WORLD MSCI WORLD INDEX MARKET S -1.74 %▼ One stop-shop for market The Intelligent asset Alocator Black Sea & Eurasia watchers by William Bernstein Countries in the Spotlight See at a glance the weekly performance of A practical guide teaching you how to Politics, Economy, Capital Markets, the main indices of world stock markets build your portfolio to maximize Trade Balance, Opinion, Analysis, across five continents. p.2 &15 returns and minimize risk p. 5 News & Data p.10-11 NAGORNO-KARABAKH: At least 16 military GREECE: US Secretary of State Mike members and several civilians were killed on Sunday Pompeo visits Greece on Monday in the heaviest clashes between Armenia and Azerbai - (Sep.28) to discuss bilateral relations as UK: Anti-lockdown protests jan since 2016. well as recent tensions in the East Med. took place in London on Saturday with people chant - ing "Freedom!”. Similar protests were held in other European cities. An ICIJ InvestigationFinCEN Files RUSSIA: Speaking at a UN Security Council meeting on Thursday, Russian Foreign Minister Sergei Lavrov said that the coronavirus increased global tensions. NEW Banking Scandal About Dirty Money n ICIJ investigation reveals the role of global country’s unique position in the global economy, that re - banks in industrial-scale money laundering. porting goes well beyond U.S. borders. Britain-based A Leaked documents showed lenders transferred HSBC Holdings Plc, Standard Chartered Plc, and Barclays, more than $2 trillion in suspect funds over nearly two Germany's Deutsche Bank AG and Commerzbank AG PALESTINE: Rivaling par - decades.The files contain Suspicious Activity Reports CBKG.DE, and U.S.-headquartered JPMorgan Chase & ties Hamas and Fatah have (SARs) filed with the U.S. Department of Treasury’s Fi - Co and Bank of New York Mellon Corp were among the agreed to hold the first Pales - nancial Crimes Enforcement Network, or FinCen, between banks named in the report by the International Consortium tinian elections in nearly 15 1999 and 2017. FinCEN receives suspicious activity re - of Investigative Journalists (ICIJ) and based on leaked doc - years, officials from both ports only from banks operating in the U.S., but due to the uments obtained by BuzzFeed News. sides told AFP on Thursday. 2.P WORLD MARKETS DASHBOARD 4.99 % 1.75 % -0.63 % 1.11 % -2.74 % -1.31 % 1.35 % 1.57 % 4.93 % 0.82 % INDICES CAC40 DJIA S&P500 NASDAQ FTSE100 BOVESPA MERVAL IPC DAX TSXCOMP One stop-shop for Market Watchers ( pages 02 & 15 ) See at a glance the weekly performance of main indices of world stock markets. All figures refer to the performance during Sept.21- 25, 2020 (weekly % change). World Markets undertakes all reason - able efforts to ensure the data included in this section was correct at the time of publication. For corrections send an email at: [email protected] EUROPE 1. AUSTRIA ATX -5.59% 2. BELGIUM BEL20 -6.29% 3. BULGARIA SOFIX -0.56% 4. CROATIA CROBEX 0.41% 5. CYPRUS CYMAIN -5.76% 6. CZECH REPUBLIC PX -1.11% 7. DENMARK OMXC20 -0.75% 8. ESTONIA OMX TR -2.31% 9. FRANCE CAC40 -4.99% 10.GERMANY DAX -4.93% 11.GREECE ATHEX AGD 6.17% 12.HUNGARY BUX -4.94% 13.ITALY FTSE MIB -4.23% AMERICAS 14.LITHUANIA OMX V -2.42% 1. ARGENTINA: MERVAL 1.35% 15.NETHERLANDS AEX -1.80% 2. BRAZIL: BOVESPA -1.31% 16.NORWAY HEX -3.41% 3. CANADA:TSX COMP -0.82% 17.POLAND WIG20 -3.33% 4. CHILE: IPSA -3.77% 18PORTUGAL PSI20 -6.04% 19.ROMANIA BET -1.69% 5. COLOMBIA: COLCAP -2.92% 20.RUSSIA MOEX -1.86% 6. JAMAICA: JSE COMP 1.41% 21.SPAIN IBEX35 -4.35% 7. MEXICO:IPC 1.57% 22.SWEDEN OMXS30 -2.81% 8. PERU: S&P LIMA GENERAL -0.91% 23.SWITZERLAND SMI -3.06% 9. VENEZUELA IBC 0.52% 24.UK FTSE100 -2.76% 10.USA: S&P 500 -0.63% 11.USA: DJIA -1.75% 12.USA:NASDAQ 1.11% USA - New Jersey ( MEMX ) AUSTRIA - Vienna ( ATX ) Rival to NYSE,NASDAQ Launched ATX Wins Largest Romanian Broker The Members Exchange (MEMX), incumbent exchanges, went live Vienna Stock Exchange welcomed Exchange. The only publicly listed a new exchange group backed by trading seven symbols, including a new international trading mem - Romanian broker plays a key role Wall Street banks, electronic-trading Alphabet Inc, ber. BRK Financial Group (BRK) in the development of the local cap - firms and asset-management giant BlackBerry Ltd, and Exxon Mobil was admitted to trading as of Sep. ital market. Including BRK, a total BlackRock Inc, launched on Mon - Corp and plans to begin trading all 14. of 85 banks and investment firms day (Sep.21). The new bourse U.S. stocks on Sept. 29. Founded in Formed in 1994, Romania's leading are currently admitted to trading on which traders and analysts expect it January 2019, MEMX has raised retail broker is one of the founding the Vienna Stock