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Midlincoln Research
Morning Meeting
MidLincoln Research
Morning Meeting
February 11, 2017
Best 15 Markets Yesterday
Country
ChangePct
GREECE
3.22
BOSNIA AND HERZEGOVINA
2.86
BRAZIL
1.98
JAPAN
1.69
SOUTH AFRICA
1.67
MEXICO
1.56
PERU
1.55
POLAND
1.32
ARGENTINA
1.28
BOTSWANA
1.24
CANADA
1.10
CZECH REPUBLIC
1.04
TAIWAN
1.00
ANDEAN
0.90
ANDEAN
0.90
Worst 15 Markets Yesterday
Country
ChangePct
JAMAICA
-2.63
LEBANON
-2.27
LITHUANIA
-2.05
TURKEY
-1.93
GHANA
-1.46
MAURITIUS
-1.29
SPAIN
-1.24
KAZAKHSTAN
-1.18
ESTONIA
-1.14
MOROCCO
-0.99
SERBIA
-0.91
UKRAINE
-0.84
BELGIUM
-0.73
ITALY
-0.66
NETHERLANDS
-0.62
Best 10 Markets YTD
Country
ChangePct
KAZAKHSTAN
29.79
JAMAICA
27.97
ARGENTINA
26.88
UKRAINE
19.75
POLAND
14.60
BRAZIL
14.19
PERU
13.03
KUWAIT
10.95
BAHRAIN
9.41
CHINA
9.39
Worst 10 Markets YTD
Country
ChangePct
ZIMBABWE
-9.79
GREECE
-7.44
KENYA
-7.30
NIGERIA
-6.67
GHANA
-4.71
ITALY
-3.04
SAUDI ARABIA DOMESTIC
-2.54
OMAN
-2.29
FM AFRICA
-1.43
LEBANON
-1.43
Best 10 Markets Last 12 months
Country
ChangePct
BRAZIL
96.04
PERU
68.00
RUSSIA
62.56
KAZAKHSTAN
62.07
UKRAINE
52.06
ZIMBABWE
45.79
GREECE
40.81
HUNGARY
39.90
PAKISTAN
39.87
CANADA
37.94
Worst 10 Markets Last 12 months
Country
ChangePct
NIGERIA
-31.90
GHANA
-31.82
BOSNIA AND HERZEGOVINA
-19.59
BOTSWANA
-19.40
ISRAEL
-16.97
SLOVENIA
-16.67
KENYA
-11.86
TUNISIA
-11.33
TRINIDAD AND TOBAGO
-8.33
FM AFRICA
-6.16
Country USD Yields and Week Changes
Country
Average Yield
Yield Average WkChange % pts
Mongolia
8.28
0.34
Ecuador
8.43
0.29
El Salvador
9.33
0.27
Venezuela
22.73
0.25
Ghana
8.49
0.04
Sri Lanka
6.02
0.03
United States
0.78
0.00
Ukraine
8.46
-0.01
Slovak Republic
2.64
-0.01
Lithuania
2.87
-0.03
Romania
3.99
-0.04
Pakistan
4.87
-0.05
Russian Federation
4.19
-0.06
China
3.05
-0.07
Poland
2.99
-0.07
Kazakhstan
4.62
-0.07
Jamaica
6.10
-0.07
Azerbaijan
5.17
-0.07
Peru
4.03
-0.08
Paraguay
5.93
-0.08
Malaysia
3.53
-0.08
Vietnam
4.64
-0.09
Oman
4.68
-0.10
Trinidad and Tobago
4.53
-0.10
Kenya
7.27
-0.11
Hungary
3.56
-0.11
Costa Rica
6.64
-0.11
Morocco
3.64
-0.13
India
4.01
-0.13
Brazil
5.04
-0.13
Philippines
3.24
-0.15
Indonesia
4.26
-0.15
Mexico
4.88
-0.16
Croatia (Hrvatska)
3.77
-0.18
Chile
3.16
-0.18
Serbia
3.93
-0.18
Lebanon
6.28
-0.19
Tunisia
6.46
-0.19
Dominican Republic
5.69
-0.19
Panama
3.46
-0.20
Cote D'Ivoire (Ivory Coast)
6.57
-0.21
Iraq
8.94
-0.21
Uruguay
4.44
-0.21
Colombia
3.97
-0.21
South Africa
4.71
-0.21
Argentina
6.46
-0.22
Jordan
6.21
-0.23
Turkey
5.39
-0.34
Angola
9.80
-0.37
Gabon
7.44
-0.42
Egypt
5.69
-0.46
Ethiopia
7.92
-0.46
Zambia
8.47
-0.52
Chart: MidLincoln Rural Crafts Center
Source: ML
Download file in Power Point
Market Comment
Political & Economic News
Company Results and Dividends
Recent ML Reports
Key Comment
Best since the start of the week among various stock markets were EGYPT +9.23%, JAMAICA +6.14%, KAZAKHSTAN +5.64%, PERU +3.52%, UNITED ARAB EMIRATES +3.32%, JORDAN +3.08%, CHINA +2.91%, BOSNIA AND HERZEGOVINA +2.40%, ROMANIA +2.38%, ARGENTINA +2.38%,
While worst since the start of the week among various stock markets were NIGERIA -5.52%, GREECE -4.11%, NORWAY -3.92%, LITHUANIA -3.77%, LEBANON -3.74%, SPAIN -2.91%, ITALY -2.70%, GHANA -2.45%, NEW ZEALAND -2.42%, SLOVENIA -2.23%,
News
Best 10 Market Since the begining of the week
EGYPT 9.23
President
Al-Sisi receives
Egyptian
football team upon its arrival ...
