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Tactical Stance

Strategic Stance




Best 15 Markets last Week

nameWeekChange
ZIMBABWE11.27
JAMAICA4.53
CHINA4.33
CHILE3.71
KUWAIT3.51
OMAN3.28
ARGENTINA2.93
SRI LANKA2.62
NIGERIA2.60
INDIA2.39
BRAZIL2.34
PERU2.28
MOROCCO2.23
TAIWAN1.95
ROMANIA1.93

Worst 15 Markets Last Week

nameWeekChange
UKRAINE-6.42
GREECE-3.64
PORTUGAL-3.24
BULGARIA-3.10
ESTONIA-2.93
EGYPT-2.90
PAKISTAN-2.81
SPAIN-2.68
QATAR-2.68
NEW ZEALAND-2.57
MAURITIUS-2.11
ITALY-1.96
MEXICO-1.94
IRELAND-1.78
ISRAEL-1.38

Best 10 Market Last 12 Months

CountryChangePct
ZIMBABWE448.35
JAMAICA83.14
AUSTRIA53.73
GHANA51.28
POLAND44.79
BULGARIA42.65
KUWAIT42.01
ARGENTINA41.63
PERU39.42
ITALY39.36

Worst 10 Market Last 12 Months

CountryChangePct
UKRAINE-0.49
LEBANON-1.77
TRINIDAD AND TOBAGO-1.89
NEW ZEALAND-3.24
OMAN-8.14
ISRAEL-12.85
PAKISTAN-15.64
BOTSWANA-17.90
QATAR-19.20
EGYPT-26.45

Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Chance

countryYieldYieldChange
Hong Kong55.8742.77
Venezuela32.939.23
Canada9.381.30
Qatar3.53-0.02
Israel4.14-0.07
United States5.54-0.21
Oman4.71-0.22
Korea (South)3.79-0.23
Bahrain5.52-0.27
China3.87-0.33
Jordan5.91-0.33
Slovak Republic2.39-0.34
Finland2.35-0.37
Trinidad and Tobago5.01-0.40
Philippines3.20-0.41
Germany3.89-0.45
New Zealand5.02-0.46
United Arab Emirates3.65-0.52
Lebanon6.30-0.56
Thailand2.87-0.58
Guatemala4.26-0.64
Russian Federation3.85-0.66
Chile4.37-0.66
Pakistan5.10-0.66
Peru3.55-0.67
Tunisia6.22-0.67
Japan3.13-0.69
South Africa4.77-0.70
Netherlands3.97-0.70
Lithuania2.28-0.74
United Kingdom5.36-0.74
Malaysia3.45-0.77
Taiwan3.36-0.78
Morocco3.65-0.79
Poland2.61-0.80
Azerbaijan4.86-0.80
Kuwait3.72-0.83
Romania3.34-0.85
Panama3.52-0.87
Paraguay5.21-0.89
Cote D'Ivoire (Ivory Coast)5.75-0.91
France5.37-0.91
Ireland5.46-0.92
Italy4.74-0.92
Hungary2.93-0.93
Gabon6.80-0.94
Indonesia3.74-0.95
Colombia4.17-0.96
Mexico4.27-0.99
Uruguay3.82-1.04
El Salvador6.87-1.04
Croatia (Hrvatska)3.08-1.09
India3.91-1.11
Brazil5.23-1.15
Turkey4.79-1.23
Ecuador7.33-1.29
Costa Rica5.65-1.33
Vietnam3.47-1.34
Kazakhstan4.37-1.35
Serbia2.98-1.38
Egypt5.07-1.42
Dominican Republic4.80-1.50
Kenya6.34-1.50
Ghana6.67-1.67
Nigeria5.42-1.67
Sri Lanka4.58-1.73
Senegal3.98-1.73
Zambia7.32-1.78
Ethiopia6.17-1.85
Argentina5.74-1.87
Jamaica6.77-1.98
Iraq7.24-2.01
Angola8.06-2.06
Ukraine6.59-2.11
Mongolia5.80-2.52
Luxembourg7.43-3.51

