CREDIT EUROPE DAILY
"Never take counsel of your fears." - Andrew Jackson
FOREX MARKET
On May 28th, the single currency was bided at 3.2670 level at the opening time and reached intraday high 3.2740
level shortly after. Towards noon time, the Romanian currency resumed the upward bias and rallied until 3.2650
zone amid thin traded volumes as some of the European financial markets were closed for holiday.
On Tuesday, the Romanian forex market opened flat as compared to the previous day, respectively at 3.2670 level.
However, towards noon time, the euro purchases prevailed the forex trading pushing the single currency up to
3.2700 area, as some of the off-shore players started to take profits from the emerging markets.
The EUR/USD held within 1.3450 zone on Monday, amid modest transacted volumes as US and some of the
European markets were closed for holiday. On May 29th, the greenback rebounded to 1.3420 zone, on back of
broadly positive sentiment on the dollar as the market players became convinced that the Federal Reserve would
not rush to diminish the rate from 5.25%. Today, the market would be eyeing the US consumer confidence figures
for May while tomorrow there would be released the minutes of the last FOMC meeting of Fed.
MONEY MARKET
On Monday, the overnight maturities were traded for 6.5/7.5% bids/asks, as the commercial banks were waiting for
the NBR to announce one-month deposit auction. The Central Bank decided to drain 50% of the excess liquidity in
the Romanian money market amounting to RON 2bln at the fixed key rate of 7.25%. Despite the partial sterilization
of NBR, the short term interest rates remained flat within the day. On May 29th, the overnight interest rates stay
deadlocked in the 6.5/7.5% zone, as the commercial banks decided to constitute higher reserves at the beginning of
the reserve period fearing high volatility of the short term rates.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.2705 |
-0.0046 |
-3.29% |
-2.35% |
|
USD/RON |
2.4312 |
-0.0074 |
-5.31% |
-3.80% |
|
GBP/RON |
4.8205 |
-0.0204 |
-4.84% |
-3.46% |
|
CHF/RON |
1.9794 |
-0.0064 |
-6.33% |
-4.54% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.56% |
6.81% |
6.75% |
6.53% |
|
BUBOR |
7.44% |
7.69% |
7.83% |
7.78% |
|
LIBOR(EUR) |
3.84% |
3.98% |
4.24% |
4.43% |
|
LIBOR(USD) |
5.30% |
5.32% |
5.38% |
5.37% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
8,710.26 |
0.15% |
|
BET-C |
5,945.87 |
0.11% |
|
BET-FI |
71,154.94 |
0.28% |
|
RASDAQ C |
4,203.24 |
0.89% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.11 |
-0.02% |
4.63 |
|
02-Jul-10 |
5.75% |
103.25 |
0.02% |
4.59 |
|
06-May-12 |
6.50% |
116.59 |
-0.03% |
4.66 |
|
22-Jun-15 |
4.125% |
93.79 |
0.10% |
5.08 |
|
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 |
0.00% |
1,362.83 |
1,525.10 |
|
DJI |
13,507.28 |
0.00% |
13,441.13 |
13,556.53 |
|
NASDAQ |
2,557.19 |
0.00% |
2,491.94 |
2,588.02 |
|
XETRA DAX |
7,739.20 |
0.00% |
7,415.33 |
7,739.20 |
|
NIKKEI 225 |
17,672.56 |
0.48% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3437 |
-0.12% |
|
GBP/USD |
1.9851 |
0.07% |
|
USD/CHF |
1.2278 |
0.10% |
|
USD/SEK |
6.8492 |
0.26% |
|
USD/JPY |
121.37 |
-0.20% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3420 |
Res. 1 |
1.3480 |
|
Sup. 2 |
1.3400 |
Res. 2 |
1.3500 |
|
Sup. 3 |
1.3370 |
Res. 3 |
1.3530 |
|
Sup. 4 |
1.3340 |
Res. 4 |
1.3570 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
655.5 |
-0.07% |
|
SILVER |
12.93 |
-0.08% |
|
OIL (BRENT) |
70.43 |
-1.44% |
|
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.