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 % -4.88% Development and Reconstruction Solidere A % -8.29% Solidere B % % Banking Audi Listed % -5.31% 11.81% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -1.46% 10.39% BEMO Listed % 0.00% BLOM Listed % -1.62% 12.34% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Caretaker Energy Minister Cesar Abi Khalil has signed a contract with Russian oil giant Rosneft which allows it to take over operations at a specially built storage facility in the northern port of Tripoli. The takeover will include a rehabilitation project, which will create 450,000 metric tons of storage facilities in its first phase. The Federation of Global Lebanese Investors has launched a $100 million investment fund to support infrastructure projects in the country. The fund aims to invest in Public-Private Partnerships that were included in the government s CEDRE plan. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 4.01% Kuwait % 2.17% Oman % -3.74% Qatar % 3.58% KSA % 8.72% Dubai % 0.69% Abu Dhabi % 2.35% 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 Business 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 % 6.04% 0.14% S&P % 6.30% 0.35% Nasdaq % 7.98% 0.86% Sectors Indices Discretionary % 8.39% 0.70% Staples % 1.72% 0.01% Energy % 9.58% 0.65% Financials % 9.02% -0.16% Healthcare % 2.79% -0.03% Industrials % 8.77% 0.73% IT % 6.41% 0.92% Materials % 5.08% 2.78% Com. Services % 7.16% 0.86% Utilities % 0.80% 1.61% Real Estate % 6.90% 1.50% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities rose as investors welcomed news that Washington would move to temporarily end the longest government shutdown in history. Stocks were also supported by upbeat earnings reports with the technology and consumer discretionary sectors leading the rise. European markets rose, with the exception of Britain, supported by automaker and technology shares. The gains came as stocks rose overnight in Asia and the U.S. on the back of strong earnings American technology firms. A sharp rebound ensued for Japanese equities, with technology shares similarly performing well. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 6.33% -0.01% Developed % 6.26% 0.05% Emerging % 6.89% -0.68% Frontier % 6.30% 0.32% Europe % 5.71% -0.59% Latin America % 12.18% -0.15% Asia Pacific % 5.56% 0.79% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 5.39% 0.21% FTSE % 1.21% -0.71% CAC % 4.12% 0.27% DAX % 6.85% 0.66% Swiss SMI % 5.85% -1.30% Nikkei % 3.17% -0.01% CSI % 5.51% -1.11% 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 % -0.20% - EUR/USD % -0.48% USD/JPY % -0.16% GBP/USD % -0.01% USD/CAD % -0.02% AUD/USD % 0.05% NZD/USD % 0.11% USD/CHF % -1.00% USD/NOK % 0.00% USD/SEK % 0.09% USD/CNY % 0.03% Major EUR Cross Rate EUR/GBP % 0.28% EUR/CHF % 0.03% EUR/JPY % 0.10% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell from its three-week highs in the previous session, as traders' focus shifted to the Federal Reserve's policy meeting this week when the U.S. central bank is expected to leave interest rates unchanged. The euro rebounded, steadying after a dovish European Central Bank President Mario Draghi failed to alter an already downbeat assessment on the Eurozone's economy. The British pound reached an 11-week high after the Sun reported that the Northern Irish DUP would offer conditional support for Prime Minister s May s Brexit deal. 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 as U.S. stocks climbed on upbeat company results, offsetting worries about slowing economic growth and the U.S.-China trade conflict. Focus remains on the Federal Reserve s meeting scheduled for Tuesday and Wednesday despite expectations that rates will remain unchanged. Eurozone government bond yields rose tracking U.S. Treasury yields higher on improved risk sentiment despite a fall in the country s business sentiment index which showed a decline during the month of January. 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 closed higher for the third day in a row as a deal to reopen the U.S. government eased investor fears while political turmoil in Venezuela roiled one of the world s biggest suppliers of heavy crude. Gold pushed above the $1,300 level hitting a 7-month high in the wake of a weakened U.S. dollar. 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 WESTERN DIGITAL WDC SEAGATE TECHNOLO STX MICRON TECH MU SVB FINANCIAL GR SIVB ADV MICRO DEVICE AMD FREEPORT-MCMORAN FCX AUTODESK INC ADSK COTY INC-CL A COTY GENERAL ELECTRIC GE HESS CORP HES S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % RESMED INC RMD ABBVIE INC ABBV INTEL CORP INTC INTUITIVE SURGIC ISRG ALASKA AIR GROUP ALK E*TRADE FINANCIA ETFC NEXTERA ENERGY NEE KIMBERLY-CLARK KMB DR HORTON INC DHI MCCORMICK-N/V MKC S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Nissan has said that it was co-operating with an inquiry by the U.S. Securities and Exchange Commission after a report said the regulator was investigating the Japanese automaker s disclosures on executive pay. Tesco, Britain s biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported. Facebook Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-toend encryption into these apps, the New York Times reported. U.S. payments card company Mastercard said it still plans to apply for a bankcard clearing license in China and was in active discussions to explore solutions. Twitter s lead regulator in the European Union, the Irish Data Protection Commissioner, it was investigating the company for a breach notification received from the social networking site. The European arm of U.S. credit card group VISA has paid 13.2 million euros ($15 million) to settle a dispute in Italy over alleged tax evasion, a judicial document filed by Milan prosecutors revealed. France s L Oreal is stocking up cosmetics in Britain as part its preparations for Britain leaving the European Union, its chief executive said. There is no desire among Deutsche Bank s supervisory board members for a merger with rival Commerzbank in the near-term, Deutsche board member Frank Bsirske said. 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 United States Durable Goods Orders 0.80% % United States Retail Sales Advance MoM 0.10% % United States New Home Sales 567k k United States Housing Starts 1253k k Eurozone M3 Money Supply YoY 3.80% % 11:00 United States Factory Orders 0.30% % United States Trade Balance -$54.0b -- -$55.5b United States Wholesale Inventories MoM 0.50% % United States Construction Spending MoM 0.20% % United States Monthly Budget Statement -$10.0b -- -$204.9b United States Durables Ex Transportation % United States Net Long-term TIC Flows $31.3b United States Total Net TIC Flows $42.0b United States Dallas Fed Manf. Activity :30 United States Retail Sales Ex Auto MoM 0.00% % United States Chicago Fed Nat Activity Index :30 United States Building Permits 1290k k United States Retail Sales Ex Auto and Gas 0.40% % United States Cap Goods Orders Nondef Ex Air % United States Cap Goods Ship Nondef Ex Air % United States New Home Sales MoM 4.20% % Japan Source: Bloomberg PPI Services YoY 1.20% 1.10% 1.20% 1:50 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.