image

Indexes
Currencies
Commodities
Rates

Index Performance

Changes between 2016-07-18 and 2016-07-21
NdexLastWkChPct
Jakarta Stock Exchange Composi5265.1522.70
Warsaw Stock Exchange WIG Tota46504.822.12
Nikkei 22516802.671.85
Ibovespa Brasil Sao Paulo Stoc56578.051.80
Mexican Stock Exchange Mexican47505.251.70
Hong Kong Hang Seng Index22037.431.37
FTSE 100 Index6728.990.90
Deutsche Boerse AG German Stoc10142.010.75
S&P 500 Index2173.020.52
Dow Jones Industrial Average18595.030.42
S&P/TSX Composite Index14533.570.35
Karachi Stock Exchange KSE100 39098.790.20
Shanghai Stock Exchange Compos3048.749-0.10
Korea Stock Exchange KOSPI Ind2012.48-0.43
S&P BSE SENSEX Index27874.48-0.45
FTSE/JSE Africa All Share Inde52837.86-0.47
Russian Depositary Index USD1110.41-1.22
MICEX Index1915.09-1.33
Russian Trading System Cash In949.25-1.50
Borsa Istanbul 100 Index74902.88-9.57

Weekly Currency Performance
CurrencyLastWkChPct
USDJPY107.111.40
USDCAD1.30450.79
USDRUB63.67420.55
USDINR67.25130.25
USDBRL3.26-0.62

Weekly Commodities Performance
nameunitsPriceWeekCh
PalladiumUSD/T OZ.669.344.21
RiceUSD/CWT10.782.08
CopperUSD/MT4966.000.98
SugarUSD/LB.19.28-0.16
CoffeeUSD/LB.147.00-0.37
OIL BrentUSD/BBL.47.35-0.57
PlatinumUSD/T OZ.1080.65-0.72
OatsUSD/BU.201.75-0.86
GOLDUSD/T OZ.1314.62-1.11
CattleUSD/LB.108.08-1.61
COCOAUSD/MT2969.00-3.13
HogsUSD/LB.63.88-3.21
WheatUSD/BU.414.25-3.27
SilverUSD/T OZ.19.29-3.50
SoybeansUSD/BU.1014.75-3.75
CornUSD/BU.346.00-4.35
NATURAL GAS (NYMEX)USD/MMBTU2.65-4.68

Weekly Bond Rates Performance Change in btps
countryyieldWk1m1y
GREECE 7.77%15 +6 -347
SINGAPORE 1.76%5 -31 -90
CANADA 1.12%4 -13 -44
SWITZERLAND -0.57%4 -8 -57
SOUTH KOREA 1.43%3 -18 -102
UNITED STATES » 1.58%1 -13 -75
GERMANY » -0.01%1 -6 -79
FRANCE 0.22%1 -20 -86
ITALY 1.24%1 -21 -72
NETHERLANDS 0.10%1 -18 -85
UNITED KINGDOM » 0.83%0 -45 -125
HONG KONG 0.90%0 -18 -92
INDIA 7.28%0 -22 -56
MEXICO 5.97%-1 -9 -8
JAPAN » -0.25%-1 -10 -65
PORTUGAL 3.04%-4 -10 +43
SPAIN 1.15%-6 -35 -85
AUSTRALIA » 1.91%-8 -24 -101
NEW ZEALAND 2.22%-9 -28 -120
BRAZIL 11.77%-15 -74 -50

