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October 19, 2017

Best 15 Markets Yesterday

CountryChangePct
DENMARK1.32
AUSTRIA1.11
MAURITIUS1.03
SLOVENIA0.90
HUNGARY0.89
SPAIN0.88
BRAZIL0.87
MOROCCO0.84
JAMAICA0.81
PAKISTAN0.76
MEXICO0.71
OMAN0.70
FRANCE0.68
SWEDEN0.59
GERMANY0.59

Worst 15 Markets Yesterday

CountryChangePct
QATAR-1.39
KAZAKHSTAN-1.30
THAILAND-1.20
GREECE-1.19
UKRAINE-1.14
PHILIPPINES-0.80
INDIA-0.77
ARGENTINA-0.75
INDONESIA-0.70
SAUDI ARABIA DOMESTIC-0.66
KENYA-0.62
BOTSWANA-0.57
TUNISIA-0.55
POLAND-0.49
ROMANIA-0.43

Best 10 Markets YTD

CountryChangePct
ZIMBABWE400.35
GHANA69.77
ARGENTINA65.79
JAMAICA63.14
AUSTRIA50.75
POLAND48.79
CHINA47.90
KOREA39.25
CHILE37.80
HUNGARY36.09

Worst 10 Markets YTD

CountryChangePct
PAKISTAN-24.92
QATAR-20.50
OMAN-13.02
LEBANON-8.76
BOTSWANA-8.73
ISRAEL-5.39
JORDAN-3.20
UKRAINE-2.81
RUSSIA-1.69
SAUDI ARABIA DOMESTIC-1.12

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE459.06
JAMAICA88.32
AUSTRIA56.96
POLAND56.58
GHANA46.24
BULGARIA46.09
HUNGARY43.70
ARGENTINA42.47
KUWAIT41.43
ITALY38.09

Worst 10 Markets Last 12 months

CountryChangePct
EGYPT-30.26
QATAR-20.56
BOTSWANA-18.01
PAKISTAN-13.68
ISRAEL-9.99
OMAN-9.20
LEBANON-6.22
UKRAINE-2.75
TRINIDAD AND TOBAGO-1.48
NEW ZEALAND-0.88

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Venezuela32.270.31
Iraq7.300.17
Morocco3.170.13
Zambia7.420.10
Mexico4.320.09
Kenya6.410.07
Pakistan5.080.06
Costa Rica5.880.04
United States1.030.01
Angola8.070.01
Croatia (Hrvatska)3.090.01
Slovak Republic2.390.00
Vietnam3.670.00
Serbia3.03-0.01
Oman4.68-0.01
Hungary2.92-0.01
Jordan6.33-0.01
Azerbaijan4.64-0.02
Ukraine6.64-0.02
Turkey4.85-0.02
Romania3.31-0.02
Philippines3.23-0.03
Lebanon6.51-0.03
Peru3.96-0.03
Cote D'Ivoire (Ivory Coast)5.99-0.03
Colombia3.89-0.04
Lithuania2.24-0.04
Uruguay3.77-0.05
Jamaica5.56-0.05
Ecuador7.81-0.05
Trinidad and Tobago4.38-0.05
Paraguay5.16-0.05
El Salvador7.32-0.05
Mongolia5.75-0.05
Poland2.56-0.05
Russian Federation3.91-0.05
Nigeria6.81-0.05
Ghana6.56-0.06
Panama3.24-0.06
Tunisia6.16-0.06
Senegal5.88-0.06
Brazil4.53-0.06
Indonesia3.71-0.07
Bolivia4.85-0.07
Ethiopia6.10-0.07
Kazakhstan4.30-0.07
Dominican Republic4.78-0.08
Chile3.57-0.08
Malaysia3.28-0.09
Egypt5.71-0.09
China2.88-0.10
Gabon6.70-0.10
South Africa4.83-0.11
India3.48-0.13
Sri Lanka4.64-0.13
Argentina5.77-0.21

Chart: What is Driving Korean Stocks This Year?

