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June 28, 2017

Best 15 Markets Yesterday

CountryChangePct
UKRAINE2.25
AUSTRIA1.83
RUSSIA1.64
TUNISIA1.64
GREECE1.55
BULGARIA1.47
ESTONIA1.45
SERBIA1.31
BOSNIA AND HERZEGOVINA1.30
CROATIA1.27
ROMANIA1.13
CZECH REPUBLIC1.10
POLAND1.04
TRINIDAD AND TOBAGO1.03
JAMAICA0.95

Worst 15 Markets Yesterday

CountryChangePct
MAURITIUS-1.22
ISRAEL-0.99
PERU-0.99
IRELAND-0.93
BRAZIL-0.86
USA-0.83
SOUTH AFRICA-0.79
ARGENTINA-0.73
DENMARK-0.65
SLOVENIA-0.62
INDIA-0.57
CHILE-0.57
MEXICO-0.55
FINLAND-0.54
TURKEY-0.47

Best 10 Markets YTD

CountryChangePct
ZIMBABWE50.29
ARGENTINA38.30
POLAND34.56
JAMAICA32.25
KOREA29.56
KAZAKHSTAN29.56
TURKEY28.62
AUSTRIA27.92
BULGARIA27.04
GREECE26.68

Worst 10 Markets YTD

CountryChangePct
OMAN-18.91
RUSSIA-15.27
QATAR-13.47
PAKISTAN-8.14
LEBANON-7.55
TRINIDAD AND TOBAGO-1.51
BRAZIL-0.23
JORDAN-0.07
UNITED ARAB EMIRATES0.35
BOTSWANA0.64

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE121.73
AUSTRIA69.77
BULGARIA58.42
GREECE54.53
KAZAKHSTAN53.99
JAMAICA51.74
HUNGARY50.26
SPAIN47.95
POLAND46.37
KOREA40.36

Worst 10 Markets Last 12 months

CountryChangePct
OMAN-16.76
BOTSWANA-14.63
GHANA-12.97
QATAR-6.30
PHILIPPINES-5.51
TRINIDAD AND TOBAGO-3.37
TUNISIA-2.76
EGYPT-2.48
BOSNIA AND HERZEGOVINA-2.06
ISRAEL-1.05

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Iraq8.110.41
Ecuador9.610.37
Angola8.770.35
Kenya6.650.29
Azerbaijan5.370.27
Trinidad and Tobago4.840.24
Ghana7.760.22
Kazakhstan4.780.21
Egypt6.360.19
Cote D'Ivoire (Ivory Coast)6.480.19
Ethiopia6.910.18
Russian Federation4.070.18
South Africa4.970.18
Gabon6.980.17
Zambia7.730.17
Argentina6.320.15
Sri Lanka5.320.15
Dominican Republic5.190.15
Jordan5.820.14
Nigeria7.110.14
Oman4.850.13
Pakistan4.900.13
Mexico4.400.11
Lebanon6.260.10
Venezuela27.700.10
Morocco3.270.10
Tunisia6.380.09
Mongolia6.140.09
Paraguay5.290.09
Ukraine7.610.09
Colombia3.960.08
Jamaica5.690.08
El Salvador8.210.07
Panama3.400.07
Brazil5.060.07
Turkey4.870.06
Poland2.400.05
Indonesia3.930.05
Senegal6.230.05
Serbia3.130.04
Uruguay4.020.04
Peru3.680.03
Hungary3.080.02
Croatia (Hrvatska)3.180.02
Chile2.770.02
United States1.220.01
Lithuania2.270.01
Philippines3.230.00
Costa Rica6.040.00
Malaysia3.240.00
China2.860.00
Slovak Republic2.29-0.01
India3.56-0.01
Bolivia4.69-0.02
Vietnam3.99-0.02
Romania3.32-0.02

Chart: CIS Junior Gold Mining Companies – May Be Bargains? Centerra Gold, Chaarat Gold, Global Gold, Petropavlosk

Gold price declined from 1600 to 1200/oz While some CIS related Junior Gold mining companies have overreacted and probably worth researching

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-06-27 and 2017-06-23

Best global markets week to date EM LATIN AMERICA +0.82%, EM (EMERGING MARKETS) +0.50%, EFM ASIA +0.45%,

While worst global markets week to date USA -0.79%, FM (FRONTIER MARKETS) 0.07%, EUROPE 0.41%,
  • US Equities: Underlying Technical Indicators Remain Favorable
  • 'Untested' ETF Market Worries Top Speed Trader in US Equities
  • These 4 charts show why emerging markets are primed for investment
  • Fees Matter With Emerging Markets ETFs (IEMG, VWO)
  • Chinese stocks could attract over $400 billion in flows, BlackRock says
  • China stocks end higher after solid profit data
  • Euro leaps after Draghi speaks, sending European stocks to 2 ...
  • Dark-pool clampdown ensnaring 74% of European equities
  • Oil pulls back on preliminary data showing surprise jump in US ...
  • Shale Rebound Runs Out Of Steam At $40 Oil
  • Section 232 overshadows Chinese steel price recovery
  • Could Rising Chinese Steel Prices Help US Steelmakers?
  • Check out latest gold prices, trends and market outlook
  • 'Fat fingered trader' sends price of gold plummeting after ...

