EUREX：Market Closing Brief of this week

Summary of the Impacts of Releases11 February 2022 – 18 February 2022

Impact of Economic Releases

The major economic releases of this week include theCPI MoM, CPI YoY, Unemployment Ratefrom Germany and theUnited States, andGDP QoQ, GDP YoYfigures from the United Kingdom

Europe▪

European equities were in limbo this week as markets saw hair-trigger reactions over Russia’s movements in Ukraine’sterritory, with U.S President Joe Biden calling a ‘very high’ probability of invasion

▪Falling supplies from Russia and increasingtensions continue to keep gas priceselevated while energycostscontinued to climb; with the EU most reliant onRussia for its source of natural gas andan invasion could bringaboutsanctions, disrupting energy supplies

▪Heavily exposed to Russian gas, the DAX index fell 3.40% on Monday and experienced a weekly decline of 1.43%while EURO STOXX 50 slipped with a weekly decline of 2.00%; Sartorius led losses in the DAX index while DeliveryHero made a comeback from the bottommost to leading position with its 10.22% gain

▪The Dow Jones Industrial Average also edged lower by 1.80% on Thursday, making its worst session of 2022

▪Modest gains in the European indices were boosted by positive earnings from Airbus, Nestle, Kering among otherswhile sharp losses were driven by fears of Russia’s possible attack

▪Meanwhile on the data front, inflation rate in the U.K culminated to its new 30-year high at 5.5% in January, adding toupside inflation risks

▪Inflation worries continue to plague the Eurozone with the European Central Bank still facing mounting pressure toraise its rates on bank deposits; ECB chief economist Lane’s comments on Thursday underlined growing consensus ontightening of the eurozone’s monetary policy

▪While markets mainly took heed of the Russian-Ukraine tensions this week, investors can await more corporateearnings releases and economic data releases from Germany and Eurozone in the upcoming week.

U.S

.▪U.S. market extended a selloff on Thursday as investors sought havens including bonds and gold on geopolitical risksfrom the Ukraine standoff. The Dow Jones Industrial Average fell 1.8% in Thursday's stock market trading. The S&P500 index sank 2.1%. The Nasdaq composite tumbled 2.9%. The small-cap Russell 2000 slumped 2.6%

▪The 10-year Treasury yield fell 8 basis points to 1.97%. April gold futures rose 1.6% to $1,902 per ounce, thehighestprice since June. Investors rushed into U.S. Treasuries and gold as safe havens amid Russia fears

▪Aside the geopolitical news, the U.S. indices exhibit poor technical action, with risks growing that the majorindicesbreak below their January 24 lows, signalling a new leg downwards in the current market correction.

Price chart of EURO STOXX 50®IndexIndexdecreased -2.00%to 4113.19 points

Price chart of DAX IndexIndexdecreased -1.43%to 15,267.63 points

German Yield Curve

$EURO STOXX 50 Index - main 2203(FESXmain)$   $Micro EURO STOXX 50 - main 2203(FSXEmain)$   $EURO STOXX 50 Index - main 2203(FESXmain)$  $EURO STOXX 50 Index - main 2203(FESXmain)$