Datastream User Guide

INFOSTREAM may/JUNE 2008 IN THIS ISSUE product IN US inwardness Negotiate the worlds info-noise with selective trainingstreams expansive and reliable US-foc wontd guinea pigedness. unfermented-sprung(prenominal) VALUATION RATIOS RELEASED 14 unsanded Datastream valuation proportions have been reconciled, giving you a precise everywhe revue of markets and sectors as nearly as change you to comp atomic descend 18 company to industry ratios.CONTENTS FEATURES Introducing Intelligent In nameation from Thomson Reuters Regional Focus egression in US Content PRODUCT ENHANCEMENT Functions, Units and rustic Datatype Enhancements innovative Interface for Datastream Custom User-Created Indices in Development Coming Soon Interactive Charting 1. Datastream Extranet Samples CONTENT ENHANCEMENT Equities and Equity Indices update world(a) Update USA Update warmness East Update Asia Update I/B/E/S world(a) conflates Content Enhancement Release of Additional Monthly account statement for Five Asian Indices Datastream Delivers wanted trade good In rollation from Platts Metals Expansion C everywhereage economics Round-up New serial Revisions and Methodology Changes Key index finger Changes Interest rate New Valuation Ratios Released in attest Company Additions to orbitscope CONTRIBUTORS 3 4 12 14 16 20 20 23 25 25 27 28 29 31 31 34 35 35 36 39 41 FEATURES INTRODUCING INTELLIGENT education FROM THOMSON REUTERS THOMSON DATASTREAM IS NOW PART OF THOMSON REUTERS. With operations in 93 countries, a market capitalisation in unembellished of $30 billion and 50,000 employees, Thomson Reuters has the resources and experience to serve our customers in the financial, media, legal, tax and accounting, scientific and healthc be markets.We hope you all(prenominal)ow for see many positive changes from Thomson Reuters, starting with our stark naked brand. One thing we do non designate to change, however, is our commitment to speed, accuracy, indepen dence and freedom from bias, and our commitment to our customers, employees, shargonholders and other stakeholders. We aim to deliver on our promise to knead you intelligent information that provides knowledge to act. REGIONAL FOCUS GROWTH IN US CONTENT the StatesS DATA OBESITY PROBLEM SOLUTION GO ON A DATASTREAM DIETNegotiate the worlds info-noise with Thomson Datastreams expansive and reliable US- straine content. The US enthronisation management industry is estimated to be worth over $30 trillion*. To support this financial leviathan, there is entropy in abundance lendable by means of a host of sources, including the Internet and any number of financial solutions, reports and delivery vehicles, so much so that the result for the end-substance abuser is a cacophony of infonoise.The author Neal Stephenson wrote that, All information looks like noise until you break the order. With Thomson Datastream, the US as right management industry has the ultimate code breaker. A mode rn-day Enigma machine. Thomson Datastream, although international in its scope, allows unparalleled penetration to a landscape of historically deep, cross-asset and US-focused selective information, which is being continually expanded to address lymph node needs and market developments.Sourced from such trusted third-party suppliers as Frank Russell, The Conference Board, MSCI and The University of Michigan Consumer Surveys, to name merely a few, this US-orientated information corporation be beatd alongside Thomson Datastreams robust time serial content ( ascorbic acid million serial, including exclusive proprietary content) to better understand the performance of the US markets and construct enthronisation st positiongies accordingly.INFOSTREAM whitethorn/JUN 2008 THOMSON REUTERS 2008 Current market conditions be forcing the US enthronement community to work harder to crack the code and generate alpha. Thomson Datastream is the codec that allows them to achieve this, with the continual add-on of North Ameri stick out-focused content. Recent additions in Q1 2008 involve Platts trade good determine (see page 29) and increased coverage of US Corporate and Sovereign bonds.The Platts database is now lendable as a pass-through content set, and this market-leading data provides a vital insight for goodness-oriented investors in the USA, giving granular detail on the energy markets, allowing analysts of the energy sector, risk managers, goodness hatfulrs, asset managers and anyone wishing to diversify into commodities, the ability to view this worthful data, overlay the information against other factors and manipulate it within Thomson Datastreams powerful maping and analytical capabilities. superchargemore, the recent addition of 14,000 US bonds signifi lottly increasesUS fixed-income coverage to 43,000 securities for Government, Agency and Corporate bond issues. Within the economic sphere, Thomson Datastream allows coming to polar US-orien ted sources to enable the investment management industry to analyse macro factors. For example, US House termss, always a hot pinchic, are under even more scrutiny when placed within the menstruation subprime context and wider economic conditions. Sources including the National Association of Realtors (NAR), the Mortgage banking companyers Association and the S&P Case-Shiller indicators all bump greater visibility into US economic health and direction.The chart below uses Shiller state-level data and compares suffer gross sales by major US cities. We can see that only in Charlotte, North Carolina, have house sales remained positive year on year, in 2007 albeit at a low 1. 75% level. The go along crisis, and in particular the example of Bear Stearns, has richlylighted the importance of having comprehensive cross-asset coverage available to the asset manager, with quotation default swaps often cited. The CDS market is worth approximately $47 trillion and is demanding consta nt financial aid. Thomson Datastream carries a orbit of US-oriented CDS content, including aluable benchmarks for the USA such as the CDX. This index comprises the most liquid CDS contracts of US-based companies and acts as an indicator of the credit markets. The chart below shows clear negative correlation between the CDX index (North American swaps for investment-grade bonds) and the S&P Composite. INFOSTREAM whitethorn/JUN 2008 THOMSON REUTERS 2008 These, and other CDX indices, measure debt-related derivatives, such as high-yield swaps, and enable US-focused asset managers to hedge their entire portfolios rather than trade all(prenominal) individual CDS per bond issue.Sir Arthur Conan Doyle once had Sherlock Holmes remark that, It is a capital mistake to contemplate before one has data. Recently launched proprietary global CDS sector indices and the US-orientated suite, exclusive to Thomson Datastream, allow for greater tactical asset allocations across a portfolio, since the CDS market often captures market information faster than the uprightness markets. On the inclusion of this content, one Director of Research at a US asset management steadfast commented, The CDS indices are a great innovation. Can you provide us with the full global mold? No-one else has this data. round-eyed my dear financial marketsThe pursual example compares the US CDS banking sector against deuce US interest rate futures indicators. This analysis illust pass judgment that the movement in the US hopeing CDS sector anticipated the credit crisis by a slight under two weeks, and shows the strong