TETT MAKROAGENDA, DEMPET OLJE TGS, SBX, PGS, DOLP, PLCS & VARDIA

ANALYSE Aksjemarkedet i dag TETT MAKROAGENDA, DEMPET OLJE TGS, SBX, PGS, DOLP, PLCS & VARDIA Etter en negativ start på det amerikanske aksjemarkedet i går var ikke noe bedre resultatrapporter fra detaljistene enn ventet eller et uinspirerende referat fra forrige rentemøte i sentralbanken tilstrekkelig til skyve indeksene over i positivt terreng. Dow endte like under utgangspunktet, mens S&P500 var ned med 0.2% og Nasdaq sluttet ned 0.6%. Volumet på de tre hovedindeksene kom inn på fortsatt moderate 84-87% av gjennomsnittet for de siste tre måneder. I Asia er retning mer forsiktig positiv igjen etter at gårsdagen var preget av en konsolidering etter noen dager med relativt store bevegelser. Nikkei ligger i øyeblikket opp 0.1%. En ytterligere svekkelse av Yen-kursen mot USD trekker i positiv retning mens en foreløpig oppdatering av den kinesiske innkjøpsindeksen ligger i underkant av forventningene og demper en oppgang. Innledningen av uken har vært roligere når det gjelder makrotall, men takten tar seg opp i dag. I Europa får vi innkjøpssjefsindekser fra både Eurosonen samlet, samt fra Frankrike og Tyskland. I det norske markedet vil også oppdaterte tall for BNP-veksten i Q3 kunne skape overskrifter. Senere i formiddag kommer så europeiske tall for forbrukertilliten. Fra USA får vi så etterhvert de ukentlige arbeidsmarkedstallene, innkjøpssjefsindeksen for industrien, målingen av industriaktiviteten i Philadelphia-området og oppdaterte tall for salget av brukte boliger i oktober. Oljeprisen reagerte i første omgang med et skuldertrekk på at de amerikanske lagertallene for forrige uke viste en større økning i råoljebeholdningene enn ventet. Både lagerbeholdningene ved Cushing og den implisitte etterspørselen trakk i motsatt retning og WTI-prisen endte dermed opp USD 0.02 pr fat til USD 74.49 pr fat. Brent åpner i dag på USD 78.06 pr fat, ned USD 0.88 pr fat i forhold til nivået på ved stengetid i det norske markedet i går. Seismikkselskapet CGG skal ha avvist et oppkjøpstilbud fra Technip som for lavt og aksjen steg med rundt 24% i handel etter børs i USA i går. Dersom nyhetene stemmer er det naturlig at Technip nå har gått i tenkeboksen for å revurdere budet. Samtidig vil andre aktører i bransjen også gjøre vurderinger av hvilket nivå et bud bør ligge på. Begge disse selskapene har den franske staten som en betydelig aksjonær. Et poeng i denne forbindelse er i tillegg at CGG har en historikk med relativ aggressiv prising, og en eventuell styrket finansiell posisjon vil kunne gjøre selskapet mindre villig til å legge seg lavt i anbudskonkurransene. Dagens melding om en avtale mellom TGS Nopec og Seabird bidrar til å trekke ytterligere oppmerksomhet mot sektoren og vi venter en positiv reaksjon i forholdet til markedet for øvrig ved