Monthly Strategy June 2015

Table of Contents


China Stance
     China Valuations
     China Top Stock Picks
     China Top Bond Picks
     China Last Month Performance Review

India Stance
     India Valuations
     India Top Stock Picks
     India Top Bond Picks
     India Last Month Performance Review

Brazil Stance
     Brazil Valuations
     Brazil Top Stock Picks
     Brazil Top Bond Picks
     Brazil Last Month Performance Review

Russia Stance
     Russia Valuations
     Russia Top Stock Picks
     Russia Top Bond Picks
     Russia Last Month Performance Review

Turkey Stance
     Turkey Valuations
     Turkey Top Stock Picks
     Turkey Top Bond Picks
     Turkey Last Month Performance Review

South Africa Stance
     South Africa Valuations
     South Africa Top Stock Picks
     South Africa Top Bond Picks
     South Africa Last Month Performance Review

Korea Stance
     Korea Valuations
     Korea Top Stock Picks
     Korea Top Bond Picks
     Korea Last Month Performance Review

countryPub.gif




June is likely to be more like this May - weak. Emerging markets tanked in May according to a known rule. Some countries which had excellent run this year like Russia and China have seen some profit taking. Others like Brazil and Turkey continue weaker helplessly. China stocks, with liberalisation and lower rates creating some positive expectations for stocks, were the only ones supported across the board in May. Elsewhere stocks are weaker and especially they are weaker for commodities exporters like Russia, Brazil and South Africa.

Greek problems again creating turbulence which push dollar higher, creating pressure on liquidity and causing lower commodities prices.

Elsewhere there are no positive surprises unfortunately on global markets. The only unknown positive is the possibility that China could become another origin of a carry trade to borrow in China and to buy assets elsewhere. Supporting this idea was the capital account dynamics in China for the first quarter. However the trade in the other direction from DM into China fixed income should be just as popular, given the levels of rates on the DM

China again looks pretty risky given more news of a slowdown. Liberalisation, that was supposed to increase investment into China, on the other hand initially caused some capital outflow from China straining questioning growth. Still the expectations of portfolio investments inflow should support a positive view on China. We also think that expectations of the positive inflow into debt and later into equity markets will be supported given the negative or almost zero rates in most of the other large economies.

India is on the path to achieve more growth, its Q1 economic growth has been inline and quite upbeat at 7.5%. While inflation has been weak and prices have been falling, providing room for rate cuts. Stocks have paused and ready for another leg of a rally.

Brazil economy falls almost 2% in Q1, posting a second straight decline. Reais is just as weak and rates and inflation looming. Interestingly that Brazil internal economic condition is very much resembles Russia, while Brazil has not been under sanctions and is not anyhow involved in any military standing. It does have some political crisis, but the impact of that crisis is probably exaggerated. Russia, Brazil comparison implies that if investors have been buying Russia YTD. They might as well be just as positive on Brazil if they are any positive on Russia.

Russian stocks came under pressure in May as oil price stagnated and economy has been showing signs of further weakness beyond the trough which originally was thought to pass through in February or March. The special situation trade where investors chased ruble debt has dried up and is likely to tilt to the other side as ruble likely to weaken. Ukraine conflict has became a permanent source of disturbance for Russia and has all chances to continue in one form or the other for another 15 to 20 years in comparison to Azerbaijan and Armenia conflict.

Turkey has been normalising in May with subduing pressure on bonds as well as fairly resistant equity markets. Turkey is one of the few places on the Emerging markets with negative real rates, therefore overall we expect support for equities in Turkey.

Korean market has been fairly good so far this year aided by low rates (S.Korea base rate is at 1.7%) and fairly upbeat economic growth forecast c.3% for 2015, which is good in the year like 2015 as Korea remains one of the few large economies with above 3% growth projection. Our medium term projection for Korean stocks positive but with fairly limited upside.

South Africa alongside Russia and Brazil is going through some rough times, economic growth in Q1 is fairly limited at 2%, unemployment is high, trade gap rising while stocks collapsed in May. Gold stocks have also been doing poorly given the strength of the dollar in May and some correction of gold price. Banks and consumers stocks have been fairly defensive however.













China Performance Snapshot

Index 1 month Ch%YTD Ch%1 year Ch%
SHCOMP:IND 3.8342.5799.99
MSCI China -3.9021.2332.61
MSCI GEM -3.995.01-2.28
MSCI BRIC -4.4610.884.81
MSCI World -0.844.173.08

Indexes YTD performance %
MSCI IndexYTDChange
RUSSIA30.5
HUNGARY28.0
RUSSIA ADR/GDR24.4
CHINA21.2
CHINA A 5020.4
AC ASIA ex JAPAN+CHINA A20.2
EM EASTERN EUROPE19.5
ZHONG HUA18.8
CHINA 5018.4
GOLDEN DRAGON15.9
EM (EMERGING MARKETS)+CHINA A15.8
BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
BRIC WITH BRAZIL ADR13.2
AC FAR EAST12.1
AC ASIA11.6
ACFM ASIA11.5
ASIA APEX 5011.1
BRIC10.9
AC PACIFIC10.2
EM FAR EAST10.1
AC ASIA PACIFIC9.8
AC FAR EAST ex JAPAN9.7
AC FAR EAST ex JAPAN ex HK9.1
EM ASIA9.1
EFM ASIA9.0
AC ASIA ex JAPAN8.9
TAIWAN8.4
AC EUROPE Growth8.1
EM EUROPE8.0
EFM EUROPE + CIS (E+C)7.4
AC PACIFIC ex JAPAN7.1
AC ASIA PACIFIC ex JAPAN6.7
EM 506.7
EAFE + EM6.5
AC PACIFIC ex JAPAN ex HK6.3
ACWI ex USA5.7
EM WITH BRAZIL ADR5.7
EM WITH BRAZIL + INDIA + RUSSIA DR5.6
ACWI FM ex USA5.6
EM EUROPE & MIDDLE EAST5.5
ACFM EUROPE + CIS (E+C)5.4
AC EUROPE5.4
EM (EMERGING MARKETS)5.0
EFM (EMERGING + FRONTIER MARKETS)4.8
PHILIPPINES4.7
KOREA4.6
ACWI ex AUSTRALIA4.3
KUKJE INDEX (ACWI ex Korea)4.2
ACWI WITH BRAZIL ADR4.2
ACWI + FRONTIER MARKETS (ACWI FM)4.2
World4.2
ACWI WITH USA GROSS4.2
ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
ACWI ex EMU4.1
SELECT OECD COUNTRIES3.9
ACWI ex JAPAN3.4
ACWI FM ex JAPAN3.3
AC EUROPE Value2.6
EM EMEA2.2
CHILE2.1
AC AMERICAS2.0
ACFM AMERICA INDEX2.0
EM EASTERN EUROPE ex RUSSIA1.9
INDIA DOMESTIC1.8
EFM EMEA1.3
INDIA1.0
EFM CEEC ex RU0.5
UNITED ARAB EMIRATES DOMESTIC0.3
EMERGING + FRONTIER MARKETS WORKFORCE-0.3
POLAND-0.5
MEXICO-1.4
SOUTH AFRICA-1.4
UNITED ARAB EMIRATES-1.6
EFM AFRICA-2.0
EM LATIN AMERICA ex BRAZIL-2.7
THAILAND-3.0
EM ex ASIA-3.0
EGYPT-3.4
SOUTH EAST ASIA-3.4
CZECH REPUBLIC-3.5
PERU-3.9
EMERGING MARKETS HORIZON-4.6
ANDEAN-5.0
MALAYSIA-5.5
JORDAN + EGYPT + MOROCCO-5.7
EFM AFRICA ex ZA-5.9
INDONESIA-6.6
EM LATIN AMERICA WITH BRAZIL ADR-7.6
EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
EM LATIN AMERICA-8.5
QATAR DOMESTIC-8.8
EFM EUROPE + CIS (E+C) ex RU-8.8
QATAR-10.2
BRAZIL-13.5
BRAZIL ADR-14.9
TURKEY-16.3
COLOMBIA-18.3
GREECE-24.1

Indexes 1m performance %
IndexLastChnge
Nikkei 225 20563.15 5.79
Shanghai Stock Exchange Composite Index 4611.74 3.83
S&P BSE SENSEX Index 27828.44 3.03
Jakarta Stock Exchange Composite Index 5216.38 2.55
S&P 500 Index 2107.39 1.05
Dow Jones Industrial Average 18010.68 0.95
FTSE 100 Index 6984.43 0.34
Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
Korea Stock Exchange KOSPI Index 2114.80 -0.58
Borsa Istanbul 100 Index 82981.15 -1.15
S&P/TSX Composite Index 15014.09 -1.38
Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
Karachi Stock Exchange KSE100 Index 33056.79 -2.00
Hong Kong Hang Seng Index 27424.19 -2.52
FTSE/JSE Africa All Share Index 52270.86 -3.99
MICEX Index 1609.19 -4.69
Russian Depositary Index USD 1175.83 -4.88
Russian Trading System Cash Index 976.48 -5.32
Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

Currencies 1m performance %
TickerLastChnge
USDNZD:CUR 1.4069 6.75
USDCOP:CUR 2532.2700 6.28
USDBRL:CUR 3.1787 5.45
USDPLN:CUR 3.7416 3.99
USDHUF:CUR 281.4600 3.98
USDJPY:CUR 124.1500 3.77
USDAUD:CUR 1.3081 3.20
USDCAD:CUR 1.2454 3.04
USDNOK:CUR 7.7716 2.98
USDTND:CUR 1.9670 2.87
USDKRW:CUR 1108.1900 2.74
USDMYR:CUR 3.6675 2.63
USDRON:CUR 4.0432 2.57
USDRSD:CUR 109.6858 2.42
USDISK:CUR 134.1400 2.26
USDSEK:CUR 8.5188 2.05
USDTHB:CUR 33.7000 2.04
USDLTL:CUR 3.1427 2.02
USDZAR:CUR 12.1525 2.02
USDNAd:CUR 12.1525 2.02
USDNLG:CUR 2.0047 1.96
USDEUR:CUR 0.9098 1.96
USDBGN:CUR 1.7791 1.96
USDDKK:CUR 6.7897 1.96
USDIDR:CUR 13224.0000 1.96
USDHRK:CUR 6.8867 1.93
USDCZK:CUR/td> 24.9598 1.92
USDSGD:CUR 1.3478 1.82
USDMAD:CUR 9.8326 1.73
USDRUB:CUR 52.3405 1.53
USDCRC:CUR 538.1500 1.32
USDVND:CUR 21815.0000 1.00
USDCLP:CUR 617.9500 0.99
USDARS:CUR 8.9915 0.95
USDPEN:CUR 3.1565 0.83
USDCHF:CUR 0.9403 0.75
USDINR:CUR 63.8250 0.63
USDLKR:CUR 134.0000 0.53
USDGBp:CUR 0.6539 0.37
USDKWD:CUR 0.3031 0.36
USDPKR:CUR 102.0000 0.28
USDILs:CUR 3.8704 0.24
USDTWD:CUR 30.6960 0.20
USDMXN:CUR 15.3780 0.12
USDLBP:CUR 1507.5000 0.07
USDHKD:CUR 7.7531 0.03
USDJOD:CUR 0.7085 0.01
USDSAR:CUR 3.7503 0.01
USDOMR:CUR 0.3850 0.00
USDAED:CUR 3.6730 0.00
USDVEF:CUR 6.2921 0.00
USDPAB:CUR 1.0000 0.00
USDTTD:CUR 6.3511 0.00
USDEGP:CUR 7.6238 -0.01
USDQAR:CUR 3.6399 -0.01
USDPHP:CUR 44.5850 -0.01
USDBDT:CUR 77.7750 -0.04
USDCNY:CUR 6.1976 -0.09
USDCNH:CUR 6.2023 -0.10
USDNGN:CUR 198.7500 -0.13
USDTRL:CUR 2663100.0000 -0.37
USDTRY:CUR 2.6629 -0.41
USDUAH:CUR 21.0500 -0.94

Bond rates 1m performance %
countryyield1wk1d1m1y
GREECE10.86%0.63+12-16+498
PORTUGAL2.53%0.45+3+44-104
SPAIN1.83%0.370+37-102
ITALY1.84%0.35-2+34-111
SINGAPORE2.40%0.180+23+23
NETHERLANDS0.67%0.17-5+25-94
NEW ZEALAND3.61%0.17-8+18-62
FRANCE0.79%0.15-4+23-95
GERMANY0.49%0.13-4+20-87
MEXICO (USD)3.48%0.11-1+18+20
UNITED STATES2.12%0.07-1+8-34
HONG KONG1.52%0.07-2+10-29
BRAZIL (USD)4.40%0.050+11+42
AUSTRALIA2.72%0.05-5+8-92
CANADA1.62%0.04-5+4-64
JAPAN0.38%0.04-1+9-18
BRITAIN1.81%-0.02-1-2-73
SWITZERLAND-0.11%-0.09-3-4-77
SOUTH KOREA2.31%-0.11-10-7-101
INDIA7.64%-0.22-1-17-103

Commodities 1m performance %
nameunitsPriceChng
CME LUMBERUSD/TBF274.107.91
TOCOM SILVERJPY/G66.807.57
TOCOM RUBBERJPY/KG239.607.40
JAPANESE YEN SPOTJPY/T OZ.2076.867.19
ICE CANOLACAD/MT472.806.01
EURO SPOTEUR/T OZ.15.245.47
CBOT SOYBEAN OILUSD/LB.33.334.98
ICE COCOAUSD/MT3085.004.83
JAPANESE YEN SPOTJPY/T OZ.147808.134.42
TOCOM GOLDJPY/G4735.004.39
INDIAN RUPEE SPOTINR/T OZ.1068.294.14
CME FEEDER CATTLEUSD/LB.222.953.84
BRITISH POUND SPOTGBP/T OZ.10.953.79
US DOLLAR SPOTUSD/T OZ.16.753.46
COMEX SILVERUSD/T OZ.16.703.28
EURO SPOTEUR/T OZ.1083.042.61
CME LEAN HOGSUSD/LB.83.452.48
TOCOM CRUDE OILJPY/KL49940.001.77
TOCOM KEROSENEJPY/KL63750.001.11
CME LIVE CATTLEUSD/LB.151.281.06
BRITISH POUND SPOTGBP/T OZ.778.471.00
INDIAN RUPEE SPOTINR/T OZ.75940.440.97
CRUDE OIL (WTI)USD/BBL.60.300.92
RBOB GASOLINEUSD/GAL.206.270.87
CBOT WHEATUSD/BU.477.000.74
COMEX GOLDUSD/T OZ.1189.800.66
GOLD SPOTUSD/T OZ.1190.580.64
PALLADIUM SPOTUSD/T OZ.777.35-0.39
ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
ICE ECX EMISSIONSEUR/MT7.36-0.94
NYMEX HEATING OILUSD/GAL.194.97-1.35
ICE GASOILUSD/MT593.50-1.53
CRUDE OIL (BRENT)USD/BBL.65.56-1.75
PLATINUM SPOTUSD/T OZ.1112.37-2.59
LME 3 MONTH TINUSD/MT15600.00-2.65
NYMEX NATURAL GASUSD/MMBTU2.64-2.94
CBOT SOYBEAN MEALUSD/ST305.70-3.14
CBOT CORNUSD/BU.351.50-3.83
CBOT OATSUSD/BU.234.00-3.90
CBOT SOYBEANSUSD/BU.934.00-4.18
CME ETHANOLUSD/GAL.1.52-5.00
LME 3 MONTH COPPERUSD/MT6015.00-5.05
ICE COTTON #2USD/LB.64.35-5.31
COMEX COPPERUSD/LB.272.80-5.34
LME 3 MONTH ZINCUSD/MT2188.00-6.70
CBOT ROUGH RICEUSD/CWT9.51-7.13
ICE COFFEE "C"USD/LB.126.15-8.22
ICE SUGAR #11USD/LB.11.98-9.10
LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

Best Stocks 1m %
stockcountrytickernamestockcurrentch
CH1833:HKIntime Retail Group Co Ltd13.24052.18
CH220:HKUni-President China Holdings Ltd7.67022.33
CH1818:HKZhaojin Mining Industry Co Ltd6.46016.61
CH2899:HKZijin Mining Group Co Ltd3.46015.72
CH1211:HKByd Co Ltd54.50015.59
CH3900:HKGreentown China Holdings Ltd11.10015.15
CH694:HKBeijing Capital International Airport Co9.28012.21
CH2357:HKAviChina Industry & Technology Co Ltd9.85011.68
CH1157:HKZoomlion Heavy Industry Science and Tech5.96010.17
CH2607:HKShanghai Pharmaceuticals Holding Co Ltd25.7006.20

Worst Stocks 1m %
stockcountrytickernamestockcurrentch
CH3333:HKEvergrande Real Estate Group Ltd5.050-31.29
CH2866:HKChina Shipping Container Lines Co Ltd3.550-19.13
CH338:HKSinopec Shanghai Petrochemical Co Ltd3.800-18.98
CH1919:HKChina COSCO Holdings Co Ltd5.820-18.72
CH2333:HKGreat Wall Motor Co Ltd50.050-15.38
CH2007:HKCountry Garden Holdings Co Ltd3.570-15.00
CH6808:HKSun Art Retail Group Ltd6.820-14.64
CH3377:HKSino-Ocean Land Holdings Ltd5.540-14.51
CH3323:HKChina National Building Material Co Ltd8.270-12.39
CH1171:HKYanzhou Coal Mining Co Ltd6.870-11.35

Best Stocks YTD %
stockcountrytickernamestockcurrentch
CH1833:HKIntime Retail Group Co Ltd13.240135.59
CH1055:HKChina Southern Airlines Co Ltd7.950115.45
CH2357:HKAviChina Industry & Technology Co Ltd9.850105.64
CH2727:HKShanghai Electric Group Co Ltd8.17097.82
CH656:HKFosun International Ltd19.98096.65
CH1211:HKByd Co Ltd54.50079.57
CH691:HKChina Shanshui Cement Group Ltd6.29069.09
CH338:HKSinopec Shanghai Petrochemical Co Ltd3.80067.40
CH1818:HKZhaojin Mining Industry Co Ltd6.46065.22
CH3333:HKEvergrande Real Estate Group Ltd5.05060.83

Worst Stocks YTD %
stockcountrytickernamestockcurrentch
CH210:HKDaphne International Holdings Ltd2.250-20.21
CH1088:HKChina Shenhua Energy Co Ltd19.060-16.95
CH460:HKSihuan Pharmaceutical Holdings Group Ltd4.410-15.03
CH151:HKWant Want China Holdings Ltd8.750-14.38
CH6808:HKSun Art Retail Group Ltd6.820-11.54
CH2338:HKWeichai Power Co Ltd28.950-11.47
CH881:HKZhongsheng Group Holdings Ltd6.490-7.29
CH322:HKTingyi Cayman Islands Holding Corp16.460-7.11
CH168:HKTsingtao Brewery Co Ltd49.700-5.51
CH2777:HKGuangzhou R&F Properties Co Ltd9.080-4.32

Sector Performance 1m %
NameSectorch
Consumer Discretionary4.2
Consumer Staples0.5
Health Care0.4
Materials-1.2
Industrials-1.9
Technology-2.6
Utilities-3.7
Financials-4.5
Communications-5.9
Energy-8.0

Sector Performance YTD %
NameSectorch
Materials43.9
Industrials41.6
Technology40.3
Consumer Discretionary39.4
Communications27.2
Financials21.9
Health Care18.9
Utilities11.3
Energy3.4
Consumer Staples-2.9

Table of Contents


China Stance
     China Valuations
     China Top Stock Picks
     China Top Bond Picks
     China Last Month Performance Review

India Stance
     India Valuations
     India Top Stock Picks
     India Top Bond Picks
     India Last Month Performance Review

Brazil Stance
     Brazil Valuations
     Brazil Top Stock Picks
     Brazil Top Bond Picks
     Brazil Last Month Performance Review

Russia Stance
     Russia Valuations
     Russia Top Stock Picks
     Russia Top Bond Picks
     Russia Last Month Performance Review

Turkey Stance
     Turkey Valuations
     Turkey Top Stock Picks
     Turkey Top Bond Picks
     Turkey Last Month Performance Review

South Africa Stance
     South Africa Valuations
     South Africa Top Stock Picks
     South Africa Top Bond Picks
     South Africa Last Month Performance Review

Korea Stance
     Korea Valuations
     Korea Top Stock Picks
     Korea Top Bond Picks
     Korea Last Month Performance Review


















China



Our Stance

China again looks pretty risky given more news of a slowdown. Liberalisation, that was supposed to increase investment into China, on the other hand initially caused some capital outflow from China straining questioning growth. Still the expectations of portfolio investments inflow should support a positive view on China. We also think that expectations of the positive inflow into debt and later into equity markets will be supported given the negative or almost zero rates in most of the other large economies.