    Best since the start of the week among various stock markets were POLAND +2.96%, AUSTRIA +2.91%, BULGARIA +2.57%, KAZAKHSTAN +2.44%, ESTONIA +2.19%, TUNISIA +2.19%, SERBIA +2.19%, SLOVENIA +1.57%, RUSSIA +1.52%, BRAZIL +1.44%,

    While worst since the start of the week among various stock markets were CZECH REPUBLIC -1.25%, PERU -1.04%, ISRAEL -0.92%, ARGENTINA -0.89%, BOSNIA AND HERZEGOVINA -0.84%, IRELAND -0.81%, USA -0.79%, JAMAICA -0.77%, FINLAND -0.69%, DENMARK -0.60%,

    News

    Best 10 Market Since the begining of the week


    POLAND 2.96


  • Coffin of Polish president killed in plane crash contains remains of ...
  • Polish prime minister: Auschwitz remarks not about refugees
  • Private consumption likely to drive Polish economic growth, NBP ...
  • Poland's investment declines at fastest pace in 6 years
  • Putting Off Polish Demographic Reckoning Just Became Harder
  • Analysis of Key Sectors of Poland: Manufacturing, Pharmaceuticals ...
  • Poland's state budget posts smallest deficit in at least 18 years
  • Polish deputy minister signals reduced bond supply in July, August

    AUSTRIA 2.91


  • Today in history: Archduke Franz Ferdinand, of Austria, and his wife ...
  • Estonia, Bulgaria and Austria set common goals for next 18 months
  • Austria's booming stock market belies political risks
  • The Top 10 Most Recession-Proof Countries in the World
  • Growing immigration will 'keep Austria young'
  • Austria aims to boost wine exports
  • Bingo for cash
  • Market Update - European Session: Focus On Thursday's ECB ...
    Econ events
    momenteventForecastConsensus
    2017-06-28Bank Austria Manufacturing PMI JUN57.8
    2017-06-29Consumer Confidence JUN5
    2017-06-29Business Confidence JUN2.4

    BULGARIA 2.57


  • Alpha Research poll: Bulgarian President Radev has 57% approval ...
  • In Sofia, Macedonian prime minister Zaev speaks of 'sincere ...
  • Bulgaria reports 0.9% economic growth in Q1 2017
  • Bulgarian Tourism Sector Forecasts 8.5% Growth in 2015
  • Balkan States Face Big Population Drops, UN Warns
  • 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

    KAZAKHSTAN 2.44


  • Airport In Kazakh Capital Renamed After President Nazarbaev
  • Szijjártó meets with Kazakh prime minister
  • Kazakhstan seeks role as capital of 'New Silk Road'
  • International experts discuss sustainable energy, economic ...
  • Kazakhstan's population nears 18 million people
  • May China-Kazakhstan Relationship Fly High toward Our Shared ...
  • Kazakhstan: Gloom in Energy Sector as Oil Price Falls
  • Kazakhstan Bonds Are Better Than US Treasury's

    ESTONIA 2.19


  • Estonian, Maltese presidents discuss EU presidency
  • Estonia, Bulgaria and Austria set common goals for next 18 months
  • Nordea increases Estonia's economic growth outlook by 0.6 percent
  • Nordic meat company to invest in Estonia
  • Report: Estonia unable to maintain population size without immigration
  • April trade growth slows down
  • Estonia passes 2017 record level budget spending to bolster defense
  • President Donald Trump's first NATO visit

    TUNISIA 2.19


  • Corruption Crackdown Intensifies in Tunisia, and the People Cheer
  • Corruption Crackdown Intensifies in Tunisia, and the People Cheer
  • EBRD supports small businesses and trade in Tunisia
  • Tunisia Seeks Foreign Investment to Cement Democratic Gains
  • IMF Executive Board Completes First Review under the Extended ...
  • Key Questions on Tunisia
  • UPDATE 1-Tunisia budget sees foreign lending nearly doubling in ...
  • Key Questions on Tunisia

    SERBIA 2.19


  • Vucic Inaugurated As Serbian President
  • Serbia's future prime minister to head pro-Russia government
  • Serbia needs new SBA deal with IMF to ensure economic growth - c ...
  • Exclusive Interview: Dragana Djurica, Senior Expert for ...
  • Telenor's 4G network covers 90% of Serbian population
  • Serbian c-bank expects 3% GDP growth in 2017
  • CORRECTED - Serbia swings to budget surplus in Jan-Apr
  • Belt and Road: Eastern Europe Tilts to Eurasia?

