DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS BEIRUT STOCK EXCHANGE Last Daily % YTD % Dividend % MSCI Lebanon % -3.97% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % 0.00% 11.18% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -1.46% 10.39% BEMO Listed % 0.00% BLOM Listed % 0.00% 12.14% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The Saudi ambassador to Arab League said Thursday that the Arab economic summit to be held over the weekend in Beirut would mainly focus on the welfare and economic needs of the Arab people. The world s first commercial Hyperloop system is set to open in Abu Dhabi in 2020, according to the chairman of Hyperloop Transportation Technologies Bibop Gresta. In an exclusive interview with the Emirates News Agency, Gresta revealed that the system will cost between $20m and $40m per kilometer. He added that the project can recoup the investment in 8 to 15 years. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 0.30% Kuwait % 3.11% Oman % -2.01% Qatar % 4.75% KSA % 7.94% Dubai % -0.51% Abu Dhabi % 1.43% LOCAL/GCC FOREIGN EXCHANGE Cross Last Price Lebanese Pound Spot USD/LBP Bahraini Dinar Spot USD/BHD Kuwaiti Dinar Spot USD/KWD Omani Rial Spot USD/OMR Qatari Riyal Spot USD/QAR Saudi Riyal Spot USD/SAR UAE Dirham Spot USD/AED Source: Daily Star, Gulf Base MSCI GCC INDEX - 30 DAYS CHART GCC INDICES DAILY PERFORMANCE

2 DAILY MARKETS BRIEF I EQUITY MARKETS UNITED STATES EQUITY MARKET INDICES Last Price Daily % YTD % 10D Vol Major Indices DowJones % 4.47% -9.86% S&P % 5.15% -9.69% Nasdaq % 6.77% % Sectors Indices Discretionary % 7.02% -6.81% Staples % 1.93% -4.42% Energy % 9.08% -8.52% Financials % 7.19% -7.09% Healthcare % 2.94% -6.00% Industrials % 6.87% -8.52% IT % 3.80% % Materials % 4.10% -9.29% Telecom % 7.35% % Utilities % 0.31% -1.40% Real Estate % 4.99% -0.13% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks were modestly higher, consolidating near their one-month high, helped by advances in the healthcare and industrial sectors with the latter notably supported by U.S. President Trump unveiling a revamped U.S. missile defense strategy. Financials shrugged off Morgan Stanley s disappointing earnings. European equities retreated, led by banks and trade-sensitive sectors, as investors watched the latest developments in the trade war. Japanese equities closed moderately lower, struggling for direction amid few trading indicators. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 4.82% -6.25% Developed % 4.87% -7.10% Emerging % 4.49% -0.73% Frontier % 4.95% -1.55% Europe % 3.67% -8.67% Latin America % 10.49% -1.50% Asia Pacific % 3.85% 0.10% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 2.26% -9.49% FTSE % 1.59% -4.85% CAC % 1.35% -6.50% DAX % 3.41% % Swiss SMI % 5.75% -1.85% Nikkei % 3.25% -0.08% CSI % 5.20% -2.88% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225 Source: Bloomberg, Financial Times, Reuters

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % -0.41% - EUR/USD % -1.21% USD/JPY % -0.05% GBP/USD % 0.02% USD/CAD % -0.99% AUD/USD % -0.44% NZD/USD % -0.18% USD/CHF % -1.50% USD/NOK % -1.69% USD/SEK % -2.12% USD/CNY % 0.00% Major EUR Cross Rate EUR/GBP % -0.38% EUR/CHF % -0.02% EUR/JPY % -2.40% DISTANCE FROM 52 WEEKS LOW/HIGH The British pound firmed toward a two-month high against the U.S. dollar as British Prime Minister May narrowly won a confidence vote late on Wednesday and invited other party leaders for talks to break the impasse on a Brexit agreement. The U.S. dollar rose against the euro with the latter being weakened by disappointing Eurozone inflation data, which revealed price pressures receding further from the central bank s target. The dollar was also supported by the Philadelphia Federal Reserve revealing its barometer on U.S. Mid-Atlantic business activity increased more than forecast in January. EUR/USD 30 DAYS SUPPORT & RESISTANCE Source: Bloomberg, Financial Times, Reuters GBP/USD 30 DAYS SUPPORT & RESISTANCE USD/JPY 30 DAYS SUPPORT & RESISTANCE USD/CAD 30 DAYS SUPPORT & RESISTANCE