Valuations


China Valuations
SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
Financials1849208.451.3410.211.28.812.9
Energy696339.519.3322.310.01.49.7
Industrials359505.29.9822.517.510.210.9
Communications254849.87.0833.822.619.615.6
Consumer Discretionary129607.13.6017.515.418.011.2
Materials117527.93.2614.215.18.929.9
Consumer Staples64980.71.8023.326.113.713.6
Utilities57670.21.6012.313.656.111.9
Technology35419.90.9821.314.912.812.0
Health Care20649.80.5719.627.714.922.6
0.30.000.11.0

Stock Picks for June

CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

China Construction Bank Corp(Long)

6.418.14.96%+46.23%1.21.726.7244,767.63.2
  • China Construction Bank designado como primer Banco ...
  • Central Huijin Sells ICBC, CCB Shares for $565 Million

    • Jiangsu Expressway Co Ltd(Long)

    		14.814.14.51%+26.59%2.15.537.57,222.81.1
  • Jiangsu Expressway Co Upgraded at Zacks (JEXYY)
  • Jiangsu Expressway Co Rating Increased to Buy at Zacks (JEXYY)

    • Chongqing Rural Commercial Bank(Long)

    		6.318.03.96%+93.11%1.11.421.98,326.8-9.2
  • China launches 1 trn yuan stimulus
  • Jump in bad loans sparks sell-off in Chongqing Rural Commercial ...

    • China Merchants Bank Co Ltd(Long)

    		7.519.63.63%+77.21%1.51.721.974,462.10.6
  • China stocks plunge 6.5% after sovereign fund cuts stakes in banks
  • ASIA MARKETS: China Stocks Plunge 6.5% After Sovereign Fund ...

    • Zhuzhou CSR Times Electric Co Ltd(Long)

    		22.124.40.79%+181.81%5.44.721.310,054.6-3.9
  • Dynex Power Announces Significant First Quarter Loss
  • Dynex Power Announces Results for 2014

    • China Petroleum & Chemical Corp(Short)

    		19.05.7-0.28%1.10.21.2148,921.8-5.9
  • Investor Insights on China Petroleum & Chemical Corp (ADR ...
  • China Petroleum & Chemical Corp Given Average ...

    • SOHO China Ltd(Short)

    		25.62.35.73%-4.37%0.63.814.73,951.1-10.2
  • Check Out The Hottest Celeb Pics This Week
  • Sophie Elgort Following in Dad Arthur's Footsteps Behind the Camera

    • Shui On Land Ltd(Short)

    		56.60.82.30%+40.06%0.51.73.02,591.2-2.4
  • Shui On Land shelves Xintiandi spin-off
  • Amid change, LGBT Cubans face lingering challenges

    • PetroChina Co Ltd(Short)

    		23.55.03.52%+5.48%1.20.62.6376,406.6-7.7
  • PetroChina Company Limited Announces Semiannual Dividend of ...
  • PetroChina Company Limited, Sinopec Shanghai Petrochemical ...

    • Yanzhou Coal Mining Co Ltd(Short)

    		48.31.50.35%+17.57%0.70.51.09,664.4-11.4
  • Stock in Motion: Yanzhou Coal Mining Company Limited (NYSE:YZC)
  • Stock Update - Yanzhou Coal Mining Company Limited (NYSE:YZC)

    • Bond Picks

    Souvereign Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    STATE GRID OVERSEAS INVESTMENT (20 RegS 23100.03.13USDMay 22, 20237.053.150.12-0.80
  • BUSINESS IN BRIEF 29/5
    • SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 24106.84.38USDApr 10, 20247.373.500.25-2.00
  • EIA: China Oil Market Overview
    • SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 23106.54.38USDOct 17, 20237.043.500.24-1.90
  • LNG Focus: The dilemma of dealing with Chinese LNG buyers
    • EXPORT-IMPORT BANK OF CHINA RegS 19100.52.50USDJul 31, 20193.952.370.18-0.80
  • The Folly of Ex-Im, Export Promotion Agencies, and Export ...
    • CNOOC CURTIS FUNDING NO 1 PTY LTD RegS 23106.54.50USDOct 3, 20236.983.620.21-1.60
  • APA considers a gas pipeline sell-down

    • Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    CNOOC FINANCE (2012) LTD RegS 42107.25.00USDMay 2, 204214.764.580.20-3.30
  • EIA: China Oil Market Overview
    • SINOPEC GROUP OVERSEAS DEVELOPMENT RegS 23106.64.38USDOct 17, 20237.053.490.26-1.90
  • LNG Focus: The dilemma of dealing with Chinese LNG buyers
    • STATE GRID OVERSEAS INVESTMENT 201 RegS 24106.84.13USDMay 7, 20247.513.270.18-1.40
  • AP sues State Dept. over Clinton e-mails
    • HUARONG FINANCE II CO LTD MTN RegS 20104.04.50USDJan 16, 20204.163.580.14-0.70
  • Moody's assigns (P)Baa1 rating to Huarong Finance II's proposed ...
    • SHIMAO PROPERTY HOLDINGS LIMITED RegS 20102.26.63USDJan 14, 20203.536.03-0.772.45
  • Quality the Key to Unlocking China Property Profits

    • China Last Month Review



    China SHCOMP:IND Index gained 3.83% last month. To finish the month at 4611.74

    MSCI China Index lost-3.90% last month. Its overall up 21.23% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    CNY last month gained 0.09% against US dollar. To finish the month at 6.1976 per USD.

    Sovereign eurobonds are trading with average yield of 3.27% and widened by0.18% last month.

    Corporate eurobonds are trading with average yield of 4.44% and widened by0.16% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in China included Intime Retail Group Co Ltd +52.18%, Uni-President China Holdings Ltd +22.33%, Zhaojin Mining Industry Co Ltd +16.61%, Zijin Mining Group Co Ltd +15.72%, Byd Co Ltd +15.59%, Greentown China Holdings Ltd +15.15%, Beijing Capital International Airport Co +12.21%, AviChina Industry & Technology Co Ltd +11.68%, Zoomlion Heavy Industry Science and Tech +10.17%, Shanghai Pharmaceuticals Holding Co Ltd +6.20%, .

    Worst stocks last month included Evergrande Real Estate Group Ltd -31.29%, China Shipping Container Lines Co Ltd -19.13%, Sinopec Shanghai Petrochemical Co Ltd -18.98%, China COSCO Holdings Co Ltd -18.72%, Great Wall Motor Co Ltd -15.38%, Country Garden Holdings Co Ltd -15.00%, Sun Art Retail Group Ltd -14.64%, Sino-Ocean Land Holdings Ltd -14.51%, China National Building Material Co Ltd -12.39%, Yanzhou Coal Mining Co Ltd -11.35%,

    Best stocks YTD included Intime Retail Group Co Ltd +135.59%, China Southern Airlines Co Ltd +115.45%, AviChina Industry & Technology Co Ltd +105.64%, Shanghai Electric Group Co Ltd +97.82%, Fosun International Ltd +96.65%, Byd Co Ltd +79.57%, China Shanshui Cement Group Ltd +69.09%, Sinopec Shanghai Petrochemical Co Ltd +67.40%, Zhaojin Mining Industry Co Ltd +65.22%, Evergrande Real Estate Group Ltd +60.83%,

    While worst stocks YTD included Daphne International Holdings Ltd -20.21%, China Shenhua Energy Co Ltd -16.95%, Sihuan Pharmaceutical Holdings Group Ltd -15.03%, Want Want China Holdings Ltd -14.38%, Sun Art Retail Group Ltd -11.54%, Weichai Power Co Ltd -11.47%, Zhongsheng Group Holdings Ltd -7.29%, Tingyi Cayman Islands Holding Corp -7.11%, Tsingtao Brewery Co Ltd -5.51%, Guangzhou R&F Properties Co Ltd -4.32%,
    In terms of sector performance last month the best sectors included Consumer Discretionary +4.2%, Consumer Staples +0.5%, Health Care +0.4%,

    While worst sector performance last month showed Energy -8.0%, Communications -5.9%, Financials -4.5%,

    YTD the best sectors remain Materials +43.9%, Industrials +41.6%, Technology +40.3%,
    While the worst sectors are Consumer Staples -2.9%, Energy 3.4%, Utilities 11.3%,

    China currency vs. USD



    Source: Midlincoln

    China SHCOMP:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for China include:


  • Vladimir Putin, Xi Jinping sign infrastructure deals worth billions in ...
  • In China, Taiwan party leader calls for more global access
  • India's Modi meets Xi on China visit amid warming ties
  • Tycoon son of former senior Jiangsu official 'linked to group of fallen ...
  • Chinese Vice President Meets Kenyan Speaker
  • Tycoon son of former senior Jiangsu official 'linked to group of fallen ...
  • China spending $182 BEEELLION on net construction by end of 2017
  • China's telcoms heed premier Li Keqiang's call to slash internet fees
  • Free China of its red-tape shackles: Li Keqiang
  • Chinese Vice Premier Zhang Gaoli Underscores Need for ...
  • China Intensifies Reforms to Push 2015 Growth
  • The Zacks Analyst Blog Highlights: HollySys Automation ...
  • Apple CEO meets with Chinese vice premier in Beijing
  • Foreign Ministry Spokesperson Hong Lei's Regular Press ...
  • Liu Yandong to Visit Bangladesh and Indonesia and Host the First ...
  • Joint Press Availability With Chinese Foreign Minister Wang Yi
  • Chinese Vice Premier stresses flood control
  • New Faces, New Reforms for Big Oil in China
  • New Faces, New Reforms for Big Oil in China
  • Slowly, China Prepares to Raise Retirement Age
  • China's top legislature keeps closer eye on government with inquiries
  • China's consumer inflation holds steady at 1.4 per cent in March
  • Little ground for optimism on Hong Kong electoral reform
  • Hong Kong's Liberal Party pushes for 2017 chief executive vote plan
  • India, China hope to strengthen border mechanism
  • China stresses dialogue in improving international security ...
  • Economic hardship takes heavy toll on Zimbabwe media sector
  • China's Xi says Japan friendship 'worth cherishing'
  • Foreign Ministry Spokesperson Hong Lei's Regular Press ...
  • China hails 40th anniversary of ties with EU
  • China ready for SCO cooperation on law enforcement security
  • China, Turkey join together to fight against terrorism
  • China, Mongolia pledge enhanced security cooperation
  • Malaysia, China To Co-host ARF DiREx From May 24-28
  • Dollar bulls shift course, trim exposure in greenback
  • Pro-establishment camp divided ahead of district council elections
  • Hong Kong chief secretary says electoral reform open to future ...
  • China Steps Up Plans in Achieving World Cup Dream
  • Try out a month of FP All Access » for just
  • Xi Jinping Leaves Beijing for Attendance of Celebrations Marking ...
  • US, China remain at odds over South China Sea activity
  • Xi Jinping leads PLA in Moscow war victory parade
  • Urbanization to boost spending
  • China and Russia step up high-speed rail cooperation
  • Chinese Premier's visit opens the door to greater prosperity
  • MUSLIM RAPE GANGS, TERRORISTS AS 'POP-IDOLS,' AND THE ...
  • Muslim Rape Gangs, Terrorists as 'Pop-Idols,' and the Trafficking of ...
  • The Baltic 'Iron Lady': Putin's solitary foe
  • Shanghai man arrested for making up gunfight story
  • Brokers must up their game as China relaxes rules on A-share trading
  • Manufacturing activity in China drops to 1-year low: HSBC
  • India seeks greater cooperation with China in farm sector
  • China-Brazil Strengthen Agricultural Relations
  • China stance on beef ban welcomed
  • China to dispatch deputy premier-level official to Japan for 1st time ...
  • Ministries to boost senior care programs
  • As ministerial forum opens at Sendai Conference, focus turns to ...
  • Ideological mountain to climb for China-India business
  • Better Together
  • China Liked TPP — Until US Officials Opened Their Mouths
  • Social News 22/5
  • Intracellular nicotinamide adenine dinucleotide promotes TNF ...
  • Suppression of autoimmunity by CD5 + IL-10-producing B cells in ...
  • China teaches top cadres Western ideas despite backlash
  • Billionaire's art expert slams attack on Chinese collectors buying ...
  • EMBA with a twist for China's top communists; party teaches elite ...
  • Is China's Environmental Tide Turning? 4 Things to Watch
  • 19 injured in explosion at chemical plant in China
  • New environmental law may herald dawn for corporate social ...
  • China, Japan to Hold First Finance Minister Talks in 3 Years
  • Chinese province to plug pensions deficit with 3.3 billion yuan of ...
  • China says work on charter for Asian bank completed
  • China 'severely concerned' over arrest of citizen on US spying charges
  • Kerry in Seoul for Talks With S. Korean Leaders
  • China Military Moves into South China Sea Dispute, Solidifying ...
  • China is about to open a terrifying 984-foot-high glass bottom bridge
  • Shanghai down on property tax idea
  • Top Chinese political meetings focus on housing market
  • 72% worry about post-retirement expenses
  • China's Employment in 2015 Arduous: Minister
  • 72% worry about post-retirement expenses
  • 'Made in China 2025' plan unveiled to boost manufacturing to ...
  • Manufacturers in China embrace new industrial revolution
  • Made in China 2025 plan to boost manufacturing unveiled
  • Link between Terror and Organized Crime Worth Attention: UN
  • Chinese Minister of Justice Calls on Union Minister Sadananda ...
  • The Growing Link between Terrorism and Organized Crime Worth ...
  • CNIT Jointly Launched China's First Standardized Real Estate ...
  • PRESS DIGEST -China - Jan 16
  • Tommy Chong On The Drug War: 'We Won, We Totally Won'
  • China, Vietnam ministers hold key discussions
  • Former Australian leader: We're about to see a world with 'two Asias'
  • Government News 18/5
  • Afghanistan, China pledge secure trading environment
  • HK police chief meeting with China security boss a 'danger' sign
  • Rights group: China police use torture despite legal reforms
  • Social News 23/5
  • Long-term soil transplant simulating climate change with latitude ...
  • h+ Media | ALK5 A Single Drug Simultaneously Rejuvenates ...
  • Assassination plot behind Xi's call for loyalty: Boxun
  • CHINA : New intelligence deal with Hanoi
  • Vietnam Party chief meets Chinese Premier, NPC Chairman
  • 'Beautiful reporter' Qin Feng, niece of former foreign minister
  • Gambling haven Macau asked to join international manhunt for ...
  • Macau pledges to support Beijing's crackdown on graft
  • Australian government to spend $50 million on MH370 search in ...
  • MH370 Search Area Now the Size of Pennsylvania
  • Crews searching for missing Malaysia plane find shipwreck
  • Multiple endosymbiont infections and reproductive manipulations in ...
  • Petrochemical Plant Explosion Vaporizes Government Safety ...
  • China Court to Hear NGO Lawsuit Targeting Polluter's Profits
  • Wiley Celebrates Partnership with China at BookExpo America 2015
  • Audit in China Tells of Corruption and Waste in State Agencies
  • China's deepening reform: 'Reconciliation statement' for facilitating ...
  • 'Unfortunate incident' looms large as Vietnam watches US-China ...
  • 'Just who is creating tensions?' Chinese envoy accuses US of ...
  • The South China Sea Showdown: A Tragedy in the Making?
  • UN Marks the 70th Anniversary of World War II
  • China ends Feb. council presidency, looks forward to marking UN's ...
  • Saudi Military Welcomes New UN Resolution on Yemen
  • Committee to get public input needed to end Hong Kong's political ...
  • Hotung vs Hotung: Family feud sees father and son go to war over ...
  • United States congressmen to meet Leung Chun-ying in Hong Kong ...
  • Hong Kong needs to burnish its image, believes Chinese ...
  • Debate chaos reported to cops
  • Rational debate wins the day
  • Hong Kong's civil servants win praise form Vice-President Li ...
  • Raising the retirement age can work for the whole of Hong Kong
  • Civil servants demand 5.1 per cent pay rise
  • Heckled Hong Kong minister Ko Wing-man in slanging match on ...
  • Modi's successor courts Chinese investment for India's Gujarat ...
  • Hong Kong government accused of using appeal in HKTV case to ...
  • Hong Kong electoral reform likely to leave pan-democrats out in the ...
  • CY Leung and Carrie Lam greeted by rowdy protesters as they try to ...
  • Beijing 'fears blank vote plan for 2017 election will spark crisis'
  • Hong Kong experts complain that they lack information when asked ...
  • New property cooling measures will see higher down payments for ...
  • 'King' Arthur Li tipped as Hong Kong's next chief executive
  • A case of the pot calling the kettle black
  • Hong Kong education chief 'risks eroding HKU autonomy' in probe ...
  • Health chief Dr Ko Wing-man still Hong Kong's most popular ...
  • Former HKMEx employees tell how they bought into disgraced boss ...
  • It's not good to talk: Legco president Jasper Tsang puts brakes on ...
  • Government will try to win pan-dems' support for reform 'until last ...
  • Financial Secretary John Tsang unveils HK$34b sweeteners ...
  • Access to cross-border funds will widen product range and expand ...
  • Hong Kong needs to burnish its image, believes Chinese ...
  • Experts appointed to probe faking of census data
  • CY Leung's popularity in his first year lags behind Donald Tsang
  • Don't get burnt on hot money flowing into Hong Kong, investors ...
  • Hong Kong anti-smoking watchdog calls for ban on electronic ...
  • No link between blueberries and hepatitis, government says amid ...
  • No excuses for Hong Kong officials' slow response to flu outbreak ...
  • CY Leung issues parallel trading warning as new controls on ...
  • Hong Kong political reform battle will hit the streets, both camps say
  • Two hit, one fatally, in separate crashes in an hour at same Hong ...
  • Joint border controls proposed for Hong Kong-China rail link raise ...
  • Rail link admin talks progress
  • Saga over Nina Wang's HK$83 billion fortune 'almost at an end'
  • Government agrees more should be done to help needy elderly
  • Govt offers to mediate in Cathay row
  • Abandoned boy, 12, divides opinion in bid for Hong Kong residency
  • Hong Kong Citizens Want Legal Protections for Their Metadata
  • Corrupt mainland drug firms 'fuelling crystal meth scourge', says UN ...
  • Hong Kong Protesters Warned Not to Return After Clashes Disrupt ...
  • Make walking a healthy feature of urban living in Hong Kong
  • Rail link admin talks progress
  • Transport Bureau's responsibility is to curb growth in car numbers: Loh
  • New-series Hong Kong banknotes to get most advanced security ...
  • HKMA eyes new series of banknotes amid rising demand
  • Hong Kong's Exchange Fund says net income rises in Q1 as forex ...
  • 'Occupy bias' accusation unfair to Hong Kong's judges, senior ...
  • Top court rules property mogul's ex-wife has no claim to profits from ...
  • Hong Kong chief justice weighs in for the first time on Beijing white ...
  • Pan-democrats and Beijing loyalists must bury hatchet, Legco chief ...
  • Hospital Authority warns it may not be able to pay staff amid filibuster
  • Committee to get public input needed to end Hong Kong's political ...
  • Police chief must repair the force's tarnished image
  • The Unusual Suspects: issues faced by Hong Kong's new police ...
  • Retiring Hong Kong police chief takes pot shot at protesters
  • 3rd ECAN meeting on corruption, economic crimes held in HK
  • ICAC chief refuses to comment on dropped Paul Chan probe
  • Hong Kong justice chief Rimsky Yuen says outcome of Donald ...
  • Optus admits to huge privacy breaches
  • It's Equal Pay Day, But Men Still Paid More Than Women
  • RIP Leonard Nimoy, Who Became 'Star Trek''s Iconic Spock and ...
  • Is the gaming sector reaching the tipping point for recovery?
  • Audits slams Taipa Central Park´s poor project management
  • Chief Executive: No current plan to re-propose contentious bill
  • SKYSCRAPERS: Two of Macao's landmarks--the Bank of China ...
  • Fiscal spending in H2 to depend on tax revenue: finance minister
  • S. Korea should tackle low birth rate, China risks: finance minister
  • Revenue at Macau casinos falls by a record 23 per cent in October
  • Meet the real-life 'Mad Men' who inspired Don Draper
  • China plans more affordable housing
  • Ma men nổi máu côn đồ, đâm chết người vô tội
  • Những điều cần biết về pin lithium-ion và cách tránh chai pin
  • Plea Deal For TSA Agent Charged With Assaulting Coworker Over ...
  • Veteran Chinese journalist Gao Yu sentenced to 7 years
  • Rolling Up the Welcome Mat
  • Defending Women's Rights in Afghanistan: Lives on the Line
  • Macau LRT's numerous contractors causing difficulties
  • The waiting game
  • Ho Cheong Kei appointed GIT interim co-ordinator
  • Women 'chained up and tortured' in labour camp
  • Erdoğan's comments on gender 'against Constitution'
  • VIDEO: Woman forced out of room after attempting to ask question to ...
  • The MVP Debate: Who's a better scorer, James Harden or Steph ...
  • AP Poll: Kentucky is still unanimous No. 1 as top of the poll is stagnant
  • Marshawn Lynch gets big raise, signs 2-year extension: 3 things to ...
  • SKYSCRAPERS: Two of Macao's landmarks--the Bank of China ...
  • Kwan: city not ready for universal suffrage
  • Justin Trudeau's home break-in: Do party leaders need more security?
  • Why the humble cauliflower packs powerfully nutritious punch
  • A 10 Second Long Stare
  • Firms see bottom line in need to protect privacy
  • Forced disclosure clause in draft insurance bill could kill industry ...
  • Floyd Mayweather says cannabis and betting on 'All Access' were fake

