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May 18, 2017

Best 15 Markets Yesterday

CountryChangePct
ZIMBABWE4.92
NIGERIA1.73
HUNGARY1.61
KUWAIT1.33
KAZAKHSTAN1.20
NORWAY1.12
SLOVENIA1.10
BULGARIA0.97
JAPAN0.96
NEW ZEALAND0.94
VIETNAM0.89
EGYPT0.78
CROATIA0.66
BOSNIA AND HERZEGOVINA0.57
SRI LANKA0.57

Worst 15 Markets Yesterday

CountryChangePct
ISRAEL-2.21
BRAZIL-2.00
CANADA-1.83
USA-1.82
MEXICO-1.54
COLOMBIA-1.54
ITALY-1.51
IRELAND-1.50
DENMARK-1.49
RUSSIA-1.32
SPAIN-1.30
FINLAND-1.21
INDONESIA-1.21
ARGENTINA-1.16
GHANA-1.04

Best 10 Markets YTD

CountryChangePct
ARGENTINA42.31
JAMAICA32.00
POLAND31.29
AUSTRIA28.03
KAZAKHSTAN26.08
KOREA25.73
ROMANIA24.00
GREECE23.93
SPAIN22.69
INDIA21.73

Worst 10 Markets YTD

CountryChangePct
OMAN-11.83
LEBANON-7.36
RUSSIA-6.33
SAUDI ARABIA DOMESTIC-2.94
TUNISIA-2.26
QATAR-2.24
QATAR DOMESTIC-2.08
CANADA-2.01
TRINIDAD AND TOBAGO-1.88
JORDAN-1.34

Best 10 Markets Last 12 months

CountryChangePct
JAMAICA55.17
AUSTRIA47.40
KAZAKHSTAN46.16
BRAZIL44.16
BULGARIA44.14
TAIWAN36.99
KOREA35.04
ARGENTINA33.43
ZIMBABWE30.58
PAKISTAN29.75

Worst 10 Markets Last 12 months

CountryChangePct
NIGERIA-27.67
TUNISIA-18.56
BOTSWANA-17.44
GHANA-15.61
EGYPT-12.51
OMAN-12.39
SLOVENIA-10.91
BOSNIA AND HERZEGOVINA-10.77
ISRAEL-8.90
KENYA-5.74

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Bolivia4.960.08
Tunisia6.100.06
Indonesia4.120.05
Costa Rica6.180.03
Philippines3.310.02
Ethiopia6.580.02
Turkey5.070.02
Sri Lanka5.290.01
Lebanon6.050.01
Jordan5.870.01
Dominican Republic5.300.01
Poland2.740.00
Slovak Republic2.460.00
United States0.990.00
Panama3.530.00
Egypt5.99-0.01
Malaysia3.47-0.01
Hungary3.33-0.01
Lithuania2.49-0.01
Paraguay5.53-0.01
Vietnam4.30-0.01
India3.90-0.01
China3.05-0.01
Chile2.98-0.01
Romania3.60-0.02
Cote D'Ivoire (Ivory Coast)6.33-0.02
Morocco3.41-0.02
Pakistan5.05-0.02
Jamaica5.81-0.02
Trinidad and Tobago4.77-0.03
Mongolia5.92-0.03
Croatia (Hrvatska)3.58-0.03
Oman4.64-0.03
Serbia3.45-0.03
Russian Federation3.93-0.04
Uruguay4.31-0.04
Peru3.84-0.04
Mexico4.50-0.04
Colombia4.10-0.05
Argentina6.30-0.06
Azerbaijan4.81-0.06
South Africa4.91-0.06
Kazakhstan4.58-0.07
Zambia7.73-0.07
Brazil4.78-0.08
Nigeria6.89-0.09
El Salvador8.49-0.11
Kenya6.56-0.11
Angola8.64-0.12
Ecuador8.66-0.15
Gabon6.56-0.15
Ghana8.15-0.18
Iraq7.81-0.24
Ukraine7.65-0.29
Venezuela24.96-0.58

Chart: Other Global Gloom Signs besides Trump Sell off In the States Yesterday -

China Rising rates and Chinese iron ore prices collapse

Source: ML, MS

Download file in Power Point


Comment

Weekly performance is between 2017-05-17 and 2017-05-12

Best global markets week to date EUROPE +0.96%, EFM ASIA +0.73%, EM (EMERGING MARKETS) +0.62%,