åpning. Før eventuelle justeringer har vi en Holdanbefaling på PGS, Dolphin og Polarcus med kursmål på henholdsvis NOK 40 pr aksje, NOK 3 pr aksje og NOK 1 pr aksje, mens vi har salgsanbefalinger på TGS med et kursmål på henholdsvis NOK 140 pr aksje. Vardia rapporterte en inntjening og et skadeerstatningsnivå for Q3 på linje med våre forventninger. En lavere vekst i bruttopremier enn ventet gjør imidlertid at vi justerer ned estimert inntjening fra 2016 og kursmålet justeres tilsvarende fra NOK 35 til NOK 32 pr aksje. På basis av kursmålet opprettholdes en kjøpsanbefaling. Selskap Tidspunkt Konsensus GasLog Før markedet 0.22 Best Buy Før markedet 0.25 The Gap Etter markedet 0.73 Land Nøkkeltall Frankrike Innkjøpssjefsindeks 09.00 48.8 Tyskland Innkjøpssjefsindeks 09.30 51.5 EU Innkjøpssjefsindeks 10.00 50.8 Norge BNP Q3 10.00 0.5% UK Detaljhandel 10.30 3.8% EU Forbrukertillit 16.00-10.7 USA Innkjøpssjefsindeks 15.45 56.3 Våre anbefalte aksjer: - NHY - HLNG - OPERA - TIL - MHG - LSG - DETNOR YTD DNB: + 32% YTD OSE: + 8% Internasjonale børser Siste Endr. % Dow Jones 17,686-2 -0.01 S&P 500 2,049-3 -0.15 NASDAQ 4,676-27 -0.57 Nikkei 225 17,329 41 0.23 Euro 500 231-0 -0.04 Danmark-KFX 746 4 0.54 Finland-HEX 7,622-27 -0.36 Norge-OSEBX 602 1 0.24 Sverige-SAX 460-1 -0.27 Valuta/råvarer Siste I går Endr. % EUR/USD 1.255 1.255-0.06 USD/JPY 118.6 118.0-0.57 USD/NOK 6.788 6.787 0.00 EUR/NOK 8.516 8.519 0.04 Siste Endr. Endr. % CRB indeks 266-1.02-0.38 Brent sp. ($/bbl) 76.7-0.18-0.23 Brent 1m ($/bbl) 78.2-0.26-0.33 Alum. 3m ($/ton) 2,020.0-9.00-0.44 US Nat.gass 4.4 0.17 4.06 Renter Siste I går Endr. USA 10år 2.347 2.315 0.03 Tyskl. 10år 0.848 0.802 0.05 Norge 10år 2.031 2.031 0.00 USA 3m 0.232 0.232 0.00 Euro 3m 0.081 0.080 0.00 Norge 3m 1.680 1.700-0.02 DNB Markets følger markedet konstant og nå kan du følge oss på Twitter. Slik gjør vi det enda lettere for deg å forstå hva som skjer. Sjekk oss ut på twitter.com/dnbmarkets ANALYSTS Ole-Andreas Krohn Ole-Andreas.krohn@dnb.no TLF: 08940 Please see the last page for important information

DNB Markets Sentrale US-INDekser SENTRALE US-INDEKSER Endring Endring Endring Endring Gj.snittlig Siste i poeng 1 dag (%) 1 mnd.(%) hittil i år(%) est. P/E Dow Jones Industrial 17,686-2.09-0.01 7.84 6.69 15.77 S&P 500 2,049-3.08-0.15 7.60 10.84 18.11 Nasdaq Composite 4,676-26.73-0.57 8.33 11.95 74.38 Russel 2000 1,158-12.60-1.08 5.73-0.51 51.31 Amex naturgass-indeks (XNG) 832 10.07 1.23 4.02 1.79 22.99 Amex Oil Service Indeks 241-0.09-0.04-1.25-14.41 14.04 Philadelphia-børsens oljeproduksjon-indeks (XOI) 1,441 5.91 0.41 1.37-4.13 12.40 Amex farmasi-indeks (DRG) 544-0.95-0.17 8.74 16.29 22.52 Nasdaq biotech-indeks 3,077-9.65-0.31 9.10 29.86 153.80 Philadelphia-børsens halvleder-indeks (SOX) 650-4.59-0.70 11.30 21.52 21.82 S&P 500 Paper & Forest Index ( PAFO) 234-2.84-1.20 12.26 12.38 