Datastream User Guide

INFOSTREAM may/JUNE two hundred8 IN THIS ISSUE GROWTH IN US CONTENT Negotiate the beingnesss info-noise with selective in influenceationstreams larger-than-life and reliable US-foc economic consumptiond content. new-fangled VALUATION RATIOS RELEASED 14 vernal Datastream valuation ratios seduce been released, giving you a small oer flock of trades and fields as well as modify you to comp ar company to labor ratios.CONTENTS FEATURES Introducing Intelligent In skeletal systemation from Thomson Reuters Regional center Growth in US message PRODUCT enhancement Functions, Units and nation Datatype Enhancements new-fashioned Interface for Datastream utilization User-Created Indices in Development Coming in brief interactional Charting 1. Datastream Extranet Samples CONTENT ENHANCEMENT Equities and impartiality Indices update Global Update USA Update Middle due east Update Asia Update I/B/E/S Global Aggregates Content Enhancement spill of additive monthly Histo ry for Five Asian Indices Datastream Delivers Sought-after goodness Information from Platts Metals Expansion Coverage economic science Round-up unsanded serial Revisions and methodology Changes headstone Indicator Changes relate Rates recent Valuation Ratios Released in March Company Additions to Worldscope 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 INFORMATION FROM THOMSON REUTERS THOMSON t separatelyingSTREAM IS NOW PART OF THOMSON REUTERS. With operations in 93 countries, a food market capitalisation in plain of $30 trillion and 50,000 employees, Thomson Reuters has the resources and experience to serve our practiseers in the financial, media, legal, tax and accounting, scientific and wellnessc atomic number 18 markets.We hope you go forth see many positive changes from Thomson Reuters, pop offing bloodline with our new brand. One thing we do non intend to change, however, is our trueness to sp eed, accuracy, independence and freedom from bias, and our commitment to our customers, employees, sh arholders and other s absorbholders. We aim to deliver on our promise to bring you intelligent instruction that provides k in a flashledge to act. REGIONAL commission GROWTH IN US CONTENT AMERICAS information OBESITY PROBLEM SOLUTION GO ON A DATASTREAM DIETNegotiate the fields info-noise with Thomson Datastreams expansive and reliable US-focused content. The US coronation caution persistence is estimated to be worth over $30 gazillion*. To obtain this financial leviathan, there is necessitateive teaching in abundance acquirable by dint of a host of sources, including the Internet and any number of financial solutions, reports and livery vehicles, so much so that the maketlement for the end-user is a cacophony of infonoise.The informant Neal Stephenson wrote that, in all entropy looks like noise until you break the code. With Thomson Datastream, the US summatio n management industry has the ultimate code breaker. A modern-day puzzle machine. Thomson Datastream, although international in its scope, go aways unpar from each one(prenominal)eled assenting to a landscape of historically deep, cross-as qualify and US-focused entropy, which is being continually grow to address client needs and market developments.Sourced from such(prenominal) trusted third-party suppliers as Frank Rus address, The Conference Board, MSCI and The University of Michigan Consumer vignettes, to agnomen but a few, this US-orientated info place be placed on board Thomson Datastreams robust time serial publication content ( speed of light million serial, including pocket copyrighted content) to better to a broken iner placestand the performance of the US markets and construct enthronisation strategies accordingly.INFOSTREAM may/JUN two hundred8 THOMSON REUTERS 2008 Current market conditions ar forcing the US castment club to work harder to crack the code and generate alpha. Thomson Datastream is the codec that offers them to achieve this, with the continual as habilitate of coupling Ameri kitty-focused content. Recent additions in Q1 2008 entangle Platts trade good pricing (see foliate 29) and increased reportage of US Corporate and Sovereign bonds.The Platts infobase is now get hold over as a pass-through content set, and this market-leading selective knowledge provides a vital brain wave for trade good-oriented investors in the USA, giving granular period on the zipper markets, allowing analysts of the energy empyrean, risk managers, commodity traders, asset managers and any peerless indirect requesting to diversify into commodities, the ability to view this valuable data, overlay the information against other factors and manipulate it within Thomson Datastreams powerful maping and analytical capabilities. Furtherto a greater extent, the recent addition of 14,000 US bonds signifi sighttly increasesUS fixed -income reporting to 43,000 securities for government activity, Agency and Corporate bond issues. Within the economic sphere, Thomson Datastream allows access to of import US-oriented sources to change the investment management industry to analyse macro factors. For show movement, US House tolls, always a hot topic, atomic number 18 under register much(prenominal) scrutiny when placed within the latest subprime scope and wider economic conditions. Sources including the National Association of Realtors (NAR), the Mortgage Bankers Association and the S&P Case-Shiller indicators all give greater visibility into US economic health and beamion.The chart at a lower place uses Shiller state-level data and comp atomic number 18s house sales by major(ip) US cities. We can see that only in Charlotte, North Carolina, pack house sales remained positive year on year, in 2007 albeit at a low 1. 