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March 24, 2017

Best 15 Markets Yesterday

CountryChangePct
BOTSWANA3.35
KAZAKHSTAN1.62
VIETNAM1.61
EGYPT1.49
GHANA1.37
IRELAND1.05
TRINIDAD AND TOBAGO0.99
JORDAN0.97
SWEDEN0.97
GERMANY0.95
KUWAIT0.93
PERU0.93
POLAND0.92
ITALY0.89
ANDEAN0.89

Worst 15 Markets Yesterday

CountryChangePct
MOROCCO-1.95
CROATIA-1.66
BRAZIL-1.52
SERBIA-1.09
NEW ZEALAND-0.84
JAMAICA-0.79
MAURITIUS-0.64
ROMANIA-0.53
TURKEY-0.42
UKRAINE-0.42
BULGARIA-0.37
NORWAY-0.34
LEBANON-0.34
CZECH REPUBLIC-0.32
GREECE-0.30

Best 10 Markets YTD

CountryChangePct
ARGENTINA31.14
KAZAKHSTAN30.47
BAHRAIN22.52
POLAND21.45
UKRAINE20.70
KOREA17.29
MEXICO15.28
JAMAICA15.09
INDIA14.70
CHINA14.35

Worst 10 Markets YTD

CountryChangePct
OMAN-8.21
SRI LANKA-8.19
ZIMBABWE-6.88
GREECE-6.84
SAUDI ARABIA DOMESTIC-4.04
RUSSIA-3.76
KENYA-3.31
NIGERIA-2.29
NEW ZEALAND-1.19
GHANA-0.88

Best 10 Markets Last 12 months

CountryChangePct
BRAZIL43.64
KAZAKHSTAN41.55
ZIMBABWE38.82
BULGARIA38.10
PAKISTAN34.81
PERU34.11
JAMAICA30.09
RUSSIA25.83
UKRAINE25.62
ARGENTINA23.64

Worst 10 Markets Last 12 months

CountryChangePct
GHANA-32.44
NIGERIA-31.75
BOSNIA AND HERZEGOVINA-17.21
SLOVENIA-14.41
BOTSWANA-13.24
TURKEY-12.80
TUNISIA-12.74
KENYA-12.60
ISRAEL-12.24
DENMARK-10.40

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Venezuela23.550.43
United States0.980.10
Pakistan5.060.06
Ukraine8.710.06
Azerbaijan5.350.00
Paraguay5.94-0.01
Vietnam4.62-0.02
Russian Federation4.14-0.02
Kazakhstan4.71-0.03
Slovak Republic2.63-0.03
Malaysia3.53-0.04
Morocco3.58-0.04
Philippines3.37-0.04
Mongolia6.70-0.05
Trinidad and Tobago4.45-0.05
Lithuania2.77-0.05
Poland2.99-0.06
Jordan6.42-0.06
South Africa4.77-0.07
China3.09-0.07
Romania3.92-0.07
Panama3.59-0.08
Sri Lanka5.64-0.08
Cote D'Ivoire (Ivory Coast)6.78-0.09
Uruguay4.57-0.09
Oman4.54-0.09
Mexico4.85-0.10
Gabon7.08-0.10
Hungary3.67-0.10
Indonesia4.28-0.11
El Salvador8.24-0.11
Jamaica6.03-0.12
Costa Rica6.61-0.12
Chile3.17-0.12
India4.05-0.13
Serbia4.00-0.13
Turkey5.48-0.14
Argentina6.54-0.14
Tunisia6.79-0.15
Peru3.95-0.16
Croatia (Hrvatska)3.83-0.16
Colombia4.33-0.16
Lebanon6.19-0.18
Egypt6.35-0.19
Kenya7.14-0.20
Brazil4.99-0.21
Dominican Republic5.64-0.22
Ghana8.59-0.24
Ethiopia7.57-0.25
Ecuador8.11-0.27
Zambia8.02-0.29
Iraq8.19-0.29
Angola8.99-0.46

Chart: Worst 20 Markets Last Year Vs. Their YTD Perfromance..