Kospi Index is up 22% YTD, While MSCI Korea is up 39% YTD A bit odd to be in the center of global political risk And post such performance.. What is it the market doesn’t know?

Source: ML

Download file in Power Point
  • Asia Stocks Approach 10-Year Peak, Unfazed by China GDP, Dollar ...
  • Global ADAS and Autonomous Driving Components Market ...
  • South Korea stocks surge, leading Asian market gains
  • Post-crash generation driving Japan's stock market
  • Uncovering Value In South Korea
  • Wednesday saw record highs for major US stock indexes; Dow ...
  • Firstec Co Ltd (010820) Rises 2.79% on Oct 19


    Comment

    Weekly performance is between 2017-10-18 and 2017-10-13

    Best global markets week to date EFM ASIA +0.40%, USA +0.31%, EM (EMERGING MARKETS) +0.09%,

    While worst global markets week to date FM (FRONTIER MARKETS) -0.75%, EM LATIN AMERICA -0.44%, EUROPE -0.43%,
  • US Equities: Room To Run
  • Asian equities take bullish lead from record-setting US stocks
  • Will Emerging Markets Continue To Rally?
  • Not even Mexico can interrupt the emerging markets love-in
  • China's Best Social Media And Internet Stocks
  • China's Giant Ball of Money May Be Headed Back to Stocks
  • European equities fail to take bullish bait from Asia
  • European equities gain around 0.5% today
  • Shale band explains oil price struggle to top $60 a barrel
  • Major Crude Oil Draw Sends Oil Prices Higher
  • Gordon Johnson Calls ArcelorMittal Out On Steel Price 'Manipulation'
  • Iron ore price leaps again
  • Gold Rate Today: Prices Top
  • Gold Price Chart: Find all the latest gold rate chart and news

    Best since the start of the week among various stock markets were ZIMBABWE +2.94%, PAKISTAN +2.73%, JAMAICA +2.50%, DENMARK +1.24%, HONG KONG +0.96%, CHINA +0.84%, AUSTRALIA +0.70%, CHILE +0.67%, AUSTRIA +0.67%, HUNGARY +0.44%,

    While worst since the start of the week among various stock markets were EGYPT -3.23%, QATAR -2.60%, UKRAINE -2.34%, KAZAKHSTAN -2.10%, ARGENTINA -1.84%, KENYA -1.72%, CROATIA -1.64%, ESTONIA -1.52%, TUNISIA -1.51%, NORWAY -1.50%,

    News

    Chose Your Country

    Best 10 Market Since the begining of the week


    ZIMBABWE 2.94%

  • macro bonds quick news
  • 'The president sleeps with one eye open': Mugabe reshuffles as ...
  • 'Zanu PF has unleashed terror'
  • Zimbabwe: Positive Economic Growth Pushes Up Demand for ...
  • Chinese investment spurs economic growth in Africa
  • 'The president sleeps with one eye open': Mugabe reshuffles as ...
  • 'SEZs to drive increased FDI, exports'
  • Zimbabwe: Budget Accountability Necessary for Progress
  • RBZ reschedules debt clearance

    PAKISTAN 2.73%

  • macro strategy bonds quick news
  • US Vice President Mike Pence Thanks Pakistan PM Abbasi For ...
  • Readout of the Vice President's Call with Prime Minister Shahid ...
  • COAS lauds UAE's economic growth
  • FDI jumped 56pc in July-Sept
  • Rural growth for a food secure Pakistan
  • Textile sector losing out
  • Pakistan's new climate strategy hailed as a game changer
  • Clarification by MoF

    Companies that will report Today:
    CompanyCountrySectorReported
    United Bank Ltd/PakistanPAKISTANFinancials10/19/2017

