DAILY MARKET UPDATEGeneva, August 19th, 2011                                                                              ...
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Financial Pacific - Daily Market Update (third party)


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Financial Pacific - Daily Market Update (third party)

  1. 1. DAILY MARKET UPDATEGeneva, August 19th, 2011 Value Daily % chg YTDEQUITY AMERICASMounting fears heavily weighed down on all global indices: The S&P fell by DOW INDU 10990.58 -3.68% -5.07%4.46% and the EuroStoxx50 by -5.34%. Morgan Stanley cut its global SP500 1140.65 -4.46% -9.30%growth forecast for 2011 and 2012. And according to a Wall Street Journal NASDAQ 2380.43 -5.22% -10.27%article, New York Fed officials have been having “extensive meetings” with BOVESPA 53134.10 -3.52% -23.33%European banks operating in the U.S. to “gauge their vulnerability to EUROPEescalating financial pressures”. This put tremendous pressure on banking EUROSTOXX 50 2206.61 -5.34% -20.99%stocks in both Europe and the U.S. Finally, a plunge in the Philadelphia Fed FTSE 100 5092.23 -4.49% -13.69%manufacturing survey and higher-than-expected jobless claims added up CAC 40 3076.04 -5.48% -19.15%to market alarm. DAX 5602.80 -5.82% -18.97% ISE NATIONAL 100 51310.82 -5.36% -22.26%FIXED INCOME SMI 5196.00 -4.15% -19.27%Treasuries rose yesterday, putting U.S governments debt on pace for the ASIAbest monthly returns since December 2008. The 10-year yield briefly went NIKKEI 225 8943.76 -1.25% -12.56%below the psychological level of 2%. Ten-year bund yields dropped, thus HANG SENG 20016.27 -1.34% -13.11%they were within four bp of a record low even after a German report CSI 300 2834.25 -1.79% -9.40%showed producer prices accelerated in July. Swiss two-year note yields ASX 200 4251.20 -1.22% -10.41%stayed negative for a second day after central banks announced more INDIA 16469.79 -2.20% -19.70%measures to weaken the franc, showing investors may sacrifice capital for MIDDLE- EASTthe perceived safety of investment in the currency. LEBANON 1296.24 -0.03% -12.15% JORDAN 2023.87 0.41% -14.73%FOREX/COMMODITIES TADAWUL 6088.25 -0.78% -8.04%Oil fell in New York, heading for a fourth weekly drop, as investors bet fuel DSM 8190.74 0.66% -5.65%demand will falter amid signs of weaker growth in the world’s biggest ADX 2583.55 -0.09% -5.01% KUWAIT 5826.80 -0.34% -16.23%crude consumer. As for the dollar, it gained against a basket of six major EGYPT 481.30 0.36% -27.47%currencies on speculation European banks lack sufficient capital. The yen FXrose toward a post-World War II high. Finally, gold rallied to an all-time EUR-USD 1.4333 -0.64% 7.09%high on escalating concern about the slowing global economy. USD-JPY 76.580 -0.03% -5.60%Source: Bloomberg, Brokers research GBP-USD 1.6516 -0.16% 5.79% USD-CHF 0.7941 0.51% -15.09% Weekly economic data Survey Actual EUR-CHF 1.1380 -0.16% -9.01% 08/15 JN Gross Domestic Product (QoQ) -0.6% -0.3% COMMODITY 08/16 EC Euro-Zone GDP (QoQ) 0.3% 0.2% GOLD SPOT 1823.8 1.82% 28.37% 08/16 US Industrial Production 0.5% 0.9% 08/16 US Capacity Utilization 77% 77.5% WTI FEB 2010 82.38 -5.94% -12.68% 08/17 EC Euro-Zone CPI – Core YoY 1.6% 1.2% INTEREST RATE T-5 days 31.12.2010 08/17 US Producer Price Index YoY 7.0% 7.2% US GOVT 2 Yr YIELD 0.1901 0.1872 0.5934 08/18 US Consumer Price Index MoM 0.2% 0.5% US GOVT 5 Yr YIELD 0.8791 0.9583 2.0060 08/18 US Initial Jobless Claims 400K 408K US GOVT 10 Yr YIELD 2.0624 2.2548 3.2935 08/18 US Leading Indicators July 0.2% 0.5% GERMAN GOVT 5 YR YIELD 1.1720 1.4070 1.8380 08/18 US Philadelphia Fed. 2.0 -30.07 GERMAN GOVT 10 YR YIELD 2.0870 2.3330 2.9630 EUR/USD GOLD 1st resistance 1.4547 1st support 1.4119 1st resistance $1925 1st support $1721 2nd resistance 1.4679 2nd support 1.3987 2nd resistance $1988 2nd support $1658This document has been prepared by Banque Audi (Suisse) S.A. The opinion expressed in this document is not the result of financial analysis provided by Banque Audi (Suisse) S.A. Therefore the regulation of the Swiss Bankers Association regarding theindependence of financial analysis does not apply to this document. Accordingly, the views expressed in this publication are not official recommendations of Banque Audi (Suisse) S.A. and should be considered as market comments for informationpurposes only. As such, the views herein may be subject to changes and are indicative only. This document should not be considered as an offer or recommendation to buy or sell any financial instrument or banking services. The document has beenprepared without regard to the individual financial circumstances and objectives of persons who receive it. The securities mentioned in this document may not be suitable for all investors. The appropriateness of a particular investment or strategy willdepend on an investor’s individual circumstances and objectives. Many factors may affect the value of a financial instrument. Investors shall therefore conduct their own analysis of the risks (including any legal, regulatory, tax or other consequence)and benefits associated with a transaction in a given financial instrument and should seek independent professional advice. Although this document has been produced with all reasonable care, based on sources believed to be reliable, Banque Audi(Suisse) S.A. makes no representation or warranty as to the accuracy or completeness of this document and accept no liability for any loss or damage which may arise from the use of this document.Banque Audi (Suisse) S.A., 18, Cours des Bastions P.O. Box 384, 1211 Geneva 12