While worst global markets week to date USA -1.41%, EM LATIN AMERICA -0.12%, FM (FRONTIER MARKETS) 0.33%,
  • US stock sell-off deepens, Vix up most since September
  • Advisers favour UK over US equities
  • Emerging markets have returned to form - time to buy?
  • Two Hot Emerging Markets, One ETF (FNI)
  • Chinese Stocks Are Finding Favor, as Long as You're Not in China
  • China stocks end lower as US political turmoil dents global risk ...
  • European equities suffer worst day since September
  • Move over, US, the stampede is on for European equities
  • Today's oil prices are helping US drillers beat OPEC. Goldman's ...
  • Venezuela's Oil Production On The Brink Of Collapse
  • Steel Price Forecast, April 2017: US Steel to Invest in Plants
  • JSW Steel fourth quarter profit triples on higher prices
  • Gold Prices Jump Over 200-DMA as Trump-Comey 'Nears ...
  • Current Gold Price: Track current gold rate trends and news

    Best since the start of the week among various stock markets were ZIMBABWE +6.07%, AUSTRIA +5.88%, BULGARIA +3.60%, NORWAY +3.47%, CZECH REPUBLIC +2.94%, HUNGARY +2.52%, KUWAIT +2.20%, SLOVENIA +2.18%, ROMANIA +1.76%, GREECE +1.69%,

    While worst since the start of the week among various stock markets were INDONESIA -1.97%, ISRAEL -1.80%, PAKISTAN -1.52%, USA -1.41%, MAURITIUS -1.16%, BANGLADESH -1.07%, EGYPT -1.06%, CANADA -1.04%, NIGERIA -0.97%, GHANA -0.92%,

    News

    Best 10 Market Since the begining of the week


    ZIMBABWE 6.07


  • Zimbabwe: President to Launch Masvingo Highway Dualisation ...
  • How the Pierre Trudeau government turned a blind eye to Africa ...
  • Zimbabwe: Agric, Mining to Drive Economic Growth - IMF
  • Zimbabwe: Paradox of Re-Industrialisation in Zim
  • Zimbabwe: Disability, Child Poverty in Zim - Why It Matters
  • Zim-Namibia seal economic pact
  • Retention funds cost Zim millions
  • Zimbabwe's Debt Clearance Strategy Questioned

    AUSTRIA 5.88


  • Austrian President calls on all women to wear headscarves in ...
  • Austria's Mitterlehner quits as vice chancellor and party chief
  • Tracking how many key positions Trump has filled so far
  • Austria: Mining, Minerals and Fuel Resources
  • Growing immigration will 'keep Austria young'
  • Austria aims to boost wine exports
  • Fitch Affirms Sovereign Ratings Of Austria & Portugal
  • The Dawn of the Ultra-Long Bond
    Econ events
    momenteventForecastConsensus
    2017-05-17Inflation Rate MoM APR0.003
    2017-05-17Inflation Rate YoY APR0.023

    BULGARIA 3.60


  • Bulgarian President Convenes National Security Council
  • Bulgaria Official Quits in Storm Over Nazi Salute
  • Bulgaria records 0.8% economic growth in Q1 2017 – flash estimate
  • Bulgaria Posts 46.4% Drop in FDI in Jan-Nov 2016
  • Telenor Bulgaria boosts mobile data usage in Q1
  • Bulgaria's Exports Grew 4% in 2015 - Final Data
  • Bulgaria expects Jan-April fiscal surplus to shrink to 1.6 pct
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    NORWAY 3.47


  • President of Indias message on the eve of Constitution Day of Norway
  • Norwegian-British man freed from Congo prison after two alleged ...
  • Norwegian economic growth likely to have picked up further in Q1 ...
  • Crude Collapse Forces Cuts in Norway Investment Forecasts
  • While other digital publishers flail this Norwegian publication is ...
  • Nordea, Carnegie Take Top Spots in 2017 Nordic Brokers Ranking
  • Norway 2017 budget reduces spending of cash from wealth fund ...
  • Oil-, gas-rich Norway expects sluggish economic growth

    CZECH REPUBLIC 2.94


  • Controversial Czech President jokes 'there are too many journalists ...
  • Czech PM accepts new finance minister ending crisis
  • Bright GDP growth figures from Eastern Europe
  • Czech politicians take aim at banks
  • Právo: Czechs want to live long, but not to age
  • Seat increases sales by 10% and production at its Greater ...
  • UPDATE 1-Czech PM's party puts bank tax back on election menu
  • Czech Parliament Approves Armenian Genocide Resolution

    HUNGARY 2.52


  • Hungarian President takes oath for 2nd 5-year term
  • MEPs slam Hungary, call on EU to explore sanctions
  • IMF raises Hungary GDP growth, inflation forecasts for 2017, 2018
  • Hungary aims for bigger role in Belt and Road Initiative
  • Hungary: Population Movement - Emergency Appeal n° MDRHU004 ...
  • Hungary lags far behind CEE peers in terms of growth
  • Hungary may revise 2017 budget in light of March deficit - minister
  • Equities: CCC retailer suffers unexpectedly huge loss

