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1 ΕΛΛΗΝΙΚΟ ΧΡΗΜΑΤΙΣΤΗΡΙΟ Αξία Συν.XA (εκατ. ) Ανοιγμ./Χαμ./Υψηλ. Κλείζιμο (%) Δ 25-Jan-16 % μεηαβολή % μεηαβ. % μεηαβολή Ημέπαρ 5 ημεπών ενόρ μήνα έηοςρ ΓΕΝΙΚΟ ΔΕΙΚΣΗ /532.00/ % -1.55% % % FTSE / ASE /147.30/ % -1.88% % % FTSE / ASE /652.83/ % -4.51% % % FTSE / ASE /361.65/ % -6.31% % % ΚΛΑΔΟΙ ΣΙΜΗ Υψηλό 52 εβδ. Σραπεηϊν % % Τγείασ % 2.80% Τπ. Κοινισ Ωφζλειασ 1, % % 2, Χθμικϊν 6, % -0.45% 7, Σθλεπικοινωνιϊν 2, % % 2, Σροφίμων & Ποτϊν 6, % -9.14% 8, Σαξιδιϊν & Αναψυχισ 1, % % 1, Σεχνολογίασ % -2.47% Καταςκ. & Τλικϊν 1, % -9.48% 2, ΣΑΣΙΣΙΚΑ Κλείζιμο 25-Jan-16 Υτηλ.52 εβδ. Φαμ. 52 εβδ. Κιν. μέζορ 200 ημ. Γενικόσ Δείκτθσ FTSE / ASE ΔΣΡ / ASE FTSE / ASE FTSE / ASE Δείκηερ EURO E-MINI FUT Mar16 S&P500 EMINI FUT Mar16 (%) Hμ. 10.Ιοσν.17 Σαβ /03/ % 10.Δεκ.17 Κσρ E7 13/06/ % 18/03/ 52 1, % ES 17/06/ 143 1, % ΕΘΝΘΚΗ TΡΑΠΕΖΑ GOLD SPOT $/OZ 1, % Ε ΘΥΤ ΠΡΘΝ GOLD 100 OZ FUTR Apr16 MINI GOLD FUTURE Apr16 BRENT CRUDE FUTR Mar16 WTI CRUDE FUTURE Mar16 E-MINI CRUDE OIL Mar16 NATURAL GAS FUTR Feb16 E-MINI NATURAL GA Feb16 US 10YR NOTE (CBT)Mar16 Russell 2000 Mini Mar16 27/04/ 92 1, % x (x ) GC 28/06/ 154 1, % 26.Δεκ.15 Σαβ /04/ 92 1, % 26.Ιοςν.16 Κςπ YG 28/06/ 154 1, % 26.Δεκ.16 Δεσ /01/ % 26.Ιοσν.17 Δεσ BRN 29/02/ % 26.Δεκ.17 Τρι /02/ % CL 21/03/ % 19/02/ % QM 18/03/ % 27/01/ % NG 25/02/ % 26/01/ % QG 24/02/ % 21/06/ % ZN 21/09/ % 18/03/ % TF 17/06/ % ΥΠΑ FUTURE FTSE 25 FTSE 25 Σιμι Μεταβολι ταδίου 48, 2οσ Όροφοσ, TK , Ακινα Σθλ , Fax: , analysis@axonsec.gr (%) Δ Ημέπαρ % μεηαβολή έηοςρ ΓΕΝΙΚΟ ΔΕΙΚΣΗ % Χρθματ. Μεταβολι Φαμηλό 52 εβδ. Δ% Όγκοσ Ανοιχτζσ Θζςεισ Τψθλό Χαμθλό ΛΗΞΗ Feb % , #N/A N/A -1.73% ΛΗΞΗ Mar % % ΟΜΟΛΟΓΟ ΤΙΜΗ ΜΕΤΑΒΟΛΗ ΚΟΥΠΟΝΙ ΛΗΞΗ ΥΤΜ SPREAD ΟΜΟΛΟΓΟ ΤΙΜΗ ΜΕΤΑΒΟΛΗ ΚΟΥΠΟΝΙ ΛΗΞΗ ΥΤΜ SPREAD US 2Τ % 0.63% JAPAN 10Y % 0.50% Τ % 2.00% SWISS 10Y % 1.50% Τ % 3.00% EFSF 10Y % 1.75% CANADA 10Τ % 2.50% ITALY 10Y % 2.50% UK 10Τ % 2.75% SPAIN 10Y % 2.75% FRANCE 10Τ % 1.75% PORTUGAL 10Y % 5.65% GERMANY 3Τ % 0.50% GREECE 3Y % 3.38% Τ % 0.25% Y % 4.75% Τ % 1.00% Y % 3.00% , , , , , , ΤΜΒΟΛΑΙΑ ΜΔΛΛΟΝΣΙΚΗ ΔΚΠΛΗΡΩΗ Δ ΓΔΙΚΣΔ - FUTURES ON INDICES ΑΓΟΡΑ ΟΜΟΛΟΓΩΝ - BOND MARKET Τπίηη, 26 Ιανοςάπιορ ΔΛΛΑΓΑ ΠΡΩΙΝΗ ΕΝΗΜΕΡΩΗ χόλιο Αγοπάρ Η ζλλειψθ δυναμικισ ιταν το κφριο χαρακτθριςτικό τθσ ςυνεδρίαςθ τθσ Δευτζρασ 25/1/2016.Ο ΓΔ ζκλειςε ςτισ 534 μονάδεσ, με οριακι μεταβολι 0.07%.Παρά το ανοδικό άνοιγμα, θ γριγορθ προςζγγιςθ του πρϊτου ςτόχου τθσ αντίδραςθσ, των μονάδων, προκάλεςε ρευςτοποιιςεισ που εξίςου γριγορα εξανζμιςαν τα αρχικά κζρδθ. Πικανζσ περιοχζσ ςτιριξθσ εντοπίηονται ςτισ και ςτισ μονάδεσ, ενϊ τα επίπεδα των και των μονάδων αποτελοφν πικανά ςθμεία αντίςταςθσ. Ωςτόςο, θ επικείμενθ ςυνεδρίαςθ τθσ FED χωρίσ αμφιβολία δεςπόηει ςτθν τρζχουςα χρθματιςτθριακι ςυγκυρία, ςυνεπϊσ δεν αποκλείεται να χρειαςτεί να περιμζνουμε μζχρι το βράδυ τθσ Σετάρτθσ, (Πζμπτθ πρωί για μασ), για να γίνει ςαφισ θ νζα προωκθτικι κίνθςθ. Ημεπολόγιο Γεγονόηων ΞεχωπιζηόρΣομέαρ (Επόμενες ζελίδες) Tα Νέα ηηρ Ημέπαρ Ελληνική Οικονομία Διοικητής της ΣτΕ: Κατά τθν χκεςινι ομιλία ο Διοικθτισ τθσ ΣτΕ Κινηηόρ μέζορ 30 ημ. διατφπωςε τθν εκτίμθςθ ότι το 2015 κα κλείςει με φφεςθ 0,2% ζναντι εκτίμθςθσ περί μθδενικισ φφεςθσ που είχε περιλθφκεί ςτον προχπολογιςμό. Παράλλθλα, απζφυγε να προβεί ςε πρόβλεψθ για τον χρόνο άρςθσ των capital controls, ενϊ τόνιςε ότι θ επιτυχισ ολοκλιρωςθ τθσ πρϊτθσ αξιολόγθςθσ αποτελεί το κλειδί για τθν επιςτροφι κατακζςεων ςτο ελλθνικό τραπεηικό ςφςτθμα και τθν ζναρξθ των ςυηθτιςεων με τουσ εταίρουσ για τθν ΔΙΕΘΝΕΙΣ ΑΓΟΡΕΣ ανάλθψθ δράςεων για τθν περαιτζρω ελάφρυνςθ του δθμοςίου χρζουσ. Επιπλζον, κα Δείκηερ Κλείζιμo (%) Ημ. (%) Ytd WARRANTS οδθγιςει ςτθν επανζνταξθ των ελλθνικϊν τίτλων ςτισ αποδεκτζσ από το ευρωςφςτθμα ΗΠΑ DJones 15, % -8.84% Σιμή Σιμή ** Σιμή ** S&P 500 1, % -8.16% Δξάζκηζηρ Warrant Μεηοχήρ εξαςφαλίςεισ (waiver) και κα επιτρζψει τθν πολφ πιο φκθνι χρθματοδότθςθ των NASDAQ 4, % -9.76% ελλθνικϊν τραπεηϊν από τθν Ευρωπαϊκι Κεντρικι Σράπεηα (ΕΚΣ), ενϊ κα καταςτιςει ΙΑΠΩΝ. NIKKEI , % % ΠΕΘΡΑΘΩ δυνατι και τθ ςυμμετοχι των ελλθνικϊν κρατικϊν ομολόγων ςτο πρόγραμμα ποςοτικισ ΓΕΡΜΑΝΙΑ DAX 9, % -9.37% Ε ΘΥΤ ΠΡΘΝ χαλάρωςθσ τθσ ΕΚΣ. ΓΑΛΛΙΑ CAC 40 4, % -7.02% x (x ) ΗΝ. ΒΑ. FTSE-100 2, % -5.85% 02.Ιαν.16 Σαβ Εντωμεταξφ, ξεκινάει ςιμερα το απόγευμα ςτθ Βουλι, θ προ θμερθςίασ διατάξεωσ 02.Ιοςλ.16 αβ ςυηιτθςθ ςτθ Βουλι για το αςφαλιςτικό. Επενδςηικοί 52 Εβδ. [Φαμηλ,Υψηλό] (%) Ημ. 02.Ιαν.17 Δεσ S&P500 Vol. [ ] % 02.Ιοσλ.17 Κσρ DAX Vol. [ ] % 02.Ιαν.18 Τρι ΟΠΑΠ: φμφωνα με δθμοςιογραφικζσ πλθροφορίεσ (euro2day.gr), θ κυβζρνθςθ εξετάηει CBOE P/C [ ] % τθν κατάργθςθ του τζλουσ των 5 λεπτϊν ανά ςτιλθ ςτα τυχερά παιχνίδια του ΟΠΑΠ, επεξεργάηοντασ ωςτόςο τθν αφξθςθ τθσ φορολογίασ ςτο ςφνολο των τυχερϊν παιγνίων Ιζοηιμίερ (%) Ημ. (%) Ytd ALPHA BANK (καηίνο, διαδικτυακό ςτοίχθμα, λαχεία κτλ). Δολ. ΗΠΑ (EURUSD) % -0.06% Ε ΘΥΤ ΠΡΘΝ Γιεν Ιαπωνίασ (EURJPY) Τπενκυμίηεται ότι από 01 Ιανουαρίου 2016, επιβάλλεται ειδικό τζλοσ πζντε (0,05) λεπτϊν % -3.71% x (x ) Λίρα Αγγλίασ (EURGBP) % -1.06% 10.Δεκ.15 Πεμ του ευρϊ, ανά ςτιλθ, κάκε παιγνίου τθσ ΟΠΑΠ Α.Ε.. Σο ειδικό τζλοσ βαρφνει τον παίκτθ Φράγκο Ελβετίασ (EURCHF) % 2.06% 10.Ιοςν.16 Παπ Σύμβολο Λήξ Υπ. Μέπ 10.Δεκ.16 Σαβ και αποδίδεται ςτο Ελλθνικό Δθμόςιο, απευκείασ, από τθν ΟΠΑΠ Α.Ε ΔΙΕΘΝΕΙ ΑΓΟΡΕ, ΑΓΟΡΑ ΕΜΠΟΡΕΤΜΑΣΩΝ, ΑΓΟΡΑ ΧΡΗΜΑΣΟ volatility 30 θμ. Premium / Discount Δπόμενη ελίδα Λιξθ / Ημζρεσ Fri / 24 ημ. Fri / 52 ημ. Data Source: Bloomberg

