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20 August Daily market report

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20 August Daily market report

  1. 1. Page 1 of 5 QSE Intra-Day Movement Qatar Commentary The QSE Index declined 0.3% to close at 11,635.0. Losses were led by the Insurance and Telecoms indices, falling 1.6% and 1.1%, respectively. Top losers were Qatar General Insurance & Reinsurance Co. and Dlala Brokerage and Investment Holding Co., falling 4.3% and 2.7%, respectively. Among the top gainers Ezdan Holding Group and Doha Insurance Co. were up 0.8% each. GCC Commentary Saudi Arabia: The TASI Index fell 2.5% to close at 7,991.3. Losses were led by the Real Estate Development and Transport indices, falling 6.6% and 6.3%, respectively. Anaam Holding and Takween Advanced Ind. were down 10.0% each. Dubai: The DFM Index gained 0.1% to close at 3833.3. The Consumer Staples and Telecommunication indices rose 0.8% each. Ekttitab Holding gained 4.0%, while Shuaa Capital was up 2.4%. Abu Dhabi: The ADX benchmark index rose 0.8% to close at 4,575.0. The Investment & Financial Services index gained 1.7%, while the Banks index was up 1.4%. Invest Bank surged 15.0%, while Union National Bank was up 5.5%. Kuwait: The KSE Index declined 0.4% to close at 6,167.9. The Technology index fell fell 2.9%, while the Telecommunication index declined 1.4%. National Industries Co. fell 7.8%, while Kuwait Building Materials Manufacturing Co. was down 6.9%. Oman: The MSM Index fell 0.6% to close at 6,152.3. Losses were led by the Financial and Services indices, falling 1.1% and 0.4%, respectively. HSBC Bank Oman fell 3.1%, while Al Batinah Dev. Inv. Holding was down 2.8%. Bahrain: The BHB Index declined 0.2% to close at 1,325.6. The Hotel & Tourism index fell 1.7%, while the Industrial index declined 0.4%. Ithmaar Bank fell 3.6%, while Gulf Hotel Group was down 2.4%. QSE Top Gainers Close* 1D% Vol. ‘000 YTD% Ezdan Holding Group 18.35 0.8 782.1 23.0 Doha Insurance Co. 25.30 0.8 2.1 (12.8) Doha Bank 52.60 0.6 66.7 (7.7) Al Khaleej Takaful Group 38.20 0.5 1.0 (13.5) Industries Qatar 133.00 0.3 156.0 (20.8) QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD% Ezdan Holding Group 18.35 0.8 782.1 23.0 Vodafone Qatar 14.65 (1.1) 747.6 (10.9) Commercial Bank of Qatar 58.40 (0.2) 652.5 (6.2) Masraf Al Rayan 43.50 (0.7) 515.2 (1.6) United Development Co. 24.92 (1.3) 350.7 5.6 Market Indicators 19 Aug 15 18 Aug 15 %Chg. Value Traded (QR mn) 238.8 190.3 25.5 Exch. Market Cap. (QR mn) 613,748.2 616,038.3 (0.4) Volume (mn) 5.2 4.2 25.4 Number of Transactions 3,577 3,321 7.7 Companies Traded 38 41 (7.3) Market Breadth 9:27 9:25 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 18,085.00 (0.3) (1.9) (1.3) N/A All Share Index 3,104.94 (0.4) (1.8) (1.5) 12.8 Banks 3,080.33 (0.4) (1.9) (3.9) 13.6 Industrials 3,655.10 (0.2) (2.2) (9.5) 12.8 Transportation 2,427.16 (0.2) (0.9) 4.7 12.5 Real Estate 2,734.97 0.0 0.7 21.9 9.1 Insurance 4,697.78 (1.6) (4.6) 18.7 22.1 Telecoms 1,019.61 (1.1) (6.2) (31.4) 26.9 Consumer 6,928.88 (1.0) (2.7) 0.3 26.7 Al Rayan Islamic Index 4,529.85 (0.3) (1.6) 10.4 13.2 GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Invest Bank Abu Dhabi 2.99 15.0 0.4 16.2 Union National Bank Abu Dhabi 6.55 5.5 75.1 12.9 Sharjah Islamic Bank Abu Dhabi 1.68 3.1 10.1 (4.5) Deyaar Development Dubai 0.75 2.2 15,577.9 (12.1) Dubai Financial Market Dubai 1.72 1.8 2,926.0 (14.4) GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD% Saudi Enaya Coop. Ins. Saudi Arabia 18.86 (9.4) 623.5 (27.3) Nat. Marine Dredging Abu Dhabi 5.25 (8.7) 0.6 (23.9) Knowledge Eco. City Saudi Arabia 20.17 (8.5) 1,928.3 19.1 National Shipping Co. Saudi Arabia 35.05 (8.0) 3,076.8 3.1 Med. & Gulf Ins. Saudi Arabia 25.45 (7.9) 2,854.4 (49.2) Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC 200 Index comprising of the top 200 regional equities based on market capitalization and liquidity) QSE Top Losers Close* 1D% Vol. ‘000 YTD% Qatar General Ins. and Reins. 