CREDIT EUROPE DAILY
"Nothing seems expensive on credit." - Czech Proverb
FOREX MARKET
On Tuesday, the Romanian forex market opened flat as compared to the previous day, respectively at 3.2670 level, but
dropped until 3.2640 level in the first hour of trading. However, towards noon time, the euro purchases prevailed the forex
trading pushing the single currency up to 3.2720 area, as some of the off-shore players started to take profits from the
emerging markets.
On May 30th, the single currency was bided higher in the 3.2720 level and held within this zone ranging less than 30 pips
in either directions until noon time.
The euro recovered slightly on May 29th due to the hawkish comments from ECB's officials suggesting more Euro Zone
rate hikes this year. Therefore, the euro rallied up to 1.3520 zone against the dollar during the European trading.
However later, the greenback pared back losses after a stronger than expected US consumer confidence report for May
revealing upward inflation outlook which reduced chances of a rate cut of the federal rate in 2007. On Wednesday, the
American dollar is holding is recent gains, as it is quoted in the 1.3430-1.3450 area in early European session.
MONEY MARKET
On May 29th, the overnight maturities were traded 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. On Wednesday, the
overnight maturities remained deadlocked in the 6.5/7.5% zone. The Minister of Finance released the debt plan for June
when it intends to attract RON 400mln for the domestic market. On June 7th, the MF will be holding 10Y benchmark bond
auction caring a coupon rate of 6.75%, the largest maturity since MF resumed domestic borrowing.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date(%) |
Annualized |
|
|
EUR/RON |
3.2725 |
0.0020 |
-3.23% |
-2.30% |
|
USD/RON |
2.4270 |
-0.0042 |
-5.48% |
-3.92% |
|
GBP/RON |
4.8231 |
0.0026 |
-4.79% |
-3.42% |
|
CHF/RON |
1.9838 |
0.0044 |
-6.12% |
-4.38% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.66% |
6.81% |
6.75% |
6.56% |
|
BUBOR |
7.44% |
7.69% |
7.69% |
7.72% |
|
LIBOR(EUR) |
3.84% |
3.99% |
4.24% |
4.44% |
|
LIBOR(USD) |
5.31% |
5.32% |
5.38% |
5.39% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
8,624.70 |
-0.98% |
|
BET-C |
5,873.93 |
-1.21% |
|
BET-FI |
71,103.92 |
-0.07% |
|
RASDAQ C |
4,207.18 |
0.09% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
106.07 |
-0.04% |
4.63 |
|
02-Jul-10 |
5.75% |
103.28 |
0.03% |
4.58 |
|
06-May-12 |
6.50% |
116.62 |
0.03% |
4.64 |
|
22-Jun-15 |
4.125% |
93.81 |
0.02% |
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 |
0.16% |
1,364.05 |
1,525.10 |
|
DJI |
13,521.34 |
0.10% |
13,441.13 |
13,542.88 |
|
NASDAQ |
2,572.06 |
0.58% |
2,505.35 |
2,588.02 |
|
XETRA DAX |
7,781.04 |
0.54% |
7,415.33 |
7,739.20 |
|
NIKKEI 225 |
17,588.26 |
-0.48% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3443 |
0.04% |
|
GBP/USD |
1.9799 |
-0.26% |
|
USD/CHF |
1.2239 |
-0.32% |
|
USD/SEK |
6.8963 |
0.69% |
|
USD/JPY |
121.58 |
0.17% |
|
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 |
657.1 |
0.24% |
|
SILVER |
13.14 |
1.62% |
|
OIL (BRENT) |
70.15 |
-0.40% |
|
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.