The document appears to be a multi-page financial report from Bloomberg containing the following key information: - Market performance data for various indexes such as the S&P 500 and Nikkei 225 for different dates. Percentage changes and closing values are provided. - Economic indicators like PMI readings, unemployment claims, and GDP figures. Specific numbers for the US and other countries are mentioned. - Interest rate levels and bond yield curves. Graphs showing rates over time are included. - Commodity prices for oil, metals, and agricultural goods. Specific percentages regarding price changes are listed. - Currencies exchange rates and trade balance numbers for different nations. Specific currency pairs and dollar values

1. 03 January
2020

3. PAGE 2
•
(Trump)
10
10 1.8771%
10
-0.223%
•
0.18%
0.47% 415.7
•
0.37%
0.27%
0.22%
0.92%
Bloomberg 2020/01/02
0.08
0.46
2.21
0.00
0.80
0.60
0.99
1.22
1.30
1.80
2.62
1.03
1.05
2.77
4.13
0.04
0.14
0.18
0.18
0.21
0.22
0.22
0.27
0.29
0.34
0.37
0.47
0.47
0.47
0.92
-
-
% %

4. PAGE 3
•
1
S&P 500
0.55%
•
600
0.21%
• 300
300
3.14%
• 225
- (Fast Retailing) 1.12%
•
0.58%
Bloomberg 2020/01/02
0.54
4.67
4.62
2.12
3.25
4.85
5.20
8.10
2.02
8.85
12.04
8.44
8.01
7.28
9.23
8.24
-1.12
0.21
0.55
0.58
0.64
0.76
0.83
0.92
1.12
1.17
1.41
1.43
1.50
1.83
2.58
3.14
Nikkei 225
600
S&P 500
BAML
DAX
MSCI
RTS
SENSEX
BOVESPA
MSCI
MSCI
MSCI
MSCI
H
300
% %

5. PAGE 4
•
OPEC
• 12 27
780 ( )
230
Bloomberg 2020/01/02
-1.09
4.91
5.71
3.54
5.60
3.08
3.48
-1.75
6.05
5.86
5.68
3.42
-2.19
0.00
0.52
0.69
0.75
0.84
0.95
1.20
1.43
1.66
2.07
2.20
LME
LME
CRB
LME
LME
% %

7. PAGE 6
Bloomberg 2020/01/02
1 15
( 1) S&P 500
( 2) Markit PMI
• 1 15
Trump Twitter 1 15
1 4
• Trump
1
3 3%
• 12 IHS Markit
PMI 52.4( 2) 52.5
50

8. PAGE 7
( 1)
( 2)
Bloomberg 2020/01/02
•
( 1)
•
Presidio
Zayo Group Holdings
2020
• 12 28
22.2 ( 2)
• CEO 2020
2020
2019 GDP
2018 3% 2.3% 2020

9. PAGE 8
• IHS Markit 12
PMI 46.3( 1) 46.9
11 50 PMI
43.7
53.9 50.4
12
2013
•
• 11 -
0.9%( 2) 2
11
-2.1%
10
Bloomberg 2020/01/02
( 2)
( 1) Markit PMI

10. PAGE 9
•
0.5% 8000
• 12 PMI
51.5( 1) 0.3% 5
4
• 12 Markit PMI
50.1( 2) 7
14
51.3
• 2019
1
Bloomberg 2019/01/02
( 2) Markit PMI
( 1) PMI

12. PAGE 11
Bloomberg 2020/01/03
/ /
01/03 CPI( ) 1.30% 1.00%
01/03 ISM 49 48.1
01/03 ( ) 4.0k -16.0k
01/03 CPI( ) 11.46% 10.56%
01/06 -- 48.8
01/07 -$44.5b -$47.2b
01/07 -- -2.00%
01/07 CPI- ( ) 0.20% -0.10%
01/08 ( ) 0.20% -0.40%
01/08 MBA -- -5.30%
01/08 ADP 165k 67k
01/09 PPI( ) -0.40% -1.40%
01/09 CPI( ) 4.70% 4.50%
01/09 ( ) 0.80% -1.70%
01/09 ( ) -- 1.00%
01/09 CPI( ) -- 2.97%
01/09 -- 222k