    While some economic events and news headlines include:



    Sunday May 10 2015
    China Cuts Interest Rate to 5.1%
    The People's Bank of China cut its benchmark lending rates by 25 basis points to 5.1 percent on May 10th. It is the third reduction since November prompted by low growth, declining property prices.
    Saturday May 09 2015
    China Inflation Rate Rises to 1.5% in April
    China's annual inflation rate was recorded at 1.5 percent in April of 2015, edging up from 1.4 percent increase in the previous month and slightly below market consensus. The politically sensitive food prices increased by 2.7 percent while non-food cost rose at a slower 0.9 percent.
    Friday May 08 2015
    China Trade Surplus Rises More Than Expected
    China trade surplus widened to USD 34.13 billion in April of 2015 from USD 18.43 billion reported a year earlier, as exports unexpectedly declined and imports fell further.
  • Is China easing losing its mojo?
  • India hungry for rate cut despite economic growth seen outstripping ...
  • China press: China may boost investment to stabilise growth
  • HK's Growth Enterprise Market jumps after China relaxes insurers ...
  • How China used more cement in 3 years than the US did in the ...
  • China's one-child policy proves hard to undo
  • Why Chinese Steel Exports Are Stirring Protests
  • China Export Gains Show Foreign Demand Still Aiding Growth
  • Iron ore price slump increases the Treasurer's budget headaches
  • China Projects 2015 Budget Deficit of 1.62 Trillion Yuan
  • China Expands Social-Security Fund Investments to Local ...

    Companies Reported last month include:



    2015-04-30 China National Building Material Co Ltd
    CH
  • Nepal earthquake: Death toll rises, relief organizations gear up to help
  • ResMed's (RMD) CEO Mick Farrell on Q3 2015 Results -- Earnings ...

    2015-05-13 Sun Art Retail Group Ltd
    CH
  • China: Leading hypermarket saw success in 2014
  • Sun Art Retail's Net Profit Reaches Record High at RMB 1710 ...

    2015-05-13 Tencent Holdings Ltd
    CH
  • Tencent Holdings' (TCEHY) CEO Pony Ma on Q4 2014 Results ...
  • CORRECTED-UPDATE 1-China's Tencent Q4 net income up 51 pct ...

    2015-05-14 Shandong Weigao Group Medical Polymer Co
    CH
  • Shandong Weigao seeks listing for orthopaedic subsidiary
  • China Shares in Hong Kong Halt Five-Day Gain as Oil Shares Fall

    2015-05-15 Zhejiang Expressway Co Ltd
    CH
  • Hong Kong luxury car owners arrested in Shenzhen after hitting ...
  • Shenzhen International Announces 2014 Annual Results, Operating ...

    2015-05-15 Parkson Retail Group Ltd
    CH
  • GLOBAL: Select Results in Brief (Intermarche, Woolworths SA ...
  • Parkson Retail Asia Pte Ltd's Earnings: No Growth in Sight

    2015-05-15 Tingyi Cayman Islands Holding Corp
    CH
  • CORRECTED-China food maker Tingyi 2014 net profit down 2 pct ...
  • CORRECTED-China food maker Tingyi 2014 net profit down 2 pct ...

    2015-05-20 Lenovo Group Ltd
    CH
  • Lenovo to allay security concerns with free McAfee LiveSafe
  • Markets Live: Rio, banks drag shares lower

    Best Stocks Last Month and News


    Intime Retail Group Co Ltd+52.18%
  • Asia Pacific Market: Stocks mixed on doubt over global economic ...
    Uni-President China Holdings Ltd+22.33%
  • Most Emerging Stocks Drop on China Growth Concern, Oil Decline
    Zhaojin Mining Industry Co Ltd+16.61%
  • Zhaojin Mining Industry Co. Ltd.
    Zijin Mining Group Co Ltd+15.72%
  • China-based Zijin Mining Group Completes Private Placement and ...
    Byd Co Ltd+15.59%
  • Buffett-backed Chinese automaker BYD plans up to $1.9 billion ...
    Greentown China Holdings Ltd+15.15%
  • Developer Sunac China signs deals with Greentown China
    Beijing Capital International Airport Co+12.21%
  • Chinese passenger jet flies on oil from sewers
    AviChina Industry & Technology Co Ltd+11.68%
  • SEM DX7 styled by Pininfarina revealed at Auto Shanghai 2015
    Zoomlion Heavy Industry Science and Tech+10.17%
  • China Rivals Vie for State Backing to Buy HP Unit
    Shanghai Pharmaceuticals Holding Co Ltd+6.20%
  • PRESS DIGEST - China - May 18

    Worst Stocks Last Month and News


    Evergrande Real Estate Group Ltd -31.29%
  • Quality the Key to Unlocking China Property Profits
    China Shipping Container Lines Co Ltd -19.13%
  • ASIA MARKETS: Chinese Stocks Rally On State-firm Merger Report
    Sinopec Shanghai Petrochemical Co Ltd -18.98%
  • PetroChina Company Limited, Sinopec Shanghai Petrochemical ...
    China COSCO Holdings Co Ltd -18.72%
  • China Cosco narrows net loss in first quarter
    Great Wall Motor Co Ltd -15.38%
  • Empowerment through mobile technology and co-design
    Country Garden Holdings Co Ltd -15.00%
  • Top Longparish chef appointed as Hampshire food tourism ...
    Sun Art Retail Group Ltd -14.64%
  • LiveMonday May 18 LIVE: News, weather, travel and traffic
    Sino-Ocean Land Holdings Ltd -14.51%
  • Hong Kong stocks fall as China data miss estimates
    China National Building Material Co Ltd -12.39%
  • Peak Resource Constraints Threaten Product Supply
    Yanzhou Coal Mining Co Ltd -11.35%
  • Stock Insights: Yanzhou Coal Mining Company Limited (NYSE:YZC)

    View China Econ Page






    • India Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    SENSEX:IND 3.031.2714.91
    MSCI India 2.720.955.52
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    INBJAUT:INBajaj Auto Ltd2316.1018.86
    INHMCL:INHero MotoCorp Ltd2696.8515.80
    INABNL:INAditya Birla Nuvo Ltd1807.4515.27
    INHCLT:INHCL Technologies Ltd1010.7514.79
    INRCOM:INReliance Communications Ltd68.0512.48
    INWPL:INWockhardt Ltd1446.0012.28
    INBHARTI:INBharti Airtel Ltd425.6011.68
    INUTCEM:INUltratech Cement Ltd2975.3011.35
    INBPCL:INBharat Petroleum Corp Ltd850.1511.17
    INMM:INMahindra & Mahindra Ltd1258.109.88

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    INSHTF:INShriram Transport Finance Co Ltd823.60-15.08
    INJSP:INJindal Steel & Power Ltd119.65-14.29
    INDLFU:INDLF Ltd117.75-13.70
    INJPA:INJaiprakash Associates Ltd18.00-12.62
    INCAIR:INCairn India Ltd192.60-9.77
    INCBK:INCanara Bank343.35-9.25
    INNTPC:INNTPC Ltd136.55-9.15
    INBOI:INBank of India197.20-8.96
    INTATA:INTata Steel Ltd328.50-8.84
    INUT:INUnitech Ltd14.30-7.14

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    INSIEM:INSiemens Ltd1368.6050.29
    INADE:INAdani Enterprises Ltd706.3045.79
    INWPL:INWockhardt Ltd1446.0041.51
    INUNSP:INUnited Spirits Ltd3636.6031.76
    INBPCL:INBharat Petroleum Corp Ltd850.1531.41
    INLPC:INLupin Ltd1833.2527.89
    INBHARTI:INBharti Airtel Ltd425.6020.12
    INSUNP:INSun Pharmaceutical Industries Ltd966.1016.83
    INDABUR:INDabur India Ltd269.8515.00
    INUBBL:INUnited Breweries Ltd953.2514.39

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    INBOB:INBank of Baroda162.60-85.00
    INHCLT:INHCL Technologies Ltd1010.75-37.12
    INBOI:INBank of India197.20-35.30
    INJPA:INJaiprakash Associates Ltd18.00-28.29
    INSHTF:INShriram Transport Finance Co Ltd823.60-25.34
    INCBK:INCanara Bank343.35-23.71
    INJSP:INJindal Steel & Power Ltd119.65-21.80
    INRCAPT:INReliance Capital Ltd395.15-20.72
    INRELI:INReliance Infrastructure Ltd409.35-20.12
    INCAIR:INCairn India Ltd192.60-19.33

    Sector Performance 1m %
    NameSectorch
    Consumer Discretionary7.6
    Technology7.3
    Communications6.7
    Health Care4.9
    Energy3.7
    Consumer Staples2.8
    Industrials2.4
    Utilities-1.6
    Materials-1.6
    Financials-1.9

    Sector Performance YTD %
    NameSectorch
    Health Care15.5
    Industrials13.9
    Consumer Staples10.6
    Energy5.3
    Communications0.1
    Consumer Discretionary-3.9
    Technology-7.6
    Materials-8.0
    Utilities-9.5
    Financials-14.4

    Table of Contents


    China Stance
         China Valuations
         China Top Stock Picks
         China Top Bond Picks
         China Last Month Performance Review

    India Stance
         India Valuations
         India Top Stock Picks
         India Top Bond Picks
         India Last Month Performance Review

    Brazil Stance
         Brazil Valuations
         Brazil Top Stock Picks
         Brazil Top Bond Picks
         Brazil Last Month Performance Review

    Russia Stance
         Russia Valuations
         Russia Top Stock Picks
         Russia Top Bond Picks
         Russia Last Month Performance Review

    Turkey Stance
         Turkey Valuations
         Turkey Top Stock Picks
         Turkey Top Bond Picks
         Turkey Last Month Performance Review

    South Africa Stance
         South Africa Valuations
         South Africa Top Stock Picks
         South Africa Top Bond Picks
         South Africa Last Month Performance Review

    Korea Stance
         Korea Valuations
         Korea Top Stock Picks
         Korea Top Bond Picks
         Korea Last Month Performance Review


















    India



    Our Stance

    India is on the path to achieve more growth, its Q1 economic growth has been inline and quite upbeat at 7.5%. While inflation has been weak and prices have been falling, providing room for rate cuts. Stocks have paused and ready for another leg of a rally.

    Valuations


    India Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Financials189706.320.6515.711.218.712.9
    Energy152195.816.5714.710.08.29.7
    Technology151743.616.5218.214.913.612.0
    Consumer Staples86525.79.4232.926.115.013.6
    Health Care79236.08.6234.627.723.022.6
    Consumer Discretionary58063.76.3215.615.412.211.2
    Industrials51114.05.5628.617.521.210.9
    Materials49080.25.3425.015.117.529.9
    Utilities45933.05.0014.213.62.411.9
    Communications41047.34.4722.822.621.015.6

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

    Power Finance Corp Ltd(Long)

    		6.320.63.19%-4.78%1.31.726.35,529.12.6
  • Power Finance Corporation profit up 10%, sanctions loans more ...
  • Power Finance Corporation Ltd to announce FY15 results on May ...

    • Divis Laboratories Ltd(Long)

    		28.029.41.09%+44.48%8.39.734.53,606.95.6
  • Divis Laboratories Ltd to announce FY15 results on May 23, 2015
  • Divi's Labs Q4 net profit at Rs. 228.9 crore; Sales up 10.4%

    • Lupin Ltd(Long)

    		27.831.10.44%+84.54%8.76.121.912,570.63.4
  • Lupin Ltd reply to clarification sought by the exchange
  • Clarification sought from Lupin Ltd

    • Hindustan Unilever Ltd(Long)

    		40.0116.21.74%+57.09%46.56.015.029,007.11.1
  • Hindustan Unilever Hedge Costs Jump to June High Before Earnings
  • Hindustan Unilever Q4 net up 16.73% at Rs 1018.08 crore

    • Wipro Ltd(Long)

    		15.122.72.13%+16.45%3.43.019.620,967.94.3
  • Zacks Lowers Wipro Limited to Sell (WIT)
  • Wipro Science Education Fellowship Inducts Second Cohort of 61 ...

    • United Spirits Ltd(Short)

    		258.86.9-%+34.15%17.75.01.97,630.89.2
  • Mallya to face the heat as MCA, I-T Dept begin probe of USL books
  • United Spirits - United Spirits Ltd reply to clarification sought by the ...