Weekly GEM Sov. Bond Rates Performance Change in btps
Data in this table is from last Thursday Fixed Income update
CountryAverage YieldYield Average change % pts
China2.590.06
Kazakhstan4.680.05
Uruguay3.970.02
Russian Federation4.020.01
Philippines2.450.01
United States0.480.01
Malaysia3.44-0.04
Oman4.76-0.04
Peru3.44-0.04
Turkey4.10-0.05
Slovak Republic1.74-0.05
Colombia3.68-0.05
Hungary3.35-0.07
Croatia (Hrvatska)4.08-0.07
Serbia3.61-0.08
Romania3.30-0.08
Chile2.70-0.10
Indonesia3.96-0.10
Mexico3.92-0.10
Panama2.87-0.11
Poland2.28-0.12
Paraguay5.28-0.12
El Salvador7.88-0.13
Ecuador10.20-0.14
Lebanon6.37-0.14
Brazil4.70-0.15
Lithuania2.15-0.15
Vietnam4.03-0.17
Azerbaijan5.08-0.25
Jamaica5.68-0.26
Argentina6.11-0.26
Pakistan5.79-0.28
Costa Rica5.89-0.28
Egypt6.02-0.28
Ukraine8.07-0.29
Dominican Republic5.05-0.30
South Africa4.29-0.31
Iraq9.82-0.36
Morocco2.87-0.36
Cote D'Ivoire (Ivory Coast)6.19-0.39
Tunisia6.44-0.40
Sri Lanka5.40-0.43
Venezuela27.01-0.45
Ghana9.91-0.52
Zambia10.23-0.52
Kenya7.38-0.52
Angola10.08-0.53
Ethiopia7.06-0.67
Gabon8.16-0.82
Mongolia7.01-1.17

Chart: MSCI GEM Index vs S&P500 5yrs

GEM underperformance is humongous

Source: seekingalpha



Market Comment  Political & Economic News   Today's Economic Events   Today's Stock Results   Recent ML Reports  

Key Comment





Best since the start of the week among various stock markets was Jakarta Stock Exchange Composi +2.70%, Warsaw Stock Exchange WIG Tota +2.12%, Nikkei 225 +1.85%, Ibovespa Brasil Sao Paulo Stoc +1.80%,

While worst since the start of the week among various stock markets was Borsa Istanbul 100 Index -9.57%, Russian Trading System Cash In -1.50%, MICEX Index -1.33%, Russian Depositary Index USD -1.22%,

Best week to date in FX space vs. greenback was USDBRL +0.62%, USDINR-0.25%, USDRUB-0.55%,

While worst week to date in FX space vs. greenback was USDJPY -1.40%, USDCAD -0.79%, USDRUB -0.55%,

Best among commodities versus last Friday close was Palladium +4.21%, Rice +2.08%, Copper +0.98%,

While worst among commodities versus last Friday close was NATURAL GAS (NYMEX) -4.68%, Corn -4.35%, Soybeans -3.75%,

Best among bonds since week to date week was BRAZIL +15bpts, NEW ZEALAND +9bpts,

While worst among bonds since week to date week was GREECE -15bpts, SINGAPORE -5bpts,

