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June 29, 2017

Best 15 Markets Yesterday

CountryChangePct
BULGARIA2.16
NIGERIA1.98
ITALY1.97
CANADA1.43
MAURITIUS1.41
MOROCCO1.40
TRINIDAD AND TOBAGO1.39
CROATIA1.29
SPAIN1.22
ARGENTINA1.17
COLOMBIA1.11
AUSTRIA1.06
SWEDEN1.03
QATAR1.02
ISRAEL0.90

Worst 15 Markets Yesterday

CountryChangePct
LEBANON-2.52
BOTSWANA-2.42
UKRAINE-2.21
TAIWAN-1.33
KOREA-1.09
KENYA-1.07
JAMAICA-0.93
POLAND-0.76
PHILIPPINES-0.69
MALAYSIA-0.67
HONG KONG-0.65
SOUTH AFRICA-0.57
THAILAND-0.44
CHILE-0.42
CHINA-0.35

Best 10 Markets YTD

CountryChangePct
ZIMBABWE51.39
ARGENTINA39.91
POLAND33.54
JAMAICA31.02
KAZAKHSTAN30.24
BULGARIA29.78
TURKEY29.65
AUSTRIA29.27
KOREA28.15
NIGERIA27.20

Worst 10 Markets YTD

CountryChangePct
OMAN-18.77
RUSSIA-15.15
QATAR-12.59
LEBANON-9.88
PAKISTAN-8.14
BOTSWANA-1.79
TRINIDAD AND TOBAGO-0.15
JORDAN-0.03
UNITED ARAB EMIRATES0.26
BRAZIL0.56

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE114.59
AUSTRIA67.25
BULGARIA58.64
JAMAICA50.51
KAZAKHSTAN48.60
GREECE45.44
SPAIN45.19
HUNGARY44.11
POLAND42.13
KOREA37.28

Worst 10 Markets Last 12 months

CountryChangePct
OMAN-16.61
BOTSWANA-14.98
GHANA-13.02
PHILIPPINES-5.88
QATAR-5.82
EGYPT-2.79
TUNISIA-2.63
BOSNIA AND HERZEGOVINA-2.46
TRINIDAD AND TOBAGO-1.85
SLOVENIA-1.03

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 2017-06-28 and 2017-06-23

Best global markets week to date EM LATIN AMERICA +1.42%, EUROPE +1.05%, FM (FRONTIER MARKETS) +0.71%,

While worst global markets week to date EFM ASIA -0.23%, EM (EMERGING MARKETS) 0.04%, USA 0.09%,
  • Virtus ETF Launch Shorts Exposure to Large/Mid-Cap US Equities
  • Futures track firmer JSE and strong opening in US equities
  • Emerging markets look less vulnerable to a financial crisis than they ...
  • EMERGING MARKETS-Brazil markets seesaw on reform uncertainty
  • Chinese stocks could attract over $400 billion in flows, BlackRock says
  • China stocks down, Li's remarks raise growth, regulatory concerns
  • European stocks decline, but miners buck losses
  • Euro leaps after Draghi speaks, sending European stocks to 2 ...
  • Is A Big Move In Oil Prices Due?
  • Oil Prices Inch Higher As OPEC Exports To US Crude Fall
  • The MEPS Global All Products Composite Steel Price Continues to ...
  • Section 232 overshadows Chinese steel price recovery
  • What is the price of gold and how do I buy it?
  • Current Gold Price: Track current gold rate trends and news

    Best since the start of the week among various stock markets were BULGARIA +4.78%, AUSTRIA +4.00%, KAZAKHSTAN +2.98%, CROATIA +2.73%, TUNISIA +2.64%, ITALY +2.63%, ESTONIA +2.61%, TRINIDAD AND TOBAGO +2.59%, SPAIN +2.26%, BRAZIL +2.24%,

    While worst since the start of the week among various stock markets were LEBANON -2.52%, UKRAINE -2.40%, JAMAICA -1.70%, BOTSWANA -1.23%, CZECH REPUBLIC -1.03%, SOUTH AFRICA -0.89%, PERU -0.86%, INDIA -0.85%, CHILE -0.79%, MALAYSIA -0.67%,

