09/05/2016. Weekly Global Stock Market Review

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1 09/05/2016 Weekly Global Stock Market Review

2 European shares were negative during previous trading week Monday, May 09, :30 GMT European shares experienced a broad plunge in terms of indices and sectors due to the drop in oil prices as well as since US data made investors cautious. Meanwhile, the EC cut its 2016 GDP forecast to 1.6% from 1.7% and reduced its inflation outlook to just 0.2%, well below the 0.5% February forecast. The major Eurostoxx 600 Index of the region decrease 2.8% to close at points on Friday s evening. The industries posted looses and were led by basic materials and banking sectors, which soared 9.34% and 6.86%, respectively. All the major sectors, which make up the index, registered a loss, with basic materials and banking industries losing as much as 10.4% and 5.6%, respectively. Among the biggest losers, Cobham Plc, a leading global technology and services innovator plunged more than 27% to 154 pence per share, after the company released a profit warning announcement. Restaurant Group Plc, a United Kingdom-based company, followed with a 25.1% decrease to pence, respectively. On the other hand, Tullow Oil Plc, managed to be among the gainers, despite mixed release for the first quarter of the year. Company shares advanced 15.4% to trade at pence. Among other market indicators, German DAX lost 2.5% to 9, points, while the British FTSE 100 index, in turn, lost 0.75% to close at 6, mark back on Friday.

3 US stock indices close mostly lower compared to the previous week Monday, May 09, :30 GMT The US stock indices finished modestly down during a volatile session, as traders digested the nonfarm payrolls miss and decade-low unemployment. Nonfarm payrolls rose 160,000, falling short of the 200,000 consensus. Downward revisions to the prior two months' data trimmed a further 19,000 jobs. The unemployment rate held steady at 5.0% while the participation rate dipped to 62.8% from 63.0%. For the week ended May 2 the main S&P 500 Index went down slightly 1.17% to 2, points. The gains were led by consumer staples, which rose 0.7%. Energy, in turn, was the week s worst performers, as it dropped 2.98%, respectively. Among the best performing companies, Stericycle Inc., a global business-to-business services company, dropped 22.9% from Monday to Friday to $95.56 per share, as the company reported lackluster first-quarter earnings. On the other hand, ST Jude Medical Inc, a global medical device company, surged as much as 25.6% to close the last week at $76.20 per share, since American pharmaceutical company Abbott Laboratories has agreed to acquire St. Jude Medical Inc for $25 billion. Among other market indicators, the Dow Jones Industrial Average did not show any big changes, while NASDAQ lost 1.69% to close at the 4, mark.

4 Japanese shares closed purely green Monday, May 09, :30 GMT The Japanese equities traded in a purely negative environment during the May 2-6 week, mostly due to the strong yen. The Nikkei 225 benchmark index dropped 7.6% to reach around 16, points at the end of the trading week ended on May 6. Moreover, all sectors of the gauge posted a sharp decrease, with maritime transport and iron & steel industries leading the decline by 16.5% and 14.7%, respectively. Nihon Trim Co Ltd., a Japan-based company primarily engaged in the manufacture and sale of electrolyzed reduction water equipment, advanced 25.5% to trade at 7,460 yen on Friday s evening. On the other hand, Yokogawa Bridge Holdings Corporation., climbed 25.5% to 993 yen, prolonging the upward trend started on August 1. The second-largest Japanese benchmark, Nikkei 225, finished the week 7.6% lower and traded at 16, at the end of the trading session back on Friday.

5 Asia Pacific Shares experienced increase in value Monday, May 09, :30 GMT Asian equity markets traded broadly higher on Friday due to the RBA decision as well as with overnight declines in oil futures dampening investor sentiment. Meanwhile, the Australian central bank unexpectedly cut policy rates this week to 1.75% from 2.0%. The policy rate now stands at the lowest on record. Later in the week, the RBA announced that it stands ready to cut rates further, citing broad-based weakness in domestic cost pressures. Australia s S&P/ASX 200 Index managed to reach 5,292 on Friday, marking a weekly gain of 1.9%. Eight out of ten industry groups included in the indexes surged on week, with utilities rising 3.9% and financials adding 3.6%. Pacific Brands Ltd, an Australian consumer products company, was the last week s best performer on the S&P/ASX 200, as company added 30.8% to trade at $ The major surge in stock price occurred after HanesBrands, a leading worldwide marketer of underwear, intimate apparel and active wear, announced that it has entered into a definitive agreement to acquire Pacific Brands Limited. Meanwhile, the Chinese shares in Hong Kong surged 1.44 % to 20, last week for the biggest weekly gain since February. Also, on Friday, the NZX 50 Index hit 6, gaining additional 0.2%.

6 Correlation Matrix

7 Confidence Intervals

8 EXPLANATIONS Indexes Standard & Poor's 500 Index (S&P 500) or (SPX) - U.S. stock market index consisting of the 500 large-cap shares widely traded on the New York Stock Exchange and the NASDAQ. Dow Jones Industrial Average Index (INDU) - U.S. stock market index consisting of the 30 large publicly owned U.S. companies, primarily industrials NASDAQ Composite Index - U.S. stock market index representing all the stocks that are traded on the Nasdaq stock market, mostly technology and Internet-related New Zealand Exchange 50 Gross Index (NZX 50) - stock market index consisting of the top 50 companies listed on the New Zealand Stock exchange S&P/ASX 200 -a market-capitalization weighted stock market index of stocks listed on the Australian Securities Exchange from Standard and Poor s Hang Seng Index (HI) - Hong Kong s stock market index consisting of 48 largest companies listed on the Hong Kong Exchange Japan s Nikkei Stock Average (Nikkei 225 Index) or (NKY) - Japanese stock market index consisting of the 225 largest companies listed on Tokyo Stock Exchange FTSE 100 Index (UKX) - U.K. stock market index consisting of the 100 most capitalized U.K. companies trading on the London Stock Exchange DAX Index (DAX) - German stock market index consisting of the 30 largest and most liquid German companies trading on the Frankfurt Stock Exchange Eurostoxx stock market index, derived from the Stoxx Europe Total Market Index, consisting of 600 large, mid and small-sized companies from 18 European countries Chart Correlation - statistical measure of the linear relationship between two random variables. It is defined as the covariance divided by the standard deviation of two variables. Historical price changes - chart reflecting the historical price changes of particular region s stock indices Indicators Industry performance - weekly performance of industries within the particular stock market index Top performers - companies within a particular stock market index showing the best or worst weekly performance Performance - relative historical change of stock market index value

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10 The FTSEurofirst 300 had fallen 1.4 percent on Thursday after the European Central Bank stuck to its line that any decision on further stimulus would be made next year, sparking a bout of profit taking. This year's sharp drop in crude prices has forced a number of oil services firms, including Seadrill, to scrap their dividends as oil majors accelerate cost-cutting efforts.

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