DAILY MARKETS BRIEF I LOCAL MARKETS

Transcription

1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 11.18% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 10.02% BEMO Listed % 20.00% BLOM Listed % % 12.14% Trading RYMCO % 0.92% Industrial BEIRUT STOCK EXCHANGE Holcim % 17.57% Ciments Blancs % 26.22% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Central Bank Gov. Riad Salameh said Thursday that BDL will soon launch an electronic platform to enhance shares trading and international connections. He added that the CMA, in its approach to World Investor Week, had confirmed its full readiness to help set the framework for better regulation of capital protection. U.S. Treasury Secretary Steven Mnuchin Thursday said he would no longer attend next week's investment conference in Saudi Arabia, as the Trump administration awaited the outcome of investigations into missing Saudi journalist Jamal Khashoggi. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -0.62% Kuwait (KWSE) % 3.59% Muscat (MSM30 Index) % % Qatar (QE Index) % 19.59% KSA (TADAWUL) % 5.84% Dubai (DFM) % % Abu Dhabi (ADX) % 13.42% 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 3.66 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 % 2.67% 0.42% S&P % 3.56% 0.65% Nasdaq % 8.43% 1.10% Sectors Indices Discretionary % 9.02% 1.45% Staples % -6.44% 0.02% Energy % 0.19% -0.24% Financials % -4.95% 0.66% Healthcare % 11.78% 0.54% Industrials % -3.16% 0.69% IT % 11.06% 0.70% Materials % % 0.07% Telecom % -7.91% 1.04% Utilities % 1.99% -2.19% Real Estate % -4.43% 0.00% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks fell sharply as investors fretted over the U.S.-China trade war s impact on economic growth, the Italian debt crisis and rising interest rates. The Nasdaq was the worst performing of the major indexes. A cautious mood took over European markets, with defensive sectors such as health care leading gains, while cyclical industries like technology were the biggest decliners. Banks also slumped, as Spain s Supreme Court imposed mortgage taxes on its lenders. Asian markets were lower yesterday following cautious sentiment amid rising rates in the U.S. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -3.66% 0.44% Developed % -1.85% 0.43% Emerging % % 0.36% Frontier % % 0.20% Europe % -7.06% -0.15% Latin America % -4.63% 3.79% Asia Pacific % % 0.02% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -8.34% 0.09% FTSE % -8.60% -0.83% CAC % -3.69% -0.16% DAX % % 0.00% Swiss SMI % -6.42% 0.37% Nikkei % -1.42% 0.03% CSI % % -1.50% 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 % 0.01% - EUR/USD % -0.11% USD/JPY % -0.10% GBP/USD % -0.04% USD/CAD % 0.12% AUD/USD % -0.19% NZD/USD % -0.01% USD/CHF % 0.00% USD/NOK % -0.07% USD/SEK % -0.09% USD/CNY % -2.12% Major EUR Cross Rate EUR/GBP % 0.00% EUR/CHF % -0.18% EUR/JPY % -0.31% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar was mixed against its G-10 counterparts as yield curves steepened in Europe and flattened in the U.S. after Wednesday s Fed minutes. Yen recovered from early losses as risk aversion heightened after Asian share prices falter while additional trade and geopolitical tensions weighed in. The British pound was lower as Prime Minister Theresa May floated the idea of a Brextension, a one year extension to the already sought two year transition period. The euro was lower as worries regarding Italian populists budget lingered. EUR/USD 30 DAYS SUPPORT & RESISTANCE Source: Bloomberg, Financial Times 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 edged lower on Thursday as safe-haven demand fueled by more losses on Wall Street mitigated selling tied to worries about further interest rate increases from the Federal Reserve. German bunds outperformed Thursday going into the European close. The EU commission signaled that the Italy s draft budget is in breach of EU rules. Spreads between Italian government bonds and German bunds widened to the highest level since U.K gilt yields fell despite lower than expected September retail sales data. 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 (0.0263) USD USD IG 2Y Spread vs 10Y Spread (0.0100) (0.0162) 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 (0.0668) EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread (0.0522) 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 slipped to the lowest level in nearly a month after expanding American stockpiles overshadowed tensions between the U.S. and Saudi Arabia over the disappearance of Jamal Khashoggi. Gold prices settled higher on Thursday as a decline in U.S equities boosted demand for the metal. Source: Bloomberg GOLD 30 DAYS SUPPORT & RESISTANCE SILVER 30 DAYS SUPPORT & RESISTANCE