    JAMAICA 2.50%

  • macro bonds quick news
  • Bobby Clarke of NYC's Irie Jam Radio Receives Jamaica's National ...
  • PM Gives Mount Salem Zoso 'B Plus' Grade
  • Briefing | Political stability and corruption control necessary for ...
  • JAMPRO to host BPO investment mission with Nearshore Americas
  • Growth & Jobs | Alphanso Blake - The Professional Artist
  • Briefing | No correlation between exports and the real exchange rate
  • Property tax: what's the problem?
  • Briefing | Climb of Jamaica's foreign currency debt cause for concern

    DENMARK 1.24%

  • macro strategy bonds quick news
  • Denmark Women's World Cup qualifier in Sweden called off in pay ...
  • Brave Bangladeshi girls meet the Danish prime minister
  • Scandinavian economic growth forecasts raised again: Reuters poll
  • African Infrastructure Investment Managers invests in Albatros ...
  • National Context
  • Blue Denmark maintains strong position
  • Danish government aims to control growth, but ally has different ideas
  • Denmark without foreign currency loans for the first time in 183 yrs

    Econ events
    momenteventForecastConsensus
    2017-10-20Retail Sales YoY SEP0.9%
    2017-10-20Retail Sales MoM SEP0.2%
    2017-10-23Consumer Confidence OCT08.?
    2017-10-30Business Confidence OCT2

    HONG KONG 0.96%

  • macro strategy bonds quick news
  • Xi Says China Will Maintain 'Firm Grasp' on Hong Kong, Warns ...
  • What tax grab politicians in Canada could learn from Hong Kong
  • China's Economic Growth Remains Intact as Party Leaders Meet
  • Burger King Japan passing reins to Hong Kong investment fund
  • Burger King Japan passing reins to Hong Kong investment fund
  • Hong Kong trade swells, but focus rests on Fed, protectionism, Brexit
  • Hong Kong budget 2017 as it happened: Paul Chan announces HK ...
  • Mortgages to follow people into retirement

    Econ events
    momenteventForecastConsensus
    2017-10-19Unemployment Rate SEP3.1%
    2017-10-20Business Confidence Q4???.37
    2017-10-23Inflation Rate YoY SEP2%
    2017-10-26Imports YoY SEP
    2017-10-26Exports YoY SEP
    2017-10-26Balance of Trade SEP

    CHINA 0.84%

  • macro strategy bonds quick news
  • China's president just laid out a worrying vision for the world
  • China's Plan to Buy Influence and Undermine Democracy
  • China's Economic Growth Remains Intact as Party Leaders Meet
  • China retail sales edge up as investment growth dips to almost 18 ...
  • Analysis of China's one-child policy sparks uproar
  • China's economic growth stays stable as ruling party meets
  • China keeps 3 percent budget deficit goal for 2017 as debt risks ...
  • China's debt woes need more of the spotlight

    Econ events
    momenteventForecastConsensus
    2017-10-1819th National Congress of the Communist
    2017-10-19Retail Sales YoY SEP10.2%
    2017-10-19Industrial Production YoY SEP6.2%
    2017-10-19GDP Growth Rate YoY Q36.8%
    2017-10-19GDP Growth Rate QoQ Q31.5%
    2017-10-19Fixed Asset Investment (YTD) YoY SEP7.8%
    2017-10-20Export Orders YoY SEP
    2017-10-23Unemployment Rate SEP3.85%
    2017-10-23Retail Sales YoY SEP0.09%
    2017-10-23Industrial Production YoY SEP2.19%
    2017-10-23House Price Index YoY SEP8.2%
    2017-10-24M2 Money Supply YoY SEP
    2017-10-27Consumer Confidence SEP78.34
    2017-10-27Industrial Profits (YTD) YoY SEP
    2017-10-31GDP Growth Rate YoY Adv Q31.9%
    2017-10-31Non Manufacturing PMI OCT54.3
    2017-10-31NBS Manufacturing PMI OCT51.6

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Zhuzhou CRRC Times Electric Co LtdCHINAIndustrials10/18/2017