    • Reliance Power Ltd(Short)

    		15.35.1-%-39.29%0.82.919.12,505.6-6.7
  • Reliance Power Q4 profit rises 3% to Rs276 crore
  • Reliance Power Ltd Q4 consolidated net profit up at Rs. 276.47 crores

    • Bharat Heavy Electricals Ltd(Short)

    		34.94.90.89%-13.48%1.71.54.29,186.85.7
  • Bharat Heavy Electricals Limited
  • BHEL Q4 net declines 52 pc at Rs 888.35 cr

    • Siemens Ltd(Short)

    		0.00.00.43%+51.71%12.44.00.07,641.00.6
  • Siemens bags Rs 55 crore order from Algeria's Sonelgaz Group
  • Clarification sought from Siemens Ltd

    • Larsen & Toubro Ltd(Short)

    		36.011.20.87%+12.08%4.01.85.023,921.71.4
  • Clarification sought from Larsen & Toubro Ltd
  • Larsen & Toubro Ltd reply to clarification sought by the exchange

    • Bond Picks

    Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    RELIANCE HOLDINGS USA INC RegS 22110.05.40USDFeb 14, 20225.653.740.17-1.10
  • LeGras v. AETNA Life Insurance Company
    • BHARTI AIRTEL INTERNATIONAL NETHER RegS 23107.45.13USDMar 11, 20236.444.050.29-2.00
  • Indian Telecom Authority Reveals the Identities of Net Neutrality ...
    • VEDANTA RESOURCES PLC RegS 18104.09.50USDJul 18, 20182.718.03-0.340.90
  • Zinc deficit, falling stocks seen boosting prices
    • ABJA INVESTMENT CO PTE LTD MTN RegS 20102.64.85USDJan 31, 20204.174.270.05-0.20
  • BUSINESS DAY TV: Security industry alarmed over changes to bill
    • STATE BANK OF INDIA/LONDON RegS 19103.23.62USDApr 17, 20193.642.760.15-0.60
  • IT Without Borders: InformationWeek Conference Launches 2015 ...

    • India Last Month Review



    India SENSEX:IND Index gained 3.03% last month. To finish the month at 27828.44

    MSCI India Index gained 2.72% last month. Its overall up 0.95% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    INR last month lost -0.63% against US dollar. To finish the month at 63.8250 per USD.

    Corporate eurobonds are trading with average yield of 4.00% and widened by0.14% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in India included Bajaj Auto Ltd +18.86%, Hero MotoCorp Ltd +15.80%, Aditya Birla Nuvo Ltd +15.27%, HCL Technologies Ltd +14.79%, Reliance Communications Ltd +12.48%, Wockhardt Ltd +12.28%, Bharti Airtel Ltd +11.68%, Ultratech Cement Ltd +11.35%, Bharat Petroleum Corp Ltd +11.17%, Mahindra & Mahindra Ltd +9.88%, .

    Worst stocks last month included Shriram Transport Finance Co Ltd -15.08%, Jindal Steel & Power Ltd -14.29%, DLF Ltd -13.70%, Jaiprakash Associates Ltd -12.62%, Cairn India Ltd -9.77%, Canara Bank -9.25%, NTPC Ltd -9.15%, Bank of India -8.96%, Tata Steel Ltd -8.84%, Unitech Ltd -7.14%,

    Best stocks YTD included Siemens Ltd +50.29%, Adani Enterprises Ltd +45.79%, Wockhardt Ltd +41.51%, United Spirits Ltd +31.76%, Bharat Petroleum Corp Ltd +31.41%, Lupin Ltd +27.89%, Bharti Airtel Ltd +20.12%, Sun Pharmaceutical Industries Ltd +16.83%, Dabur India Ltd +15.00%, United Breweries Ltd +14.39%,

    While worst stocks YTD included Bank of Baroda -85.00%, HCL Technologies Ltd -37.12%, Bank of India -35.30%, Jaiprakash Associates Ltd -28.29%, Shriram Transport Finance Co Ltd -25.34%, Canara Bank -23.71%, Jindal Steel & Power Ltd -21.80%, Reliance Capital Ltd -20.72%, Reliance Infrastructure Ltd -20.12%, Cairn India Ltd -19.33%,
    In terms of sector performance last month the best sectors included Consumer Discretionary +7.6%, Technology +7.3%, Communications +6.7%,

    While worst sector performance last month showed Financials -1.9%, Utilities -1.6%, Materials -1.6%,

    YTD the best sectors remain Health Care +15.5%, Industrials +13.9%, Consumer Staples +10.6%,
    While the worst sectors are Financials -14.4%, Utilities -9.5%, Materials -8.0%,

    India currency vs. USD



    Source: Midlincoln

    India SENSEX:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for India include:


  • Improve Jammu varsity's visibility, says Jitendra
  • Jitendra Singh announces over 50% hike in research fellowship
  • Dr. Jitendra Singh announces hike in fellowship amount to ...
  • PSK to be inaugurated March 31
  • PSK to be inaugurated March 31
  • The Tragedy of 1984: Challenges for a Sikh Journalist
  • Now, Sripad Naik wants 'control' on Goa pub culture
  • Swine flu: Nadda Says Govt Distributes Ayurvedic Medicenes to States
  • PMO turns down 21 proposals for foreign trips by 12 ministers
  • Why Roopa Gangulys will do more harm to BJP than good in Bengal
  • Address minimum wage issue, tea units told
  • Help those in need outside the country too, doctors told
  • C'garh targets geo exploration in 1000 sq km area this year
  • Dream team at work
  • PM Modi empowers you, but also challenges your ingenuity: Piyush ...
  • In Note of Dissent, Minister Maneka Gandhi Warns Against Cuts on ...
  • Exclusive: What Maneka Gandhi told India's finance minister about ...
  • How Maneka Gandhi plans to revamp the National Commission for ...
  • Ganga rejuvenation cannot be modelled on foreign rivers: Uma Bharti
  • Industrial units along Ganga must install real time monitoring before ...
  • Uma Bharti: Minister of Water Resources, River Development and ...
  • 'What is a suit boot sarkar? Should the poor not wear suit-boot ...
  • At least one smart city each for every state, vows Centre
  • Atal Mission for Rejuvenation and Urban Transformation: Ministries ...
  • Campaigning for ADC polls: Jual Oram bats for full autonomy
  • ADC election campaign on in full swing Jual Oram takes pot shots at ...
  • No conflict between environment and tribal ministry: Jual Oram
  • Centre, Assam to form panel for ways to increase mining
  • No plan to shut down Hindustan Copper's Khetri unit,says Narendra ...
  • NMDC in pact to set up ultra mega steel plant in Chhattisgarh
  • Expand base in Punjab, Venkaiah tells BJP workers
  • Mindteck Shows Support Of Samarthanam Trust For The Disabled
  • Venkaiah Naidu to inaugurate BJP's SC Morcha meet in Jalandhar
  • Nitin Gadkari eyes conspiracy behind his name in CAG report on ...
  • #Modi1: Impatient India wants delivery, not intent
  • Falling exports, fiscal deficit under control and Aruna Shanbaug's ...
  • Choppers ferry injured in Nepal; new mudslide hits village
  • Latest from Iran
  • Poor to Face Fallout of Depletion of Natural Resources: Min
  • AAP govt completes 100 days in office, to hold public meet on Monday
  • Farc suspends truce after Colombia army attack
  • Think tanks to play greater role in Beijing's policymaking
  • Iran's Chabahar port to be operational by December 2016: Nitin ...
  • Data nails Gadkari's claim on roads built under UPA-2
  • Government to award road projects worth Rs 3 lakh crore, says Nitin ...
  • MP fixes deadline for MCC to facilitate RUB project at Padil-Bajal
  • #Modi1: New grounds broken, but impatient India wants more
  • One year of Narendra Modi-led government: A look at what these ...
  • '33% qualifying marks for CSAT in civil prelims'
  • Dr. Jitendra Singh reviews working of State GAD departments
  • Govt Accepts CRPF Petition Against Making Operation Details Public
  • Anniversary gifts coming on May 26
  • 'What is a suit boot sarkar? Should the poor not wear suit-boot ...
  • Centre working together with all state Govts: Venkaiah Naidu
  • The Morning Wrap: Home Min Proposes Laws To Make Rioters Pay ...
  • GOI to provide special funding under RD sector for JK
  • #Modi1: New grounds broken, but impatient India wants more
  • Sushma Swaraj co-chairs India-South Africa Joint Ministerial ...
  • LIMIT-LESS: PM Modi's One Year
  • Sushma Swaraj to lead Indian delegation at the International Day of ...
  • ShopClues.com chosen as online partner of Ministry of Minority ...
  • Najma Heptulla alleges political sections spreading false propaganda
  • Muslims feeling alienated since Independence, says Minority Affairs ...
  • Goa asks Centre to allow mine waste dumping outside lease area
  • Centre, Assam to form panel for ways to increase mining
  • Allow ore dumping outside leasehold: Parsekar to Centre
  • Envoys of Italy and Slovenia calls upon MSME Minister today
  • Lakshadweep gets coir SFURTI cluster
  • '653 districts to be identified for ITIs'
  • Asking for help at 80 — America's new faces of hunger
  • Alibaba now sells parallel imported cars on TMall
  • WA Government spent $13m on Collie Urea Plant project 'highly ...
  • Judiciary vs. Modi Government – why we should all be concerned?
  • Promise on transparency not kept
  • Judiciary vs. Modi Government - why we should all be concerned?
  • Unions to protest strongly against proposed labour laws
  • PM`s insurance, pension schemes launched in State
  • Hectic first day at Andal airport
  • Modi government is playing clever politics at the cost of India's ...
  • IIT selection or 'lottery'
  • When no is not an option: Marital rape denies right over her body
  • Modi's 'Team India' spirit must for national development: Naidu
  • Atal Mission for Rejuvenation and Urban Transformation: Ministries ...
  • Cabinet clears 100 Smart City projects
  • Open to Considering Geelani's Fresh Application for Passport: Rajnath
  • Pakistan should help tackle terrorism: Rajnath Singh
  • Will consider Geelani's plea after he completes formalities: Rajnath ...
  • Modi@365: Images that define Narendra Modi's one year in power
  • How green is my car
  • How green is your car?
  • In cabinet rejig, Jaitley gets I&B, Gowda loses railways and ...
  • Radiotherapy for lung cancer comes a step closer
  • Harsh Vardhan shunted to a low profile ministry, may not be BJP CM ...
  • Keeping fingers crossed on bad loans: Arun Jaitley
  • The Hits And Misses Of Arun Jaitley
  • No statehood rights to Delhi unless there is consensus: Arun Jaitley
  • Traffic advisory circualted as work to redevelop Chandni Chowk ...
  • Ghost rider
  • On the wheels of nostalgia
  • India stands shoulder-to-shoulder with Nepal: Sushma Swaraj
  • Tajikistan Foreign Minister calls on Sushma Swaraj
  • Nepal Earthquake: John Kerry Discusses Relief With External Affairs ...
  • Assembly elections: Modi readies BJP to face elections in key states
  • Modi Cabinet: List of ministers with portfolios
  • Live: SIT formed to bring back black money, says Ravi Shankar Prasad
  • Dream team at work
  • No statehood rights to Delhi unless there is consensus: Arun Jaitley
  • Transparency and Decisiveness in Decision Making Its Hallmark ...
  • Rahul meets ex-servicemen on OROP
  • Indian Army Finally Gets A Gun After 30 Years
  • One Rank One Pension and competitive politics
  • Foundation laid for food museum
  • COPRA may get more teeth
  • COPRA to get more teeth, says Paswan
  • Jitan Ram Manjhi may join BJP, says Prasad at Aaj Tak Manthan
  • A year of hope
  • Minister: Stamp on Emperor Ashok soon
  • Civil Aviation Ministry hails Air India for evacuation of Indians from ...
  • Lack of air connectivity cripples tourism industry of Himachal Pradesh
  • As tourist season knocks, Himachal CM asks Centre to resume ...
  • BJP's plan for one-year celebration: 200 big rallies, 5000 public ...
  • BJP govt to hold celebrations on completing one year in office May ...
  • One year of Modi govt: BJP now central pole of Indian politics, says ...
  • Enhanced farm production only way to contain food inflation: Radha ...
  • Agriculture Minister Radha Mohan Singh refutes Rahul Gandhi's ...
  • What's ailing rural India?
  • Terrorism, Deception and India
  • Govt makes it clear: India has not forgotten Pakistan-occupied Kashmir
  • Border issue 'critical' to Indo-China ties says National Security ...
  • Narendra Modi completes one year as Prime Minister: A look at PM ...
  • Prime Minister Narendra Modi gets death threat ahead of Mathura rally
  • China and India: Rivals and Friends?
  • Vice President Confers Pt. Haridutt Sharma Award On Anurradha ...
  • State to embark on Mission Heritage
  • VP Mohammad Hamid Ansari to pay 2-day visit to Bengaluru from ...
  • Kejri - Jung fight: The President must step in to re-define powers
  • Feud Between Arvind Kejriwal and Lieutenant Governor Najeeb ...
  • Prez extends Independence Day greetings to Jordan
  • Minimise use of animals for experiments: Javadekar
  • Javadekar on Conserving Biodiversity for Sustainable Development
  • 'Developed nations must come up with pre-2020 action plans on ...
  • 1 Year of Modi Govt: MIB fast-tracks broadcasting sector, bottlenecks ...
  • PM may expand Cabinet on April 8
  • Cabinet expansion likely on April 8; Mehbooba may get entry
  • PM Modi empowers you, but also challenges your ingenuity: Piyush ...
  • Dream team at work
  • India's Energy Minister discusses opportunities in the Power & Coal ...
  • Oil Minister visiting Mexico and Columbia for India's energy security
  • India Has Emerged As A Modern Refining Hub: Dharmendra Pradhan
  • Rs.1 lakh crore to be invested in hydrocarbon sector
  • RAISINA TATTLE: NITI push for Hindi
  • BJP high command will decide who will be next Haryana CM: Rao ...
  • Government has no plans to scrap Planning Commission: Rao ...
  • Dream team at work
  • PM Modi empowers you, but also challenges your ingenuity: Piyush ...
  • India's Energy Minister discusses opportunities in the Power & Coal ...
  • Improve Jammu varsity's visibility, says Jitendra
  • Dr. Jitendra Singh addresses overseas Space researchers at ...
  • India is now providing navigation and communication facility to ...
  • DG, SAI has recommended 24X7 Helpline for athletes: Min
  • KCC slaps more fines on carriers
  • Korean regulator KCC again fines 3 mobile players over subsidies
  • Efforts to achieve Millennium Development Goals- 2015
  • Winning assembly polls in Haryana is BJP's priority: Rao Inderjit Singh
  • Iraq Crisis Not to Affect Oil Supply to India: Rao Inderjit Singh
  • Centre to set up silk industry in NE
  • Centre admits decline in JK's hand-spun Pashmina production
  • Textile Industry: Delegation meets Textile Minister, Raises Concern ...
  • PM Narendra Modi allocates 'AYUSH' department to Shripad Naik
  • Meet India's New Minister for Yoga, Ayurveda
  • PMO grounded 21 proposals for foreign trips by 12 ministers
  • Canada to supply uranium for India's nuclear plants; PM Modi calls it ...
  • PM Modi returns after concluding successful three-nation tour
  • Joint statement for India-Mongolia strategic partnership
  • Modi government's science and technology initiatives: Bad start, late ...
  • The Narendra Modi government, now in surround sound
  • Joint Statement between the People's Republic of China and the ...
  • Reserve Bank of India's Raghuram Rajan puts rupee convertibility ...
  • RBI wins battle to keep debt management role
  • Praise from RBI Governor Raghuram Rajan as Modi Government ...
  • Bandhgala diplomacy: PM Modi will use personal relationships to ...
  • Tit-for-tat rights jab at US
  • Five takeaways from Narendra Modi's much-hyped trip to Beijing
  • India: UNSC permanent members selective on terrorism
  • Make election of UN secretary-general an open, democratic process ...
  • Day In Pics: April 24, 2015

    While some economic events and news headlines include:



    Friday May 29 2015
    India Economic Growth Accelerates in Q1
    India's GDP advanced 7.5 percent year-on-year in the first quarter of 2015, up from a downwardly revised growth of 6.6 percent in the previous period supported by a strong expansion in manufacturing and services sectors.
    Thursday May 14 2015
    India WPI Deflation Worsens in April
    Indian wholesale prices fell 2.65 percent year-on-year in April of 2015, following a 2.33 percent drop in the previous month, as petrol prices declined further while food cost slowed. The index has been in the negative territory since November 2014.
    Tuesday May 12 2015
    India Consumer Inflation Falls to 5-Month Low
    CPI inflation in India slowed for the second consecutive month to 4.87 percent in April of 2015 from an upwardly revised 5.25 percent in March, dragged down by lower food prices.
  • India hungry for rate cut despite economic growth seen outstripping ...
  • India's Economic Growth Likely Slowed Last Quarter
  • India Headlines: GDP Growth of 7.8%, Foreign Investment Peaking?
  • India's Economic Picture Brighter, but Investment, Structural Reforms ...
  • India's Careful Plan for Growth
  • Kerala to become 'zero population growth' state
  • India holds up Scotch whisky's declining exports
  • Stronger rupee hurting India's exports
  • FM presents revenue surplus Rs 32310 crore budget
  • Column: Looking at the Budget
  • As bad debt bites, Indian banks call for US-type bankruptcy law

    Companies Reported last month include:



    2015-04-30 Shriram Transport Finance Co Ltd
    IN
  • Shriram Transport Finance Company Ltd to consider FY15 results ...
  • Correction time

    2015-05-01 Adani Ports and Special Economic Zone Lt
    IN
  • Buy, Adani Ports, L&T Finance Holdings: Manas Jaiswal
  • Buy, Adani Ports, L&T Finance Holdings: Manas Jaiswal

    2015-05-05 Dabur India Ltd
    IN
  • Dabur India Ltd to announce FY15 results on May 05, 2015
  • Game of numbers

    2015-05-05 Kotak Mahindra Bank Ltd
    IN
  • Kotak Mahindra Bank Ltd to announce FY15 results on May 05, 2015
  • ING Vysya Bank completes merger with Kotak Mahindra Bank

    2015-05-07 Piramal Enterprises Ltd
    IN
  • Piramal Enterprises Ltd to announce FY15 results on May 07, 2015
  • Sensex slips over 250 points, Nifty below 8550; top 12 stocks in focus

    2015-05-07 Titan Industries Ltd
    IN
  • Titan Company Ltd to announce FY15 results on May 07, 2015
  • Game of numbers

    2015-05-07 Hero MotoCorp Ltd
    IN


    2015-05-08 GlaxoSmithKline Consumer Healthcare Ltd
    IN
  • GlaxoSmithkline Consumer Healthcare Ltd to announce FY15 ...
  • 7 Top Dividend Sector Dogs Fetch 24% To 50% April Upsides

    2015-05-08 Hindustan Unilever Ltd
    IN
  • MET sees below normal rains: Here are the sectors, firms likely to be ...
  • Indian Stocks Retreat as Sun Pharma Slumps on Daiichi Stake Sale

    2015-05-08 Jindal Steel & Power Ltd
    IN
  • Live market updates: Sensex closes 155 points lower at 27735.02 ...
  • What to watch out for in markets today

    2015-05-09 Ranbaxy Laboratories Ltd
    IN
  • Daiichi will take a Rs2,450 crore charge on Ranbaxy investment
  • Sun Pharma reverses direction after scaling record high

    2015-05-11 Reliance Capital Ltd
    IN
  • Tremors in the market!
  • Refining margins up: Buy rating for Reliance Industries

    2015-05-11 Reliance Communications Ltd
    IN
  • Tremors in the market!
  • Big Data's big libertarian lie: Facebook, Google and the Silicon ...