53.60 (4.3) 0.2 4.5 Dlala' Brokerage & Inv. Hold. Co. 21.60 (2.7) 18.4 (35.4) Islamic Holding Group 121.10 (2.0) 9.5 (2.7) Qatar German Co for Medical Dev. 14.85 (2.0) 7.0 46.3 Qatar Fuel Co. 156.00 (1.9) 42.8 (23.6) QSE Top Value Trades Close* 1D% Val. ‘000 YTD% Commercial Bank of Qatar 58.40 (0.2) 37,872.6 (6.2) QNB Group 176.00 (0.6) 29,700.8 (17.3) Masraf Al Rayan 43.50 (0.7) 22,357.0 (1.6) Industries Qatar 133.00 0.3 20,721.7 (20.8) Ezdan Holding Group 18.35 0.8 14,245.6 23.0 Source: Bloomberg (* in QR) Regional Indices Close 1D% WTD% MTD% YTD% Exch. Val. Traded ($ mn) Exchange Mkt. Cap. ($ mn) P/E** P/B** Dividend Yield Qatar* 11,635.04 (0.3) (1.9) (1.3) (5.3) 65.57 168,473.9 11.9 1.8 4.4 Dubai 3,833.30 0.1 (3.8) (7.5) 1.6 89.42 99,095.5 12.3 1.2 6.8 Abu Dhabi 4,574.98 0.8 (3.3) (5.4) 1.0 42.74 125,303.1 12.2 1.4 4.9 Saudi Arabia 7,991.28 (2.5) (8.0) (12.2) (4.1) 1,434.47 478,885.1 16.8 1.9 3.4 Kuwait 6,167.91 (0.4) (2.1) (1.4) (5.6) 37.41 94,374.2 14.5 1.0 4.3 Oman 6,152.30 (0.6) (2.6) (6.2) (3.0) 6.15 24,486.3 9.6 1.4 4.1 Bahrain 1,325.56 (0.2) (0.7) (0.5) (7.1) 0.45 20,732.4 8.4 0.8 5.2 Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) 11,550 11,600 11,650 11,700 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
  2. 2. Page 2 of 5 Qatar Market Commentary  The QSE Index declined 0.3% to close at 11,635.0. The Insurance and Telecoms indices led the losses. The index fell on the back of selling pressure from GCC shareholders despite buying support from Qatari and non-Qatari shareholders.  Qatar General Insurance & Reinsurance Co. and Dlala Brokerage and Investment Holding Co. were the top losers, falling 4.3% and 2.7%, respectively. Among the top gainers Ezdan Holding Group and Doha Insurance Co. were up 0.8% each.  Volume of shares traded on Wednesday rose by 25.4% to 5.2mn from 4.2mn on Tuesday. Further, as compared to the 30-day moving average of 4.0mn, volume for the day was 32.0% higher. Ezdan Holding Group and Vodafone Qatar were the most active stocks, contributing 15.0% and 14.3% to the total volume, respectively. Source: Qatar Stock Exchange (* as a % of traded value) Earnings and Global Economic Data Earnings Releases Company Market Currency Revenue (mn) 2Q2015 % Change YoY Operating Profit (mn) 2Q2015 % Change YoY Net Profit (mn) 2Q2015 % Change YoY Arkan Building Material Co. Abu Dhabi AED 220.1 70.2% 0.0 NA 30.5 129.3% Source: Company data, DFM, ADX, MSM Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 08/19 US Bureau of Labor Statistics CPI MoM July 0.10% 0.20% 0.30% 08/19 US Bureau of Labor Statistics CPI YoY July 0.20% 0.20% 0.10% 08/19 US Bureau of Labor Statistics CPI Ex Food and Energy YoY July 1.80% 1.80% 1.80% 08/19 US Bureau of Labor Statistics CPI Core Index SA July 242.5 242.6 242.2 08/19 EU European Central Bank ECB Current Account SA June 25.4B – 18.0B 08/19 EU Eurostat Construction Output MoM June -1.90% – 0.30% 08/19 EU Eurostat Construction Output YoY June -2.30% – 0.30% 08/19 Italy Banca D'Italia Current Account Balance June 3,528M – 2,600M Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) Overall Activity Buy %* Sell %* Net (QR) Qatari 46.64% 46.25% 922,579.33 GCC 10.35% 10.88% (1,254,783.63) Non-Qatari 43.01% 42.87% 332,204.30
