financial market environment

7/30/2019 Financial Market Environment

1/17


2/17

3,>

Ugc Io{auo` O``miouamd [~micyy

Ad o rc``hsdiuamdadb cimdml, io{auo` 'i~ceau! h`mrychhaiacdu` h~ml ugmyc rgm ys{{` io{auo` 'i~ceau! um ugmyc

rgm eclode au$ Ys{{`ac~y mh io{auo` 'i~ceau! adeaxaeso`y ode adyuausuamdy

raug cwicyy hsdey$ Ugcyc b~ms{y o~c yoxadb lmdcq ode`mmfadb hm~ o ~ouc mh ~cus~d md ugca~ adxcyulcdu$

Eclodec~y m~ syc~y mh io{auo` 'i~ceau! adeaxaeso`y odeadyuausuamdy rgm dcce um ~oayc hsdey um hadodic ugca~adxcyulcdu m{{m~usdauacy$ Ugcyc b~ms{y o~c ra``adb um{o o ~ouc mh ~cus~d md ugc io{auo` ugc nm~~mr$


3/17

3,9

Gmr ay io{auo` u~odyhc~~ce ncurccd yoxc~y

'Yi! ode nm~~mrc~y 'Ei!=

Ea~ciu u~odyhc~y yumify

ode nmdey, ycis~auacy Adxcyulcdu nodfadb gmsyc

Sdec~r~auadb

Hadodiao` aduc~lceao~acy

nodfy ode lsuso` hsdey


4/17

3,5

Rgou ay o lo~fcu=

O lo~fcu ay o xcdsc rgc~c bmmey ode yc~xaicy o~ccwigodbce$

O hadodiao` lo~fcu ay o {`oic rgc~c adeaxaeso`y ode

m~bodazouamdy roduadb um nm~~mr hsdey-io{auo` 'Ei!o~c n~msbgu umbcugc~ raug ugmyc goxadb o ys~{`sy mhhsdey 'Yi!$


5/17

3,3

c l{m~ odic m dodi o lo~ c y mcimdmlai b~mrug

Rc``hsdiuamdadb hadodiao` lo~fcuy hoia`auouc ugch`mr mh io{auo` h~ml adxcyum~y um ugc syc~y mh io{auo`$ Lo~fcuy {~mxaec yoxc~y raug ~cus~dy md ugca~ lmdc

yoxce-adxcyuce, rgaig {~mxaecy ugcl lmdc ad ugc hsus~c$ Lo~fcuy {~mxaec syc~y mh io{auo` raug ugc dcicyyo~ hsdey um

hadodic ugca~ adxcyulcdu {~mjciuy$

Rc``hsdiuamdadb lo~fcuy {~mlmuc cimdmlaib~mrug$

Cimdmlacy raug rc``ecxc`m{ce lo~fcuy {c~hm~lncuuc~ ugod cimdmlacy raug {mm~`hsdiuamdadblo~fcuy$


6/17

3,8

Rgou o~c ec~axouaxcy= Gmr iod ugc nc syce um~cesic m~ adi~coyc ~ayf=

O ec~axouaxc ycis~auqy xo`sc ay ec~axce h~ml ugc{~aic mh odmugc~ ycis~au 'c$b$, hsus~cy!$

Iod nc syce um gcebc m~ ~cesic ~ayf$ Hm~ cwol{`c,

od al{m~uc~, rgmyc {~mhau ho``y rgcd ugc em`ò~ `mycyxo`sc, imsè {s~igoyc is~~cdi hsus~cy ugou em rc``rgcd ugc em`ò~ rcofcdy$

O`ym, y{cisòum~y iod syc ec~axouaxcy um ncu md ugc

ea~ciuamd mh hsus~c yumif {~aicy, aduc~cyu ~oucy,cwigodbc ~oucy, ode imllmeau {~aicy$ Ad lodioycy, ugcyc u~odyoiuamdy {~mesic gabg ~cus~dy ah msbscyy ~abgu, nsu ò~bc `myycy ah ms bscyy r~mdb$Gc~c, ec~axouaxcy iod adi~coyc ~ayf$


7/17

3,2

[gyaio` `miouamd yumif cwigodbcy xy$

C`ciu~mdai eco`c~noyce lo~fcuy

Osiuamd lo~fcu ou o {gyaio``miouamd 'DQYC! xy$C`ciu~mdai Eco`c~ lo~fcu'DOYEO_!

DQYC: 9;;; iml{odacy

DOYEO_: >;;; iml{odacy Eahhc~cdicy o~c do~~mradb:

Eoa` xm`slc ay cqso`


8/17

3,7

Yumif Lo~fcu U~odyoiuamdy

O{{`c Iml{suc~ eciaecy um ayysc oeeauamdo` yumifraug ugc oyyayuodic mh auy adxcyulcdu nodfc~$ Odadxcyum~ {s~igoycy ymlc mh ugc dcr` ayysce ygo~cy$

Ay ugay o {~alo~ lo~fcu u~odyoiuamd m~ o ycimdeo~lo~fcu u~odyoiuamd= Yadic dcr ygo~cy mh yumif o~c ncadb ayysce, ugay ay o

{~alo~q lo~fcu u~odyoiuamd$

Rgou ah adyucoe od adxcyum~ nsy cwayuadb ygo~cy mh

O{{`c yumif ad ugc m{cd lo~fcu ay ugay o {~alo~m~ ycimdeo~ lo~fcu u~odyoiuamd= Yadic dm dcr ygo~cy o~c i~couce, ugay ay o ycimdeo~q

lo~fcu u~odyoiuamd$


9/17

3,?;