    2015-05-11 Bank of Baroda
    IN


    2015-05-12 Dr Reddys Laboratories Ltd
    IN
  • Dr. Reddy's to Release Q3 FY15 Results on January 29, 2015
  • Sensex rallies over 400 points; Nifty hits 8850 as ECB unveils QE

    2015-05-13 Lupin Ltd
    IN
  • Lupin Ltd to announce FY15 results on May 13, 2015
  • North Penn region calendar: Week of May 3

    2015-05-14 Tata Steel Ltd
    IN
  • Cheap imports drag Tata Steel earnings down 69 percent
  • Tata Steel falls as low prices hit profit

    2015-05-15 Bank of India
    IN


    2015-05-15 NTPC Ltd
    IN


    2015-05-15 JSW Steel Ltd
    IN
  • JSW Steel - Q3 results on Jan 30, 2015
  • Daily Market Strategy - Nifty sailing towards 8600!

    2015-05-15 Adani Enterprises Ltd
    IN
  • Adani Enterprises Back In Black In Q2
  • Adani Enterprises posts Q2 net profit of Rs 210 crore

    2015-05-18 Asian Paints Ltd
    IN
  • Asian Paints Ltd to announce Q3 results on Jan 29, 2015
  • Celanese's (CE) CEO Mark Rohr on Q4 2014 Results - Earnings ...

    2015-05-19 Tata Power Co Ltd
    IN
  • Hindalco, JSPL may edge higher after winning coal blocks
  • Pre-Market: Railway Budget, Feb F&O expiry eyed

    2015-05-19 Reliance Power Ltd
    IN
  • @ISSUE: What are lessons learned from charter schools?
  • Reliance Power Q3 profit falls marginally to Rs254.44 crore

    2015-05-19 Reliance Infrastructure Ltd
    IN


    2015-05-20 Aditya Birla Nuvo Ltd
    IN
  • Aditya Birla Nuvo Q3 profit rises 6.62% to Rs 368.14 cr
  • Aditya Birla Nuvo Q3 Net Profit Rises 7%

    2015-05-21 Bajaj Auto Ltd
    IN


    2015-05-21 Zee Entertainment Enterprises Ltd
    IN
  • Zee Entertainment Enterprises Ltd to announce Q2 results on Oct 17 ...
  • Zee Entertainment Q2 Stand-alone Profit Grows 3%

    2015-05-22 Divis Laboratories Ltd
    IN


    2015-05-22 State Bank of India
    IN
  • SBI PO exam 2014 results declared, check on sbi.co.in
  • State Bank of India Profit Jumps 31%

    2015-05-22 ITC Ltd
    IN


    2015-05-26 Wockhardt Ltd
    IN
  • India's Wockhardt says FDA raises new concerns about Waluj plant
  • Captains of healthcare sector hail Union budget

    2015-05-26 Canara Bank
    IN


    2015-05-26 Rural Electrification Corp Ltd
    IN


    2015-05-26 GAIL India Ltd
    IN


    2015-05-27 Power Finance Corp Ltd
    IN


    2015-05-27 Bharat Heavy Electricals Ltd
    IN


    2015-05-28 United Breweries Ltd
    IN


    2015-05-28 Apollo Hospitals Enterprise Ltd
    IN


    2015-05-28 Unitech Ltd
    IN


    2015-05-28 Jaiprakash Associates Ltd
    IN


    2015-05-29 Cipla Ltd/India
    IN


    2015-05-29 Coal India Ltd
    IN
  • BHEL, Coal India results in focus
  • Coal India Q3 net profit at Rs 3262 crore

    2015-05-29 Sun Pharmaceutical Industries Ltd
    IN
  • UPDATE 1-India's Sun Pharma third-quarter profit falls
  • Sun Pharma October-December Profit Down 6.9%

    2015-05-29 Hindalco Industries Ltd
    IN


    2015-05-29 Power Grid Corp of India Ltd
    IN


    2015-05-29 Mahindra & Mahindra Ltd
    IN
  • Mahindra & Mahindra Ltd Q3 net profit up 1%
  • Despite allround sluggishess, small rise in M&M Q3 profit

    2015-05-29 Oil & Natural Gas Corp Ltd
    IN


    2015-05-29 Tata Motors Ltd
    IN
  • Form 6-K TATA MOTORS LTD/FI For: Feb 27
  • Tata Motors slumps as Jaguar sales decline in China

    2015-05-29 Larsen & Toubro Ltd
    IN
  • Larsen & Toubro dips 7% post Q3 results
  • Larsen and Toubro Q3 net profit rises 9% at Rs. 867 crore

    2015-05-29 DLF Ltd
    IN
  • DLF picks banks to advise on cash-raising push
  • DLF to sell properties worth Rs15,000 crore in various projects

    2015-05-29 Bharat Petroleum Corp Ltd
    IN

    Best Stocks Last Month and News


    Bajaj Auto Ltd+18.86%
  • Buy Bajaj Auto with a target of Rs 2180: Sandeep Wagle
    Hero MotoCorp Ltd+15.80%
  • Hero MotoCorp Limited
    Aditya Birla Nuvo Ltd+15.27%
  • Aditya Birla Nuvo net profit rises 88.28% to Rs 331.63 cr
    HCL Technologies Ltd+14.79%
  • HCL Tech shares surge nearly 2%
    Reliance Communications Ltd+12.48%
  • Reliance Comm in talks to buy Sistema India unit
    Wockhardt Ltd+12.28%
  • Wockhardt recalls 93K bottles of Captopril tablets from US
    Bharti Airtel Ltd+11.68%
  • Clarification sought from Bharti Airtel Ltd
    Ultratech Cement Ltd+11.35%
  • Buy UltraTech Cement with a target of Rs 2900: Ashwani Gujral
    Bharat Petroleum Corp Ltd+11.17%
  • Oil firms seek storag

    View India Econ Page






    • Brazil Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    IBOV:IND -6.175.512.97
    MSCI Brazil -11.48-13.47-30.29
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    BZOIBR4:BZOi SA7.07025.13
    BZARTR3:BZArteris SA9.88020.49
    BZMPLU3:BZMultiplus SA38.06013.61
    BZSUZB5:BZSuzano Papel e Celulose SA16.68010.46
    BZHYPE3:BZHypermarcas SA21.7609.46
    BZODPV3:BZOdontoprev SA11.3107.71
    BZWEGE3:BZWEG SA17.2107.23
    BZTOTS3:BZTotvs SA37.3007.15
    BZKLBN4:BZKlabin SA3.8705.74
    BZELET6:BZCentrais Eletricas Brasileiras SA9.3205.31

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    BZHGTX3:BZCia Hering12.900-26.33
    BZCSNA3:BZCia Siderurgica Nacional SA6.160-23.67
    BZQUAL3:BZQualicorp SA19.000-23.39
    BZGOAU4:BZMetalurgica Gerdau SA7.800-20.73
    BZECOR3:BZEcoRodovias Infraestrutura e Logistica S7.250-18.26
    BZITSA4:BZItausa - Investimentos Itau SA8.820-16.87
    BZCSAN3:BZCosan SA Industria e Comercio25.160-14.71
    BZBRSR6:BZBanco do Estado do Rio Grande do Sul SA9.980-14.63
    BZBBAS3:BZBanco do Brasil SA22.740-14.58
    BZUSIM5:BZUsinas Siderurgicas de Minas Gerais SA5.100-14.57

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    BZSUZB5:BZSuzano Papel e Celulose SA16.68048.27
    BZRADL3:BZRaia Drogasil SA35.62040.51
    BZLREN3:BZLojas Renner SA107.05039.99
    BZJBSS3:BZJBS SA15.60039.29
    BZPETR3:BZPetroleo Brasileiro SA13.25038.16
    BZFIBR3:BZFibria Celulose SA43.74034.54
    BZKLBN4:BZKlabin SA3.87034.38
    BZUGPA3:BZUltrapar Participacoes SA68.64033.41
    BZHYPE3:BZHypermarcas SA21.76030.69
    BZCRUZ3:BZSouza Cruz SA24.30025.78

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    BZPCAR4:BZCia Brasileira de Distribuicao Grupo Pao85.650-999.99
    BZWEGE3:BZWEG SA17.210-43.76
    BZCSMG3:BZCia de Saneamento de Minas Gerais-COPASA15.760-37.41
    BZHGTX3:BZCia Hering12.900-36.30
    BZECOR3:BZEcoRodovias Infraestrutura e Logistica S7.250-31.99
    BZQUAL3:BZQualicorp SA19.000-31.65
    BZBRSR6:BZBanco do Estado do Rio Grande do Sul SA9.980-31.17
    BZGOAU4:BZMetalurgica Gerdau SA7.800-30.97
    BZKROT3:BZKroton Educacional SA11.430-26.26
    BZCESP6:BZCia Energetica de Sao Paulo19.790-26.18

    Sector Performance 1m %
    NameSectorch
    Technology7.2
    Communications4.1
    Health Care3.2
    Industrials0.8
    Consumer Staples-1.3
    Utilities-3.2
    Consumer Discretionary-5.1
    Materials-6.8
    Energy-7.1
    Financials-7.6

    Sector Performance YTD %
    NameSectorch
    Energy20.5
    Health Care15.7
    Technology6.6
    Materials3.7
    Utilities-1.3
    Financials-2.6
    Consumer Discretionary-7.9
    Communications-14.1
    Industrials-19.6
    Consumer Staples-1177.7

    Table of Contents


    China Stance
         China Valuations
         China Top Stock Picks
         China Top Bond Picks
         China Last Month Performance Review

    India Stance
         India Valuations
         India Top Stock Picks
         India Top Bond Picks
         India Last Month Performance Review

    Brazil Stance
         Brazil Valuations
         Brazil Top Stock Picks
         Brazil Top Bond Picks
         Brazil Last Month Performance Review

    Russia Stance
         Russia Valuations
         Russia Top Stock Picks
         Russia Top Bond Picks
         Russia Last Month Performance Review

    Turkey Stance
         Turkey Valuations
         Turkey Top Stock Picks
         Turkey Top Bond Picks
         Turkey Last Month Performance Review

    South Africa Stance
         South Africa Valuations
         South Africa Top Stock Picks
         South Africa Top Bond Picks
         South Africa Last Month Performance Review

    Korea Stance
         Korea Valuations
         Korea Top Stock Picks
         Korea Top Bond Picks
         Korea Last Month Performance Review


















    Brazil



    Our Stance

    Brazil economy falls almost 2% in Q1, posting a second straight decline. Reais is just as weak and rates and inflation looming. Interestingly that Brazil internal economic condition is very much resembles Russia, while Brazil has not been under sanctions and is not anyhow involved in any military standing. It does have some political crisis, but the impact of that crisis is probably exaggerated. Russia, Brazil comparison implies that if investors have been buying Russia YTD. They might as well be just as positive on Brazil if they are any positive on Russia.

    Valuations


    Brazil Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Financials314428.641.1311.211.213.012.9
    Energy135650.117.7513.010.01.89.7
    Consumer Staples58886.37.7020.026.127.113.6
    Utilities40293.25.2712.413.612.011.9
    Materials38039.34.9822.015.125.129.9
    Consumer Discretionary35585.94.6620.315.425.211.2
    Communications32601.84.2614.222.65.115.6
    Industrials26671.23.4919.817.513.810.9
    Health Care7624.31.0020.627.718.922.6
    Technology1887.60.2518.014.920.012.0

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

    Souza Cruz SA(Long)

    		21.488.75.15%+12.40%19.06.027.813,943.4-11.6
  • BAT Bids $3.5 Billion for Rest of Brazilian Souza Cruz Unit
  • BAT lowers Souza Cruz buyout offer for second time on payout

    • AES Tiete SA(Long)

    		12.335.31.91%+15.14%4.32.217.62,004.6-1.7
  • Moody´s confirms AES Tiete's ratings; changes outlook to negative
  • AES Tiete's (AESAY) CEO Britaldo Soares on Q1 2015 Results ...

    • Cielo SA(Long)

    		21.671.91.81%+28.21%15.59.342.926,248.9-4.6
  • Cielo S A Downgraded to Hold at Zacks (CIOXY)
  • Penny Stocks Intraday Alert - Cielo S A (CIOXY), Telstra Corporation ...

    • Multiplus SA(Long)

    		17.2177.15.49%+43.75%30.43.520.71,803.013.6
  • LATAM Airlines Group S.A. Announces Proposed Offering Of Senior ...
  • LATAM Airlines Group and its affiliated carriers select Sabre ...

    • BB Seguridade Participacoes SA(Long)

    		18.049.44.58%+31.36%8.928.3157.223,387.0-5.4
  • UPDATE 1-Brazil's BB Seguridade expects strong quarter, may ...
  • Barings' Struggling Emerging-Market Portfolio Gets Overhaul

    • Gerdau SA(Short)

    		18.92.42.98%-29.44%0.50.42.05,305.0-13.7
  • Gerdau SA (ADR) (NYSE:GGB) near 52-week low, short interest ...
  • Three NYSE Stocks Suffer 12-Month Lows: Gerdau SA (ADR)(NYSE ...

    • Suzano Papel e Celulose SA(Short)

    		38.54.50.93%+96.70%1.72.15.45,548.810.5
  • Penny Stocks on the Run - Suzano Papel e Celulose (SUZBY ...
  • Moody's assigns a Ba2/Aa2.br rating to Suzano's proposed BRL 500 ...

    • Cia Paranaense de Energia(Short)

    		14.34.72.70%+10.15%0.70.64.32,548.5-3.4
  • 3 Valuable High Dividend Yield Stocks - Companhia Paranaense de ...
  • Stock Technical Report on Cia Paranaense de Energia (ADR ...

    • Fibria Celulose SA(Short)

    		53.53.10.64%+105.30%1.73.15.87,763.73.5
  • Stock Watchlist: Fibria Celulose S.A. (NYSE:FBR)
  • Fibria Celulose SA (FBR) Catches Eye: Stock Up 5.2%

    • Cosan SA Industria e Comercio(Short)

    		14.39.01.11%-13.41%1.31.410.03,985.0-14.7
  • Cosan Limited Price Target Update
  • Novvi Launches First-Ever 100 Percent Renewable Oils

    • Bond Picks

    Souvereign Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    BRAZIL FEDERATIVE REPUBLIC OF (GO 2599.254.25USDJan 7, 20257.754.350.16-1.25
  • Brazil Launches New Latin American Co-Prod Fund
    • BRAZIL (FEDERATIVE REPUBLIC OF) 21106.84.88USDJan 22, 20214.923.530.06-0.40
  • Battle over ownership of giant emerald may be over
    • BRAZIL (FEDERATIVE REPUBLIC OF) 4594.135.00USDJan 27, 204514.305.400.22-3.12
  • Think you know which countries have the most female MPs? Think ...
    • BRAZIL (FEDERATIVE REPUBLIC OF) 37121.37.13USDJan 20, 203711.575.430.17-2.70
  • Think you know which countries have the most female MPs? Think ...
    • BRAZIL (FEDERATIVE REPUBLIC OF) 19111.85.88USDJan 15, 20193.282.45-0.100.10
  • Brazil Launches New Latin American Co-Prod Fund

    • Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    PETROBRAS GLOBAL FINANCE BV 2389.674.38USDMay 20, 20236.666.020.25-1.44
  • Computer Modelling Group Announces Year End Results
    • JBS INVESTMENTS GMBH RegS 24109.07.25USDApr 3, 20245.105.56-1.004.60
  • Sanctions round-up: third quarter 2014
    • BANCO DO BRASIL (GRAND CAYMAN BRAN RegS 23100.85.88USDJan 19, 20236.085.830.28-1.70
  • Aceros Arequipa to begin annual wage accord negotiations
    • BRASKEM FINANCE LTD RegS 21101.05.75USDApr 15, 20215.015.61-0.281.28
  • 4 Minutes with…David Glass, principal, D. Glass Associates
    • ITAU UNIBANCO HOLDING SA MTN RegS 23100.05.13USDMay 13, 20236.575.170.27-1.70
  • Four themes for the future of banking

    • Local Currency Bonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    BRAZIL, FEDERATIVE REPUBLIC OF (GO 17266.30.00BRLJan 1, 20171.5213.430.16-11.40
  • Nike 'cooperating' in FIFA investigation
    • BRAZIL (FEDERATIVE REPUBLIC OF) 16301.50.00BRLJan 1, 20160.5813.670.14-12.70
  • Buhari Makes History, Becomes First Nigerian President From ...
    • BRAZIL FEDERATIVE REPUBLIC OF 18306.710.00BRLJan 1, 20182.1412.96-0.07-14.40
  • NBA Suspends Amaechi's Attorney-General
    • BRAZIL, FEDERATIVE REPUBLIC OF (GO 16283.00.00BRLJul 1, 20161.0413.720.29-12.30
  • Does Brazil's new speaker of the lower house want the government ...
    • BRAZIL, FEDERATIVE REPUBLIC OF (GO 23290.510.00BRLJan 1, 20234.9112.40-0.19-11.50
  • For Female Jihadis, Syria Is A Journey Of No Return

    • Brazil Last Month Review



    Brazil IBOV:IND Index lost-6.17% last month. To finish the month at 52760.48

    MSCI Brazil Index lost-11.48% last month. Its overall down -13.47% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    BRL last month lost -5.45% against US dollar. To finish the month at 3.1787 per USD.

