EUR/USD

The Euro paired some of its Friday losses against the US Dollar, though it remains shy of reclaiming the 200-day moving average at 1.0839. The Greenback has lost its momentum and remains offered late in the North American session, despite Fed officials' commentaries. Mixed Fed views and weaker US housing data contrast with ECB optimism on inflation and potential rate cuts. Upcoming US Durable Goods Orders & Consumer Confidence figures, to update economic outlook.

GBP/USD

The GBP/USD pair trades with a mild positive bias during the Asian session on Tuesday, albeit lacks follow-through buying and remains below mid-1.2600s. The BoE Governor Andrew Bailey said last week that expectations of interest rate cuts this year were not unreasonable. The Fed had signalled last week that it

remains on track to cut interest rates by 75 basis points this year.

USD/JPY

USD/JPY navigates in the upper end of the recent range north of the 151.00 mark amidst some renewed weakness in the Greenback and rising US yields. The pair gets closer to the 152.00 hurdle, fears of FX intervention bU y Sth0 e 0B0o3 J MandI/nod r ethxe

US0001M Index

government appear to limit the upsit potential in spot.

US0006M Index US0012M Index

INTERNATIONAL EQUITY MARKETS

(Sources: Bloomberg / Reuters)

Fx rates

Last

High

Low

EUR-USD GBP-USD USD-JPY USD-CHF

1.0850 1.2655 151.31 0.9000

1.0852 1.2659 151.44 0.9006

1.0835 1.2634 151.22 0.8990

Commodities

Gold

Silver Crude Oil Bitcoin Etherium

Last 2171.24 24.57

High 2174.55 24.72

Low 2167.67 24.54

81.89 70559.54 3646.73

82.30 70965.54 3647.78

81.87 69592.98 3578.42

Period

EURIBOR SOFR

Notes/Bonds

US

BTP - BUND GILTS

1M

3 M

12 M

3.85

3.90

3.68

5.33

5.31

4.99

2Y

10Y

30 Y

4.59

4.24

4.41

0.54

1.32

1.73

4.18

3.99

4.48

INTERVAL_PERCENPTR_CIOHRA_NCPGLXEO_SHEIG_MHIDPX_LOW

% Daily

% Weekly

% YTD

0.12 0.15 -0.07 0.07 % Daily -0.03 -0.48

-0.15 -0.53 -0.30 -1.32 % Weekly 0.63 -1.40

-1.71 -0.60 -6.79 -6.51 % YTD 5.25 3.24

-0.07 -0.56 0.48

-1.02 7.78 4.67

13.53 65.99 59.78

LAST_PRICE

CHG_PCTC_H1GD_PCTC_H1GM_PCT_Y

Index

Futures

% Change

UNITED STATES OF AMERICA

The Dow Jones Industrial Average slipped Monday to start a shortened trading week as the rally that brought Wall Street to record levels took a breather. This week, investors will gain further insight about the path of inflation from the February personal consumption expenditures price index, the Fed's preferred inflation gauge, released Friday morning. The market's reaction will be determined on the following

Monday given the Good Friday holiday.

DJIA

#N/A Real Time

N/A

Close 39313.64

% Daily -0.41

%M 0.63

YTD 4.31

S&P NasdaqDJ EuroStoxx50

5218.19 16384.47 5044.19

-0.31 -0.27 0.26

2.93 2.56 3.70

9.40 9.15 11.56

#N/A Real Time #N/A Real Time #N/A Real TimeN/A N/A N/A

FTSE 100

CAC 40

7917.57 8151.60

-0.17 0.00

3.04 2.80

2.38 8.07

#N/A Real Time #N/A Real TimeN/A N/A

EUROPE

40398.03

-0.04

2.97

20.72

European markets had a tentative start to the new trading week Monday, as investors continued to digest a number of central bank policy decisions in Europe. Oil and gas stocks gained 0.9% as media stocks fell 0.7%.