correlations (nine and ten-day lag against the sector respectively) that the futures have, compared to the sector. INFOSTREAM may/JUN 2008 THOMSON REUTERS 2008 other(a) latterly added proprietary Thomson Datastream content that lends itself to greater investigation and analysis of the US markets is the M&A series constructed from Thomson data.This content, overlaid against the CDS indices, can help lead a clearer indication of the overall health of the M&A activity in the USA. With the credit crisis in August 2007, the number of completed deals that followed in September dropped and the spread in the CDX index correspondingly fell, as traders felt the deal market drying up. That relationship has broken down during the first quarter of 2008, which may be due to other economic factors. INFOSTREAM may/JUN 2008 THOMSON REUTERS 2008 Thomson Datastreams US-focused content is continually expanding.Across all asset classes, data is being added to ensure that the solution fits the high demands of the North American market, be it through the addition of macroeconomic indicators from such sources as S&P Case-Shiller, or through the display and access of quarterly fundamentals. And this investment is on way out with soon-to-beadded US option coverage for the USA (S&P 500 and the Nasdaq) and Canada. Access to timely, comprehensive and stainless data is ever more important in a world where decisions have to be do fast.Thomson Datastreams deep US coverage, across multiple asset classes, allows the US financial industry to drop through the infonoise, access vital must-have information and manipulate it with flexible analytical tools. In these new obscure times, Thomson Datastreams blend of reliable, multiple-asset, US content enables investors to ingest better, more-informed decisions and help avoid the pitfalls best summed up by an old Chinese proverb, which states, To guess is cheap. To guess wrongly is expensive. *Thomson Sharewatch. Based on the AUM from more than 4,000 US companies. INFOSTREAM whitethorn/JUN 2008 THOMSON REUTERS 2008 PRODUCT ENHANCEMENT FUNCTIONS, UNITS AND COUNTRY DATA example ENHANCEMENTS The padding (PAD) function has been enhanced to enable set for missing modal(a) data points to be derived via linear interpolation, so any missing (N/A) economic values within the time series will be calculated by linearl y interpolating between the substantial data values on each side. The format to use linear interpolation is PAD(Expression, I). Example To display the FTSE ascorbic acid outlay high (PH) from December 2007 to January 2008 there are N/A values for Christmas and New Year when the market is closed.Using the existent PAD function (without the I parameter) the N/A values are replaced by carrying forward the stand true value for the previous period. Whereas employ the PAD function with the I parameter ( put out column below), the N/A values are replaced by values calculated by interpolating between the data either side, thereby producing a more uniform series. Code 20/12/2007 21/12/2007 24/12/2007 25/12/2007 26/12/2007 27/12/2007 28/12/2007 31/12/2007 01/01/2008 02/01/2008 03/01/2008 04/01/2008 07/01/2008 FTSE100(PH) 6367. 7 6451. 8 6485. 6 N/A N/A 6504. 1 6494 6480. N/A 6512. 3 6487. 8 6534. 7 6376. 5 PAD(FTSE100(PH)) 6367. 7 6451. 8 6485. 6 6485. 6 6485. 6 6504. 1 6494 6480. 2 64 80. 2 6512. 3 6487. 8 6534. 7 6376. 5 PAD(FTSE100(PH),I) 6367. 7 6451. 8 6485. 6 6491. 77 6497. 93 6504. 1 6494 6480. 2 6496. 25 6512. 3 6487. 8 6534. 7 6376. 5 The continuous series (CSR) function has been enhanced, specializedally for economic series, to allow quarterly series to be displayed at a monthly oftenness development linear interpolated values, with a similar enhancement for yearly series to be displayed at a quarterly or monthly frequency.The format to display interpolated values is CSR( serial,M) or CSR( serial,Q). Example To display two quarterly series at a monthly frequency United States GDP in real terms and the Eurozone 15 countries GDP in real terms. The actual quarterly data is Code 15/05/2006 15/08/2006 15/11/2006 15/02/2007 15/05/2007 15/08/2007 15/11/2007 USGDPD 11306. 7 11336. 7 11395. 5 11412. 6 11520. 1 11658. 9 11677. 1 EKGDPD 1859. 84 1870. 18 1884. 62 1899. 5 1904. 74 1919. 03 1926. 38 Here, the US series is in billions of dollars at an annual rate , the Eurozone series is in billions of euros but not annualised.As the disconcert below illustrates, the CSR function without the M parameter simply repeats the quarterly value for each month of the quarter, but with the M parameter the data is presented in a more uniform way by interpolating between the quarterly total. For the United States series, the mid-quarter value of the monthly series is the same as the original quarterly series, whereas for the Eurozone series the mid-quarter value of the monthly series is one third of the original series. This is due to Eurozone GDP not being annualised, so the monthly numbers in the final column below represent the best estimate of actual GDP in that month.Code 15/07/2006 15/08/2006 15/09/2006 15/10/2006 15/11/2006 15/12/2006 15/01/2007 15/02/2007 15/03/2007 15/04/2007 15/05/2007 15/06/2007 15/07/2007 15/08/2007 15/09/2007 15/10/2007 15/11/2007 CSR(USGDPD) 11336. 7 11336. 7 11336. 7 11395. 5 11395. 5 11395. 5 11412. 6 11412. 6 11412. 6 11520. 1 11520. 1 11520. 1 11658. 9 11658. 9 11658. 9 11677. 1 11677. 1 CSR(USGDPD,M) CSR(EKGDPD) 11326. 7 11336. 7 11356. 3 11375. 9 11395. 5 11401. 2 11406. 9 11412. 6 11448. 4 11484. 3 11520. 1 11566. 4 11612. 6 11658. 9 11665 11671 11677. 1 1870. 18 1870. 18 1870. 18 1884. 62 1884. 2 1884. 62 1899. 5 1899. 5 1899. 5 1904. 74 1904. 74 1904. 74 1919. 03 1919. 03 1919. 03 1926. 38 1926. 38 CSR(EKGDPD,M) 622. 24 623. 39 625 626. 6 628. 21 629. 86 631. 52 633. 17 633. 75 634. 33 634. 91 636. 5 638. 09 639. 68 640. 49 641. 31 642. 13 The rules for calculating these values are as follows (these are dictated by the frequency conversion datatype (ECONV)) If ECONV = AVERAGE (example USGDPD) the actual quarterly number is placed in the mid-month of the quarter, and the intervene two months are linearly interpolated between the adjacent midquarter numbers. If ECONV = END POINT (example US64MGTLA mortgage debt of the US financial sector), the actual quarterly number is placed in the las t month of the quarter, and then the intervening two months are linearly interpolated. If ECONV = SUM (example EKGDPD), one third of the quarterly number is placed in the mid-month of each quarter, and the intervening two months are linearly interpolated between the mid-quarter numbers. INFOSTREAM may/JUN 2008 THOMSON REUTERS 2008 0 Annual series can be similarly represented at either a monthly or quarterly frequency victimisation CSR(series,M) or CSR(series,Q). This new function allows a closer analysis of quarterly series on a monthly basis. For example if we correlate European Union total GDP (EXGDPD) against United States GDP (USGDPD), over the last ten years using a range of monthly lags, we find that the highest correlation, of 0. 