4 DAILY MARKETS BRIEF I FIXED INCOME GLOBAL BOND INDICES Yield Yield (in Bps) Benchmark Indices US 10 Years Benchmark EU 10 Years Benchmark UK 10 Years Benchmark Sovereign Bonds US Treasury Bond Eurozone Sovereign Bond Japan Sovereign Bond US TREASURIES YIELD CURVE EUR GENERIC YIELD CURVE Corporate Bonds US Corporate TR US High Yield Bond TR EUR Aggregate Corporate TR EUR High Yield TR USD Emerging Market IG & HY U.S. Treasury yields rose, with the benchmark 10-year yield reaching near three-week highs as better-than-expected economic data and hopes for progress in U.S.-China trade talks diminished safe-haven demand for government debt. However, the extended government shutdown has kept Treasury yields trading in a tight range. Yields on the United Kingdom s gilts rose yesterday as Prime Minister May survived the vote of no-confidence triggered by the opposition. Yields across the German sovereign curve rose in tandem with their counterparts. OVERNIGHT RATES - SWAPS Yield Yield (in Bps) 3M USD LIBOR M EUR EURIBOR M GBP LIBOR Y USD SWAP Y USD SWAP Y USD SWAP Y USD SWAP Spread (in FIXED INCOME SPREADS r Spread Bps) USD 3M vs 10Y Spread Spread Spread (in Bps) USD 2Y 3M vs vs 10Y 10Y Spread USD USD IG 2Y Spread vs 10Y Spread (0.0100) USD IG Spread USD HY Spread 4.3 (0.0800) USD HY Spread EU vs US 10Y Spread (0.0391) EU vs US 10Y Spread EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread EM vs Benchmark Spread (0.0140) EM vs Benchmark Spread Source: Bloomberg, Financial Times USD CORPORATES - 30 DAYS SPREAD EU VS US - 30 DAYS SPREAD

5 DAILY MARKETS BRIEF I COMMODITIES GLOBAL COMMODITIES MARKET Last Price Daily % Commodity Index % Energy WTI Crude Future % Brent Crude Future % NYMEX Gasoline % NYMEX Heat Oil % ICE Gasoil % NYMEX Natural Gas % COMMODITY INDEX SUPPORT & RESISTANCE WTI OIL 30 DAYS SUPPORT & RESISTANCE Precious Metals Gold Spot $/Oz % Silver Spot $/Oz % Platinum Spot $/Oz % Palladium Spot $/Oz % Gold Future % Silver Future % Platinum Future % Palladium Future % Base Metals LME Aluminum % LME Copper % LME Zinc % LME Nickel % LME Lead % LME Tin % Agricultural Corn CBT % Wheat CBT % Soybeans CBT % Bean Meal CBT % Rough Rice CBT % MDE Palm Oil % Soybean CBT % Coffee ICE % Sugar #11 ICE % Cotton #2 ICE % Cocoa ICE % Ethanol CME % Lumber CME % Orange Juice ICE % Live Cattle CME % Feeder Cattle CME % Lean Hogs CME % Oil prices fell before recovering, pressured by concerns over surging U.S. crude production. The OPEC s in its monthly market report cut its forecast for the average demand for its crude in 2019 provided support for crude. Gold was slightly lower as the U.S. dollar rose. Source: Bloomberg GOLD 30 DAYS SUPPORT & RESISTANCE SILVER 30 DAYS SUPPORT & RESISTANCE

