DAILY MARKETS BRIEF I LOCAL MARKETS

Transcription

1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % -4.28% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % 2.04% 11.00% BLC Listed % 0.00% BOB Listed % 0.00% 4.04% Byblos Listed % -2.92% 10.31% BEMO Listed % -1.27% BLOM Listed % -0.54% 12.14% Trading RYMCO % 0.00% Industrial BEIRUT STOCK EXCHANGE Holcim % 0.00% 16.53% Ciments Blancs % 2.35% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Total exports of Abu Dhabi increased by 36.6 percent to AED 17.2 billion ($4.68 billion) during the fourth quarter of 2018 compared to AED 12.6 billion ($3.43 billion) in the corresponding period of 2017, according to figures released by Abu Dhabi s Statistics Centre. Total imports fell to AED 27.4 billion ($7.46 billion) in the fourth quarter of 2018 from AED 27.5 billion ($7.49 billion) in the prior-year period. Source: Daily Star, Gulf Business, Mubasher GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 5.71% Kuwait % 9.93% Oman % -7.36% Qatar % -1.49% KSA % 12.29% Dubai % 4.01% Abu Dhabi % 3.78% 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 % 10.25% -0.23% S&P % 12.31% -0.14% Nasdaq % 15.58% -0.41% Sectors Indices Discretionary % 14.73% -0.10% Staples % 10.40% -0.08% Energy % 15.60% 0.04% Financials % 7.56% 0.34% Healthcare % 4.88% -0.28% Industrials % 15.47% 0.57% IT % 18.22% -0.92% Materials % 8.86% 0.90% Com. Services % 13.29% 0.24% Utilities % 9.22% 1.81% Real Estate % 16.76% 0.02% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks rose, helped by optimism over progress in U.S.-China trade talks, but concerns about an economic slowdown after a cut in fourth-quarter GDP growth limited the advance. The domestic economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the 3 percent annual target, and corporate profits failed to rise for the first time in more than two years, data showed. European shares ended slightly lower as optimism around some progress in U.S.-China trade talks were outweighed by losses in banks and uncertainties around Brexit. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 10.85% -0.61% Developed % 11.21% -0.53% Emerging % 8.22% -1.19% Frontier % 8.26% -0.33% Europe % 11.36% -0.83% Latin America % 4.70% 0.60% Asia Pacific % 8.07% -0.21% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 10.62% -2.45% FTSE % 7.52% -0.05% CAC % 11.96% -1.67% DAX % 8.23% -1.09% Swiss SMI % 11.59% 0.08% Nikkei % 5.95% 1.78% CSI % 28.04% -0.86% 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 % -0.19% - EUR/USD % -0.02% USD/JPY % 0.05% GBP/USD % 0.29% USD/CAD % 0.03% AUD/USD % 0.09% NZD/USD % 0.23% USD/CHF % 0.04% USD/NOK % 0.07% USD/SEK % 0.05% USD/CNY % 0.33% Major EUR Cross Rate EUR/GBP % -0.07% EUR/CHF % 0.15% EUR/JPY % 0.08% DISTANCE FROM 52 WEEKS LOW/HIGH The U.S. dollar rose as rival currencies struggled following more dovish soundings from central banks. The U.S. dollar was markedly higher against the Turkish lira, with the latter dropping more than 5 percent after data released from the central bank showed that foreign reserves fell roughly $10 billion in 3 weeks. The euro fell against as speculation grew that the ECB will introduce a tiered deposit rate, alluding to a longer period of low interest rates. The British pound fell after a government source said that no vote would take place today contrary to the latest developments as of this morning. 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 Benchmark 10-year Treasury yields rose off 15-month lows as U.S. stocks rose and investors continued to adjust to a dovish pivot from global central banks. U.S. unemployment claims declined 5,000 week-on-week to 211,000 claims in the week ended 23 March, the lowest level so far this year. Core Eurozone government bond yields held near multi-year lows following speculation that the ECB would introduce a tiered deposit rate to ease strains on banks amid low economic growth. German consumer prices rose by 1.5 percent YoY after an increase of 1.7 percent last month. 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, Reuters 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 as President Trump called on OPEC to lift output, tweeting that the price of oil was getting too high. Oil prices were also pressured by data revealing the U.S. economy grew a slower 2.2 percent in the fourth quarter. Gold prices fell, failing to benefit from safehaven demand as the U.S. dollar rose. Source: Bloomberg, Reuters 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 PVH CORP PVH ACCENTURE PLC-A ACN WEYERHAEUSER CO WY PIONEER NATURAL PXD CHURCH & DWIGHT CHD RALPH LAUREN COR RL WELLCARE HEALTH WCG HANESBRANDS INC HBI HELMERICH & PAYN HP NEKTAR THERAPEUT NKTR S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % NIELSEN HOLDINGS NLSN LENNAR CORP-A LEN VERIZON COMMUNIC VZ EDISON INTL EIX DISCOVERY INC - DISCA PPL CORP PPL DISCOVERY INC-C DISCK DR HORTON INC DHI MARATHON PETROLE MPC VERTEX PHARM VRTX S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Lyft was valued at $24.3 billion in the first initial public offering of a ride-hailing startup, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company. Facebook is toughening its rules on political advertising in Europe, under pressure from E.U. regulators to do more to guard against foreign meddling in the bloc s upcoming legislative election in May. Wells Fargo said Tim Sloan will resign immediately as chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. Bayer shares sank to their lowest in almost seven years after a U.S. jury in a San Francisco federal court awarded $80 million to a man who claimed use of the group s weed killer Roundup caused his cancer. A lawsuit against Boeing was filed in U.S. federal court on Thursday in what appeared to be the first suit over the March 10 Ethiopian Airlines 737 MAX crash that killed 157 people. Amazon Web Services said it will open a Latin America infrastructure location in Colombia and help train 2,000 students in cloud technology. China s Huawei, the world s third-largest smartphone maker, reported a 25 percent jump in 2018 net profit, buoyed by a solid performance in its home market and a booming smartphone business. Morgan Stanley President Colm Kelleher, who has worked for the firm for roughly 30 years, will retire at the end of June, the bank said. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada GDP MoM 0.10% % 15:30 France CPI YoY 1.20% % 10:45 Germany Unemployment Change (000's) -10k k 11:55 Italy CPI EU Harmonized YoY 1.00% % 13:00 Italy CPI EU Harmonized MoM 2.10% % 13:00 Japan Industrial Production MoM 1.40% 1.40% -3.40% 1:50 Japan Jobless Rate 2.50% 2.30% 2.50% 1:30 Japan Tokyo CPI Ex-Fresh Food YoY 1.10% 1.10% 1.10% 1:30 Japan Job-To-Applicant Ratio :30 Japan Retail Trade YoY 1.00% 0.40% 0.60% 1:50 Japan Tokyo CPI YoY 0.90% 0.90% 0.60% 1:30 Russia Current Account Balance m 16:00 United Kingdom GDP QoQ 0.20% % 12:30 United Kingdom GDP YoY 1.30% % 12:30 United Kingdom Nationwide House PX MoM 0.00% % 10:00 United Kingdom Nationwide House Px NSA YoY 0.60% % 10:00 United Kingdom Mortgage Approvals 65.0k k 12:30 United States U. of Mich. Sentiment :00 United States New Home Sales 620k k 17:00 United States Personal Income 0.30% % 15:30 United States Personal Spending 0.30% % 15:30 United States MNI Chicago PMI :45 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.