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| 1 | USD INDEXED BOND
MATURITY 2019 - 2023
COSTS 1,50%
| 2 | BNI TERM DEPOSITS
6M 12M
100K - 5M
>5M - 50M
>50M - 100M
100M+
AMOUNT 1M 2M 3M
10,90%
11,40%
11,90%
12,40%
11,05%
11,55%
12,05%
12,55%
11,20%
11,70%
12,20%
12,70%
11,35%
11,85%
12,35%
12,85%
11,50%
12,00%
12,50%
13,00%
01 02 CROSS CURRENCY MATRIX
BNI: INVESTMENT OPPORTUNITIES
OIL DEMAND (FUTURES)
07th October 2019
Source: XECurrency
0403
Graphic 2 | Source: NASDAQ Source: XECurrency
MARKET ANALYSIS0605
MARKET BULLETIN
BOND MARKET07BT - Treasury Bills
BT - Treasury Bills
BT - Treasury Bills
OTX - Bonds Indexed to USD
OTX - Bonds Indexed to USD
OTX - Bonds Indexed to USD
91 DAYS
182 DAYS
364 DAYS
3 YEARS
4 YEARS
5 YEARS
16,15%
20,25%
23,90%
7,00%
7,50%
7,75%
With the end of the summer-driving period taking away a key factor supporting demand, hedge fund bets on a crude price rally in New York and London have plunged to the lowest in eight months, data released Friday show (Graphic nº 1). Meanwhile, U.S. gasoline consumption is at its lowest since March. “We are heading into a seasonally weak demand period,” said Rob Haworth, who helps oversee $151 billion at U.S. Bank Wealth Management in Seattle. “The biggest driver is gasoline consumption.”
West Texas Intermediate futures in New York and Brent crude in London have slumped more than 15% since an attack on Saudi premises sent prices surging in mid-September. The prospect of less crude being processed into fuel in the coming months comes amid mounting concern that global growth is slowing down, with the U.S. and China locked in a tit-for-tat trade war which is driving oil prices lower (Graphic nº 2).Further price declines may put Saudi Arabia and Russia in the tough position of weighing further production cuts that would compromise their market share.
In August, the balance of payments goods account recorded a surplus of USD 1.48 billion, with total exports of USD 2.55 billion and imports of USD 1.07 billion (Graphic nº 3). This has been the pattern of recent months in line with the state objective of lowering the level of imports and increasing “production of commodities such as rice, sugar and beans”.
BNI - Direcção Financeira Internacional
CERTIFICAÇÃO INTERNACIONAL DE QUALIDADE
BNI - Banco de Negócios InternacionalAvenida Che-Guevara nº 42 - A, Bairro Maculusso, Distrito da Ingombota. Caixa Postal 578. Luanda - AngolaTel: (+244) 222 632 900 / (+244) 222 632 901 / Fax: (+244) 222 371 887
www.bni.ao
PASSION FOR ANGOLA.To realise, develop and participate in Angola’s growth.This is where we apply our passion. To always do better.
Graphic 1 | Source: CFTC, ICE
Graphic 3 | Source: BNA
BRENT OIL PRICES
APP BNI NETNew features.Use APP BNI and have your bank a click away.Quickly and easily.
AOA
USD
GBP
EUR
ZAR
1 00000,
0,00262
0,00213
0,00239
0,03980
381,023
1,00000
0,81315
0,91195
15,1629
468,573
1,22978
1 00000,
1,12150
18,6470
417,811
1,09655
0,89167
1,00000
16,6269
25,1287
0,06595
0,05363
0,06014
1,00000
1 AOA 1 USD 1 GBP 1 EUR 1 ZAR0.7M
0.6M
0.5M
0.4M
0.3M
0.2
Jan Fab Mar Apr May Jun Jul Aug Sep 2019
Sep 10 Sep 12 Sep 16 Sep 18 Sep 18 Sep 24 Sep 26 Sep 30 Oct 02 Oct 04
PreviousClose$58.37
67.5
65
62.5
60
57.5
55
BALANCE OF PAYMENTS (JUL)
-2 000 000 000,00 -1 000 000 000,00 - 1 000 000 000,00 2 000 000 000,00 3 000 000 000,00
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