2 ΗΜΕΡΟΛΟΓΙΟ ΓΕΓΟΝΟΣΩΝ Global Markets: Macro / Speeches / Commodities / Government Bond Auctions ΔΙΕΘΝΕΙ ΑΓΟΡΕ Σσόλιο Αγοπάρ-Tα Νέα ηηρ Ημέπαρ Με απϊλειεσ ολοκλιρωςαν τθ ςυνεδρίαςθ οι κυριότερεσ μετοχικζσ αγορζσ και ςτισ δφο μεριζσ του Ατλαντικοφ, με τθν απϊλειεσ ςτο πετρζλαιο να οδθγοφ ςε πιζςεισ τουσ επιμζρουσ δείκτεσ και να οδθγοφν τον κλάδο τθσ ενζργειασ ςτισ ΗΠΑ ςε απϊλειεσ 4,52%., με τον κλάδο των πρϊτων υλϊν να ακολουκεί με απϊλειεσ 3,26%. τθν Ευρϊπθ οι απϊλειεσ ιταν χαμθλότερεσ, ενϊ θ αγορά τθσ Πορτογαλίασ ζκλειςε με κζρδθ 0,28%, ζπειτα από τθν ολοκλιρωςθ των Προεδρικϊν εκλογϊν τθσ Κυριακισ και τθν κετικι κατάλθξθ τθσ εκεί διαδικαςίασ. Νωρίτερα ςιμερα το πρωϊ οι αςιατικζσ αγορζσ κατζγραψαν υψθλζσ απϊλειεσ, ςτο πλαίςιο των ανθςυχιϊν για τθν πορεία τθσ Κίνασ και των πιζςεων ςτο πετρζλαιο. τισ χκεςινζσ μακροοικονομικζσ ανακοινϊςεισ άλλωςτε, ο δείκτθσ IFO ςτθ Γερμανία υποχϊρθςε για δεφτερο μινα τον Ιανουάριο, ενϊ και ο δείκτθσ μεταποίθςθσ του Ντάλλασ ζδειξε επιδείνωςθ για τον ίδιο μινα. τα εταιρικά αποτελζςματα, θ Mac Donald s ανακοίνωςε κζρδθ 1,28$ ζναντι εκτίμθςθ για 1,23$. Μεταξφ των εταιρικϊν ανακοινϊςεων ςιμερα αναμζνουμε τθ Phillips και τθ Siemens ςτθν Ευρϊπθ και τισ Apple, AT&T, J&J P&G, μεταξφ άλλων, ςτισ ΗΠΑ. ΑΓΟΡΑ ΕΜΠΟΡΕΤΜΑΣΩΝ Σο ςυμβόλαιο του πετρελαίου WTI κυμάνκθκε μεταξφ 29,53$-32,74$/bbl εκχζσ, όπου ζκλειςε τελικά με απϊλειεσ 5,75%, ςυμπαραςφροντασ ςε απϊλειεσ επιμζρουσ κλάδουσ. Σο ςυμβόλαιο Brent κινικθκε και αυτό με απϊλειεσ 5,22% και κλείςιμο ςτα 30,50$/bbl. Φαίνεται ότι οι ανθςυχίεσ για τθν μελλοντικι ιςορροπία προςφοράσ-ηιτθςθσ και τισ εκτιμιςεισ για ςθμαντικι αφξθςθ τθσ προςφορά (supply) ςτθν αγορά, κακϊσ επίςθσ και οι μελλοντικι ςτάςθ του OPEC ςε ςυνδυαςμό με τθν επιςτροφι του Ιράν ςτο κομμάτι τθσ προϊκθςθσ τθσ παραγωγισ του, ζπειτα από πολλά χρόνια κυρϊςεων, αποτελοφν ίςωσ τουσ κφριουσ παράγοντεσ δθμιουργίασ των ανθςυχιϊν. Τπό αυτζσ τισ πιζςεισ, ο δείκτθ CRB ζκλειςε με απϊλειεσ άνω του 2%, ενϊ το ςυμβόλαιο του φυςικοφ αερίου ςυνζχιςε για τζταρτθ ςυνεδρίαςθ τθν ανοδικι του πορεία, με κλείςιμο ςτα 2,1580$/mmtU. Θετικι θ ςυνεδρίαςθ για το ςυμβόλαιο του χρυςοφ, το οποίο ζκλειςε ςτισ 1094,10$/ουγγ, ενϊ αμετάβλθτοσ παρζμεινε ο δείκτθσ Baltic Dry. ΑΓΟΡΑ ΧΡΗΜΑΣΟ Σα US Treasuries και τα κυβερνθτικά ομόλογα ςτθν Ευρϊπθ ζκλειςαν εχκζσ με κζρδθ, κακϊσ οι πτωτικζσ διακζςεισ και θ αποςτροφι ανάλθψθσ ρίςκου από τουσ επενδυτζσ, οδιγθςαν ςε ποιο αςφαλείσ επενδφςεισ. Ενδεικτικά, το 2ετζσ και 10ετζσ ςτισ ΗΠΑ διαμορφϊκθκαν ςτα 0,857% και 2,001% αντίςτοιχα. Οι διετίεσ ςτθν Ευρϊπθ διαμορφϊνονται ςτο -0,449% ςτθ Γερμανία, ςτο -0,372% ςτθ Γαλλία, ςτο - 0,005% ςτθν Ιταλία, ςτο -0,006% ςτθν Ιςπανία και ςτο +0,383% ςτθν Πορτογαλία. τθν περίπτωςθ τθσ Ελλάδοσ ωςτόςο, θ προϊκθςθ του αςφαλιςτικοφ και οι αξιολόγθςθ από τουσ Θεςμοφσ κα δϊςει τα επόμενα ςθμεία πτωτικισ εξομάλυνςθσ τθσ καμπφλθσ, με τθ 2ετία να βρίςκεται ςτο 13,847% και τθ 10ετία ςτο 9,435%. Θετικι ιταν και θ ςυνεδρίαςθ ςτο εταιρικό χρζοσ, όπου καταγράφθκαν κζρδθ τόςο ςτθν HY (χαμθλι πιςτολθπτικι διαβάκμιςθ) όςο και ςτθν IG (υψθλι πιςτολθπτικι διαβάκμιςθ) αγορά. Για τισ ςθμερινζσ δθμοπραςίεσ κρατικοφ χρζουσ, ενδεικτικά αναφζρουμε το άνοιγμα 1,5 δισ. μθδενικοφ τοκομεριδίου λιξθσ 2017 από τθν Ιταλία, κακϊσ και ομολόγων 3,1% I/L λιξθσ 2026 από τθν ίδια χϊρα, ενϊ ςτισ ΗΠΑ κα πραγματοποιθκεί το άνοιγμα τθσ 2ετίασ φψουσ 26 δισ $. ΗΜΕΡΟΛΟΓΘΟ Εηαιρικά Αποηελέζμαηα Ελλάδα Fri 19/02/2016 Coca Tue 08/03/2016 μετά το κλείςιμο τθσ Ελλθνικισ Αγοράσ Wed 09/03/2016 Φουρλής Σθλεδιάςκεψθ Thu 10/03/2016 Σιτάν Thu 31/03/2016 ΕΤΔΑΠ ΑΤΞΗΕΘ ΣΡΑΠΕΖΩΝ Σιμή Αύξηζηρ ( ) Σιμή Αύξηζηρ ( ) Σπέσοςζα (% ) Σπέσοςζα ηιμή Σρέχουζα κεθαλ/ζη (% ) reverse split ΑΜΚ προ reverse split μετά reverse split Σιμή ( ) από Τιμή ΑΜΚ (διζ. ) Απσή Έηοςρ Alpha Bank 50/ Εκνικι Σράπεηα 15/ Eurobank 100/ Σράπεηα Πειραιϊσ 100/ Attica Bank 1Ν/19.680Π ΤΝΟΛΟ 8.22 Πηγή: Αxon Χρηματιστηριακή

3 Date Time C Event Period Surv(L) Surv(H) Surv(A) Actual Prior Revised 01/25/16- PO Portugal's Centeno, Bank of Portugal Governor Attend Seminar 01/25/16- IN Eight Infrastructure Industries Dec % -- 01/18/16- AU Tennis: Australian Open 01/25/16- US SEC's Mary Jo White Speaks at Securities Regulation Institute 01/25/16- UK Middle East & North Africa Energy Conference Held in London 01/25/16- FR French President Hollande Travels to India 01/26/16 00:00 US Full committee closed briefing on the way forward in Syria... 01/26/16 01:00 SK GDP SA QoQ 4Q P 0.20% 1.00% 0.58% % -- 01/26/16 01:00 SK GDP YoY 4Q P 2.60% 3.50% 2.97% % -- 01/26/16 01:50 JN PPI Services YoY Dec 0.10% 0.30% 0.19% % -- 01/26/16 04:00 CH Bloomberg Jan. China Economic Survey 01/26/16 07:00 SI Industrial Production SA MoM Dec -0.90% 4.80% 1.71% % -- 01/26/16 07:00 SI Industrial Production YoY Dec % -5.60% -7.41% % -- 01/26/16 07:00 SI MAS Plans To Sell SGD500 Mln 28D Bills (MD16103F) 01/26/16 07:00 SI MAS Plans To Sell SGD4 Bln 84D Bills (ML16103A) 01/26/16 08:30 CH Refined Copper Imports Volume MT Dec /26/16 08:30 CH Bauxite Imports Volume MT Dec m -- 01/26/16 08:30 CH Nickel Ore Imports Volume MT Dec m -- 01/26/16 08:30 CH Natural Gas Imports Volume MT Dec m -- 01/26/16 08:30 CH Palm Oil Imports Volume MT Dec /26/16 08:30 CH Cotton Uncombed Imports Volume MT Dec /26/16 08:30 CH Sugar Imports Volume MT Dec /26/16 10:00 JN Japan Auction for Enhanced-Liquidity 01/26/16 10:00 EC EU's Katainen Speaks at BusinessEurope Conference in Brussels 01/26/16 10:30 EC EU Justice Ministers Hold Meeting on Cybercrime in 01/26/16 10:30 SW Swedbank Releases New Economic Forecasts 01/26/16 11:00 PO Portuguese Finance Minister Attends Conference on Banks 01/26/16 11:00 EC EU's Sefcovic Speaks at Energy Conference in Brussels 01/26/16 12:00 IT Italy to Sell 2.35% I/L 2024 Bonds 01/26/16 12:00 HU Hungary to Sell 3 Month Bills 01/26/16 12:00 MB Malta to Sell 91-Day 2016 Bills 01/26/16 12:00 MB Malta to Sell 182-Day 2016 Bills 01/26/16 12:00 HR Croatia to Sell Bills 01/26/16 12:00 IT Italy to Sell Up to EUR1.5 Bln Zero 2017 Bonds 01/26/16 12:00 IT Italy to Sell 3.1% I/L 2026 