DAILY REPORTDate Currency Source: Public Debt Management Agency Moody's S&P Fitch Ba3 BB BB+ Outlook...
Transcript of DAILY REPORTDate Currency Source: Public Debt Management Agency Moody's S&P Fitch Ba3 BB BB+ Outlook...
Source: Daily FX
Value Previous Change YTD Value Previous Change YTD
117.6452 117.6300 0.01% -0.46% 1.1150 1.1171 -0.19% -2.78%
105.4641 105.4127 0.05% 2.01% 1.0993 1.0994 -0.01% -2.51%
106.8725 106.8878 -0.01% 1.80% 0.8603 0.8607 -0.05% 1.57%
136.9241 135.9884 0.69% 4.38% 1.2960 1.2975 -0.12% -0.98%Source: NBS 108.6200 108.4700 0.14% -4.29%
Source: Bloomberg
Source: Bloomberg Source: Bloomberg
Value Next decision Value
2.50% 7.11.2019 0.00%
Deposit facility 1.25% 2.00%
Lending facility 3.75% 0.75%
Repo operations (one week) 1.26% -0.75%
Source: NBS Source: Bloomberg
21.10.2019 18.10.2019 Change (bps) 21.10.2019 18.10.2019 Change(bps)
1.28% 1.28% 0.00 -0.464% -0.462% -0.002
1.69% 1.69% 0.00 -0.549% -0.547% -0.002
1.98% 1.99% -0.01 -0.438% -0.438% 0.000
2.16% 2.16% 0.00 -0.408% -0.407% -0.001
Source: Reuters -0.349% -0.351% 0.002
Note: Values are with 1 day delay Source: Bloomberg, EBF
Note: Values are with 1 day delay
Value Previous Change (bps) Value Previous Change(bps)
1.823% 1.850% -0.027 -0.340% -0.350% 0.010
1.934% 1.953% -0.019 -0.249% -0.271% 0.022
1.934% 1.952% -0.018 0.067% 0.024% 0.043
-0.797% -0.795% -0.002 1.583% 1.588% -0.005
-0.774% -0.775% 0.001 1.552% 1.562% -0.010
-0.701% -0.706% 0.005 1.671% 1.674% -0.003
Sources: ICE, Bloomberg Sources: IBA, Bloomberg
Libor 3M (CHF) USD ISDA 5Y FIXING
Libor 6M (CHF) USD ISDA 10Y FIXING
Libor 3M (USD) EURIBOR ISDA 5Y FIXING
Libor 6M (USD) EURIBOR ISDA 10Y FIXING
Libor 1M (CHF) USD ISDA 3Y FIXING
BELIBOR 6M EURIBOR3M
Libor interest rates Interest rate Swap
Libor 1M (USD) EURIBOR ISDA 3Y FIXING
BEONIA EONIA
BELIBOR1M
EURIBOR1MBELIBOR3M
EURIBOR6M
€STR
United Kingdom (BOE) 7.11.2019
Switzerland (SNB) 12.12.2019
Serbia - Interbank interest rates Serbia Europe - Interbank interest rates - Europe
Next decision
Key policy rate Eurozone (ECB) 24.10.2019
US (FED) 30.10.2019
GBP/RSD GBP/USD
USD/JPY
National Bank of Serbia Interest rates Major interest rates
EUR/RSD EUR/USD
USD/RSD EUR/CHF
CHF/RSD EUR/GBP
FX rates and money market
FX rates on domestic market International markets
Currency Currency
Key events
TimeCountry/
RegionEvent Period Previous Forecast
Overall trading at the Belgrade Stock Exchange was RSD 10.7 mln (EUR 91k). There was no bond trading.
Euro marginally changed against the dollar ($1.1150).
U.S. equities rose on positive trade developments as the reporting season entered its second week. S&P 500 up 0.7%, Dow Jones added 0.2%, Nasdaq gained
0.9%.
European stocks advanced as banking sector shares climbed. Euro Stoxx 50 up 0.6%, FTSE 100 up 0.2%, DAX up 0.9%, CAC 40 up 0.2%.
Oil lower (WTI $53.31 and Brent $58.96).
Gold lower ($1484.60).
Financial Market Analysis
Treausury and ALM department
DAILY REPORT
Flash
Dinar marginally changed against the euro (117.6452).