  3. 3. Page 3 of 5 News Qatar  ORDS signs liquidity provider agreement with The Group Securities Co. – Ooredoo (ORDS) announced an agreement with The Group Securities Co. to provide sponsored Liquidity Provision Services, in accordance with the QFMA-approved liquidity provision scheme. The service is scheduled to start on August 20, 2015. The Liquidity Provision Service, which is sponsored by ORDS, is intended to improve liquidity by facilitating increased market depth and trading volumes in ORDS shares listed on the Qatar Stock Exchange (QSE). (QSE)  ABQK ready to implement e-Salary system – Ahli Bank (ABQK) Deputy CEO for Retail Banking, Andrew McKechnie, has said the bank has taken “proactive” steps to ensure its existing and new customers of its readiness and compliance with the state’s much- anticipated Wage Protection System (WPS). McKechnie said “ABQK is ready” for the new wage protection scheme, and added that its systems will be WPS-compliant as early as October, a month prior to the November 2, 2015 implementation date set by the government authorities. He said the bank is currently finalizing preparations to communicate vital information to its customers such as the required new standardized formats of wage distribution forms and additional steps for WPS-compliance. (Gulf- Times.com)  Siemens receives $520mn Kahramaa order – Siemens, the global technology powerhouse, has won a $519.9mn deal from Qatar General Water & Electricity Corporation (Kahramaa). As part of the national project to expand Qatar’s power distribution network, Siemens will deliver 18 turnkey substations to supply power and help to meet increasing electricity demand. Siemens’ technology is supporting Kahramaa with continuous improvements in its infrastructure in order to meet the country’s goals for a successful FIFA 2022 World Cup and the Qatar Government’s vision for 2030. The completion of the project is scheduled for 2017. (Peninsula Qatar)  Emir issues law regulating sea ports – HH the Emir Sheikh Tamim bin Hamad Al-Thani has issued Law No 17 for 2015 pertaining to modifications of Law No 29 for 1966 on the regulation of maritime ports in Qatar. The law stipulates that goods and items kept in storehouses at ports or their yards for a month from the date of the shipment’s arrival, without being removed or re-exported, can be sold in a public auction based on regulations decided by HE the Minister of Transport. The port management may sell foodstuff or goods that may rot or get devalued, without waiting for the completion of such a timeframe, if it is confirmed by the entity concerned that keeping them in storehouses for a longer period can cause further damage. Violators of these stipulations can be fined up to QR12,000 without prejudice to any stricter penalty in any other law. The law will be published in the official gazette to be enforced by the authorities concerned. (Gulf-Times.com)  VFQS begins two-month Happy Recharge promotion – Vodafone (VFQS) is the first telecom operator in Qatar to introduce recharge cards that offer prepaid customers the chance to win prizes. Customers recharging through the new QR25 Happy Recharge cards will get QR25 worth of credit besides the chance to win cash prizes of up to QR25,000 or iPhone 6 handsets or free credit up to QR500 or free data reaching up to 12 GB. The Happy Recharge promotion runs for two months as of yesterday or until stocks last. (Peninsula Qatar)   QA, Royal Air Maroc in new code-share agreement – Qatar Airways (QA) and Royal Air Maroc are set to further strengthen their recent business partnership with the launch of new code-share routes across latter’s extensive West African network, as well as on both airlines’ routes between Qatar and Morocco from today. The joint business agreement benefits passengers by providing enhanced links between Qatar and Morocco, greater choice of flights and improved frequent flyer benefits. The introduction of this new code-share partnership will allow passengers to purchase a single itinerary combining flights on both carriers’ global networks, affording them