CREDIT EUROPE DAILY
"Obstacles are those frightful things you see when you take your eyes off the goal." - Hannah More
FOREX MARKET
On July 4th, the single currency was bided at 3.1320 level at the opening of the domestic session. Shortly after,
the bids climbed as high as 3.1465 level within less than one hour driven by hard buying orders from clients who
decided to cash in some of their profits. There was high volatility on the forex market yesterday, with the single
currency undergoing a wide range between 3.1250-3.1500 level with no clear direction for most of the trading.
On Thursday, the Romanian forex market opened at 3.1420 level and held within this area in the first part of
trading, as bids did not rise higher than 50 pips above this level. It is likely that the pair could follow a downward
path later this session towards 3.1000 area, as speculators seem bullish on the CEE currencies today.
The US dollar lost ground lately against its major peers, as investors decided to sell it in favour of currencies
which have prospects to increase their yields. On July 4th, US financial markets were closed for holiday, as
Americans were celebrating the Independence Day. On Thursday, the market players will be focusing over the
monetary policy meetings of ECB and BoE. The Bank of England is widely expected to hike the benchmark rate
by 25 bps to 5.75%, raising it above Fed's 5.25% policy rate and this propelled the sterling to 26-year high against
the dollar. Also, the market will be eyeing the policy statement of Trichet, looking for incentives regarding future
hikes, although ECB is expected to keep rates on hold this meeting.
MONEY MARKET
On July 4th, the ON maturities were quoted for 6/7% bids/asks. On Thursday, the overnight interest rates rose
slightly up to 6.5/7.5% levels, probably because the Minister of Finance will hold an auction for selling three-year
benchmark bonds today. The bonds bear a fixed coupon rate of 6.0% and the indicative amount stands at RON
500mln.
|
Domestic Markets Foreign Exchange Rates |
||||
|
NBR |
Daily Change |
Year to Date (%) |
Annualized |
|
|
EUR/RON |
3.1354 |
0.0123 |
-7.28% |
-4.88% |
|
USD/RON |
2.3014 |
0.0064 |
-10.37% |
-7.00% |
|
GBP/RON |
4.6454 |
0.0165 |
-8.30% |
-5.58% |
|
CHF/RON |
1.8930 |
0.0052 |
-10.42% |
-7.03% |
|
Interbank Market Interest Rates (%) |
||||
|
ON |
1M |
6M |
12M |
|
|
BUBID |
6.21% |
6.78% |
6.74% |
6.65% |
|
BUBOR |
7.17% |
7.59% |
7.60% |
7.58% |
|
EURIBOR |
4.02% |
4.10% |
4.33% |
4.54% |
|
LIBOR(USD) |
5.32% |
5.32% |
5.38% |
5.40% |
|
Romanian Equities |
||
|
Last |
Daily (%) |
|
|
BET |
9,990.22 |
2.52% |
|
BET-C |
6,784.42 |
2.15% |
|
BET-FI |
87,033.82 |
-1.24% |
|
RASDAQ C |
5,128.78 |
0.00% |
|
Romanian Eurobonds |
||||
|
Maturity |
Cupon |
Price |
Daily (%) |
Yield |
|
27-Jun-08 |
10.63% |
105.48 |
0.03% |
4.67 |
|
02-Jul-10 |
5.75% |
102.27 |
-0.07% |
4.91 |
|
06-May-12 |
6.50% |
114.89 |
-0.12% |
4.95 |
|
22-Jun-15 |
4.125% |
92.11 |
-0.23% |
5.37 |
|
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% |
1,374.12 |
1,539.18 |
|
DJI |
13,577.30 |
0.00% |
13,408.62 |
13,577.30 |
|
NASDAQ |
2,644.95 |
0.00% |
2,506.34 |
2,632.30 |
|
XETRA DAX |
8,075.26 |
0.31% |
7,801.23 |
8,090.49 |
|
NIKKEI 225 |
17,849.28 |
0.29% |
15,725.94 |
18,240.30 |
|
International Market Exchange Rates |
||
|
CURRENCY |
Latest |
Daily Change |
|
EUR/USD |
1.3612 |
-0.11% |
|
GBP/USD |
2.0159 |
-0.17% |
|
USD/CHF |
1.2165 |
0.14% |
|
USD/SEK |
6.7215 |
-0.59% |
|
USD/JPY |
123.04 |
0.30% |
|
EUR/USD trading rate |
|||
|
Support |
Resistance |
||
|
Sup. 1 |
1.3580 |
Res. 1 |
1.3660 |
|
Sup. 2 |
1.3540 |
Res. 2 |
1.3680 |
|
Sup. 3 |
1.3460 |
Res. 3 |
1.3720 |
|
Sup. 4 |
1.3420 |
Res. 4 |
1.3800 |
|
Commodities |
||
|
Latest |
Daily (%) |
|
|
GOLD |
655.3 |
0.15% |
|
SILVER |
12.64 |
0.32% |
|
OIL (BRENT) |
75.45 |
0.20% |
|
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.