DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 11.46% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 9.88% BEMO Listed % 20.00% BLOM Listed % % 12.12% Trading RYMCO % 0.92% Industrial BEIRUT STOCK EXCHANGE Holcim % 17.50% Ciments Blancs % 13.33% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Lebanon s low GDP growth continued to weigh heavily on the performance of the private sector in October despite a slight improvement compared to September, BLOMINVEST Purchasing Managers Index showed Monday. The PMI figure rose from 45.8 to 46.2 in October. Output growth in the non-oil private sector of the UAE and Saudi Arabia improved during October as employment and new order growth picked up, as per the latest Emirates NBD/HIS Markit Purchasing Managers Index figures. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -1.22% Kuwait (KWSE) % 4.61% Muscat (MSM30 Index) % % Qatar (QE Index) % 22.70% KSA (TADAWUL) % 7.97% Dubai (DFM) % % Abu Dhabi (ADX) % 13.08% 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 Major Indices Last Price Daily % YTD % 10D Vol DowJones % 3.00% 0.13% S&P % 2.42% 0.10% Nasdaq % 6.16% -0.01% Sectors Indices Discretionary % 8.56% 0.00% Staples % -2.16% 0.83% Energy % -4.56% -1.30% Financials % -4.29% 0.13% Healthcare % 8.95% 0.47% Industrials % -6.07% -0.85% IT % 8.92% -0.01% Materials % % -1.21% Com. Services % % -0.19% Utilities % 2.22% 1.56% Real Estate % -1.52% 1.22% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks were mixed ahead of midterm elections tomorrow, with the S&P 500 and the Dow closing in the green. A rise in investor Berkshire Hathaway fueled gains in the S&P. The Nasdaq Composite underperformed on the back of a slump in Apple shares. European shares reversed earlier gains to end a five-day rising streak as a U.S. tech slump spread to Europe and optimism over a U.S.-China trade deal faded. Japanese equities were lower amid a cautious tone ahead of the midterm elections while succumbing to some profit-taking as investors cashed in on last week s rise. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -4.41% -1.06% Developed % -2.98% -0.68% Emerging % % -4.13% Frontier % % -0.61% Europe % -6.47% -3.49% Latin America % -1.85% 0.43% Asia Pacific % % -2.26% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -8.18% -3.45% FTSE % -7.60% -2.51% CAC % -3.97% -3.12% DAX % % -5.12% Swiss SMI % -3.98% -2.02% Nikkei % -2.77% -2.27% CSI % % -3.77% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225 Source: Bloomberg, Financial Times

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % -0.35% - EUR/USD % -1.11% USD/JPY % -0.17% GBP/USD % -0.98% USD/CAD % -0.20% AUD/USD % -0.47% NZD/USD % -0.33% USD/CHF % -0.11% USD/NOK % -0.95% USD/SEK % -2.23% USD/CNY % -0.03% Major EUR Cross Rate EUR/GBP % -0.10% EUR/CHF % -1.35% EUR/JPY % -2.22% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell modestly on Monday after three straight weeks of gains, pushing up the euro, with investors anxious a day before the U.S. midterm congressional elections as they assessed the potential impact on the economy. The pound rallied on Monday after a Sunday Times report said Britain was nearing a deal for leaving the European Union and that an all-uk customs arrangement would be part of it. The Japanese yen was relatively unchanged yesterday, moving in a tight range as investor focus shifted to the midterm elections and the upcoming Federal Reserve meeting. 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 fell as investor braced for $83 billon worth of government debt supply tied to the November refunding scheduled this week and awaited the outcome of the U.S congressional elections scheduled for today. U.K gilt yields rose after investors shrugged-off a lower-than-expected fall in the country s Purchasing Managers Index figures for October, dropping to 52.2 from 53.9 in September. German government bond yields slipped, pulled down by a decline in U.S. Treasury yields before key midterm election. No imminent decision on the Italian budget also weighed in. 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, Reuters, Econotimes 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 dropped to a seven-month low as concern eased that U.S. sanctions on Iran will squeeze worldwide supplies. The Trump administration granted temporary waivers to China, India and six other nations to buy Iranian oil. Gold prices posted a slight decline in anticipation of the midterm election results. 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 EQT CORP EQT CABOT OIL & GAS COG LOEWS CORP L NEWELL BRANDS IN NWL BERKSHIRE HATH-B BRK/B HELMERICH & PAYN HP APACHE CORP APA BRIGHTHOUSE FINA BHF HESS CORP HES EOG RESOURCES EOG TOP 10 LOSERS Ticker Last Price Daily % S&P 500 Stocks SYSCO CORP SYY ACTIVISION BLIZZ ATVI QORVO INC QRVO APTIV PLC APTV AKAMAI TECHNOLOG AKAM MOTOROLA SOLUTIO MSI ARISTA NETWORKS ANET IPG PHOTONICS IPGP MOHAWK INDS MHK APPLE INC AAPL S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY General Electric on Monday downplayed concerns that its U.S. tax liabilities could increase by billions of dollars and that a decision by British tax authorities could saddle the company with an additional $1 billion tax bill. Amazon.com Inc wants to hire thousands of seasonal delivery drivers to supplement services provided by the U.S. Post Office, United Parcel Service Inc, FedEx Corp, and its own delivery partners, the company said on Monday. U.S. hotel chain Marriott International Inc on Monday cut its fourth-quarter forecast for a key measure of hotel health, blaming uncertainty related to weak demand in North America, its biggest market. Goldman Sachs Group Inc is tracking ahead of its goal to generate $5 billion in additional annual revenue by 2020 as growth initiatives bear fruit, its new finance chief said on Monday. The revenue-boosting plan that management laid out last year has produced $2.5 billion so far in Apple Inc. has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iphone XR, the Nikkei financial daily reported. Apple shares fell. SoftBank Group Corp CEO Masayoshi Son on Monday condemned the killing of Jamal Khashoggi by Saudi security personnel, and said his firm must carry out its responsibility to the Kingdom s citizens whose money is invested in its Vision Fund. Home improvement chain Lowe s Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada. Sources: Seeking Alpha, Financial Times, Reuters, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada Building Permits MoM 0.30% % 15:30 Eurozone Markit Eurozone Composite PMI :00 Eurozone Markit Eurozone Services PMI :00 Eurozone PPI YoY 4.30% % 12:00 Eurozone PPI MoM 0.40% % 12:00 France Markit France Services PMI :50 France Markit France Composite PMI :50 Germany Factory Orders MoM -0.50% % 9:00 Germany Markit Germany Services PMI :55 Germany Markit/BME Germany Composite PMI :55 Germany Factory Orders WDA YoY -2.80% % 9:00 Italy Markit/ADACI Italy Services PMI :45 Italy Markit/ADACI Italy Composite PMI :45 Japan Household Spending YoY 1.50% -1.60% 2.80% 1:30 Russia CPI YoY 3.60% % Russia CPI Core MoM 0.40% % Russia Markit Russia PMI Services :00 Russia Markit Russia PMI Composite :00 Russia CPI MoM 0.40% % Russia CPI YTD 3.00% % United States DOE Short-Term Crude Outlook :00 Source: Bloomberg 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.