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 | STOCK MARKETS | Currency Markets
per US$ | Short Term
Interest Rates (%) |
| U.S. MARKETS | May 17 | Change | % CHG | YTD
%CHG | May 17 | Change | YTD
%CHG | May 17 | Jan 3 |
| Dow Jones/U.S. | 15354.40 | 121.18 | 0.80 | 17.17 | | | | 0.27 | 0.31 |
| Nasdaq | 3498.97 | 33.72 | 0.97 | 15.88 | | | | | |
| S&P 500 | 1667.47 | 17.00 | 1.03 | 16.92 | | | | | |
| PLDT ADR (US$) | 76.58 | 0.02 | 0.03 | 24.91 | | | | | |
| EUROPE |
| DAX/Euro | 8398.00 | 28.13 | 0.34 | 10.32 | 1.28 | 1.25 | -2.68 | 0.20 | 0.19 |
| DJ Euro Stoxx 50 | 2817.99 | 11.29 | 0.40 | 6.91 | | | | | |
| ASIAN MARKETS |
| Philippines | 7279.87 | -31.07 | -0.42 | 25.24 | 41.20 | 42.17 | -0.35 | 0.66 | 0.48 |
| Hong Kong | 23082.68 | 0.00 | 0.00 | 1.88 | 7.76 | 7.76 | -0.16 | 0.38 | 0.40 |
| Singapore | 3449.30 | -2.98 | -0.09 | 8.91 | 1.26 | 1.25 | -2.96 | 0.77 | 0.77 |
| Malaysia | 1769.16 | 2.44 | 0.14 | 4.75 | 3.02 | 3.11 | 1.19 | 3.21 | 3.21 |
| Thailand | 1627.96 | 10.07 | 0.62 | 16.96 | 29.86 | 31.28 | 2.44 | 2.40 | 2.40 |
| Indonesia | 5145.68 | 67.01 | 1.32 | 19.20 | 9757.00 | 9534.00 | 0.37 | 4.90 | 4.99 |
| Japan | 15138.12 | 100.88 | 0.67 | 45.63 | 103.21 | 78.71 | -15.95 | 0.16 | 0.17 |
| South Korea | 1986.81 | 0.00 | 0.00 | -0.51 | 1117.10 | 1135.40 | -4.72 | 2.69 | 2.88 |
| China | 2282.87 | 31.07 | 1.38 | 0.61 | 6.14 | 6.36 | 1.46 | 2.60 | 0.00 |
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 | US Stock Market |
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 | U.S. equities sustained their surge to scale new heights, closing higher week-on-week for a fourth straight time as consumer confidence rose to a 6-year high. Consumer confidence, as measured by the University of Michigan sentiment hit 83.7 in May, up sharply from 76.4 in the previous month. On average, U.S. equities gained by 0.93% on Friday. |
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 | Asian Stock Market |
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 | Asian equity markets traded mixed on Friday with the Nikkei hitting a 5 and a half year high as inflation-friendly shares gained. With the market mostly reacting positively to the recent moves by the BOJ, traders piled into real estate shares on expectations of a return of inflation while other traders jumped into agriculture-related stocks on expectations that Prime Minister Abe's fiscal program would benefit the farming sector. The Shanghai index saw a rush towards the close of trading as dealers snapped-up property shares before the release of a real estate price measure over the weekend. On average, Asian markets were gained by 0.20%. |
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 | Currency Markets |
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 | Asian currencies sustained their slide on Friday as dealers continued to fret over the possible end of QE3 given that the number of hawks in the FOMC seems to be increasing. Meanwhile, the AUD traded weaker as global inflation slows, a clear indication that global manufacturing would follow suit and demand for commodities would stall. The Thai Baht continued its weakness as traders now fear that the Bank of Thailand would need to cut interest rates to deter speculative flows into the financial system. The Indonesian Rupiah also retreated as investors remained wary of the current account deficit as the government has been slow to address the problems of the rising fuel subsidies doled out the consumers. On average, the U.S. Dollar appreciated against other currencies by 0.20%. |
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 | Bond Market |  |
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 | U.S. Treasury prices dipped on Friday as consumer sentiment gained markedly in May, pointing to a gradual recovery in the U.S. economy. The benchmark 10-year note yield gained by 7 basis points while on average, yields of U.S. Treasuries closed higher by 4 basis points. |
US Treasury Bonds as of 5/17/2013 |
Tenor | Yield (%) | Change |
3-month | 0.03 | 0.01 |
2-year | 0.24 | 0.01 |
5-year | 0.83 | 0.04 |
10-year | 1.95 | 0.07 |
30-year | 3.17 | 0.07 |
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 | (News sources: Reuters, AFX, Dow Jones, Bloomberg) |
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 | The information contained herein is based on sources which we believe are reliable but is not guaranteed by us. This report is provided for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the security or currency mentioned herein. BPI and its affiliates may from time to time have positions and may buy or sell the security or currency described herein.
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