News


India
  • Indian universities doing scientific research will soon reach on top .../.../
  • Kashmir cannot be considered internal affair of India: Prime Minister/.../
  • India bulls take note! IMF just cut growth forecast as India Inc sleeps/.../
  • How to conserve cash running a lean startup/.../
  • How Amazon Adapted Its Business Model to India/.../
  • India's exports see marginal growth in June after 18 months/.../
  • Kerala budget: Major push for infrastructural development, health .../.../
  • Banks With Assets No One Wants Undercut India's Debt Recast Plan/.../
    Canada
  • Profile: Ian Anderson, president, Kinder Morgan Canada/.../
  • Families now receiving new Canada Child Benefit/.../
  • Canadian economy protected from Brexit aftermath, IMF report says/.../
  • FedNor makes funding announcements across the area/.../
  • An Atlantic immigration initiative? Lord knows we need bodies/.../
  • Republican Party Platform Calls For Reviving Keystone XL/.../
  • Federal NDP criticize proposed trail/.../
  • Canada's debt shocks people/.../
    Turkey
  • Turkey's president declares 3-month state of emergency after failed .../.../
  • Turkish Prime Minister: Have sent four dossiers to US on Gulen's link .../.../
  • Coups Don't Depress Economic Growth/.../
  • Turkish Government to Consider State of Emergency After Coup/.../
  • Failed Coup Is an Opportunity for Turkish President Erdogan/.../
  • Turkey's Failed Coup: What's Next?/.../
  • Turkey's budget deficit at $7.4 billion for 2015/.../
  • Moody's places Turkey's debt ratings on review for downgrade/.../
    Brazil
  • Brazil's Largest Newspaper Commits Major Journalistic Fraud to .../.../
  • Trudeau dismisses Brazil threat to challenge Bombardier bailout at .../.../
  • IMF Improves Brazil's GDP Outlook for 2016 and 2017/.../
  • Mexico's star wanes as reforms underwhelm, Brazil rises/.../
  • Brazil Is Confronting an Epidemic of Anti-Gay Violence/.../
  • Auto industry recalibrates itself amid Brazil crisis/.../
  • Record May deficit highlights Brazil's budget challenge/.../
  • Deep Dive: Japanese Yen, Brazil Debt and ETF Flows/.../
    Russia
  • Vladimir Putin Is Expected to Withstand Russia's Doping Scandal/.../
  • Russian Prime Minister suspends sports official/.../
  • Will Russia's Economic Growth Be Restored Soon?/.../
  • B2B: Russian Commercial Real Estate Market Outlook for 2014/.../
  • ISIS: The Durability of Chaos/.../
  • Russia Said to Mull Oil Tax Revamp to Remove Neighbors' Benefits/.../
  • Russia mulling 'energy, sports, industry spending cuts'/.../
  • Junk-rated Russia debt priced as investment-grade again/.../
    China
  • President Jim Yong Kim to See China's Health Reforms in Action/.../
  • NZ prime minister plays down possible China trade concerns/.../
  • International Business|What China's Economic Growth Figures Mean/.../
  • Sheffield 'leading by example' with 60-year China investment deal/.../
  • China's Ageing Population could Hinder Per Capita Income Growth/.../
  • US Exports to China Shrink, Especially for Heavy Industry/.../
  • China facing hard work to meet annual budget targets: People's Daily/.../
  • China's Local Debt Problem Goes Global/.../
    South Africa
  • A letter to an 11-year-old Aids activist who shamed South Africa's .../.../
  • Indian Prime Minister arrives in South Africa/.../
  • 'Corruption in South Africa is hampering economic reform'/.../
  • Asian Influence - Singapore's increasing role in Africa/.../
  • Progress towards 90-90-90 targets in southern Africa: find the men!/.../
  • Bridging South Africa's Economic Divide/.../
  • South Africa: Budget 2016 - More Revenue a Must or SA Heads to .../.../
  • South Africa Debt: Downgrade From Investment Grade Soon?/.../
    Australia
  • US Vice President Biden makes surprise LGBT rights intervention on .../.../
  • FBI Releases File on Australia's Pinko Prime Minister, Gough Whitlam/.../
  • IMF lowers global economic growth forecast on Brexit fallout/.../
  • Australia investment opportunities/.../
  • Stress and wellbeing of junior doctors in Australia: a comparison .../.../
  • Australia's agriculture exports losing market share/.../
  • Sydney flight to Thailand diverted due to 6 rowdy passengers/.../
  • Aussie debt levels soaring/.../
    Korea
  • North Korea says it has been practicing to blow up South Korean .../.../
  • Angry mob pelts South Korean prime minister with eggs, bottles/.../
  • Bank of Korea Adjusted Economic Growth Rate Forecast Downward/.../
  • Asia-Pacific investors accounting for bigger piece of global .../.../
  • Space and place for WHO health development dialogues in the .../.../
  • Korea's Exports to China Drop for 12 Consecutive Months/.../
  • New South Korea budget airline cleared for take-off/.../
  • Election Rout May Scuttle Call for Bank of Korea Debt Buying/.../

    Econ Events Today


    2016-07-21 South Africa Interest Rate Decision
  • Pound to South African Rand's Outlook for Remainder of Week ...
  • SARB has room to keep interest rates on hold in July
  • Pound / Rand Exchange Rate's Gains Limited by South African ...
  • Stocks at 2016 highs as bond yields dip


    2016-07-21 South Africa Prime Overdraft Rate
  • Gautrain firms offered olive branch
  • Gautrain firms offered olive branch
  • Sorry America, Trump and Clinton Don't Want Your $96 Million
  • We are rebuilding an economic apartheid instead of dismantling it