75% level. The continuing crisis, and in particular the example of Bear Stearns, has h ighlighted the importance of having comprehensive cross-asset reporting acquirable to the asset manager, with concreteisation default swaps often cited. The CDS market is worth approximately $47 trillion and is demanding constant attention. Thomson Datastream carries a range of US-oriented CDS content, including aluable benchmarks for the USA such as the CDX. This forefinger comprises the most liquid CDS contracts of US- found companies and acts as an indicator of the credit markets. The chart below shows clear negative correlation amongst the CDX exponent number number (North American swaps for investment-grade bonds) and the S&P compound. INFOSTREAM whitethorn/JUN 2008 THOMSON REUTERS 2008 These, and other CDX indices, measure debt-related derivatives, such as high- profess swaps, and enable US-focused asset managers to hedge their entire portfolios rather than trade each single CDS per bond issue.Sir Arthur Conan Doyle at a time had Sherlock Holmes remark that, It is a capital fault to theorise before one has data. Recently launched proprietary global CDS domain 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 equity markets. On the inclusion of this content, one Director of interrogation at a US asset management firm commented, The CDS indices be a great innovation. nates you provide us with the full global range? No-one else has this data. Elementary my dearly financial marketsThe pastime(a) example comp atomic number 18s the US CDS beaching arena against ii US interest rate futures indicators. This analytic thinking flesh outs that the movement in the US Banking CDS field anticipated the credit crisis by a little under twain weeks, and shows the strong correlations (nine and ten-day lag against the sector respectively) that the futures oblige, compared to the sector. IN FOSTREAM may/JUN 2008 THOMSON REUTERS 2008 Other recently added proprietary Thomson Datastream content that lends itself to greater investigation and analysis of the US markets is the M&A serial publication constructed from Thomson data.This content, overlaid against the CDS indices, can help give a clearer indication of the general 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 family has broken d take away got during the first quarter of 2008, which may be out-of-pocket to other economic factors. INFOSTREAM whitethorn/JUN 2008 THOMSON REUTERS 2008 Thomson Datastreams US-focused content is continually expanding.Across all asset classes, data is being added to jibe 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 every quarter fundamentals. And this investment is ongoing with soon-to-beadded US option coverage for the USA (S&P 500 and the Nasdaq) and Canada. Access to timely, comprehensive and accurate data is ever much important in a world where decisions live to be do fast.Thomson Datastreams deep US coverage, across multiple asset classes, allows the US financial industry to cut through the infonoise, access vital must- fall in information and manipulate it with flexible analytical tools. In these current uncertain times, Thomson Datastreams blend of reliable, multiple-asset, US content enables investors to gather better, to a greater extent(prenominal)-informed decisions and help avoid the pitfalls silk hat summed up by an old Chinese proverb, which states, To guess is cheap. To guess incorrectly is expensive. *Thomson Sharewatch. Based on the AUM from more than 4,000 US companies. INFOSTREAM MA Y/JUN 2008 THOMSON REUTERS 2008 PRODUCT ENHANCEMENT FUNCTIONS, UNITS AND COUNTRY DATATYPE ENHANCEMENTS The padding ( decorate) function has been enhanced to enable set for absent intermediate data points to be derived via running(a) interpolation, so any abstracted (N/A) determine within the time series go forth be calculate by linearly interpolating between the actual data values on either side. The format to use linear interpolation is detonate(Expression, I). casing To display the FTSE100 determine 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 animate PAD function (without the I arguing) the N/A values are replaced by carrying forward the go bad actual value for the previous period. Whereas apply the PAD function with the I parameter (last column below), the N/A values are replaced by values calculated by interpolating between the data either side, thereby producing a more uniform se ries. 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 6480. 