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August 3, 2017

Best 15 Markets Yesterday

CountryChangePct
GREECE2.20
TUNISIA2.09
PAKISTAN1.49
UKRAINE1.30
UNITED ARAB EMIRATES1.18
TAIWAN1.17
HUNGARY1.13
NIGERIA1.01
BOSNIA AND HERZEGOVINA0.93
OMAN0.83
CZECH REPUBLIC0.81
QATAR0.75
ROMANIA0.71
BANGLADESH0.66
SWITZERLAND0.61

Worst 15 Markets Yesterday

CountryChangePct
ISRAEL-0.83
PERU-0.78
MEXICO-0.77
NEW ZEALAND-0.76
IRELAND-0.70
POLAND-0.58
KAZAKHSTAN-0.55
BAHRAIN-0.54
CHINA-0.40
SOUTH AFRICA-0.40
JAMAICA-0.40
SPAIN-0.38
SAUDI ARABIA DOMESTIC-0.37
SRI LANKA-0.33
GHANA-0.28

Best 10 Markets YTD

CountryChangePct
ZIMBABWE58.61
AUSTRIA42.13
POLAND41.11
JAMAICA39.97
GHANA39.68
BULGARIA39.22
TURKEY35.30
CHINA33.87
GREECE33.81
KAZAKHSTAN33.22

Worst 10 Markets YTD

CountryChangePct
OMAN-18.45
RUSSIA-12.96
PAKISTAN-11.18
LEBANON-10.12
QATAR-7.54
BOTSWANA-4.90
JORDAN-0.49
SAUDI ARABIA DOMESTIC0.00
BANGLADESH4.53
TUNISIA5.61

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE115.91
BULGARIA79.54
AUSTRIA68.46
JAMAICA63.10
GREECE54.21
HUNGARY45.29
SPAIN39.96
POLAND39.73
KAZAKHSTAN39.72
ITALY38.34

Worst 10 Markets Last 12 months

CountryChangePct
BOTSWANA-19.88
OMAN-18.79
EGYPT-15.29
PHILIPPINES-9.81
ISRAEL-9.11
QATAR-8.19
LEBANON-3.18
SLOVENIA-1.15
NEW ZEALAND-0.91
VIETNAM-0.70

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Venezuela31.264.15
Pakistan5.160.30
El Salvador8.560.23
Bolivia4.850.10
Lebanon6.500.07
Argentina6.590.05
Gabon6.920.03
Poland2.690.02
Vietnam3.980.02
Lithuania2.390.01
Kenya6.490.00
Malaysia3.27-0.01
India3.63-0.01
Colombia4.00-0.01
Costa Rica6.05-0.03
Philippines3.25-0.03
Slovak Republic2.33-0.03
Jordan5.79-0.03
Peru3.71-0.06
China2.93-0.06
Russian Federation3.97-0.07
Jamaica5.65-0.07
Tunisia6.34-0.08
Uruguay3.97-0.09
Paraguay5.23-0.10
Romania3.40-0.10
South Africa4.92-0.11
Chile2.77-0.12
Indonesia3.88-0.12
Hungary3.10-0.12
Turkey4.82-0.13
Kazakhstan4.56-0.16
Panama3.34-0.16
Angola8.45-0.17
Senegal5.94-0.17
United States1.05-0.17
Mexico4.28-0.18
Oman4.63-0.19
Brazil4.88-0.22
Nigeria6.72-0.22
Trinidad and Tobago4.60-0.23
Croatia (Hrvatska)3.10-0.25
Dominican Republic4.98-0.26
Ethiopia6.58-0.26
Ghana7.37-0.27
Egypt5.95-0.27
Serbia2.99-0.28
Cote D'Ivoire (Ivory Coast)6.10-0.29
Morocco3.01-0.30
Zambia7.54-0.30
Sri Lanka5.12-0.30
Azerbaijan4.93-0.37
Ukraine7.26-0.37
Ecuador8.81-0.38
Mongolia6.00-0.51
Iraq7.44-0.65

