December 8, 2017

Best 15 Markets Yesterday

Country	ChangePct
TRINIDAD AND TOBAGO	5.38
HUNGARY	2.25
UKRAINE	2.12
NIGERIA	1.63
ARGENTINA	1.60
SLOVENIA	1.56
INDIA	1.33
ISRAEL	1.17
TURKEY	1.04
CHINA	0.82
NEW ZEALAND	0.74
SPAIN	0.73
JAPAN	0.70
ITALY	0.69
KENYA	0.68

Worst 15 Markets Yesterday

Country	ChangePct
PAKISTAN	-3.13
BRAZIL	-2.88
VIETNAM	-2.09
BOTSWANA	-1.87
MAURITIUS	-1.66
BOSNIA AND HERZEGOVINA	-1.65
SOUTH AFRICA	-1.27
RUSSIA	-1.17
ZIMBABWE	-1.06
NORWAY	-0.90
OMAN	-0.82
FINLAND	-0.80
QATAR	-0.77
SWITZERLAND	-0.71
JAMAICA	-0.65

Best 10 Markets YTD

Country	ChangePct
ZIMBABWE	179.72
ARGENTINA	70.00
KAZAKHSTAN	68.57
JAMAICA	66.74
AUSTRIA	50.39
VIETNAM	47.24
CHINA	43.84
POLAND	43.81
KOREA	40.94
NIGERIA	34.30

Worst 10 Markets YTD

Country	ChangePct
PAKISTAN	-30.88
QATAR	-23.36
OMAN	-15.83
BOTSWANA	-12.58
LEBANON	-11.12
ISRAEL	-7.12
RUSSIA	-2.60
UNITED ARAB EMIRATES	-1.38
NEW ZEALAND	-0.82
JORDAN	-0.49

Best 10 Markets Last 12 months

Country	ChangePct
ZIMBABWE	166.54
JAMAICA	71.99
ARGENTINA	69.25
KAZAKHSTAN	67.71
AUSTRIA	48.39
POLAND	45.92
VIETNAM	44.88
CHINA	39.11
KOREA	38.50
NIGERIA	38.48

Worst 10 Markets Last 12 months

Country	ChangePct
PAKISTAN	-25.24
QATAR	-19.43
OMAN	-13.76
BOTSWANA	-13.01
LEBANON	-12.92
ISRAEL	-5.95
NEW ZEALAND	-4.77
SRI LANKA	-2.07
UNITED ARAB EMIRATES	-0.48
UKRAINE	0.74

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

country	Yield	YieldChange
Venezuela	39.20	15.49
Canada	9.27	1.70
Israel	5.05	0.82
Lebanon	7.41	0.52
France	6.43	0.15
United States	5.70	0.00
Bahrain	5.76	-0.03
Qatar	3.58	-0.05
Oman	4.86	-0.07
Korea (South)	3.90	-0.12
China	4.04	-0.21
Pakistan	5.67	-0.25
Philippines	3.25	-0.36
South Africa	5.10	-0.37
Netherlands	4.24	-0.43
Jordan	5.77	-0.48
Thailand	2.98	-0.48
Germany	3.77	-0.57
United Arab Emirates	4.01	-0.61
Chile	4.48	-0.65
Lithuania	2.34	-0.68
Guatemala	4.21	-0.68
Peru	3.52	-0.70
Morocco	3.74	-0.70
Trinidad and Tobago	4.71	-0.70
United Kingdom	4.67	-0.71
Russian Federation	3.81	-0.76
Poland	2.64	-0.77
Turkey	5.25	-0.80
Malaysia	3.40	-0.81
Azerbaijan	4.85	-0.81
Panama	3.53	-0.85
Hungary	3.00	-0.86
Romania	3.32	-0.87
Indonesia	3.82	-0.87
Colombia	4.31	-0.88
Mexico	4.29	-1.00
Cote D'Ivoire (Ivory Coast)	5.63	-1.03
Croatia (Hrvatska)	3.17	-1.06
India	3.95	-1.07
Brazil	5.34	-1.11
Costa Rica	5.83	-1.15
Uruguay	3.66	-1.19
Vietnam	3.53	-1.28
El Salvador	6.59	-1.32
Serbia	3.07	-1.40
Dominican Republic	4.78	-1.52
Kazakhstan	4.17	-1.55
Luxembourg	9.29	-1.65
Sri Lanka	4.79	-1.70
Jamaica	7.03	-1.72
Egypt	4.72	-1.77
Ghana	6.36	-1.98
Ecuador	6.59	-2.03
Argentina	5.78	-2.10
Ukraine	6.52	-2.19