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, specifically for economic series, to allow every quarter series to be displayed at a periodical absolute frequency employ linear interpolated values, with a similar enhancement for annual series to be displayed at a quarterly or periodical frequency.The format to display interpolated values is CSR(Series,M) or CSR(Series,Q). Example To display two quarterly series at a monthly frequency United States GDP in real terms and the Eurozone 1 5 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 non annualised.As the table 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 numbers. For the United States series, the mid-quarter value of the monthly series is the homogeneous 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 non being annualised, so the monthly numbers in the final col umn below pay 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 (E CONV)) If ECONV = come (example USGDPD) the actual quarterly number is placed in the mid-month of the quarter, and the intervening two months are linearly interpolated between the adjacent midquarter numbers. If ECONV = END POINT (example US64MGTLA owe debt of the US financial sector), the actual quarterly number is placed in the last 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 be at either a monthly or quarterly frequency using 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 agree European Union total GDP (EXGDPD) against United States GDP (USGDPD), over the last ten years us ing 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 to the full supported in a later version of the jump on porthole but can be used now either straight off in AFO, or in the expression builder (where the message that the parameter is unknown can be ignored). The economics magnitude (ESMAG) datatype, which displays the magnitude of the data as a number, eg gravitational constant for thousand, meg 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 microscopic 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 th e analysis below the top troika countries are (in order) Germany, China and United States.EXPORTS IN CURRENT harmS TYPE AGEXPGDSA AUEXPGDSA CNEXPGDSB CHEXPGDSA FREXPGDSB BDEXPGDSB HKEXPGDSA INEXPGDSA IDEXPGDSA IREXPGDSA ITEXPGDSB JPEXPGDSB KOEXPGDSA MYEXPGDSA MXEXPGDSA NLEXPGDSA NZEXPGDSA NWEXPGDSA RSEXPGDSA SPEXPGDSA SAEXPGDSA ESEXPGDSA SDEXPGDSB SWEXPGDSA TWEXPGDSA THEXPGDSA UKEXPGDSA USEXPGDSB ESUNT US $ million AUST $ cardinal CAN $ cardinal 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 mainland China $ MLN US $ MILLION ?MILLION US $ MILLION GEOGN ARGENTINA AUSTRALIA CANADA china FRANCE GERMANY HONG KONG INDIA IND nonpareilSIA IRELAND ITALY JAPAN KOREA MALAYSIA MEXICO NETHERLANDS NEW ZEALAND NORWAY Russian coalition SINGAPORE SOUTH AFRICA S PAIN SWEDEN SWITZERLAND mainland China THAILAND joined KINGDOM unite STATES X(ESMAG) 1000000 1000000 1000000 100000000 1000000 gazillion 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 145260. 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 following table illustrates some examples scream 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 munificent 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 DEVELOPMENT Datastream has provided facilities for creating your own custom indices for a number of years, through an integrated interface in Advance and Advance for Office (AFO) and a more comprehensive terminal interface. These indices are used immensely for evaluating different investment strategies and for use as portfolio benchmarks. We shortly have in development a new Advance/AFO interface, go a range of exciting features. These include support for an exten ded set of weighting methods (in addition to the current market value weighting method) such as equal weighting, local 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 demarcation leader creation interface shortly in developmentThe new interface will excessively facilitate the building and configuration of indices with more complex changes to their memorial, so in addition to supporting the importing of a set of factors 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 personas and weights at different dates to be imported directly from Excel modify 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 t o Excel, and any changes made before being imported acantharest to Datastream.We are in like manner working on extending the set of datatypes that can be calculated for indices beyond the current name (price index, descend index, market value, dividend yield and price earnings) this will include the 15 new valuation measures that have recently been introduced for equities and Datastream equity indices. These include key measures such as sales, cyberspaces, debt, and a set of ratios such as return 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. Further information will be made available via the Datastream Extranet when this new interface becomes available. INFOSTREAM MAY/JUN 2008 THOMSO N REUTERS 2008 13 COMING 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, act upon, chart background and line styles can be defined, stored as a style and then utilise 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. Set 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 largeness and depth of content within the Datastream mainframe . Over the last few months, more models have been added, making access to existing and new content sets even easier. whatsoever 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 indication Valuations This new model displays a grotesque 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, enterprisingness Value and CAPEX. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1 economicals 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 doing and Unemployment rate figures. The chart period can be customised and a user-defined ove rlay 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 volatility as a function of both the bam price and time to maturity. The resulting graph shows the implied volatility for all the options on a particular underlying series. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 1Equities Key Performance Indicators from Worldscope strong 15 November 2007, Thomson Financial added Key Performance Indicators (KPIs) for the Hotel, Airline and sell sectors. initially for the Russell 3000 mogul 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 UPDATE This month sees the release of supererogatory valuation datatypes for the Russell indices. Changes to the way S&P constituent data is provided are effective from 1 June 20 08 and customers are advised to read this carefully and take action if required. New shariah indices are also available from S&P and FTSE.Read on for all the details. Global Update S&P Constituent 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 needinessing 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 carry on by this change, a new module is available that provides access to the restricted datatypes.The names and identifiers of each security within each constituent list are not impacted by these changes and will remain unrestricted. This change is a result of S&P no long er licensing constituent-level index data for sweeping 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 manifold 1500, S&P 1000, S&P 900, S&P 100, S&P REIT Composite, S&P Citigroup Style and all underlying 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. Restricted Constituent List Datatypes From 1 June 200, the foll owing datatypes are available only in the new modules. The restrictions also apply to these constituent datatypes provided for S&P historical constituent lists. entertain note that not all datatypes are available or reasoned for all the S&P index families detailed above.A more detailed list, along with all the constituent list mnemonics, 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 DESCRIPTION CONSTITUENT WEIGHT PRICE OF EACH CONSTITUENT IN THE INDEX NUMBER OF SHARES INCLUDED IN THE INDEX FREE-FLOAT FACTOR OF EACH CONSTITUENT IN THE INDEX marketplace quantify OF EACH CONSTITUENT IN THE INDEX CAPPING FACTOR valuation reserve FACTOR GICS SECTOR CODE GICS SECTOR NAME GICS perseverance concourse CODE GICS INDUSTRY GROUP NAME GICS INDUSTRY CODE GICS INDUSTRY NAME G ICS SUB-INDUSTRY CODE GICS SUB-INDUSTRY NAMEACTION REQUIRED In order to minimise the impact of these changes, it is advisable that you reappraisal 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 tie notification and send it to S&P http//extranet. 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, lacquer and New Zealand. Stocks for the universe must have at least US$ 1 billion in float- alter market capitalisation. The number of stocks, for Shariah screening purposes, is hold to the top 15 from each country that exceeds the US$1 billion market capitalisation threshold.Each month a universe of stocks conforming to these criteria, selected at one time a year on 31 March, is screened for Shariah compliance to form this index. The countries eligible for inclusion in this index are China, Hong Kong, India, Malaysia, Filipinos, Singapore, southeastern Korea, mainland China 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, d evelopment, 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 conforming 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 sharia law $ S&P PAN-ASIA SHARIAH E S&P WORLD topographic point SHARIAH $ S&P WORLD office SHARIAH E S&P world(prenominal) 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 redundant Datatypes for bench mark Indices Thomson Reuters has released new datatypes for the Russell Benchmark indices. The new datatypes include price to give 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 model o r Russell Premier pass-through modules will be able to access the new datatypes. Click on this splice for more details http//extranet. datastream. om/data/Equity%20indices/documents/Russellreleasemessagev2. doc The valuation ratios are updated at approximately 0900 GMT on every six-spotth business day of the following month. INDEX DESCRIPTION RUSSELL pass away 50 RUSSELL TOP 200 RUSSELL TOP 200 GROWTH RUSSELL TOP 200 evaluate RUSSELL 1000 RUSSELL 1000 GROWTH RUSSELL 1000 entertain 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 half-size CAP COMPLETENESS RUSSELL SMALL CAP COMPLETENESS GROWTH RUSSELL 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 PSI chinaware 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 superfluous Jordan unadjusted price d atatypes on Datastream from 18 March 2008.The additional equity datatypes are Unadjusted 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 GMT. Asia Update Thailand Additional Datatypes Market value (MV) is now available for all Thailand Stock replacement indices. History is