13. PAGE 12
Bloomberg ICE * ICE
(%) (bp)
(%) (bp)*
/ / 本益比 風險
2.0
2.5
3.0
3.5
4.0
4.5
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 2.83 (1/2)
0
50
100
150
200
250
300
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 95.0 (1/2) 5 : 127.0
5.0
5.2
5.4
5.6
5.8
6.0
6.2
6.4
6.6
2013 2014 2015 2016 2017 2018 2019 2020
: 4.95 (1/2)
200
250
300
350
400
450
500
550
600
2013 2014 2015 2016 2017 2018 2019 2020
: 315.64 (1/2) 5 : 355.3

14. PAGE 13
Bloomberg
(%) (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
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 5.60 (1/2)
0
200
400
600
800
1,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 415.7 (1/2) 5 : 460.1
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 2019 2020
: 5.13 (1/2)
0
200
400
600
800
1,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 331.0 (1/2) 5 : 437.4

15. PAGE 14
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 2019 2020
: 3.43 (1/2)
0
200
400
600
800
1,000
1,200
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 296.0 (1/2) 5 : 376.4
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 7.12 (1/2)
0
100
200
300
400
500
600
700
800
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 529.4 (1/2) 5 : 516.7

16. PAGE 15
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
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 4.90 (1/2)
0
100
200
300
400
500
600
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 292.45 (1/2) 5 : 347.9
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 4.94 (1/2)
0
100
200
300
400
500
600
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 312.08 (1/2) 5 : 337.3

17. PAGE 16
Bloomberg J.P. Morgan (JACI)
(%) (bp)
(%) (bp)
/ / 本益比 風險
2.0
4.0
6.0
8.0
10.0
12.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 7.83 (1/2)
0
200
400
600
800
1,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 604.0 (1/2) 5 : 562.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 4.37 (1/2)
0
100
200
300
400
500
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 253.85 (1/2) 5 : 257.6

18. PAGE 17
Bloomberg 12
MSCI 500
600 225
/ / 本益比 風險
8
10
12
14
16
18
20
2008 2010 2012 2014 2016 2018 2020
: 16.7 (1/2) 5 : 16.2
8
10
12
14
16
18
20
2007 2009 2011 2013 2015 2017 2019
: 18.5 (1/2) 5 : 17.1
6
8
10
12
14
16
18
2007 2009 2011 2013 2015 2017 2019
: 13.4 (1/2) 5 : 14.9
10
12
14
16
18
20
22
24
2011 2012 2013 2014 2015 2016 2017 2018
: 18.0 (12/30) 5 : 17.0

19. PAGE 18
Bloomberg 12
MSCI 300
SENSEX BOVESPA
/ / 本益比 風險
4
6
8
10
12
14
16
2008 2010 2012 2014 2016 2018 2020
: 13.2 (1/2) 5 : 12.1
0
5
10
15
20
25
30
35
2008 2010 2012 2014 2016 2018 2020
: 12.4 (1/2) 5 : 12.7
5
10
15
20
25
2007 2009 2011 2013 2015 2017 2019
: 20.1 (1/2) 5 : 18.4
5
7
9
11
13
15
17
2008 2010 2012 2014 2016 2018 2020
: 12.5 (1/2) 5 : 12.3

20. PAGE 19
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 2020
: 12.47 (1/2) 5 : 15.12
0
50
100
150
200
250
300
2007 2009 2011 2013 2015 2017 2019
: 57.2 (1/2) 5 : 65.5
50
60
70
80
90
100
110
120
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
: 61.4 (1/2) 5 : 67.1
200
250
300
350
400
450
500
550
600
650
2012
: 274.6 (1/2) 5 : 366.7

21. PAGE 20
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/1/2 '16/1/2 '17/1/2 '18/1/2 '19/1/2 '20/1/2
-5%
0%
5%
10%
15%
20%
25%
30%
'15/1/2 '16/1/2 '17/1/2 '18/1/2 '19/1/2 '20/1/2
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/1/2 '16/1/2 '17/1/2 '18/1/2 '19/1/2 '20/1/2
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/1/2 '16/1/2 '17/1/2 '18/1/2 '19/1/2 '20/1/2
5 1
37.1% 0.6%
28.7% 0.2%
5 1
33.6% 0.4%
31.1% 0.1%
5 1
35.3% 0.5%
29.9% 0.1%
5 1
28.1% 0.4%
26.2% 0.1%
Bloomberg
* 50% +50%
5 ( ) 5 ( )
* 5 ( ) 5 ( )

22. PAGE 21
TR109002
PineBridge Investments IP Holding Company Limited
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