The document appears to be a financial report containing market data and statistics from April 16, 2020. It includes percentages, indexes, and other numerical values related to stock markets, commodities, currencies, and economic indicators from various dates. Forecasts are presented for GDP and other economic growth projections. Analysis is provided of recent monetary policies from central banks.

1. 17 April
2020

3. PAGE 2
•
10
9.2 0.6267% 10
12.7 -0.474%
•
2.09%
56 729
1.63% 40 881
•
0.44%
8.58%
0.14% 4.20
-0.80
1.86
-0.34
1.28
-1.18
-1.17
-1.97
2.03
3.88
1.74
-1.63
4.00
3.30
-1.12
-1.12
-0.40
-0.14
0.22
0.44
0.81
0.88
1.38
1.47
1.63
1.65
1.83
1.88
2.09
2.38
2.49
3.11
-
ESG ( )
-
% %
Bloomberg 2020/4/16

4. PAGE 3
•
IMF 2020 3%
•
S&P 500
0.35%
•
600 2.07%
225
•
MLF
300 0.25% RTS
7.67%
•
10.34
8.27
-0.26
17.84
14.16
-2.51
4.82
14.19
6.20
13.46
8.16
9.34
2.00
17.33
6.73
6.77
-7.67
-7.40
-3.93
-2.49
-2.07
-1.79
-1.41
-0.32
-0.31
-0.29
-0.03
0.17
0.25
0.35
0.99
2.53
RTS
MSCI
MSCI
DAX
600
SENSEX
H
MSCI
MSCI
Nikkei 225
BAML
BOVESPA
300
S&P 500
MSCI
% %
Bloomberg 2020/4/16

5. PAGE 4
• OPEC+
OPEC+ 5 6
970 7 12 800
2021 600
4
10%
• 4 10
1924.8 ( )
1,270
-30.77
-7.42
6.38
-9.87
-6.85
1.83
-10.22
-1.43
-0.21
13.45
-9.70
-2.84
-12.70
-11.63
-4.81
-3.62
-3.28
-3.10
-2.91
0.79
1.95
2.02
2.23
2.40
CRB
LME
LME
LME
LME
% %
Bloomberg 2020/4/16

6. PAGE 5
• 107 65
2 26
7
• 141
74 105
11
Bank of America Merrill Lynch EPFR 2020/4/15
Weekly FICC flows as % AUM

8. PAGE 7
• 3
(Opening up America Again)
•
• 3
8.7%( 2) 1992
50%
25%
25%
Bloomberg 2020/4/16
( 1) S&P 500
( 2) (%)

9. PAGE 8
•
2.09%( 1)
•
Hilton Worldwide Six
Flags
• S&P 500
J.P Morgan Bank of America Goldman Sachs
Citi Group Morgan Stanley Wells Fargo
•
3 6.3%( 2)
1946 3 4
-12.7 -56.6
1980 7 4 11
524.5
Bloomberg 2020/4/16
( 1)
( 2) (%)

10. PAGE 9
Bloomberg 2020/4/16
( 1) 600
( 2) 225
• (ECB)
V U
2021 ECB
• Sunak
2
GDP 30% (OBR)
2020-2021
2,730 GDP 14%
•
5 11
450 1,100
GDP 8%
GDP 9%
•
10

11. PAGE 10
( 1)
( 2) / CPI (%)
Bloomberg 2020/4/16
• 3
5.15 2.8 ( 1)
3 M2
10.1% 8.8% 2017 3
10%
• 5 3
(CPI) 4.3%( 2)
116%
(PPI) 1.5% CPI 5
• 3 CPI 5.91%
2 6.58% ( 2) 3
• 4
2 4 30 5
4
5.25% 4.25%
6.1% 4

13. PAGE 12
Bloomberg 2020/4/17
/ /
4/20 1 (LPR) 3.88% 4.05%
4/20 5 (LPR) 4.64% 4.75%
4/21 4 ZEW - -49.5
4/21 3 ( ) - -40.8%
4/22 4 -17.5 -11.6
4/22 1 9.25% 9.75%
4/23 4 Markit PMI( ) 38.7 48.5
4/23 4 Markit PMI( ) 38.7 44.5
4/23 4 Markit PMI( ) 37.8 45.4
4/23 4 PMI( ) - 44.8
4/23 1 GDP( ) 0.6% 2.3%
4/23 2 ( ) - 2.7%
4/24 4 67.6 71.0
4/24 3 ( ) -10.7% 1.2%
4/24 3 CPI( ) 0.4% 0.4%
4/24 2 ( ) -0.6% 0.8%
4/24 5.88% 6.00%