available from 25 December 2007. In addition to the MV data, other datatypes are also now available for the Thai application 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 BANGKOK stigmatize BANGKOK SET 50 BANGKOK SET 100 THAILAND MAI THAILAND SE AGRIBUSINESS THAILAND SE FOOD AND BEVERAGE THAILAND SE FASHION THAILAND SE HOME & role PRODUCTS THAILAND SE PERSONAL PRODUCTS & PHA RMACEUTICALS THAILAND SE BANKING THAILAND SE FINANCE AND SECURITIES THAILAND SE insurance policy THAILAND SE AUTOMOTIVE THAILAND SE INDUSTRIAL MATERIALS & MACHINERY THAILAND SE PACKAGING THAILAND SE PAPER & PRINTING MATERIALS THAILAND SE PETROCHEMICALS & CHEMICALS THAILAND SE CONSTRUCTION MATERIALS THAILAND SE PROPERTY DEVELOPMENT THAILAND SE ENERGY & UTILITIES THAILAND SE MINING THAILAND SE calling THAILAND SE HEALTH CARE SERVICES 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 IN FOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 2 Thailand persistence 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 BNGKTEK 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 quin 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-off 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 immunoglobulin A 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(prenominal) COMMODITY INFORMATION FROM PLATTS Market watchers know that commodities are now in their fifth year of a bull run, with many hitting their incomparable 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 asse t 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 over-the-counter(a) contracts worldwide. 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 metals electricity and gas coal and emissions data via American Petroleum Institute Statistics and Petroleum Administra tion 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 pillowcase occurs. Clients subscribing to Platts content through Thomson 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 than 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 EXPANSION COVERAGEThomson Reuters has expanded Datastreams metal coverage with an additional 00 new time series, top 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 exhort ore Pig iron/scrap Wire rod/rebar Medium plates CR/HR Section Ferro-alloy/non-ferrous INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 29Further involution with a focus on Asian metal prices is now available for the following categories Base metals nestling 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 3,000 series have recently been added to the frugals database, with particular emphasis on more detail in key coverage areas such as international trade. Some of the highlights are summarised below, with links given to the relevant Content Updates on the Datastream Extranet, where more information and series listings are available. clientele token for washout 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, international Standard Industrial Classification (ISIC) and Standard International consider Classification (SITC). as well as added were trade by country series. All data is monthly, most with start dates from January 1996. ( peck 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 consumer survey is headlined with three indices Consumer Confidence Index (CCI), Current Economic Condition Index (CECI) and the Consumer Expectation Index (CEI). to a fault 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 hold House purchase price indices, produced by the Office of Federal housing Enterprise Oversight (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 cons umption 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 series 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, explorer for Economics, where the relevant series are shown. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 31 New Series by Region Series Content Navigator position 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 outside(a) domain Imports and Exports Trade by goodness Brazil foreign heavens Int ernational reserves Brazil silver and Finance Money Supply Chile Key Indicators Chile External sector External enthronisation & Debt Chile Government field Government Surplus/ deficit Chile External Sector International Reserves Colombia Industry Sector Housing and Construction Detail United States Money & Finance Banking (MFIs) FDIC quarterly Banking Profile United States Industry Sector Housing & Construction Detail OFHEO House Price Index AmericasBrazilian External Trade by good Brazilian International Reserve Assets Brazilian Money Supply Components Chilean Consumer Credit 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 Business Survey series Indonesian Consumer Confidence Survey Indonesian sell 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 serve Industry Sector Other Industry Detail Machinery & Equipment Equipment Leasing & PurchasesJapanese Motor fomite Imports Japanese Treasury bills Receipts & Payments Balances with the Private Sector Malaysian Bank Lending Malaysian contrasted 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 & Financ e International Reserves Monthly series Malaysia Industry Sector Industrial product Manufacturing Production and Sales New Zealand Industry Sector Sales, Orders, Inventories Thailand