    AUSTRALIA 0.70%

  • macro strategy bonds quick news
  • Cricket Australia must review its 'behaviours', says ACA president ...
  • Jenny Graves wins Australia's $250000 prime minister's prize for ...
  • IMF slashes Australia's economic growth forecast
  • Australian Dollar Steady As Chinese GDP Hits Forecasts Exactly
  • Could South Australia's population growth fall to zero?
  • Australian citrus exports climb
  • South Australia's budget could be $557 million a year worse off ...
  • Australia's debt levels and housing cost leave it vulnerable, IMF warns

    Econ events
    momenteventForecastConsensus
    2017-10-18Westpac Leading Index MoM SEP0.1%
    2017-10-19RBA Bullock Speech
    2017-10-19Unemployment Rate SEP5.5%
    2017-10-19Part Time Employment Chg SEP9.4K
    2017-10-19Participation Rate SEP65.3%
    2017-10-19Full Time Employment Chg SEP14.4K
    2017-10-19Employment Change SEP23.8K
    2017-10-25Inflation Rate QoQ Q30.4%
    2017-10-25Inflation Rate YoY Q32%
    2017-10-25RBA Weighted Mean CPI QoQ Q3
    2017-10-25RBA Weighted Mean CPI YoY Q3
    2017-10-25RBA Trimmed Mean CPI YoY Q3
    2017-10-25RBA Trimmed Mean CPI QoQ Q3
    2017-10-26Import Prices QoQ Q3
    2017-10-26Export Prices QoQ Q3
    2017-10-27PPI YoY Q31.8%
    2017-10-27PPI QoQ Q3
    2017-10-27HIA New Home Sales MoM SEP
    2017-10-31Private Sector Credit YoY SEP
    2017-10-31Private Sector Credit MoM SEP0.46%
    2017-10-31TD-MI Inflation Gauge MoM OCT

    CHILE 0.67%

  • macro strategy bonds quick news
  • Chile Presidential Hopeful Pinera Vows to Double Economic Growth
  • Track layout unveiled for inaugural Santiago Formula E race
  • Chile Presidential Hopeful Pinera Vows to Double Economic Growth
  • Copper Won't Lead Chile's Investment Recovery
  • World Vehicle Population Rose 4.6% in 2016
  • Chile warms to re-electing billionaire Sebastián Piñera
  • Chile 2018 budget proposal allows for $8.5 bln in debt -document
  • Fitch downgrades Chile debt, following similar S&P move

    Econ events
    momenteventForecastConsensus
    2017-10-20Interest Rate Decision2.5%
    2017-10-24PPI YoY SEP10.44%
    2017-10-30Manufacturing Production YoY SEP1.04%
    2017-10-30Industrial Production YoY SEP-0.48%
    2017-10-30Copper Production YoY SEP
    2017-10-31Unemployment Rate SEP6.6%

    AUSTRIA 0.67%

  • macro strategy bonds quick news
  • Austrian President Tells Kurz to Heed 'European Values' on Coalition
  • Austria is on the verge of electing a 31-year-old. Does his age matter?
  • Austria's Sebastian Kurz leans towards tougher line on migrants
  • Europe's Fastest-Growing Economy Could Be Headed for Trouble
  • Austria shifts to right as conservative star seals election win
  • A More Euroskeptic Austria Is Ready to Rise From Centrist Ashes
  • Austrian central bank cuts GDP growth forecasts for 2016, 2017
  • Austria's increased debt issues to cover costs linked to "bad banks"

    Econ events
    momenteventForecastConsensus
    2017-10-25Industrial Production YoY AUG4.59%
    2017-10-27PPI YoY SEP1%
    2017-10-27PPI MoM SEP
    2017-10-30Consumer Confidence OCT5
    2017-10-30Business Confidence OCT???.14
    2017-10-30Bank Austria Manufacturing PMI OCT61.57
    2017-10-31GDP Growth Rate YoY Flash Q32.6%
    2017-10-31GDP Growth Rate QoQ Flash Q30.5%