    Sovereign eurobonds are trading with average yield of 4.20% and tightened by -0.00% last month.

    Corporate eurobonds are trading with average yield of 5.56% and widened by0.04% last month.

    Local currency bonds are trading with average yield of 12.37% and widened by0.11% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in Brazil included Oi SA +25.13%, Arteris SA +20.49%, Multiplus SA +13.61%, Suzano Papel e Celulose SA +10.46%, Hypermarcas SA +9.46%, Odontoprev SA +7.71%, WEG SA +7.23%, Totvs SA +7.15%, Klabin SA +5.74%, Centrais Eletricas Brasileiras SA +5.31%, .

    Worst stocks last month included Cia Hering -26.33%, Cia Siderurgica Nacional SA -23.67%, Qualicorp SA -23.39%, Metalurgica Gerdau SA -20.73%, EcoRodovias Infraestrutura e Logistica S -18.26%, Itausa - Investimentos Itau SA -16.87%, Cosan SA Industria e Comercio -14.71%, Banco do Estado do Rio Grande do Sul SA -14.63%, Banco do Brasil SA -14.58%, Usinas Siderurgicas de Minas Gerais SA -14.57%,

    Best stocks YTD included Suzano Papel e Celulose SA +48.27%, Raia Drogasil SA +40.51%, Lojas Renner SA +39.99%, JBS SA +39.29%, Petroleo Brasileiro SA +38.16%, Fibria Celulose SA +34.54%, Klabin SA +34.38%, Ultrapar Participacoes SA +33.41%, Hypermarcas SA +30.69%, Souza Cruz SA +25.78%,

    While worst stocks YTD included Cia Brasileira de Distribuicao Grupo Pao -999.99%, WEG SA -43.76%, Cia de Saneamento de Minas Gerais-COPASA -37.41%, Cia Hering -36.30%, EcoRodovias Infraestrutura e Logistica S -31.99%, Qualicorp SA -31.65%, Banco do Estado do Rio Grande do Sul SA -31.17%, Metalurgica Gerdau SA -30.97%, Kroton Educacional SA -26.26%, Cia Energetica de Sao Paulo -26.18%,
    In terms of sector performance last month the best sectors included Technology +7.2%, Communications +4.1%, Health Care +3.2%,

    While worst sector performance last month showed Financials -7.6%, Energy -7.1%, Materials -6.8%,

    YTD the best sectors remain Energy +20.5%, Health Care +15.7%, Technology +6.6%,
    While the worst sectors are Consumer Staples -1177.7%, Industrials -19.6%, Communications -14.1%,

    Brazil currency vs. USD



    Source: Midlincoln

    Brazil IBOV:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for Brazil include:


  • Chinese Premier Li, Brazilian President Rousseff Sign $27 Billion ...
  • Brazil's Economic Downturn, Corruption Scandals Shake Leader
  • President Rousseff to face criminal complaint over 'cosmetic ...
  • Brazil's political system broken, says former president
  • Brazil to cut spending by up to $26.5 bn, minister says
  • Brazil's Economic Downturn, Corruption Scandals Shake Leader
  • Brazil Defense Minister Resigns as Comments Rattle Rousseff
  • Brazil ETFs on Roller Coaster Ride Ahead of Elections - ETF News ...
  • Posse do Conselho de Igualdade Racial
  • This day in history
  • Matching Up To The World Cup, Protests And Strikes Hit Brazil
  • Boivin: Steve Nash's career a good example for young athletes
  • Chelsea get Shrewsbury in Capital One Cup draw... Jose Mourinho ...
  • Gitane Du Berlais continues impressive run with eight-length victory ...
  • Brazil's Rousseff Races to Contain Congressional Revolt Over ...
  • Brazilian Minister Addresses Sustainable Water Use in Agriculture
  • Sabesp approves US$319mn river transposition tender
  • Mexico's gasoline imports surpass domestic production
  • Negromonte e Ciro Nogueira faziam distribuição de propina no PP ...
  • Coming into her own
  • Syrian rebels issue demands for captive UN troops; want their ...
  • Joint committee approves water bill amid privatization claims
  • Sabesp could cut São Paulo water supply 5 days a week
  • First Quantum plans busy year at Cobre Panamá despite capex cut
  • Registros fotográficos da vida do índio
  • Prefeitura e Três AAA celebram avanços
  • 4 Brazilian cabinet officials resign to ease Rousseff's gov't reform
  • As penas verde-amarelas da Operação Condor
  • President Jakaya Mrisho Kikwete addresses a meeting of the World ...
  • Former FM appointed to UN high-level panel
  • BD-Brazil accord soon on reducing export duty
  • South Africa a good investment: OBG
  • Xi Jinping's visit to Brazil is all about business
  • Brazil Elects First Female President Dilma Rousseff
  • Apple iPhone Maker Foxconn Considering Brazil Move
  • Brazil Says They Will Not Hire Cuban Doctors; Turns To Spanish ...
  • Brazil: Rich nations must reduce carbon emissions
  • Brazil's climate plans stall as historic drought hits country
  • Can Latin America blaze a trail towards a Paris climate deal?
  • Brazil's heroes teeter under probe
  • Petrobras fallout and poor growth add to pressure on Rousseff
  • Are markets too bearish on Brazil's currency?
  • Zambia's Aquaculture Sector gets Boost from Brazil
  • Five thousand tonnes of frozen Argentine shrimp to be imported
  • Zambia's Aquaculture Sector gets Boost from Brazil
  • Cuba Frees 53 Prisoners, US Says
  • Reforming the UN Security Council: A Tale of Blood, Sweat, and ...
  • External Affairs Minister Sushma Swaraj begins US visit, meets ...
  • mHealth in China and the United States
  • Smiling Through Clenched Teeth
  • The Perils of Edutourism
  • Brazil may intervene in Maranhão prisons to quell violence
  • Tulare Union High School honor roll
  • Unarmed and dangerous
  • RIVERSIDE: Pair of priests take on a marathon mission
  • Minister Leitch renews Canada-Brazil Memorandum of ...
  • Big Oil's sleazy Africa secrets: How American companies and super ...
  • Canadian spy agency 'dissected' Brazilian Energy Ministry
  • Brazil: Names Released In Petrobras Scandal
  • Brazil's top court names execs, pols in Petrobras graft probe
  • Brazil plans a total of US$14.7bn in waterworks under PAC 2
  • Ministry of National Integration and Casa Civil deny misconduct by ...
  • Sunrise industry fuelled by tequila
  • 5 Damn Good Reasons to Startup in Brazil
  • Brazil's science investment reaches record high
  • For Its New Science Minister Brazil Picks ... A Scientist
  • Brazil's Bolsa Família: welfare model or menace?
  • Brazil slashes extreme poverty by 89% over the last decade
  • Bolsa Família program wins prize and will be honoured in Qatar
  • Iran, Brazil to boost ties in labor sector
  • Pre-Market Activity Shows Gains For Petroleo Brasileiro SA ...
  • Petroleo Brasileiro SA Petrobras (PBR) Down In Early Morning ...
  • Golf course aside, 2016 Rio Olympics preparations on track: Minister
  • Brazil official: Rio won't meet Olympic water cleanup pledge
  • Brazil to monitor price hikes of hotels and plane tickets during 2014 ...
  • World Travel Market Latin America opens on an upbeat note
  • Brazil launches new global tourism campaign
  • Why The UN Is Using Ecotourism To Fight Poverty, Safeguard The ...
  • Role Reversal: Angola's investments and export markets provide ...
  • Chilean lawmakers call for tax incentives to boost copper cathode ...
  • Brazilian open-access plan takes shape
  • Charles Walker MP interview: 'We don't want to criminalise being ill'
  • Broxbourne Council facing �130k legal bill
  • Catherine Wheel pub in Albury loses bid to keep children's ...
  • Tim Vickery Column: Where should Flamengo play their home games?
  • BRAZIL/UNITED STATES : Brazil reinvents optical fiber encryption to ...
  • Nestle Approaches Brazil to Settle Garoto Antitrust Court Case
  • Entrevista: Luís Inácio Lucena Adams, advogado-geral da União
  • Entrevista: Lu�s In�cio Lucena Adams, advogado-geral da Uni�o
  • World Cup 2014: 'No room for error' as Brazil scrambles to get its ...
  • Government improves regional airport infrastructure
  • Brazil airlines want 1500 more flights for World Cup
  • Brick by Brick, Women Builders Make Their Way in Brazil
  • Brazilian president Dilma Rousseff officially welcomed to Bulgaria
  • OAS Drug Commission Publishes Report on Alternatives to ...
  • Can Hillary Clinton Move Beyond Benghazi?
  • 2015 Mexico City Conference: A Look at Climate Change, Cyber ...
  • Judge Rafecas to oversee Nisman's complaint
  • Street Story makes the grade in Victory Ride
  • Pope Francis in Malacañang for first public speech
  • Pretivm Reports Fourth Quarter and Year End 2014 Results
  • China gold firm Zijin posts first profit rise in 3 yrs
  • China's Zijin in talks to buy gold, copper mines abroad
  • Brazilian national bank to fund port projects
  • IMF, Retail Sales, Banks, China GDP, ECB: Week Ahead April 11-18
  • DIARY - Top economic Events to Sep 2
  • Debate Over Role of Central Banks Expected in Jackson Hole
  • Brazil's Rousseff names ambassador to the US as foreign minister
  • Brazil's Rousseff names ambassador to US as foreign minister
  • Rousseff Completes Cabinet Nominations for Second Term
  • Security Council Meeting on Small Arms
  • India's permanent seat in UNSC is vital and urgent: France
  • “It's about giving a girl the opportunity to participate and to dream”

    While some economic events and news headlines include:



    Friday May 29 2015
    Brazil's Economy Contracts The Most in 6 Years
    The Brazilian GDP shrank by 1.6 percent year-on-year in the first three months of 2015. It is the fourth consecutive contraction as domestic demand and investments struggle to gain traction.
    Friday May 29 2015
    Brazil GDP Shrinks 0.2% in Q1
    The Brazilian economy contracted 0.2 percent on quarter in the first three months of 2015, less than market forecasts but down from a 0.3 percent expansion in the previous period. Gains in exports were not enough to offset a decline in domestic demand and investments.
    Thursday May 21 2015
    Brazil Unemployment Rate Up to 4-Year High
    Brazilian jobless rate increased for the fourth month in a row to 6.4 percent in April from 6.2 percent in March. It is the highest rate since May of 2011 when it was recorded at 6.4 percent as unemployment rose more than employment.
    Friday May 08 2015
    Brazil Inflation Rate Edges Up in April
    Consumer prices in Brazil increased 8.17 percent year-on-year in April of 2015, following a 8.13 percent rise in the previous month. It is the fourth consecutive month the inflation stays well above central bank's upper-limit target of 6.5 percent.
    Tuesday May 05 2015
    Brazil Trade Surplus Narrows Slightly in April
    Brazil posted a USD 491 million trade surplus in April of 2015, down 2.94 percent from last year�s USD 505.9 million surplus, but better than market forecasts.
    Monday May 11 2015
    Brazil Raises Interest Rate to 6-Year High
    Brazil increased its key interest rate by 50bps to 13.25 percent on April 29th. It is the fifth consecutive hike, bringing the rate to its highest level since 2009.
  • Economic Growth And The Brazilian Real (BZF)
  • Brazil economy to contract nearly one-quarter this year in dollar terms
  • S&P Affirms Brazil Rating as Fiscal Measures to Boost Confidence
  • Brazil's economy ekes out 0.3% growth
  • GUEST COLUMN: Latin America's challenges highlighted in Berlin ...
  • Why the Young Brazilian Population is Key to Brazil's Success
  • Brazil exports more soybean and maize to Arabs
  • Brazilian Iron Ore Exports Surge in February
  • Brazil surprising primary budget gap shows need of more cuts
  • Rousseff Says Brazil Won't Intervene in Currency as Real Tumbles
  • UPDATE 1-Brazil's Levy says confident of solution for states' debt

    Companies Reported last month include:



    2015-04-30 Embraer SA
    BZ
  • Hot News: AbbVie Inc. (NYSE:ABBV), Best Buy Co., Inc. (NYSE:BBY ...
  • Why Embraer SA (ADR) Shares Plunged 12% Today

    2015-05-04 Marcopolo SA
    BZ
  • Ibovespa Extends Weekly Gain as Rousseff Pledge Stokes Optimism
  • Netflix shares jump 12% on growing global membership

    2015-05-04 BR Properties SA
    BZ
  • Consistent superiority of selective serotonin reuptake inhibitors over ...
  • Banco Santander (Brasil) S.A. (BSBR) Q1 2015 Results - Earnings ...

    2015-05-04 Multiplus SA
    BZ
  • Higher Expenses And Slower Brazilian Economy Lead To Missed ...
  • Higher Expenses And Slower Brazilian Economy Lead To Missed ...

    2015-05-05 Tim Participacoes SA
    BZ
  • TIM Participacoes SA Upgraded at Citigroup Inc. (TSU)
  • Higher gross margins are more profitable: NiSource (NI), TIM ...

    2015-05-05 Porto Seguro SA
    BZ
  • Further iron ore price drop may result in another Minas-Rio ...
  • Nyrstar suspends Mexico mine on security fears

    2015-05-05 BR Malls Participacoes SA
    BZ
  • Esteves's 'Better Than Goldman' Promise Faces Biggest Threat Yet
  • Esteves's 'Better Than Goldman' Promise Faces Biggest Threat Yet

    2015-05-05 Itau Unibanco Holding SA
    BZ
  • Follow our conference call: 2015 - 1st Quarter Results - Itau ...
  • Morning Buzz: Itau Unibanco Holding SA (ADR) (NYSE:ITUB ...

    2015-05-06 Gerdau SA
    BZ
  • Gerdau: A Risky Investment in the Current Steel Market
  • Here Are The Cheap Stocks In The Market - Comstock Resources ...

    2015-05-06 Metalurgica Gerdau SA
    BZ
  • Gerdau S.A. - Consolidated Information
  • Gerdau S.A. - Consolidated Information

    2015-05-06 EDP - Energias do Brasil SA
    BZ
  • Analysts' Ratings Reiterations for April, 30th (ABDC, ACHI, ACIW ...
  • Analysts' Ratings Reiterations for April, 30th (ABDC, ACHI, ACIW ...

    2015-05-06 Ultrapar Participacoes SA
    BZ
  • Zacks: Ultrapar Participacoes SA Receives Average ...
  • Investment Analysts' Downgrades for April, 30th (AB, ABR, AEG ...

    2015-05-06 Cosan SA Industria e Comercio
    BZ
  • Moody's rates first series of 14th issuance of Gaia Agro's agricultural
  • Fitch: CADE's Decision on ALL and Rumo Merger is Neutral to ...

    2015-05-06 Totvs SA
    BZ
  • TOTVS: 4Q14 - Earnings Release
  • TOTVS: 4Q14 - Earnings Release

    2015-05-07 Estacio Participacoes SA
    BZ
  • Estacio Net Income grow 74% reaching R$425.6 million in 2014 as ...
  • Estacio Net Income grow 74% reaching R$425.6 million in 2014 as ...

    2015-05-07 Oi SA
    BZ
  • Oi SA (OIBR) Posts Earnings Results, Misses Estimates By $0.23 EPS
  • Friday's Vital Data: Baidu Inc (ADR) (BIDU), Vale SA (ADR) (VALE ...

    2015-05-07 Suzano Papel e Celulose SA
    BZ
  • Webcast Alert: Suzano Papel e Celulose SA Announces First ...
  • Ibovespa Drops as Fibria Leads Losses on Brazilian Currency Gain

    2015-05-07 Lojas Americanas SA
    BZ
  • Lojas Americanas Website Erodes Results: Corporate Brazil
  • Turkish ambassador again denies press freedom issues to US ...

    2015-05-07 Lojas Americanas SA
    BZ
  • Lojas Americanas Website Erodes Results: Corporate Brazil
  • Turkish ambassador again denies press freedom issues to US ...

    2015-05-07 Cia Hering
    BZ
  • Brazil ETFs on Roller Coaster Ride Ahead of Elections
  • A glum Christmas for Brazil retailers - and little cheer ahead

    2015-05-07 CETIP SA - Mercados Organizados
    BZ
  • UPDATE 1-Cetip raises payout, launches buyback as profit meets goal
  • UPDATE 1-Cetip raises payout, launches buyback as profit meets goal

    2015-05-07 BB Seguridade Participacoes SA
    BZ
  • Petrobras Hunts 'Hidden Values' for Potential Stock Sales
  • Brasildental to account for 5 pct of BB Seguridade profit by 2018

    2015-05-07 Cia Siderurgica Nacional SA
    BZ
  • Metals and Mining Equities Ahead of Market -- Gerdau, Cia ...
  • Top Dividend Global Dogs Give 69.07% Edge To 5 In April

    2015-05-07 Braskem SA
    BZ
  • Braskem S.A. (BAK) Q4 2014 Results - Earnings Call Transcript (BAK)
  • Braskem SA (ADR) (NYSE:BAK) Investor Investigation over Possible ...

    2015-05-08 CPFL Energia SA
    BZ
  • 19.44% Edge For 5 April Utilities With Highest Yield, Lowest Price
  • 19.44% Edge For 5 April Utilities With Highest Yield, Lowest Price

    2015-05-08 Transmissora Alianca de Energia Eletrica
    BZ
  • State Grid-Led Group Wins Brazilian Dam Power-Line Auction
  • Colombia utilities company to invest $1B in Brazilian electric firm

    2015-05-08 AES Tiete SA
    BZ
  • Argentina, Petrobras drive price action in slow session
  • AES Tiete (AESYY) CEO Britaldo Soares on Q3 2014 Results ...