Chart: ML Morning Meeting Explained

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-08-02 and 2017-07-28

Best global markets week to date EM LATIN AMERICA +1.25%, EUROPE +1.03%, EFM ASIA +0.82%,

While worst global markets week to date FM (FRONTIER MARKETS) -1.92%, USA 0.19%, EM (EMERGING MARKETS) 0.66%,
  • Futures show US equities heading for yet another record
  • US Equities: The Opportunity Going Forward
  • Emerging Markets See Lowflation for First Time in Fed Rate Cycle
  • Aberdeen Emerging Markets Equity maintains bias to high-quality ...
  • China stocks sag after soft service sector report; Hong Kong slips
  • Chinese stocks are getting slammed
  • European equities lean on earnings to revive rally
  • Financial and industrial stocks lead European equities lower
  • As Oil Prices Rise, Are Oil Bulls Too Optimistic?
  • Oil Prices Slip Despite Modest Draw In Crude Inventories
  • Steel Price Forecast, July 2017: China Reduces Steel Capacity
  • If Trump wins on steel, US manufacturers lose
  • Gold rate today: Track gold price in India and market outlook
  • Gold Price Prediction for August 3, 2017

    Best since the start of the week among various stock markets were PORTUGAL +3.66%, BRAZIL +2.85%, HUNGARY +2.43%, GREECE +2.03%, HONG KONG +1.93%, BULGARIA +1.78%, ITALY +1.58%, BOSNIA AND HERZEGOVINA +1.47%, TUNISIA +1.44%, JAPAN +1.42%,

    While worst since the start of the week among various stock markets were NIGERIA -14.66%, PHILIPPINES -2.29%, SOUTH AFRICA -1.99%, QATAR -1.98%, KENYA -1.80%, KUWAIT -1.61%, ISRAEL -1.50%, BAHRAIN -1.50%, SAUDI ARABIA DOMESTIC -1.48%, EGYPT -1.28%,

    News

    Chose Your Country

    Best 10 Market Since the begining of the week


    PORTUGAL 3.66%

  • macro strategy bonds quick news
  • Reports: Small plane crashes on Portugal beach, killing 2
  • How Portugal came back from the brink — and why austerity could ...
  • How Portugal came back from the brink — and why austerity could ...
  • UPDATE 1-DBRS confirms Portugal investment-grade rating ...
  • Migrants Won't Solve Europe's Demographic Problem
  • Textile, clothing exports up 5%, beating 2020 sector target of €5bn
  • Portugal budget deficit narrows in first quarter
  • Portugal debt issuance unaltered by CGD, still has IMF money

    BRAZIL 2.85%

  • macro strategy bonds quick news
  • Brazil's President Temer survives corruption vote
  • Britain eyes trade deal with Brazil
  • Brazilian Lawmakers Reject Bribery Prosecution of President Michel ...
  • JPMorgan Brazil Investment Trust Barely Underperforms Benchmark
  • The curious case of 217 million missing women in the Indian workforce
  • Brazil exports to Arab region up 15.4pc in H1
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • Brazil Debt, Consumption On Mend, BNP Says
    Econ events
    momenteventForecastConsensus
    2017-08-03Markit Services PMI JUL49.4
    2017-08-03Markit Composite PMI JUL50.6
    2017-08-04New Car Registrations MoM JUL
    2017-08-04Car Production MoM JUL

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Duratex SABRAZILMaterials8/2/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Multiplus SABRAZILConsumer Discretionary8/3/2017
    Suzano Papel e Celulose SABRAZILMaterials8/3/2017
    TOTVS SABRAZILInformation Technology8/3/2017

    HUNGARY 2.43%

  • macro strategy bonds quick news
  • Hungary's leader: EU and Soros seek to "Muslimize" Europe
  • Hungarian prime minister says country 'made a mistake ...
  • From Empire to Modernity: A Pragmatic Hungary
  • Hungary Regains Investment Grade at S&P on Budget Discipline
  • Hungary: Population Movement - Emergency Appeal n° MDRHU004 ...
  • New express facilities to handle record growth at Budapest Airport
  • UPDATE 1-Hungary's 2017 budget to target 2.4 pct/GDP deficit -PM ...
  • Hungary sells 1 bln renminbi of Panda bonds

