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June 15, 2017

Best 15 Markets Yesterday

CountryChangePct
ZIMBABWE2.76
SRI LANKA2.55
HUNGARY2.16
NIGERIA2.12
INDONESIA1.96
CROATIA1.72
SOUTH AFRICA1.55
QATAR1.46
TURKEY1.44
MEXICO1.39
BRAZIL1.39
NEW ZEALAND1.38
BOTSWANA1.02
COLOMBIA0.99
UKRAINE0.94

Worst 15 Markets Yesterday

CountryChangePct
AUSTRIA-1.73
SLOVENIA-1.52
RUSSIA-1.50
CANADA-1.21
ARGENTINA-0.87
KENYA-0.76
BAHRAIN-0.64
PAKISTAN-0.64
SPAIN-0.43
OMAN-0.36
TAIWAN-0.36
GHANA-0.34
SERBIA-0.32
HONG KONG-0.30
UNITED ARAB EMIRATES-0.26

Best 10 Markets YTD

CountryChangePct
ZIMBABWE42.13
ARGENTINA41.96
POLAND32.20
JAMAICA31.80
NIGERIA30.80
TURKEY29.20
KOREA28.78
AUSTRIA28.40
KAZAKHSTAN27.31
ROMANIA26.56

Worst 10 Markets YTD

CountryChangePct
OMAN-14.98
RUSSIA-14.28
QATAR-10.41
PAKISTAN-5.64
LEBANON-5.46
SAUDI ARABIA DOMESTIC-3.40
TRINIDAD AND TOBAGO-3.31
TUNISIA-0.30
CANADA0.27
JORDAN0.70

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE128.09
AUSTRIA59.76
BULGARIA54.31
JAMAICA49.40
HUNGARY44.21
KAZAKHSTAN43.60
SPAIN37.73
POLAND37.40
KOREA36.62
CHINA33.55

Worst 10 Markets Last 12 months

CountryChangePct
GHANA-16.37
BOTSWANA-16.24
NIGERIA-15.96
OMAN-13.77
TUNISIA-11.19
EGYPT-7.91
ISRAEL-7.05
BOSNIA AND HERZEGOVINA-7.01
SLOVENIA-5.90
ESTONIA-5.53

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Tunisia6.330.09
India3.770.05
China2.950.04
United States1.040.03
Malaysia3.360.02
Philippines3.270.02
Cote D'Ivoire (Ivory Coast)6.39-0.02
Uruguay4.24-0.02
Lebanon6.24-0.02
Lithuania2.45-0.03
Slovak Republic2.37-0.03
Pakistan5.08-0.03
Mongolia5.95-0.03
Colombia4.03-0.03
Chile2.83-0.03
Sri Lanka5.26-0.05
El Salvador8.47-0.05
Paraguay5.49-0.05
Mexico4.39-0.05
Peru3.76-0.05
Hungary3.25-0.06
Egypt6.04-0.06
Panama3.46-0.06
Romania3.54-0.06
Trinidad and Tobago4.84-0.07
Dominican Republic5.26-0.07
Ethiopia6.54-0.08
Poland2.61-0.09
Kazakhstan4.50-0.09
Vietnam4.17-0.09
Jordan5.80-0.09
Argentina6.32-0.10
Morocco3.26-0.10
Kenya6.41-0.11
Indonesia3.97-0.11
Brazil4.99-0.12
Russian Federation3.81-0.12
Ecuador8.57-0.14
Oman4.65-0.15
Jamaica5.70-0.16
Senegal6.08-0.16
Turkey4.93-0.16
Serbia3.42-0.17
Costa Rica6.02-0.17
Nigeria6.73-0.19
Ukraine7.62-0.19
Zambia7.55-0.19
Croatia (Hrvatska)3.45-0.20
Bolivia4.84-0.22
South Africa4.72-0.25
Azerbaijan4.97-0.28
Gabon6.37-0.29
Angola8.43-0.31
Ghana7.76-0.42
Venezuela24.33-0.54
Iraq7.31-0.64