    2015-05-12 Kroton Educacional SA
    BZ
  • Ibovespa Futures Drop Before Petrobras Publishes Delayed Results
  • Ibovespa Snaps Three-Session Gain as Petrobras Falls With Vale

    2015-05-12 EcoRodovias Infraestrutura e Logistica S
    BZ
  • Rousseff's Brazil Works Plan Hits Bump With Road Bidding
  • Rousseff's Brazil Works Plan Hits Bump With Road Bidding

    2015-05-12 Itausa - Investimentos Itau SA
    BZ
  • Why Polish Stocks Can't Win
  • Itau Heiress Backing Silva Says Markets Oppose Rousseff

    2015-05-13 Telefonica Brasil SA
    BZ
  • 4Q14 and 2014 Results: Telefonica Brasil S.A.
  • Telefonica Brasil 4th qtr profit beats estimates

    2015-05-13 JBS SA
    BZ
  • JBS SA's (JBSAF) CEO Wesley Batista on Q3 2014 Results ...
  • JBS reports strongest quarterly profit ever in 3Q

    2015-05-13 Banco do Estado do Rio Grande do Sul SA
    BZ
  • Taiwan crash survivor crawls out of burning plane, phones father to ...
  • Oppenheimer Lawsuit Magnifies Bondholder Backlash: Brazil Credit

    2015-05-13 Bradespar SA
    BZ
  • Ibovespa Drops as Vale's Earnings Miss Overshadows Renner's Gain
  • Ibovespa Drops as Vale's Earnings Miss Overshadows Renner's Gain

    2015-05-14 MRV Engenharia e Participacoes SA
    BZ
  • UPDATE 1-Brazil's MRV misses profit estimates as expenses soar
  • UPDATE 1-Brazil's MRV misses profit estimates as expenses soar

    2015-05-14 Arteris SA
    BZ
  • Brazil's Bargain Stocks Spark Wave of Privatizations: Real M&A
  • Market losses hit Inbursa Q4 profit

    2015-05-14 Cyrela Brazil Realty SA Empreendimentos
    BZ
  • Brazil builders to post weaker earnings as firms retrench
  • Ibovespa Rises as Slower Brazil Inflation Bolsters BR Properties

    2015-05-14 Cia Paranaense de Energia
    BZ
  • Copel announced 3Q14 Results
  • COPEL Q3 Earnings Fall, Costs Offset Revenue Growth - Analyst Blog

    2015-05-14 BM&FBovespa SA
    BZ
  • Brazil's BM&FBovespa stock, derivatives transactions fall in Feb
  • Brazil's BM&FBovespa misses profit estimates on revenue, expenses

    2015-05-14 Cia de Saneamento de Minas Gerais-COPASA
    BZ
  • Evento ecológico incentiva estudantes a preservarem o meio ...

    2015-05-14 Banco do Brasil SA
    BZ
  • UPDATE 2-Cielo expects tougher competition driving Brazil card ...
  • UPDATE 2-Cielo expects tougher competition driving Brazil card ...

    2015-05-14 Cia de Saneamento Basico do Estado de Sa
    BZ
  • Companhia de Saneamento Basico do Estado de Sao Paulo's (SBS ...
  • Companhia de Saneamento Basico do Estado de Sao Paulo's (SBS ...

    2015-05-15 CCR SA
    BZ
  • CCR S.A.: Results for the 4th quarter and the year of 2014
  • CCR S.A.: Results for the 4th quarter and the year of 2014

    2015-05-15 Petroleo Brasileiro SA
    BZ
  • What's Next For Petroleo Brasileiro Petrobras SA (ADR) (PBR) Stock?
  • Morning Watch List: Petroleo Brasileiro Petrobras SA (ADR) (NYSE ...

    2015-05-15 Petroleo Brasileiro SA
    BZ
  • What's Next For Petroleo Brasileiro Petrobras SA (ADR) (PBR) Stock?
  • Morning Watch List: Petroleo Brasileiro Petrobras SA (ADR) (NYSE ...

    2015-05-15 Cia Energetica de Sao Paulo
    BZ
  • Mid-Morning Market Update: Markets Mixed; Deere Projects Drop In ...
  • How Three Inches of Rain Could Cut GDP Growth: Corporate Brazil

    2015-05-15 Cia Energetica de Minas Gerais
    BZ
  • Utilities Sector Stocks on our Radar - Dominion Resources ...
  • 38.61% Edge For 5 Global Highest Yield, Lowest Price, March Stocks

    2015-05-15 Centrais Eletricas Brasileiras SA
    BZ
  • Technical Updates on Electric Utilities Stocks -- American Electric ...
  • Why traders Are Watching: Petroleo Brasileiro Petrobras (NYSE ...

    2015-05-15 Centrais Eletricas Brasileiras SA
    BZ
  • Technical Updates on Electric Utilities Stocks -- American Electric ...
  • Why traders Are Watching: Petroleo Brasileiro Petrobras (NYSE ...

    Best Stocks Last Month and News


    Oi SA+25.13%
  • Zacks: Analysts Set $1.88 Target Price for Oi SA (NASDAQ:OIBR)
    Arteris SA+20.49%
  • Trânsito e Meio Ambiente Educadores da região participam do ...
    Multiplus SA+13.61%
  • About LATAM Airlines Group SA
    Suzano Papel e Celulose SA+10.46%
  • Moody's assigns a Ba2/Aa2.br rating to Suzano's proposed BRL 500 ...
    Hypermarcas SA+9.46%
  • Brazil's Hypermarcas sees more consumer price hikes in July
    Odontoprev SA+7.71%
  • Apresentação de webcast da OdontoPrev S.A. já disponível para ...
    WEG SA+7.23%
  • Kik: Chef des Textildiscounters verteidigt Billig-Strategie
    Totvs SA+7.15%
  • TOTVS cierra el 1T15 con crecimiento del 15,1% en beneficio neto
    Klabin SA+5.74%
  • Brazil stocks higher at close of trade; Bovespa up 0.08%
    Centrais Eletricas Brasileiras SA+5.31%
  • Eletrobrás - Centrais Elétricas Brasileiras SA: Market Announcement ...

    Worst Stocks Last Month and News


    Cia Hering -26.33%
  • Cia Hering prevê cenário ainda negativo nos próximos trimestres
    Cia Siderurgica Nacional SA -23.67%
  • Vale SA (ADR) (NYSE:VALE) keeps lifting countrywide peers ...
    Qualicorp SA -23.39%
  • Brazil stocks higher at close of trade; Bovespa up 0.40%
    Metalurgica Gerdau SA -20.73%
  • Brazil stocks lower at close of trade; Bovespa down 0.71%
    EcoRodovias Infraestrutura e Logistica S -18.26%
  • Governo avalia ampliar concessões para garantir novos investimentos
    Itausa - Investimentos Itau SA -16.87%
  • Ibovespa cai 4% em três pregões e dólar recua aos R$ 3,00 depois ...
    Cosan SA Industria e Comercio -14.71%
  • Novvi Launches First-Ever 100 Percent Renewable Oils
    Banco do Estado do Rio Grande do Sul SA -14.63%
  • Venda de imóvel usado e aluguel residencial têm 1ª queda no ano ...
    Banco do Brasil SA -14.58%
  • Banco do Brasil Profit Rises 24% on Higher Revenue From Lending
    Usinas Siderurgicas de Minas Gerais SA -14.57%
  • Usinas Siderurgics d Mns Grs SA Usms-ADR Downgraded by ...

    View Brazil Econ Page






    • Russia Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    RTSI$:IND -5.3224.02-24.64
    MSCI Russia -5.8930.46-25.24
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    RUVTBR:RMVTB Bank OJSC0.0802522.52
    RUQIWI:USQIWI30.220011.35
    RUAFLT:RMAeroflot41.10007.73
    RUAFKS:RMAFK Sistema16.90005.89
    RUCHMF:RMSeverstal OAO608.405.16
    RUNVTK:LINovaTek OAO100.9003.81
    RUTMKS:LITMK OAO4.1753.60
    RUIRAO:RMInter RAO JSC1.2490003.24
    RUTRMK:RMTMK52.60002.33
    RURTKM:RMRostelecom OJSC80.95002.15

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    RUSNGS:RMSurgutneftegas OAO31.0000-19.27
    RULSRG:LILSR Group2.375-14.57
    RUMBT:USMobile Telesystems OJSC10.4600-13.41
    RUEVR:LNEvraz168.600-11.12
    RUMFON:LIMegaFon OAO15.350-9.71
    RUGAZP:RMGazprom OAO139.0000-9.45
    RU486:HKRusal4.240-9.40
    RUROSN:RMRosneft OAO234.00-8.77
    RUFEES:RMFGC UES JSC0.06508-8.34
    RUMFON:RMMegafon811.00-7.53

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    RUTMKS:LITMK OAO4.17579.96
    RUIRAO:RMInter RAO JSC1.24900075.42
    RUFIVE:LIX5 Group19.45059.43
    RULSRG:LILSR Group2.37552.24
    RUTRMK:RMTMK52.600050.29
    RUQIWI:USQIWI30.220049.68
    RUAFKS:RMAFK Sistema16.900048.25
    RUSSA:LISistema JSFC7.60045.87
    RUMBT:USMobile Telesystems OJSC10.460045.68
    RUFEES:RMFGC UES JSC0.0650842.44

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    RU486:HKRusal4.240-18.77
    RURTKM:RMRostelecom OJSC80.9500-6.96
    RUSIBN:RMGazpromneft137.8000-3.64
    RUTRNFP:RMAK Transneft OAO123450.00-2.02
    RUMFON:RMMegafon811.00-1.10
    RUYNDX:USYandex18.03000.39
    RUTCS:LITinkoff CS3.3003.45
    RUGAZP:RMGazprom OAO139.00006.67
    RUMGNT:RMMagnit10510.008.34
    RUHYDR:RMRusHydro JSC0.58738.46

    Sector Performance 1m %
    NameSectorch
    Technology11.3
    Consumer Discretionary7.7
    Financials-1.6
    Utilities-2.3
    Materials-3.3
    Communications-4.1
    Consumer Staples-5.6
    Energy-5.9

    Sector Performance YTD %
    NameSectorch
    Technology49.7
    Utilities42.1
    Consumer Staples27.5
    Consumer Discretionary27.5
    Financials26.5
    Materials23.2
    Communications23.0
    Energy15.6

    Table of Contents


    China Stance
         China Valuations
         China Top Stock Picks
         China Top Bond Picks
         China Last Month Performance Review

    India Stance
         India Valuations
         India Top Stock Picks
         India Top Bond Picks
         India Last Month Performance Review

    Brazil Stance
         Brazil Valuations
         Brazil Top Stock Picks
         Brazil Top Bond Picks
         Brazil Last Month Performance Review

    Russia Stance
         Russia Valuations
         Russia Top Stock Picks
         Russia Top Bond Picks
         Russia Last Month Performance Review

    Turkey Stance
         Turkey Valuations
         Turkey Top Stock Picks
         Turkey Top Bond Picks
         Turkey Last Month Performance Review

    South Africa Stance
         South Africa Valuations
         South Africa Top Stock Picks
         South Africa Top Bond Picks
         South Africa Last Month Performance Review

    Korea Stance
         Korea Valuations
         Korea Top Stock Picks
         Korea Top Bond Picks
         Korea Last Month Performance Review


















    Russia



    Our Stance

    Russian stocks came under pressure in May as oil price stagnated and economy has been showing signs of further weakness beyond the trough which originally was thought to pass through in February or March. The special situation trade where investors chased ruble debt has dried up and is likely to tilt to the other side as ruble likely to weaken. Ukraine conflict has became a permanent source of disturbance for Russia and has all chances to continue in one form or the other for another 15 to 20 years in comparison to Azerbaijan and Armenia conflict.

    Valuations


    Russia Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Energy258212.852.186.810.07.89.7
    Materials62827.312.707.215.132.829.9
    Communications55432.111.2013.122.613.715.6
    Financials55094.311.137.611.211.512.9
    Consumer Staples52306.010.5721.926.116.313.6
    Utilities8689.71.765.213.67.011.9
    Technology1471.00.3019.314.920.012.0
    Consumer Discretionary821.90.17-0.015.411.2

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

    Tatneft OAO(Long)

    		6.218.73.58%+39.37%1.21.321.212,355.2-4.2
  • OAO Tatneft Statement re Reserves Report
  • RPT-Fitch Affirms OAO Tatneft at 'BB+', Stable Outlook

    • MMC Norilsk Nickel OJSC(Long)

    		8.480.914.08%+74.61%6.82.732.529,590.9-6.6
  • BHP Spinoff Will Put Productivity Over M&A in First Six Months
  • NEWGATE CAPITAL MANAGEMENT Top 10 13F Holdings in Q1 2015

    • Moscow Exchange(Long)

    		8.022.75.17%+35.36%1.85.467.13,403.4-6.5
  • Moscow Exchange joins FXPA
  • Moscow Exchange announces Q1 2015 best quarterly results in the ...

    • Gazpromneft(Long)

    		4.314.04.64%+4.82%0.60.510.913,400.1-5.4
  • Gazprom neft' OAO Raised to Buy at Deutsche Bank (GZPFY)
  • Gazprom neft' OAO Upgraded by Deutsche Bank to "Buy" (GZPFY)

    • Magnit(Long)

    		20.234.33.31%+36.80%6.91.36.620,690.6-6.8
  • PJSC MAGNIT - BoD Meeting Results
  • PJSC MAGNIT - Change of Share

    • Sberbank of Russia(Short)

    		7.40.00.92%-24.20%0.00.00.0969.9-3.5
  • UPDATE 2-Russia's Sberbank keeps profit slump in check to ...
  • Russia's Sberbank Head to Serve for Additional Four Years ...

    • Sberbank of Russia(Short)

    		11.27.00.62%-9.69%0.80.76.432,200.9-4.4
  • UPDATE 2-Russia's Sberbank keeps profit slump in check to ...
  • Russia's Sberbank Head to Serve for Additional Four Years ...

    • QIWI(Short)

    		22.239.70.78%-19.37%8.85.725.51,471.011.3
  • Qiwi PLC (QIWI) - Research Analysts' Weekly Ratings Changes
  • UPDATE: QIWI Announces Acquisition of Contact and Rapida

    • Tinkoff CS(Short)

    		14.611.48.99%-43.95%1.70.63.9621.0-2.9
  • Richie Porte's future in Giro d'Italia in doubt after time trial ...
  • GUIDEWIRE FETE SES DIX ANS EN EUROPE

    • AFK Sistema(Short)

    		9.711.52.77%-57.08%1.10.11.12,987.55.9
  • RCOM in talks with AFK Sistema: Reports
  • AFK Sistema Consolidates 100 Pct Stake in Rent-Nedvizhimost

    • Bond Picks

    Souvereign Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    RUSSIAN (FEDERATION OF) RegS 30117.57.50USDMar 31, 20304.363.700.00-0.30
  • On telecoms, the Council and the Parliament are soon parted
    • RUSSIAN FEDERATION (GOVERNMENT) RegS 20104.35.00USDApr 29, 20204.404.05-0.351.50
  • Big picture — Marketing orders have grower support
    • RUSSIAN (FEDERATION OF) RegS 18123.111.00USDJul 24, 20182.723.28-0.220.30
  • A look at the 7 officials arrested in the FIFA raids
    • RUSSIAN (FEDERATION OF) RegS 28160.212.75USDJun 24, 20287.556.12-0.141.50
  • On telecoms, the Council and the Parliament are soon parted
    • RUSSIAN FEDERATION RegS 4299.505.63USDApr 4, 204213.345.74-0.060.75
  • Players must lead revolution to topple Sepp Blatter and his obscene ...

    • Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    ALROSA FINANCE SA RegS 20105.87.75USDNov 3, 20204.516.56-0.592.60
  • The Arctic This Week: 2014-22
    • VIMPELCOM HOLDINGS NV RegS 22102.77.50USDMar 1, 20225.307.11-0.733.69
  • VimpelCom Reports 4Q14 and FY14 Results
    • SB CAPITAL SA RegS 22101.76.13USDFeb 7, 20225.455.89-0.854.44
  • @FGCU_Baseball Outhits No. 11 Miami but Comes up Short on the ...
    • METALLOINVEST FINANCE LTD RegS 2092.605.63USDApr 17, 20204.277.59-0.381.49
  • New Zealand may kick start race to mine the ocean floor
    • GAZ CAPITAL SA RegS 2889.794.95USDFeb 6, 20289.036.21-0.211.72
  • Social News 28/5

    • Local Currency Bonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    RUSSIAN FEDERATION 151.996.88RUBJul 15, 20150.1411.09-0.830.08
  • On telecoms, the Council and the Parliament are soon parted
    • RUSSIAN FEDERATION 271.758.15RUBFeb 3, 20276.9410.31-0.660.14
  • Wife Of Hospitalized Russian Opposition Activist Urges His Evacuation
    • RUSSIAN FEDERATION 211.777.60RUBApr 14, 20214.5110.53-0.760.12
  • Overdue red cards for FIFA
    • RUSSIAN FEDERATION 231.667.00RUBJan 25, 20235.4610.52-0.690.12
  • Russian Military Insignia Are Reported in Ukraine
    • RUSSIAN FEDERATION 171.907.40RUBJun 14, 20171.7910.53-0.820.10
  • Sepp Blatter re-elected as FIFA president as Prince Ali bin al ...

    • Russia Last Month Review



    Russia RTSI$:IND Index lost-5.32% last month. To finish the month at 976.48

    MSCI Russia Index lost-5.89% last month. Its overall up 30.46% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    RUB last month lost -1.53% against US dollar. To finish the month at 52.3405 per USD.

    Sovereign eurobonds are trading with average yield of 5.44% and tightened by -0.64% last month.

    Corporate eurobonds are trading with average yield of 6.06% and tightened by -0.74% last month.

    Local currency bonds are trading with average yield of 10.63% and tightened by -0.81% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in Russia included VTB Bank OJSC +22.52%, QIWI +11.35%, Aeroflot +7.73%, AFK Sistema +5.89%, Severstal OAO +5.16%, NovaTek OAO +3.81%, TMK OAO +3.60%, Inter RAO JSC +3.24%, TMK +2.33%, Rostelecom OJSC +2.15%, .

