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June 16, 2017

Best 15 Markets Yesterday

CountryChangePct
AUSTRIA3.52
COLOMBIA2.24
RUSSIA1.92
PERU1.62
POLAND1.54
PAKISTAN1.54
CHILE1.36
SOUTH AFRICA1.30
BRAZIL1.23
KUWAIT1.19
SPAIN1.13
CANADA1.10
ZIMBABWE1.09
ITALY1.08
ISRAEL1.08

Worst 15 Markets Yesterday

CountryChangePct
NIGERIA-3.15
TUNISIA-2.58
KAZAKHSTAN-2.36
LEBANON-1.58
UNITED ARAB EMIRATES-1.31
PORTUGAL-1.07
GREECE-0.93
BANGLADESH-0.85
EGYPT-0.83
OMAN-0.82
PHILIPPINES-0.58
MAURITIUS-0.52
CROATIA-0.39
JAPAN-0.38
VIETNAM-0.32

Best 10 Markets YTD

CountryChangePct
ARGENTINA43.08
POLAND33.07
JAMAICA32.02
AUSTRIA25.18
KOREA24.72
SPAIN22.85
KAZAKHSTAN22.77
ROMANIA22.50
TURKEY21.58
INDIA21.00

Worst 10 Markets YTD

CountryChangePct
OMAN-12.03
LEBANON-8.05
RUSSIA-5.18
TUNISIA-4.03
SAUDI ARABIA DOMESTIC-3.73
QATAR-2.51
TRINIDAD AND TOBAGO-1.60
JORDAN-1.27
CANADA0.10
NEW ZEALAND0.59

Best 10 Markets Last 12 months

CountryChangePct
JAMAICA55.46
AUSTRIA44.10
BRAZIL43.90
KAZAKHSTAN42.05
BULGARIA41.74
TAIWAN38.80
KOREA33.86
PAKISTAN33.49
ARGENTINA32.90
POLAND32.54

Worst 10 Markets Last 12 months

CountryChangePct
NIGERIA-28.27
TUNISIA-19.97
BOTSWANA-18.44
GHANA-14.64
OMAN-12.88
SLOVENIA-12.21
EGYPT-11.89
BOSNIA AND HERZEGOVINA-11.14
ISRAEL-8.53
KENYA-6.91

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: Where to catch your oil price? - Into the box

Dollar strength Supply from the US OPEC Irrelevance and new technologies are the drivers behind the oil price weakness This is good for importers and an important driver for China driven emerging markets

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-05-15 and 2017-06-09

Best global markets week to date EM LATIN AMERICA +8.50%, EUROPE-0.44%, EM (EMERGING MARKETS)-0.78%,

While worst global markets week to date EFM ASIA -2.93%, FM (FRONTIER MARKETS) -1.88%, USA -1.21%,
  • Not your father's market: Tech tantrum shows how US equities ...
  • US Equities Drop as Tech Declines After Fed; Trump in Focus
  • Here's why emerging markets are shrugging off Fed rate hikes
  • Why the Fed Is an Overrated Risk for Emerging Markets
  • Anbang Rout Turns China's Stock Giants From Heroes to Zeros
  • China stocks barely move on worries policy tightening will hit ...
  • Europe equities well placed for strong second half
  • Tech selloff, British government's woes push European stocks to ...
  • Oil prices fall to 7-month low; natural gas rallies
  • Iraq Dethrones Saudi Arabia As India's No.1 Oil Supplier
  • Current steel prices are higher than duties: Rakesh Arora
  • Section 232 Potential Outcomes, Impact Becoming More Clear
  • Gold rate today: Track gold price in India and market outlook
  • With GST around the corner & Fed's straight talk, gold prices set to ...