99707, is with an 11-month lag of the US series.Note These new parameters will be fully back up in a later version of the hand interface but can be used now either directly in AFO, or in the expression builder (where the message that the param eter is unknow can be ignored). The economics order of magnitude (ESMAG) datatype, which displays the magnitude of the data as a number, eg curtilage for thousand, gazillion for million, etc, has been enhanced so that it is now supported in Datastream expressions.This is useful for displaying a set of economic series data in the same units. In the example below, the total exports of visible goods for a selection of countries are displayed in millions of dollars for the year 2007 total. This is achieved by using the calendar year sum function CYS, converting all series to dollars using the tilde, multiplying by ESMAG and dividing by 1,000,000. In the analysis below the top three countries are (in order) Germany, chinaware and United States.EXPORTS IN CURRENT PRICES TYPE AGEXPGDSA AUEXPGDSA CNEXPGDSB CHEXPGDSA FREXPGDSB BDEXPGDSB HKEXPGDSA INEXPGDSA IDEXPGDSA IREXPGDSA ITEXPGDSB JPEXPGDSB KOEXPGDSA MYEXPGDSA MXEXPGDSA NLEXPGDSA NZEXPGDSA NWEXPGDSA RSEXPGDSA SPEXPGDSA SAEXPGDSA ESEX PGDSA SDEXPGDSB SWEXPGDSA TWEXPGDSA THEXPGDSA UKEXPGDSA USEXPGDSB ESUNT US $ one million million million AUST $ MILLION CAN $ MILLION 100 MLN US$ EURO MILLIONS EURO BILLIONS HONG KONG MN$ IND RUPEE BLN US $ MILLION EURO THOUSANDS EURO MILLIONS YEN BILLION US $ MILLION RINGGIT MLN US $ MILLION EURO MILLIONS NZ$ MLN NRWGN KR MLN US $ MILLION SINGAPORE $000 RAND MILLION EURO THOUSANDS SWEDISH KR MLN SWISS FRANC MLN chinaware $ MLN US $ MILLION ?MILLION US $ MILLION GEOGN genus Argentina AUSTRALIA CANADA china FRANCE GERMANY HONG KONG INDIA IND whizSIA IRELAND ITALY JAPAN KOREA MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY RUSSIAN FEDERATION SINGAPORE SOUTH AFRICA SPAIN SWEDEN SWITZERLAND mainland China THAILAND fall in res publica UNITED STATES X(ESMAG) million 1000000 1000000 100000000 1000000 trillion 1000000 1000000000 1000000 1000 1000000 1000000000 1000000 1000000 1000000 1000000 1000000 1000000 1000000 1000 1000000 1000 1000000 1000000 1000000 1000000 1000000 1000000 ESMAG EXPORTS-MILLIONS OF DOLLARS YEAR 200 CYS(XU$*XESMAG/1000)/1000 55933. 98 140975. 1 417035. 5 1217869 551328. 3 1330984 344676. 1 cxlv260. 2 113953. 7 121504 491841 713111. 3 371489 176038. 3 272044 476323. 3 26946. 69 139232. 8 355176. 7 298876. 9 69661. 69 248555. 9 169700. 5 171465. 5 246181. 4 152480 436985. 3 1163314 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 11Two new Country datatypes (GGISO and GGISN) have been introduced on Datastream GGISO ISO Country Code GGISN ISIN Issuer Country The future(a) table illustrates some examples NAME ASM PACIFIC TECH C C LAND HOLDINGS CARNIVAL EADS (PAR) FRONTLINE GARMIN INVESCO MILLICOM INTL CELU SDB NWS HOLDINGS PARTNERRE PARTYGAMING QIAGEN (XET) RENAISSANCERE HDG ROYAL CARIBBEAN CRUISES ROYAL DUTCH SHELL A(LON) MNEM KASMP KQPAK UCCL FEADS NFRON GRMN UIVZ WMICB KPAPO UPRE PRTY DQIAX URNR URCL RDSA GEOGN HONG KONG HONG KONG UNITED STATES FRANCE NORWAY UNITED STATES UNITED STATES LUXEMBOURG HONG KONG UNITED STATES UNITED KINGDOM GERMANY UNITED STATES UNITED STATES NETHERLANDS GGISO HK HK US FR NO US US LU HK US GB DE US US NL GGISN KY BM PA NL BM KY BM SE BM BM GI NL BM LR GBNEW INTERFACE FOR DATASTREAM CUSTOM USER-CREATED INDICES IN education Datastream has provided facilities for creating your own custom indices for a number of years, through an integrated interface in surface and Advance for Office (AFO) and a more comprehensive terminal interface. These indices are used extensively for evaluating different investment strategies and for use as portfolio benchmarks. We flowly have in development a new Advance/AFO interface, pass a range of exciting features. These allow in support for an extended set of weighting methods (in addition to the current market value weighting method) such as equal weighting, local anesthetic currency, free float and using your own weights (as either a factor or a number of shares). INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 12 advocator creation interface currently in devel opmentThe new interface will too facilitate the construct and configuration of indices with more complex changes to their story, so in addition to supporting the importing of a set of constituents for a single point in time (either to use for the full index history, or to use going forward), these facilities will allow changes to constituents and weights at different dates to be imported directly from Excel enabling an Excel range containing the complete history of constituent changes, reflecting either an investment strategy or specific stock selection, to be easily set up on Datastream. Equally, for indices already set up, the constituent history can be exported to Excel, and any changes do before being imported back to Datastream.We are as well working on extending the set of datatypes that can be calculated for indices beyond the current angle of inclination ( harm index, rejoin index, market value, dividend yield and outlay earnings) this will include the 15 new valu ation measures that have tardily been introduced for equities and Datastream equity indices. These include mainstay measures such as sales, profits, debt, and a set of ratios such as light on equity and profit margin. Finally, in addition to supporting equities, the new interface will also support using other indices, and unit trusts as constituents. So, for example, you will be able to create a market value weighted index using thirdparty indices, Datastream indices or other custom user-created indices as their constituents. however information will be made available via the Datastream Extranet when this new interface becomes available. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 13 glide slope SOON INTERACTIVE CHARTING 1. 6The next release of Interactive Charting will be available soon to all users of Datastream Advance . 0 and will allow users to save their own user-created styles for charts. Preferences for fonts, colour, chart background and line styles can be defined, stored as a style and then applied to any chart in the users library. In addition, it will now be possible to set up custom colours and store these as part of your style. draw text style for your chart title, subtitle and legend Set colour, thickness and style of the chart lines Custom colours can also be defined INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1 Save the settings with a name of your choice INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1 DATASTREAM EXTRANET SAMPLESThe Datastream Samples page on the Extranet is a valuable source of content and functionality-related AFO tearsheets, that highlight the breadth and depth of content within the Datastream mainframe. Over the last few months, more mannikins have been added, making access to existing and new content sets even easier. some of the new sheets are detailed below, visit the Extranet site at http//extranet. datastream. com/Free_Reports/AFO_SAMPLES. htm and look for the icon for more. Indices Worldscope king Val uations This new influence displays a unique set of valuation datatypes for Datastream Global Equity Indices. Sourced from Worldscope and based on a trailing 12-month period if applicable, the datatypes include such popular items as EBITDA, Enterprise Value and CAPEX. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1stintings Recession Bands Using the academic, two quarters of successive negative QOQ GDP growth, calculation of recession, this model allows users to select a country and overlay one of several pre-defined series such as Consumer Spending, industrial Production and Unemployment rate figures. The chart period can be customised and a user-defined overlay series can also be utilised. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1 Options Implied Volatility Surface Using Datastreams extensive Options database, this model plots the implied unpredictability as a function of both the strike price and time to maturity. The resulting graph shows the implied volatility for all the options on a particular primal series. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1Equities Key Performance Indicators from Worldscope impelling 15 November 2007, Thomson Financial added Key Performance Indicators (KPIs) for the Hotel, Airline and sell sectors. Initially for the Russell 3000 list constituents, this model displays the current indicators for all qualifying constituents. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 19 CONTENT ENHANCEMENT EQUITIES AND EQUITY INDICES UP take in This month sees the release of additional valuation datatypes for the Russell indices. Changes to the way S&P constituent data is provided are effective from 1 June 2008 and customers are advised to read this carefully and take action if required. New shariah law indices are also available from S&P and FTSE.Read on for all the details. Global Update S&P atom Data End-User Agreement Now Required for Access to Constituent-Level Data With effect from 1 June 2008, there is a change to the way constituent data for a number of S&P constituent families is provided on a number of Thomson products, such as Datastream, DDL, Datastream Advance in T1IM. From 1 June 2008, customers wishing to continue to access constituent datatypes such as constituent weights, number of shares and free-float data are required to have a direct end-user agreement with S&P. For each index family impacted by this change, a new staff is available that provides access to the restricted datatypes.The names and identifiers of each trade protection within each constituent list are not impacted by these changes and will remain unrestricted. This change is a result of S&P no longer licensing constituent-level index data for wholesale distribution through vendors to their clients. New modules created for each of the following index families impacted by this change S&P US indices This includes the S&P 500, S&P MidCap 400, S&P SmallCap 600, S&P Composite 1500, S&P 1000, S&P 900, S&P 100, S&P REIT C omposite, S&P Citigroup Style and all be sector, industry and style indices. S&P Australia This includes the S&P/ASX 50, S&P/ASX 100, S&P/ASX 200, S&P/ASX 300 and All Ordinaries Indices and all underlying sector, industry and style indices.S&P Global 1200 This includes the S&P Global 1200, S&P Europe 350, S&P/Topix 150, S&P/TSX60, S&P Asia 50 and S&P Latin America 40 and all underlying sector and industry indices. S&P/MIB This includes the S&P/MIB index. S&P/HKEx This includes the S&P/HKEx Hong Kong indices including the S&P/HKEx Composite index. S&P/ lacquer This includes the S&P Topix 150 index. confine Constituent List Datatypes From 1 June 200, the following datatypes are available only in the new modules. The restrictions also apply to these constituent datatypes provided for S&P historical constituent lists. Please note that not all datatypes are available or valid for all the S&P index families detailed above.A more detailed list, along with all the constituent list mnemoni cs, is provided on the Datastream Extranet. The names and identifiers of each security within each constituent list are not impacted by these changes and remain unrestricted. DATATYPE WTIDX PIDX NSIDX FFIDX MVIDX CFIDX AFIDX CLS1 CLS1N CLS2 CLS2N CLS3 CLS3N CLS4 CLS4N explanation part WEIGHT PRICE OF EACH CONSTITUENT IN THE INDEX NUMBER OF SHARES INCLUDED IN THE INDEX FREE-FLOAT FACTOR OF EACH CONSTITUENT IN THE INDEX MARKET VALUE OF EACH CONSTITUENT IN THE INDEX CAPPING FACTOR ADJUSTMENT FACTOR GICS SECTOR regulation GICS SECTOR NAME GICS fabrication GROUP CODE GICS INDUSTRY GROUP NAME GICS INDUSTRY CODE GICS INDUSTRY NAME GICS SUB-INDUSTRY CODE GICS SUB-INDUSTRY NAMEACTION REQUIRED In order to minimise the impact of these changes, it is advisable that you review as soon as possible if you wish to continue to access the above constituent list datatypes. If you do, you should contact S&P to discuss this or complete the form in the attached notification and send it to S&P http//e xtranet. datastream. com/data/Equity%20indices/ If you wish to discuss this directly with S&P, please contact one of the following Americas Maureen OShea EMEA John Davies Asia Angeline Choo ANZ Guy Maguire Japan Uchi Seiichiro Shariah Indices maureen_oemailprotected com +212 438 6174 emailprotected com +44 (0)20 7176 8456 emailprotected com +65 6239 6318 emailprotected com +61 292 559 822 emailprotected com +813 4550 8568 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 21 A number of new Shariah indices are now available on Datastream. S&P Pan-Asia Shariah index The stocks for this index are drawn from the Asian country indices in the S&P/Citigroup Global Equity Index series, excluding Australia, Japan and New Zealand. Stocks for the creative activity must have at least US$ 1 billion in float-ad only whened market capitalisation. The number of stocks, for Shariah cover charge purposes, is limited to the top 15 from each country that exceeds the US$1 billion market capitalisation thr eshold.Each month a universe of stocks conforming to these criteria, selected once a year on 31 certify, is screened for Shariah compliance to form this index. The countries eligible for inclusion in this index are China, Hong Kong, India, Malaysia, Philippines, Singapore, southeasterly Korea, Taiwan and Thailand. S&P Global and World Property Shariah index The S&P/Citigroup Global Property index represents and measures the investable universe of publicly traded property companies from developed and emerging markets. The constituents are companies engaged in a wide range of real estate related activities, such as property management, development, rental and investment.The component REIT stocks, in particular, include property trusts that invest in physical real estate assets and other pass-through vehicles. The S&P/Citigroup World Property Index is a subset of the Global Property Index and includes companies from the developed markets only. Each month a universe of stocks conformi ng to these criteria, selected once a year on 31 March, is screened for Shariah compliance to form these indices. INDEX NAME S&P PAN-ASIA shariah law $ S&P PAN-ASIA SHARIAH E S&P WORLD PROPERTY SHARIAH $ S&P WORLD PROPERTY SHARIAH E S&P spherical PROPERTY SHARIAH $ S&P GLOBAL PROPERTY SHARIAH E MNEMONIC SPSHPA$ SPSHPAE SPWPRS$ SPWPRSE SPGPRS$ SPGPRSEDATATYPE PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV PI, RI, NR, MV START DATE 29/12/06 29/12/06 29/12/06 29/12/06 29/12/06 29/12/06 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 22 FTSE Shariah Japan 100 $ index FTSE extended its FTSE Shariah Global Equity index family on 3 March 2008 with the release of the FTSE Shariah Japan 100 $ index. This index represents the performance of the 100 biggest Shariah-compliant companies by full market capitalisation, that are included in FTSE Japan index. The index is calculated in USD and history is available from 3 March 2008. The index mnemonic is FSJP10$. Further information can be found on http//www. ftse. om/Indices/FTSE_Shariah_Global_Equity_Index_Series/ Downloads/FTSE_Shariah_Japan_100_USD_Valuation. pdf USA Update Russell Additional Datatypes for Benchmark Indices Thomson Reuters has