Bank of the Group
October 22, 2019
1.08
1.09
1.1
1.11
1.12
1.13
1.14EUR/USD
0
10
20
30
40
50
60
70
80
117
118
119
120
121
122EUR mio EUR/RSD
Turnover on FX market (right axis)
Date Currency
Source: Public Debt Management Agency
Moody's S&P Fitch
Ba3 BB BB+
Outlook Stable Positive Stable
Date 17.3.2017 14.12.2018 27.9.2019 Sources: Bloomberg, JPMorgan
Source: Bloomberg
Date Value Previous Date Value Previous
04.02.2016 2.75% 2.79% 21.05.2018 0.45% 0.47%
02.03.2017 2.64% 2.65% 27.05.2019 0.84% 1.00%
07.02.2017 3.48% 3.49% 18.06.2019 1.15% 1.23%
24.10.2017 4.05% 4.65% 20.06.2019 1.48% 1.68%
11.06.2019 3.39% 3.63% 11.06.2018 2.50%
05.02.2019 4.00% 3.74% 09.10.2019 1.89% 3.25%
01.10.2019 3.40% 3.40% 06.02.2019 3.60% 4.20%
07.08.2018 4.80% 4.85% Source: Public Debt Management Agency
23.06.2016NBS key rate +
0.25%
NBS key rate +
0.25%
Source: Public Debt Management Agency
Source: Public Debt Management Agency Source: Public debt Management Agency
Sources: Ministry of finance, Banca Intesa Sources: Ministry of finance, Banca Intesa
Vrednost Prethodna UST spred
Serbia 7y 2020 2.320% 2.372% 0.671%
Serbia 10y 2021 2.289% 2.295% 2.289%
Srbija 10g 2029 1.087% 1.063%Source: Bloomberg
Izvor: Bloomberg
Source: Bloomberg
7 years
10 years
24 month amortizing
Serbian Eurobonds yields (USD)
15 years
2 years 5 years
3 years 7 years
5 years 10 years
Maturity
3 months 53 weeks
6 months 2 years
53 weeks 3 years
Maturity
RSD Government securities EUR Government securities
Instrument Value
No scheduled auctions for today
Serbia Credit rating
Fixed income
Scheduled auctions
40
60
80
100
120
140
160
180bps JP Morgan EMBI Srbija
0.9
1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
1.9
99
100
101
102
103
104
105
Serbian 10y Eurobond 2029
Price Yield (right axis)
1.52.53.54.55.56.57.58.59.5
10.511.512.513.514.5
Yields on RSD government securities primary auctions
3m 6m 53w 2y 3y NBS key rate 5y 7y 10y
0.00.51.01.52.02.53.03.54.04.55.05.56.06.57.0
Yields on EUR government securities primary auctions
53w 2y 3y 5y 7y 10y 15y
2
Source: Belgrade Stock Exchange
Source: Belgrade Stock Exchange Source: Belgrade Stock Exchange
Sourc: Bloomberg
TGAS 12,519 4,006,080 0.55% 0.96% #N/A N/A #N/A N/A #N/A N/A
GMON 2,001 3,565,782 0.00% -10.43% 0.44 7.25 5.97
NIIS 679 1,628,242 -0.59% 0.00% #N/A N/A #N/A N/A #N/A N/A
AERO 819 411,957 1.11% -0.12% 1.13 8.22 14.52
IMPL 3,301 353,207 0.00% 0.89% #N/A N/A #N/A N/A #N/A N/A
STUP 7,001 287,041 6.08% 18.08% 1.50 73.79 2.02
HMBG 686 114,562 0.15% 0.15% 0.34 28.46 1.19
GSFD 676 101,400 19.43% 19.43% 0.37 5.05 9.36
KOPB 6,300 56,700 -3.08% -3.08% #N/A N/A #N/A N/A #N/A N/A
OMOL 850 55,250 0.00% 0.00% 0.18 66.73 0.43
UNPR 500 35,500 0.00% 0.00% 0.50 #N/A N/A -4.67
VINZ 408 29,784 -32.00% -32.00% 0.04 0.81 4.44
Sources: Belgrade Stock Exchange; Bloombeg
-0.24%
-0.15%
0.06%
0.43%
-0.65%
Source: Bloomberg
crobex sbi20
Source: Bloomberg Source: Bloomberg
sofix bet-c
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
dj balkan
Source: Bloomberg
DJ Stoxx Balkan 50 Balkan 473.87 476.98 0.64%
SOFIX Bugarska 565.19 564.83 -16.57%
BET Rumunija 9,580.63 9,539.91 23.56%
Crobex Hrvatska 2,008.19 2,013.05 8.97%
SBITOP Slovenija 873.85 875.13 8.35%
Regional stock exchanges
Index Country/Region ValueValue from the previous
dayChange YTD
OMOLJICA AD OMOLJICA 277,843,750 Din.