Chart: Kazakhstan, the best investible market this year

holds Global Investment Round Table ...and is on the path to have more luck where its regional neighbors read more on Kazakhstan macro

Source: ML

Download file in Power Point

With Russia And US Talking, Kazakhstan's Back On Washington's ...

Paul MacDonald's Top Picks: September 14, 2017

Daniel Straus' Top Picks: June 29, 2017

Nigeria watchers' crib sheet: economy, militancy and Buhari

Nigeria - Cheapest Currency In Africa

Next's seamless succession plan shows how it should be done

Small Cap Value Report (4 Sep) - BLTG, KNOS, BNN, IQE, BVXP ...

Comment

Weekly performance is between 2017-12-07 and 2017-12-01

Best global markets week to date FM (FRONTIER MARKETS) +0.24%, EUROPE +0.09%, USA-0.24%,

While worst global markets week to date EFM ASIA -1.39%, EM (EMERGING MARKETS) -1.38%, EM LATIN AMERICA -1.35%,

Tech helps power gains for US equities

US Equities and Dollar Offer Slight Rebound Before NFPs While ...

Buoyant emerging markets face a testing 2018

The 5 Best Emerging Markets Stocks for 2018: How to Buy the ...

China stocks in Hong Kong sink to 2-month low

Support Expected For China Stock Market

European equities mark a pause

Europe: A sweet spot for investors

Oil Investors Are Growing Impatient

Hedge Funds Killed The OPEC Rally

Steel market conditions bullish but investors not buying it

AK Steel Upgraded On Expectations Of Higher Steel Prices

Market report: Gold prices tumble to four-month low but the worst ...

Peeking At Future Gold Prices: Invest Now Or Later?

Best since the start of the week among various stock markets were KAZAKHSTAN +8.31%, TRINIDAD AND TOBAGO +6.52%, NIGERIA +4.99%, TURKEY +4.49%, ARGENTINA +3.77%, UKRAINE +2.77%, QATAR +2.72%, INDONESIA +2.18%, JAMAICA +1.89%, IRELAND +1.85%,

While worst since the start of the week among various stock markets were ZIMBABWE -13.66%, PAKISTAN -4.12%, VIETNAM -4.00%, GREECE -3.84%, EGYPT -3.83%, BAHRAIN -3.52%, CHILE -3.44%, BOSNIA AND HERZEGOVINA -3.07%, SOUTH AFRICA -3.06%, TAIWAN -2.61%,

moment	event	Forecast	Consensus
2017-12-14	Balance of Trade AUG
2017-12-14	Balance of Trade JUL
2017-12-14	Balance of Trade SEP
2017-12-15	Inflation Rate YoY NOV	15.80%

Kazakhstan, the best investible market this year Download file in Power Point	Ukraine is either over reporting population or its economy is extremely shady Download file in Power Point	Kazakhstan stocks jump 9% on a day Download file in Power Point
Communist Vietnam – highlighted in November in Stocks Download file in Power Point	GEM Stocks lose 3% in a week on profit taking Download file in Power Point	US Rail Car Producers and Russia’s United Wagon Download file in Power Point
United Wagon a play on Russian Economic Rebound Download file in Power Point	Jamaica Equities Download file in Power Point	What is Driving Korean Stocks This Year? Download file in Power Point