    KUWAIT 2.20


  • Liberia: President Sirleaf Receives Letters of Credence of New ...
  • MPs set to grill prime minister
  • Kuwait's economy to shrink by 0.2% this year: IMF – Oil output cuts ...
  • BRIEF-Kuwait Investment Authority postpones sale of stake in ...
  • Kuwait population rises to 4.33 mln
  • Beximco in milestone achievement with Kuwait exports
  • Kuwait '35 vision tangible strides, clear reforms to build ...
  • Kuwait says to increase debt ceiling, permit longer-dated bonds

    SLOVENIA 2.18


  • Slovenian boy receives letter and presents from Belarus president
  • Slovenian Police Bans Concert by Croatian Singer
  • EBRD lifts Slovenia 2017 GDP growth forecast
  • Lower EU funds could be felt by CEE, due to Brexit, but pain could ...
  • Balkan countries unite in a war on waste
  • Slovenia March export growth at six-year-high, slowdown seen in H2
  • Good news on fiscal front for 2016 in CEE, apart from Romania
  • UPDATE 1-Slovenia sees public debt at about 83 pct of GDP by end ...

    ROMANIA 1.76


  • CEE MARKETS-Bucharest stocks hit 9-year high, Hungary lifts bond ...
  • Media: Two of US President Donald Trump's sons came to Romania
  • Romanian PM to JPost: We oppose terrorist salaries, UNESCO ...
  • Romania champions EU economic growth in Q1
  • CRF Health: Romania investment part of growth strategy
  • INS: Romania's population, negative natural growth rate of 9782 ...
  • Romania's exports and imports accelerate in March to new record ...
  • Romania budget revenues down 5.7 pct in January 2017
  • CEE MARKETS-Bucharest stocks hit 9-year high, Hungary lifts bond ...

    GREECE 1.69


  • Greek President backs China's “One Belt, One Road” Initiative
  • Greek debt drama's coming to a close (well, maybe)
  • Greece returns to recession after bailout battle dragged on Greek ...
  • Greece offers no increase in taxes to attract big investments
  • Cities urged to 'embrace new reality' of mass migration
  • Exports of medicines the second biggest category for Greece
  • Greek Jan-April central govt budget surplus beats target on lower ...
  • IMF chief urges Eurozone to progress on Greece debt relief package

    Worst 10 Market Since Begining of the Week


    INDONESIA -1.97


  • Indonesia President Calls for Respect of Governor Blasphemy Verdict
  • Definitely no haze this year, Indonesia assures neighbours
  • Indonesian economic growth picks up in first quarter
  • Bleak Q1-2017 Foreign Direct Investment Growth in Indonesia
  • Exclusive: Indonesian Islamist leader says ethnic Chinese wealth is ...
  • Indonesia's April export, import growth slower than expected
  • Indrawati chops $10bn from Indonesia's budget
  • Mixed messages of Chinese investment in Indonesia
    Econ events
    momenteventForecastConsensus
    2017-05-18Loan Growth YoY MAR0.081
    2017-05-18Lending Facility Rate MAY0.055
    2017-05-18Interest Rate Decision 0.0475
    2017-05-18Deposit Facility Rate MAY0.04

    ISRAEL -1.80


  • The President Goes to Israel
  • Donald Trump, Israeli Prime Minister Benjamin Netanyahu Speak ...
  • Israel's Growth Slows Unexpectedly as Car Purchases Decline
  • Insights
  • Israel's Population Now 8.68 Million, 10x 1948 Figures
  • Medical equipment leads rise in Israel's exports
  • Broward sheriff makes case for more money
  • Israel's debt-to-GDP ratio falls
    Econ events
    momenteventForecastConsensus
    2017-05-17Inflation Expectations MAY0.001
    2017-05-18M1 Money Supply YoY APR

    PAKISTAN -1.52


  • Presidential election: Polling stations established for Iranians in ...
  • Pakistan prime minister invites Hong Kong to invest in country
  • Pakistan is now a $300-billion economy
  • PM touts Pakistan's investment prospects to Hong Kong forum
  • Nawaz says Pakistan on track of sustainable growth
  • Service exports jump 56pc
  • Budget deficit likely to go up further
  • Is Pakistan's debt really a problem?

    USA -1.41


  • Impeachment: Donald Trump's worst nightmare?
  • 'ErdoÄŸan's bodyguards' in violent clash with protesters in ...
  • US Treasury targets 3% economic growth
  • Anheuser-Busch InBev Is Investing $2 Billion In American Breweries
  • Minneapolis population boom echoes Roaring Twenties
  • GDP Increases 0.7% in First Quarter of 2017, Below Expectations
  • Trump pushes Democrats on border wall as government shutdown ...
  • Russia is buying up US debt

    MAURITIUS -1.16


  • Mauritius, most business-friendly, says the island nation's Vice ...
  • Mauritius: Prime Minister Lauds Mauritius-China Relations
  • The island where Africa's rich get richer
  • IndiGrid InvIT opens: Here's what brokerages are saying about it
  • The island where Africa's rich get richer
  • The Zambian Kwacha to Recover on Steadily Rising Investor ...
  • Mauritius: Budget 2016-2017 Targets Major Public Sector Reform ...
  • India, Cyprus agree to new tax treaty: Here's how it clears ...

