Epstein Secrets

ll as weaker supply growth, largely in Iraq and Libya. • Recent reports of a peace agreement in Libya between the rebels and the government caused Brent to fall by around 5%. We think a quick and full recovery in production is unlikely and we also think overall production capacity is now lower due t

his report may have been edited or contributed to from time to time by affiliates of J.P. Morgan Securities (Far East) Ltd. Seoul Branch. Singapore: JPMSS and/or its affiliates may have a holding in any of the securities discussed in this report; for securities where the holding is 1% or greater. the s

estors and institutional investors, as defined in Section 4A of the Securities and Futures Act. Cap. 289. Recipients of this document are to contact JPMSS or JPMCB Singapore in respect of any matters arising fnam. or in connection with. the document. Japan: JPMorgan Securities Japan Co.. Ltd. is regula

rporates (CEMBI) 10.1% 9.5% 13.1% 21.0% 16.4% 15.4% Quarterly Averages Commodities Current 1204 1301 1302 1303 GSCI Index YID Return' Brent (Sibbl) 110 105 112 105 120 Energy -3.7% Gold (Stoz) 1733 1725 1750 1775 Precious Metals 8.7% Copper IS/metric ton) 7629 8300 8500

his report may have been edited or contributed to from time to time by affiliates of l.P. Morgan Securities (Far East) Ltd. Seoul Branch. Singapore: JPMSS ancror its affiliates may have a holding in any of the securities discussed in this report; for securities where the holding is I% or greater, the s

make the largest gain with close to 14%, closely followed by base metals and precious metals with 12% and 9% respectively. Our oil strategists see Brent at $120/bbl by year end, driven by higher demand as the global economy should improve sequentially towards the end of 2013. Agriculture prices are

a: This report may have been edited or contributed to from time to time by affiliates of. Morgan Securities (Far East) Ltd. Seoul Branch. Singapore: JPMSS and/or its affiliates may have a holding in any of the securities discussed in this report; for securities where the holding is 1% or greater, the s