Fund flows Last Week

FocusObjectiveAsset ClassFlow USD mn
CommoditiesINDUSTRIAL METALSCommodity-107.58
CommoditiesPRECIOUS METAL SECTOREquity1824.97
CommoditiesPRECIOUS METALSCommodity513.28
CommoditiesPRECIOUS METALSMixed Allocation2.91
countryAUSTRALIAEquity-84.65
countryAUSTRALIAFixed Income-58.21
countryAUSTRALIAMixed Allocation-0.04
countryBRAZILEquity459.49
countryBRAZILFixed Income-69.80
countryCHINAEquity-843.81
countryCHINAFixed Income-53.91
CountryEGYPTEquity-0.34
countryINDIAEquity-565.22
countryINDIAFixed Income-17.63
countryISRAELEquity0.13
countryJAPANEquity-712.41
countryJAPANFixed Income-97.21
countryJAPANMixed Allocation1.78
countryKOREAEquity-41.23
countryPOLANDEquity8.80
countryRUSSIAEquity160.41
countryRUSSIAFixed Income-30.02
countrySOUTH AFRICAEquity-2.63
countrySPAINEquity28.60
CountryTAIWANEquity-23.48
countryTURKEYEquity-0.51
countryUNITED KINGDOMEquity-88.44
industryBASIC MATERIALS SECTOREquity804.18
industryCOMMUNICATIONS SECTOREquity320.02
industryENERGY SECTOREquity-1557.02
industryENERGY SECTORMixed Allocation-0.09
industryFINANCIAL SECTOREquity-440.23
industryHEALTH CARE SECTOREquity-496.53
industryINDUSTRIAL SECTOREquity-271.45
industryMULTIPLE SECTOREquity-8.78
industryNATURAL RESOURCES SECTOREquity-79.21
industryREAL ESTATE SECTORAlternative-1.15
industryREAL ESTATE SECTOREquity950.60
industryTECHNOLOGY SECTOREquity1432.83
industryUTILITIES SECTOREquity-517.04
regionAFRICAN REGIONEquity-4.12
regionAFRICAN REGIONFixed Income5.48
regionASIAN PACIFIC REGIONEquity-89.73
regionASIAN PACIFIC REGIONFixed Income230.25
regionASIAN PACIFIC REGIONMixed Allocation-404.80
regionASIAN PACIFIC REGION EX JAPANEquity-1252.90
regionASIAN PACIFIC REGION EX JAPANFixed Income-6.81
regionASIAN PACIFIC REGION EX JAPANMixed Allocation190.61
regionEASTERN EUROPEAN REGIONEquity167.78
regionEASTERN EUROPEAN REGIONFixed Income5.55
regionEASTERN EUROPEAN REGIONMixed Allocation-0.45
regionEUROPEAN REGIONEquity-1149.79
regionEUROPEAN REGIONFixed Income212.02
regionEUROPEAN REGIONMixed Allocation25.99
regionLATIN AMERICAN REGIONEquity283.39
regionLATIN AMERICAN REGIONFixed Income138.79
regionMIDDLE EAST REGIONEquity-5.62
regionMIDDLE EAST REGIONFixed Income2.09
regionNORDIC REGIONEquity-314.66
regionNORTH AMERICAN REGIONEquity93.91
regionNORTH AMERICAN REGIONFixed Income-39.99
RiskGOVERNMENT BONDAlternative-1.89
RiskGOVERNMENT BONDEquity0.06
RiskGOVERNMENT BONDFixed Income648.04
RiskGOVERNMENT BONDMixed Allocation-0.81
RiskINFLATION PROTECTEDBrazil-4.57
RiskINFLATION PROTECTEDFixed Income551.18
RiskLONG SHORTAlternative-24.00
RiskLONG SHORTEquity193.45
RiskLONG SHORTFixed Income-3.54
RiskLONG SHORTMixed Allocation1.57
SectorAGRICULTURECommodity50.94
SectorAGRICULTUREEquity0.00
SectorCONSUMER DISCRETIONARYEquity36.13
SectorCONSUMER STAPLESEquity16.69
segmentBRICEquity-18.04
segmentBRICFixed Income-14.13
segmentDEVELOPED MARKETSEquity230.90
segmentEMEAEquity-3.34
segmentEMEAFixed Income6.25
segmentEMERGING MARKETSEquity3896.01
segmentGCCEquity-0.09
segmentGCCFixed Income-0.08
segmentGCCMixed Allocation-1.70
segmentMENAEquity-0.97
segmentMENAFixed Income-2.41
SizeLARGE-CAPEquity-8936.50
SizeMID-CAPCommodity-0.92
SizeMID-CAPEquity-937.12
SizeSMALL-CAPEquity-2032.83

Chart: Europe, CIS and Asia Gold Basket Initial Thoughts and Bunch of Data

Initial Stock Selection for a basket or a Fund Targeting Companies under US$500mn in Market Capitalisation Going through Industry Presentations and Report (dowload pdf)

Source: ML

Download file in Power Point

Comment

Weekly performance is between 2017-10-06 and 2017-09-29

Best global markets last week EFM ASIA +2.39%, EM (EMERGING MARKETS) +1.98%, FM (FRONTIER MARKETS) +1.81%,

While worst global markets last week EUROPE -0.40%, USA 1.18%, EM LATIN AMERICA 1.27%,
  • Will winning run for US equities continue?
  • Nasdaq snaps 9-day winning streak as Wall Street pauses before ...
  • EMERGING MARKETS-Turkish selloff leads broader emerging ...
  • EMERGING MARKETS-Mexico peso hits 4-month low ahead of ...
  • China stocks climb more than 2% on return from holiday
  • China stocks, catching up after holiday break, touch 21-month highs
  • Can a Macron-Merkel axis reignite European equities?
  • Emerging European equities begin to show shoots of opportunity ...
  • The “Amazon Effect” Is Coming To Oil Markets
  • Has The Bear Market In Oil Finally Ended?
  • The Iron Ore Price Has A Lot Of Explaining To Do
  • Steel Price Outlook Rosy on the Back of Global Recovery, China Cuts
  • Gold prices extend gains on renewed US-North Korea anxiety
  • Gold Price To Suffer a Tremendous Drop Says Goldman Sachs

    Best last week among various stock markets were ZIMBABWE +11.27%, JAMAICA +4.53%, CHINA +4.33%, CHILE +3.71%, KUWAIT +3.51%, OMAN +3.28%, ARGENTINA +2.93%, SRI LANKA +2.62%, NIGERIA +2.60%, INDIA +2.39%,

    While worst last week among various stock markets were UKRAINE -6.42%, GREECE -3.64%, PORTUGAL -3.24%, BULGARIA -3.10%, ESTONIA -2.93%, EGYPT -2.90%, PAKISTAN -2.81%, SPAIN -2.68%, QATAR -2.68%, NEW ZEALAND -2.57%,