0.00 NORDISKE AKSJER I USA Sluttkurs USA Endr.1 dag Volum USA Sluttkurs USA, Sluttkurs Forskjell sluttkurs (USD) (USD) hjemlig valuta hjemme USA/hjemlig Norge Frontline 1.30-0.02 506,675 8.82 8.85-0.03 Royal Caribbean Cruises 70.06 1.52 1,738,617 475.57 477.00-1.43 Questerre (CAD) 0.60-0.01 24,040 3.59 3.61-0.02 Statoil 22.07 0.25 1,170,785 149.81 149.40 0.41 Yara 47.50 0.67 6,210 322.43 322.70-0.27 Sverige AstraZeneca 75.38 1.40 2,174,598 557.13 551.00 6.13 Finland (EUR) Nokia 7.74 0.07 10,846,988 6.17 6.20-0.03 Danmark Novo Nordisk B 44.74 1.14 1,641,239 265.44 264.50 0.94 SAMMENLIGNBARE SELSKAPER (PEERS) BEST -1d% Peer SVAKEST -1d% Peer Furniture Brands Intern #N/A N/A EKO D/S Torm -5.3 ODF Dell Inc #N/A N/A KOM Geophysique (Cie Gle D -4.3 PGS Overseas Shipholding G#N/A N/A FRO Tsakos Energy -3.7 FRO La Z Boy Chair Co 6.2 EKO Nokia -3.4 ELT Efore 4.0 ELT Exmar -3.3 GOL Furniture Brands Intern #N/A N/A EKO Saipem -2.9 BWO SBM Offshore 2.0 BWO Telefonica -2.9 TEL Ethan Allen Interiors 1.9 EKO Alcoa inc -2.7 NHY AstraZeneca 1.7 ASD Industrie Natuzzi -2.7 EKO Air France 1.6 SASNOK BHP -2.7 NHY RÅVARER & SHIPPING Siste I går Endr. %1D 1W 1M 3M YTD 12M 52W H 52W L CRB indeks 266.4 266.4 0.6 0.22-3 -4.7-21.9-13.8-6.9 313.3 264.3 GS råvare indeks 4,009 4,009-7.3-0.2% 15-174 -672-820 -683 5,214 3,962 Oil Brent Spot 76.67 76.60 0.07 0.09 0-7.61-23.67-34.15-31.65 Brent olje 1m 78.21 78.10 0.11 0.14 0-7.19-24.07-32.59-29.85 115.71 76.76 Brent olje 3m 79.28 79.13 0.15 0.19 1-7.05-24.15-30.99-27.85 114.44 77.95 WTI olje 1m 74.60 74.58 0.02 0.05 0-8.11-21.47-23.82-18.73 107.73 73.25 Flybensin 761.25 761.25-0.75-0.10-48 -51.50-169.00-262.00-219.00 Naturgass US Henry Hub 4.39 4.39 0.08 1.74 0 0.67 0.55 0.05 0.79 Fyringsolje 236.6 235.9 0.7 0.3 0-12 - 46.0-71.2-58.9 337.0 234.8 Metals Aluminium 3m 2,020 2,020 9 0.4-40 48-19 220 226 2,120 1,671 Nikkel 16,145 16,145 495 3.2 535 445-2,405 2,245 2,515 21,625 13,274 Kopper 6,685 6,685 54 0.8 5 46-183 -675-285 7,460 6,321 Gull 1,182 1,183-1 - 0.1 19-65 -110-24 -63 1,392 1,131 Shipping WS AG - Japan, 250 dwt 48 0 0 0-5 3-5 -10-15 WS AG - USG, 250 dwt 28 28 0 0-3 5-3 -8-10 Containerships index 0 0 0.0 0.0% - 0 0 0 0 0 Baltic dry index 1,306 1,306 10.0 0.77-21 333 245-971 -221 2,337 0 723 2

DNB Markets US-INTRADAG REBASERT US-INTRADAG REBASERT 104 103 102 101 100 99 98 97 96 95 OSX (Oljeservice) XOI (Oljeproduksjon) Oljepris (WTI) S&P500 Olje / Indekser Endring USA Endring Endring Endring close/close US-open/Oslo-close Oslo-close/US-close US-close/this morning WTI - -0.37 % 0.41 % 0.05 % Oljeservice -0.04 % -0.81 % 0.41 % Oljeproduksjon 0.41 % -0.04 % 0.35 %. Kilde: Bloomberg/DNB Markets 3