    2016-07-21 BRazil Interest Rate Decision
  • Brazil Interest Rate Decision remains at 14.25%
  • DIARY-Emerging Markets Economic Events to July 27
  • Dirk Kuyt: a selfless hero for all the ages
  • Trump's Turn; ECB Rates; Goldman Earnings: Week Ahead July 18-23


    2016-07-21 BRazil IPCA mid-month CPI YoY JUL 2016


    2016-07-21 BRazil IPCA mid-month CPI MoM JUL 2016


    2016-07-21 Canada Wholesale Sales MoM MAY
  • Scents and Sensibility
  • Pound Sell‐Off Halted as May Takes Over UK Leadership; Yen ...
  • Define Bottle Update - What Happened after Shark Tank
  • Scents and Sensibility


    2016-07-21 US Chicago Fed National Activity Index JUN
  • Chicago Fed National Activity Index: June 2016 Preview
  • Chicago Fed National Activity Index: May 2016 Preview
  • What's coming up in the business week ahead
  • Trump's Turn; ECB Rates; Goldman Earnings: Week Ahead July 18-23


    2016-07-21 US Continuing Jobless Claims JUL/09
  • George Mitrovich: Flag waving & baseball playing at 80
  • George Mitrovich: Flag waving & baseball playing at 80
  • Obama urges greater respect, understanding after shootings
  • Commentary: Jury service is an important part of system


    2016-07-21 US Initial Jobless Claims JUL/16
  • VIEWER GUIDE: Trump hopes for a smoother convention 2nd day
  • Draghi to ask governments to chip in to counter Brexit fallout
  • Trump Formally Announces Indiana Gov. Mike Pence As His ...
  • Returning IDPs bemoan lack of facilities in Bara


    2016-07-21 US Philadelphia Fed Manufacturing Index JUL
  • E-Mini S&P 500: Bullish exuberance over earnings!
  • Trump's Turn; ECB Rates; Goldman Earnings: Week Ahead July 18-23
  • Dollar gains broadly on upbeat US data: July 18, 2016
  • Is The Yen Facing Easing In The Week Ahead?


    2016-07-21 US House Price Index MoM MAY
  • Commentary: Oakland landlords not villains in housing crisis (East ...
  • DIVIDED AMERICA: To some, Trump is a desperate survival bid
  • Nostalgia combines with modern touches to keep SC's surviving ...
  • Market briefing: UK markets closed mixed on Friday, with the FTSE ...


    2016-07-21 US Existing Home Sales JUN
  • US Housing Starts Rose 4.8% in June
  • Global Economy Week Ahead: EU Confidence, US Home Sales ...
  • Low mortgage rates boost US home sales to nine-year high
  • US Pending Home Sales Fell 3.7% in May


    2016-07-21 US Existing Home Sales MoM JUN
  • The Morning Ledger: Firms Turn to Ma and Pa for Backup
  • Mom With Child on Autism Spectrum Creates Birthday Venue for ...
  • Market briefing: UK markets closed mixed on Friday, with the FTSE ...
  • Miami Marlins honor student athletes


    2016-07-21 US CB Leading Index MoM JUN
  • Week In Review: LatAm Macro Headlines
  • Week In Review: LatAm Macro Headlines
  • Dante Fowler ready to prove why Jacksonville took him so high in ...
  • Family says shooting suspect had mental illness


    2016-07-21 US EIA Natural Gas Stocks Change 15/JUL
  • Recent oil supply outages push equilibrium further down the road
  • US energy giant Peabody crashes into bankruptcy as coal industry ...
  • The Housing and Planning Act: final proposals to speed up ...
  • BLOG: Are Millennials More Disloyal than Older Workers?


    2016-07-21 US 10-Year TIPS Auction
  • Coming July 21: Auction Of A New 10-Year TIPS; Will The Real ...
  • Coming July 21: Auction Of A New 10-Year TIPS; Will The Real ...
  • Risk-on sentiment pushes Treasury notes, Bunds lower
  • US Treasury to sell $13 bln in inflation-indexed notes


    2016-07-21 Japan Reuters Tankan Index JUL
  • Japan business mood subdued as Brexit clouds outlook: Reuters ...
  • Japan business mood struggles amid Brexit fears: Reuters Tankan
  • Japan firms' price expectations slide, keep BOJ under pressure
  • The Economic Week Ahead


    2016-07-21 Japan Foreign Bond Investment 16/JUL
  • Samoa crush Hong Kong's Olympic dream at the repêchage quarter ...
  • Olivier Blanchard eyes ugly 'end game' for Japan on debt spiral
  • AEP: Brexit panic and deflation drive German Bund yields below zero
  • AEP: Japan's Abenomics 'dead in the water' after US currency ...