    Best YTD among various country equities were ZIMBABWE +279.38%, GHANA +71.20%, ARGENTINA +65.84%, JAMAICA +54.43%, CHINA +46.53%, AUSTRIA +45.61%, POLAND +44.19%, CHILE +35.50%, KAZAKHSTAN +33.09%, KOREA +31.70%,

    While worst YTD among various country equities were PAKISTAN -25.00%, QATAR -20.39%, OMAN -11.14%, BOTSWANA -9.55%, LEBANON -8.10%, ISRAEL -4.34%, RUSSIA -2.86%, JORDAN -2.71%, UKRAINE 1.27%, NEW ZEALAND 2.56%,


    ML Comics: Markets have been rising on fears of attack on North Korea, then they were rising as the threat of North Korea risk off was less. After some huff and puff - Rob decided to try and raise some money for his future automotive engineering business.

    He put together a presentation

    Source: ML Comics


    Latest ML Comics

    Markets have been rising on fears of attack on North Korea, then they were rising as the threat of North Korea risk off was less. After some huff and puff - Rob decided to try and raise some money for his future automotive engineering business.
    		Initial Team
    		4 Wheel drive and thoughts about business
    Rear Engine Transmission Shift Problem
    		6 Wheeler in the Making
    		Rob has a new plan
    Bicycle - a more reliable transportation
    		Rob has built a woodie
    		Body on Frame

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  • 2017-10-10 ML Weekly
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    Chose Your Country



    News

    Best 10 Market Since the begining of the week


    ZIMBABWE 11.27


  • Mugabe fires Zimbabwe finance minister in cabinet reshuffle
  • Mugabe's diamond bribes skeletons tumble
  • Zimbabwe: 'Zim Has Potential for Economic Growth'
  • Is access to more finance a solution to Africa?
  • EDITORIAL COMMENT: Dialogue should set tone for revival of ...
  • Zim platinum miners given a break on beneficiation
  • Zimbabwe budget deficit rose to $1.4 billion in 2016
  • Zimbabwe Airways seeks $4.5m to rejoin IATA

    JAMAICA 4.53


  • #NominationDay: Alexis, PNP promise JLP defeat in St Mary
  • Prime Minister Emphasises Importance Of Philanthropy
  • Tourism Continues to be Main Catalyst for Economic Growth
  • A Jamaican Germany is good for Europe
  • Over 300 new apartments coming to downtown Jamaica
  • Ronald Thwaites | Weak coffee
  • Property tax: what's the problem?
  • Briefing | Climb of Jamaica's foreign currency debt cause for concern

    CHINA 4.33


  • China president tightens grip on power weeks ahead of congress
  • How China and North Korea Are Helping The Prime Minister Keep ...
  • China says will have no problem meeting 2017 growth target, may ...
  • China retail sales, investment growth slower in August
  • How China's Demographics Will Drag on Growth
  • ADB raises China's 2017 growth forecast to 6.7 percent on ...
  • Using performance indicators for governing
  • Beijing effort and inflation push China debt load down

    CHILE 3.71


  • Chile's President reaffirms commitment to marine conservation
  • FIFA U-17 World Cup: Chile colts create emotional moment in Kolkata
  • Chile to trim deficit in 2018 as growth rebounds
  • Copper Won't Lead Chile's Investment Recovery
  • Dawn of agriculture linked with poor start to life in ancient Atacama ...
  • How 'Tyranny of Distance' Affects Australian Economy
  • Chile 2018 budget proposal allows for $8.5 bln in debt -document
  • Chile minister pledges lower 2018 fiscal deficit

    KUWAIT 3.51


  • Philippine president popularity dips
  • Prime minister returns home
  • Govts drive economic growth in GCC: Minister
  • Omantel to buy additional 12% stake in Kuwait's Zain
  • Global technology firms bet on Indonesia as next startup frontier
  • Beximco in milestone achievement with Kuwait exports
  • Qatar-Kuwait trade set to grow: Doha Bank
  • Kuwait likely to approve law to enable 30-year bond issues –official

    OMAN 3.28


  • Deputy Prime Minister receives visiting German Federal Parliament ...
  • Deputy Prime Minister receives visiting German Federal Parliament ...
  • India growth to top 7% in next 2 quarters: RBI
  • Oman in bid to attract business from Europe
  • Qatar's population jumps back up after the summer lull
  • Oman exports 25m barrels of crude oil
  • Deep cuts: Oman's budget austerity not tough enough, says ratings ...
  • S&P cuts Oman debt to junk as cheap oil shrinks external reserves

    ARGENTINA 2.93


  • U2′s Bono Asks Argentine President About Missing Activist
  • Israeli Prime Minister Netanyahu Visits Argentina, Denounces ...
  • UPDATE 1-Argentina 2018 budget projects economic growth of 3.5 pct
  • UPDATE 1-Brazil auto industry sees 2018 sales, output growth over ...
  • EDITORIAL: Record market boom makes no noise
  • UPDATE 1-Brazil auto industry sees 2018 sales, output growth over ...
  • Argentina's Budget Predicts 3.5% Economic Growth Next Year
  • Argentina refinances $1 bln in maturing treasury notes