the ease of one-stop ticketing and baggage check-in. (Gulf-Times.com) International  US consumer prices up slightly, airfares drop – Consumer prices in the US rose only slightly in July as airline fares recorded their biggest drop since 1995, but tame inflation pressures will probably not discourage the Federal Reserve from raising interest rates in 2015. The Labor Department said its Consumer Price Index edged up 0.1% in July, with gasoline and food prices increasing marginally. July's rise marked a sixth straight monthly increase. While inflation remains soft, a strengthening economy, marked by a tightening labor market and a firming housing sector, should give the US central bank confidence that it will gradually move toward its 2% target. (Reuters)  Germany backs Greek bailout as Tsipras mulls early polls – The German parliament approved a third bailout for Greece after Finance Minister Wolfgang Schaeuble said the country should get "a new start", while in Athens the government agonized over whether to call a snap election. The Bundestag vote cleared one of the final obstacles to Greece getting funding so that it can make a €3.2bn debt repayment to the European Central Bank. However, a sizeable number of conservative lawmakers rebelled against Chancellor Angela Merkel, objecting to pouring yet more billions into Greece. The Dutch parliament also gave its blessing to the Greek rescue, while the board of the Eurozone’s bailout fund in a teleconference approved disbursing the first tranche of funds under the new Greek program. (Reuters)  IMF freezes benchmark currency basket, defers any yuan addition – The International Monetary Fund (IMF) has said that it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China’s yuan as part of a review of global reserve currencies. The IMF board is scheduled to decide in November whether the yuan will join the Special Drawing Rights (SDR) basket. Beijing loosened government controls on the yuan in August, allowing its value to fall sharply. The IMF saw the policy shift as a step toward a freer exchange rate, potentially setting the stage for the yuan to become part of the SDR basket. The decision announced in a recent statement, however, would defer the implementation of any move to include the yuan. Beijing, keen for its currency to have equal billing with the euro, yen, pound and dollar, has been pushing for the yuan to be included in the SDR basket, which determines the mix of currencies that countries like Greece receive as IMF disbursements. To be included in the SDR basket, IMF policymakers must decide the yuan is “freely usable”, or widely used to make international payments and widely traded in foreign exchange markets. (Reuters) Regional  UAE inflation edged up to 4.4% in July 2015 – Inflation in Abu Dhabi and across the country grew at its fastest rate in July 2015 since 2009 as housing costs and prices of utilities continued to increase. Nationwide, prices rose by 4.4% YoY and 4.2% MoM in July 2015, led by a 10% increase in housing and fuel costs. In Abu Dhabi, inflation rose to 5.4% in July 2015, up from 4.9% in June 2015. While Dubai’s housing market has shown signs of slowing, following a stronger dollar that has pushed up prices for foreigners and increased government taxes on home sales, Abu