Procedures package to expand social safety net:
Prime Minister
...
Weakened purchasing power decreased
economic growth
to 3.4 ...
Egypt's
economy over 6 years - Daily News
Egypt
Analysts:
Population
control will not solve
Egypt's
increasing poverty ...
Anticipated
growth
in
Egyptian exports
after pound's flotation - Daily ...
Obour Land for Food Industries announces 2017
budget
, targeting ...
Egypt
rides resurgent wave for emerging market borrowing
JAMAICA 6.14
JAMPRO Head says
Jamaica
is Ready for Health and Wellness ...
Prime Minister
to Pay Close Attention to Merger
Take the Profit Out of Crime – Ambassador Clarke
Growth
in CEOs confidence good for business in
Jamaica
Jamaica
aims to reduce food poverty by 2030
Rainforest adds new markets
Tax Relief Results in Greater
Revenue
Collection
Jamaica's debt
stock increases, but authorities say it's temporary
KAZAKHSTAN 5.64
Indian Ambassador Praises
Kazakh President's
Modernisation Plans
Deputy
Prime Minister
of
Kazakhstan
appointed Ambassador to ...
National Economy Minister: Forecast for
economic growth
in ...
World Bank raises
growth
forecasts for
Kazakhstan
and Azerbaijan
Kazakh
President Sets Goals Toward Third-Stage Modernisation
The future of
Kazakh
life insurance
TOP NEWS: Nostrum Oil Beats Guidance But Production,
Revenue
...
Public
debt
to GDP ratio amounts to 26% over 2016 in
Kazakhstan
PERU 3.52
Peru
opens corruption probe into ex-
President
Toledo
Peru's
ex-President Alejandro Toledo denies taking bribes
Peru
sees much weaker
economic growth
in 2017 on graft scandal
Peru
ETF Shines, Moody's Lowers GDP Outlook
Atradius reveals the worlds top emerging markets
Peru
blueberries led agro-
exports growth
in 2016
WINNERS & LOSERS SUMMARY: Randgold Rises After Big ...
Fraud Charges In Peru Surround Two Very Different Bond Ratings
UNITED ARAB EMIRATES 3.32
United Arab Emirates
' Officials Praise
President
Trump's Moratorium
UAE
to Adopt System Seeking to Lure Top Foreign Talent
Dubai Expects Stronger
Growth
in 2017 as
Economy
Diversifies
Saudi,
UAE
most attractive for logistics
investments
'Why Africa's air transport
growth
is sluggish'
Air India Express adds more Sharjah routes
UAE's
Flydubai
budget
carrier airline 2016 profit tumbles but ...
Abu Dhabi ratings affirmed At 'AA/A-1+'; outlook stable
JORDAN 3.08
Readout of the
President's
Meeting with King Abdullah II of
Jordan
Economic situation is not the worst in
Jordan's
history
Jordan's economic growth
to steadily, slowly rise — WB
A
growth
agenda for China
'Water scarcity, urban expansion among challenges to Kingdom's ...
Growth
Against the Odds
UConn Expects Challenging
Budget
Season but Will Protect ...
Jordanians tighten belts as government increases taxes to combat ...
CHINA 2.91
Donald Trump hasn't spoken with
Chinese president
Xi Jinping ...
Cambodian
Prime Minister's
Support for 'One
China
' Does Not Flag
China's Economic Growth
: Why China Needs Major Reforms ...
Chinese
companies park record $110bn in wealth products
China's population
to touch 1.42 billion by 2020
China exports
slump more than expected in December, imports ...