    SRI LANKA 2.62


  • Sri Lankan President worships Lord
  • Sri Lankan Prime Minister commences visit to Finland
  • Frequent natural disasters weaken Sri Lanka's economic ...
  • Frequent natural disasters weaken Sri Lanka's economic ...
  • Sarvodaya Finance partners with Mobitel to offer mobile financial ...
  • Sri Lanka revises import license fee for tea re-exports
  • Sri Lanka may grow 4.5 percent in 2017, deficit 5.0-pct: CB Governor
  • Debt repayments – Biggest nightmare for Sri Lanka

    NIGERIA 2.60


  • Nigeria's vice-president Yemi Osinbajo puts positive spin on economy
  • It is sad Nigerian senators earn more than Trump, UK Prime Minister ...
  • Why Nigeria's economic growth is slow, by bank chairman
  • Nigeria's vice-president Yemi Osinbajo puts positive spin on economy
  • Effects of population growth in Nigeria
  • NEPC hails improved Nigeria's exports rise of 3.2% in Q2 2017
  • Poor revenue bane of Nigeria's budget execution – NILS
  • Nigeria: Deconstructing Nigeria's Debt Story

    INDIA 2.39


  • Soldiers, Spiritual Leaders Twin Pillars Of Nation: President Ram ...
  • Why does Indian PM Narendra Modi follow trolls on Twitter?
  • World Bank reduces India GDP growth forecast to 7% for 2017-18
  • Has Modi Lived Up to the India Investment Hype?
  • Bihar population growth shows rising trend in 2016; contraception ...
  • Indian exports rise for 12th straight month, grow 10.29% in August
  • Why oil can spoil India's budget math
  • Air India's debt can remain a drag even after partial offloading

    Worst 10 Market Since Begining of the Week


    UKRAINE -6.42


  • Erdogan Pledges Support For Ukraine's Territorial Integrity During ...
  • Vice Prime Minister Zubko: Ukraine can halve gas consumption
  • Ukraine to look at its GDP-linked bonds - finance minister
  • Ukraine's Reform Drive Is Powering Ahead, EM Investors Should ...
  • Ukraine expects another IMF aid tranche this year
  • The Last Hurdle for Ukraine's Recovery
  • The Spider and the Fly: Kiev-US Coal Deal to 'Bleed Ukraine's ...
  • Ukraine government sees 2018 external borrowing at $3 billion

    GREECE -3.64


  • President Pavlopoulos Stresses Greece's Role in Eurasia and China
  • Donald Trump Extends Official Invite to Greek Prime Minister Alexis ...
  • US ambassador: Greece can rely on entrepreneurs for economic ...
  • Canadian mining firm threatens to suspend Greece investment
  • EDITORIAL: Record market boom makes no noise
  • The transatlantic meaning of Donald Trump: a US-EU Power Audit
  • Fiscal Hole of 1.7 Billion Euros Appears in Greece's Budget
  • Exclusive: Greece considers bond swap as looks to bailout exit ...

    PORTUGAL -3.24


  • Georgian president vetoes new constitution draft
  • Opposition envious as economy smiles on Portugal's Costa
  • Spain Too Risky? Buy Portuguese Stocks, Invest Iberia Says
  • Spain Too Risky? Buy Portuguese Stocks, Invest Iberia Says
  • Conrad Black: The War on Drugs has been lost. It's time to try ...
  • Portugal's Socialists secure victory in local elections
  • Portugal budget deficit narrows by end of first half, on target
  • Portugal's debt is creeping out of the junk heap

    BULGARIA -3.10


  • Bulgarian President Convenes National Security Council
  • Bulgarian, Romanian prime ministers open new border checkpoint ...
  • Bulgaria says 2018 fiscal deficit will be narrower than forecast
  • European Investment Grows in Bulgaria
  • Linking renewables to economic growth: The case for climate ...
  • Bulgaria's exports in 2016 were five per cent higher than in 2015 ...
  • Bulgaria expects fiscal surplus of 2.4 pct at the end of September
  • Bulgaria's Debt At BGN 23.048 B

    ESTONIA -2.93


  • Estonian President Says Russia's Show Of Force Raises Issues Of ...
  • Estonian Prime Minister to Juncker: Europe needs bold ideas
  • Policy action needed for stronger Estonian economic growth: OECD
  • Ardian-based Ionisos acquires Scandinavian Clinics Estonia
  • Estonian government approves 2018 state budget
  • In July, imports in Estonia grew by 9%, exports by 6%
  • Estonia passes 2017 record level budget spending to bolster defense
  • Estonia's 2016 current account surplus was biggest since regaining ...

    EGYPT -2.90


  • 2018 World Cup: Egypt's president rewards players and coach
  • Population Growth Egypt's 'Biggest Challenge': Prime Minister
  • $250m from Germany to support Egypt's economic reform programme
  • Egypt- Investment Minister signs 8 economic cooperation ...
  • Population Growth Egypt's 'Biggest Challenge': Prime Minister
  • Egypt's economic reforms necessary engines of growth: Chinese ...
  • Egypt's fiscal progress falls short of IMF goals: Capital Economics
  • Egypt's Debt Is No Longer EM's Juiciest Amid Rush to Buy

    PAKISTAN -2.81


  • Norwegian Pakistani elected vice-president of Norway's national ...
  • Pakistan no more reliant on US for military needs: Prime Minister ...
  • Pakistan Economic growth to accelerate more than 5pc: WB
  • Pakistan's macroeconomic uncertainties rising, says World Bank report
  • Sindh's under reported population increase
  • Textile sector losing out
  • Budget deficit reaches Rs324b in 1QFY18
  • Nawaz added whopping $35b to Pakistan's debt

