This document is a financial markets report from Bloomberg that provides data and commentary on global markets and economic indicators from November 15th, 2018. It includes charts tracking bond yields, stock market indexes, and commodity prices. One chart shows the S&P 500 has increased 3.61% since November 15th of last year. The report also mentions weak Chinese economic data, uncertainty around US-China trade, and the resignation of UK Brexit Secretary Dominic Raab.

1. 16 November
2018

3. PAGE 2
•
(1) (2) (3)
10 12
3.125%
•
2016
7 2017 4
0.66%
•
0.66%
0.64%
0.24% 0.06%
0.35%
Bloomberg 2018/11/15
商品 資金流向
-1.48
-1.63
-1.64
-1.10
0.06
0.07
-1.80
-0.11
0.79
-0.25
-0.33
-0.53
0.10
-0.01
0.35
-1.49
-1.49
-1.43
-0.66
-0.64
-0.63
-0.46
-0.24
-0.03
0.06
0.17
0.34
0.35
0.36
0.63
-
-
% %

4. PAGE 3
•
iPhone
NASDAQ 3.61%
S&P 500 2.73%
•
600 2.36% 225
3.04%
•
1.23%
• 10 6%
1.48%
Bloomberg 2018/11/15
商品 資金流向
-2.10
-0.75
-1.15
-0.31
-0.24
-4.39
-1.36
-2.24
-0.93
4.05
0.94
-0.75
1.72
1.13
3.13
3.90
-3.04
-2.73
-2.54
-2.38
-2.36
-2.26
-2.09
-1.51
-1.48
-1.38
-1.28
-1.20
-0.80
0.06
0.41
1.23
Nikkei 225
500
MSCI
MSCI
600
MSCI
RTS
DAX
H
MSCI
MSCI
SENSEX
BOVESPA
% %

5. PAGE 4
• 12
12
OPEC
5%
• (EIA)
11 9 1,027 ( )
8 2017 2
Bloomberg EIA 2018/11/15
12
商品 資金流向
-21.34
-17.53
-10.74
-3.14
-4.83
-7.11
-2.84
-1.13
-3.71
-1.86
-0.31
-0.88
-6.94
-5.70
-4.41
-3.49
-3.07
-2.20
-1.61
-0.87
-0.44
0.47
1.11
2.12
LME
LME
CRB
LME
LME
% %

6. PAGE 5
• 11 14 46
26 0.4
12 5
13
• 52 8 7
20 23
6
Bank of America Merrill Lynch EPFR 2018/11/15
商品 資金流向

8. PAGE 7
•
David Malpass
• 10 10
0.3%
CPI 0.2%
CPI 2.1% 9 2.2%
2.2%
•
Jamal Khashoggi
17
Shaham
al-Qahtani
Bloomberg 2018/11/15
( 1) S&P 500 K
( 2)

9. PAGE 8
• Lipper
11/7 1 10.4
10.4
• FCC Sprint T-Mobile
(FCC)
9 180
FCC 12 4
Sprint T-Mobile FCC
• GE (GE)
Baker Hughes 40
GE
GE ( 2) GE
Bloomberg Refinitiv Bank of America Merrill Lynch 2018/11/15

10. PAGE 9
•
May
11/25
Raab
• 3
GDP 0.2% 2015
GDP
GDP 0.2% 2014
•
11/21
• GDP GDP
-0.3% 0.7%
GDP
Bloomberg 2018/11/15
GDP

11. PAGE 10
•
•
6% 6
4.75%
•
Obrador
Obrador
•
1 8.0%
Bloomberg 2018/11/15
( 1)
( 2)

13. PAGE 12
Bloomberg 2018/11/23
/ / 本益比 風險
/ /
11/19 10 -¥70.0b ¥131.3b
11/20 10 1230k 1201k
11/20 10 ( ) 0.20% 0.50%
11/20 10 PPI( ) 3.30% 3.20%
11/21 11 98.3 98.3
11/21 10 -2.10% 0.70%
11/21 10 0.10% 0.50%
11/21 10 5.20m 5.15m
11/22 11 -3 -2.7
11/22 10 1.40% 1.20%
11/22 11 -- 32.64
11/22 11 -- 57.3
11/23 11 Markit 55.9 55.7
11/23 11 Markit 55 54.8
11/23 11 Markit 51.7 52
11/23 11 Markit 53.5 53.7
11/23 11 -- 52.9

14. PAGE 13
Bloomberg ICE * ICE
10
(%) (bp)
0
50
100
150
200
250
300
2011 2012 2013 2014 2015 2016 2017 2018
: 128.0 (11/15) 5 : 125.0
2.0
2.5
3.0
3.5
4.0
4.5
2011 2012 2013 2014 2015 2016 2017 2018
: 4.34 (11/15)
(%) (bp)*
/ / 本益比 風險
5.0
5.2
5.4
5.6
5.8
6.0
6.2
6.4
6.6
2013 2014 2015 2016 2017 2018
: 6.00 (11/15)
200
250
300
350
400
450
500
2013 2014 2015 2016 2017 2018
: 289.07 (11/15) 5 : 320.4