    GREECE 2.03%

  • macro strategy bonds quick news
  • Eurozone officials in warning on Greece statistics trial 'farce'
  • Readout of the Vice President's Call with Prime Minister of Greece ...
  • S&P's “Improved” Outlook On Greece: GDP Growth, Mountains Of ...
  • Fosun Spearheads China's Dominant Investments in Greece
  • Foreigners' bank deposits have dropped by 40 bln in eight years
  • Exports of medicines the second biggest category for Greece
  • Greek Jan-June govt budget surplus beats target on lower spending
  • Is Greece's Debt Story Looking Up?

    HONG KONG 1.93%

  • macro strategy bonds quick news
  • Hong Kong: Xi calls for unity in face of challenges
  • Carrie Lam lauds close Singapore-Hong Kong ties, looks ahead to ...
  • Is Hong Kong ready for e-sports and its economic growth?
  • DAILY BRIEFING: Connection Capital sells education software Impero
  • Visiting Hong Kong leader Carrie Lam opens photo exhibition ...
  • China's debt levels worrying, says economist
  • New Hong Kong Tax Regime for Aircraft Leasing
  • China & Hong Kong Debt Downgrades: Why Markets Just Shrugged
    Econ events
    momenteventForecastConsensus
    2017-08-02Retail Sales YoY JUN1.50%
    2017-08-03Nikkei PMI JUL50.1

    BULGARIA 1.78%

  • macro bonds quick news
  • Bulgarian President: 'We Have Opened a New European Page'
  • Prime ministers Borissov and Zaev sign Bulgaria – Macedonia good ...
  • In Bulgaria, Rundown Buildings Become Places to Play
  • Bulgarian Tourism Sector Forecasts 8.5% Growth in 2015
  • Bulgaria's population dropped by more than 51 000 in a year ...
  • Bulgaria's Exports to EU Grew 6% in Jan-Sept
  • Bulgaria sees Jan-July fiscal surplus rising to 2.0 pct of GDP
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    ITALY 1.58%

  • macro strategy bonds quick news
  • Macron's Italy UPRISING: French leader facing major Rome revolt ...
  • Prime Minister: Italy Avalanche Rescue Was Delayed, 'Malfunctioning'
  • News Analysis: More work need to be done despite IMF's forecast ...
  • Ryanair gives away €8 flights to mark Italy investment boost
  • This is what Italy's population will look like in 50 years
  • Exports of plastics and rubber equipment grow in double digits / Pre ...
  • EU Commission sees Italy's budget deficit on the rise
  • The sheer scale of Italy's debt threatens global GDP
    Econ events
    momenteventForecastConsensus
    2017-08-03Markit/ADACI Services PMI JUL53.3
    2017-08-04Retail Sales YoY JUN1.20%
    2017-08-04Retail Sales MoM JUN0.30%

    BOSNIA AND HERZEGOVINA 1.47%

  • macro bonds quick news
  • Azerbaijani president to receive Bosnia and Herzegovina's highest ...
  • Pence, in Montenegro, Assures Balkans of US Support
  • Diesel cars still popular in Bosnia as EU considers bans
  • Sarajevo Rises in Popularity with Middle East Property Buyers
  • Hijab-wearing women react to Bosnia court ban

    TUNISIA 1.44%

  • macro bonds quick news
  • Former minister: US Marines entered Tunisia by orders of ex ...
  • Q&A: Tunisia's Youssef Chahed on Building a Democracy That ...
  • IMF looks at progress in Tunisia's economic overhaul
  • Tunisia Seeks Foreign Investment to Cement Democratic Gains
  • IMF Executive Board Completes First Review under the Extended ...
  • Tunisia exports the highest number of ISIL fighters of any country in ...
  • Tunisia lawmakers approve 2015 budget which sees 3 pct growth
  • Tunisia: Debt of households exceeds 20 billion dinars in 2016