DNB Markets S&P 500-indekser på bransjenivå S&P 500-INDEKSER PÅ BRANSJENIVÅ Endring Endring Endring Endring Endring Gj.snittlig 1 dag 1 mnd. 3 mnd. 1 år hittil i år est. P/E Drikkevarer 0.8% 4.7% 7.0% 18.1% 16.6% 21.7 Olje og gass 0.8% 3.9% -9.2% 0.2% -3.0% 14.1 Husholdningsartikler 0.7% 5.9% 7.4% 5.5% 8.8% 20.7 Fritidsutstyr 0.4% 3.1% -4.7% -20.7% -24.3% 16.5 Matvarer 0.4% 9.1% 6.4% 16.2% 11.8% 19.9 Legemiddelindustri og bioteknologi 0.3% 7.6% 7.1% 19.8% 18.4% 18.2 Kjemikalier 0.2% 5.8% 0.0% 15.8% 10.1% 18.3 Forsikring 0.2% 7.8% 2.8% 7.5% 3.8% 11.6 Kraft 0.1% 3.8% 8.6% 19.8% 21.1% 16.7 Media -0.1% 4.9% -1.8% 15.2% 5.6% 18.1 Elektronisk utstyr og instrumenter -0.1% 12.1% -1.2% 19.3% 13.6% 16.0 Bank -0.1% 7.5% 5.8% 14.9% 10.1% 12.2 Elektrisk utstyr -0.2% 6.0% -3.2% -2.6% -8.6% 16.1 Bildeler -0.2% 16.5% -0.4% 11.7% 4.3% 13.6 Hotell og restaurant -0.2% 5.5% 1.2% 5.7% 2.7% 22.7 Bioteknologi -0.3% 8.1% 8.8% 41.6% 33.3% 20.5 Industrielle konglomerater -0.4% 9.7% 4.4% 6.2% 1.2% 17.9 Energi og relatert utstyr -0.4% -0.1% -18.3% -5.9% -4.0% 13.2 Internett programvare og -tjenester -0.4% 3.5% -2.9% 15.8% 6.0% 24.8 Farmasi -0.5% 11.9% 9.3% 21.1% 20.5% 18.7 Maskiner -0.7% 9.8% -0.7% 13.3% 4.6% 16.8 Bygg og anlegg -0.7% 4.9% -10.2% -9.8% -14.7% 15.3 Datamaskiner og tilbehør -0.8% 14.3% 11.3% 50.4% 38.0% 14.2 Helseartikler -0.9% 9.7% 7.8% 22.6% 20.8% 19.0 Luftfart -0.9% 21.7% 15.4% 80.4% 78.5% 15.9 Programvare -0.9% 9.6% 4.9% 25.3% 20.0% 18.3 Kommunikasjonsutstyr -0.9% 6.3% 0.0% 12.0% 5.9% 13.6 Diversifiserte telekomtjenester -1.1% 3.9% 2.7% 2.3% 3.7% 14.8 Papir- og skogprodukter -1.2% 12.3% 15.4% 21.8% 12.4% 16.2 Metall -1.6% -3.1% -15.0% -5.7% -8.0% 18.2 MSCI EUROPA PÅ BRANSJENIVÅ Endring Endring Endring Endring Endring Gj.snittlig 1 dag 1 mnd. 3 mnd. 1 år hittil i år est. P/E Forsyningsselskaper 0.4% 5.2% 0.3% 13.5% 13.7% 15.02 Forbruksvarer og klær 0.3% 9.7% 3.4% -3.6% -1.9% 18.59 Forsikring 0.3% 9.4% 5.6% 10.1% 6.2% 11.07 Husholdningsvarer og personlige produkter 0.2% 6.4% 2.6% 4.2% 2.9% 20.73 Telekommunikasjon og tjenester 0.2% 14.5% 8.7% 8.4% 5.8% 19.21 Mat- og apotekhandel 0.2% 10.1% -7.9% -21.7% -19.8% 13.94 Programvare og tjenester 0.0% 9.7% -2.2% -1.9% -6.6% 16.91 Media 0.0% 8.5% 4.4% 6.6% 3.1% 18.25 Drikkevarer, mat og tobakk 0.0% 7.4% 4.3% 9.8% 11.8% 19.63 Biler og komponenter 0.0% 8.0% -1.1% -0.2% -3.1% 9.82 Hotell-, underholdnings- og restaurantvirksomhet 0.0% 9.5% 7.7% 21.2% 12.8% 19.73 Banker -0.1% 2.2% -0.1% 2.4% -0.2% 12.92 Helsevern - utstyr og tjenester -0.1% 9.4% 8.9% 17.8% 12.8% 22.72 Eiendomsselskaper -0.1% 7.8% 2.8% 14.8% 15.6% 20.27 Transport -0.2% 7.8% 0.2% 8.4% 1.7% 15.65 Kapitalvarer -0.2% 8.3% -0.5% -2.3% -4.7% 16.13 Finansieringsselskaper -0.2% 8.3% 2.8% 1.9% -3.1% 15.07 Energi -0.3% 3.8% -9.8% -4.2% -4.3% 11.03 Materialer -0.5% 4.3% -6.0% -2.3% -2.3% 14.91 Detaljhandel -0.6% 9.3% 3.2% 0.3% -2.4% 20.82 Kommersielle tjenester og leveranser -0.7% 5.6% -3.1% -3.3% -4.8% 17.69 Teknologisk utstyr -1.5% 9.0% 3.3% 3.9% 5.3% 24.03 4