    2016-07-21 Japan Stock Investment by Foreigners 16/JUL
  • 'Abenomics' doubts drive foreigners off Japanese stocks, volatility ...
  • 'Abenomics' doubts drive foreigners off Japanese stocks, volatility ...
  • Hongkongers warned to avoid quake-hit disaster zone in southern ...
  • Insight Investment first overseas financial institution to access China ...


    2016-07-21 Japan All Industry Activity Index MoM MAY
  • Откриха нови доказателства за глобалното затопляне
  • Ariana Resources, Tiziana Life Sciences, Oncimmune
  • BUSINESS IN BRIEF 18/7
  • Banning Junk Food Is Not The Fix-All For India's Childhood Obesity ...


    2016-07-21 EU Deposit Facilty Rate
  • Negative Yields Infecting Credit Markets as Investors Capitulate
  • US Earnings ECB meeting UKs PMIs
  • Europe's QE Needs Some Post-Brexit Tweaks
  • Transmission channels of monetary policy in the current environment


    2016-07-21 EU ECB Interest Rate Decision
  • EU ECB interest rate announcement
  • Trading The EU ECB Interest Rate Decision, July 21, 2016
  • ECB is likely to keep interest rates on hold
  • MarketsStocks ride yearly highs as central banks set to quell markets


    2016-07-21 EU ECB Press Conference
  • Eighth ECB Statistics Conference
  • Eighth ECB Statistics Conference
  • Trading The EU ECB Interest Rate Decision, July 21, 2016
  • Trump's Turn; ECB Rates; Goldman Earnings: Week Ahead July 18-23



    Econ Events Yesterday


    2016-07-20 Turkey Consumer Confidence JUL
  • Turkey's Consumer Confidence Weakens In July
  • Turkey consumer confidence slips to 67.03 in July -stats institute

    2016-07-20 Turkey Central Government Debt JUN
  • Asia Stocks Rise to 2016 High as Yen, Kiwi Drop on Stimulus Bets
  • EMERGING MARKETS-Turkish assets take fresh dive; firmer dollar ...

    2016-07-20 South Africa Core Inflation Rate YoY JUN
  • Inflation hits a ceiling, set to decline marginally to 15.5% - FDC
  • Tempered Risk Appetite May Cut The Rally Short

    2016-07-20 South Africa Inflation Rate YoY JUN
  • Moderate inflation growth expected as Rand strengthens
  • Turkey's Failed Coup: What's Next?

    2016-07-20 South Africa Inflation Rate MoM JUN
  • Moderate inflation growth expected as Rand strengthens
  • BUSINESS IN BRIEF 20/7

    2016-07-20 Australia Westpac Leading Index MoM JUN
  • Australia's Westpac Leading Index Advanced In May
  • Aussie Trading On A Weaker Footing This Morning

    2016-07-20 US MBA Mortgage Applications 15/JUL
  • Samoa crush Hong Kong's Olympic dream at the repêchage quarter ...
  • He's alive: missing Japanese boy rescued six days after vanishing in ...

    2016-07-20 US MBA 30-Year Mortgage Rate 15/JUL
  • Tycoon Li Ka-shing's family drawn into Denise Ho controversy as ...
  • How the crimes of British paedophile Richard Huckle exposed ...

    2016-07-20 US EIA Crude Oil Stocks Change 15/JUL
  • Strong US jobs report powers stocks to weekly gain
  • Shell cuts a further 2200 jobs as axe swings on North Sea workers

    2016-07-20 US EIA Gasoline Stocks Change 15/JUL
  • FTSE 100 tumbles to three-week low as investor sentiment sours
  • China, Hong Kong stocks close flat as energy shares retreat

    2016-07-20 EU Current Account MAY
  • Euro areas and EUs current account surplus narrows in May
  • EconomyEurozone current account surplus shrinks by €5.4bn

    2016-07-20 EU Consumer Confidence Flash JUL
  • After Brexit, EU consumer morale falls more than euro zone in July
  • UPDATE 2-Euro zone bond yields rise as risk rally dents safe-haven ...