6 DAILY MARKETS BRIEF I COMPANY NEWS S&P 500 Stocks TOP 10 WINNERS Ticker Last Price Daily % GENUINE PARTS CO GPC ALLIANCE DATA ADS PHILIP MORRIS IN PM AUTOZONE INC AZO MACY'S INC M HOLLYFRONTIER CO HFC PROGRESSIVE CORP PGR ADVANCE AUTO PAR AAP GENERAL ELECTRIC GE DOVER CORP DOV S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % UNITED RENTALS URI TEXTRON INC TXT SNAP-ON INC SNA SEALED AIR CORP SEE ACTIVISION BLIZZ ATVI NEWELL BRANDS IN NWL GAP INC/THE GPS BRIGHTHOUSE FINA BHF BRISTOL-MYER SQB BMY NETFLIX INC NFLX S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Disney is shoring up its studio teams with more planned leadership changes contingent on its successful closing of its media-asset deal with Fox. Several execs at Twenty-First Century Fox will take roles with Disney Studio Entertainment in the transition. Financial Times reports that Uber is considering testing out a new staffing business called Uber Works. Uber Works could eventually be lined up as a complementary business to ride-hailing and offer drivers different revenue streams. The new business is also seen as potentially making Uber more attractive ahead of its potential IPO. Exxon Mobil is targeting western and southern Africa for the world s next big oil windfall, exploration chief Stephen Greenlee tells Bloomberg, as the company searches the globe to repeat its success in Guyana. Coca-Cola announced Thursday it named company veteran Brian Smith as its next chief operating officer, filling a post that had been vacant since James Quincey became CEO last year. Smith will take on his new role at the start of next year. He currently serves as president of the company's Europe, Middle East and Africa group. DowDuPont shares fell more than 6 percent during after-hours trading Thursday as the company faces a $4.6 billion impairment charge related to goodwill and other assets of its agriculture reporting unit as per their SEC filing. Philip Morris shares jumped as new tobacco products gained momentum overseas. The company has been focusing most of its attention on iqos, a device that heats tobacco instead of burning it with heated-tobacco shipments increasing in every market except Japan. Sources: Seeking Alpha, Financial Times, Reuters

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada CPI YoY 2.70% % 15:30 Canada CPI NSA MoM 0.10% % 15:30 Canada Retail Sales MoM 0.30% % 15:30 Canada Retail Sales Ex Auto MoM 0.10% % 15:30 China GDP YoY 6.60% 6.50% 6.70% 5:00 China Industrial Production YoY 6.00% 5.80% 6.10% 5:00 China Retail Sales YoY 9.00% 9.20% 9.00% 5:00 China Industrial Production YTD YoY 6.40% 6.40% 6.50% 5:00 China GDP YTD YoY 6.70% 6.70% 6.80% 5:00 China Fixed Assets Ex Rural YTD YoY 5.30% 5.40% 5.30% 5:00 China Retail Sales YTD YoY 9.30% 9.30% 9.30% 5:00 China GDP SA QoQ 1.60% 1.60% 1.80% 5:00 Eurozone ECB Current Account SA b 11:00 Japan Natl CPI YoY 1.30% 1.20% 1.30% 2:30 Japan Natl CPI Ex Fresh Food YoY 1.00% 1.00% 0.90% 2:30 United Kingdom PSNB ex Banking Groups 4.5b b 11:30 United Kingdom Public Finances (PSNCR) b 11:30 United Kingdom Public Sector Net Borrowing 4.6b b 11:30 United States Existing Home Sales 5.29m m 17:00 United States Baker Hughes U.S. Rig Count :00 United States Existing Home Sales MoM -0.90% % 17:00 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.