Chart: DXY Dollar Index has stopped falling and is likely to repeat December move after FED new hike in June

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-06-14 and 2017-06-09

Best global markets week to date EM LATIN AMERICA +0.50%, USA +0.28%, EUROPE +0.08%,

While worst global markets week to date EFM ASIA -0.70%, EM (EMERGING MARKETS) -0.44%, FM (FRONTIER MARKETS) -0.17%,
  • Not your father's market: Tech tantrum shows how US equities ...
  • US equities overvalued, say investors
  • Emerging markets set to brush off Fed tightening concerns
  • Asia tech groups lead emerging market equities surge
  • China stocks fall on Anbang tumult, weak investment data; Hong ...
  • Hong Kong stocks start weaker after Fed rate hike; China shares flat
  • Europe equities well placed for strong second half
  • Investors Love European Stocks—Now They Love the Euro Too
  • Oil prices are tanking right now; US crude drops below $45 a barrel ...
  • Oil Prices Fall As IEA Points At Poor Fundamentals
  • Section 232 Potential Outcomes, Impact Becoming More Clear
  • Current steel prices are higher than duties: Rakesh Arora
  • Gold price: Find all the latest trends and news about gold
  • Today Gold Price: Track today gold rate latest trends and news

    Best since the start of the week among various stock markets were GREECE +5.17%, HUNGARY +3.93%, CROATIA +3.08%, ZIMBABWE +3.07%, INDONESIA +2.89%, SRI LANKA +2.85%, BULGARIA +2.25%, TURKEY +2.19%, NORWAY +2.02%, DENMARK +2.01%,

    While worst since the start of the week among various stock markets were UKRAINE -5.36%, EGYPT -2.68%, ARGENTINA -2.44%, AUSTRIA -2.36%, RUSSIA -2.24%, PAKISTAN -2.03%, TAIWAN -1.69%, SPAIN -1.06%, CHINA -1.01%, POLAND -0.90%,

    News

    Best 10 Market Since the begining of the week


    GREECE 5.17


  • Greek president to Germany: Don't let election affect stance on debt
  • Constantine Mitsotakis, former prime minister of Greece, dies aged 98
  • Greece not in recession after all: GDP revised up to 0.4% growth
  • Greece to shortlist contractors for Athens metro expansion by end ...
  • Academic Research on Modern Greece's Population Growth
  • Exports of medicines the second biggest category for Greece
  • Greek Jan-April central govt budget surplus beats target on lower ...
  • ECB's Coeure calls for clarity on Greece debt relief before QE ...

    HUNGARY 3.93


  • Hungarian steel association welcomes new president
  • EU migration showdown: divide deepens after Brussels launches ...
  • Hungarian economic growth likely to accelerate higher in 2017 ...
  • Hungary aims for bigger role in Belt and Road Initiative
  • Hungary reveals new ideas to increase birth numbers by 2030
  • New express facilities to handle record growth at Budapest Airport
  • UPDATE 1-Hungary's 2017 budget to target 2.4 pct/GDP deficit -PM ...
  • Energy analyst: New nuclear reactors will heavily increase ...

    CROATIA 3.08


  • Donald Trump Accepts Croatian President's Invitation to Attend ...
  • Groysman holding meeting with Croatian Prime Minister
  • World Bank lifts Croatia 2017 GDP growth fcast to 2.9%
  • Croatia wants to reduce public debt to 75 pct of GDP by end of 2019
  • Addressing Croatia's Population Problem: The New Ministry of Balls
  • Croatia's Exports Jump by 27% in January
  • Croatian lawmakers approve 2017 budget, deficit set at 1.6 pct/GDP
  • Croatia wants to reduce public debt to 75 pct of GDP by end of 2019

