Romania - Factors to watch on Feb. 10

BRD Groupe Societe Generale SA

10/02/2020 05:56

BUCHAREST, Feb 10 (Reuters) - Here are news stories, press
reports and events to watch which may affect Romanian financial
markets on Monday.
    
    TRADE DATA
    Romania's National Statistics Board to release foreign trade
data for December at 0700 GMT.
    
    DEBT TENDER
    Romanian debt managers tender 700 million lei ($161.13
million) worth of June 2024 treasury bonds.
    
    INTEREST RATES
    Romania's central bank kept its benchmark interest rate
unchanged at 2.50% as expected on Friday, staying cautious at a
time of political upheaval, but cut minimum reserve requirements
for banks' hard currency liabilities.  urn:newsml:reuters.com:*:nL8N2A73L4
    
    GOVERNMENT
    Designated Liberal PM Ludovic Orban  will likely unveil his
cabinet and ask parliament for a vote of confidence on Monday,
days after his previous cabinet toppled in parliament. The
Liberals are aiming to trigger an early parliamentary election.
The Social Democrats, the largest party in parliament, could
challenge Orban's appointment at the Constitutional Court, which
would delay the process.
    
    FITCH
    Fitch Ratings said on Friday the fall of Romania's
government underscores how political volatility complicated
policymaking, when fiscal and external metrics have worsened.
     urn:newsml:reuters.com:*:nFWN2A713D
    
    CEE MARKETS
    Central European currencies weakened on Friday, with the
Czech crown and Romanian leu giving up some of the previous
day's gains and the Hungarian forint setting a fresh record low
after an unexpected Czech rate hike shook up the region's
markets.  urn:newsml:reuters.com:*:nL8N2A72OU
            
    For other related news, double click on:
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 Romanian equities     RO-E     E.Europe equities    .CEE
 Romanian money        RO-M     Romanian debt         RO-D
 Eastern Europe        EEU      All emerging markets  EMRG
 Hot stocks            HOT      Stock markets         STX
 Market debt news      DBT      Forex news            FRX
 For real-time index quotes, double click on:
 Bucharest BETI  .BETI  Warsaw WIG20  .WIG20  Budapest BUX
 .BUX  Prague PX  .PX 
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($1 = 4.3443 lei)

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