    SPAIN -2.68


  • Catalonia's president to bring crisis to head in parliament
  • Spanish prime minister Mariano Rajoy refuses to rule out ...
  • Spain's PM says may use constitution to block Catalan independence
  • S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions
  • A reprieve in Spain-Catalonia tensions gives investors a break ... for ...
  • Italy and Spain's exports compared in 5 charts
  • If Catalonia left Spain, it would be like London leaving the UK
  • S&P Retains Spain's Debt Rating, Warns of Catalonia Tensions

    QATAR -2.68


  • Taiwan to bolster military but still seeks peace: president
  • Prime Minister reviews Ashghal projects
  • Qatar's Economy Was Already Slowing Ahead of Saudi-Led Boycott
  • The rise of Qatar: An economic success story
  • Qatar's population jumps back up after the summer lull
  • Australia's gas exports set to surge as new projects come on tap
  • Qatar-Kuwait trade set to grow: Doha Bank
  • Qatar: Doha Plans To Raise $9 Billion From Bond Sale

    NEW ZEALAND -2.57


  • President Higgins starts 24-day visit to Australia and New Zealand
  • New Zealand opposition says 'kingmaker' won't be PM
  • New version of capitalism coming, rural-urban bridges have to mend ...
  • Movac invests in Parking Sense to fuel global growth
  • Fact check: New Zealand has the fastest growing population in OECD
  • Jobs boon for NZ's highly-skilled workers
  • New Zealand Budget Surplus Exceeds Expectations
  • Government books show stable position - larger surplus, less debt ...

    Top 10 Longs Based on Momentum

    Tickercompanycountryweek1month6monthsRankVolume_Avg_10DVolume_Avg_30Dvolume_avg_100D
    MRKV RMIDGC of Volga PJSCRUSSIA-1.6930.60142.6157.1768544000.00146663300.00104829900.00
    GEO LNGeorgian Mining CorpBRITAIN9.0328.06128.3455.14861030.70703020.001457810.00
    ORM LNOrmonde Mining PLCIRELAND9.1543.1192.3948.22610082.10526433.30463338.70
    2689 HKNine Dragons Paper Holdings LtdHONG KONG13.9043.4080.9446.0815711340.0015193210.0014111380.00
    USIM5 BZUsinas Siderurgicas de Minas Gerais SABRAZIL6.8848.6482.0945.8722453340.0017999090.0014952870.00
    IRKT RMIrkut Corp PJSCRUSSIA13.5242.4864.1340.04766810.00292463.30173448.00
    2007 HKCountry Garden Holdings Co LtdCHINA8.2225.8979.0637.7265597660.0047763800.0044058560.00
    HGTX3 BZCia HeringBRAZIL9.2230.9565.9435.371766020.001504757.001022312.00
    817 HKChina Jinmao Holdings Group LtdHONG KONG12.8222.4961.2032.1742490940.0034093530.0027049120.00
    EVR LNEvraz PLCRUSSIA-3.9330.8768.8231.924769079.003197063.002767380.00

    Top 10 Shorts Based on Momentum

    Tickercompanycountryweek1month6monthsRankVolume_Avg_10DVolume_Avg_30Dvolume_avg_100D
    GCLA LIGrupo Clarin SAARGENTINA-77.15-75.66-75.76-76.1940945.7021485.0716854.55
    SDRL NOSeadrill LtdBRITAIN-13.79-28.30-83.93-42.019562874.004443186.002882530.00
    DNR USDenbury Resources IncUNITED STATES-1.85-24.82-55.08-27.256953603.506128156.006090569.50
    AVM LNAvocet Mining PLCBRITAIN3.26-27.26-54.65-26.2291795.1049730.3029742.57
    TETH LNTethyan Resources PLCBRITAIN-15.16-12.22-36.13-21.17798069.00633553.00397126.10
    RUSS USDirexion Daily Russia Bear 3x SharesUNITED STATES-9.08-25.69-26.91-20.5681049.5073376.50106656.56
    PGAS IJPerusahaan Gas Negara Persero TbkINDONESIA-7.93-19.10-32.42-19.8257691370.0035378440.0031914370.00
    BANE RMBashneft PJSCRUSSIA-6.48-1.29-39.71-15.835707.004258.273914.65
    KR USKroger Co/TheUNITED STATES-4.86-9.15-26.54-13.5219697114.0014164089.0013456945.00
    SHG LNShanta Gold LtdGUERNSEY-4.0115.87-52.15-13.433079328.002317197.002048251.00

    Econ Events This Week

    Econ Events Last week


    Results and Dividends

    Companies Reported Last Week:

    CompanyCountrySectorReported
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    LG Electronics IncSOUTH KOREAConsumer Discretionary10/10/2017
    Chunghwa Telecom Co LtdTAIWANTelecommunication Services10/9/2017
    Chang Hwa Commercial Bank LtdTAIWANFinancials10/6/2017
    Taiwan Business BankTAIWANFinancials10/9/2017
    LG Electronics IncSOUTH KOREAConsumer Discretionary10/10/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Vedanta Resources PLCINDIAMaterials10/10/2017
    Zardoya Otis SASPAINIndustrials10/10/2017

    Companies that will report This Week:

    CompanyCountrySectorReported
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    LG Electronics IncSOUTH KOREAConsumer Discretionary10/10/2017
    Formosa Plastics CorpTAIWANMaterials10/11/2017
    Nan Ya Plastics CorpTAIWANMaterials10/11/2017
    China Hongqiao Group LtdCHINAMaterials10/15/2017
    Seven & i Holdings Co LtdJAPANConsumer Staples10/12/2017
    Formosa Petrochemical CorpTAIWANEnergy10/11/2017
    China Overseas Grand Oceans Group LtdHONG KONGReal Estate10/17/2017
    Japan Retail Fund Investment CorpJAPANReal Estate10/16/2017
    Fast Retailing Co LtdJAPANConsumer Discretionary10/12/2017
    Akzo Nobel NVNETHERLANDSMaterials10/17/2017
    Alfa SAB de CVMEXICOIndustrials10/17/2017
    Bank of America CorpUNITED STATESFinancials10/13/2017
    Bank Negara Indonesia Persero Tbk PTINDONESIAFinancials10/13/2017
    Bank Muscat SAOGOMANFinancials10/12/2017
    BlackRock IncUNITED STATESFinancials10/12/2017
    Citigroup IncUNITED STATESFinancials10/12/2017
    CCR SABRAZILIndustrials10/11/2017
    Comerica IncUNITED STATESFinancials10/17/2017
    Cree IncUNITED STATESInformation Technology10/17/2017
    CSX CorpUNITED STATESIndustrials10/11/2017
    Delta Air Lines IncUNITED STATESIndustrials10/12/2017
    Discover Financial ServicesUNITED STATESFinancials10/17/2017
    DiGi.Com BhdMALAYSIATelecommunication Services10/17/2017
    Enagas SASPAINEnergy10/17/2017
    Fastenal CoUNITED STATESIndustrials10/11/2017
    First Republic Bank/CAUNITED STATESFinancials10/12/2017
    Genuine Parts CoUNITED STATESConsumer Discretionary10/17/2017
    Goldman Sachs Group Inc/TheUNITED STATESFinancials10/17/2017
    WW Grainger IncUNITED STATESIndustrials10/17/2017
    International Business Machines CorpUNITED STATESInformation Technology10/17/2017
    Infosys LtdINDIAInformation Technology10/13/2017
    Investor ABSWEDENFinancials10/17/2017
    Intuitive Surgical IncUNITED STATESHealth Care10/17/2017
    JB Hunt Transport Services IncUNITED STATESIndustrials10/13/2017
    Johnson & JohnsonUNITED STATESHealth Care10/17/2017
    JPMorgan Chase & CoUNITED STATESFinancials10/12/2017
    Kasikornbank PCLTHAILANDFinancials10/13/2017
    Kasikornbank PCLTHAILANDFinancials10/13/2017
    Kuehne + Nagel International AGSWITZERLANDIndustrials10/16/2017
    Kansas City SouthernUNITED STATESIndustrials10/17/2017
    LG Electronics IncSOUTH KOREAConsumer Discretionary10/10/2017
    Lockheed Martin CorpUNITED STATESIndustrials10/17/2017
    Navient CorpUNITED STATESFinancials10/17/2017
    Netflix IncUNITED STATESConsumer Discretionary10/16/2017
    Novolipetsk Steel PJSCRUSSIAMaterials10/16/2017
    Novolipetsk Steel PJSCRUSSIAMaterials10/16/2017
    Omnicom Group IncUNITED STATESConsumer Discretionary10/12/2017
    Progressive Corp/TheUNITED STATESFinancials10/12/2017
    Pick n Pay Stores LtdSOUTH AFRICAConsumer Staples10/17/2017
    PNC Financial Services Group Inc/TheUNITED STATESFinancials10/13/2017
    Charles Schwab Corp/TheUNITED STATESFinancials10/16/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology10/10/2017
    Tata Consultancy Services LtdINDIAInformation Technology10/13/2017
    TerraForm Power IncUNITED STATESUtilities10/15/2017
    United Continental Holdings IncUNITED STATESIndustrials10/17/2017
    UnitedHealth Group IncUNITED STATESHealth Care10/17/2017
    UltraTech Cement LtdINDIAMaterials10/17/2017
    Vedanta Resources PLCINDIAMaterials10/10/2017
    Wells Fargo & CoUNITED STATESFinancials10/13/2017
    Zardoya Otis SASPAINIndustrials10/10/2017

    Ex Div Stocks last week:

    CompanyCountrySectorReported
    POSCOSOUTH KOREAMaterials9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/28/2017
    Hanon SystemsSOUTH KOREAConsumer Discretionary9/28/2017
    Coway Co LtdSOUTH KOREAConsumer Discretionary9/28/2017
    China Minsheng Banking Corp LtdCHINAFinancials9/18/2017
    Hitachi LtdJAPANInformation Technology9/27/2017
    Toshiba CorpJAPANIndustrials9/27/2017
    Mitsubishi Electric CorpJAPANIndustrials9/27/2017
    Omron CorpJAPANInformation Technology9/27/2017
    FANUC CorpJAPANIndustrials9/27/2017
    Kyocera CorpJAPANInformation Technology9/27/2017
    Nissan Motor Co LtdJAPANConsumer Discretionary9/27/2017
    Toyota Motor CorpJAPANConsumer Discretionary9/27/2017
    Nikon CorpJAPANConsumer Discretionary9/27/2017
    Hoya CorpJAPANHealth Care9/27/2017
    Daiwa Securities Group IncJAPANFinancials9/27/2017
    Nomura Holdings IncJAPANFinancials9/27/2017
    Chugoku Electric Power Co Inc/TheJAPANUtilities9/27/2017
    Agilent Technologies IncUNITED STATESHealth Care10/2/2017
    Astra Agro Lestari Tbk PTINDONESIAConsumer Staples9/28/2017
    Ambev SABRAZILConsumer Staples10/3/2017
    Sistema PJSC FCRUSSIATelecommunication Services10/5/2017
    Astra International Tbk PTINDONESIAConsumer Discretionary9/26/2017
    AvalonBay Communities IncUNITED STATESReal Estate9/28/2017
    Axiata Group BhdMALAYSIATelecommunication Services10/5/2017
    American Express CoUNITED STATESFinancials10/5/2017
    Axis Capital Holdings LtdBERMUDAFinancials9/29/2017
    Banco Bilbao Vizcaya Argentaria SASPAINFinancials10/3/2017
    Bristol-Myers Squibb CoUNITED STATESHealth Care10/5/2017
    Boston Properties IncUNITED STATESReal Estate9/28/2017
    CIMB Group Holdings BhdMALAYSIAFinancials9/26/2017
    Crescent Point Energy CorpCANADAEnergy9/28/2017
    Cisco Systems IncUNITED STATESInformation Technology10/3/2017
    Covanta Holding CorpUNITED STATESIndustrials9/28/2017
    Electricite de France SAFRANCEUtilities10/4/2017
    Equity ResidentialUNITED STATESReal Estate9/22/2017
    Essex Property Trust IncUNITED STATESReal Estate9/28/2017
    Fifth Third BancorpUNITED STATESFinancials9/29/2017
    Host Hotels & Resorts IncUNITED STATESReal Estate9/28/2017
    Itau Unibanco Holding SABRAZILFinancials10/3/2017
    Johnson Controls International plcUNITED STATESIndustrials9/26/2017
    JPMorgan Chase & CoUNITED STATESFinancials10/5/2017
    Mastercard IncUNITED STATESInformation Technology10/5/2017
    Masco CorpUNITED STATESIndustrials10/5/2017
    Malayan Banking BhdMALAYSIAFinancials9/25/2017
    Marvell Technology Group LtdBERMUDAInformation Technology10/2/2017
    Annaly Capital Management IncUNITED STATESFinancials9/28/2017
    Nucor CorpUNITED STATESMaterials9/28/2017
    Novatek PJSCRUSSIAEnergy10/6/2017
    PG&E CorpUNITED STATESUtilities9/28/2017
    Philip Morris International IncUNITED STATESConsumer Staples9/26/2017
    Ralph Lauren CorpUNITED STATESConsumer Discretionary9/28/2017
    Roper Technologies IncUNITED STATESIndustrials10/5/2017
    Rosneft Oil Co PJSCRUSSIAEnergy10/9/2017
    Raytheon CoUNITED STATESIndustrials10/3/2017
    SL Green Realty CorpUNITED STATESReal Estate9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/29/2017
    Staples IncUNITED STATESConsumer Discretionary9/21/2017
    Sistema PJSC FCRUSSIATelecommunication Services10/5/2017
    Severstal PJSCRUSSIAMaterials9/25/2017
    AT&T IncUNITED STATESTelecommunication Services10/5/2017
    UDR IncUNITED STATESReal Estate10/6/2017
    United Tractors Tbk PTINDONESIAEnergy9/28/2017
    US BancorpUNITED STATESFinancials9/28/2017
    Vermilion Energy IncCANADAEnergy9/21/2017
    Zardoya Otis SASPAINIndustrials10/10/2017