14. PAGE 13
Bloomberg ICE * ICE
(%) (bp)
(%) (bp)*
/ / 本益比 風險
2.0
2.5
3.0
3.5
4.0
4.5
5.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 2.72 (4/16)
0
50
100
150
200
250
300
350
400
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 210.0 (4/16) 5 : 129.0
4.5
5.0
5.5
6.0
6.5
7.0
7.5
2013 2014 2015 2016 2017 2018 2019 2020
: 5.34 (4/16)
200
300
400
500
600
700
2013 2014 2015 2016 2017 2018 2019 2020
: 483.67 (4/16) 5 : 354.8

15. PAGE 14
Bloomberg
(%) (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
: 9.22 (4/16)
0
200
400
600
800
1,000
1,200
1,400
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 881.1 (4/16) 5 : 468.4
2.0
4.0
6.0
8.0
10.0
12.0
14.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 7.90 (4/16)
0
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 729.0 (4/16) 5 : 442.7

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 2019 2020
: 7.65 (4/16)
0
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 665.0 (4/16) 5 : 383.9
2.0
4.0
6.0
8.0
10.0
12.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 9.07 (4/16)
0
200
400
600
800
1,000
1,200
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 856.0 (4/16) 5 : 523.6

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
9.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 6.81 (4/16)
0
100
200
300
400
500
600
700
800
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 614.32 (4/16) 5 : 351.2
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 6.15 (4/16)
0
100
200
300
400
500
600
700
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 561.69 (4/16) 5 : 340.1

18. PAGE 17
Bloomberg J.P. Morgan (JACI)
(%) (bp)
(%) (bp)
/ / 本益比 風險
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 13.34 (4/16)
0
200
400
600
800
1,000
1,200
1,400
1,600
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 1285.0 (4/16) 5 : 567.5
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 2019 2020
: 4.64 (4/16)
0
100
200
300
400
500
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 411.65 (4/16) 5 : 260.3

19. PAGE 18
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
: 16.9 (4/16) 5 : 15.8
8
10
12
14
16
18
20
2008 2010 2012 2014 2016 2018 2020
: 18.7 (4/16) 5 : 16.8
6
8
10
12
14
16
18
2008 2010 2012 2014 2016 2018 2020
: 15.1 (4/16) 5 : 14.5
10
12
14
16
18
20
22
24
2012 2013 2014 2015 2016 2017 2018 2019 2020
: 15.2 (4/16) 5 : 16.2

20. PAGE 19
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
: 12.0 (4/16) 5 : 11.8
0
5
10
15
20
25
30
35
2008 2010 2012 2014 2016 2018 2020
: 11.1 (4/16) 5 : 12.3
5
7
9
11
13
15
17
19
21
23
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 15.1 (4/16) 5 : 17.2
5
10
15
20
25
2008 2010 2012 2014 2016 2018 2020
: 11.6 (4/16) 5 : 11.9

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 2020
: 40.11 (4/16) 5 : 16.12
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 69.9 (4/16) 5 : 65.2
50
60
70
80
90
100
110
120
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
: 53.2 (4/16) 5 : 66.1
200
300
400
500
600
700
800
900
1,000
2012 2013 2014 2015 2016 2017 2018 2019 2020
: 603.9 (4/16) 5 : 372.6

22. PAGE 21
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/4/16 '16/4/16 '17/4/16 '18/4/16 '19/4/16 '20/4/16
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
'15/4/16 '16/4/16 '17/4/16 '18/4/16 '19/4/16 '20/4/16
-5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
'15/4/16 '16/4/16 '17/4/16 '18/4/16 '19/4/16 '20/4/16
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30%
35%
'15/4/16 '16/4/16 '17/4/16 '18/4/16 '19/4/16 '20/4/16
5 1
25.9% 0.0%
28.7% 0.1%
5 1
18.3% 1.9%
31.0% 0.1%
5 1
22.1% 0.9%
29.9% 0.1%
5 1
12.8% 0.2%
26.0% 0.1%
Bloomberg
* 50% +50%
5 ( ) 5 ( )
* 5 ( ) 5 ( )

23. PAGE 22
TR109099
PineBridge Investments IP Holding Company Limited
•
•
•
( )
•
108 001
104 144 10 (02)2516-7883
407 386 12 8 (04)2217-8168
802 6 17 1(A5 ) (07)335-5898