    Best since the start of the week among various stock markets were BRAZIL +16.09%, PAKISTAN +12.71%, QATAR +8.36%, RUSSIA +8.14%, OMAN +2.66%, BELGIUM +2.63%, COLOMBIA +2.50%, GHANA +2.18%, TRINIDAD AND TOBAGO +1.93%, NORWAY +1.82%,

    While worst since the start of the week among various stock markets were ZIMBABWE -25.55%, NIGERIA -16.78%, KENYA -10.42%, BULGARIA -10.22%, EGYPT -6.76%, MAURITIUS -6.75%, AUSTRIA -4.81%, UKRAINE -4.52%, HUNGARY -4.26%, CHINA -4.25%,

    News

    Best 10 Market Since the begining of the week


    BRAZIL 16.09


  • Brazil judges delay vote which could topple president
  • Balance of Power: Brazil's Earthquake
  • World Bank Forecasts 0.3 Percent Economic Growth for Brazil
  • São Paulo hosts Brazil Investment Forum 2017
  • Almost Three Quarters of Brazil's Population Lives in Its Shrinking ...
  • Brazil exports more limes to EU
  • Brazil's Finance Minister Resists Political Pressure for More Pork
  • As Brazil Debt Risk Rises, Petrobras Issues Bonds
    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Braskem SABRAZILMaterials5/15/2017
    BR Malls Participacoes SABRAZILReal Estate5/15/2017
    Banco do Estado do Rio Grande do Sul SABRAZILFinancials5/15/2017
    Cia Paranaense de EnergiaBRAZILUtilities5/15/2017
    JBS SABRAZILConsumer Staples5/15/2017

    PAKISTAN 12.71


  • President congratulates Pakistan cricket team
  • Pakistan Prime Minister Nawaz Sharif Appears Before Panel ...
  • Pakistan's economic growth promises strong market for US brands ...
  • One Belt One Road will give huge boost to Pakistan investment ...
  • Pakistan's population 'anywhere between 210M to 220M'
  • Monetary and Fiscal Policies Coordination Board: No meeting ...
  • Pakistan budget aims to increase revenues
  • Pakistan debt servicing cost balloons to Rs15 trillion

    QATAR 8.36


  • Ted Lieu on fighter jet sale to Qatar: 'Does the president know?'
  • Saudi king gives Pakistan's prime minister an ultimatum over Qatar
  • Qatar market tumbles after Gulf states cut ties, as UK services sector ...
  • 10 Must Reads for the CRE Industry Today (June 15, 2017)
  • Qatar's population officially hits 2.7 million people
  • S&P downgrades Qatar as regional dispute grows
  • Qatar seen swinging to budget surplus in 2018 on energy price gains
  • Qatar debt rating downgraded by S&P as riyal hits 11-year low

    RUSSIA 8.14


  • Trump-Russia inquiry: Vice-President Pence hires lawyer
  • Leaked video shows Australian prime minister making fun of Donald ...
  • Minister expects long-term economic growth in Russia
  • Jim Rogers: 'There's Plenty of Investment Opportunities' in Russia
  • In Eurasia, a New Generation Challenges Russia's Dominance
  • 5 Country ETFs to Sell
  • 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

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Acron PJSCRUSSIAMaterials5/15/2017
    Acron PJSCRUSSIAMaterials5/15/2017
    Bashneft PJSCRUSSIAEnergy5/15/2017
    Bashneft PJSCRUSSIAEnergy5/15/2017
    VTB Bank PJSCRUSSIAFinancials5/15/2017
    VTB Bank PJSCRUSSIAFinancials5/15/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    AFI Development PLCRUSSIAReal Estate5/16/2017
    Mosenergo PJSCRUSSIAUtilities5/16/2017
    Mosenergo PJSCRUSSIAUtilities5/16/2017
    M.Video PJSCRUSSIAConsumer Discretionary5/16/2017

    OMAN 2.66


  • Government announces Eid al-Fitr holiday for UAE
  • Oman's Foreign Minister hopes stability can be achieved for Gulf ...
  • Growth worries push stocks lower, Fed hike lifts dollar
  • Third mobile operator set to enter Omani telecoms sector
  • Qatar's population officially hits 2.7 million people
  • Oman exports more LNG in move with implications for oil
  • Oman to Sell $2 Billion of Islamic Bonds, Minister Says
  • MIDEAST DEBT-Oman front-loading funding requirements with ...