ASIA

PRIOR_CLOSE_MID

Asia-Pacific markets were mostly lower on Monday as investors monitored inflation data from the region. Singapore and Malaysia both released inflation reports that came in higher than expected on Monday. Australia's February consumer price index will be out Wednesday, while Tokyo's inflation numbers are due Friday. The Japanese capital's inflation numbers are widely seen as a leading indicator of nationwide trends in the country.

MUST READ

(Source: Bloomberg/ Forexlive)

18261.31

0.30

4.81

9.01

34639.41

0.86

6.39

14.13

16473.64

1.45

0.47

-1.96

12656.94

-1.09

1.00

5.76

DAX IBEX 35 FTSE MIB Nikkei Hang Seng DFM General MSCI Tadawoul

10952.20

4281.55

0.08

8.03

8.42

0.22

1.61

5.70

CHG_PCTC_H1GD_PCTC_H5GD_PCT_Y

Company

TickerMarket CapDate

Time

Oil settles higher as Russia orders output cuts

Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation's demand for a ceasefire in Gaza. Brent crude futures settled $1.32 higher or 1.55%, at $86.75 a barrel. U.S. crude futures settled $1.32 higher, or 1.64%, at $81.95. Both benchmarks have risen steadily this year, with Brent up nearly 11% and WTI up about 12.5% by Friday's close, onexpectations that interest rates in major economies will come down by the summer, and geopolitical tensions in eastern Europe and the Middle East. Moscow, meanwhile, has ordered companies to reduce oil output in the second quarter to meet a production target of 9 million barrels per day (bpd) by the end of June, in line with its pledges to the producer group OPEC+, three industry sources said on Monday. Another Russian oil refinery had half of its capacity knocked out in a drone attack over the weekend, sources told Reuters. It was the latest casualty from a string of attacks by Ukraine this month that have shuttered 7% of total refining capacity, Reuters calculations show, on top of unrelated maintenance. Russia attacked Ukrainian generating and transmission facilities last week and over the weekend, causing blackouts in many regions. Yemen-based Houthi rebels have been ramping up attacks on ships traversing the Red Sea in support of Palestinians in Gaza. A ceasefire could help relieve supply bottlenecks if the Houthis wind down their attacks by allowing vessels to use the Suez Canal rather than taking longer, more costly diversions around the horn of Africa.

GDS Holdings LTD ADGRDS US

$ 1.60B

26-Mar-24

Pre-mkt

#N/A Real Time #N/A Real Time #N/A Real Time 40190.00 16738.00

N/A N/AN/A N/A N/A 0.20 1.50 N/A N/A

$4.62B

26-Mar-24

Leb. Mrkts

Solidere A Solidere BTD Synnex Corp Mccormick & Co Concentrix Corp Gamestop CorpClosing Px 74.00 72.60

CNXC US GME USSNX US MKC US

PXM_YAEINSWT_EHEPKIGXLY_HYEAERSNTI_NLGOSW

$ 18.77B $4.15B

$9.40BHigh 75.00 72.60

26-Mar-24

26-Mar-24

26-Mar-24

Low 74.00 72.60

Pre-mkt Pre-mkt

% Daily

% Weekly

YTD

-0.94

-1.27

-16.95

-2.29

0.55

-19.29

Estimate

Year Ago

-1.53

-0.13

2.75

2.93

0.57

0.59

2.60

1.76

-0.08

-0.31

Aft-mkt Aft-mkt

ECONOMIC CALENDAR

CONTACT

Banque BEMO sal Asset Management Unit

Ashrafieh, Elias Sarkis Ave., BEMO Bldg, 4th Floor P.O.Box 16-6353 Beirut, Lebanon

Tel: +961 1 325405/6/7/9

Disclaimer: This report is published for information purposes only. The information herein has been compiled from, or based upon sources we believe to be reliable, but we do not guarantee or accept responsibility for its completeness and accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. The investment risks described herein are not purported to be exhaustive, any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Investment, Capital Market and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investor's home currency. Client understands that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. The consequences of any action taken on the basis of finformation contained herein are solely the responsibility of the recipient.

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Banque Bemo SAL published this content on 26 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2024 09:33:05 UTC.