Bonds 01/26/16 12:10 EC ECB Main Refinancing Operation Result 01/26/16 12:45 UK Bank of England Stability Officials including Carney Speak 01/26/16 15:00 HU Central Bank Rate Decision Jan % 1.35% 1.35% % -- 01/26/16 15:00 UK BOE's Kristin Forbes speaks at Henry Jackson Society in London 01/26/16 16:00 US FHFA House Price Index MoM Nov 0.30% 0.60% 0.44% % -- 01/26/16 16:00 US S&P/Case-Shiller US HPI MoM Nov % -- 01/26/16 16:00 US S&P/CaseShiller 20-City Index NSA Nov /26/16 16:00 US S&P/CS 20 City MoM SA Nov 0.30% 0.90% 0.69% % -- 01/26/16 16:00 US S&P/CS Composite-20 YoY Nov 5.20% 6.00% 5.65% % -- 01/26/16 16:00 US S&P/Case-Shiller US HPI NSA Nov /26/16 16:00 US S&P/Case-Shiller US HPI YoY Nov % -- 01/26/16 16:45 US Markit US Services PMI Jan P /26/16 16:45 US Markit US Composite PMI Jan P /26/16 17:00 US Consumer Confidence Index Jan /26/16 17:00 US Richmond Fed Manufact. Index Jan /26/16 17:00 US Service Chiefs Defense Acquisition Role - Hearing 01/26/16 17:00 US The George Washington University (GWU) Elliott School of... 01/26/16 17:00 US VA Modernization Plan - Hearing 01/26/16 17:30 US Budget and Economic Outlook - Hearing 01/26/16 18:00 US Join BGOV along with House Communications and 01/26/16 18:00 US Indian, Insular, and Alaska Native Affairs Subcommittee... 01/26/16 18:00 US The Center on Global Interests (CGI) holds a discussion on... 01/26/16 18:30 US U.S. to Sell 4-Week Bills 01/26/16 19:00 US The Washington Area New Automobile Dealers Association... 01/26/16 20:00 US U.S. to Sell USD26 Bln 2-Year Notes 01/26/16 EC CEPS Conference on Debt in Brussels 01/26/16 EC U.K.'s Blair Meets EU's Juncker, Timmermans in Brussels 01/26/16 EC EU's Dombrovskis Speaks at FEB Conference in Brussels 01/26/16 EC EU's Bienkowska Speaks at Innovation Conference in Brussels 01/26/16- GE Schaeuble, Vestager at Business Conference, Schwaebisch-Hall 01/26/16- US FOMC Holds Two-Day Policy Meeting and Issues Policy Source: Bloomberg SR: Sales Release, ER: Earnings Release

4 Date Time C Event Period Surv(L) Surv(H) Surv(A) Actual Prior Revised 01/26/16-01/28/16 GE Schaeuble, Vestager at Business Conference, Schwaebisch-Hall 01/26/16-01/27/16 NZ Prime Minister Key Speaks in Auckland 01/26/16-01/27/16 US FOMC Holds Two-Day Policy Meeting and Issues Policy 01/27/16 00:00 US Full committee meets to formulate a rule on H.R.3442, the... 01/27/16 00:30 AU ANZ Roy Morgan Weekly Consumer Confidence Index Jan /27/16 01:30 AU Westpac Leading Index MoM Dec % -- 01/27/16 02:00 AU Skilled Vacancies MoM Dec % -- 01/27/16 02:30 AU CPI QoQ 4Q 0.00% 0.50% 0.26% % -- 01/27/16 02:30 AU CPI YoY 4Q 1.40% 1.80% 1.57% % -- 01/27/16 02:30 AU CPI Trimmed Mean QoQ 4Q 0.40% 0.60% 0.49% % -- 01/27/16 02:30 AU CPI Trimmed Mean YoY 4Q 1.90% 2.20% 2.04% % -- 01/27/16 02:30 AU CPI Weighted Median QoQ 4Q 0.40% 0.60% 0.48% % -- 01/27/16 02:30 AU CPI Weighted Median YoY 4Q 1.90% 2.20% 2.08% % -- 01/27/16 03:30 CH Industrial Profits YoY Dec % -- 01/27/16 03:45 CH Westpac-MNI Consumer Sentiment Jan /27/16 05:00 CH China To Sell CNY20 Bln 3-Yr Bonds (1603) 01/27/16 07:00 JN Small Business Confidence Jan /27/16 09:00 UK Nationwide House Px NSA YoY Jan 4.30% 5.00% 4.71% % -- 01/27/16 09:00 UK Nationwide House PX MoM Jan 0.20% 0.80% 0.56% % -- 01/27/16 09:00 GE GfK Consumer Confidence Feb /27/16 09:00 FI Consumer Confidence Index Jan /27/16 09:00 FI Business Confidence Jan /27/16 09:00 FI Unemployment Rate Dec % -- 01/27/16 09:00 FR EDF board could make Hinkley point final investment decision 01/27/16 09:45 FR Consumer Confidence Jan /27/16 10:00 TA Monitoring Indicator Dec /27/16 10:00 SP Total Mortgage Lending YoY Nov % -- 01/27/16 10:00 SP House Mortgage Approvals YoY Nov % -- 01/27/16 10:00 SW Manufacturing Confidence s.a. Jan /27/16 10:00 SW Consumer Confidence Jan /27/16 10:00 SW Economic Tendency Survey Jan /27/16 10:30 SW Swedish NIER Press Conference 01/27/16 11:00 IT Consumer Confidence Index Jan /27/16 11:00 IT Business Confidence Jan /27/16 11:00 IT Economic Sentiment Jan /27/16 11:00 LN Consumer Confidence Indicator Jan /27/16 11:00 LN Retail Sales MoM Dec % -- 01/27/16 11:00 LN Retail Sales YoY Dec % -- 01/27/16 11:25 UK BOE's Andrew Bailey speaks in Dublin 01/27/16 11:30 UK BBA Loans for House Purchase Dec /27/16 12:00 IT Italy to Sell EUR6.5 Bln 182-Day Bills 01/27/16 12:00 BP Gross External Debt Nov b -- 01/27/16 12:03 SW Sweden to Sell SEK12.5 Bln 82-Day Bills on Jan. 27 (*Correct) 01/27/16 12:03 SW Sweden to Sell SEK5 Bln 138-Day Bills 01/27/16 12:10 EC ECB Long-Term Refinancing Operation Result 01/27/16 12:30 GE Germany to Sell EUR1 Bln 2.5% 2046 Bonds (DE ) 01/27/16 13:00 CZ Czech Rep. to Sell 2019 Bonds 01/27/16 13:00 CZ Czech Rep. to Sell Floating 2027 Bonds 01/27/16 13:00 CZ Czech Rep. to Sell 2.4% 2025 Bonds 01/27/16 13:00 RU Russia to Sell Bonds 01/27/16 13:00 EC ECB Board Member Mersch Speaks in Munich 01/27/16 14:00 US MBA Mortgage Applications Jan % -- 01/27/16 14:00 UK Prime Minister's Question Time in House of Commons 01/27/16 15:00 EC ECB Board Member Lautenschlaeger Speaks in Frankfurt 01/27/16 17:00 US New Home Sales Dec 478k 525k k k -- 01/27/16 17:00 US New Home Sales MoM Dec -2.50% 7.10% 2.25% % -- 01/27/16 17:30 US DOE Total Fuel Ethanol Inventory Jan k -- 01/27/16 17:30 US DOE Fuel Ethanol Total Production Jan k -- 01/27/16 17:30 US DOE U.S. Crude Oil Inventories Jan k -- 01/27/16 17:30 US DOE Cushing OK Crude Inventory Jan k -- 01/27/16 17:30 US DOE U.S. Gasoline Inventories Jan k -- 01/27/16 17:30 US DOE U.S. Distillate Inventory Jan k -- 01/27/16 17:30 US DOE U.S. Refinery Utilization Jan % -- 01/27/16 17:30 US DOE Crude Oil Implied Demand Jan /27/16 17:30 US DOE Gasoline Implied Demand Jan /27/16 17:30 US DOE Distillate Implied Demand Jan /27/16 17:30 GE Finance Minister Baden Wuerttemberg Speaks at Conference 01/27/16 18:00 US The Heritage Foundation holds a book discussion on... 01/27/16 18:30 US U.S. to Sell USD15 Bln 2-Year Floating Rate Notes 01/27/16 18:30 UK BOE's Minouche Shafik speaks in London 01/27/16 19:00 FR Total Jobseekers Dec k k k k -- 01/27/16 19:00 FR Jobseekers Net Change Dec /27/16 19:00 US The Washington Area New Automobile Dealers Association... 