15. PAGE 14
Bloomberg
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
2011 2012 2013 2014 2015 2016 2017 2018
: 7.05 (11/15)
0
100
200
300
400
500
600
700
800
900
1,000
2011 2012 2013 2014 2015 2016 2017 2018
: 449.6 (11/15) 5 : 451.7
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
2011 2012 2013 2014 2015 2016 2017 2018
: 7.14 (11/15)
0
100
200
300
400
500
600
700
800
900
1,000
2011 2012 2013 2014 2015 2016 2017 2018
: 404.0 (11/15) 5 : 436.2
(%) (bp)
(%) (bp)
/ / 本益比 風險

16. PAGE 15
Bloomberg J.P. Morgan -
(%) (bp)
(%) (bp)
/ / 本益比 風險
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2011 2012 2013 2014 2015 2016 2017 2018
: 4.70 (11/15)
0
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018
: 436.0 (11/15) 5 : 362.1
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2011 2012 2013 2014 2015 2016 2017 2018
: 8.93 (11/15)
0
100
200
300
400
500
600
700
800
2011 2012 2013 2014 2015 2016 2017 2018
: 589.7 (11/15) 5 : 503.4

17. PAGE 16
Bloomberg J.P. Morgan (EMBIG) J.P. Morgan (CEMBI)
(%) (bp)
(%) (bp)
/ / 本益比 風險
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2011 2012 2013 2014 2015 2016 2017 2018
: 6.91 (11/15)
0
100
200
300
400
500
600
2011 2012 2013 2014 2015 2016 2017 2018
: 378.87 (11/15) 5 : 337.5
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2011 2012 2013 2014 2015 2016 2017 2018
: 6.35 (11/15)
0
100
200
300
400
500
600
2011 2012 2013 2014 2015 2016 2017 2018
: 330.49 (11/15) 5 : 331.4

18. PAGE 17
Bloomberg J.P. Morgan (JACI)
(%) (bp)
(%) (bp)
/ / 本益比 風險
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
2011 2012 2013 2014 2015 2016 2017 2018
: 8.35 (11/15)
0
100
200
300
400
500
600
700
800
900
1,000
2011 2012 2013 2014 2015 2016 2017 2018
: 535.0 (11/15) 5 : 573.1
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
2011 2012 2013 2014 2015 2016 2017 2018
: 5.82 (11/15)
0
50
100
150
200
250
300
350
400
450
500
2011 2012 2013 2014 2015 2016 2017 2018
: 277.77 (11/15) 5 : 255.2

19. PAGE 18
Bloomberg
MSCI 500
600 225
/ / 本益比 風險
8
10
12
14
16
18
20
2008 2010 2012 2014 2016 2018
: 15.3 (11/15) 5 : 16.6
8
10
12
14
16
18
20
22
2008 2010 2012 2014 2016 2018
: 16.7 (11/15) 5 : 17.5
6
8
10
12
14
16
18
2008 2010 2012 2014 2016 2018
: 13.8 (11/15) 5 : 15.4
10
12
14
16
18
20
22
24
2011 2012 2013 2014 2015 2016 2017 2018
: 15.6 (11/15) 5 : 17.7

20. PAGE 19
Bloomberg
MSCI 300
SENSEX BOVESPA
/ / 本益比 風險
4
6
8
10
12
14
16
18
2008 2010 2012 2014 2016 2018
: 11.5 (11/15) 5 : 12.3
0
5
10
15
20
25
30
35
2008 2010 2012 2014 2016 2018
: 11.3 (11/15) 5 : 12.6
5
7
9
11
13
15
17
19
21
23
25
2008 2010 2012 2014 2016 2018
: 20.1 (11/15) 5 : 18.0
5
7
9
11
13
15
17
19
21
2008 2010 2012 2014 2016 2018
: 13.1 (11/14) 5 : 12.7

21. PAGE 20
Bloomberg
VIX MOVE
CDX
/ / 本益比 風險
0
10
20
30
40
50
60
70
80
90
2008 2010 2012 2014 2016 2018
: 19.98 (11/15) 5 : 14.67
0
50
100
150
200
250
300
2008 2010 2012 2014 2016 2018
: 56.2 (11/15) 5 : 65.5
50
60
70
80
90
100
110
120
2011 2012 2013 2014 2015 2016 2017 2018
: 62.3 (11/15) 5 : 72.5
200
250
300
350
400
450
500
550
600
650
2013 2014 2015 2016 2017 2018
: 392.1 (11/15) 5 : 362.4

22. PAGE 21
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
'13/11/15 '14/11/15 '15/11/15 '16/11/15 '17/11/15 '18/11/15
-5%
0%
5%
10%
15%
20%
25%
30%
35%
'13/11/15 '14/11/15 '15/11/15 '16/11/15 '17/11/15 '18/11/15
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'13/11/15 '14/11/15 '15/11/15 '16/11/15 '17/11/15 '18/11/15
-5%
0%
5%
10%
15%
20%
25%
30%
35%
'13/11/15 '14/11/15 '15/11/15 '16/11/15 '17/11/15 '18/11/15
2018/11/15
* 50% +50%
5 ( ) 5 ( )
* 5 ( ) 5 ( )

23. PAGE 22
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