Sub-Saharan Kenya, Nigeria and Ghana - did bad last year and their underperformance is back. While Turkey, Israel and Bosnia are bouncing strongly despite last year troubles

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-03-23 and 2017-03-17

Best global markets last week FM (FRONTIER MARKETS) +0.59%, EFM ASIA +0.27%, EM (EMERGING MARKETS) +0.24%,

While worst global markets last week USA -1.41%, EM LATIN AMERICA -0.60%, EUROPE 0.12%,
  • The Cape measure also suggests US equities are overvalued
  • Record Number of Fund Managers Say US Equities Are Overvalued
  • Emerging markets land top of managers' portfolios with rising rates
  • EMERGING MARKETS-Emerging markets held back by Trump ...
  • China stocks inch up despite B-share slump
  • MSCI seeks feedback on potential China stocks inclusion
  • Are European equities undervalued? Funds invested in 'cheap ...
  • European equities hit highest level since 2015
  • Venezuela In Dire Straits As Oil Production Falls Further
  • The Upcoming Surge In US Oil Demand Explained In One Chart
  • Iron ore price drops on China steel demand doubts
  • Steel Price Forecast, February 2017: The Rally Picks Back Up Again
  • Current Gold rate: Check out current gold price
  • Gold rate: Check out latest Gold price, trends and market outlook

    Best since the start of the week among various stock markets were BOTSWANA +5.80%, GHANA +3.66%, KENYA +2.69%, UKRAINE +2.61%, VIETNAM +2.61%, COLOMBIA +1.81%, ARGENTINA +1.62%, RUSSIA +1.60%, SOUTH AFRICA +1.57%, CHILE +1.43%,

    While worst since the start of the week among various stock markets were NEW ZEALAND -3.21%, CROATIA -2.92%, JAMAICA -2.57%, HUNGARY -2.20%, EGYPT -1.98%, BRAZIL -1.83%, NORWAY -1.71%, GREECE -1.67%, POLAND -1.63%, SINGAPORE -1.49%,

    News

    Best 10 Market Since the begining of the week


    BOTSWANA 5.80


  • Botswana president Ian Khama meets German Chancellor Merkel ...
  • Botswana: Ministers Clash Over Air Botswana
  • Botswana cenbank sees economic growth above 4 pct in next two ...
  • 'MITI created over 6000 new jobs in 2016'
  • Should the retirement age be raised to 70?
  • BITC parts ways with Sejoe
  • BRIEF-361 Degrees International says FY revenue rose 13 pct
  • Shrenuj Nears Debt Deal to Ease Liquidity Crisis

    GHANA 3.66


  • Ghana: Why does president Akufo-Addo need an “elephant-sized ...
  • Ghana: Why does president Akufo-Addo need an “elephant-sized ...
  • Economic Growth : I will not compete with private sector – Nana ...
  • Economic Growth : I will not compete with private sector – Nana ...
  • No Assembly in Greater Accra is open-defecation free
  • GNCC, Indian businesses strategize to boost Ghana's exports
  • Ghana's budget deficit hovering around GHȼ13.3 billion
  • BTA Holds 3rd BTA / GOLD COAST Business Summit on Ghana's ...

    KENYA 2.69


  • How Kenyans robbed the President of Kenya and shouldered a ...
  • Somalia's new prime minister names 26-minister cabinet
  • Navigating huge recurrent bill a headache for Rotich in 2018 Budget
  • Rwanda Attracts More Kenyan Investors with New Incentives
  • 6 challenges before the new government in UP, whose GDP is ...
  • Women's trousers and shorts top list of Kenyan exports to the US
  • Budget Office asks CS Henry Rotich to raid cash-rich betting industry
  • Sh51 billion loan adds to Kenya's debt burden

    UKRAINE 2.61


  • London court decision on Ukraine's debt to Russia expected after ...
  • Ukraine MP claims ex-president's party secretly paid ex-Trump aide ...
  • The Prime Minister of Ukraine contacted Elon Musk after he pledged ...
  • Ukraine's economic growth indicators need revision in wake of ...
  • The II Ukrainian Gas Investment Forum will take place on March 23 ...
  • Nolan Peterson: Why Is Ukraine's Population Shrinking?
  • Ukraine and Canada: A History of Settlement and a Future for ...
  • Expert says Poroshenko's support of Donbass blockade brings snap ...
  • London court decision on Ukraine's debt to Russia expected after ...