01/27/16 19:00 CA OEA & CABE Host Dr. Kevin Milligan to Speak on Federal Budget 01/27/16 19:00 US The Federalist Society for Law and Public Policy Studies... 01/27/16 20:00 US U.S. to Sell USD35 Bln 5-Year Notes 01/27/16 21:00 US FOMC Rate Decision (Lower Bound) Jan % 0.25% 0.25% % -- 01/27/16 21:00 US FOMC Rate Decision (Upper Bound) Jan % 0.50% 0.50% % -- 01/27/16 22:00 NZ RBNZ Official Cash Rate Jan % 2.50% 2.50% % -- 01/27/16 22:00 NZ RBNZ OCR decision 01/27/16 23:45 NZ Trade Balance Dec -436m 100m m m -- 01/27/16 23:45 NZ Exports Dec 4.15b 4.49b 4.36b b -- 01/27/16 23:45 NZ Imports Dec 4.30b 4.65b 4.47b b -- 01/27/16 23:45 NZ Trade Balance 12 Mth YTD Dec -3910m -3380m m m -- Source: Bloomberg SR: Sales Release, ER: Earnings Release

5 Date Time C Event Period Surv(L) Surv(H) Surv(A) Actual Prior Revised 01/26/16-01/28/16 GE Schaeuble, Vestager at Business Conference, Schwaebisch-Hall 01/28/16 01:30 AU Australia Plans to Sell AUD500 Mln 84-Day Bills 01/28/16 01:50 JN Japan Buying Foreign Bonds Jan  375.2b -- 01/28/16 01:50 JN Japan Buying Foreign Stocks Jan  215.3b -- 01/28/16 01:50 JN Foreign Buying Japan Bonds Jan  631.7b -- 01/28/16 01:50 JN Foreign Buying Japan Stocks Jan  358.3b -- 01/28/16 01:50 JN Retail Trade YoY Dec -0.70% 2.50% 0.21% % -- 01/28/16 01:50 JN Retail Sales MoM Dec 0.10% 1.60% 0.90% % -- 01/28/16 01:50 JN Dept. Store, Supermarket Sales Dec -0.60% 2.60% 0.59% % -- 01/28/16 02:30 AU Import price index QoQ 4Q -1.80% 0.00% -0.77% % -- 01/28/16 02:30 AU Export price index QoQ 4Q -6.00% -3.00% -4.04% % -- 01/28/16 02:30 US The Jewish Community Relations Council holds a book... 01/28/16 03:00 CH Swift Global Payments CNY Dec % -- 01/28/16 04:30 SI Unemployment rate SA 4Q 2.00% 2.10% 2.04% % -- 01/28/16 05:35 JN Japan to Sell 3-Month Bills 01/28/16 05:45 JN Japan to Sell 2-Year Bonds 01/28/16 07:00 IN Bloomberg Jan. India Economic Survey 01/28/16 07:30 NE Producer Confidence Index Jan /28/16 08:30 BW Bloomberg Jan. Bangladesh Economic Survey 01/28/16 09:00 GE Import Price Index MoM Dec -1.30% -0.50% -1.08% % -- 01/28/16 09:00 GE Import Price Index YoY Dec -3.40% -2.40% -3.04% % -- 01/28/16 09:00 FI House Price Index MoM Dec % -- 01/28/16 09:00 FI House Price Index YoY Dec % -- 01/28/16 10:00 DE Unemployment Rate SA Dec 3.70% 3.70% 3.70% % -- 01/28/16 10:00 DE Unemployment Rate Gross Rate Dec 4.50% 4.50% 4.50% % -- 01/28/16 10:00 SO PPI MoM Dec % -- 01/28/16 10:00 SO PPI YoY Dec % -- 01/28/16 10:00 HU Unemployment Rate Dec 6.30% 6.30% 6.30% % -- 01/28/16 10:00 GE CPI Saxony MoM Jan % -- 01/28/16 10:00 GE CPI Saxony YoY Jan % -- 01/28/16 10:00 SP Retail Sales YoY Dec % -- 01/28/16 10:00 SP Retail Sales SA YoY Dec 2.10% 3.90% 2.84% % -- 01/28/16 10:00 SP Unemployment Rate 4Q 20.00% 21.50% 21.04% % -- 01/28/16 10:00 SI Total Weekly Fuel Stockpiles Bbl Jan m -- 01/28/16 10:00 SI Light Distillates Fuel Stockpiles Bbl Jan m -- 01/28/16 10:00 SI Middle Distillates Fuel Stockpiles Bbl Jan m -- 01/28/16 10:00 SI Residue Fuel Stockpiles Bbl Jan m -- 01/28/16 10:00 RU Bloomberg Jan. Russia Economic Survey 01/28/16 10:15 PD Bloomberg Jan. Poland Economic Survey 01/28/16 10:30 SW Unemployment Rate Dec 6.00% 6.50% 6.30% % -- 01/28/16 10:30 SW Unemployment Rate Trend Dec % -- 01/28/16 10:30 SW Unemployment Rate SA Dec 6.60% 7.00% 6.87% % -- 01/28/16 10:30 SW Trade Balance Dec -2.5b 0.7b -0.60b b -- 01/28/16 10:30 SW Retail Sales MoM Dec -1.50% 0.40% -0.37% % -- 01/28/16 10:30 SW Retail Sales NSA YoY Dec 4.10% 6.00% 4.94% % -- 01/28/16 10:30 FI OECD Publishes Country Report on Finland 01/28/16 10:45 HR Bloomberg Jan. Croatia Economic Survey 01/28/16 11:00 GE CPI Brandenburg MoM Jan % -- 01/28/16 11:00 GE CPI Brandenburg YoY Jan % -- 01/28/16 11:00 GE CPI Hesse MoM Jan % -- 01/28/16 11:00 GE CPI Hesse YoY Jan % -- 01/28/16 11:00 GE CPI Bavaria MoM Jan % -- 01/28/16 11:00 GE CPI Bavaria YoY Jan % -- 01/28/16 11:00 AS Bank Austria Manufacturing PMI Jan /28/16 11:00 IT Hourly Wages YoY Dec % -- 01/28/16 11:00 IT Hourly Wages MoM Dec % -- 01/28/16 11:00 BP Bloomberg Jan. Bulgaria Economic Survey 01/28/16 11:00 PO Fitch Ratings Holds Credit Seminar in Lisbon 01/28/16 11:00 EC NATO's Stoltenberg Gives Press Conference in Brussels 01/28/16 11:10 SW Riksbank Bond Purchase Results 01/28/16 11:30 PO Portugal Releases Consumer, Business Confidence Report 01/28/16 11:30 PO Consumer Confidence Index Jan /28/16 11:30 PO Economic Climate Indicator Jan /28/16 11:30 GE CPI North Rhine Westphalia MoM Jan % -- 01/28/16 11:30 GE CPI North Rhine Westphalia YoY Jan % -- 01/28/16 11:30 DE Denmark to Sell Bills 01/28/16 11:30 SL Sri Lanka to Sell 9.5% 2020 Bonds 01/28/16 11:30 UK GDP QoQ 4Q A 0.30% 0.60% 0.47% % -- 01/28/16 11:30 UK GDP YoY 4Q A 1.70% 2.00% 1.86% % -- 01/28/16 11:30 UK Index of Services MoM Nov 0.20% 0.30% 0.22% % -- 01/28/16 11:30 UK Index of Services 3M/3M Nov 0.60% 0.80% 0.63% % -- 01/28/16 12:00 IT Italy to Sell Bonds 01/28/16 12:00 EC Economic Confidence Jan /28/16 12:00 EC Business Climate Indicator Jan /28/16 12:00 EC Industrial Confidence Jan /28/16 12:00 EC Services Confidence Jan /28/16 12:00 HU Hungary to Sell 12 Month Bills 01/28/16 12:00 HU Hungary to Sell Floater Bonds 01/28/16 12:00 EC Consumer Confidence Jan F /28/16 12:03 SW Sweden to