6 DAILY MARKETS BRIEF I COMPANY NEWS TOP 10 WINNERS Ticker Last Price Daily % S&P 500 Stocks FASTENAL CO FAST M&T BANK CORP MTB PPG INDS INC PPG GOODYEAR TIRE GT HANESBRANDS INC HBI WW GRAINGER INC GWW INTUITIVE SURGIC ISRG HOLLYFRONTIER CO HFC NORTHROP GRUMMAN NOC REGENERON PHARM REGN S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % MORGAN STANLEY MS CENTURYLINK INC CTL WESTERN DIGITAL WDC F5 NETWORKS FFIV KEYCORP KEY SEAGATE TECHNOLO STX HENRY SCHEIN INC HSIC LOWE'S COS INC LOW PULTEGROUP INC PHM COOPER COS INC COO S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Netflix forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world s largest streaming service down around 4 percent in after-hours trading. American Express missed Wall Street s fourth-quarter profit estimates, as the rate of customer spending slowed despite a strong U.S. holiday sales season. JPMorgan Chase Chief Executive Jamie Dimon is receiving a 5 percent raise, bringing his total 2018 compensation to $31 million, the company said in a filing. Slack Technologies Inc s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year. Nissan s U.S. arm revealed it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks. Fitch Ratings said yesterday that power company PG&E planned bankruptcy will not at this point hurt the credit quality of California. Walmart announced it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 U.S. cities. Renault confirmed that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession. Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a return to private ownership. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal

7 DAILY MARKETS BRIEF I ECONOMIC DATA Banque BEMO sal KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada CPI YoY 1.70% % 15:30 Canada CPI NSA MoM -0.40% % 15:30 Canada Int'l Securities Transactions b 15:30 Canada Consumer Price Index :30 Eurozone ECB Current Account SA b 11:00 Italy Current Account Balance m 11:00 Japan Industrial Production MoM % -1.10% 6:30 Japan Natl CPI YoY 0.30% 0.30% 0.80% 1:30 Japan Industrial Production YoY % 1.40% 6:30 Japan Natl CPI Ex Fresh Food YoY 0.80% 0.70% 0.90% 1:30 Japan Capacity Utilization MoM % 4.00% 6:30 Russia Trade Balance 18.2b b 15:00 Russia Exports 38.4b b 15:00 Russia Budget Balance YTD b b United Kingdom Retail Sales Inc Auto Fuel MoM -0.80% % 11:30 United Kingdom Retail Sales Ex Auto Fuel MoM -0.80% % 11:30 United Kingdom Retail Sales Inc Auto Fuel YoY 3.60% % 11:30 United Kingdom Retail Sales Ex Auto Fuel YoY 3.80% % 11:30 United States U. of Mich. Sentiment :00 United States Industrial Production MoM 0.20% % 16:15 United Source: States Bloomberg Baker Hughes U.S. Rig Count :00 United States Capacity Utilization 78.50% % 16:15 Head Office - Private and Corporate Banking 96 Pasteur Building, Pasteur Street, Medawar Area, P.O. Box: , Beirut - Lebanon Tel: Fax: Wealth & Investment Management research@bemobank.com Beirut Central District Riad El Solh Square, Esseily Building Bloc A, 7th Floor Beirut - Lebanon Tel: Fax: Disclaimer: This report is published for information purposes only. The information herein has been compiled from, or based upon sources considered to be reliable (Bloomberg, SeekingAlpha, DailyStar ), but we do not guarantee or assume responsibility for its completeness and accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. This report is not to be relied upon in substitution for the exercise of specialists. We may not have taken any steps to ensure that the securities referred to in this report are suitable for any particular investor. The investments and services contained or referred to herein are not purported to be exhaustive, any person considering an investment should seek specialist advice on the suitability of an investment. Nothing in this report constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation. Clients understand that it is their responsibility to seek legal and/or tax advice regarding the legal and tax consequences of their investment transactions. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient. Investment instruments are subject to risk, including possible loss of principal amount invested. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The value of securities and financial instruments is subject to exchange rate fluctuation that may have a positive or adverse effect on the price or income of such securities or financial instruments. Some investments mentioned in this report may have a high level of volatility. High volatility investments may experience sudden and large falls in their value causing losses when that investment is realized. Some investments may not be readily realizable and it may be difficult to sell or realize those investments, similarly it may prove difficult to obtain reliable information about the value, or risks, to which such an investment is exposed. This report may provide the addresses of websites or references. We have not reviewed any such site and takes no responsibility for the content contained therein. Such address or reference is provided solely for convenience and information. Accessing such website through this report shall be at the recipients own risk.