    ZIMBABWE 3.07


  • President Mugabe sacks Zimbabwe's chief prosecutor Johannes ...
  • Zimbabwe: The Over 50 000 Crowd Wedding That Broke ...
  • Zimbabwe: AfDB Projects Zim GDP At 1,3pc
  • Allocations along Zim-Asset lines hailed
  • Poverty and SDGs for children
  • Risky dependence. . . Call to diversify export market
  • Increasing budget deficit a sign of Zanu-PF madness
  • Final demand: Zimbabwe's debt defaulters

    INDONESIA 2.89


  • Indonesia president attends state banquet hosted by the Queen
  • Philippines seeks Malaysia, Indonesia cooperation vs terrorism
  • Economic growth targeted at 5.6 percent in 2018
  • Indonesia Open For Business After Investment Grade Ratings
  • Intudo Ventures launches $10M fund for Indonesia's fast-growing ...
  • Luxchem to boost presence in Indonesia, Vietnam
  • Indonesia Gets Investment Grade Credit Rating Status from S&P
  • Moody's raises Indonesia debt rating outlook to 'positive'
    Econ events
    momenteventForecastConsensus
    2017-06-14Retail Sales YoY MAY
    2017-06-15Lending Facility Rate JUN0.075
    2017-06-15Interest Rate Decision0.055
    2017-06-15Deposit Facility Rate JUN0.0475
    2017-06-155-Year BTAN Auction0.04
    2017-06-15Exports YoY MAY
    2017-06-15Balance of Trade MAY
    2017-06-15Unemployment Rate MAY$0.9B

    SRI LANKA 2.85


  • Sri Lankan President reportedly pledges to look for missing persons ...
  • Prime Minister returns to country
  • Northern economy must be developed for Sri Lanka's growth - PM
  • THE MANGALA MAP
  • Diplomats urge Sri Lanka govt action against anti-Muslim attacks ‎
  • Positive outlook for Sri Lanka's exports in 1Q 2017
  • Sri Lanka budget 2017: tax and revenue proposals
  • Fitch Ratings looking for 'clarity' on Sri Lanka debt numbers

    BULGARIA 2.25


  • Bulgaria's President Welcomes Trun Residents on Refendum ...
  • President Steinmeier to Prime Minister Borissov: Europe needs ...
  • Bulgaria reports 0.9% economic growth in Q1 2017
  • German-style 'grand' coalition looks unlikely in Bulgaria
  • Moody's affirms Bulgaria's Baa2 issuer ratings; outlook stable
  • NSI: Bulgarian exports to third countries grow 22.1% YoY in first 4 ...
  • Bulgaria sees fiscal surplus rising to 1.7 pct of GDP at end-May
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    TURKEY 2.19


  • Qatar isolation 'inhumane', violates Islamic values, says Turkey ...
  • Prime Minister: Turkey wants to continue EU membership talks
  • Turkish economic growth accelerates to 5%
  • Turkey's Tightrope Dance
  • Wild turkey population expanding to Arrowhead
  • Turkey needs to stick to EU process, reform agenda: Top bosses
  • Turkey's budget deficit at $7.4 billion for 2015
  • Turkey debt stock reaches $223.4 billion in April
    Econ events
    momenteventForecastConsensus
    2017-06-15TCMB Interest Rate Decision0.0925
    2017-06-15Unemployment Rate Q40.08
    2017-06-15Inflation Rate MoM Final MAY0.123
    2017-06-16Inflation Rate MoM MAY0.025

    NORWAY 2.02


  • Norway or no way? Can Efta fix it for Brexit Britain?
  • Norway's prime minister says Russia 'has become more unpredictable'
  • Norway emerges from downturn as growth seen at pre-crisis levels
  • PPA signed for Mozambique's first solar power plant
  • Population growth slows down
  • A future after oil and gas? Norway's fossil-free energy startups
  • No tax, utility increase in Norway budget
  • Energy sector putting strain on Norwegian economy
    Econ events
    momenteventForecastConsensus
    2017-06-16Unemployment Rate APRNOK 10.5B