Sell I/L Bonds 01/28/16 12:03 SW Sweden to Sell SEK500 Mln 0.125% I/L 2032 Bonds 01/28/16 12:30 PD Poland to Sell Bonds 01/28/16 13:00 IR Retail Sales Volume MoM Dec % -- 01/28/16 13:00 IR Retail Sales Volume YoY Dec % -- 01/28/16 13:00 UK CBI Reported Sales Jan /28/16 13:00 CZ Czech Rep. to Sell 2017 Bills 01/28/16 13:30 EC EU's Malmstroem Speaks at BusinessEurope in Brussels 01/28/16 15:00 SP Bank of Portugal's Costa Speaks in Madrid 01/28/16 15:00 GE CPI MoM Jan P -1.10% 0.00% -0.81% % -- 01/28/16 15:00 GE CPI YoY Jan P 0.30% 0.80% 0.47% % -- 01/28/16 15:00 GE CPI EU Harmonized MoM Jan P -1.30% 0.10% -0.96% % -- 01/28/16 15:00 GE CPI EU Harmonized YoY Jan P 0.20% 0.80% 0.43% % -- 01/28/16 15:00 RU Gold and Forex Reserve Jan b -- 01/28/16 15:00 US Health and Human Services Department (HHS); Food and Drug... 01/28/16 15:00 US The Council for Higher Education Accreditation holds its... 01/28/16 15:00 SP Bank of Portugal Governor Speaks in Madrid 01/28/16 15:00 SW Swedish Prime Minister Q&A in Parliament 01/28/16 15:30 US Initial Jobless Claims Jan k 290k k k -- 01/28/16 15:30 US Continuing Claims Jan k 2233k k k -- 01/28/16 15:30 US Durable Goods Orders Dec P -4.20% 3.50% -0.77% % -- 01/28/16 15:30 US Durables Ex Transportation Dec P -0.60% 0.50% -0.09% % -- 01/28/16 15:30 US Cap Goods Orders Nondef Ex Air Dec P -0.50% 0.80% -0.13% % -- 01/28/16 15:30 US Cap Goods Ship Nondef Ex Air Dec P 0.00% 1.50% 0.67% % -- 01/28/16 16:45 US Bloomberg Consumer Comfort Jan /28/16 17:00 US Pending Home Sales MoM Dec -0.60% 2.00% 0.78% % -- 01/28/16 17:00 US Pending Home Sales NSA YoY Dec 3.60% 5.50% 4.68% % -- 01/28/16 17:30 US EIA Natural Gas Storage Change Jan /28/16 17:30 US EIA Working Natural Gas Implied Flow Jan /28/16 20:00 US U.S. to Sell USD29 Bln 7-Year Notes 01/28/16 20:00 EC ECB Governing Council Member Jens Weidmann Speaks in Bonn 01/28/16 GE CPI Baden Wuerttemberg MoM Jan % -- 01/28/16 GE CPI Baden Wuerttemberg YoY Jan % -- 01/28/16 EC EU's Mogherini Speaks on EU-Asia Relations in Berlin 01/28/16 EC EU's Dombrovskis Speaks on Euro Benefits and Risks in Prague 01/28/16-01/31/16 CH Leading Index Dec Source: Bloomberg SR: Sales Release, ER: Earnings Release

6 Date Time C Event Period Surv(L) Surv(H) Surv(A) Actual Prior Revised 01/25/16-01/29/16 KZ Money Supply M3 MoM Dec % -- 01/25/16-01/29/16 IN Eight Infrastructure Industries Dec % -- 01/18/16-01/31/16 AU Tennis: Australian Open 01/28/16-01/31/16 CH Leading Index Dec /29/16 01:30 JN Jobless Rate Dec 3.20% 3.40% 3.26% % -- 01/29/16 01:30 JN Job-To-Applicant Ratio Dec /29/16 01:30 JN Overall Household Spending YoY Dec -4.90% -0.60% -2.50% % -- 01/29/16 01:30 JN Natl CPI YoY Dec 0.00% 0.40% 0.17% % -- 01/29/16 01:30 JN Natl CPI Ex Fresh Food YoY Dec -0.10% 0.20% 0.12% % -- 01/29/16 01:30 JN Natl CPI Ex Food, Energy YoY Dec 0.70% 1.00% 0.86% % -- 01/29/16 01:30 JN Tokyo CPI YoY Jan -0.30% 0.20% -0.02% % -- 01/29/16 01:30 JN Tokyo CPI Ex-Fresh Food YoY Jan 0.00% 0.30% 0.11% % -- 01/29/16 01:30 JN Tokyo CPI Ex Food, Energy YoY Jan 0.50% 0.70% 0.60% % -- 01/29/16 01:50 JN Industrial Production MoM Dec P -1.00% 1.50% -0.17% % -- 01/29/16 01:50 JN Industrial Production YoY Dec P -2.70% 3.20% -0.25% % -- 01/29/16 01:50 JN Loans & Discounts Corp YoY Dec % -- 01/29/16 02:00 AU Australia Plans to Sell AUD900 Mln 3.25% 2025 Bonds 01/29/16 02:01 UK Lloyds Business Barometer Jan /29/16 02:05 UK GfK Consumer Confidence Jan /29/16 02:30 AU PPI QoQ 4Q % -- 01/29/16 02:30 AU PPI YoY 4Q % -- 01/29/16 02:30 AU Private Sector Credit MoM Dec 0.50% 0.70% 0.57% % -- 01/29/16 02:30 AU Private Sector Credit YoY Dec 6.40% 7.20% 6.71% % -- 01/29/16 04:00 NZ Money Supply M3 YoY Dec % -- 01/29/16 05:00 CH China Plans to Sell 3-Month T-Bills 01/29/16 06:00 TH Mfg Production Index ISIC NSA YoY Dec -4.50% 3.00% -0.49% % -- 01/29/16 06:00 TH Capacity Utilization ISIC Dec /29/16 06:00 JN Vehicle Production YoY Dec % -- 01/29/16 07:00 JN Natl CPI Ex Fresh Food, Energy YoY Dec 1.20% 1.30% 1.25% % -- 01/29/16 07:00 JN Housing Starts YoY Dec -3.70% 4.00% 0.52% % -- 01/29/16 07:00 JN Annualized Housing Starts Dec 0.850m 0.908m 0.89m m -- 01/29/16 07:00 JN Construction Orders YoY Dec % -- 01/29/16 08:00 ES Retail Sales YoY Dec % -- 01/29/16 08:30 FR GDP QoQ 4Q A -0.10% 0.30% 0.21% % -- 01/29/16 08:30 FR GDP YoY 4Q A 1.00% 1.40% 1.20% % -- 01/29/16 09:00 FI Trade Balance Nov F m -- 01/29/16 09:00 GE Retail Sales MoM Dec -0.40% 0.80% 0.29% % -- 01/29/16 09:00 GE Retail Sales YoY Dec 1.00% 4.20% 1.99% % -- 01/29/16 09:00 SW NBIM CEO Slyngstad Speaks in Stockholm 01/29/16 09:45 FR CPI EU Harmonized MoM Jan P -1.10% 0.20% -0.91% % -- 01/29/16 09:45 FR CPI EU Harmonized YoY Jan P 0.20% 0.50% 0.41% % -- 01/29/16 09:45 FR CPI MoM Jan P -1.10% 0.20% -0.84% % -- 01/29/16 09:45 FR CPI YoY Jan P 0.20% 0.40% 0.31% % -- 01/29/16 09:45 FR PPI MoM Dec % -- 01/29/16 09:45 FR PPI YoY Dec % -- 01/29/16 09:45 FR Consumer Spending MoM Dec -0.30% 2.10% 0.68% % -- 01/29/16 09:45 FR Consumer Spending YoY Dec -0.60% 1.50% 0.87% % -- 01/29/16 10:00 AS PPI MoM Dec % -- 01/29/16 10:00 AS PPI YoY Dec % -- 01/29/16 10:00 RU Money Supply Narrow Def Jan t -- 01/29/16 10:00 AS GDP SA QoQ 4Q % -- 01/29/16 10:00 AS GDP NSA YoY 4Q % -- 01/29/16 10:00 SP CPI EU Harmonised MoM Jan P -2.30% -1.80% -2.04% % -- 01/29/16 10:00 SP CPI EU Harmonised YoY Jan P -0.60% 0.30% -0.11% % -- 01/29/16 10:00 SP CPI MoM Jan P -1.60% -1.30% -1.47% % -- 01/29/16 10:00 SP CPI YoY Jan P 0.00% 0.30% 0.13% % -- 01/29/16 10:00 SP GDP QoQ 4Q P 0.70% 0.80% 0.78% % -- 01/29/16 10:00 SP GDP YoY 4Q P 3.30% 3.50% 3.43% % -- 01/29/16 11:00 EC M3 Money Supply YoY Dec 4.50% 5.50% 5.15% % -- 01/29/16 11:00 BP PPI MoM Dec % -- 01/29/16 11:00 BP PPI YoY Dec % -- 