    VIETNAM 2.61


  • Rivlin meets with Vietnamese President Tran Dai Quang
  • PM Lee to make official visit to Vietnam
  • Vietnam's economic growth to see little change in 2017
  • VN banks hopeful for mortgage market growth
  • Vietnam rethinks contentious two-child policy
  • New US tax plan seen impacting Vietnam exports
  • Vietnam's Budget Airline Founder Is Southeast Asia's Only Woman ...
  • Making Victims Pay

    COLOMBIA 1.81


  • Colombian President Apologizes for Corrupt Firm's Donations
  • Colombia's President Santos Awarded Nobel Peace Prize
  • IMF cuts Colombia 2017 economic growth estimate to 2.3 pct
  • Fitch Ratings Upgrades Colombia's Sovereign Rating to Stable from ...
  • Study confirms 4-fold rise in Zika microcephaly in Colombia
  • Colombia's exports dropped another 13% in 2016
  • UPDATE 1-Colombia 2017 budget to grow 6.6 pct to $72.6 bln ...
  • Colombia's debt head says fiscal reforms on track
    Econ events
    momenteventForecastConsensus
    2017-03-23Business Confidence FEB2.17
    2017-03-24Interest Rate Decision 0.07
    2017-03-24ISE Economic Activity YoY JAN0.015

    ARGENTINA 1.62


  • Teachers' Strikes Deepen Troubles for Argentina's President
  • Argentina, Israelis mark 25 years since attack on Buenos Aires ...
  • Argentina warns Trump: 'Nationalism will not make your economy ...
  • Enirgi Group Corporation Announces Establishment of Its Advanced ...
  • A third of Argentina's population live in poverty, according to the ...
  • Global beef trade toes the line
  • Argentina budget to forecast 3.5 pct 2017 growth -Senate leader
  • Argentina Debt Outlook Improving, Moody's Says
    Econ events
    momenteventForecastConsensus
    2017-03-23Consumer Confidence MAR41.5

    RUSSIA 1.60


  • FBI investigation continues into Trump-Russia links
  • Alexei Navalny accuses Russian prime minister Dmitry Medvedev of ...
  • Russian economy to grow 2% this year – economic development ...
  • Turkey-Russia Investment Fund expected to give momentum to ...
  • PRESS DIGEST - RUSSIA - March 16
  • Cherkizovo looks abroad, driving Russian switch to poultry exports
  • Russian tax plan could put pressure on budget and inflation - audit ...
  • Tele2 Russia debt increases in 2016
    Econ events
    momenteventForecastConsensus
    2017-03-24Interest Rate Decision 0.095

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    RusHydro PJSCRUSSIAUtilities3/23/2017
    RusHydro PJSCRUSSIAUtilities3/23/2017
    PhosAgro PJSCRUSSIAMaterials3/23/2017
    PhosAgro PJSCRUSSIAMaterials3/23/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    M.Video PJSCRUSSIAConsumer Discretionary3/24/2017

    SOUTH AFRICA 1.57


  • South Africa: President Zuma Salutes Heroes Who Fought for ...
  • Ukraine mulling purchases of coal in US, Australia and South Africa
  • Fall in mining and manufacturing shrinks South Africa's economic ...
  • Structural Issues Mount as South Africa's Economy Slides Into ...
  • Wastewater could be key to tackling Africa's growing water scarcity
  • Eastern Cape produces 27% of South Africa's citrus
  • South Africa budget almost avoids tax hikes for businesses to plug ...
  • Barclays Africa Debt Sale Misses Target as Banks Issue More
    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    RMB Holdings LtdSOUTH AFRICAFinancials3/23/2017