    DENMARK 2.01


  • Nygaard back as National Olympic Committee and Sports ...
  • Poland, Denmark Prime Ministers Sign Memo on Baltic Pipe ...
  • Danish Growth Saved in First Quarter by Inventory Build-Up
  • Africa Energy Forum 2017
  • Denmark's pig production – modern, efficient, changing
  • Danish pigs heading for Colombia as sustainable coffee goes in the ...
  • How self-service technology is enhancing the guest experience
  • Inside Denmark's Debt Problems, Central Bank Challenges

    Worst 10 Market Since Begining of the Week


    UKRAINE -5.36


  • Ukraine's president celebrates first day of visa-free travel to EU
  • Ukraine Prime Minister condemns Russian aggression during Israel ...
  • World Bank improves forecast for Ukraine's economic growth in 2018
  • 4th Kyiv Post CEO Dinner guests discuss Ukraine's investment, image
  • Nolan Peterson: Why Is Ukraine's Population Shrinking?
  • PM Groysman: Ukraine's exports to EU grew by 24.5% over Q1 2017
  • Ukraine Reform Monitor: April 2017
  • Moscow hopes London High Court will deliver judgement on ...

    EGYPT -2.68


  • Lawyer Calls Egyptian President a 'Traitor' Over Islands
  • Israel said to be in talks with Egypt, EU in bid to head off Gaza ...
  • Egyptian economy on right track, positive signs of economic ...
  • Egypt- Investment funds lose 3.3% of their assets during first quarter
  • Egypt's population to reach 119 million by 2030: report
  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egypt's budget ambitious with broad challenges - Daily News Egypt
  • Foreign Holdings of Egypt Debt Reach $7.5 Billion, Official Says

    ARGENTINA -2.44


  • Argentina Security Forces Search Macri's Presidential Mansion
  • Messi-less Argentina ease past Singapore
  • Can President Macri's Economic Reforms Help Argentina's Revival?
  • It takes two to tango
  • A third of Argentina's population live in poverty, according to the ...
  • Argentina: Neuquen's cherries to enter China without tariffs
  • UPDATE 1-Argentina beats 2016 fiscal goal with deficit of 4.6 pct of ...
  • Argentina settles with more holdout creditors -mediator
    Econ events
    momenteventForecastConsensus
    2017-06-14Fed Press Conference0.078
    2017-06-14Wednesday June 14 20170.2625

    AUSTRIA -2.36


  • Hungarian, Austrian presidents vow to honor Paris agreement
  • PM Hasina leaves for Austria to join IAEA summit
  • Austria's booming stock market belies political risks
  • The election, Deutsche Bank and earnings stand in the way of this ...
  • Growing immigration will 'keep Austria young'
  • Austria aims to boost wine exports
  • Austrian central bank cuts GDP growth forecasts for 2016, 2017
  • Euro Zone confidence at a 10-year high
    Econ events
    momenteventForecastConsensus
    2017-06-16Inflation Rate YoY MAY0.001
    2017-06-16Balance of Trade MAY0.02

    RUSSIA -2.24


  • Russia's President Vladimir Putin Is Waiting for Your Call
  • Norway's prime minister says Russia 'has become more unpredictable'
  • Russia distractions shouldn't trump economic growth
  • Jim Rogers: 'There's Plenty of Investment Opportunities' in Russia
  • Russia sees third consecutive year of natural population growth ...
  • Why Can't Russia Exploit Trade Opportunities with India and Iran?
  • Novak: Russia's budget to receive surplus of one trillion rubles this ...
  • Russia is buying up US debt
    Econ events
    momenteventForecastConsensus
    2017-06-16GDP Growth Rate YoY Final Q10.016
    2017-06-16Housing Starts MoM MAY0.005
    2017-06-16Balance of Trade APR0.09