01/29/16 11:00 SP Current Account Balance Nov b -- 01/29/16 11:00 IT PPI MoM Dec % -- 01/29/16 11:00 IT PPI YoY Dec % -- 01/29/16 11:00 LN GDP QoQ 4Q P % -- 01/29/16 11:00 LN GDP Constant Prices YoY 4Q P % -- 01/29/16 11:30 SL CPI Moving Average YoY Jan % -- 01/29/16 11:30 SL CPI YoY Jan % -- 01/29/16 12:00 PO Portuguese Prime Minister Costa Speaks at Debate in 01/29/16 12:00 EC CPI Estimate YoY Jan 0.20% 0.60% 0.37% % -- 01/29/16 12:00 EC CPI Core YoY Jan A 0.80% 1.10% 0.92% % -- 01/29/16 12:00 GR Retail Sales YoY Nov -3.70% -2.00% -2.83% % -- 01/29/16 12:00 HR Industrial Output YoY Dec % -- 01/29/16 12:00 GE AUCT - Germany Auction of Ph.3 EUAs (Spot Market) 01/29/16 12:30 RU Key Rate Jan % 11.00% 11.00% % -- 01/29/16 13:00 PO Portugal Releases December Retail Sales, Employment 01/29/16 13:00 PO Portugal Reports Industrial Production Index 01/29/16 13:00 PO Industrial Production MoM Dec % -- 01/29/16 13:00 PO Industrial Production YoY Dec % -- 01/29/16 13:00 PO Retail Sales MoM Dec % -- 01/29/16 13:00 PO Retail Sales YoY Dec % -- 01/29/16 13:00 UK U.K. to Sell GBP1.5 Bln 28-Day Bills 01/29/16 13:00 UK U.K. to Sell GBP2 Bln 92-Day Bills 01/29/16 13:00 UK U.K. to Sell GBP1.5 Bln 182-Day Bills 01/29/16 15:30 US Employment Cost Index 4Q 0.10% 0.70% 0.58% % -- 01/29/16 15:30 US Advance Goods Trade Balance Dec -$62.700b -$58.000b -$60.03b -- -$60.500b -- 01/29/16 15:30 CA GDP MoM Nov 0.10% 0.40% 0.27% % -- 01/29/16 15:30 CA Industrial Product Price MoM Dec -0.60% 0.20% -0.28% % -- 01/29/16 15:30 CA Raw Materials Price Index MoM Dec -5.00% -0.40% -3.10% % -- 01/29/16 15:30 CA GDP YoY Nov 0.00% 0.50% 0.18% % -- 01/29/16 15:30 US GDP Annualized QoQ 4Q A -0.20% 1.50% 0.74% % -- 01/29/16 15:30 US Personal Consumption 4Q A 1.00% 2.30% 1.80% % -- 01/29/16 15:30 US GDP Price Index 4Q A -0.50% 1.80% 0.72% % -- 01/29/16 15:30 US Core PCE QoQ 4Q A 1.20% 2.30% 1.45% % -- 01/29/16 16:00 US ISM Milwaukee Jan /29/16 16:00 US National Science Foundation (NSF) (F.R. Page 76314) holds a... 01/29/16 16:00 BE GDP SA QoQ 4Q P % -- 01/29/16 16:00 BE GDP SA YoY 4Q P % -- 01/29/16 16:45 US Chicago Purchasing Manager Jan /29/16 17:00 US U. of Mich. Sentiment Jan F /29/16 17:00 US U. of Mich. Current Conditions Jan F /29/16 17:00 US U. of Mich. Expectations Jan F /29/16 17:00 US U. of Mich. 1 Yr Inflation Jan F % -- 01/29/16 17:00 US U. of Mich Yr Inflation Jan F % -- 01/29/16 20:00 US Baker Hughes U.S. Rig Count Jan /29/16 20:00 US Baker Hughes U.S. Rotary Gas Rigs Jan /29/16 20:00 US Baker Hughes U.S. Rotary Oil Rigs Jan /29/16 22:30 US Fed's Williams gives forecast speech in San Francisco 01/29/16 AU CBA/HIA House Affordability 4Q /29/16 HK Money Supply M1 HKD YoY Dec % -- 01/29/16 HK Money Supply M3 HKD YoY Dec % -- 01/29/16 HK Money Supply M2 HKD YoY Dec % -- 01/29/16 HK Budget Balance HKD Dec b -- 01/29/16 JN BOJ Annual Rise in Monetary Base Jan-29  80t  80t  80.00t --  80t -- 01/29/16 BP Budget Balance Dec m -- 01/29/16 JN Bank of Japan Monetary Policy Statement 01/29/16 BP Base Interest Rate Feb % -- 01/29/16 SP Spain Budget Balance YtD Dec b -- 01/29/16 TH Business Sentiment Index Dec /29/16 BE CPI MoM Jan % -- 01/29/16 BE CPI YoY Jan % -- 01/29/16 SO Slovak Republic Sovereign Debt to Be Rated by S&P 01/29/16 AZ Azerbaijan Sovereign Debt to Be Rated by S&P 01/29/16 RU Belgorod Sovereign Debt to Be Rated by Moody's 01/29/16 GE Berlin Sovereign Debt to Be Rated by Moody's 01/29/16 HR Croatia Sovereign Debt to Be Rated by Fitch 01/29/16 SP Spain Sovereign Debt to Be Rated by Fitch 01/29/16 IN Fiscal Deficit INR Crore Dec /29/16 EC ESM Sovereign Debt to Be Rated by Moody's 01/29/16 HR Money Supply M1 Level Dec m -- 01/31/16 14:00 FI Finnish Prime Minister's Monthly Radio Interview at YLE Source: Bloomberg SR: Sales Release, ER: Earnings Release

7 Monday 25 January Company Name Market Cap (bn ) Company TDate Type Time Type Period Estimate Event Description PORTUGAL Galp Energia SGPS SA 8.1 GALP PL Bef-mkt SR Q Q Sales and Revenue Release - Trading Update US Halliburton Co 25.8 HAL US C Bef-mkt ER Q Q Earnings Release US Kimberly-Clark Corp KMB US C Bef-mkt ER Q Q Earnings Release US McDonald's Corp MCD US C Bef-mkt ER Q Q Earnings Release US DR Horton Inc 10.2 DHI US C Bef-mkt ER Q Q Earnings Release US Zions Bancorporation 4.4 ZION US C Aft-mkt ER Q Q Earnings Release Tuesday 26 January Company Name Market Cap (bn ) Company TDate Type Time Type Period Estimate Event Description NETHERLANDS Koninklijke Philips NV 21.1 PHIA NA C 08:00 ER Y Y 2015 Earnings Release GERMANY Siemens AG 73.4 SIE GR C 08:00 ER Q Q Earnings Release BRITAIN easyjet PLC 6.5 EZJ LN 10:30 SR Q Q Sales and Revenue Call - Interim Management Statement BRITAIN Dixons Carphone PLC 5.4 DC/ LN 11:00 SR Q Q Sales and Revenue Call - Trading Update BRITAIN Intermediate Capital Group PLC 1.8 ICP LN SR Q Q Sales and Revenue Release - Interim Management Statement BRITAIN easyjet PLC 6.5 EZJ LN SR Q Q Sales and Revenue Release - Interim Management Statement BRITAIN Dixons Carphone PLC 5.4 DC/ LN SR Q Q Sales and Revenue Release - Trading Update US Corning Inc 20.2 GLW US C Bef-mkt ER Q Q Earnings Release US EI du Pont de Nemours & Co 48.0 DD US C Bef-mkt ER Q Q Earnings Release US Freeport-McMoRan Inc 4.6 FCX US C Bef-mkt ER Q Q Earnings Release US Procter & Gamble Co/The PG US C Bef-mkt ER Q Q Earnings Release US Lockheed Martin Corp 65.2 LMT US C Bef-mkt ER Q Q Earnings Release US Waters Corp 10.4 WAT US C Bef-mkt ER Q Q Earnings Release US Prologis Inc 20.2 PLD US C Bef-mkt ER Q Q Earnings Release US Coach Inc 9.0 COH US C Bef-mkt ER Q Q Earnings Release US Danaher Corp 58.5 DHR US C 13:00 ER Q Q Earnings Release US Johnson & Johnson JNJ US C 13:45 ER Q Q Earnings Release US Dover Corp 8.3 DOV US C 14:00 ER Q Q Earnings Release US WW Grainger Inc 11.8 GWW US C 14:30 ER Q Q Earnings Release US 3M Co 85.9 MMM US C 14:30 ER Q Q Earnings Release US Parker-Hannifin Corp 12.2 PH US C 14:30 ER Q Q Earnings Release US Stryker Corp 35.3 SYK US C 23:00 ER Q Q Earnings Release US Chubb Ltd 50.7 CB US C 23:05 ER Q Q Earnings Release US Capital One Financial Corp 32.5 COF US C 23:05 ER Q Q Earnings Release US CA Inc 11.7 CA US C Aft-mkt ER Q Q Earnings Release US AT&T Inc T US C Aft-mkt ER Q Q Earnings Release US Total System Services Inc 8.4 TSS US C Aft-mkt ER Q Q Earnings Release US Apple Inc AAPL US C Aft-mkt ER Q Q Earnings Release US Navient Corp 3.3 NAVI US C Aft-mkt ER Q Q Earnings Release Source: Bloomberg SR: Sales Release, ER: Earnings Release

