May 26, 2017

Best 15 Markets Yesterday

Country	ChangePct
EGYPT	2.83
BOTSWANA	2.49
KAZAKHSTAN	2.11
POLAND	2.09
GREECE	2.05
KOREA	2.01
ARGENTINA	1.71
KENYA	1.66
INDIA	1.47
CHINA	1.18
TAIWAN	1.11
NIGERIA	1.07
ROMANIA	1.02
HUNGARY	0.97
BULGARIA	0.91

Worst 15 Markets Yesterday

Country	ChangePct
TRINIDAD AND TOBAGO	-1.48
BRAZIL	-0.92
TURKEY	-0.79
VIETNAM	-0.79
PERU	-0.66
PAKISTAN	-0.58
IRELAND	-0.49
SRI LANKA	-0.38
SAUDI ARABIA DOMESTIC	-0.31
COLOMBIA	-0.30
UNITED ARAB EMIRATES	-0.28
JAMAICA	-0.19
SERBIA	-0.15
KUWAIT	-0.13
ITALY	-0.11

Best 10 Markets YTD

Country	ChangePct
ARGENTINA	44.41
POLAND	35.77
AUSTRIA	32.33
JAMAICA	29.23
KOREA	28.11
ROMANIA	28.06
SPAIN	25.16
KAZAKHSTAN	24.67
TURKEY	23.88
CHINA	22.66

Worst 10 Markets YTD

Country	ChangePct
OMAN	-12.72
RUSSIA	-7.44
LEBANON	-7.37
TRINIDAD AND TOBAGO	-5.00
TUNISIA	-4.10
SAUDI ARABIA DOMESTIC	-3.56
QATAR	-1.96
QATAR DOMESTIC	-1.72
JORDAN	-1.33
MOROCCO	-0.62

Best 10 Markets Last 12 months

Country	ChangePct
JAMAICA	52.45
BULGARIA	50.86
AUSTRIA	49.28
ZIMBABWE	45.70
KOREA	38.26
KAZAKHSTAN	36.23
ARGENTINA	35.04
POLAND	34.82
BRAZIL	34.45
PAKISTAN	33.65

Worst 10 Markets Last 12 months

Country	ChangePct
NIGERIA	-30.30
TUNISIA	-20.68
GHANA	-15.51
BOTSWANA	-13.96
OMAN	-12.56
ISRAEL	-10.08
EGYPT	-9.83
BOSNIA AND HERZEGOVINA	-9.08
SLOVENIA	-6.81
ESTONIA	-3.74

Country USD Yields and Week Changes

Country	Average Yield	Yield Average WkChange % pts
Azerbaijan	5.25	0.45
Brazil	5.10	0.32
Lebanon	6.27	0.22
Ukraine	7.81	0.16
Oman	4.80	0.16
Serbia	3.59	0.15
Iraq	7.95	0.14
Tunisia	6.24	0.14
Trinidad and Tobago	4.91	0.14
Egypt	6.10	0.11
Argentina	6.41	0.11
Bolivia	5.06	0.10
Gabon	6.66	0.10
Angola	8.74	0.10
Croatia (Hrvatska)	3.65	0.08
Cote D'Ivoire (Ivory Coast)	6.40	0.07
Mongolia	5.98	0.06
South Africa	4.97	0.06
Pakistan	5.11	0.06
Ecuador	8.71	0.05
Dominican Republic	5.34	0.04
Jamaica	5.85	0.04
Ethiopia	6.62	0.04
Turkey	5.11	0.04
Nigeria	6.92	0.03
El Salvador	8.52	0.03
Ghana	8.18	0.03
Sri Lanka	5.31	0.02
Jordan	5.89	0.02
United States	1.01	0.02
Zambia	7.74	0.01
Costa Rica	6.19	0.01
Kazakhstan	4.59	0.01
Paraguay	5.54	0.01
Russian Federation	3.93	0.00
Romania	3.60	-0.01
Panama	3.52	-0.01
Lithuania	2.47	-0.02
Hungary	3.30	-0.03
Peru	3.81	-0.03
Indonesia	4.09	-0.04
Colombia	4.06	-0.04
Kenya	6.52	-0.04
Vietnam	4.26	-0.04
Poland	2.70	-0.04
Uruguay	4.27	-0.05
Morocco	3.36	-0.05
Mexico	4.45	-0.05
Philippines	3.25	-0.06
Slovak Republic	2.40	-0.06
Venezuela	24.86	-0.09
Chile	2.86	-0.12
Malaysia	3.34	-0.13
China	2.89	-0.16
India	3.72	-0.18