    News

    Best 10 Market Since the begining of the week


    BULGARIA 4.78


  • 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

    AUSTRIA 4.00


  • 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

    KAZAKHSTAN 2.98


  • 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

    CROATIA 2.73


  • Croatian and Serbian Presidents Meet in Belgrade: We Do Not ...
  • Croatia Enters Schengen Information System
  • UN: Croatia to Have 728000 Fewer Inhabitants in 2050
  • Croatia wants to reduce public debt to 75 pct of GDP by end of 2019
  • Croatia's Population to Drop to 2.5 Million, Says Latest UN Report
  • Croatia's trade deficit rises slightly in 2016 - final data
  • Does valtrex work for cold sores
  • Croatia wants to reduce public debt to 75 pct of GDP by end of 2019

    TUNISIA 2.64


  • 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

    ITALY 2.63


  • Governor General Announces the State Visit to Canada of the ...
  • Slovakia prime minister wants investigation into Italy and Germany ...
  • Italy's Veneto Bailout To Cost Up To €17 Billion - This Is Another ...
  • Ryanair gives away €8 flights to mark Italy investment boost
  • Global Population Health Management Market 2017- Epic Systems ...
  • Made in Italy” exports keep accelerating: 4% growth in the next four ...
  • Matteo Renzi defends Italy's budget plan
  • Italy's debt costs hit 5-month low at auction on easing political risks
    Econ events
    momenteventForecastConsensus
    2017-06-28PPI YoY MAY3.40%
    2017-06-28PPI MoM MAY-0.20%
    2017-06-286-Month BOT Auction
    2017-06-28Inflation Rate MoM Prel JUN-0.20%
    2017-06-28Inflation Rate YoY Prel JUN1.20%
    2017-06-28Harmonised Inflation Rate MoM Prel JUN-0.20%
    2017-06-28Harmonised Inflation Rate YoY Prel JUN1.30%

    ESTONIA 2.61


  • 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

    TRINIDAD AND TOBAGO 2.59


  • Prince William and David Cameron caught up in Fifa corruption ...
  • Prince William and David Cameron caught up in Fifa corruption ...
  • Caribbean News Now!
  • Grenada celebrate 43 years of Independence
  • David Ramsey: Christian Pulisic rescues US from soccer humiliation
  • Gateway City/Trend: Fastest-growing trade partners rich with surprises
  • 'Cut recurrent expenditure, invest in revenue generators'*
  • Moody's places Trinidad and Tobago's Baa2 rating on review for ...

    SPAIN 2.26


  • The look of love! Queen Letizia and King Felipe VI of Spain share a ...
  • Former Spanish prime minister speaks at global LGBTI conference
  • Spain PM Rajoy fends off criticism in no-confidence debate
  • Inditex Q1 2017 sales jump 14% to €5.6 billion
  • Almost 95% of Spain's Population Breathes Contaminated Air ...
  • 'Positive evolution' for Spanish exports
  • Vibrant and Seductive Seville, Easy on the Wallet
  • Spain's Debt Pile Rises Above 100% of Output Yet Again: Chart
    Econ events
    momenteventForecastConsensus
    2017-06-28Retail Sales YoY MAY2.50%
    2017-06-28Retail Sales MoM MAY-0.20%
    2017-06-29Business Confidence JUN0.9
    2017-06-29Inflation Rate MoM Prel JUN-0.30%
    2017-06-29Inflation Rate YoY Prel JUN1.50%
    2017-06-29Harmonised Inflation Rate YoY Prel JUN1.60%
    2017-06-29Harmonised Inflation Rate MoM Prel JUN-0.20%

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Gamesa Corp Tecnologica SASPAINIndustrials6/29/2017

    BRAZIL 2.24


  • 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
    2017-06-28Bank Lending MoM MAY0.10%

    Worst 10 Market Since Begining of the Week


    LEBANON -2.52


  • Lebanese president calls on MPs to pass election bill
  • At Fatima, cardinal consecrates Lebanon, Middle East to Mary
  • Lebanese Deputy PM: We seek to Hold Parliamentary Polls before ...
  • Beirut's Bright Future As A Tech Hub For MENA, If Its Politicians Will ...
  • The Popularity Of Hezbollah Is On The Rise In The Middle East
  • Chief Lebanese Industrialist: Gulf Markets Represent 30% of ...
  • First Lebanon budget in 12 years targets 8.7 pct deficit
  • Lebanon defies odds to keep its finances afloat