8 Wednesday 27 January Company Name Market Cap (bn ) Company TDate Type Time Type Period Estimate Event Description SWEDEN Nordea Bank AB NDA SS C 08:00 ER Y Y 2015 Earnings Release SWEDEN Telefonaktiebolaget LM Ericsson265.1 ERICB SS C 08:30 ER Y Y 2015 Earnings Release FINLAND Wartsila OYJ Abp 7.5 WRT1V FHC 08:30 ER Y Y 2015 Earnings Release BRITAIN Aberdeen Asset Management PL3.0 ADN LN 10:00 SR Q Q Sales and Revenue Call - Trading Update BRITAIN Sage Group PLC/The 6.0 SGE LN 10:30 SR Q Q Sales and Revenue Call - Trading Update SPAIN Banco Santander SA 57.2 SAN SM C Bef-mkt ER Y Y 2015 Earnings Release SWITZERLAND STMicroelectronics NV 5.3 STM IM C Bef-mkt ER Y Y 2015 Earnings Release CHILE Antofagasta PLC 3.6 ANTO LN SR Q Q Sales and Revenue Release - Production Report BRITAIN Sage Group PLC/The 6.0 SGE LN SR Q Q Sales and Revenue Release - Trading Update BRITAIN Aberdeen Asset Management PL3.0 ADN LN SR Q Q Sales and Revenue Release - Trading Update SWITZERLAND Lonza Group AG 8.2 LONN VX C ER Y Y 2015 Earnings Release SWITZERLAND Novartis AG NOVN VX C ER Y Y 2015 Earnings Release BRITAIN Britvic PLC 1.8 BVIC LN SR Q Q Sales and Revenue Release - Interim Management Statement BRITAIN Fiat Chrysler Automobiles NV 9.4 FCAU US C ER Q Q Earnings Release US Hess Corp 11.0 HES US C Bef-mkt ER Q Q Earnings Release US Boeing Co/The 83.5 BA US C Bef-mkt ER Q Q Earnings Release US General Dynamics Corp 39.9 GD US C Bef-mkt ER Q Q Earnings Release US Progressive Corp/The 17.5 PGR US C Bef-mkt ER Q Q Earnings Release US Textron Inc 10.2 TXT US C Bef-mkt ER Q Q Earnings Release US United Technologies Corp 76.6 UTX US C Bef-mkt ER Q Q Earnings Release US Biogen Inc 59.9 BIIB US C Bef-mkt ER Q Q Earnings Release US State Street Corp 22.5 STT US C Bef-mkt ER Q Q Earnings Release US Rockwell Automation Inc 12.1 ROK US C Bef-mkt ER Q Q Earnings Release US Anthem Inc 36.9 ANTM US C 13:00 ER Q Q Earnings Release US EMC Corp/MA 47.4 EMC US C 14:00 ER Q Q Earnings Release US St Jude Medical Inc 15.5 STJ US C 14:15 ER Q Q Earnings Release US Illinois Tool Works Inc 29.9 ITW US C 15:00 ER Q Q Earnings Release US Norfolk Southern Corp 20.5 NSC US C 15:00 ER Q Q Earnings Release US McKesson Corp 39.2 MCK US C 23:00 ER Q Q Earnings Release US Citrix Systems Inc 10.4 CTXS US C 23:05 ER Q Q Earnings Release US Texas Instruments Inc 51.0 TXN US C 23:30 ER Q Q Earnings Release US Murphy Oil Corp 3.0 MUR US C Aft-mkt ER Q Q Earnings Release US Varian Medical Systems Inc 7.3 VAR US C Aft-mkt ER Q Q Earnings Release US Lam Research Corp 10.9 LRCX US C Aft-mkt ER Q Q Earnings Release US QUALCOMM Inc 71.9 QCOM US C Aft-mkt ER Q Q Earnings Release US Vertex Pharmaceuticals Inc 23.3 VRTX US C Aft-mkt ER Q Q Earnings Release US Tractor Supply Co 11.4 TSCO US C Aft-mkt ER Q Q Earnings Release US SanDisk Corp 13.5 SNDK US C Aft-mkt ER Q Q Earnings Release US SL Green Realty Corp 10.3 SLG US C Aft-mkt ER Q Q Earnings Release US United Rentals Inc 5.4 URI US C Aft-mkt ER Q Q Earnings Release US Crown Castle International Corp 27.2 CCI US C Aft-mkt ER Q Q Earnings Release US ebay Inc 31.7 EBAY US C Aft-mkt ER Q Q Earnings Release US Juniper Networks Inc 10.1 JNPR US C Aft-mkt ER Q Q Earnings Release US Ameriprise Financial Inc 16.2 AMP US C Aft-mkt ER Q Q Earnings Release US Facebook Inc FB US C Aft-mkt ER Q Q Earnings Release US Discover Financial Services 20.8 DFS US C Aft-mkt ER Q Q Earnings Release US PayPal Holdings Inc 38.7 PYPL US C Aft-mkt ER Q Q Earnings Release Source: Bloomberg SR: Sales Release, ER: Earnings Release

9 Thursday 28 January SWEDEN Intrum Justitia AB 19.4 IJ SS C 08:00 ER Y Y 2015 Earnings Release SWEDEN Tele2 AB 35.8 TEL2B SS C 08:00 ER Y Y 2015 Earnings Release SWEDEN Investor AB INVEB SS C 08:15 ER Y Y 2015 Earnings Release BRITAIN SSE PLC 13.8 SSE LN 09:00 SR 2016 Q Sales and Revenue Release - Trading Statement SWEDEN Electrolux AB 55.4 ELUXB SS C 09:00 ER Y Y 2015 Earnings Release SWEDEN Svenska Cellulosa AB SCA SCAB SS C 09:00 ER Y Y 2015 Earnings Release SWEDEN Hennes & Mauritz AB HMB SS C 09:00 ER Y Y 2015 Earnings Release BRITAIN Daily Mail & General Trust PLC 2.3 DMGT LN 10:00 SR Q Q Sales and Revenue Call - Trading Update SWITZERLAND Roche Holding AG ROG VX C Bef-mkt ER Y Y 2015 Earnings Release FINLAND Kone OYJ 19.9 KNEBV FH C 12:30 ER Y Y 2015 Earnings Release SWEDEN Atlas Copco AB ATCOA SS C 13:00 ER Y Y 2015 Earnings Release SWEDEN Getinge AB 46.9 GETIB SS C 14:00 ER Y Y 2015 Earnings Release FRANCE JCDecaux SA 7.0 DEC FP Aft-mkt SR Q Q Sales and Revenue Release BRITAIN Daily Mail & General Trust PLC 2.3 DMGT LN SR Q Q Sales and Revenue Release - Trading Update BRITAIN Diageo PLC 45.8 DGE LN C ER S S Earnings Release GERMANY Deutsche Bank AG 23.8 DBK GR C ER Y Y 2015 Earnings Release SWEDEN NCC AB 27.0 NCCA SS C ER Y Y 2015 Earnings Release BRITAIN RPC Group PLC 2.2 RPC LN SR Q Q Sales and Revenue Release - Interim