    Ex Div Stocks This Week

    CompanyCountrySectorReported
    POSCOSOUTH KOREAMaterials9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/28/2017
    Hanon SystemsSOUTH KOREAConsumer Discretionary9/28/2017
    Coway Co LtdSOUTH KOREAConsumer Discretionary9/28/2017
    Hang Seng Bank LtdHONG KONGFinancials10/17/2017
    China Minsheng Banking Corp LtdCHINAFinancials9/18/2017
    Hitachi LtdJAPANInformation Technology9/27/2017
    Toshiba CorpJAPANIndustrials9/27/2017
    Mitsubishi Electric CorpJAPANIndustrials9/27/2017
    Omron CorpJAPANInformation Technology9/27/2017
    FANUC CorpJAPANIndustrials9/27/2017
    Kyocera CorpJAPANInformation Technology9/27/2017
    Nissan Motor Co LtdJAPANConsumer Discretionary9/27/2017
    Toyota Motor CorpJAPANConsumer Discretionary9/27/2017
    Nikon CorpJAPANConsumer Discretionary9/27/2017
    Hoya CorpJAPANHealth Care9/27/2017
    Daiwa Securities Group IncJAPANFinancials9/27/2017
    Nomura Holdings IncJAPANFinancials9/27/2017
    Chugoku Electric Power Co Inc/TheJAPANUtilities9/27/2017
    Ascendas Real Estate Investment TrustSINGAPOREReal Estate10/17/2017
    Agilent Technologies IncUNITED STATESHealth Care10/2/2017
    Astra Agro Lestari Tbk PTINDONESIAConsumer Staples9/28/2017
    Ambev SABRAZILConsumer Staples10/3/2017
    Abbott LaboratoriesUNITED STATESHealth Care10/12/2017
    Aetna IncUNITED STATESHealth Care10/11/2017
    Sistema PJSC FCRUSSIATelecommunication Services10/5/2017
    Astra International Tbk PTINDONESIAConsumer Discretionary9/26/2017
    AvalonBay Communities IncUNITED STATESReal Estate9/28/2017
    Axiata Group BhdMALAYSIATelecommunication Services10/5/2017
    American Express CoUNITED STATESFinancials10/5/2017
    Axis Capital Holdings LtdBERMUDAFinancials9/29/2017
    Banco Bilbao Vizcaya Argentaria SASPAINFinancials10/3/2017
    Bristol-Myers Squibb CoUNITED STATESHealth Care10/5/2017
    Boston Properties IncUNITED STATESReal Estate9/28/2017
    CCR SABRAZILIndustrials10/11/2017
    Chesapeake Energy CorpUNITED STATESEnergy10/13/2017
    CIMB Group Holdings BhdMALAYSIAFinancials9/26/2017
    ConocoPhillipsUNITED STATESEnergy10/13/2017
    Campbell Soup CoUNITED STATESConsumer Staples10/13/2017
    Crescent Point Energy CorpCANADAEnergy9/28/2017
    Cosan SA Industria e ComercioBRAZILEnergy10/17/2017
    Cisco Systems IncUNITED STATESInformation Technology10/3/2017
    Covanta Holding CorpUNITED STATESIndustrials9/28/2017
    Electricite de France SAFRANCEUtilities10/4/2017
    EOG Resources IncUNITED STATESEnergy10/13/2017
    Equity ResidentialUNITED STATESReal Estate9/22/2017
    Essex Property Trust IncUNITED STATESReal Estate9/28/2017
    Fifth Third BancorpUNITED STATESFinancials9/29/2017
    Host Hotels & Resorts IncUNITED STATESReal Estate9/28/2017
    Itau Unibanco Holding SABRAZILFinancials10/3/2017
    Johnson Controls International plcUNITED STATESIndustrials9/26/2017
    JPMorgan Chase & CoUNITED STATESFinancials10/5/2017
    LSR Group PJSCRUSSIAReal Estate10/16/2017
    Mastercard IncUNITED STATESInformation Technology10/5/2017
    Masco CorpUNITED STATESIndustrials10/5/2017
    Malayan Banking BhdMALAYSIAFinancials9/25/2017
    Mobile TeleSystems PJSCRUSSIATelecommunication Services10/12/2017
    Marsh & McLennan Cos IncUNITED STATESFinancials10/12/2017
    Marvell Technology Group LtdBERMUDAInformation Technology10/2/2017
    Novolipetsk Steel PJSCRUSSIAMaterials10/11/2017
    Annaly Capital Management IncUNITED STATESFinancials9/28/2017
    Nucor CorpUNITED STATESMaterials9/28/2017
    Novatek PJSCRUSSIAEnergy10/6/2017
    PG&E CorpUNITED STATESUtilities9/28/2017
    Patterson Cos IncUNITED STATESHealth Care10/12/2017
    Philip Morris International IncUNITED STATESConsumer Staples9/26/2017
    Ralph Lauren CorpUNITED STATESConsumer Discretionary9/28/2017
    Roper Technologies IncUNITED STATESIndustrials10/5/2017
    Rosneft Oil Co PJSCRUSSIAEnergy10/9/2017
    Raytheon CoUNITED STATESIndustrials10/3/2017
    SL Green Realty CorpUNITED STATESReal Estate9/28/2017
    Samsung Electronics Co LtdSOUTH KOREAInformation Technology9/29/2017
    Staples IncUNITED STATESConsumer Discretionary9/21/2017
    Sistema PJSC FCRUSSIATelecommunication Services10/5/2017
    Severstal PJSCRUSSIAMaterials9/25/2017
    AT&T IncUNITED STATESTelecommunication Services10/5/2017
    UDR IncUNITED STATESReal Estate10/6/2017
    United Tractors Tbk PTINDONESIAEnergy9/28/2017
    US BancorpUNITED STATESFinancials9/28/2017
    Vermilion Energy IncCANADAEnergy9/21/2017
    Yum! Brands IncUNITED STATESConsumer Discretionary10/12/2017
    Zardoya Otis SASPAINIndustrials10/10/2017

    Recent Chart Art

    Russia, Brazil local yields notably tighter. China Eurobonds – wider. India local yields also wider.

    Download file in Power Point    		Brazil, Russia local markets are close to all time high. But in US dollar terms there is still some catch up to do.

    Download file in Power Point    		Spain's MADX has been a short going into referendum

    Download file in Power Point
    Emerging Markets Yields are Just a notch weaker…

    Download file in Power Point    		The YTD Laggards Coming Back

    Download file in Power Point    		Fixed Income Country Focused Bond Funds See Outflows. Regional DBond Funds outflows less or inflows.

    Download file in Power Point
    Zambia yields finish the week as losers

    Download file in Power Point    		Correction on Emerging Markets Local Bonds Markets - stimulated by switch into equities?

    Download file in Power Point    		Europe, CIS and Asia Gold Basket Initial Thoughts and Bunch of Data

    Download file in Power Point

    Recent ML Rural Highlights. Small Towns and Villages

    Vaskoh-Romania
    		Artvin-Turkey
    		Gorishkino-Russia