    HUNGARY 0.44%

  • macro strategy bonds quick news
  • Hungary holds Soros-founded college in 'legal limbo'
  • Hungary's Government Attacks Journalists in New Soros Smears
  • CEE MARKETS-Crown hits 4-year high, rate hike bets weigh on bonds
  • Wage growth picks up to 2.2pc but continues to lag inflation; FTSE ...
  • Hungarian bravado in savings: Not toeing the CEE line
  • Putin, Hungarian PM discuss new nuclear power plant
  • UPDATE 1-Hungary's 2017 budget to target 2.4 pct/GDP deficit -PM ...
  • CEE MARKETS-Crown hits 4-year high, rate hike bets weigh on bonds

    Worst 10 Market Since Begining of the Week


    EGYPT -3.23%

  • macro strategy bonds quick news
  • Ex-president Sadat's nephew eyes Egypt presidency
  • Population Growth Egypt's 'Biggest Challenge': Prime Minister
  • Egypt growth seen below government forecasts
  • Egypt- Investment Minister signs 8 economic cooperation ...
  • Egypt unemployment rates to rise 3 times if population growth ...
  • Egypt: Agricultural exports record 13.9 Percent growth in 2017
  • Egypt budget deficit to hit 8.8% of GDP in FY 2017/18: World Bank
  • Egypt's Debt Is No Longer EM's Juiciest Amid Rush to Buy

    Econ events
    momenteventForecastConsensus
    2017-10-31M2 Money Supply YoY SEP

    QATAR -2.60%

  • macro strategy bonds quick news
  • Qatar Emir to meet President and PM on first state visit here
  • Singapore and Qatar enhance ties in legal, business areas
  • Qatar's economic growth is sustainable, says Doha Bank CEO
  • UPDATE 1-Qatar Investment Fund to broaden focus into Gulf ...
  • CMU's Qatar campus is sparking startup growth, but some of that ...
  • Qatar's economic growth is sustainable, says Doha Bank CEO
  • Qatar-Kuwait trade set to grow: Doha Bank
  • Qatar debt rating downgraded by S&P as riyal hits 11-year low

    Companies that will report Today:
    CompanyCountrySectorReported
    Commercial Bank QSC/TheQATARFinancials10/19/2017

    UKRAINE -2.34%

  • macro strategy bonds quick news
  • Saakashvili assails Ukraine president at mass Kiev rally
  • Thousands of anti-government protesters rally in Ukraine
  • Chatham House Report: Ukraine still 'fighting for survival as an ...
  • Chatham House Report: Ukraine still 'fighting for survival as an ...
  • Ukraine Reform Monitor: October 2017
  • The Last Hurdle for Ukraine's Recovery
  • Some $200 mln of 'Yanukovych family' to be transferred to state ...
  • No legal arguments favoring reversal of London court decision on ...

    KAZAKHSTAN -2.10%

  • macro strategy bonds quick news
  • Kyrgyz Prime Minister In Kazakhstan For Border Crisis Talks
  • Kyrgyz Prime Minister In Kazakhstan For Border Crisis Talks
  • Kazakhstan sees economic growth
  • State budget's revenues up in Kazakhstan
  • Kazakhstan's population up - Statistics Committee
  • Kazakhstan Starts Higher Exports to China
  • Yes, It's A Naked Travel Agent Ad! Yes, Cue The Inevitable Fury!
  • Kazakhstan Bonds Are Better Than US Treasury's

    Companies that will report Today:
    CompanyCountrySectorReported
    KCell JSCKAZAKHSTANTelecommunication Services10/19/2017

    ARGENTINA -1.84%

  • macro strategy bonds quick news
  • Readout Of President Donald J. Trump's Call With President ...
  • DIARY-Political and General News Events from Oct 18
  • Update: The Economic Scenario ahead of Argentina's Legislative ...
  • Election tests Macri's promise to make Argentina 'normal' again
  • After years of economic woes, Argentina emerging as a market of ...
  • Dairy Exports to Hit $1b
  • Argentina's Budget Predicts 3.5% Economic Growth Next Year
  • Argentina's debt to saviour Messi