    CHILE 1.43


  • Chilean president says Trump concerned about Venezuelan crisis
  • Trade talks in Chile on continuing TPP without the US
  • Is Chile's Economic Heyday Behind It?
  • Copper Won't Lead Chile's Investment Recovery
  • Fire and Floods Test Chile
  • Strong finish for 2016 red meat exports
  • Chile Puts Its Reputation Above Stimulus in 2017 Budget
  • Anti-Torture Law Helps Pay Off Chile's Debt to Human Rights
    Econ events
    momenteventForecastConsensus
    2017-03-24PPI YoY FEB0.097

    Worst 10 Market Since Begining of the Week


    NEW ZEALAND -3.21


  • Ex-IRA leader Martin McGuinness' body carried home
  • New Zealand accused of cover-up over Afghan civilian deaths
  • NZ's economic growth model pushing environmental limits - report
  • Chinese giant Huawei to build cloud computing data centre in NZ
  • ASB predicts migration will stay strong for the next three years ...
  • Untapped potential for New Zealand exports of healthy foods
  • New Zealand Budget 2016: Winners and Losers
  • Is Air New Zealand Limited's (NZSE:AIR) Balance Sheet A Threat To ...

    CROATIA -2.92


  • Croatia President Criticised for Keeping US Trip 'Confidential'
  • Croatian Prime Minister Shows Support for People with Down ...
  • Croatia's economic growth to speed up to 3.2% in 2017 - Erste
  • Croatia wants to reduce public debt to 75 pct of GDP by end of 2019
  • Croatia: Population Movement Emergency Appeal n° MDRHR002 ...
  • Croatia's Exports Jump by 27% in January
  • Croatian lawmakers approve 2017 budget, deficit set at 1.6 pct/GDP
  • Moody's changes outlook on the Government of Croatia's Ba2 rating ...

    JAMAICA -2.57


  • Jamaica mourns passing of JCDC boss, former JTA president
  • Contribution to the 2017/18 Budget Debate by Prime Minister ...
  • Those economic growth rate predictions...
  • Stay focused amidst the good news
  • Great need to ensure senior citizens are protected
  • Jamaica rum exports projected to grow
  • Fitch: Jamaica Budget Shows Broad Fiscal Policy Continuity
  • 'A good budget'

    HUNGARY -2.20


  • Hungary PM says restricting the number of migrants and protecting ...
  • Macedonia President Says His Country Grateful To Hungary For ...
  • HUNGARY: Hungary: Prime Minister Viktor Orbán speaks harshly ...
  • PwC reveals Hungarian CEOs' mindset in sixth survey
  • JCRA Becomes Fourth Major Credit Rating Agency To Upgrade ...
  • Hungary PM says restricting the number of migrants and protecting ...
  • ForMin Melescanu had a meeting in Budapest with his Hungarian ...
  • Hungary may revise 2017 budget in light of March deficit - minister
  • Energy analyst: New nuclear reactors will heavily increase ...

    EGYPT -1.98


  • Egypt's president to visit Washington in April
  • President Trump to host Iraqi Prime Minister at White House
  • Egypt's year-on-year growth shrinks to 3.8% in Q2 of 2016/17
  • Egypt investment minister, UK ambassador sign $150 mln loan ...
  • Forget ISIS, Egypt's Population Boom Is its Biggest Threat
  • Food industry exports came next at a 2.07 percent growth rate with ...
  • But sources close to Al-Masry Al-Youm said the budget exceeds one ...
  • Yields Fall at Egypt Debt Sale as Weaker Pound Lures Foreigners
    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Egyptian Financial Group-Hermes Holding CoEGYPTFinancials3/23/2017