    SLOVENIA 1.57


  • The look of love! Queen Letizia and King Felipe VI of Spain share a ...
  • “Border Dispute Arbitration with Slovenia Does Not Exist for Croatia”
  • Slovenia's 2017-2019 growth rates to among euro area's highest - c ...
  • EU Spring Economic Forecast - Optimism in Times of Uncertainty
  • 26 years after independence, Slovenia richer but also older
  • Investment, exports and Melania factor boost Slovenian growth (MG ...
  • Slovenia's 5-mo budget gap narrows sharply
  • Slovenia's gross external debt increases for third consecutive month ...

    RUSSIA 1.52


  • President Trump Bashes CNN as Video Surfaces of Producer ...
  • Serbia Prime Minister-Designate to Head Pro-Russia Government
  • Minister expects long-term economic growth in Russia
  • Russia's opportunity for growth is what appeals to investors - Deloitte
  • What you need to know about France's rising population
  • Press review: Macron's Donbass peace plan and Assad no longer ...
  • Novak: Russia's budget to receive surplus of one trillion rubles this ...
  • Ukraine Appeals UK Court Ruling on Its $3 bln Russia Debt
    Econ events
    momenteventForecastConsensus
    2017-06-27Corporate Profits APR

    BRAZIL 1.44


  • Brazil President Temer rejects bribery charge 'fiction'
  • Brazilian president tries to rally support after being charged with ...
  • Factors Impacting Brazil's Economic Growth in 1Q17
  • São Paulo hosts Brazil Investment Forum 2017
  • Brazil's Wiser bets on growth in language school takeovers
  • Dry bulk CEOs offer mixed view of second half
  • Brazil's Finance Minister Resists Political Pressure for More Pork
  • Verde sees value in some Brazil debt
    Econ events
    momenteventForecastConsensus
    2017-06-27Foreign Direct Investment MAY$ 7.3B
    2017-06-27Current Account MAY$0.9B
    2017-06-28Bank Lending MoM MAY0.10%

    Worst 10 Market Since Begining of the Week


    CZECH REPUBLIC -1.25


  • 'It's time for Czexit!' Former Czech President blasts Eurocrats for ...
  • Man Poised To Run The Czech Republic: 'We Don't Want The Euro ...
  • IMF Executive Board Concludes 2017 Article IV Consultation with ...
  • Czech politicians take aim at banks
  • Wha's Like Us? Former partners Czech Republic and Slovakia are ...
  • Czech media focuses on President Zeman's visit to Vietnam
  • UPDATE 1-Czech PM's party puts bank tax back on election menu
  • Czech Parliament Approves Armenian Genocide Resolution

    PERU -1.04


  • Peru President: Legal crops, a feasible alternative
  • Peru's Prime Minister Explains Economic Reactivation Plan
  • UPDATE 1-Peru central bank lowers 2017 economic outlook
  • Moody's: Markets comfortable with Peru's macro-fiscal situation
  • Demographic dividend to boost Peruvian economy
  • Peru: Exports expanded 25.9% in Jan-Apr 2017
  • Peru gov't allocates over US$2b for social programs in 2015 budget
  • Peru pushes local bond markets

    ISRAEL -0.92


  • Wake Up, Israel! Indian PM's Visit Will Make History
  • Narendra Modi is world's 'most important prime minister', says Israeli ...
  • Narendra Modi is world's 'most important prime minister', says Israeli ...
  • Wake Up, Israel! Indian PM's Visit Will Make History
  • PA Arabs much better off than those in Arab countries
  • Rapid Population Growth Drives Israel's Transportation Revolution
  • Wake Up, Israel! Indian PM's Visit Will Make History
  • Israel cabinet approves two-year draft budget aimed at boosting ...
  • Israel debt slips for seventh straight year to 62.2 percent of GDP

    ARGENTINA -0.89


  • Argentina's former president Fernandez launches Senate bid
  • ICIJ welcomes 25 new members as part of network expansion
  • Did Macri's Efforts Boost Argentina's Growth in 1Q17?
  • It takes two to tango
  • A third of Argentina's population live in poverty, according to the ...
  • What to expect when the presidents of Brazil and Argentina meet
  • UPDATE 1-Argentina beats 2016 fiscal goal with deficit of 4.6 pct of ...
  • Argentina settles with more holdout creditors -mediator
    Econ events
    momenteventForecastConsensus
    2017-06-28Current Account Q1$ -4.1B
    2017-06-28Interest Rate Decision26.25%
    2017-06-29Industrial Production YoY MAY-3.82%