DNB Markets Renter & Valuta DOW 30 Kurs Endring Endring Endring siste 1 dag 1 mnd 1 år COCA-COLA CO/THE 44.22 1.6% 2.1% 10.4% WAL-MART STORES INC 84.99 1.4% 13.1% 7.7% PROCTER & GAMBLE CO/THE 88.73 0.9% 5.4% 4.8% CHEVRON CORP 116.47 0.9% 4.5% -4.5% EXXON MOBIL CORP 95.61 0.8% 4.2% 1.0% HOME DEPOT INC 96.70 0.8% 5.3% 21.3% BOEING CO/THE 131.61 0.7% 5.9% -0.6% NIKE INC -CL B 96.95 0.5% 9.1% 24.6% TRAVELERS COS INC/THE 103.03 0.2% 10.5% 17.2% MCDONALD'S CORP 96.56 0.2% 5.4% -1.0% DU PONT (E.I.) DE NEMOURS 71.25 0.1% 5.1% 17.2% JPMORGAN CHASE & CO 60.60 0.1% 7.0% 8.0% VISA INC-CLASS A SHARES 249.86 0.1% 20.2% 26.1% CISCO SYSTEMS INC 26.59 0.0% 16.0% 25.2% JOHNSON & JOHNSON 108.76-0.1% 9.6% 14.3% AMERICAN EXPRESS CO 90.50-0.1% 7.7% 10.0% UNITED TECHNOLOGIES CORP 108.66-0.1% 7.1% -0.2% GOLDMAN SACHS GROUP INC 189.19-0.2% 6.4% 14.7% INTL BUSINESS MACHINES CO 161.43-0.3% -4.5% -12.8% GENERAL ELECTRIC CO 26.92-0.3% 7.6% -0.1% MERCK & CO. INC. 59.64-0.4% 10.3% 23.9% PFIZER INC 30.44-0.5% 9.0% -4.6% WALT DISNEY CO/THE 89.82-0.5% 5.0% 29.7% CATERPILLAR INC 101.30-0.7% 7.7% 22.5% 3M CO 158.83-0.8% 15.4% 23.0% AT&T INC 35.37-1.0% 3.2% -0.1% INTEL CORP 34.35-1.0% 8.8% 39.9% MICROSOFT CORP 48.22-1.1% 9.4% 30.1% UNITEDHEALTH GROUP INC 96.86-1.4% 9.4% 34.6% VERIZON COMMUNICATIONS IN 50.49-1.4% 4.1% 0.2% S&P 500-30 fra toppen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år MACERICH CO/THE 76.58 9.6 % 14.5 % 33.5 % STAPLES INC 13.92 9.1 % 13.2 % -7.8 % TARGET CORP 72.50 7.4 % 20.3 % 9.0 % LOWE'S COS INC 62.26 6.4 % 16.4 % 31.5 % PETSMART INC 78.19 6.2 % 15.6 % 6.3 % THERMO FISHER SCIENTIFIC IN 124.67 3.5 % 9.0 % 23.4 % URBAN OUTFITTERS INC 29.53 2.6 % -2.2 % -24.3 % EQT CORP 95.94 2.5 % 15.5 % 12.9 % PHILLIPS 66 75.77 2.4 % 4.7 % 13.0 % AIR PRODUCTS & CHEMICALS 142.14 2.3 % 9.4 % 29.7 % CABOT OIL & GAS CORP 34.04 2.3 % 10.4 % -0.1 % MOHAWK INDUSTRIES INC 145.96 2.3 % 12.3 % 4.7 % MARATHON OIL CORP 32.77 2.2 % -4.3 % -12.1 % TESORO CORP 74.57 2.2 % 14.0 % 35.5 % RANGE RESOURCES CORP 73.00 2.2 % 10.1 % -5.9 % FRONTIER COMMUNICATIONS 7.00 2.0 % 13.8 % 44.6 % BEST BUY CO INC 35.54 1.8 % 10.4 % -8.2 % MOSAIC CO/THE 47.60 1.8 % 13.9 % 0.6 % RALPH LAUREN CORP 179.66 1.8 % 14.3 % 4.5 % TRIPADVISOR INC 71.40 1.7 % -14.5 % -18.1 % SOUTHWESTERN ENERGY CO 33.58 1.6 % 4.4 % -11.4 % UNDER ARMOUR INC-CLASS A 70.48 1.6 % 8.2 % 78.2 % COCA-COLA CO/THE 44.22 1.6 % 2.1 % 10.4 % VERTEX PHARMACEUTICALS 112.80 1.6 % 7.7 % 73.2 % CBS CORP-CLASS B NON VOT 53.34 1.5 % -0.2 % -8.4 % WHIRLPOOL CORP 179.89 1.5 % 17.4 % 23.5 % WAL-MART STORES INC 84.99 1.4 % 13.1 % 7.7 % ELECTRONIC ARTS INC 43.45 1.3 % 24.4 % 88.9 % KINDER MORGAN INC 40.94 1.3% 9.0% 16.0% S&P 500-30 fra bunnen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år AVON PRODUCTS INC 9.43-4.7 % -18.2 % -45.0 % NETFLIX INC 363.10-4.7 % 1.1 % 6.9 % BOSTON SCIENTIFIC CORP 13.09-4.3 % 12.7 % 9.4 % PEABODY ENERGY CORP 