    BRAZIL -1.83


  • Brazil's president: Meat scandal is 'economic embarrassment'
  • Brazilian President: 'Ghosts' Forced Me, My Family Out of ...
  • Is Brazil Showing Improvement in Its Economic Growth?
  • INTERVIEW-Brazil sees American Airlines investment as show of ...
  • The CBN new Forex policy not sustainable – Doyin Okupe
  • Brazil to drive Latin American oil export growth
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • Brazil: Debt Means Bankruptcy For PDG Realty
    Econ events
    momenteventForecastConsensus
    2017-03-24Foreign Direct Investment FEB$ 9.8B
    2017-03-24Current Account FEB$ -4.6B
    2017-03-24Federal Tax Revenues FEBBRL 94.9B

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    CPFL Energia SABRAZILUtilities3/23/2017
    Cyrela Brazil Realty SA Empreendimentos e ParticipacoesBRAZILConsumer Discretionary3/23/2017
    JBS SABRAZILConsumer Staples3/23/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Cia Energetica de Sao PauloBRAZILUtilities3/24/2017
    Eneva SABRAZILUtilities3/24/2017
    Eneva SABRAZILUtilities3/24/2017
    Oi SABRAZILTelecommunication Services3/24/2017
    Cia de Saneamento Basico do Estado de Sao PauloBRAZILUtilities3/24/2017

    NORWAY -1.71


  • Icelandic President and First Lady on official visit to Norway
  • Anti immigration party calls for new Somali PM to be stripped of his ...
  • These are the 15 happiest countries in the world
  • Crude Collapse Forces Cuts in Norway Investment Forecasts
  • Norway's population rises again
  • GBP NOK Exchange Rate Jumps as Oil Prices Plummet
  • Rescuing Air Berlin From a Tailspin
  • 'New fund' targets Norway vessel assets

    GREECE -1.67


  • Supreme Court limits president's power to fill temporary posts
  • Greece's prime minister defends deal with bailout creditors - as it ...
  • We Continue to Expect Economic Growth in Greece in 2017, EC ...
  • Greece offers no increase in taxes to attract big investments
  • Academic Research on Modern Greece's Population Growth
  • Exports of medicines the second biggest category for Greece
  • Greek Jan-Nov central govt budget surplus beats target
  • Greece debt crisis: 'GROUNDHOG DAY' talks fail to break deadlock ...
    Econ events
    momenteventForecastConsensus
    2017-03-23Current Account JANˆ -0.97B

    POLAND -1.63


  • Polish president hands awards to employee-friendly firms
  • Polish PM questions credibility of polls showing government slide
  • Poland economic growth likely to accelerate to 3.0 pct in 2017 and ...
  • Poland's investment declines at fastest pace in 6 years
  • Poland Can't Get Enough of Ukrainian Migrants
  • HSBC: Rapid growth forecast for Polish service exports
  • The Poland ETF Is A Speculative Buy
  • Poland - Factors to Watch March 1
    Econ events
    momenteventForecastConsensus
    2017-03-23Unemployment Rate FEB0.085

    SINGAPORE -1.49


  • Jean-Luc Butel appointed as president of Church of Jesus Christ of ...
  • PM Lee to make official visit to Vietnam
  • Economists now more upbeat on Singapore economic growth
  • Stewardship and Responsible Investing are Important Principles for ...
  • Singapore population rises 1.3% to 5.61 million
  • Singapore exports rise at fastest pace since 2012
  • What goes into balancing the Singapore budget?
  • Singapore debt wall fuels concerns as Ezra stumbles
    Econ events
    momenteventForecastConsensus
    2017-03-23Inflation Rate MoM FEB0.003
    2017-03-23Inflation Rate YoY FEB0.01
    2017-03-23Core Inflation Rate YoY FEB0.014
    2017-03-24Industrial Production MoM FEB-0.008
    2017-03-24Industrial Production YoY FEB0.068

    Our Recent Research Reports

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  • 2017-03-20 2017 Russia in Spotlight and Which Benchmark Is Good? – RTS.

    Recent Chart Art

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    Gold and Precious Metals Funds Show Outflows

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