FOREIGN STOCK MARKETS

Stock index trends in native currencies and in dollars adjusted for currency fluctuations. The dollar-adjusted returns are what U.S. investors would realize.

Last week Year to date Market Native In dollars Native In dollars Australia +0 +0.3% +9.9% +11.6% Austria -0.8 -3.5 +12.2 +9.4 Belgium +1.9 -1.0 +13.1 +10.7 Britain +2.6 -0.5 +11.7 +10.1 Canada -0.1 -0.4 +4.9 +5.6 France +1.8 -1.1 +14.3 +11.5 Germany -3.1 -5.8 +8.2 +5.7 Hong Kong +2.5 +2.5 +17.8 +17.9 Italy -2.5 -5.1 +9.2 +7.4 Japan +0.4 -2.0 +10.9 +12.1 Netherlands +1.9 -0.8 +7.5 +5.0 Singapore/Malaysia +2.2 +1.5 +15.8 +16.4 Spain +0.2 -2.6 +17.8 +17.6 Sweden +3.9 +1.5 +24.5 +23.1 Switzerland -0.6 -4.6 +14.3 +9.7 United States -0.1% +11.1%

Source: Morgan Stanley Capital International