Rgou ay od A[M=

Od adauao` {snài mhhc~adb 'A[M! ay rgc~c oiml{od ayyscy yumif ad ugc {snài lo~fcuhm~ ugc ha~yu ualc 'c$b$ Bmmb`c ad >;;5!$

Bmadb {snài cdon`cy o iml{odqy mrdc~yum ~oayc io{auo` h~ml o raec xo~acu mh msuyaecadxcyum~y$ Mdic ayysce, ugc yumif u~oecy adugc ycimdeo~ lo~fcu 'DQYC!$

[snài iml{odacy o~c ysnjciu um oeeauamdo`~cbsòuamdy ode ~c{m~uadb ~cqsa~clcduy$


10/17

3,??

Io{ Boady Qè$ ode Eax Qacè

Qms ns o yumif umeo hm~ %3;

Ad mdc co~, ms ~cicaxc EAX < %?

Yumif yc``y hm~ %33 ad mdc co~

Eax Qacè '#! < %? - %3; < >#

Io{ Boad Qacè '#! < %3 Boad - %3; < ?;# Umuo` ^cus~d < ># & ?;# < ?>#


11/17

3,?>

G{mugcyay 'CLG!=

Ycis~auacy o~c dm~lo`` ad cqsa`an~asl ode o~choa~`q {~aice$

Adxcyum~y ioddmu ncou ugc lo~fcu cwic{u

ug~msbg bmme `sif m~ ncuuc~ adhm~louamd$ @cxc`y mh lo~fcu chhaiacdi Rcofhm~l chhaiacdi

Yclayu~mdbhm~l chhaiacdi

Yu~mdbhm~l chhaiacdi


12/17

3,?9

Rcofhm~l chhaiacdi

Iodu {~mhau nq `mmfadb ou {oyu u~cdey$ O ~cicdueci`adc ay dm ~coymd um ugadf yumify ra`` bm s{

'm~ emrd! ad ugc hsus~c$ Yumify hm``mr o ~odemlro`f$

Cxaecdic ys{{m~uy rcofhm~l CLG, nsuucigdaio` odo`qyay ay yua`` syce nq igo~uayuy$


13/17

3,?5

Yclayu~mdbhm~l chhaiacdi

O`` {sn`ai` oxoa`on`c adhm~louamd ay ~ch`ciucead yumif {~aicy, ym au emcydu {oq um mxc~

odo`zc oddso` ~c{m~uy `mmfadb hm~sdec~xo`sce yumify$

@o~bc` u~sc, nsu ys{c~am~ odo`yuy iod yua``{~mhau n hadeadb ode syadb dcr adhm~louamd$


14/17

3,?3

Yu~mdbhm~l chhaiacdi

O`` adhm~louamd, cxcd adyaec adhm~louamd, ayclnceece ad yumif {~aicy$

Bcdc~o`` imdyaec~ce um nc dmu u~scadyaec~y iod boad n u~oeadb md ugc noyay mhadyaec~ adhm~louamd, nsu ugouy a``cbo`$


15/17

3,?8

Al{`aiouamdy mh lo~fcu chhaiacdi

Qms gco~ ad ugc dcry ugou o lceaio` ~cyco~igiml{od ~cicaxce HEO o{{~mxo` hm~ mdc mh auy{~mesiuy$ Ah ugc lo~fcu ay yclayu~mdb chhaiacdu,

iod ms cw{ciu um uofc oexoduobc mh ugayadhm~louamd n {s~igoyadb ugc yumif=

Dm ah ugc lo~fcu ay yclayu~mdb chhaiacdu, ugayadhm~louamd ra`` o`~coe goxc nccd adim~{m~ouce adum ugc

iml{odqy yumif {~aic$ Ym, auy {~mnon`q umm `ouc


16/17

3,?2

Al{àiouamdy mh lo~fcu chhaiacdi

O ylo`` adxcyum~ goy nccd ~coeadb onmsu o gmu A[M ugou ayyigces`ce um bm {snài òuc~ ugay rccf$ Ygc roduy um ns oylod ygo~cy oy ygc iod bcu gc~ godey md, ode ay {òddadbmd nsadb o `mu mh ygo~cy ugc ha~yu eo mdic ugc yumif ncbady

u~oeadb$ Rmsè ms oexayc gc~ um em ugay= [~mnon` dmu$ Ugc `mdb~sd u~oif ~cim~e mh gmu A[My ay dmu ugou b~cou,

sd`cyy ms o~c on`c um bcu ad md ugc b~msde h`mm~ ode ~cicaxc odo``miouamd mh ygo~cy nchm~c ugc yumif ncbady u~oeadb$ Au ay syso`` go~ehm~ ylo`` adxcyum~y um ~cicaxc ygo~cy mh gmu A[My nchm~c ugc yumif

ncbady u~oeadb$


17/17

3,?7

Imdi`syamdy onmsu lo~fcu chhaiacdi

Cl{a~aio` yuseacy ysbbcyu ugc yumif lo~fcu ay: Gabg` chhaiacdu ad ugc rcof hm~l$ ^coymdon` chhaiacdu ad ugc yclayu~mdb hm~l$

Dmu chhaiacdu ad ugc yu~mdb hm~l$ Adyaec~y goxcloec ondm~lo` 'ode ymlcualcy a``cbo`! {~mhauy$

financial market environment

Documents