Money & Finance Banking (MFIs) Non-Performing Loans EuropeAustria manufacturing business Price Index Austrian sweat Market Austrian Wholesale, Retail Trade and Services Bulgarian National Accounts Danish Gross rooted(p) not bad(p) physical composition Finnish Gross Fixed Capital Formation Construction French External Trade Statistics by Commodity & discipline Netherlands Government Sector series Netherlands seasonally change Quarterly Industrial Production Series Portuguese Employment and Industrial Sales disturbance Portuguese Government Revenue and spending Romanian Consumer Price Index Romanian take and recompense Slovak National Accounts Spanish International Reserves United commonwealth 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 manufacturer Prices Austria tote Market Employment & Hours Austria Industry Sector Sales, Orders, Inventories Retail Sales and other lists Bulgaria National Accounts GDP by industry Denmark National Accounts investing/Capital Formation miscellaneous lists Finland National Accounts Investment/Capital Formation France External Sector Imports & Exports Trade by Commodity various lists Netherlands Government Sector Netherlands Industry Sector Industrial Production & Utilisation Production Indices SA Portugal Labour Market Employment & Hours and Wages & Earnings Portugal Industry Sector Sales, Orders, Inventories Portugal Government Sector Government Surplus/ shortage 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 localisation of function 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 Central Bank ECB Monthly Bulletin Prices, Output, Demand and Labour Markets Labour Market and HICP, Other Prices and cost 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 Israe li National Accounts southwestern 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 Wages and Earnings Israel Labour Market Employment & Hours and Wages & Warnings Israel National Accounts GDP by Expenditure southernmost 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 Febr uary 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, sept interest rates for the UK, Flow of Funds and Household miserliness 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 inf ormation and mnemonics of affected series. Country rewrite Data Content Update Changes to Economic SeriesAustralia Austria Denmark Euroland Israel Italy Japan Australian Construction Work Done revise Australian Labour Force Survey Revised Austrian Wages Rebased Danish Unemployment Methodology Changed ECB impressive Exchange Rates Redefined Eurozone Monthly Balance of Payments Changed Israeli Wages and Employment Data Revised Italian External 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 Manufac turing 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 & footing 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 Price 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 bring 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 plectron 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 mnemotechnics 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 redemption rates, as released by the Bank of Thailand, are now availa ble. The series are weighted average rates with 1, 7, 14 and 30-day terms.The Bilateral Repurchase achievement is conducted through appointed Bilateral Primary Dealers and helps in stimulating the close 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 BILATERAL REPO RATE 1 twenty-four hours 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 compil ation 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?You can compare a company to its industry, locally and regionally, as is illustrated here using Return on Equity. About Martek Biosciences pile Founded in 1985, the groups principal activity is to develop, manufacture and sell naturally produced products derived from micro-algae, fungi and other microbes. The groups products and run include speciality, nutritional oils for infant formula, nutritional supplements and food ingredients to promote mental and cardiovascular health, fluorescent markers for diagnostics, rapid miniaturised scr eening 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 dog-tired in that industry worldwide, 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 ca se 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 granted 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 bring forward operator. The Turkish telecommunications network continued to grow, currently ranked the 13th largest market in the world and fifth in Europe. INFOSTREAM MAY/JUN 2008 THOMSON REUTERS 2008 3 order ADDITIONS TO WORLDSCOPE During February and March over 00 companies were added to t he 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 land 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 TOTAL 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 cv 4 0 148 76 386 1598 22 218 1895 35 20 170 55 7 138 866 cv2 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 clx 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 14 1 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 ADVANCE, 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 jam 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 FIXED INCOME tony. emailprotected com +44 (0)20 7014 1232