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 % -5.07% Development and Reconstruction Solidere A % -7.86% Solidere B % % Banking Audi Listed % -5.10% 11.78% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -1.46% 10.39% BEMO Listed % -1.27% BLOM Listed % -2.59% 12.48% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Saudi Arabia s annual consumer price index fell 1.9 percent in January from a year earlier. Housing, water, electricity and gas prices fell 7.7 percent in January from a year earlier, the data showed according to the Saudi Arabian General Authority for Statistics. Abu Dhabi s consumer price index also fell, dropping 0.9 per cent from a year earlier, but rose 1 per cent month on month in January, according to government data released yesterday. Source: Daily Star, Gulf Business GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 4.14% Kuwait % 2.80% Oman % -6.17% Qatar % -3.08% KSA % 8.81% Dubai % 1.95% Abu Dhabi % 2.43% 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 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 % 10.99% -0.17% S&P % 10.89% -0.11% Nasdaq % 12.83% -0.47% Sectors Indices Discretionary % 11.22% -0.68% Staples % 7.56% 0.05% Energy % 14.91% 0.02% Financials % 10.78% -0.06% Healthcare % 6.97% 0.19% Industrials % 17.19% -0.11% IT % 12.11% -0.48% Materials % 8.45% -0.19% Com. Services % 10.79% -0.95% Utilities % 5.43% 0.23% Real Estate % 12.82% -0.33% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities ended modestly higher with all three major indices rising. Stocks were supported by upbeat results from Walmart which boosted investor sentiment. Consumer discretionary shares fared well, supported by gains in Amazon. European shares fell, with investors fretting about transatlantic trade after the E.U. repeated vows to retaliate against U.S. tariffs on cars. Sentiment was also weighed by concerns about the euro area economy. Japanese equities closed moderately higher amid a lack of major trading incentives. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 9.85% -0.55% Developed % 10.19% -0.57% Emerging % 7.37% 0.58% Frontier % 7.66% -0.57% Europe % 9.18% -1.58% Latin America % 12.91% -4.12% Asia Pacific % 7.33% 1.38% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 7.93% -1.65% FTSE % 6.70% -3.71% CAC % 9.09% -1.74% DAX % 7.11% -2.06% Swiss SMI % 9.81% -2.29% Nikkei % 7.08% 1.82% CSI % 14.26% 3.18% 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 % -0.06% - EUR/USD % -0.09% USD/JPY % -0.12% GBP/USD % 0.05% USD/CAD % -1.79% AUD/USD % 0.03% NZD/USD % -0.29% USD/CHF % 0.02% USD/NOK % -0.69% USD/SEK % -0.78% USD/CNY % -0.41% Major EUR Cross Rate EUR/GBP % -0.07% EUR/CHF % -0.15% EUR/JPY % -0.57% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell against a basket of peer as traders scaled back their safe-haven dollar holdings on optimism that a fresh round of talks between China and the U.S. would help resolve their trade conflict. The euro and British pound subsequently rose, with the latter also supported by hopes that Prime Minister May will make progress in seeking changes to her Brexit deal. The Swedish krona fell to a two-year low against the dollar as Swedish inflation data came in decidedly weak two months after its milestone rate hike. The Chinese yuan hit a two-week high against the dollar following a Bloomberg report that the U.S. is pressing against its devaluation. 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 were lower ahead of the release of minutes from the Federal Reserve s January policy-setting meeting scheduled later today and as trade talks between the U.S. and China neared their March 1 deadline. New York Fed President Williams said yesterday he was comfortable with the current level of U.S. interest rates and sees no need to raise them again unless growth or inflation unexpectedly rise. Eurozone bond yields, notably those of German bunds, fell amid the cloudy European economic outlook with the ECB possibly maintaining its easy monetary policy amid slowing growth. 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, Economic 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 continued to rise, reaching their highest levels in 3 months. The rise in oil prices stemmed from the reported progress in U.S. China trade talks and the decline in the Saudi supplies. Gold prices rose to a 10-month high as the U.S. dollar weakened. Worries over a possible economic slowdown provided support. 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 FREEPORT-MCMORAN FCX NOBLE ENERGY INC NBL NEWMONT MINING NEM JACOBS ENGIN GRP JEC FORD MOTOR CO F WYNN RESORTS LTD WYNN ARCONIC INC ARNC NEKTAR THERAPEUT NKTR CENTURYLINK INC CTL E*TRADE FINANCIA ETFC S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % ALLEGION PLC ALLE ELECTRONIC ARTS EA INTL FLVR & FRAG IFF ALASKA AIR GROUP ALK CONAGRA BRANDS I CAG NATL OILWELL VAR NOV ADVANCE AUTO PAR AAP FORTIVE CORP FTV CONCHO RESOURCES CXO HUMANA INC HUM S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Qualcomm is urging U.S. trade regulators to reverse a judge s ruling and ban the import of some Apple iphones in a long-running patent fight between the two companies. Qualcomm is seeking the ban in hopes of dealing Apple a blow before the two begin a major trial in mid- April in San Diego over Qualcomm s patent licensing practices. Ford Motor said it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Microsoft will offer its cyber security service AccountGuard to 12 new markets in Europe including Germany, France and Spain, to close security gaps and protect customers in political space from hacking. Walmart posted its strongest holiday quarter in at least a decade yesterday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending. Online sales jumped 43 percent in the quarter helped in particular by the expansion of Walmart s online grocery pickup program. South Korean prosecutors this morning raided the office of Hyundai Motors quality division in southern Seoul as part of a probe into how the automaker and affiliate Kia Motors handled vehicle recalls over engine defects. Alphabet s Google said it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com and Microsoft. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Argentina Budget Balance m Argentina LELIQ 7-Day Notes Rate % Australia Westpac Leading Index MoM % -0.21% 1:30 Australia Wage Price Index QoQ 0.60% 0.50% 0.60% 2:30 Australia Wage Price Index YoY 2.30% 2.30% 2.30% 2:30 Brazil Formal Job Creation Total Eurozone Consumer Confidence :00 Germany PPI YoY 2.20% % 9:00 Germany PPI MoM -0.10% % 9:00 Japan Trade Balance - b - b - 55.3b 01:50 Japan Trade Balance Adjusted  150.7b - 370.0b - 183.6b 01:50 Japan Exports YoY -5.70% -8.40% -3.80% 1:50 Japan Convenience Store Sales YoY % 9:00 Japan Imports YoY -3.50% -0.60% 1.90% 1:50 Russia CPI WoW % 15:00 Russia CPI Weekly YTD % 15:00 South Africa CPI YoY 4.30% % 10:00 South Africa CPI MoM 0.10% % 10:00 South Africa CPI Core YoY 4.50% % 10:00 South Africa CPI Core MoM 0.30% % 10:00 United Kingdom CBI Trends Total Orders :00 United States MBA Mortgage Applications % 14:00 United Source: States Bloomberg FOMC Meeting Minutes :00 Banque BEMO sal 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.