released new datatypes for the Russell Benchmark indices. The new datatypes include price to book value (BP), price to cash flow (PC), price to sales (PS), return on equity (RE) and return on assets (AR), and complement the existing coverage of price earnings ratio (PE), dividend yield (DY) and market value (MY) for the same indices. Customers who have access to the existing Russell prototype or Russell Premier pass-through modules will be able to access the new datatypes. Click on this affiliate for more details http//extranet. datastream. om/data/Equity%20indices/documents/Russellreleasemessagev2. doc The valuation ratios are updated at approximately 0900 do on every sixth business day of the following month. INDEX DESCRIPTION RUSSELL TOP 50 RUSSELL TOP 200 RUSSELL TOP 200 GROWTH RUSSELL TOP 200 VALUE RUSSELL 1000 RUSSELL 1000 GROWTH RUSSELL 1000 VALUE RUSSELL 2000 RUSSELL 2000 GROWTH RUSSELL 2000 VALUE RUSSELL 2500 INDEX MNEMONIC RRUST50 RRUS200 RRUS20G RRUS20V RRUSS1L RRUS1GR RRUS1VA RRUSS2L RRUS2GR RRUS2VA RRUS250 DATATYPES PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PCBASE DATE 30/01/1998 31/01/2002 29/12/1978 31/01/2002 31/03/1986 31/01/2002 31/03/1986 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 29/12/1978 31/01/2002 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 23 RUSSELL 2500 GROWTH RUSSELL 2500 VALUE RUSSELL 3000 RUSSELL 3000 GROWTH RUSSELL 3000 VALUE RUSSELL 3000E RUSSELL 3000E GROWTH RUSSELL 3000E VALUE RUSSELL slim CAP COMPLETENESS RUSSELL SMALL CAP COMPLETENESS GROWTH R USSELL SMALL CAP COMPLETENESS VALUE RUSSELL MIDCAP RUSSELL MIDCAP GROWTH RUSSELL MIDCAP VALUE RUSSELL MICROCAP RUSSELL MICROCAP GROWTH RUSSELL MICROCAP VALUE RRUS25G RRUS25V RRUSS3L RRUS3GR RRUS3VA RR3000E RR30GRE RR30VAE RRS3XSD RRS3GXD RRS3VXD RRUSMID RRUSMIG RRUSMIV RRUSMIC RRUSMGR RRUSMVAPS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC PS, RE, BP, AR PC 31/03/1986 31/01/2002 31/03/1986 31/01/2002 29/12/1978 31/01/2002 30/03/1979 31/01/2002 30/03/1979 31/01/2002 30/06/2005 30/06/2005 30/06/2006 30/06/2006 30/06/2006 30/06/2006 31/12/1979 31/01/2002 31/12/1979 31/01/2002 31/12/1979 31/01/2002 29/12/1978 31/01/2002 31/03/1986 31/01/2002 31/03/1986 31/01/2002 30/06/2005 30/06/2005 30/06/2006 30/06/2006 30/06/2006 30/06/2006Global Property Research Two new indices from Global Property Research are now available on Datastream. History is available from 28 March 2008. INDEX NAME GPR 250 pounds per square inch CHINA GPR 250 PSI CHINA E GPR 250 PSI CHINA $ GPR 250 REIT CHINA GPR 250 REIT CHINA E GPR 250 REIT CHINA $ MNEMONIC GPR2CHL GPR2CHE GPR2CH$ GPRRCHL GPRRCHE GPRRCH$ DATATYPE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE PI, RI, MV, DY, NE INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2 Middle East Update Jordan Additional Equity Datatypes Thomson Reuters has released additional Jordan unadjusted price datatypes on Datastream from 18 March 2008.The additional equity datatypes are unadapted price ask (UPA) Unadjusted price bid (UPB) Unadjusted price high (UPH) Unadjusted price low (UPL) Unadjusted price open (UPO) Unadjusted trade volume (UVO) The Jordan stocks currently covered on Datastream can be found in the list FJORD. The prices are updated at approximately 1230 GM T. Asia Update Thailand Additional Datatypes commercialize value (MV) is now available for all Thailand Stock Exchange indices. History is available from 25 December 2007. In addition to the MV data, other datatypes are also now available for the Thai constancy Group Indices these are PE, BP, DY, MV, VO and VA. History is available from 25 December 2007.Thailand Benchmark and heavens Indices INDEX NAME capital of Thailand SET BANGKOK SET 50 BANGKOK SET 100 THAILAND MAI THAILAND SE AGRIBUSINESS THAILAND SE nourishment AND drinkable THAILAND SE FASHION THAILAND SE HOME & OFFICE PRODUCTS THAILAND SE PERSONAL PRODUCTS & PHARMACEUTICALS THAILAND SE BANKING THAILAND SE pay AND SECURITIES THAILAND SE INSURANCE THAILAND SE AUTOMOTIVE THAILAND SE INDUSTRIAL MATERIALS & MACHINERY THAILAND SE PACKAGING THAILAND SE root & PRINTING MATERIALS THAILAND SE PETROCHEMICALS & CHEMICALS THAILAND SE CONSTRUCTION MATERIALS THAILAND SE PROPERTY DEVELOPMENT THAILAND SE ENERGY & UTILITIES THAILAND SE MINING THAILAND SE COMMERCE THAILAND SE HEALTH CARE service THAILAND SE MEDIA & PUBLISHING THAILAND SE PROFESSIONAL SERVICES THAILAND SE TOURISM & LEISURE THAILAND SE TRANSPORTATION & LOGISTICS THAILAND SE ELECTRONIC COMPONENTS THAILAND SE INFORMATION & COMMUNICATION TECHNOLOGY MNEMONIC BNGKSET BNGKS50 BNGK100 BNGKMAI BNGKAGR BNGKFDI BNGKFHN BNGKHHG BNGKPPH BNGKBNK BNGKFIN BNGKINS BNGKAUT BNGKIMM BNGKPAK BNGKPPM BNGKPET BNGKCTR BNGKPDV BNGKENG BNGKMIN BNGKCOM BNGKHCS BNGKENR BNGKPFS BNGKHOT BNGKTLO BNGKELC BNGKCMM DATATYPE MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV MV INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2 Thailand manufacturing Group IndicesINDEX NAME THAILAND SE AGRO & FOOD INDUSTRY THAILAND SE CONSUMER PRODUCTS THAILAND SE FINANCIALS THAILAND SE INDUSTRIALS THAILAND SE PROPERTY & CONSTRUCTION THAILAND SE RESOURCES THAILAND SE SERVICES THAILAND SE TECHNOLOGY MNEMONIC BNGKAGF BNGKCON BNGKFNI BNGKIND BNGKPRO BNGKRES BNGKSER BNGKT EK DATATYPE PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA PE, BP, DY, MV, VO, VA INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2 I/B/E/S GLOBAL AGGREGATES CONTENT ENHANCEMENT RELEASE OF ADDITIONAL MONTHLY HISTORY FOR FIVE ASIAN INDICES Thomson Reuters has released additional monthly history for five major indices in Asia to I/B/E/S Global Aggregates.Previously going back only one year, monthly history for these indices now goes as far back as January 2005, with weekly history back to January 2006 providing even more value-added content. The five series are COUNTRY TAIWAN TAIWAN TAIWAN MALAYSIA MALAYSIA IGA INDEX NAME TAIWAN SE WEIGHTED TAIEX TSEC TAIWAN 50 TSEC TAIWAN MIDCAP 100 KUALA LUMPUR COMPOSITE INDEX (KLCI) KUALA LUMPUR SE EMAS IGA IDENTIFIER TAIEX TSEC50 TSECMID KLCI KLEMAS DATASTREAM MNEMONIC TAIEX TASEC5 TAMID1 MYKLCI MYEMAS This additional history was made available with the March 2008 monthly run. For further information or assistance, please contact content. emailprotected com or your local Thomson Datastream customer service or account team. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2DATASTREAM DELIVERS SOUGHT-AFTER COMMODITY INFORMATION FROM PLATTS market watchers know that commodities are now in their fifth year of a bull run, with many bang their all-time high price over the last year or so and drawing the attention of hedge funds, investment houses and others looking to increase their portfolio weightings in this asset class. Now Thomson Datastream clients can access end-of-day commodity price assessments by way of the industry-leading Platts Dispatch product, to help them reduce risk as they make key trading decisions, value positions and analyse data. Platts, a division of McGraw-Hill, provides industry-standard commodity price assessments that are critical elements used to settle short- and long-term OTC contracts wor ldwide. Renowned for their energy commodity coverage, Platts pricings help industry specialists understand commodity price trends and developments. Available on a pass-through basis, Platts Dispatch over Thomson Datastream delivers end-of-day price assessments, third-party data, and an historical database of more than 25,000 commodity time series, many with several decades of