    Results


    Our Recent Research Reports

  • 2016-07-20 ML Morning Meeting
  • 2016-07-20 MidLincoln Research Real Estate Weekly
  • 2016-07-19 ML Morning Meeting
  • 2016-07-19 MidLincoln Research Monthly Aggregates for Funds
  • 2016-07-18 MidLincoln Research Fixed Income Queries and Stance Weekly
  • 2016-07-18 ML Weekly
  • 2016-07-18 MidLincoln Commodities Weekly

    Select Equity Data Snapshot

    Cheapest on Revenues

    valueStockOriginPS
    Metalurgica Gerdau SAGOAU4:BZBrazil0.0
    Oi SAOIBR4:BZBrazil0.0
    Hanwha Corp000880:KSKorea0.1
    Daewoo Shipbuilding & Marine Engineering Co Ltd042660:KSKorea0.1
    SK Networks Co Ltd001740:KSKorea0.1
    Samsung Engineering Co Ltd028050:KSKorea0.1
    Doosan Corp000150:KSKorea0.1
    Hyundai Merchant Marine Co Ltd011200:KSKorea0.1
    Eneva SAENEV3:BZBrazil0.1
    Zhongsheng Group Holdings Ltd881:HKChina0.1
    Hyundai Heavy Industries Co Ltd009540:KSKorea0.1
    Doosan Heavy Industries & Construction Co Ltd034020:KSKorea0.1
    Jiangxi Copper Co Ltd358:HKChina0.2
    Lenovo Group Ltd992:HKChina0.2
    Korea Gas Corp036460:KSKorea0.2
    JBS SAJBSS3:BZBrazil0.2
    Jaiprakash Associates LtdJPA:INIndia0.2
    China National Building Material Co Ltd3323:HKChina0.2
    LS Corp006260:KSKorea0.2
    LG Electronics Inc066570:KSKorea0.2

    Select FI Data Snapshot

    Top 10 GEM Corporate Bonds Yields Drops USD Eurobonds (Winners) Weekly

    BondCountryYieldYield Change %pts
    CSN RESOURCES SA RegS 20Brazil24.09-3.14
    PETROLEOS DE VENEZUELA SA RegS 17Venezuela58.42-2.54
    VEDANTA RESOURCES PLC RegS 21India10.44-1.74
    PETROLEOS DE VENEZUELA SA MTN RegS 21Venezuela34.87-0.95
    PETROLEOS DE VENEZUELA SA RegS 22Venezuela34.68-0.85
    PETROBRAS GLOBAL FINANCE BV 20Brazil5.96-0.73
    DIGICEL GROUP LTD RegS 20Jamaica12.81-0.67
    PETROBRAS GLOBAL FINANCE BV 20Brazil6.14-0.67
    CAIXA ECONOMICA FEDERAL RegS 17Brazil3.18-0.65
    PETROLEOS DE VENEZUELA SA RegS 35Venezuela24.35-0.65
    VALE OVERSEAS LIMITED 22Brazil5.30-0.57
    BRASKEM FINANCE LTD RegS 22Brazil5.14-0.54
    PETROLEOS DE VENEZUELA SA RegS 26Venezuela22.94-0.54
    GTL TRADE FINANCE INC RegS 24Brazil6.90-0.53
    PETROLEOS DE VENEZUELA SA RegS 24Venezuela26.99-0.51
    JBS INVESTMENTS GMBH RegS 24Brazil6.74-0.49
    BANCO DE CREDITO DEL PERU RegS 20Peru2.17-0.48
    PETROLEOS DE VENEZUELA SA RegS 37Venezuela16.35-0.47
    PETROBRAS GLOBAL FINANCE BV 21Brazil7.35-0.42
    PETROBRAS GLOBAL FINANCE BV 23Brazil7.31-0.42