10.79-4.2 % 3.2 % -43.8 % NEWMONT MINING CORP 19.11-4.0 % -16.4 % -27.6 % DENBURY RESOURCES INC 9.69-3.2 % -22.4 % -43.0 % MALLINCKRODT PLC 85.98-3.2 % -1.3 % 71.7 % TENET HEALTHCARE CORP 47.71-2.9 % -15.5 % 15.7 % JOY GLOBAL INC 52.25-2.8 % 2.2 % -5.5 % ALCOA INC 16.69-2.7 % 6.4 % 84.4 % WELLPOINT INC 125.82-2.5 % 8.3 % 35.6 % GENWORTH FINANCIAL INC-CL 9.13-2.5 % -28.5 % -38.5 % AVAGO TECHNOLOGIES LTD 89.25-2.4 % 14.4 % 109.0 % SALESFORCE.COM INC 61.02-2.3 % 8.9 % 13.8 % QUANTA SERVICES INC 32.61-2.3 % 3.7 % 11.4 % XYLEM INC 37.34-2.3 % 10.8 % 8.9 % YAHOO! INC 50.58-2.3 % 28.8 % 42.0 % QUALCOMM INC 70.47-2.1 % -3.8 % -0.8 % VERISIGN INC 59.38-2.0 % 7.6 % 7.4 % KEURIG GREEN MOUNTAIN INC 153.95-2.0 % 7.6 % 149.0 % MICROCHIP TECHNOLOGY INC 43.15-2.0 % 10.3 % 0.9 % HUMANA INC 136.56-2.0 % 5.0 % 36.2 % MOLSON COORS BREWING CO 74.84-2.0 % 6.6 % 40.6 % TRANSOCEAN LTD 25.36-1.9 % -13.5 % -53.0 % HCP INC 43.22-1.9 % 0.7 % 11.3 % AETNA INC 85.55-1.8 % 11.9 % 29.7 % SANDISK CORP 98.04-1.8 % 16.2 % 48.0 % EDWARDS LIFESCIENCES COR 125.59-1.8 % 23.3 % 99.5 % ZOETIS INC 43.40-1.8 % 22.6 % 38.3 % ESSEX PROPERTY TRUST INC 197.86-1.7 % 4.3 % 29.2 % PULTEGROUP INC 20.95-1.6 % 11.4 % 15.6 % PITNEY BOWES INC 24.30-1.6 % 0.7 % 4.7 % Nasdaq 100-30 fra toppen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år GARMIN LTD 59.19 4.5 % 12.1 % 23.7 % CHARTER COMMUNICATION-A 158.63 2.3 % 7.1 % 24.9 % VERTEX PHARMACEUTICALS 112.80 1.6% 7.7% 73.2% ROSS STORES INC 82.16 1.1 % 4.8 % 1.0 % MONDELEZ INTERNATIONAL IN 39.10 1.0 % 18.7 % 16.8 % DOLLAR TREE INC 62.63 1.0 % 9.2 % 6.3 % FASTENAL CO 44.68 0.7 % 7.9 % -3.2 % BED BATH & BEYOND INC 71.39 0.6 % 11.3 % -6.5 % MATTEL INC 31.09 0.6 % 5.5 % -31.9 % COSTCO WHOLESALE CORP 140.01 0.6 % 9.0 % 14.1 % MONSTER BEVERAGE CORP 110.30 0.5 % 15.7 % 94.0 % AMAZON.COM INC 326.54 0.5 % 6.6 % -9.9 % REGENERON PHARMACEUTICA 415.25 0.5 % 13.4 % 51.2 % VODAFONE GROUP PLC-SP A 35.69 0.4 % 16.3 % -3.4 % KLA-TENCOR CORP 81.01 0.4 % 16.5 % 30.9 % GOOGLE INC-CL C 536.99 0.4 % 3.1 % #VALUE! CATAMARAN CORP 49.38 0.3 % 22.5 % 6.4 % STARBUCKS CORP 77.82 0.3 % 4.2 % -2.3 % MICRON TECHNOLOGY INC 32.96 0.3 % 11.0 % 75.3 % DENTSPLY INTERNATIONAL IN 53.25 0.3 % 19.0 % 11.3 % KRAFT FOODS GROUP INC 58.37 0.3 % 4.5 % 11.0 % EQUINIX INC 225.68 0.3 % 15.1 % 46.0 % AMGEN INC 162.64 0.2 % 18.3 % 40.7 % SIGMA-ALDRICH 135.98 0.2 % 0.7 % 58.7 % EXPRESS SCRIPTS HOLDING C 79.47 0.2 % 11.1 % 21.9 % TEXAS INSTRUMENTS INC 51.94 0.2 % 17.0 % 23.9 % CELGENE CORP 106.98 0.2 % 16.3 % 37.6 % INTUIT INC 91.42 0.1 % 12.8 % 25.0 % DIRECTV 87.23 0.1 % 2.3 % 37.5 % TEVA PHARMACEUTICAL-SP A 57.25 0.0 % 10.8 % 41.4 % Nasdaq 100-30 fra bunnen Kurs Endring Endring Endring siste 1 dag 1 uke 1 år NETFLIX INC 363.10-4.7% 1.1% 6.9% TESLA MOTORS INC 247.74-3.9% 7.5% 104.6% AVAGO TECHNOLOGIES LTD 89.25-2.4% 14.4% 109.0% YAHOO! INC 50.58-2.3% 