    BELGIUM 2.63


  • Readout of President Donald J. Trump's Meetings with the King ...
  • Belgian prime minister has hearing loss after standing too close to ...
  • Belgian central bank hikes 2017 growth forecast to 1.6 pct
  • BEIGE Capital secures funds from INCOFIN
  • Does India have more people than China? A US researcher claims ...
  • Nicola Sturgeon: Brexit timeline matches Scottish referendum plan
  • POLITICO Brussels Playbook Plus: THE CASE FOR BELGIUM ...
  • Will NATO members pay their NATO debts?
    Econ events
    momenteventForecastConsensus
    2017-06-15Manufacturing Production YoY MAYˆ951M

    COLOMBIA 2.50


  • Human Rights Icon Piedad Cordoba: 'I Will Be President of ...
  • Colombia's FARC Speeds Up Handing Weapons to UN Peace Mission
  • Colombian President: 'You Won't Need Walls' With Economic ...
  • DIARY-Top Economic Events to Aug 10
  • India has world's highest number of stunted children, child laborers
  • Colombia courts Korean investors to rebuild economy
  • Colombia peace pact won't boost economy in near term - investors
  • Colombia's debt head says fiscal reforms on track
    Econ events
    momenteventForecastConsensus
    2017-06-15Industrial Production YoY APR-0.0136
    2017-06-15Consumer Confidence MAY-0.005
    2017-06-15Inflation Rate MoM MAY-13.39

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Banco Davivienda SACOLOMBIAFinancials5/15/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Grupo Argos SA/ColombiaCOLOMBIAMaterials5/16/2017
    Grupo Argos SA/ColombiaCOLOMBIAMaterials5/16/2017

    GHANA 2.18


  • A commentary of NDC's 25 years of awful economic management
  • 3 Things We Learned From President Nana Akufo-Addo's Visit to NYU
  • London fire: Prime Minister orders full public inquiry
  • Leadership and economic development- A case study of Ghana for ...
  • Danone continues Africa push with Ghana investment
  • Government committed to ensuring public access to safe water
  • “Let Trade and Investment drive our new partnership” – Ghana tells ...
  • A commentary of NDC's 25 years of awful economic management
  • Ghana's debt stock hits GHS127 billion - BoG

    TRINIDAD AND TOBAGO 1.93


  • AMCHAM T&T president: Confidence impacting the economy*
  • Trinidad and Tobago Slams OAS Behavior Against Venezuela
  • Bad weather ahead
  • Grenada celebrate 43 years of Independence
  • David Ramsey: Christian Pulisic rescues US from soccer humiliation
  • BREAKING NEWS
  • Former Jamaica PM to speak at ICATT conference
  • BREAKING NEWS

    NORWAY 1.82


  • Daily briefing: Macron's 'protective Europe', Qatar-US jet deal ...
  • Norway's prime minister says Russia 'has become more unpredictable'
  • UPDATE 1-Norway firms tell central bank that growth is picking up
  • Norway writes off 5pc from its British properties after Brexit vote
  • 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

    Worst 10 Market Since Begining of the Week


    ZIMBABWE -25.55


  • President Mugabe sacks Zimbabwe's chief prosecutor Johannes ...
  • Newly Elected Lesotho PM's Wife Shot Dead | BREAKING NEWS
  • Zimbabwe: Healthcare Can Spur Economic Growth - Cimas
  • Allocations along Zim-Asset lines hailed
  • Making cents of Econet's new Elevate initiative
  • Risky dependence. . . Call to diversify export market
  • ZRP roadblocks rake in $60 million
  • Final demand: Zimbabwe's debt defaulters

