CREDIT EUROPE DAILY
"Nothing is as soft as water, yet who can withstand the raging flood ?" - Lao Ma
FOREX MARKET
On Wednesday, the single currency was quoted at 3.2090 level at the opening of the forex session, but
shortly after the bids climbed until 3.2180 level the highest, as importers took advantage of the low exchange
rates and purchased the euro for their commercial needs. However, in the second part of the trading session,
the Romanian currency underwent another strong rally, testing the 3.2000 threshold and reaching another 4-
1/2-year high against the euro.
On June 21st, the domestic forex market opened in the 3.2040 level which seemed to be well priced in, as it
remained flat within this area, climbing less than 50 pips by noon time. We expect that the single currency
would recover slightly today up to 3.2250 level, as it might mirror the dovish mood of its regional peers.
The unexpected decline in Germany's ZEW business sentiment on June 19th, limited the rally of the euro
against its major peers. In early European trading, the single currency fall down to 1.3380 level, as the market
turned attention towards the greenback today, after a recovery of the US treasury yields. Today, the players
will be focusing over the US Initial Claims and Philadelphia Fed survey.
MONEY MARKET
On Wednesday, the overnight maturities were traded for 5.75/6.50% bids/asks. On June 21st, the overnight
interest rates fall to 3/5% zone, as the reserve period is approaching the end and the commercial banks
seemed to have already constituted their mandatory reserves. Today, the Minister of Finance will be selling
3Y benchmark bonds with a fixed coupon rate of 6.00%.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.2126 |
-0.0089 |
-5.00% |
-3.43% |
|
USD/RON |
2.3926 |
-0.0137 |
-6.82% |
-4.69% |
|
GBP/RON |
4.7661 |
-0.0079 |
-5.92% |
-4.06% |
|
CHF/RON |
1.9331 |
-0.0036 |
-8.52% |
-5.87% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
3.59% |
6.88% |
6.68% |
6.57% |
|
BUBOR |
4.94% |
7.50% |
7.52% |
7.51% |
|
EURIBOR |
4.08% |
4.11% |
4.28% |
4.50% |
|
LIBOR(USD) |
5.29% |
5.32% |
5.39% |
5.44% |
| Romanian Equities | ||
|
Last |
Daily (%) |
|
|
BET |
9,168.79 |
0.79% |
|
BET-C |
6,234.76 |
0.90% |
|
BET-FI |
74,232.39 |
1.00% |
|
RASDAQ C |
4,786.63 |
0.83% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
105.67 |
-0.11% |
4.70 |
|
02-Jul-10 |
5.75% |
102.29 |
-0.20% |
4.91 |
|
06-May-12 |
6.50% |
115.13 |
-0.29% |
4.92 |
|
22-Jun-15 |
4.125% |
92.21 |
-0.41% |
5.35 |
|
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 |
-1.36% |
1,374.12 |
1,539.18 |
|
DJI |
13,489.42 |
-1.07% |
13,612.98 |
13,639.48 |
|
NASDAQ |
2,599.96 |
-1.02% |
2,525.29 |
2,626.71 |
|
XETRA DAX |
8,090.49 |
0.71% |
7,590.50 |
8,036.12 |
|
NIKKEI 225 |
18,240.30 |
0.16% |
15,725.94 |
18,215.35 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3395 |
-0.22% |
|
GBP/USD |
1.9923 |
0.16% |
|
USD/CHF |
1.2391 |
-0.06% |
|
USD/SEK |
6.9088 |
-1.45% |
|
USD/JPY |
123.62 |
0.30% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3370 |
Res. 1 |
1.3430 |
|
Sup. 2 |
1.3330 |
Res. 2 |
1.3480 |
|
Sup. 3 |
1.3300 |
Res. 3 |
1.3510 |
|
Sup. 4 |
1.3260 |
Res. 4 |
1.3530 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
654.6 |
-0.82% |
|
SILVER |
13.15 |
-1.05% |
|
OIL (BRENT) |
71.04 |
-2.23% |
|
Interest Rates for Time Deposits of Credit Europe Bank |
|||||||
|
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% |
8.00% |
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.