28.8% 42.0% ACTIVISION BLIZZARD INC 19.57-2.2% 3.7% 13.8% QUALCOMM INC 70.47-2.1% -3.8% -0.8% KEURIG GREEN MOUNTAIN INC 153.95-2.0% 7.6% 149.0% MICROCHIP TECHNOLOGY INC 43.15-2.0% 10.3% 0.9% SEARS HOLDINGS CORP 35.20-2.0% 7.0% -24.3% VIMPELCOM LTD-SPON ADR 5.75-1.9% -2.0% -52.3% MAXIM INTEGRATED PRODUCT 28.78-1.8% 8.0% 1.8% NUANCE COMMUNICATIONS IN 15.18-1.8% 2.3% -5.2% SANDISK CORP 98.04-1.8% 16.2% 48.0% BROADCOM CORP-CL A 41.89-1.5% 15.4% 60.1% EXPEDIA INC 87.04-1.5% 12.7% 42.4% C.H. ROBINSON WORLDWIDE I 71.48-1.5% 3.6% 24.0% FACEBOOK INC-A 73.33-1.4% -4.7% 57.9% GILEAD SCIENCES INC 102.34-1.3% 0.1% 44.0% ALTERA CORP 35.73-1.3% 8.2% 14.0% LIBERTY MEDIA CORP - A 35.82-1.2% 6.7% -5.8% DISCOVERY COMMUNICATION 32.97-1.2% -4.8% -24.3% CERNER CORP 63.57-1.1% 9.0% 13.6% F5 NETWORKS INC 126.39-1.1% 12.0% 55.0% WYNN RESORTS LTD 180.02-1.1% -0.3% 14.3% SIRIUS XM HOLDINGS INC 3.52-1.1% 5.7% -3.0% MICROSOFT CORP 48.22-1.1% 9.4% 30.1% INTEL CORP 34.35-1.0% 8.8% 39.9% MYLAN INC 55.68-1.0% 10.7% 31.6% BAIDU INC - SPON ADR 240.42-1.0% 11.0% 51.4% AKAMAI TECHNOLOGIES INC 61.57-1.0% 14.0% 36.1% RENTER & VALUTA Renter Siste I går Endr. 1W 1M 3M YTD 12M Norge - Nibor 3m 1.680 1.680-0.020-0.01 0.05-0.05-0.01 0.03 USA - Libor 3m 0.232 #N/A N/A 0.000-0.00 0.00-0.00-0.01-0.01 Euro - Euribor 3m 0.081 0.081 0.000 0.002 0.000-0.110-0.206-0.137 Norge 10 år stat 2.031 2.031 0.021 0.02-0.10-0.32-0.97-0.80 USA 10 år stat 2.347 2.359-0.012 0.01 0.16-0.08-0.68-0.45 Euro 10 år stat 0.848 0.848 0.051 0.04-0.01-0.15-1.08-0.87 Tyskland 10 år stat 0.848 0.848 0.051 0.04-0.01-0.15-1.08-0.87 Japan 10 år stat 0.471 0.483-0.012-0.03-0.02-0.05-0.27-0.14 UK 10 år stat 2.141 2.141 0.021-0.05-0.05-0.26-0.88-0.58 Valuta Siste I går Endr. 1W 1M 3M YTD 12M 52W H 52W L EUR/USD 1.255 1.255-0.001 0.007-0.025-0.071-0.120-0.089 1.399 1.236 USD/JPY 118.6 118.0 0.680 2.9 11.7 14.9 13.3 18.6 118.7 100.0 GBP/USD 1.567 1.568-0.001-0.004-0.049-0.092-0.088-0.043 1.719 1.559 USD/NOK 6.788 6.787 0.000-0.004 0.233 0.593 0.716 0.673 6.935 5.849 EUR/NOK 8.516 8.519-0.004 0.041 0.126 0.302 0.171 0.296 8.680 8.077 GBP/NOK 10.637 10.642-0.005-0.033 0.044 0.352 0.586 0.787 11.066 9.816 5

DNB Markets ETF/ETP ETF/ETP Endring Endring Endring Endring ET F N avn Kurs 1 dg. i % 5 dg. i % 1 mnd i % 1 år i % Valuta Vo lum A ksjer / Indekser Fortune 500 TM W #N/A N/A #VALUE! #VALUE! #VALUE! #VALUE! USD 0 Brasil EWZ 40.92 2.9 % 1.0 % -5.7 % -14.0 % USD 27453250 Latin-America 40 ILF 35.41 2.0 % 1.0 % -2.5 % -8.2 % USD 512302 TexDax TECDAX 1309.74 1.1 % 2.8 % 13.5 % 15.8 % EUR #N/A N/A Energi XLE 86.28 0.5 % -0.2 % 3.4 % -0.7 % USD 14746194 Forbruksvarer XLP 48.46 0.4 % 1.3 % 7.0 % 13.1 % USD 4919496 CAC-40 CAC 42.405 0.2 % 2.0 % 7.0 % -0.5 % EUR 150630 AEX-Nederland AEXT 41.795 0.1 % 1.6 % 9.0 % 5.6 % EUR 8866 S&P Euro 350 IEV 44.4 0.0 % 1.9 % 4.7 % -2.1% USD 663666 DJIA DIA 