestic market for the
average interest rate of 7.43%, while the minimum accepted rate stood at 7.29%, slightly above the 7.25% policy rate.
After NBR released the results to the repo auction, the ON rates dropped slightly, until 8/12% zone. On Monday, the
overnight maturities remained steady in the 8/12% levels, as the scarce liquidity persists on the Romanian money
market, therefore the NBR did not held its usual 1M deposit auction.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.2863 |
0.0022 |
-2.82% |
-2.07% |
|
USD/RON |
2.4380 |
0.0119 |
-5.05% |
-3.72% |
|
GBP/RON |
4.8236 |
0.0004 |
-4.78% |
-3.52% |
|
CHF/RON |
2.0011 |
0.0087 |
-5.30% |
-3.91% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
8.38% |
7.24% |
6.78% |
6.53% |
|
BUBOR |
13.38% |
9.78% |
8.31% |
8.05% |
|
LIBOR(EUR) |
3.71% |
3.87% |
4.16% |
4.30% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.36% |
5.29% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,510.05 |
-0.28% |
|
BET-C |
5,783.93 |
-0.53% |
|
BET-FI |
68,270.24 |
-1.73% |
|
RASDAQ C |
3,834.81 |
0.40% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.61 |
0.09% |
4.38 |
|
02-Jul-10 |
5.75% |
103.49 |
-0.23% |
4.52 |
|
06-May-12 |
6.50% |
117.20 |
-0.31% |
4.56 |
|
22-Jun-15 |
4.125% |
94.37 |
-0.43% |
4.98 |
|
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 |
0.96% |
1,331.32 |
1,512.58 |
|
DJI |
13,326.22 |
0.84% |
13,215.13 |
13,362.87 |
|
NASDAQ |
2,562.22 |
1.12% |
2,417.10 |
2,576.34 |
|
XETRA DAX |
7,479.34 |
0.86% |
7,270.32 |
7,525.69 |
|
NIKKEI 225 |
17,677.94 |
0.71% |
15,557.45 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3534 |
0.39% |
|
GBP/USD |
1.9835 |
0.24% |
|
USD/CHF |
1.2174 |
-0.21% |
|
USD/SEK |
6.8065 |
-0.56% |
|
USD/JPY |
120.21 |
0.28% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3520 |
Res. 1 |
1.3570 |
|
Sup. 2 |
1.3460 |
Res. 2 |
1.3600 |
|
Sup. 3 |
1.3400 |
Res. 3 |
1.3630 |
|
Sup. 4 |
1.3350 |
Res. 4 |
1.3680 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
674.3 |
0.88% |
|
SILVER |
13.23 |
2.00% |
|
OIL (BRENT) |
64.87 |
0.86% |
|
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.