    BOSNIA AND HERZEGOVINA -0.84


  • Chairman of the Presidency of Bosnia and Herzegovina Visits Bulgaria
  • Young BiH professionals lead the way in EU integration
  • World Bank affirms Bosnia's 2017 growth at 3.2%
  • Sarajevo Rises in Popularity with Middle East Property Buyers
  • Hijab-wearing women react to Bosnia court ban

    IRELAND -0.81


  • Awkward! Trump is put on hold for 90 seconds as he waits for ...
  • Trump called Ireland's prime minister, and things got kind of awkward
  • Northern Ireland economic growth 'will lessen' until 2020
  • Retail brand review firm sets up European base in Belfast
  • UK population hits 65.6 million after biggest annual increase in 70 ...
  • DUP deal with Tories 'could speed up corporation tax devolution to NI'
  • Package of support can provide impetus to help Northern Ireland ...
  • Irish PM designate says would scrap new contingency fund ...
    Econ events
    momenteventForecastConsensus
    2017-06-28Retail Sales YoY MAY2.10%
    2017-06-28Retail Sales MoM MAY0.40%

    USA -0.79


  • President Trump lashes out at CNN, network claps back
  • Despite differences, Trump says partnership with India's Modi 'never ...
  • IMF cuts forecasts for US economic growth
  • Pakistani firms to attend Select USA Investment Summit
  • UN: Half of world's population growth is likely to occur in Africa
  • Trump seeks removal of barriers for USA exports to India
  • Tourism groups rush to defend Brand USA against budget cut
  • The Timetable For An Exploding US Debt Bomb

    JAMAICA -0.77


  • Chris Samuda is new JOA boss
  • Goodbye, Portia
  • Briefing | Economic Transformation a new approach to inclusive ...
  • Jamaica to benefit from US$70m World Bank loan
  • PM pushes harder for national ID system
  • TTMA: Red tape stifling regional trade
  • Property tax: what's the problem?
  • FIFA: England World Cup bid team broke rules when courting Jack ...

    FINLAND -0.69


  • Finland's president to stand for re-election
  • Finnish PM: 'Government crisis has now been cancelled'
  • Finnish economic growth overtakes Sweden's in Q1
  • European Semester Shows EU in the Eye of the Storm
  • Finland's open door roils its politics
  • Wednesday's photo of the day and news highlights
  • Finnish government to fall short of economic targets, analysts say
  • Decline and Fall: Finland's National Debt Beyond 1990s Crisis Level
    Econ events
    momenteventForecastConsensus
    2017-06-27Consumer Confidence JUN24.5
    2017-06-29Business Confidence JUN8.2

    DENMARK -0.60


  • Petya cyber attack: Ransomware spreads across Europe with firms ...
  • Former Danish deputy PM turned EU negotiator who took on Google ...
  • 'Best place to live in' seeks foreign talent
  • African Infrastructure Investment Managers invests in Albatros ...
  • Denmark's pig production – modern, efficient, changing
  • IMF warns Denmark of risk for exports if Britain quits EU
  • How self-service technology is enhancing the guest experience
  • Denmark without foreign currency loans for the first time in 183 yrs
    Econ events
    momenteventForecastConsensus
    2017-06-27Retail Sales YoY MAY1%
    2017-06-27Retail Sales MoM MAY-0.20%
    2017-06-29Business Confidence JUN-4

    Our Recent Research Reports

  • 2017-06-26 ML Fixed Income Weekly
  • 2017-06-26 ML Weekly
  • 2017-06-26 ML Index Atlas
  • 2017-06-26 ML Sectors Weekly
  • 2017-06-26 ML Morning Meeting
  • 2017-06-24 ML Fund Atlas
  • 2017-06-24 ML Commodities Weekly
  • 2017-06-23 ML Morning Meeting

    Recent Chart Art

    CIS Junior Gold Mining Companies – May Be Bargains? Centerra Gold, Chaarat Gold, Global Gold, Petropavlosk

    Download file in Power Point    		12 Months and YTD Performance of Gold Stocks vs. Gold Price – slightly overreacting

    Download file in Power Point    		China A shares Addition to MSCI is a non event

    Download file in Power Point
    Despite some worsening of GEM yields – China (USD) yields are flat

    Download file in Power Point    		Palladium – one of the best in commodities space this year.

    Download file in Power Point    		Emerging Markets Funds Post 3bn$ Inflows Driven By US Vanguard GEM ETF

    Download file in Power Point
    What is better than Gold?

    Download file in Power Point    		Quants JV Offer With MidLincoln Research

    Download file in Power Point    		Ukraine, Pakistan, Russia Equities hit the most by the FED

    Download file in Power Point