176.93 0.0 % 0.5 % 8.1 % 11.4 % USD 4011447 Emerging M arkets EEM 41.2 0.0 % 0.0 % 0.9 % -1.4 % USD 49215328 DAX DAXEX 84.41-0.1% 2.6 % 8.3 % 2.7 % EUR 52122 Forsyningstjenester XLU 45.62-0.1% 0.3 % 4.6 % 18.2 % USD 12133414 FTSE 100 ISF 670.9-0.1% 1.5 % 7.4 % 0.3 % GBp 2442329 S&P 500 SPY 205.22-0.2 % 0.6 % 7.8 % 15.0 % USD 82373009 Finansielle tjenester XLF 24.09-0.2 % -0.2 % 7.3 % 14.3 % USD 22066773 Industri XLI 56.48-0.3 % 0.1 % 9.4 % 14.1 % USD 5200447 Hong Kong EWH 21.47-0.3 % -0.9 % 2.5 % 5.0 % USD 1519573 S&P M idcap 400 M DY 260.65-0.3 % -0.5 % 7.2 % 11.0 % USD 1743087 Bioteknologi IBB 294.21-0.4 % -0.8 % 9.1 % 39.4 % USD 928911 Nasdaq 100 QQQ 103.21-0.5 % 0.7 % 9.3 % 25.3 % USD 23760243 Oil Service OIH 43.19-0.6 % -2.2 % -1.6 % -12.7 % USD 8256405 Japan EWJ 11.67-0.6 % 0.0 % 4.6 % -3.7 % USD 31782722 Teknologi USA XLK 41.4-0.6 % 0.7 % 9.2 % 22.0 % USD 7166995 Russell 2000 IWM 115.15-1.1 % -2.3 % 5.9 % 5.3 % USD 38258716 Russell 2000 Growth IWO 136.04-1.1 % -2.3 % 6.4 % 6.3 % USD 1680894 Pacific ex-japan EPP 46.98-1.7 % -2.2 % -0.1% -3.2 % USD 456341 Olje / Energi Naturgass NGAS 0.1315 6.5 % 8.2 % 19.0 % 25.2 % USD 761319 Bensin UGAS 40.73 0.7 % -2.7 % -4.7 % -20.0 % USD 0 WTI-Oil USO 28.25 0.2 % -3.1% -9.3 % -16.0 % USD 6733159 Brent-olje OILB 49.815 0.0 % -3.9 % -8.1% -27.6 % USD 143921 WTI-olje OILW 41.55-0.1% -3.7 % -7.5 % -16.2 % USD 8800 Råolje CRUD 19.89-0.1% -4.0 % -7.4 % -15.7 % USD 176839 Fyringsolje HEAT 18.35-0.3 % -3.5 % -4.2 % -19.7 % USD 100 M etaller Sølv SLV 15.48-0.5 % 3.0 % -7.5 % -19.1% USD 19599859 Nikkel NICK 17.09 3.2 % 2.5 % 5.5 % 16.0 % USD 0 Kobber COPA 30.795 0.9 % -0.4 % 1.7 % -5.5 % USD 150 Aluminium ALUM 3.622 0.7 % -2.7 % 2.5 % 5.6 % USD 0 Bomull COTN 1.9915 0.4 % -2.9 % -3.0 % -17.4 % USD 0 Sink ZINC 7.00375 0.4 % -1.4 % 2.1 % 15.8 % USD 0 A ndre råvarer Svinekjøtt HOGS 1.0355 0.2 % 1.3 % 1.6 % 0.7 % USD 44243 Kaffe COFF 2.5075 3.7 % 5.4 % -3.7 % 64.1 % USD 1192 Sukker SUGA 12.2 1.3 % -2.4 % -5.1% -30.1% USD 80000 Kveg CATL 8.4988 0.1 % 1.7 % 1.5 % 29.9 % USD 0 Råoljer AIGO 22.775-0.1% -3.8 % -6.8 % -20.3 % USD 0 Hvete WEAT 1.0985-1.1 % -0.4 % 4.5 % -23.9 % USD 79206 Soyaolje SOYO 4.466-1.4 % -1.1 % 1.8 % -23.3 % USD 0 Soyabønner SOYB 22.97-2.5 % -4.7 % 6.0 % -5.2 % USD 483430 R åvarekurver Energi AIGE 8.3925 2.7 % 0.3 % 1.5 % -7.3 % USD 32974 Softs (Sukker, Kakao, Bomull) AIGS 5.36625 2.3 % 0.9 % -4.2 % -1.6 % USD 0 Industrimetaller AIGI 13.21 1.1 % -0.8 % 2.7 % 3.7 % USD 1900 Råvarer AIGC 11.985 0.4 % -0.5 % 0.7 % -5.6 % USD 5422 Buskap AIGL 4.1535 0.0 % 1.4 % 1.3 % 18.4 % USD 0 Ex-Energi AIGX 10.105-0.4 % -0.8 % 0.5 % -4.9 % USD 0 Landbruk AIGA 6.2838-1.0 % -2.4 % 2.7 % -9.8 % USD 93191 Edle metaller AIGP 16.455-1.3 % 1.5 % -5.8 % -11.4 % USD 1567 Korn AIGG 4.7665-2.2 % -3.4 % 5.2 % -15.4 % USD 6855 6

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