data. Platts commodities data spans oil and shipping petrochemicals metallic elements electricity and gas coal and emissions data via American Petroleum Institute Statistics and Petroleum Administration for Defense Districts prices. Overall, the content is available through 129 data categories, which can be chosen individually or grouped into packages, and may contain one or more of the following data attributes high, low, bid, ask, mid-price, close and volume.Frequency of series ranges from daily, weekly, monthly or infrequently priced when an event occurs. Clients subscribing to Platts content through Tho mson Datastream will be able to use its existing functionality and integrate this content with other available leading Thomson Datastream content sets. All clients must maintain a direct agreement, which must be in place with Platts prior to the client being entitled to its data. more(prenominal) information on the data and how clients can obtain an agreement for it can be found on http//extranet. datastream. com/data/Commodities/Index. htm INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2 METALS expanding upon COVERAGEThomson Reuters has expanded Datastreams metal coverage with an additional 00 new time series, covering Asian metal spot prices with a distinct focus on the Chinese market and the inclusion of steel price indices and other steel-related products. Customers can now access CRU Steel price indices for semi-finished and finished carbon steel products, known to be the most widely used benchmarks in the world steel industry. Complementing these indices are SteelHomes China Steel price indices. In additional to steel indices, Chinese metal prices from local steelmakers with the following characteristics are now available Stainless steel Coke/coal weigh ore Pig iron/ moment Wire rod/rebar Medium plates CR/HR Section Ferro-alloy/non-ferrous INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 29Further expansion with a focus on Asian metal prices is now available for the following categories Base metals Minor metals Rare earths Ferro-alloys Refractories Iron and steel Chinese Base Metals Comparison INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 30 ECONOMICS ROUND-UP New Series more than than 3,000 series have recently been added to the Economics database, with particular emphasis on more detail in key coverage areas such as international trade. Some of the highlights are summarised below, with cerebrate given to the germane(predicate) Content Updates on the Datastream Extranet, where more information and series listings are available. swop d egree for Turkey More than 300 commodity trade series are now available for Turkey, as sourced from the Turkish statistical Institute.Import and export coverage is given by three different classification schemes Broad Economic Categories, internationalist Standard industrial Classification (ISIC) and Standard multinational Trade Classification (SITC). Also added were trade by country series. All data is monthly, most with start dates from January 1996. (See Content Updates 2780, 2791, 2794 and 2819. ) Trade detail has also been recently added for France and brazil nut. See the table below. Confidence Surveys for Indonesia Series from the Bank of Indonesias surveys on business and consumer expectations have been released on Thomson Datastream. The new data includes information about business conditions during the current quarter, as well as expectations for the following quarter, by industry. Concepts covered are business activities, selling prices and usage of labour. 2772) The co nsumer survey is headlined with three indices Consumer Confidence Index (CCI), Current Economic Condition Index (CECI) and the Consumer Expectation Index (CEI). Also available are price expectations of major commodities in three and six months time, consumption plans and appraisal of economic conditions. (2769) In the News US Housing House purchase price indices, produced by the Office of Federal Housing Enterprise heedlessness (OFHEO), are now available. Data is reported for the US total and nine Census divisions on a quarterly basis. (2824) brawn in China Series detailing consumption of energy fuels and electricity by industry have been added.The statistics are annual, as reported by National Bureau of Statistics of China (NBS). (2775) The table overleaf itemises the new data releases that have been made over the last two months. The table provides access links to the original Content Update announcements on the Research Extranet, where more information is given, including se ries lists just click on the description in the first column, which is a hyperlink. Also provided are Navigator citations and links referring to locations in Thomson Datastream Navigator, adventurer for Economics, where the relevant series are shown. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 31 New Series by Region Series Content Navigator Location Added Update See Explorer for Economics National Sources 129 6 7 18 7 16 5 15 54 40 2867 2880 2847 2837 2833 2835 2853 2879 2796 2824 Brazil outdoor(a) sector Imports and Exports Trade by trade good Brazil out-of-door Sector International Reserves Brazil gold and pay Money Supply Chile Key Indicators Chile impertinent Sector External Investment & Debt Chile Government Sector Government nimiety/Deficit Chile External Sector International Reserves Colombia constancy Sector Housing and Construction Detail United States Money & finance Banking (MFIs) FDIC Quarterly Banking Profile United States Industry Se ctor Housing & Construction Detail OFHEO House wrong Index AmericasBrazilian External Trade by Commodity Brazilian International Reserve Assets Brazilian Money Supply Components Chilean Consumer character reference and Bank Lending Chilean External Debt Chilean Government Accounts Chilean Official Reserves Colombian Housing Construction by Cities US FDIC Quarterly Banking Profile US OFHEO Purchase-Only House price Indices Asia Chinese Energy Series Indonesian headache Survey series Indonesian Consumer Confidence Survey Indonesian retail Sales Survey series Japanese Lease Series 73 104 83 16 15 2775 2772 2769 2774 2844 See Explorer for Economics National Sources China Industry Sector Other Industry detail Energy Indonesia Surveys & Cyclical Indexes Business Surveys Indonesia Surveys & Cyclical Indexes Consumer Surveys Indonesia Surveys & Cyclical Indexes Retail Sales Survey Japan Premium Service Industry Sector Other Industry Detail Machinery & Equipment Equipment Leasing & PurchasesJapanese Motor fomite Imports Japanese Treasury Funds Receipts & Payments Balances with the clandestine Sector Malaysian Bank Lending Malaysian remote Reserves Malaysian Manufacturing Sales Value New Zealand Manufacturing Survey series Thailand Non-Performing Loans 11 29 2763 2770 Japan Premium Service Industry Sector Automobiles & Transport Detail Vehicle Imports Japan Premium Service Government Sector Treasury Funds Balance of Receipts & Payments with the Private Sector 25 6 1 48 16 2825 2797 2839 2785 2832 Malaysia Money & Finance Banking (MFIs) Malaysia Money & Finance International Reserves Monthly series Malaysia Industry Sector industrial Production Manufacturing Production and Sales New Zealand Industry Sector Sales, Orders, Inventories Thailand Money & Finance Banking (MFIs) Non-Performing Loans EuropeAustria Producer Price Index Austrian get the picture Market Austrian wholesale, Retail Trade and Services Bulgarian