  4. 4. Page 4 of 5 Dhabi’s property market has continued to heat up. According to real estate consultancy firm CBRE, Abu Dhabi rents were up 10% on a YoY basis in July 2015. As per the data from Abu Dhabi Islamic Bank, rents in the capital rose 3% between March 2015 and July 2015. According to CBRE, housing supply in Abu Dhabi is set to grow slowly over the next five years. Around 34,000 residential units are planned between 2015 and 2018, which is below the five- year average for new residential units. (GulfBase.com)  Etisalat amends statue, becomes Etisalat Group – Emirates Telecommunications Corporation (Etisalat) has changed its Articles of Association, thus changing its name from Emirates Telecommunications Corporation to Emirates Telecommunications Group Company (Etisalat Group). Etisalat Group said that it will be converted from a corporation into a public joint stock company and will issue a special share to the UAE’s federal government, subject to the board’s approval. The special share will grant its holder certain rights, such as approving and vetoing key decisions of Etisalat Group, including but not limited to changes in Etisalat Group’s share capital or the rights attaching to shares, approving an employee share option plan, approving any merger with any other company and allowing the participation of a strategic investor, among others. Moreover, non- UAE natural and legal persons will be entitled to up to 20% of the company’s shares after the amendment. However, such shares held by foreign persons or entities will not have any voting rights in Etisalat Group’s general meetings. (ADX)  ENEC awards contracts worth AED9.15bn to local firms – The Emirates Nuclear Energy Corporation (ENEC) has announced contracts with UAE companies totaling over AED9.15bn for the construction of the country’s first nuclear energy plants. Over 1,100 UAE companies have been contracted for the delivery of products and services at Barakah, Western Region of Abu Dhabi. This move will further facilitate the development of a local nuclear energy industry supply chain and contributes directly to the growth of the UAE economy. (GulfBase.com)  Aabar Investments appoints new CEO – Abu Dhabi-based Aabar Investments has appointed Mohamed Al-Mehairi as its Chief Executive Officer (CEO). He will replace Mohamed Badawy al- Husseiny effective from August 24, 2015. According to sources, Mr. Husseiny, who has been CEO since March 2010, is taking up a board position in a bank and plans to join a private equity firm in the UAE. (Reuters)  ADFG raises stake in Gulf Navigation – Abu Dhabi Financial Group (ADFG) has increased its stake in Gulf Navigation to 5.19% and plans to hold turnaround talks with the troubled Dubai-based shipping company. Integrated Capital, the capital markets unit of the alternative investment firm with $3bn in assets, bought over 28.61mn shares. Gulf Navigation liabilities have reached AED641.8mn at the end of June 2015, and was in breach of specified covenants with its lenders. (GulfBase.com)  EMPOWER prepays loan installments – Emirates Central Cooling Systems Corporation (EMPOWER) has prepaid two loan installments of $52.8mn prior to their maturity. The two installments are part of Empower’s syndicated loan facility of $600mn and the bilateral loan facility of $127.8mn. Empower had prepaid on July 30, 2015 its syndicated loan installment of $40mn, which was scheduled to be paid on December 31, 2015. It had also settled on August 4, 2015 an amount of $12.8mn representing the bilateral loan installment that was scheduled to be paid on February 4, 2016. (GulfBase.com)  NBK: Kuwait awards contracts worth KD5.2bn – National Bank of Kuwait (NBK), in its latest economic update, said that Kuwait’s projects market received a KD5.2bn boost with the awarding of a new refinery and an airport terminal in recent weeks, taking the total value of contracts awarded in 2015 to KD8.4bn. The total value of Kuwait’s projects market grew to over KD71.3bn by the beginning of August 2015. (Bloomberg)  Bank Nizwa reports 46% revenue growth in 2Q2015 – Bank Nizwa reported a 46% rise in its total revenues in 2Q2015. The bank announced strong performance in its financing portfolios, with assets rising to OMR300mn, an