UNIPROM A.D. NOVI PAZAR 100,945,000 Din.
VINO ZUPA AD ALEKSANDROVAC 80,934,960 Din.
HEMPRO AD BEOGRAD 199,606,792 Din.
GEOSONDA - FUNDIRANJE AD BEO 51,603,136 Din.
KOPAONIK AD BEOGRAD 875,107,800 Din.
AERODROM NIKOLA TESLA AD BEO 28,686,399,651 Din.
IMPOL SEVAL AD SEVOJNO 3,110,489,387 Din.
STUP VRSAC AD VRSAC 207,754,675 Din.
MESSER TEHNOGAS AD 12,977,921,502 Din.
GOSA MONTAZA AD VELIKA PLANA 491,661,708 Din.
NIS AD NOVI SAD 110,718,011,600 Din.
P/BV P/E ROE Market capitalization
The most traded stocks on Belgrade Stock Exchange from the previous day
Company Ticker Price RSDTurnovor
RSD
Daily
change
Weekly
change
Ratios P / B P / EBelex15 0,61 2,44
Turnover 10,748,861 RSD 33,979,772 RSD -68.37%Source: Belgrade Stock Exchange
91,379 € 288,915 € -68.37%
Belex 15 749.27 748.57 0.09% -1.72%
Belex line 1,609.04 1,607.21 0.11% 1.12%
Belgrade Stock Exchange
Value Previous value Change YTD
1,650
1,700
1,750
1,800
1,850
1,900
1,950
2,000
2,050
CROBEX
500
550
600
650
700
750
SOFIX
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
BET
300
400
500
600DJ Stoxx Balkan 50
650
670
690
710
730
750
770
790 Belex 15
-0.59%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.55%
1.11%
NIIS MTLC KMBN JESV FITO ENHL ALFA TGAS AERO
Daily change of Belex 15 members
1,400
1,600
1,800Belex line
700
750
800
850
900
950
SBITOP
3
Source: Bloomberg
dow jones s&p
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
nasdaq dax
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
nikkei dj stoxx
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
Izvor: Bloomberg Izvor: Bloomberg
Source: Bloomberg Source: Bloomberg
Source: Bloomberg
Snežana Topalović 201-1400 Snežana Spasojević 201-3621Vladimir Gavović 201-1263 Dragomir Milin 201-3622Nikolina Guteša 201-1400 Biljana Radosavljević [email protected] [email protected]
Darko Karanović 201-3624
Boban Todorović 201-3627Dragan Ignja 201-3626
ContactFinancial Market analysis Customer execution office (fixed income)
Dealing
Disclaimer
This overview is written to inform and does not represent a call for making business decisions and buying or selling mentioned financial instruments. Banca Intesa ad Beograd does not guarantee exactness of summoned data.
Information, opinions and commentaries in this overview are given with the best intention according to available data provided from relevant sources and as a result of professional attitudes and orientations of analytical team working in
Banca Intesa ad Beograd. Banca Intesa ad Beograd does not assume responsibility for possible loss and damage caused by business activities according to any element and contents of the overview. This document may only be
reproduced in whole or in part together with the name of Banca Intesa Beograd.
Nikkei 225 Japan 22,548.90 22,492.68 0.25% -0.95%
Dow Jones Stoxx 600 EU 394.22 391.84 0.61% 1.30%
FTSE UK 7,163.64 7,150.57 0.18% -6.82%
DAX Germany 12,747.96 12,633.60 0.91% -1.31%
NASDAQ US 8,162.99 8,089.54 0.91% 18.25%
S&P 500 US 3,006.72 2,986.20 0.69% 12.46%
Dow Jones Industrial US 26,827.64 26,770.20 0.21% 8.53%
Index Country/Region Value Previous value Change YTD
World stock exchanges
20,000
21,000
22,000
23,000
24,000
25,000
26,000
27,000
28,000Dow Jones Industrial
2,200
2,300
2,400
2,500
2,600
2,700
2,800
2,900
3,000
3,100
S&P 500
5,8006,0006,2006,4006,6006,8007,0007,2007,4007,6007,8008,0008,2008,4008,600
NASDAQ Composite
320
330
340
350
360
370
380
390
400
410DJ Stoxx 600
17,000
18,000
19,000
20,000
21,000
22,000
23,000
24,000
25,000
Nikkei 225
\
10,000
11,000
12,000
13,000
14,000DAX
35
40
45
50
55
60
65
70
75
80
85Oil Brent (USD/bbl)
1,100
1,150
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600Gold
\
5
10
15
20
25
30
35
40 Vix Index
4