    UKRAINE -2.40


  • Ukrainian president to 'drop in' on Donald Trump during Washington ...
  • Australian businesses warned as 'unprecedented' cyber attack hits ...
  • World Bank improves forecast for Ukraine's economic growth in 2018
  • 4th Kyiv Post CEO Dinner guests discuss Ukraine's investment, image
  • Doing Business
  • IMF, EBRD confirm Ukraine's GDP growth at 2% in 2017
  • Ukraine Reform Monitor: April 2017
  • Ukraine Appeals London High Court Ruling on $3 Billion Debt to ...

    JAMAICA -1.70


  • 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 ...

    BOTSWANA -1.23


  • Botswana president pays last respects to Masire
  • Botswana: Former Presidents, Vice Presidents to Attend Sir Ketumile ...
  • Diamond Trading Drives Botswana Growth
  • BITC reaches out to clients
  • South Africa's population
  • Botswana's Diamond Exports Rise
  • Budget 2017/18: Govt's behemoth job creation task
  • KFC's bankruptcy raises eyebrows

    CZECH REPUBLIC -1.03


  • '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

    SOUTH AFRICA -0.89


  • South Africa's Jacob Zuma is fast running out of political lives
  • Wonderland at Jezebel's: South Africa and Gilead
  • South African central bank takes legal action to protect mandate
  • South Africa's unexpected recession confounds economists
  • South Africa's population
  • PREMIER'S PERSPECTIVE: Land revitalisation initiatives ...
  • South Africa budget targets top earners
  • South Africa Debt Downgrade Hits ETF: Slowing GDP, Slower Returns
    Econ events
    momenteventForecastConsensus
    2017-06-29PPI YoY MAY4.70%
    2017-06-29PPI MoM MAY0.30%

    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    Nampak LtdSOUTH AFRICAMaterials6/28/2017
    Tiger Brands LtdSOUTH AFRICAConsumer Staples6/28/2017

    PERU -0.86


  • 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

    INDIA -0.85


  • Watch: Vice President Pence delivers keynote remarks at US-India ...
  • Indian prime minister is a serial hugger
  • India's economic growth slowed sharply in first quarter
  • Aberdeen New India Investment Trust Lags Behind Benchmark
  • Five Surprising Trends In India's Population Growth In The Coming ...
  • India's Exports Growth Slows in May
  • India's SpiceJet is world's top performing airline stock with 124% gain
  • Centre to rejig Air India's debt
    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    HDFC Bank LtdINDIAFinancials6/28/2017

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Bajaj Auto LtdINDIAConsumer Discretionary6/29/2017

    CHILE -0.79


  • Chile's Bachelet asks forgiveness from indigenous Mapuche
  • PM promotes better trade links with Chile
  • Did Chile's Copper Mine Strike Impact Its Economic Growth in 1Q17?
  • Copper Won't Lead Chile's Investment Recovery
  • Chile's Advanced Mobile Market Turns to 4G LTE
  • FxWirePro: CLP underperformance upside down - Deploy USD/CLP ...
  • Chile Puts Its Reputation Above Stimulus in 2017 Budget
  • Anti-Torture Law Helps Pay Off Chile's Debt to Human Rights

    MALAYSIA -0.67


  • Brazil's president calls graft charge soap opera
  • After fatal bullying cases in, Malaysia Prime Minister Najib Razak ...
  • RAM revises Malaysia's economic growth forecast to 5.2pct
  • S&P Keeps Malaysia's Investment-Grade Rating Steady On Prudent ...
  • Lean government ensures better service
  • Malaysia's exports still grow at a robust pace
  • Hotel owners association criticises Tourism Tax plan
  • Telekom Malaysia appoints DNA as communications agency for UniFi
    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    SapuraKencana Petroleum BhdMALAYSIAEnergy6/28/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Gamuda BhdMALAYSIAIndustrials6/29/2017

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    Recent Chart Art

    Here is a Cash Cost Curve for Gold Companies Polyus, Highland, Centerra, Buenaventura and Global Gold Inc are the winners

    Download file in Power Point    		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