    NIGERIA -16.78


  • Ex-British lawmaker who believes Buhari is dead charges Nigerians ...
  • Serbia's president names Ana Brnabic, gay, as prime minister
  • World Bank raises forecast for Nigeria's economic growth to 1.2%
  • How Businesses Can Tap Into The Solid Mineral Sector Under The ...
  • Nigeria: The Elephant in the Room - Nigeria's Population Growth ...
  • Nigeria in 1min: Economic, Business & Financial Headlines – 150617
  • Nigeria: Budget 2017, Between the Rock and a Very Hard Surface
  • Nigeria's debt increases as recession continues
    Econ events
    momenteventForecastConsensus
    2017-06-15Employment Change Q40.141
    2017-06-1510-Year Obligacion Auction122.2K
    2017-06-15Food Inflation YoY MAY0.169
    2017-06-15Loan Growth YoY APR0.1948

    KENYA -10.42


  • President Uhuru, Raila clash over election plans
  • Lesotho Prime Minister's wife shot dead
  • Digital gender gap hurting Kenya's economic growth
  • NASA's blueprint for Western – revive farming, invest in fi nance
  • Population growth piles pressure on food demand
  • EAC wants Kenya exports to Europe protected
  • Kenya: Gaming Tax Defeat Sets Back Kenya Budget Plan
  • Shahbal defends Kenya's over-borrowing, says Sh4 trillion debt ...

    BULGARIA -10.22


  • Bulgaria told of referendum plan during Barzani's visit, but no stance ...
  • 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

    EGYPT -6.76


  • Lawyer Calls Egyptian President a 'Traitor' Over Islands
  • Statement by the Prime Minister of Canada on the terrorist attack on ...
  • Egypt on the edge: how Europe can avoid another crisis in Egypt
  • Egypt on the edge: how Europe can avoid another crisis in Egypt
  • Egypt's population to reach 119 million by 2030: report
  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egyptian economy grows 4.3 pct year/year in third quarter of 2016/17
  • Foreign Holdings of Egypt Debt Reach $7.5 Billion, Official Says
    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Telecom Egypt CoEGYPTTelecommunication Services5/15/2017

    MAURITIUS -6.75


  • Mauritian Prime Minister to visit India tomorrow; to meet PM, President
  • Mauritian Prime Minister to visit India tomorrow; to meet PM, President
  • Tanzania: What Zanzibar Can Learn From Mauritius On Economic ...
  • Tata Sons pockets over Rs 10000 crore from TCS buyback
  • The island where Africa's rich get richer
  • Mauritian Banks Seen as Haven as Politics And Oil Roil Peers
  • Mauritius: Budget 2017-2018 Highlights - Upgrading Infrastructure to ...
  • Mauritius debt falling, urges regional trade area

    AUSTRIA -4.81


  • US bill on Russia sanctions prompts German, Austrian outcry
  • Watch: Donald Trump mocked by Australian Prime Minister in ...
  • Austria's booming stock market belies political risks
  • The election, Deutsche Bank and earnings stand in the way of this ...
  • Austrian Population Grows Solely Due to New Migrants
  • 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

    UKRAINE -4.52


  • As Ukraine Says 'Farewell Unwashed Russia,' Putin Says Take Care ...
  • In Ukraine, Guns Prevail Over Law—And Treason Is Everywhere
  • World Bank improves forecast for Ukraine's economic growth in 2018
  • 4th Kyiv Post CEO Dinner guests discuss Ukraine's investment, image
  • Doing Business
  • 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 ...

    HUNGARY -4.26


  • Hungarian steel association welcomes new president
  • Hungary's prime minister welcomes US 'anti-LGBT hate group'
  • Hungarian economic growth likely to accelerate higher in 2017 ...
  • Hungary Regains Investment Grade at S&P on Budget Discipline
  • 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 ...

    CHINA -4.25


  • PM Narendra Modi greets China President Xi Jinping on his 64th ...
  • Prime Minister Stefan Löfven to China in June
  • China's Economic-Growth Revamp May Be Working
  • Zhou Says China's Investment Growth Likely to Moderate
  • 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?
    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Belle International Holdings LtdCHINAConsumer Discretionary5/15/2017

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    Where to catch your oil price? - Into the box

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