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

moment	event	Forecast	Consensus
2017-12-07	Treasury Cash Balance NOV
2017-12-08	Industrial Production YoY OCT	8.70%
2017-12-08	Retail Sales MoM OCT	0.40%
2017-12-08	Retail Sales YoY OCT	-0.20%
2017-12-11	Current Account OCT	$ -3.3B
2017-12-11	GDP Growth Rate QoQ Q3	1.50%
2017-12-11	GDP Growth Rate YoY Q3	7.50%
2017-12-12	Auto Production YoY NOV
2017-12-14	TCMB Interest Rate Decision	8%
2017-12-14	TCMB Overnight Borrowing Rate DEC	7.25%
2017-12-14	TCMB Overnight Lending Rate	9.25%
2017-12-14	TCMB Late Liquidity Window Rate DEC	12.25%
2017-12-15	Unemployment Rate SEP	11.70%

moment	event	Forecast	Consensus
2017-12-12	Interest Rate Decision	28.75%
2017-12-12	Inflation Rate MoM NOV	1.30%
2017-12-13	Unemployment Rate Q3	8.40%

moment	event	Forecast	Consensus
2017-12-08	Construction Output YoY Q3	10.10%
2017-12-11	Construction PMI NOV	60.29
2017-12-12	Residential Property Prices YoY OCT	13.20%
2017-12-12	Residential Property Prices MoM OCT	0.50%
2017-12-14	Harmonised Inflation Rate MoM NOV	0.20%
2017-12-14	Harmonised Inflation Rate YoY NOV	0.60%
2017-12-14	Inflation Rate MoM NOV	-0.03%
2017-12-14	Inflation Rate YoY NOV	-0.20%
2017-12-15	GDP Growth Rate QoQ Q3	1.40%
2017-12-15	GDP Growth Rate YoY Q3	5.50%
2017-12-15	Current Account Q3	?4.7B
2017-12-15	Balance of Trade OCT

moment	event	Forecast	Consensus
2017-12-07	Mining Production YoY OCT	1.30%
2017-12-07	Mining Production MoM OCT	1.00%
2017-12-07	Gold Production YoY OCT	3.10%
2017-12-07	Foreign Exchange Reserves NOV	$ 49.1B
2017-12-11	Current Account Q3	ZAR -84.6B
2017-12-12	Manufacturing Production MoM OCT	0.18%
2017-12-12	Manufacturing Production YoY OCT	-2.47%
2017-12-13	Retail Sales YoY OCT	1.49%
2017-12-13	Retail Sales MoM OCT	0.26%
2017-12-13	Core Inflation Rate YoY NOV	4.51%
2017-12-13	Inflation Rate MoM NOV	0.45%
2017-12-13	Inflation Rate YoY NOV	4.50%
2017-12-14	PPI MoM NOV
2017-12-14	PPI YoY NOV	5.30%

Best 15 Markets Yesterday

Worst 15 Markets Yesterday

Best 10 Markets YTD

Worst 10 Markets YTD

Best 10 Markets Last 12 months

Worst 10 Markets Last 12 months

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

Chart: Kazakhstan, the best investible market this year

Comment

Chose Your Country

Best 10 Market Since the begining of the week

KAZAKHSTAN 8.31%

TRINIDAD AND TOBAGO 6.52%

NIGERIA 4.99%

TURKEY 4.49%

ARGENTINA 3.77%

UKRAINE 2.77%

QATAR 2.72%

INDONESIA 2.18%

JAMAICA 1.89%

IRELAND 1.85%

Worst 10 Market Since Begining of the Week

ZIMBABWE -13.66%

PAKISTAN -4.12%

VIETNAM -4.00%

GREECE -3.84%

EGYPT -3.83%

BAHRAIN -3.52%

CHILE -3.44%

BOSNIA AND HERZEGOVINA -3.07%

SOUTH AFRICA -3.06%

TAIWAN -2.61%

Latest ML Comics

Recent ML Rural Highlights. Small Towns and Villages