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 +2.3% +3.0% +22.7% +24.5% Austria -3.2 -3.0 +13.9 -1.7 Belgium -0.2 +0.4 +15.4 +0.5 Britain +0.0 +1.2 +18.4 +5.8 Canada +0.5 +0.6 +7.1 +8.0 France +0.9 +1.8 +21.0 +5.9 Germany -0.7 +0.3 +14.4 -0.4 Hong Kong +0.5 +0.5 +25.4 +25.6 Italy -1.5 -0.6 +11.6 -1.1 Japan -0.6 -0.5 +13.2 +11.0 Netherlands +0.8 +1.7 +22.1 +6.3 Singapore/Malaysia -1.2 -1.0 +19.2 +17.1 Spain +2.7 +3.5 +28.9 +15.6 Sweden +0.1 +0.6 +23.1 +12.5 Switzerland -0.4 +0.3 +22.7 +7.6 United States +0.5% +16.2%

Source: Morgan Stanley Capital International