Trump's pledge triggers debate in
China
over corporate tax
China's Debt
-Trap Diplomacy
Econ events
moment
event
Forecast
Consensus
2017-02-10
Imports YoY JAN
0.096
2017-02-10
Exports YoY JAN
0.03
2017-02-10
Balance of Trade JAN
$46B
$48.85B
BOSNIA AND HERZEGOVINA 2.40
EFSE provides 20 mln euro to UniCredit Serbia for housing loans
US imposes sanctions on
Bosnian
Serb nationalist leader Dodik
Bosnia and Herzegovina
to Approve Construction of Pelješac Bridge
EFSE provides 20 mln euro to UniCredit Serbia for housing loans
Company Focus: NSoft
Balkan patients turning to Turkey for treatment
Croatian Food Products Can Again Be Freely
Exported
to
Bosnia
Eurovision 2017: NTU confirms Core Team: preparations agenda ...
Bosnia
end-Sept foreign
debt
rises 3.7% y/y - table
ROMANIA 2.38
Romania's president
Iohannis petitions top court to strike down ...
Romania Prime Minister
: I may fire justice minister over graft decree
Coface:
Romania's economic growth
to slow down to 3.6% this year
Romania
Cabinet Won't Quit as Protests Ease After U-Turn
Losing Your Mind:
Romania's
Attempts To Counter The Brain Drain
Romania
Tops EU Honey Market But It's A Bitter-Sweet Affair
Romania's
2017
budget
draft too optimistic - president Iohannis
Romania's
Finance Ministry launches government
debt
platform
ARGENTINA 2.38
What to expect when the
presidents
of Brazil and
Argentina
meet
Argentina
, Canada Sign Agreement to Start Mining Sustainability ...
Argentina
raises electricity tariffs by up to 148% to fight deficit
Argentina
strikes $15bn a year shale
investment
deal
The US Megalopolis Isn't as Politically Powerful as You Think
What to expect when the presidents of Brazil and
Argentina
meet
UPDATE 1-
Argentina
beats 2016
fiscal
goal with deficit of 4.6 pct of ...
Premier Oil explores Falklands options after
debt
deal gets done
Worst 10 Market Since Begining of the Week
NIGERIA -5.52
Nigeria President
Muhammadu Buhari prolongs sick leave ...
UK
Prime Minister
May condemns Trump's bans
18 ways
Nigerian
govt plans to improve
economic growth
Ugwuanyi, Obiano, others harp on
investment
for economic
growth
Nigeria's
demographic challenge in focus
Nigerian
govt identifies 59 ways to achieve economic recovery,
growth
Nigeria's
excess crude
revenue
up $38 million amid rising global ...
Growth,
debt
and Trump as issues for
Nigeria
, others in 2017
Econ events
moment
event
Forecast
Consensus
2017-02-10
Inflation Rate YoY JAN
0.1871
2017-02-10
Food Inflation YoY JAN
0.1745
GREECE -4.11
Greek
debt crisis: an existentialist drama with no good end in sight
Greek Prime Minister
: 'There are no gray zones in the Aegean'
German government says it's united on need to stabilize
Greek
...
This could be
Greece's
last chance to save itself
Greece
hopes migrant burden will turn into boon
The Continued Downfall of
Greece
Greek
Dec
Budget Revenue
EUR6.03 Billion; Above Target by ...
Greece's debt
crisis is flaring up again, in case the world didn't have ...
NORWAY -3.92
Former
Norwegian
Prime Minister held for questioning at ...
Former
Norwegian
PM held at immigration over Iranian visa
The US lags far behind its peers on “inclusiveâ€
economic growth
DCC to buy Esso's filling stations in
Norway
for €273.5m
A Rat With a Bum Rap. And It Isn't Even
Norwegian
.
Salmon shipments set to fly as Chile and
Norway
look to increase ...
Naidu for outcome-based
budget
DCC to buy Esso's filling stations in
Norway
for €273.5m
Econ events
moment
event
Forecast
Consensus
2017-02-10
PPI YoY JAN
0.076
2017-02-10
Inflation Rate MoM JAN
0.002
0.002
2017-02-10
Inflation Rate YoY JAN
0.034
0.03
2017-02-10
Core Inflation Rate YoY JAN
0.027
0.026
2017-02-10
Core Inflation Rate MoM JAN
0.002
0.001
LITHUANIA -3.77
No Mrs May, we don't want your bridge to Trump
Lithuanian
Foreign
Minister
On NATO, Trump And US Commitment
Lithuania
beats expectations for 2016
GDP growth
thanks to fourth ...