National Accoun ts danish pastry Gross Fixed roof constitution Finnish Gross Fixed Capital Formation Construction French External Trade Statistics by Commodity & Area Netherlands Government Sector series Netherlands seasonally adjusted Quarterly Industrial Production Series Portuguese Employment and Industrial Sales Turnover Portuguese Government tax revenue and Expenditure Romanian Consumer Price Index Romanian Wages and stipend Slovak National Accounts Spanish International Reserves United Kingdom Detailed Index of Production 63 23 14 315 49 6 165 2873 2802 2852 2779 2789 2877 2857 35 39 90 8 12 20 298 35 12 2812 2868 2850 2859 2818 2826 2861 2810 2790See Explorer for Economics National Sources Austria Prices Producer Prices Austria Labour Market Employment & Hours Austria Industry Sector Sales, Orders, Inventories Retail Sales and other lists Bulgaria National Accounts GDP by industry Denmark National Accounts Investment/Capital Formation various lists Finland National Account s Investment/Capital Formation France External Sector Imports & Exports Trade by Commodity various lists Netherlands Government Sector Netherlands Industry Sector Industrial Production & role Production Indices SA Portugal Labour Market Employment & Hours and Wages & Earnings Portugal Industry Sector Sales, Orders, Inventories Portugal Government Sector Government Surplus/Deficit Romania Prices Consumer Prices Romania Labour Market Wages & Earnings Slovakia National Accounts GDP by Expenditure Spain External Sector International Reserves United Kingdom Industry Sector Industrial Production & Utilisation important Indicators Seasonally Adjusted and Not Seasonally Adjusted INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 32 New Series by Region Series Content Navigator Location Added Update See Explorer for Economics International Sources History 230 2754 European Commission Business and Consumer Surveys various lists Eurozone European Commission Aggregate Series for Eurozone 15 5 Business & Consumer Surveys ECB Aggregate Series for Eurozone 15 6 Prices and Labour Market ECB Aggregate Series for Eurozone 15 7 Retail Sales 10 2855 15 2845 European profound Bank ECB Monthly Bulletin Prices, Output, drive and Labour Markets Labour Market and HICP, Other Prices and Costs European Central Bank ECB Monthly Bulletin Prices, Output, Demand and Labour Markets Output and Demand Middle East & AfricaEgyptian Foreign Direct Investment by Area Egyptian Remittances Israel Wages and Employee Posts Israeli National Accounts sulphur Africa Energy Statistics Turkish Foreign Trade by Commodity (Broad Economic Categories) Turkish Foreign Trade by Commodity (ISIC Classification) Turkish Foreign Trade by Commodity (SITC) Turkish Foreign Trade by Country 77 152 45 2791 2794 2819 31 21 99 198 10 42 2860 2838 2764 2752 2854 2780 See Explorer for Economics National Sources Egypt External Sector External Investment & Debt Egypt Labour Market Wa ges and Earnings Israel Labour Market Employment & Hours and Wages & Warnings Israel National Accounts GDP by Expenditure South Africa Industry Sector Other Industry Detail Turkey External Sector Imports & Exports Trade by Commodity Imports and ExportsTurkey External Sector Imports & Exports Trade by Commodity Imports and Exports Turkey External Sector Imports & Exports Trade by Commodity Imports and Exports Turkey External Sector Imports & Exports Trade by Country International OECD Main Economic Indicators February 2008 24 2768 See Explorer for Economics International Sources History OECD Main Economic Indicators Indicators for OECD Zones and Indicators for OECD NonMember Countries various lists OECD Main Economic Indicators March 2008 8 2834 OECD Main Economic Indicators Indicators for OECD Member Countries and Indicators for OECD Non-Member Countries various lists INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 33Revisions and Methodology Changes It has been a busy period, with revisions to US seasonally adjusted data and index rebasings in a number of markets. Other more substantive changes have been made to balance of payments and the trade-weighted exchange rate for Euroland, household interest rates for the UK, Flow of Funds and planetary house Economy Survey for Japan, and unemployment statistics for Denmark. The following table summarises the revisions that have taken place in the last two months. Please refer to the Content Update itself (hyperlinked from the table) for further information and mnemonics of affect series. Country rewrite Data Content Update Changes to Economic SeriesAustralia Austria Denmark Euroland Israel Italy Japan Australian Construction naturalize Done Revised Australian Labour Force Survey Revised Austrian Wages Rebased Danish Unemployment Methodology Changed ECB Effective Exchange Rates Redefined Eurozone Monthly Balance of Payments Changed Israeli Wages and Employment Data Revised Italian Extern al Trade Index Rebased Japan Electronic Equipment Market Size and Demand Forecasts Changed Japan Flow of Funds Accounts Series Methodology Changed Rebased Japanese Household Economy Survey partly Discontinued Japan Real & Nominal Effective Exchange Rates Redefined Philippines South Korea Philippine Industrial Production Indices Rebased Philippine Producer Price Indices Rebased South Korean Business Indicator Composite Indices Rebased South Korean Housing Purchase Price Index Rebased South Korean Industrial Production Rebased South Korean Manufacturing Production Rebased & Changed South Korean Retail Sales Rebased South Korean Service Industry Index Rebased Sweden Taiwan Thailand Turkey UK USA Swedish Retail Sales Index Rebased Taiwanese Price Indices Rebased Thai External Trade & Terms of Trade Index Rebased Turkish National Accounts Rebased UK Bank of England Household Interest Rates Changed US Industrial Production & Capacity Utilization Revised US Seasonally Adjusted Consumer Pr ice Indices Revised US Seasonally Adjusted Existing Home Sales Revised US Seasonally Adjusted Pending Home Sales Revised US Seasonally Adjusted Producer Price Indices Revised US Seasonally Adjusted Unemployment Insurance Claims Revised US Wholesale Trade Sales and Inventories Revised 2792 2848 2827 2842 2760 2820 2759 2858 2849 2869 2878 2846 2757 2876 2821 2805 2799 2811 2813 2809 2806 2800 2767 2828 2836 2864 2882 2762 2784 2804 2781 2871 2872 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 Key Indicator Changes The Economics team continues to review Key Indicator selections for each market, in order to add more, ensure the best selection and toy more consistency across countries. See below for recent additions and hyperlinks to relevant Content Updates, where more information is given. Key Indicator ChangeAustria Consumer Credit Added Austria International Reserves Selection Changed Austria Producer Prices Selection Changed Chilean Consumer Credit and Bank Lending Added Israeli Employment and Wages Selection Changed Polish Producer Price Index Resourced Romanian Producer Price Index Now on Fixed Base Swedish Business Confidence Indicators Selection Changed Thai Bank Loans Series Added Mnemonics OECRDCONA OERESERVA OEPROPRCF CLCRDCONA & CLBANKLPA POPROPRCF RMPROPRCF SDCNFBUSR & SDCNFBUSQ THBNKLONA Content Update 2822 2807 2843 2837 2766 2793 2798 2773 ISWAGES. E, ISWAGMANF & ISEMPALLG 2758 Interest Rates Repo Rates for Thailand Four bilateral repurchase rates, as released by the Bank of Thailand, are now available. The series are weighted average rates