    Econ events
    momenteventForecastConsensus
    2017-10-18Leading Indicator MoM SEP2.4%
    2017-10-20Retail Sales YoY AUG12.0%
    2017-10-24Balance of Trade SEP$-450M
    2017-10-25Interest Rate Decision25.75%
    2017-10-26Consumer Confidence OCT49.3
    2017-10-31Industrial Production YoY SEP8.06%

    KENYA -1.72%

  • macro bonds quick news
  • Kenyan election commissioner quits and flees country one week ...
  • Kenyan Election Authority in Disarray a Week Before Repeat Vote
  • Drawn-Out Vote in Kenya Has Increased Risks for Investors, IMF Says
  • Kenya Re ranked most attractive insurance firm for investment
  • With fast-growing youth population, Africa boasts enormous market ...
  • Somalia rises to third top buyer of Kenya goods
  • Kenya's budget estimates expected to hit Kshs 2.5 trillion
  • Kenya's debt to rise to 60pc of GDP in 2018 – Moody's Rating

    CROATIA -1.64%

  • macro bonds quick news
  • Croatian President Starts Official Visit to Russia With Putin Meeting
  • Pope receives Croatian Prime Minister
  • IMF affirms Croatia's 2017 GDP growth forecast, lifts 2018 outlook
  • Rimac Makes TOP 10 Fastest-Growing Tech Companies in Central ...
  • Croatian Pharmaceutical Industry Depends on Generic Drugs
  • Croatian Pharmaceutical Industry Depends on Generic Drugs
  • Croatian lawmakers approve 2017 budget, deficit set at 1.6 pct/GDP
  • Court rules detention for founder of Croatia's biggest firm Agrokor

    ESTONIA -1.52%

  • macro bonds quick news
  • Estonian President Says Russia's Show Of Force Raises Issues Of ...
  • Estonia's former PM Rõivas quits over sexual harassment scandal
  • Survey: Majority of Estonians believe in EU's positive impact
  • Research investment 'not a luxury, but a necessity,' Estonian leader ...
  • Estonian government approves 2018 state budget
  • August exports up eight, imports 12 percent on year
  • Estonia passes 2017 record level budget spending to bolster defense
  • Estonia's 2016 current account surplus was biggest since regaining ...

    TUNISIA -1.51%

  • macro bonds quick news
  • Don't fall for the Tunisian president's fake feminism
  • Tunisia health minister Slim Chaker dies after charity run
  • Tunisian leader says economic success critical to survival
  • Tunisia to Raise Taxes, Curb Wage Growth in 2018 to Fix Finances
  • Africa: Compact With Africa - a Game Changer or Another White ...
  • Mediterranean mood strong spurred by eurozone growth, continued ...
  • Tunisia to Raise Taxes, Curb Wage Growth in 2018 to Fix Finances
  • Debt ratio exceeds alarming level in Tunisia

    NORWAY -1.50%

  • macro strategy bonds quick news
  • Norwegian Pakistani elected vice-president of Norway's national ...
  • Norway to Appoint First Woman Foreign Minister: Reports
  • UPDATE 3-Norway sees growth pick-up, but keeps oil fund ...
  • This pension fund is now worth $1000000000000
  • CORRECTED-UPDATE 1-Norway's new home sales down 34 pct yr ...
  • BC salmon farm value growing rapidly
  • UPDATE 3-Norway sees growth pick-up, but keeps oil fund ...
  • Creditors unite to save Norske Skog

    Econ events
    momenteventForecastConsensus
    2017-10-20Industrial Confidence Q304.?
    2017-10-26Norges Bank Interest Rate Decison0.5%
    2017-10-26Unemployment Rate AUG4.5%
    2017-10-30Retail Sales YoY SEP2.52%
    2017-10-30Retail Sales MoM SEP0.16%
    2017-10-31Loan Growth YoY SEP

    Companies that will report Today:
    CompanyCountrySectorReported
    Yara International ASANORWAYMaterials10/19/2017

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