Invest Lithuania
as it attracted 36 foreign direct
investment
(FDI ...
The year 2017: will
growth
in
Lithuania
be below its potential?
Economists:
Lithuania's exports
map should not change in 2017
All-female gang accused of flying brides to the UK from
Lithuania
in ...
The year 2017: will growth in
Lithuania
be below its potential?
LEBANON -3.74
Saudi Arabia to appoint ambassador to
Lebanon
:
president's
office
Saudi Arabia appoints new ambassador to
Lebanon
Eric Milliron: Mt.
Lebanon economic development
officer
State's economic development leader visits region
5 reasons ridesharing is on the
rise
Lebanon
: Capital inflows expected to rise by 20 percent in 2017
Missouri
revenue
collections up 3 percent so far this year
IMF: Greece's
debts
are still unsustainable despite progress
SPAIN -2.91
Trump's wall:
Spain
shows why US
president
is heading for trouble
'Conservative'
Spanish Prime Minister
Attacks Trump: 'I Don't Believe ...
Spanish economy
shows strong 2016
growth
France and
Spain
boost eurozone
growth
to 0.5%
Spanish
Supermarkets 2016: Mercadona dominates, Lidl gains
Algeria Looks To Build On
Spanish Exports
For 2017 Gas Expansion
Spanish
Soccer Catches Up With Germany's Bundesliga in
Revenue
BOE seen holding steady amid Brexit uncertainties
ITALY -2.70
Readout of the
President's
Call with Prime Minister Paolo Gentiloni ...
Readout of the President's Call with
Prime Minister
Paolo Gentiloni ...
A Keynesian Proposal For Restoring
Italian Economic Growth
Italy
to offer Residency by
investment
Top of the world: Britain to outpace G7 for 'next three decades'
Milan's
Exports
See More
Growth
With Fashion Playing A Major Role
Italy
pledges measures to meet EU's
budget
concerns
DBRS cuts Italy's credit rating, posing problems for its banks
Econ events
moment
event
Forecast
Consensus
2017-02-10
12-Month BOT Auction
2017-02-10
Industrial Production MoM DEC
0.002
0.001
2017-02-10
Industrial Production YoY DEC
0.029
0.033
GHANA -2.45
Ghana president
accused of plagiarising US presidents in ...
Senior
Minister
role unconstitutional – Ayariga
Ghana's
Budget For 2016 --
Economic
Prosperity Forgone Or ...
2016 Q2 FDI records
growth
Ghana's
Budget For 2016 -- Economic Prosperity Forgone Or ...
UPDATE 1-
Ghana
says to miss 2016 targets on
growth
, deficit ...
Ghana
government says inherits
budget
deficit of around 10 percent
Reducing
Ghana's debt
levels; MMDAs must generate their own ...
NEW ZEALAND -2.42
Readout of the
President's
Call with Prime Minister Bill English of ...
New Zealand Prime Minister
has 'sensible, polite' talk with Trump
New
tool provides easy access to
economic
data
Pipfruit, vineyards and forestry feature in Hawke's Bay overseas ...
Talking Tauranga's 'good'
growth
problem
Lamb flap prices match record high
Prime Minister's Statement
Future of RBNZ and Governor Stepping Down
SLOVENIA -2.23
President
of
Slovenia
to visit Moscow on February 10
Poland's ruling party leader meets with
Slovenian
PM: report
Slovenia
to get higher credit rating in 2017, outlook upgrades seen ...
UniCredit raises
Slovenia's
GDP
growth
to 2.4% in 2016, 2.6% in 2017
Melania Trump's
Slovenia
: Small, Beautiful, Challenging
Slovenia's GDP up 2.5 pct y/y in Q1, annual
growth
seen above ...
Budget
deficit at EUR 687m in 2016, significantly below plans
Slovenia
takes out EUR 1.3bn in fresh
debt
Our Recent Research Reports
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2017-02-07 ML Morning Meeting
2017-02-06 ML Fund Atlas Weekly Fund Flows
Recent Chart Art
MidLincoln Rural Crafts Center
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When Was It Good To Buy RTS and Hold To Date?
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Best Topics YTD by Index Family Avg Return
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Emerging Market Fund Flow Turn Positive
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2 yr Return of Key Quant Funds
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Combined Yield Curve By Country
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EV/EBITDA 2017E Distribution for Consumer Sectors
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2017 Capex Growth Rates – Distribution for Energy Sector
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Some of the larger GEM Funds - a lot smaller these days vs. 2007 peaks
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