Exchange (na - to be a formidable competitor to the more than $135 million since then. members of the Bucharest Stock tional: 27, international: 58). P.2 WORLD MARKETS WEEKLY IN FOCUS P. 3 Brent crude dropped almost 3% during the week while WTI fell 2.6%, the Oil,gold prices down third weekly loss. Gold tumbled 4.9% on the week, the steepest weekly decline since March 13. as worries mount Oil prices fell this week as concerns over fuel demand recovery mounted. Pressuring prices further were worries $ 41.86 $ 40.25 $1.866.3 about the resumption of exports from 25 /09 /2020 25/09 /2020 25 /09 /2020 Libya. On Sep. 22, Libya’s National Oil Corporation NOC announced the lifting of force majeure on crude load - ings. Gold also fell amid concerns about the world economic recovery. EUROPE from the Editor VIE W 1. AUSTRIA ATX -5.59% RED GREEN 2. BELGIUM BEL20 -6.29% 3. BULGARIA SOFIX -0.56% Market prices 4. CROATIA CROBEX 0.41% JOBS CASH 5. CYPRUS CYMAIN -5.76% in the terrible 6. CZECH REPUBLIC PX -1.11% 7. DENMARK OMXC20 -0.75% state of the 8. ESTONIA OMX TR -2.31% Some 77% of people dis - placed by conflicts have lost Thailand's cabinet on Tues - 9. FRANCE CAC40 -4.99% day approved cash handouts economy a job or revenue since the be - Danae Kyriakopoulou 10.GERMANY DAX -4.93% ginning of the coronavirus, a worth 51 billion baht ($1.6 orld stocks were mostly in a Chief economist OMFIF 11.GREECE ATHEX AGD 6.17% survey by the Norwegian billion) in a bid to boost do - sea of red this week as Refugee Council (NRC) mestic consumption. 12.HUNGARY BUX -4.94% W volatility remains high. showed on Monday. Govts drain 13.ITALY FTSE MIB -4.23% Market participants aren’t expect - 14.LITHUANIA OMX V -2.42% ing this turbulence to die down any REAL ESTATE $137 billion 15.NETHERLANDS AEX -1.80% time soon. Re-escalating tensions SILVER 16.NORWAY HEX -3.41% between the United States and China, elevated eco - from SWFs 17.POLAND WIG20 -3.33% overnments around the world nomic and political un - National Association of Real - tapped into sovereign wealth 18PORTUGAL PSI20 -6.04% certainty, The price of silver went down tors announced on Tuesday funds in the second quarter, 19.ROMANIA BET -1.69% unemployment levels, G by 3.25% to sell for $23.60 the existing home sales in the smashing the piggy banks for crisis Brexit concerns, the 20.RUSSIA MOEX -1.86% per ounce on Wednesday, its US grew 10.5% y-o-y in Au - money, according to the Global SWF reestablishment of re - 21.SPAIN IBEX35 -4.35% lowest levels since July 30 as gust, the highest level since study. Kyriaki strictions in some coun - 22.SWEDEN OMXS30 -2.81% the US dollar remainedstrong December 2006. The specialist research house found Balkoudi tries and the elusive US 23.SWITZERLAND SMI -3.06% Editor against major currencies. 24 governments covering “all six con - fiscal relief package con - tinents” drained a collective US$137 24.UK FTSE100 -2.76% tinued to feed the bears. AVIATION billion from sovereign wealth funds as Shocking economic data shows the PMI the crisis intensified. world’s largest economy has sunk, Sovereign investment vehicles housed and real inflation has shot up. On in Norway (NBIM) and Singapore Wednesday, Yelp released its latest The number of Chinese domes - (GIC) saw the largest nominal with - Economic Impact Report revealing The flash Eurozone Composite tic air travelers increased to a drawals – of US$37 billion and a flurry of business closures across Purchasing Managers’ Index yearly high in August as the US$36 billion, respectively. But “the the US: 163,735 businesses have (PMI), produced by IHS Markit, figure reached 45.5 million for situation is most critical in Emerging closed down since the beginning of pointed to a further slowdown in the month, official data re - Markets and including Africa and the Covid-19 and 60% of these growth momentum in Septem - vealed on Tuesday. The figure Latin America, where some funds business closures are permanent. ber. The index declined to 50.1 marked a jump of 16.5% com - may get exhausted altogether”, the re - “Each day from now until Novem - in September from 51.9 in Au - pared to July. port said. “Peru’s FEF and Colombia’s ber is going to get more and more gust, marking the softest reading FAEP, which have been around for concerning, and more and more in three months. 20+ years, may have their days num - decisive, and more and more diffi - INDUSTRY bered.” Danae Kyriakopoulou, chief cult,” Barry Diller, the former CEO economist at the OfficialMonetary DEBT and Financial Institutions Forum, said of Fox and Paramount Pictures told in the report that governments faced a CNBC this week and urged in - tricky balancing act with sovereign vestors to save cash.