    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    Sberbank of Russia PJSCRUSSIAFinancials6/14/2017

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Magnit PJSCRUSSIAConsumer Staples6/15/2017
    PhosAgro PJSCRUSSIAMaterials6/15/2017

    PAKISTAN -2.03


  • President congratulates Pakistan cricket team
  • Pakistan's Prime Minister to Appear Before Panama Papers Joint ...
  • WB acknowledges Pak economic growth, development and stability
  • PM touts Pakistan's investment prospects to Hong Kong forum
  • Pakistan's population 'anywhere between 210M to 220M'
  • Efforts to operationalise EXIM Bank expedited
  • Pakistan budget aims to increase revenues
  • New loans: Pakistan debt servicing cost balloons to Rs15tr

    TAIWAN -1.69


  • Taiwanese President Sends Defiant Message to China After ...
  • Taiwan: How China is stealing the island's diplomatic allies
  • Appetite for iPhone parts spurs Taiwan economic growth
  • Have Taiwan's Identity Politics Outgrown the One China Myth?
  • Kun Shan Wants Belizeans in Taiwan to Study
  • Taiwan exports grow for 8th straight month in May
  • Taiwan seeks advanced arms, announces military budget to counter ...
  • Moody's Downgrades China And HK, As Debt Continues To Rise ...

    SPAIN -1.06


  • Pep Guardiola makes impassioned plea for Catalonia to split from ...
  • Spain PM Rajoy fends off criticism in no-confidence debate
  • Spain expects even faster economic growth this year
  • Global Investment Guide: How To Invest In Spain
  • China may have 90 million fewer people than claimed (that's twice of ...
  • Prime Minister Office of Spain : Exports grow by 14.1% for best ...
  • Vibrant and Seductive Seville, Easy on the Wallet
  • Spain's Debt Pile Rises Above 100% of Output Yet Again: Chart
    Econ events
    momenteventForecastConsensus
    2017-06-155-Year Bonos Auction
    2017-06-153-Year Bonos Auction
    2017-06-15Inflation Rate YoY MAY

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Industria de Diseno Textil SASPAINConsumer Discretionary6/14/2017

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Repsol SASPAINEnergy6/15/2017

    CHINA -1.01


  • Sky Views: China's consequence free crackdown
  • Taiwan: How China is stealing the island's diplomatic allies
  • China's Economic-Growth Revamp May Be Working
  • China May factory output, retail sales steady but investment cools
  • China Focus: Beijing acts on population growth
  • China exports, imports surprise with growth rebound in May
  • 中国5月财政收入增速创年内最低前五月债务付息支出同比增近四成 ...
  • China's debt situation: The next possible financial crisis?
    Econ events
    momenteventForecastConsensus
    2017-06-14Industrial Production YoY MAY0.106
    2017-06-14Fixed Asset Investment (YTD) YoY MAY0.063
    2017-06-14Westpac Consumer Confidence Index JUN0.086

    POLAND -0.90


  • Regional summit moved to Warsaw as Trump visit planned: Polish ...
  • EU migration showdown: divide deepens after Brussels launches ...
  • Poland produces polished GDP growth
  • Poland's investment declines at fastest pace in 6 years
  • Resilient: A rock-solid mall strategy
  • HSBC: Rapid growth forecast for Polish service exports
  • Sweden Says EU Aid Should Depend on Acceptance of Refugees
  • Polish state bank BGK places 1.2 bln zlotys in bonds
    Econ events
    momenteventForecastConsensus
    2017-06-14Balance of Trade MAR0.061
    2017-06-14Industrial Production MoM APR-0.006

    Our Recent Research Reports

  • 2017-06-14 ML Morning Meeting
  • 2017-06-13 ML Weekly
  • 2017-06-12 ML Fixed Income Weekly
  • 2017-06-11 ML Fund Atlas Weekly Fund Flows

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