    JAPAN 1.42%

  • macro strategy bonds quick news
  • Why Japan's first lady was probably not snubbing President Trump ...
  • Japan's prime minister reshuffles Cabinet as support dips
  • Commentary: Japan questions working habits, in quest for economic ...
  • INVESTMENT FOCUS-Clouds forming over top fund managers ...
  • Japan's population is falling faster than it ever has before
  • Japan exports notch seventh straight month of growth
  • Japan 2016/17 corporate tax revenue down in blow to Abenomics
  • Consumption tax key to fixing Japan's debt-ridden finance: IMF
    Econ events
    momenteventForecastConsensus
    2017-08-02Consumer Confidence JUL43.6
    2017-08-03Nikkei Services PMI JUL52.4
    2017-08-03Stock Investment by Foreigners JUL/27
    2017-08-03Foreign Bond Investment JUL/27
    2017-08-04Average Cash Earnings YoY JUN0.40%

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Honda Motor Co LtdJAPANConsumer Discretionary8/2/2017
    ITOCHU CorpJAPANIndustrials8/2/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Olympus CorpJAPANHealth Care8/3/2017
    ANA Holdings IncJAPANIndustrials8/3/2017

    Worst 10 Market Since Begining of the Week


    NIGERIA -14.66%

  • macro strategy bonds quick news
  • Buhari has been gone for months. The last Nigerian president ...
  • Pakistan's prime minister forced to resign over Panama Papers
  • Nigeria's economy to grow 0.8 pct this year, risk remains - IMF
  • Elumelu: All Arms of Govt Must Collaborate to Make Nigeria ...
  • Nigeria's population growth rate unsustainable – FG
  • Experts warn tanker earnings face a long road to recovery
  • Nigeria's budget deficit and borrowing strategies
  • DMO: Nigeria's Debt Burden Indicators May Deteriorate Without ...
    Econ events
    momenteventForecastConsensus
    2017-08-03Stanbic IBTC Bank Nigeria PMI JUL53.2

    PHILIPPINES -2.29%

  • macro strategy bonds quick news
  • North Korea's Kim Jong-un is a 'fool', says Philippines President ...
  • Japan's cooperation in railway projects in Mega Manila
  • Standard Chartered cuts Philippine GDP forecast
  • Japan credit rater maintains Philippines' investment grade
  • 105M
  • Philippines' exports, imports post double-digit growth in May
  • Philippines' budget secretary says not worried about peso ...
  • The myths and realities of Duterte's infrastructure initiative
    Econ events
    momenteventForecastConsensus
    2017-08-02Retail Price Index YoY JUN3.90%
    2017-08-04PPI YoY JUN-2.50%
    2017-08-04Inflation Rate MoM JUL0.10%
    2017-08-04Inflation Rate YoY JUL2.90%
    2017-08-04Core Inflation Rate YoY JUL2.50%

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    BDO Unibank IncPHILIPPINESFinancials8/2/2017

    SOUTH AFRICA -1.99%

  • macro strategy bonds quick news
  • South Africa president backs his former wife in ANC race
  • New role for MP Andrew
  • Why South Africa's economic outlook is looking bleak
  • South Africa: SA Still a Choice Investment Destination
  • South Africa's population has increased by almost one million
  • South Africa: SA Still a Choice Investment Destination
  • South Africa budget targets top earners
  • Nedbank CEO Sees State-Owned Firms as Biggest South African Risk
    Econ events
    momenteventForecastConsensus
    2017-08-03Standard Bank PMI JUL50.6

    Companies that will report Today:
    CompanyCountrySectorReported
    JSE LtdSOUTH AFRICAFinancials8/3/2017

    QATAR -1.98%

  • macro strategy bonds quick news
  • Qatar Buys Italian Warships as Persian Gulf Crisis Deepens
  • Turkey can't afford to take sides in Qatar crisis
  • Diplomatic crisis triggers only minor Qatar economic forecast cuts ...
  • RMZ Corp in talks with CPPIB, Qatar Investment Authority to raise $1 ...
  • Qatar's population fell last month, but still its busiest July yet
  • Qatar: Gulf Dispute To Have Limited Impact On Oil, Gas Trade
  • Report: Gulf crisis to increase Qatar's budget deficit
  • Qatar debt rating downgraded by S&P as riyal hits 11-year low

