Daewoo Global Markets US Markets Eurozone European stocks closed flat on Friday afternoon's trade, the day after the European Central Bank (ECB) quashed talk regarding its futuremonetary policy, sending the euro to its lowest point since March. Shares of InterContinental Hotels Group tumbled after third-quarter results pointed to a slowdown on the back of security fears damaging enthusiasm for travel, while demand for hotels in oil-producing areas of the United State s was hit by continued oil price volatility. As a result, InterContinental Hotels Group shares closed 2 percent in the red. Elsewhere, British American Tobacco's stock jumped on the announcement it is offering $47 billion to buy out the stake it does not own in Reynolds American. However, though shares rose 4 percent at one stage in morning tra de, BAT soon ran out of steam and closed down 2.8 percent Stocks closed mostly flat on Friday amid a strong dollar and as earnings season continued. The Dow Jones industrial average closed about 15 points after momentarily trading higher, with IBM contributing the most losses, offsetting gains from McDonald's and Microsoft. At session lows, the index fell points. Th e S&P 500 ended around breakeven after holding lower for most of the session, with consumer discretionary lead ing advancers. The U.S. dollar rose approximately 0.37 percent against a basket of currencies, hitting a seven-month high. There are no major economic data due Friday, but San Francisco Fed President John Williams said in a speech he thinks the U.S. economy is pretty much at full employment, adding the economy is in good shape and heading in the right direction. However, he also said the dollar and low energy prices were weighing on inflation. Market expectations for a Fed rate hike in December were more than 60 percent, according to the CME Group's FedWatch tool. Fed Governor Daniel Tarullo delivered a speech midmorning ET in which he did not address monetary policy, but did say the U.S. central bank may introduce more measures to test big banks' capital and liquidity.

Daewoo Indonesia Equity Movers (October 21, 2016) Investment Information Team *MEDC +3.7%, extend gains after Co managed to record net profit of USD22.44 million in 3Q16 af ter suffering a loss of USD44.75 million in 3Q15. *INDF +1.4%, posted the largest increase in 1 week after Co’s independent shareholders approve d plan to sell stake in China Minzhong Food Corp. *JSMR +0.2%. Jasa Marga sets rights issue price range IDR3,700-IDR4,500 per share. Sharehold ers with 750,000 existing shares get 43,767 to 53,230 rights to buy new shares. *INCO -5.9%, biggest drop in more than 2 weeks. In 3Q16, INCO nickel production fell to 21,744 t onnes from 22,147 tonnes a year earlier. Meanwhile, nickel futures retreated extending 1.8% drop on Thursday. *PTBA -4% amid weakening coal prices for January 2017 contract, which is the most-active contra ct on Rotterdam exchange. *BUMI -1.6%, but still recorded a weekly gain of 59.2%. Indonesia Stock Exchange include co’s sh are into Unusual Market Activity (UMA).