    BANGLADESH -1.07


  • President for coordinated efforts to ensure proper use of ICT
  • Circa: Prime Minister of Bangladesh Says Clinton Personally ...
  • Bangladesh heading for fastest economic growth in FY17: Govt
  • Investment on infrastructure now critical: analysts
  • Reforms end three years of turmoil and recession in Brazil
  • The Promising Future of Inland Waterway Trade in South Asia
  • Next budget to be 'best' in my life: Muhith
  • Emergence of South Asia as the fastest growing region is a major ...

    EGYPT -1.06


  • Egypt's president assures steps to ease strain on poor
  • October 6, 1981: Egypt's President Anwar Sadat assassinated over ...
  • Egypt economic growth
  • Egypt's business climate improving, challenges remain: Capital ...
  • Forget ISIS, Egypt's Population Boom Is its Biggest Threat
  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egypt's budget deficit hits $10.8bn
  • Yields Fall at Egypt Debt Sale as Weaker Pound Lures Foreigners

    CANADA -1.04


  • New Golf Canada CEO promising change, and big-event golf: Feschuk
  • Candian Prime Minister Justin Trudeau visits Seattle
  • Minister Garneau introduces legislation to support Canadian ...
  • Minister Chagger announces Government of Canada investment in ...
  • Why you can thank multiculturalism for Canada's strong population ...
  • Canada's exports rebound to record in healthy sign for the economy
  • Canada budget surplus narrows in Feb from year ago
  • Canada's debt levels are relatively healthy, but some provinces are ...
    Econ events
    momenteventForecastConsensus
    2017-05-17Manufacturing Sales MoM MAR
    2017-05-18Foreign Securities Purchases by Canadian
    2017-05-18Foreign Securities Purchases MARC$ 14.8B

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Canadian Solar IncCANADAInformation Technology5/17/2017

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Inter Pipeline LtdCANADAEnergy5/18/2017
    Vermilion Energy IncCANADAEnergy5/18/2017

    NIGERIA -0.97


  • Nigerian president meets freed Chibok girls
  • France's Macron appoints Edouard Philippe as prime minister
  • Nigerian officials speak as IMF forecasts 2.6 per cent growth in ...
  • Nigeria: Investment in Lekki Free Trade Zone hits $15b
  • Nigeria: The Elephant in the Room - Nigeria's Population Growth ...
  • Nigeria Strategy Report Q2 2017 Outlook - Domestic Economic and ...
  • Nigeria: Budget 2017 - Govt, Opec Differ On Oil Output
  • Nigeria's Debt Service To Revenue Ratio Will Reduce As Revenue ...
    Econ events
    momenteventForecastConsensus
    2017-05-18GDP Growth Rate YoY Q10.004
    2017-05-18GDP Growth Rate QoQ Q1-0.1294

    GHANA -0.92


  • Ghana to share oil and gas experience with Senegal
  • Cambodian Prime Minister Hun Sen
  • World Bank Predicts 7% Economic Growth Rate for Ghana
  • Robert Anane/Elizabeth Fosu
  • Population statistics vital to development planning - GSMF boss
  • GNCC, Indian businesses strategize to boost Ghana's exports
  • Ghana's budget deficit hovering around GH¢13.3b
  • 2017 Debt Rate : Ghana's debt-to-GDP ratio to hit 71.7% - IMF projects

    Our Recent Research Reports

  • 2017-05-17 ML Morning Meeting
  • 2017-05-16 ML Morning Meeting
  • 2017-05-16 MidLincoln Weekly Chart Art
  • 2017-05-15 ML Sectors Strategy Weekly
  • 2017-05-15 ML Fixed Income Queries and Stance Weekly
  • 2017-05-15 ML Weekly (with correct links)

    Recent Chart Art

    Other Global Gloom Signs besides Trump Sell off In the States Yesterday -

    Download file in Power Point    		CEE Real Rates

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    Bond Yields is a one good reason for European stock performance. Not?

    Download file in Power Point    		Spike in HK yields is mostly caused by dislocation in coal markets which caused record losses for HK trader Noble Group. Yields spike..

    Download file in Power Point    		Energy Sector is the worst in global equity sectors performance ytd.

    Download file in Power Point
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    Download file in Power Point    		Russian carry trade - does it all stops here?

    Download file in Power Point