Management Statement BRITAIN Firstgroup PLC 1.2 FGP LN SR Q Q Sales and Revenue Release - Trading Update BRITAIN Anglo American PLC 2.8 AAL LN SR Q Q Sales and Revenue Release - Production Report US Abbott Laboratories 59.7 ABT US C Bef-mkt ER Q Q Earnings Release US Airgas Inc 10.0 ARG US C Bef-mkt ER Q Q Earnings Release US American Electric Power Co Inc 28.7 AEP US C Bef-mkt ER Q Q Earnings Release US Baker Hughes Inc 18.3 BHI US C Bef-mkt ER Q Q Earnings Release US Ball Corp 9.4 BLL US C Bef-mkt ER Q Q Earnings Release US Bristol-Myers Squibb Co BMY US C Bef-mkt ER Q Q Earnings Release US Harley-Davidson Inc 7.8 HOG US C Bef-mkt ER Q Q Earnings Release US Helmerich & Payne Inc 5.1 HP US C Bef-mkt ER Q Q Earnings Release US Hershey Co/The 18.5 HSY US C Bef-mkt ER Q Q Earnings Release US Johnson Controls Inc 23.1 JCI US C Bef-mkt ER Q Q Earnings Release US Eli Lilly & Co 91.4 LLY US C Bef-mkt ER Q Q Earnings Release US Northrop Grumman Corp 33.6 NOC US C Bef-mkt ER Q Q Earnings Release US Nucor Corp 11.3 NUE US C Bef-mkt ER Q Q Earnings Release US PulteGroup Inc 5.8 PHM US C Bef-mkt ER Q Q Earnings Release US Raytheon Co 35.7 RTN US C Bef-mkt ER Q Q Earnings Release US Stanley Black & Decker Inc 14.1 SWK US C Bef-mkt ER Q Q Earnings Release US Thermo Fisher Scientific Inc 54.0 TMO US C Bef-mkt ER Q Q Earnings Release US McCormick & Co Inc/MD 10.5 MKC US C Bef-mkt ER Q Q Earnings Release US Celgene Corp 85.5 CELG US C Bef-mkt ER Q Q Earnings Release US AutoNation Inc 5.1 AN US C Bef-mkt ER Q Q Earnings Release US T Rowe Price Group Inc 16.9 TROW US C Bef-mkt ER Q Q Earnings Release US Quest Diagnostics Inc 9.5 DGX US C Bef-mkt ER Q Q Earnings Release US Valero Energy Corp 32.7 VLO US C Bef-mkt ER Q Q Earnings Release US L-3 Communications Holdings Inc8.7 LLL US C Bef-mkt ER Q Q Earnings Release US Alliance Data Systems Corp 15.2 ADS US C Bef-mkt ER Q Q Earnings Release US Time Warner Cable Inc 51.6 TWC US C Bef-mkt ER Q Q Earnings Release US Xcel Energy Inc 18.6 XEL US C Bef-mkt ER Q Q Earnings Release US HCA Holdings Inc 26.8 HCA US C Bef-mkt ER Q Q Earnings Release US Ford Motor Co 48.2 F US C 14:00 ER Q Q Earnings Release US Altria Group Inc MO US C 14:00 ER Q Q Earnings Release US Sherwin-Williams Co/The 23.3 SHW US C 14:00 ER Q Q Earnings Release US Invesco Ltd 12.5 IVZ US C 14:00 ER Q Q Earnings Release US Nasdaq Inc 9.5 NDAQ US C 14:00 ER Q Q Earnings Release US Under Armour Inc 15.3 UA US C 14:15 ER Q Q Earnings Release US Caterpillar Inc 35.5 CAT US C 14:30 ER Q Q Earnings Release US NextEra Energy Inc 49.1 NEE US C 14:30 ER Q Q Earnings Release US Zimmer Biomet Holdings Inc 20.2 ZBH US C 14:30 ER Q Q Earnings Release US Harman International Industries 5.6 HAR US C 15:00 ER Q Q Earnings Release US Eastman Chemical Co 9.3 EMN US C 23:30 ER Q Q Earnings Release US CR Bard Inc 13.5 BCR US C Aft-mkt ER Q Q Earnings Release US Western Digital Corp 10.4 WDC US C Aft-mkt ER Q Q Earnings Release US Amgen Inc AMGN US C Aft-mkt ER Q Q Earnings Release US KLA-Tencor Corp 10.1 KLAC US C Aft-mkt ER Q Q Earnings Release US Microsoft Corp MSFT US C Aft-mkt ER Q Q Earnings Release US Skyworks Solutions Inc 12.8 SWKS US C Aft-mkt ER Q Q Earnings Release US Electronic Arts Inc 21.6 EA US C Aft-mkt ER Q Q Earnings Release US Amazon.com Inc AMZN US C Aft-mkt ER Q Q Earnings Release US Visa Inc V US C Aft-mkt ER Q Q Earnings Release US WestRock Co 9.7 WRK US C Aft-mkt ER Q Q Earnings Release US Robert Half International Inc 5.8 RHI US E ER Q Q Earnings Release US Cameron International Corp 11.6 CAM US E ER Q Q Earnings Release US Broadcom Corp 32.9 BRCM US E ER Q Q Earnings Release US Hanesbrands Inc 11.5 HBI US E ER Q Q Earnings Release US Mead Johnson Nutrition Co 13.8 MJN US E ER Q Q Earnings Release Friday 29 January SWEDEN TeliaSonera AB TLSN SS C 08:00 ER Y Y 2015 Earnings Release AUSTRIA OMV AG 7.3 OMV AV 09:00 SR Q Q Sales and Revenue Release - Trading Statement BRITAIN Sky PLC 17.9 SKY LN C 09:00 ER S S Earnings Release SPAIN Banco de Sabadell SA 8.0 SAB SM C 09:00 ER Y Y 2015 Earnings Release SPAIN Banco Popular Espanol SA 5.1 POP SM C Bef-mkt ER Y Y 2015 Earnings Release ITALY Luxottica Group SpA 27.3 LUX IM SR Q Q Sales and Revenue Release SPAIN Zardoya Otis SA 4.2 ZOT SM E ER Y Y 2015 Earnings Release FINLAND Elisa OYJ 5.7 ELI1V FH C ER Y Y 2015 Earnings Release SPAIN CaixaBank SA 16.2 CABK SM C ER Y Y 2015 Earnings Release BRITAIN CNH Industrial NV 8.2 CNHI US C ER Q Q Earnings Release US Air Products & Chemicals Inc 25.6 APD US C Bef-mkt ER Q Q Earnings Release US Honeywell International Inc 75.4 HON US C Bef-mkt ER Q Q Earnings Release US American Airlines Group Inc 25.3 AAL US C Bef-mkt ER Q Q Earnings Release US Chevron Corp CVX US C Bef-mkt ER Q Q Earnings Release US Colgate-Palmolive Co 58.0 CL US C Bef-mkt ER Q Q Earnings Release US Newell Rubbermaid Inc 9.9 NWL US C Bef-mkt ER Q Q Earnings Release US Praxair Inc 27.9 PX US C Bef-mkt ER Q Q Earnings Release US Tyco International Plc 13.0 TYC US C Bef-mkt ER Q Q Earnings Release US PACCAR Inc 16.4 PCAR US C Bef-mkt ER Q Q Earnings Release US Simon Property Group Inc 58.0 SPG US C Bef-mkt ER Q Q Earnings Release US Seagate Technology PLC 8.4 STX US C Bef-mkt ER Q Q Earnings Release US MasterCard Inc 98.8 MA US C Bef-mkt ER Q Q Earnings Release US AbbVie Inc 96.2 ABBV US C Bef-mkt ER Q Q Earnings Release US Phillips PSX US C Bef-mkt ER Q Q Earnings Release US Whirlpool Corp 10.4 WHR US C 13:00 ER Q Q Earnings Release US CONSOL Energy Inc 1.4 CNX US C 13:45 ER Q Q Earnings Release US Xerox Corp 9.2 XRX US C 14:00 ER Q Q Earnings Release US Baxalta Inc 28.4 BXLT US E ER Q Q Earnings Release Source: Bloomberg SR: Sales Release, ER: Earnings Release