moment	event	Forecast	Consensus
2017-05-25	Prime Overdraft Rate	10.50%
2017-05-25	Interest Rate Decision	7%
2017-05-25	PPI YoY APR	5.10%
2017-05-25	PPI MoM APR

Company	Country	Sector	Reported
Tiger Brands Ltd	SOUTH AFRICA	Consumer Staples	5/25/2017
Foschini Group Ltd/The	SOUTH AFRICA	Consumer Discretionary	5/25/2017

moment	event	Forecast	Consensus
2017-05-25	Interest Rate Decision	1.25%
2017-05-26	Consumer Confidence MAY	100.6

moment	event	Forecast	Consensus
2017-05-25	Industrial Orders YoY MAR	5.10%
2017-05-25	Industrial Sales MoM MAR	0.70%
2017-05-25	Industrial Sales YoY MAR	4.20%
2017-05-25	Industrial Orders MoM MAR	-2.10%

Great Run in Emerging Markets this year +17% YTD, +26% 1-Year…There are no really acute drivers that are clearly on surface and its still below the levels where it was 3 years ago.. Download file in Power Point	Moody's downgrades China rating to A1 from Aa3, with stable outlook.. Although emerging markets are still doing very well this week. The longer term implications for GEM yields could be negative as well as for overall GEM risk. Download file in Power Point	Argentina – why so hot? Download file in Power Point
Former Austro-Hungarian Empire Countries Equities were among the leaders in the last 12 months. Download file in Power Point	Brazil Yields Rise, Highlighting the Political Risk Download file in Power Point	Emerging Market Funds Returned to Inflow Download file in Power Point
Brazil Impeachment Download file in Power Point	Other Global Gloom Signs besides Trump Sell off In the States Yesterday - Download file in Power Point	CEE Real Rates Download file in Power Point

Best 15 Markets Yesterday

Worst 15 Markets Yesterday

Best 10 Markets YTD

Worst 10 Markets YTD

Best 10 Markets Last 12 months

Worst 10 Markets Last 12 months

Country USD Yields and Week Changes

Chart: Great Run in Emerging Markets this year +17% YTD, +26% 1-Year…There are no really acute drivers that are clearly on surface and its still below the levels where it was 3 years ago..

Comment

Best 10 Market Since the begining of the week

KENYA 5.89

PAKISTAN 5.06

ZIMBABWE 4.68

BOTSWANA 3.93

SOUTH AFRICA 3.56

KOREA 3.25

TURKEY 3.25

NEW ZEALAND 2.49

EGYPT 2.46

NIGERIA 2.34

Worst 10 Market Since Begining of the Week

TRINIDAD AND TOBAGO -2.80

INDONESIA -1.44

ITALY -1.43

MOROCCO -1.42

GREECE -1.39

TUNISIA -1.26

UNITED ARAB EMIRATES -1.23

KUWAIT -1.12

PERU -1.08

BOSNIA AND HERZEGOVINA -1.07

Best 15 Markets Yesterday

Worst 15 Markets Yesterday

Best 10 Markets YTD

Worst 10 Markets YTD

Best 10 Markets Last 12 months

Worst 10 Markets Last 12 months

Country USD Yields and Week Changes

Chart: Great Run in Emerging Markets this year +17% YTD, +26% 1-Year… There are no really acute drivers that are clearly on surface and its still below the levels where it was 3 years ago..

Comment

Best 10 Market Since the begining of the week

Worst 10 Market Since Begining of the Week

Chart: Great Run in Emerging Markets this year +17% YTD, +26% 1-Year…There are no really acute drivers that are clearly on surface and its still below the levels where it was 3 years ago..