increased market share, with customer deposits reaching OMR136mn, and significant advances within the bank’s financing portfolios, valued at OMR205mn based on 8,100 financing accounts. The bank’s corporate sector penetration also recorded remarkable growth with deposit accounts now reaching over 41,500. (GulfBase.com)  NCSI: Oman’s budget deficit swells to OMR1.9bn – According to National Centre for Statistics and Information (NCSI), Oman’s budget deficit surged ahead to OMR1, 918.5mn in 1H2015, against a surplus of OMR250mn for 1H2014, primarily due to a plunge in oil prices. This is against a government target of OMR2.5bn deficit for the whole of 2015. The government’s total revenue dipped by 36.3% to OMR4,579.7mn in 1H2015, from as high as OMR7,194.3mn in 1H2014, mainly on account of a drastic fall in oil revenue. Net oil revenue plunged by 46.1% to OMR2,846.8mn from OMR5,277.9mn. Average price of Oman Crude dipped by 43.1% to $59.9 per barrel in the first seven months of 2015 from $105.42 in the first seven months of 2014. However, the crude oil production was up by 3.1% at 206.70mn barrels (or 975,000 barrels per day) in the first seven months of 2015. As far as government expenditure is concerned, public expenditure declined by 6.4% to OMR5,798.2mn in 1H2015 from OMR6,194.3mn in 1H2014. Of this, current expenditure inched down by 0.7% to OMR3, 939mn from OMR3,968.1mn, while investment expenditure fell by 6.8% to OMR1,248.4mn for 1H2015 from OMR1,393.5mn 1H2014. (TimesofOman)  UAB mandates ABC to arrange $125mn syndicated term loan facility – United Arab Bank (UAB) has mandated Arab Banking Corporation (ABC) to arrange its $125mn syndicated term loan facility. The facility carries a tenor of three years and will be used by UAB for general corporate purposes. ABC is acting as initial mandated lead arranger and bookrunner for the transaction. The syndication was launched on August 18, 2015 and is expected to close in September 2015. (Bahrain Bourse)
  5. 5. Contacts Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC Head of Research Head of HNI Contact Center: (+974) 4476 6666 Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025 saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS. Page 5 of 5 Rebased Performance Daily Index Performance Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg (*$ adjusted returns) 80.0 100.0 120.0 140.0 160.0 180.0 Aug-11 Aug-12 Aug-13 Aug-14 Aug-15 QSE Index S&P Pan Arab S&P GCC (2.5%) (0.3%) (0.4%) (0.2%) (0.6%) 0.8% 0.1% (4.0%) (2.0%) 0.0% 2.0% SaudiArabia Qatar Kuwait Bahrain Oman AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%* Gold/Ounce 1,133.78 1.4 1.7 (4.3) MSCI World Index 1,726.01 (1.0) (1.0) 1.0 Silver/Ounce 15.32 3.0 0.4 (2.4) DJ Industrial 17,348.73 (0.9) (0.7) (2.7) Crude Oil (Brent)/Barrel (FM Future) 47.16 (3.4) (3.8) (17.7) S&P 500 2,079.61 (0.8) (0.6) 1.0 Crude Oil (WTI)/Barrel (FM Future) 40.80 (4.3) (4.0) (23.4) NASDAQ 100 5,019.05 (0.8) (0.6) 6.0 Natural Gas (Henry Hub)/MMBtu 2.73 0.8 (3.3) (8.8) STOXX 600 381.31 (1.5) (2.0) 1.7 LPG Propane (Arab Gulf)/Ton 37.13 (1.7) (2.3) (24.2) DAX 10,682.15 (1.9) (3.5) (0.9) LPG Butane (Arab Gulf)/Ton 49.25 (1.5) (2.5) (21.5) FTSE 100 6,403.45 (1.9) (2.3) (2.1) Euro 1.11 0.9 0.1 (8.1) CAC 40 4,884.10 (1.5) (2.2) 4.5 Yen 123.80 (0.5) (0.4) 3.4 Nikkei 20,222.63 (1.4) (1.3) 11.6 GBP 1.57 0.1 0.2 0.7 MSCI EM 840.51 (0.9) (2.7) (12.1) CHF 1.04 1.2 1.1 3.0 SHANGHAI SE Composite 3,794.11 1.2 (4.4) 13.8 AUD 0.73 0.1 (0.4) (10.1) HANG SENG 23,167.85 (1.3) (3.4) (1.8) USD Index 96.36 (0.7) (0.2) 6.7 BSE SENSEX 27,931.64 0.7 (0.8) (1.5) RUB 66.62 1.2 2.6 9.7 Bovespa 46,588.39 (3.0) (2.8) (29.6) BRL 0.29 (0.7) (0.3) (24.1) RTS 794.19 (1.9) (4.9) 0.4 139.2 113.7 109.0

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