    KENYA -1.80%

  • macro bonds quick news
  • Kenyan Election Official Found Dead Ahead Of Presidential Vote
  • Kenya judges hit back at election rivals' 'vile affront' to the law
  • Mixed bag of economic growth as Kenya goes to the polls
  • Is Kenya overbanking on new Special Economic Zones to drive ...
  • Kenyan elections 2017: What you need to know
  • Kenya's clout wanes as China and India fight for control of EAC trade
  • Kenya: Gaming Tax Defeat Sets Back Kenya Budget Plan
  • Kenya's new $3.2 billion railway frustrates customers ahead of polls

    KUWAIT -1.61%

  • macro strategy bonds quick news
  • Oil Revenue Surge Seen Cutting Kuwait Deficit: Investors' Guide
  • Kuwait denies its waters used for Iran supplies to Houthis
  • Pakistan elects Abbasi as new PM
  • ME growth to dive as Saudi economy slows: IMF
  • Why sovereign funds need to consider tech investments
  • Kuwait healthcare sector to grow 7.5% up to 2020
  • Beximco in milestone achievement with Kuwait exports
  • Oil Revenue Surge Seen Cutting Kuwait Deficit: Investors' Guide
  • Kuwait's debut sovereign bond sale draws more than $20bn in ...

    ISRAEL -1.50%

  • macro strategy bonds quick news
  • Trump's Foreign Policy Chaos Is Putting Israel at Risk, but US Jews ...
  • Prime Ministers' sons duke it out on Facebook
  • Social Mobility in Israel Is High – but Only for Some
  • Term Sheet — Wednesday, July 19
  • Israel Faces End of Decade-Long Housing Boom
  • Israel Economic Overview: CPI Drops, Housing Prices Rise ...
  • Israel cabinet approves two-year draft budget aimed at boosting ...
  • Israel debt slips for seventh straight year to 62.2 percent of GDP

    BAHRAIN -1.50%

  • macro strategy bonds quick news
  • Bahrain Summer Festival sponsors honoured
  • HM King returns to Bahrain
  • Qatar Dispute Back To Square One
  • Etisalat Q2 earnings miss analyst forecasts on higher FX losses
  • India, Bahrain to Set up Joint Panel to Boost Ties
  • Debt burden to grow heavier for Bahrain if oil prices remain low ...
  • Bahrain's budget deficit hopes rest on oil
  • Moody's downgrades Bahrain to B1, maintains negative outlook

    SAUDI ARABIA DOMESTIC -1.48%

  • macro bonds quick news
  • Saudi Arabia Announces Plan for Red Sea Tourism Project
  • A thoroughly judicial coup in Pakistan that could rock the Middle East
  • Saudi Arabia plans luxury beach resorts on Red Sea
  • America's Top Bond Manager Never Falls in Love
  • Saudi Arabia's next king is a young, ambitious risk taker
  • Business Now: Live coverage of financial markets and companies ...
  • The Art Of The (Trump And Putin) Deal
  • Saudi Arabia Sells Domestic Debt for First Time in 2017

    EGYPT -1.28%

  • macro strategy bonds quick news
  • Sisi now controls Egypt's top courts
  • Egypt Reserves Reach Record High of Over $36 Billion
  • Egypt's economic growth to pick up slightly this fiscal year: Poll
  • African Markets - Factors to watch on July 17
  • CAPMAS: Egypt population reaches 93.33 million
  • Egypt agricultural exports up 12.1 pct in first half 2017
  • Egypt's Budget, Energy Price Rises Show Fiscal Commitment
  • Foreign Holdings of Egypt Debt Reach $7.5 Billion, Official Says
    Econ events
    momenteventForecastConsensus
    2017-08-02Foreign Exchange Reserves JUL$ 32.2B
    2017-08-03Emirates NBD PMI JUL47.4

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