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 % -5.80% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % -5.31% 11.81% BLC Listed % 0.00% BOB Listed % 0.00% #VALUE! Byblos Listed % -1.46% 10.39% BEMO Listed % 0.00% #VALUE! BLOM Listed % -0.54% 12.21% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE In its World Economic Outlook update for January, the International Monetary Fund lowered its projection for Saudi Arabia s gross domestic product growth this year to 1.8 percent, down from 2.4 percent in its October report. The International Monetary Fund cited low oil prices and crude output along with rising geopolitical tensions as factors. The Crown Prince of Dubai has signed an agreement to establish the Emirates Centre for the Fourth Industrial Revolution the UAE. The agreement focuses on the opportunities and challenges that advanced technology such as artificial intelligence and robotics bring to society. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 1.14% Kuwait % 3.37% Oman % -3.28% Qatar % 3.77% KSA % 7.32% Dubai % -1.69% Abu Dhabi % 0.83% 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 % 4.62% 3.59% S&P % 5.03% 4.18% Nasdaq % 5.80% 5.10% Sectors Indices Discretionary % 6.46% 4.08% Staples % 2.12% 0.93% Energy % 8.74% 6.39% Financials % 7.84% 3.25% Healthcare % 3.41% 1.05% Industrials % 6.60% 6.00% IT % 3.49% 4.90% Materials % 4.36% 2.29% Telecom % 5.80% 2.77% Utilities % 0.57% -1.20% Real Estate % 5.15% -1.86% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks ended lower as gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. The Financial Times reported the Trump administration rejected a Chinese offer for preparatory talks ahead of next week s high level negotiations. Additionally, the IMF lowered trimmed its 2019 global economic estimates. European shares fell, pressured by the negative news. Uncertainty related to Brexit also weighed on sentiment after the E.U. Commission warned the U.K. that the withdrawal accord isn t open for renegotiation. Japanese equities similarly fell. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 4.99% 2.42% Developed % 5.04% 2.64% Emerging % 4.66% -2.21% Frontier % 5.18% -1.85% Europe % 4.90% 0.86% Latin America % 9.90% -1.33% Asia Pacific % 4.12% -2.19% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 3.71% 0.65% FTSE % 2.58% 0.67% CAC % 2.47% -0.92% DAX % 5.03% 1.29% Swiss SMI % 6.37% 1.44% Nikkei % 2.89% -3.32% CSI % 4.26% 1.91% 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 % -0.04% - EUR/USD % 0.07% USD/JPY % 0.01% GBP/USD % -0.42% USD/CAD % 0.41% AUD/USD % 0.00% NZD/USD % 0.71% USD/CHF % -1.92% USD/NOK % 0.41% USD/SEK % 0.30% USD/CNY % -0.28% Major EUR Cross Rate EUR/GBP % 0.31% EUR/CHF % -1.32% EUR/JPY % 0.61% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell against the Japanese yen as worries about global growth surfaced with the IMF trimming its global growth forecasts, in addition to concerns about continuing U.S.-Chinese trade tensions pushing investors to seek out safe-haven assets. The euro remained steady near a three-week low as morale among German investors improved slightly in January. The British pound rose versus the dollar after strong employment data suggested the U.K. s labor market remained robust despite an economic slowdown ahead of Brexit. 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 investors shifted some cash back into the bond market, prompted by worries over slowing global growth and trade tensions between China and the U.S. A recordlong U.S. government shutdown also fed safe-haven demand for Treasuries, with benchmark 10- year yields retreating from three-week peaks set last week. Eurozone bond yields similarly fell despite news that German investor morale unexpectedly rose in January as worries over world economic growth, trade tensions and a Brexit impasse continued. Focus remains on tomorrow s ECB monetary policy meeting. 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 by the most in almost a month as economic warning signs flashed from Chinese trade talks to the U.S. housing market. Focus remains on the release of crude oil inventories by the U.S. Department of Energy later today. Gold prices rose modestly, supported by demand for safe-havens. 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 EBAY INC EBAY CBOE GLOBAL MARK CBOE FIFTH THIRD BANC FITB CME GROUP INC CME PUB SERV ENTERP PEG CROWN CASTLE INT CCI CHIPOTLE MEXICAN CMG DOLLAR TREE INC DLTR VENTAS INC VTR MCDONALDS CORP MCD S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % ARCONIC INC ARNC STANLEY BLACK & SWK ALTRIA GROUP INC MO TRIPADVISOR INC TRIP MICRON TECH MU CONCHO RESOURCES CXO CF INDUSTRIES HO CF NVIDIA CORP NVDA LAM RESEARCH LRCX NIELSEN HOLDINGS NLSN S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Hedge funds Elliott Management and Starboard Value have taken stakes in ebay and are pushing for changes including the sale of some of the e-commerce company s businesses. IBM beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that CEO Ginni Rometty s efforts to turn around the technology services company were gaining traction. Alphabet s Google disclosed in a quarterly filing that it spent a company-record $21.2 million on lobbying the U.S. government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices. BlackRock is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for socially responsible investments, a filing with U.S. market regulators revealed. Lockheed Martin Corp has been awarded a $542 million contract for equipment and spares for F-35 aircraft, the Pentagon said in a statement. The Pentagon also revealed that BAE Systems has been awarded a $474 million U.S. defense contract for technical and maintenance support for the M109 family of vehicles. Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts estimates and said it expected further pressure on U.S. prescription drug prices. Saudi Aramco, is looking to acquire natural gas assets in the United States and is willing to spend billions of dollars there as it aims to become a global gas player, the company s CEO Amin Nasser told Reuters. 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 Retail Sales MoM -0.60% % 15:30 Canada Retail Sales Ex Auto MoM -0.40% % 15:30 Eurozone Consumer Confidence :00 France Manufacturing Confidence :45 France Production Outlook Indicator :45 France Own-Company Production Outlook :45 France Business Survey Overall Demand :45 Japan All Industry Activity Index MoM -0.40% -0.30% 1.90% 6:30 Japan BOJ Policy Balance Rate -0.10% -0.10% -0.10% 4:59 Japan Trade Balance -Â 42.3b -Â 55.3b -Â 737.3b 01:50 Japan Machine Tool Orders YoY % % 8:00 Japan Crude Steel Production :00 Japan Trade Balance Adjusted -Â 290.7b -Â 183.6b -Â 492.2b 01:50 Japan Nationwide Dept Sales YoY % -0.60% 7:30 Japan Exports YoY -1.80% -3.80% 0.10% 1:50 Japan Tokyo Dept Store Sales YoY % 0.20% 7:30 Japan Imports YoY 4.00% 1.90% 12.50% 1:50 Japan Pig Iron Production :00 Russia Industrial Production YoY 2.50% % United States MBA Mortgage Applications % 14:00 United Source: States Bloomberg Richmond Fed Manufact. Index :00 United States FHFA House Price Index MoM 0.30% % 16:00 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.