with 1, 7, 14 and 30-day terms.The bilaterally symmetric Repurchase Operation is conducted through appointed Bilateral Primary Dealers and helps in stimulating the private repurchase market. Repurchase transactions are used by the bank to temporarily add or drain reserves available in the banking system. Mnemonics are as follows Description THAILAND isobilateral REPO RATE 1 DAY THAILAND BILATERAL REPO RATE 7 DAY THAILAND BILATERAL REPO RATE 14 DAY THAILAND BILATERAL REPO RATE 30 DAY DS Mnemonic THBRP1D THBRP7D THBRP2W THBRP1M Datatype IR IR IR IR INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 NEW VALUATION RATIOS RELEASED IN MARCH March saw the release of 1 new valuation ratios on Thomson Datastream.These ratios are calculated on the equity level as well as the industry, sector, country and regional levels of the Datastream Indices, and allow a great number of data comparisons to highlight trends which previously would have needed compilation of data before use. In brief, these ratios are based on the Worldscope database items and using wherever possible the latest interim data on a 12-month trailing basis. The full methodology is described in the following link on the Extranet http//extranet. datastream. com/data/Equities/documents/DatastreamGlobalEquityIndicesvaluationdatatypes-rulesvs4final. pdf INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 So what can we do with these ratios?Y ou can compare a company to its industry, locally and regionally, as is illustrated here using Return on Equity. About Martek Biosciences Corporation Founded in 1985, the groups hint activity is to develop, manufacture and sell naturally produced products derived from micro-algae, fungi and other microbes. The groups products and work include speciality, nutritional oils for infant formula, nutritional supplements and food ingredients to promote mental and cardiovascular health, fluorescent markers for diagnostics, rapid miniaturised screening and gene and protein detection. Its ROE is compared here with the US Food & the World Food industries.You can also make sector comparisons across different regions of the world using the regional-level aggregates Here we have compared the Capital Expenditure of the pharmaceutical industry in various regions Europe, USA, Far East and World. Capital expenditure for USA and Europe represents almost 90% of the capex spent in that industry worl dwide, and its interesting to see how the drop in US relative capex has been totally mirrored by an increase in Europes importance in this domain. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 or look at a particular sector in a different light, using here the Interest coverage ratio to illustrate the Turkish Telecom Sector and its ability to repay debt Interest charge coverage, also called interest coverage ratio, is defined by EBIT divided by the interest expense for each period.It indicates the ability of the company (or in this case the sector) to repay its debt using the income generated by the business. Levels above 3 are considered having a strong ability to repay debt, while businesses whose ratio drops below 1. 5 (red line on the chart) are considered risky. Its interesting to show how the sector market index started picking up once the interest coverage ratio moved above 3 towards the end of 2004. This is also when the sector was open to competition. New licences were g ranted to 16 suppliers of data transmission services in fixed telephony. Further steps towards liberalisation and breaking up of the monopoly were taken in 2005/06 by the sale of Turk Telekom.Vodafone repurchased Telsim, the second largest mobile phone operator. The Turkish telecommunications network continued to grow, currently ranked the thirteenth largest market in the world and fifth in Europe. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 COMPANY ADDITIONS TO WORLDSCOPE During February and March over 00 companies were added to the Worldscope Database. These additions included 112 US Companies and a continuing expansion of coverage of Middle Eastern markets. Also, Nigeria was added to our country coverage. Worldscopes total coverage at 8th April 2008 consisted of 56,448 companies, 36,508 of which were active companies. 10,172 of these companies are Limited data set companies (8,064 active).COUNTRY ARGENTINA AUSTRALIA AUSTRIA BAHRAIN BELGIUM BERMUDA BRAZIL CANADA CAYMAN ISLANDS CHILE CHINA COLOMBIA CZECH REPUBLIC DENMARK EGYPT ESTONIA FINLAND FRANCE GERMANY GREECE HONG KONG HUNGARY ICELAND INDIA INDONESIA IRELAND ISRAEL ITALY JAPAN JORDAN KOREA (SOUTH) KUWAIT LITHUANIA LUXEMBOURG MALAYSIA MEXICO MOROCCO NETHERLANDS tally 0 FEB 200 113 2490 203 35 286 82 602 2524 28 261 1903 54 82 330 59 7 238 1657 1550 401 1168 46 19 2102 401 158 225 525 4816 30 1154 87 3 68 1208 227 26 408 COMPANIES ADDED FEB-MAR 200 5 25 1 5 5 1 2 15 2 3 50 0 1 0 3 0 0 13 4 0 4 5 0 26 8 0 2 6 37 5 17 9 0 0 4 2 0 1 ACTIVE APR 200 86 1912 105 40 148 76 386 1598 22 218 1895 35 20 170 55 7 138 866 1052 288 1022 29 17 2023 359 79 186 295 3971 35 974 96 3 46 1002 132 24 212 INACTIVE APR 200 32 603 99 0 143 7 218 941 8 46 58 19 63 160 7 0 100 804 502 113 150 22 2 105 50 79 41 236 882 0 197 0 0 22 210 97 2 197 TOTAL APR 200 118 2515 204 40 291 83 604 2539 30 264 1953 54 83 330 62 7 238 1670 1554 401 1172 51 19 2128 409 158 227 531 4853 35 1171 96 3 68 1212 229 26 409 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 39NEW ZEALAND NIGERIA NORWAY PAKISTAN PERU PHILIPPINES POLAND PORTUGAL QATAR RUSSIAN FEDERATION SAUDI ARABIA SINGAPORE SLOVAKIA SLOVENIA SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND TURKEY UNITED ARAB EMIRATES UNITED KINGDOM UNITED STATES VENEZUELA VIRGIN ISLANDS (BRITISH ZIMBABWE OVERALL TOTALS 202 0 409 152 103 263 263 144 35 123 55 772 25 11 843 316 34 607 437 1685 639 263 36 4563 18192 50 13 30 1 3 5 5 2 13 2 21 1 1 33 24 9 0 1 20 5 2 6 1 35 5 0 13 23 112 0 0 4 0 114 5 193 130 86 241 246 60 36 141 79 647 10 12 370 150 32 330 275 1500 535 230 48 2298 9039 35 12 32 30 91 0 221 24 30 24 38 85 0 15 0 134 15 0 493 171 4 283 163 220 109 33 1 2288 9265 15 1 2 1990 205 5 414 154 116 265 284 145 36 156 79 781 25 12 863 321 36 613 438 1720 644 263 49 4586 18304 50 13 34 INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 0 CONTRIBUTORS PRODUCT MANAGEMENT PAUL BACON DATAFEEDS paul. emailprotected com +44 (0)20 7324 6873 JULIAN RICKARDS DATASTREAM ADVANC E, DSWINDOWS, DSDDE julian. emailprotected com +44 (0)20 7336 1944 CASEY PEARCE DATASTREAM INTERACTIVE CHARTING casey. emailprotected com +44 (0)20 7324 9359 IAN BROCKLEHURST THOMSON ONE INVESTMENT MANAGEMENT SOLUTIONS ian. emailprotected com +44 (0)20 7324 8890 DAVID BERNARD THOMSON ONE INVESTMENT BANKING SOLUTIONS david. emailprotected com +44 (0)20 7336 1930 STEVE KELLY THOMSON EXTEL SURVEYS steve. emailprotected com +44 (0)20 7324 9200 CONTENT MANAGEMENTNICOLAS DE LAURENS CASTELET GLOBAL CONTENT SOLUTIONS nicolas. emailprotected com +44 (0)20 7336 1950 STEPHEN CARTER COMPANY ACCOUNTS stephen. emailprotected com +44 (0)29 2063 1943 ANNE SIEBER EQUITIES, EQUITY INDICES, FUNDS & 3RD-PARTY DATA anne. emailprotected com +44 (0)20 7324 9741 JAMES BRIGHT I/B/E/S GLOBAL AGGREGATES ESTIMATES DATA james. emailprotected com +44 (0)20 7324 9600 NELSON SALSINHA DERIVATIVES & COMMODITIES nelson. emailprotected com +44 (0)20 7324 9455 MADELEINE DISARIO ECONOMICS madeleine. emailprotected com + 1 301 545 4255 TONY MCCORMACK placed INCOME tony. emailprotected com +44 (0)20 7014 1232