    Worst stocks last month included Surgutneftegas OAO -19.27%, LSR Group -14.57%, Mobile Telesystems OJSC -13.41%, Evraz -11.12%, MegaFon OAO -9.71%, Gazprom OAO -9.45%, Rusal -9.40%, Rosneft OAO -8.77%, FGC UES JSC -8.34%, Megafon -7.53%,

    Best stocks YTD included TMK OAO +79.96%, Inter RAO JSC +75.42%, X5 Group +59.43%, LSR Group +52.24%, TMK +50.29%, QIWI +49.68%, AFK Sistema +48.25%, Sistema JSFC +45.87%, Mobile Telesystems OJSC +45.68%, FGC UES JSC +42.44%,

    While worst stocks YTD included Rusal -18.77%, Rostelecom OJSC -6.96%, Gazpromneft -3.64%, AK Transneft OAO -2.02%, Megafon -1.10%, Yandex 0.39%, Tinkoff CS 3.45%, Gazprom OAO 6.67%, Magnit 8.34%, RusHydro JSC 8.46%,
    In terms of sector performance last month the best sectors included Technology +11.3%, Consumer Discretionary +7.7%, Financials-1.6%,

    While worst sector performance last month showed Energy -5.9%, Consumer Staples -5.6%, Communications -4.1%,

    YTD the best sectors remain Technology +49.7%, Utilities +42.1%, Consumer Staples +27.5%,
    While the worst sectors are Energy 15.6%, Communications 23.0%, Materials 23.2%,

    Russia currency vs. USD



    Source: Midlincoln

    Russia RTSI$:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for Russia include:


  • Chinese weaponry spotted on artificial island, US says
  • FIFA Charges Instantly Earn Loretta Lynch Global Recognition
  • Putin, on Guard for 2018 World Cup in Russia, Denounces FIFA ...
  • CIS heads of government meet in Kazakhstan
  • 86% of Russians back Putin government: Survey
  • High optimism marks signing of VN-EEU free trade deal
  • Could this be the Chelsea team for next season?
  • Bitterly disappointed ... Frank Lowy. Photo: AFP
  • Russian Companies Shrug Off US Sanctions – For Now
  • PRESS DIGEST - RUSSIA - April 24
  • A Theme in Davos: Fear of Financial Instability
  • Deputy PM Says Low Oil Prices A Temporary Condition Created to ...
  • Why the coming 'rates rage' will wreak havoc across the globe
  • China Budget Law amendment allows more bond sales by local ...
  • Fitch: China Local Gov't Bond Law to Improve Budget Transparency
  • Rich Russian minister repatriating assets from offshore
  • Soccer superstars visit Grozny, play team of Chechen bureaucrats
  • Tensions Rise In Georgia's Breakaway Regions
  • EU sanctions 15 politicians and military leaders over Ukraine
  • EU sanctions 15 politicians and military leaders over Ukraine
  • Crisis in the Crimea: Sanctions Update
  • Li Keqiang and Prime Minister Dmitry Medvedev of Russia Co-chair ...
  • ETF Watch: China Debt Fund Launches
  • China Debt, Greek Elections, Drag Markets Lower
  • Arctic Council Meeting Starts Amid Russia Tensions
  • Norway asks Moscow to explain deputy PM's island visit despite ...
  • Cold War in space? Russia says it is considering building own ...
  • Minister of Agriculture in Moscow on larger export of Serbian food
  • Serbian Agriculture Minister: Increased exports to Russia cannot ...
  • The Prime Minister Meets China's Special Envoy, Vice Foreign ...
  • Rajnath Singh holds bilateral meetings with Japanese, Russian ...
  • India to cooperate with Japan, Russia in disaster management
  • India extends support to world disaster management efforts
  • Jolla to build Sailfish ecosystem for Africa
  • InfiNet Wireless Triumph at Sviaz-Expocomm 2015
  • Jolla Pushes BRICS Partnerships To Target Android In Emerging ...
  • Meehan urges Mount Wachusett Community College grads to stay ...
  • GOP: Obama omitted Jews from ISIS- threatened groups
  • US designates additional individuals and Russian bank under ...
  • Controversy erupts over children's role in risqué opera
  • Doc Festival Goes on Despite Culture Minister Calling Head 'Anti ...
  • Doc Festival Goes on Despite Culture Minister Calling Head 'Anti ...
  • Def. Min.: Iran to receive S-300 missile system this year
  • Def. Min.: Iran to receive S-300 missile system this year
  • Pakistan seeks to strengthen defence ties with Russia: FO ...
  • Rogozin to top of the world after controversial Svalbard visit
  • The ruble is bouncing back
  • Russia says it will cut down oil price forecast for 2015
  • Vietnam, Russia boost education cooperation
  • Dhaka, Moscow sign defence, nuclear power agreements
  • VP: Iran Ready to Export Hi-Tech Products to Russia
  • Bournemouth v Bolton: Championship – as it happened!
  • The Super Sequels coming soon
  • A bullying, interfering waster: how politics gave the state a bad name
  • Walking with Readers and Writers
  • Russia increases combat capabilities of base in Kyrgyzstan's Kant
  • Russia celebrates 72th anniversary of the Battle of Stalingrad
  • Hijab scandal in Ingushetia results in dismissal and reprimand
  • Putin praises work of Russian Foreign Minister Lavrov
  • Foreign Minister Wang Yi Meets with Director General Yukiya ...
  • Foreign Minister Wang Yi Sends Message of Condolence to Foreign ...
  • Dhaka, Moscow sign defence, nuclear power agreements
  • 'Behavior of world leaders' darn close to that of Cold War'
  • Multinat'l investment fund to be launched in Egypt
  • GM investors like Russia exit
  • Iranian, Russian Air Force Commanders Meet in Tehran
  • Good News From Israel: The Magic Kippa
  • China's Jan manufacturing PMI falters; analysts expect loosening of ...
  • Holder tells Russia the US won't seek death penalty for Snowden
  • US 'Concerned' By Russian Lawsuit To Close 'Memorial' Rights Group
  • Russia: End the cycle of impunity
  • Russian pension funds set for more secure future
  • Medvedev: Russia to keep pension savings system
  • Putin Thrives on Russian Passivity
  • Iran, Russia Plan Cooperation on Water Projects
  • Paris Meet Must Come Out With 'Feasible' Roadmap to Fight Global ...
  • 'Meet Must Come Out With 'Feasible' Roadmap for Global Warming'
  • Russia Hockey Team Killed in Plane Crash [PHOTOS, LIST OF ...
  • Who's Who In Russia's New Government
  • 32 people killed in plane crash in Tyumen
  • Russia appoints Borzakovsky as top athletics coach
  • Russia appoints Borzakovsky as top athletics coach
  • Russia appoints Borzakovsky as top athletics coach
  • World Press: Cherchez la femme
  • Head of Major College Reportedly Emigrates Under Pressure
  • Putin Orders New Counterterrorism Committee
  • Siloviki Take The Reins In Post-Oligarchy Era
  • Ready to Take Off
  • Russia Says Arctic Well Drilled With Exxon Strikes Oil
  • Statoil Prepares Last Well of Disappointing 2014 Arctic Campaign
  • Gas-Driven Growth Powers Morales Re-Election Bid in Bolivia
  • News of the military shipment comes as Canada announced ...
  • Twelve Who Have Putin's Ear
  • Obama's Secret Letter to Tehran: Is the War against Iran On Hold ...
  • Next stop Berlin - IRJ's full InnoTrans preview
  • Global Rail Equipment Market: Trends and Opportunities 2014-2019 ...
  • Research and Markets: Global Rail Equipment Market: Trends and ...
  • Brief introduction of Chinese vice premiers, state councilors
  • CSAT: risks, threats and vulnerabilities faced by Romania in 2015
  • Dragon at the doorstep Myanmar's changing ties with China
  • Mum's Facebook video of struggle to change disabled daughter on ...
  • Prince Harry to report for duty
  • Anzac Day terror raids: Alleged plotters linked to police attacker ...
  • Russian troops amassing heavy weaponry on Ukraine border
  • Russian opposition activist Vladimir Kara-Murza in hospital after ...
  • Radio Free Europe/Radio Liberty: Navalny says Putin will stop at ...

    While some economic events and news headlines include:


    Friday May 22 2015
    Russia Unemployment Rate Falls in April
    Russian jobless rate decreased for the first time in eight months to 5.8 percent in April from 5.9 percent in March.
    Friday May 15 2015
    Russian GDP Shrinks For The First Time in 6-Years
    The Russian economy contracted 1.9 percent year-on-year in the first three months of 2015, preliminary data from the statistical office showed. It is the first decline since the last quarter of 2009 prompted by a sharp drop in oil prices and sanctions imposed over the Ukraine crisis .
    Tuesday May 12 2015
    Russia Trade Surplus Narrows in March
    Russia posted a USD 14.98 billion trade surplus in March of 2015, down from a USD 19.62 billion surplus a year earlier.
    Wednesday May 06 2015
    Russia Inflation Rate Slows in April
    Russian annual inflation slowed for the first time in nine months to 16.4 percent in April from 16.9 percent in March. Figures came below market expectations due to lower cost of food and transport, after the ruble gained more than 10 percent against the USD during the month.
    Thursday April 30 2015
    Russia Lowers Key Rate to 12.5%
    The Bank of Russia cut its benchmark one-week repo rate by a bigger-than-expected 150bps to 12.5 percent in April. It is the third straight cut as inflationary pressures slowed while the economy is cooling.
  • Worst Not Over for Russia as Economy Shrinks 4.3% in April
  • Worst Not Over for Russia as Economy Shrinks 4.3% in April
  • Russian growth woes worse than previously thought
  • Kuban agricultural holding seeks Asian investment to fund growth
  • ​BRICS leadership passes to Russia, $100bn development bank ...
  • The 'Dying Russian Nation' Is Not Unique
  • Scotch whisky exports slump by 7% as key export markets dry up
  • Russia must profit from weak ruble by diversifying exports, say ...
  • Russia Said to Keep $50 Oil Outlook in Budget After Crude Gains
  • Russia's Budget Deficit More Than Doubles in a Month
  • UPDATE 3-Russia's Sberbank sees margin squeeze worsening in ...

    Companies Reported last month include:



    2015-04-30 Surgutneftegas OAO
    RU
  • Penny Stocks on the Run - NIOCORP DEVELOPMENTS (NIOBF ...
  • Russian Miners With Billions of Dollars Weigh Dividend Increase

    2015-05-12 Rosneft OAO
    RU
  • Commodity Traders Vow Openness as Oil Volatility Brings Boom
  • Rosneft Reports Quarterly Profit After Accounting-Method Switch

    2015-05-12 Rusal
    RU
  • UC RUSAL announces operating result for Q4 and FY 2014
  • 2015/2016 THRONE SPEECH - Partnership for Development ...

    2015-05-14 QIWI
    RU
  • QIWI Announces Fourth-Quarter and Full-Year 2014 Results
  • Qiwi's EPS miss, cautious 2015 outlook brushed off (QIWI)

    2015-05-15 Gazpromneft
    RU
  • Gazprom Neft's Board of Directors Reviews Preparations for the AGM
  • UPDATE 1-Gazprom says 2014 net income under Russian rules ...

    2015-05-19 Mobile Telesystems OJSC
    RU
  • Mobile TeleSystems OJSC (MBT) Issues Earnings Results, Misses ...
  • Mobile Telesystems OJSC (MBT) In A Perilous Reversal

    2015-05-21 Rostelecom OJSC
    RU
  • Rostelecom OJSC UK Regulatory Announcement: ROSTELECOM ...
  • Rostelecom OJSC UK Regulatory Announcement: ROSTELECOM ...

    2015-05-26 VTB Bank OJSC
    RU


    2015-05-27 Moscow Exchange
    RU
  • FX fees boost Moscow Exchange full-year results
  • Moscow Exchange sees net income increase by 38% in 2014

    2015-05-28 Sberbank of Russia
    RU
  • COMMENT: A subjective take on Sberbank's 2014 results
  • Sberbank 2014 Profit Drops Amid Higher Provisions for Bad Loans

    2015-05-28 Sberbank of Russia
    RU
  • COMMENT: A subjective take on Sberbank's 2014 results
  • Sberbank 2014 Profit Drops Amid Higher Provisions for Bad Loans

    2015-05-28 Lukoil OAO
    RU
  • Team Craft-Bamboo take a one-two victory at Sepang
  • Lukoil profit drops 39 percent after impairments, oil-price slump

    2015-05-29 AK Transneft OAO
    RU
  • Moody's Interfax reviews for downgrade the ratings of 27 Russian ...
  • Market Vectors Russia Small-Cap ETF Now Trading

    Best Stocks Last Month and News


    VTB Bank OJSC+22.52%
  • “Bank VTB (Azerbaijan)” attracts subordinated loan to increase total ...
    QIWI+11.35%
  • QIWI and Russian Post Launch a Joint Money Transfer Service
    Aeroflot+7.73%
  • Aeroflot deployed 8 aircraft in 4 months ended Apr-2015
    AFK Sistema+5.89%
  • Austria says received Russian request for Bashneft CEO Ural ...
    Severstal OAO+5.16%
  • Russia stocks lower at close of trade; MICEX down 0.23%
    NovaTek OAO+3.81%
  • OAO Novatek UK Regulatory Announcement: NOVATEK extends ...
    TMK OAO+3.60%
  • Norilsk Nickel Jumps on Metal Price Outlook as Russia ADRs Gain
    Inter RAO JSC+3.24%
  • Vietnam, Russia agree to deepen all-around ties, especially in trade ...
    TMK+2.33%
  • Torchmark Co. Plans $0.14 Quarterly Dividend (TMK)
    Rostelecom OJSC+2.15%
  • Rostelecom OJSC UK Regulatory Announcement: ROSTELECOM'S ...

    Worst Stocks Last Month and News


    Surgutneftegas OAO -19.27%
  • Putin'in yeni hedefi: Surgutneftegas
    LSR Group -14.57%
  • Stevenson water polo on the cusp of a state title again
    Mobile Telesystems OJSC -13.41%
  • Mobile TeleSystems OJSC's Neutral Rating Reiterated at Citigroup ...
    Evraz -11.12%
  • EVRAZ North America plc Announces First Quarter 2015 Financial ...
    MegaFon OAO -9.71%
  • Wednesday Closing Bell Updates: Hurricane Energy PLC , Megafon ...
    Gazprom OAO -9.45%
  • Why Gazprom OAO (ADR) Profits Fell 86% In 2014
    Rusal -9.40%
  • Russia's Rusal swings to net profit
    Rosneft OAO -8.77%
  • Putin Said to Blame Energy Chief Sechin After Rosneft Missteps
    FGC UES JSC -8.34%
  • Gazprombank Russia Market Review And Stock Ratings
    Megafon -7.53%
  • MegaFon 1Q15 revenues drop 1.2% to RUB73.98bn; net profit ...

    View Russia Econ Page






    • Turkey Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    XU100:IND -1.15-3.204.66
    MSCI Turkey 0.39-16.30-19.66
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    tr>
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    TUTOASO:TITofas Turk Otomobil Fabrikasi AS18.05010.06
    TUAEFES:TIAnadolu Efes Biracilik Ve Malt Sanayii A24.6509.56
    TUFROTO:TIFord Otomotiv Sanayi AS35.6507.87
    TUSISE:TITurkiye Sise ve Cam Fabrikalari AS3.5604.09
    TUTUPRS:TITupras Turkiye Petrol Rafinerileri AS66.6002.62
    TUSAHOL:TIHaci Omer Sabanci Holding AS10.0002.35
    TUAKBNK:TIAkbank TAS7.9301.80
    TUTHYAO:TITurk Hava Yollari9.0201.58
    TUARCLK:TIArcelik AS14.4500.35
    TUCCOLA:TICoca-Cola Icecek AS45.100-0.55

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    TUENKAI:TIEnka Insaat ve Sanayi AS5.180-9.91
    TUISCTR:TITurkiye Is Bankasi5.660-5.98
    TUTAVHL:TITAV Havalimanlari Holding AS22.100-5.96
    TUTTKOM:TITurk Telekomunikasyon AS6.950-5.95
    TUKCHOL:TIKOC Holding AS11.900-5.93
    TUEREGL:TIEregli Demir ve Celik Fabrikalari TAS4.280-4.89
    TUKOZAL:TIKoza Altin Isletmeleri AS26.800-3.77
    TUEKGYO:TIEmlak Konut Gayrimenkul Yatirim Ortaklig2.990-3.24
    TUVAKBN:TITurkiye Vakiflar Bankasi Tao4.600-3.16
    TUTCELL:TITurkcell Iletisim Hizmetleri AS11.600-2.52

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    TUKOZAL:TIKoza Altin Isletmeleri AS26.80071.79
    TUTUPRS:TITupras Turkiye Petrol Rafinerileri AS66.60020.43
    TUTAVHL:TITAV Havalimanlari Holding AS22.10015.71
    TUTOASO:TITofas Turk Otomobil Fabrikasi AS18.05013.17
    TUFROTO:TIFord Otomotiv Sanayi AS35.6509.52
    TUAEFES:TIAnadolu Efes Biracilik Ve Malt Sanayii A24.6508.59
    TUEKGYO:TIEmlak Konut Gayrimenkul Yatirim Ortaklig2.9907.94
    TUSAHOL:TIHaci Omer Sabanci Holding AS10.000-1.48
    TUENKAI:TIEnka Insaat ve Sanayi AS5.180-1.89
    TUSISE:TITurkiye Sise ve Cam Fabrikalari AS3.560-2.20

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    TUTCELL:TITurkcell Iletisim Hizmetleri AS11.600-18.88
    TUISCTR:TITurkiye Is Bankasi5.660-16.02
    TUYKBNK:TIYapi ve Kredi Bankasi AS4.120-15.75
    TUCCOLA:TICoca-Cola Icecek AS45.100-10.69
    TUGARAN:TITurkiye Garanti Bankasi AS8.430-10.51
    TUAKBNK:TIAkbank TAS7.930-8.43
    TUTHYAO:TITurk Hava Yollari9.020-6.33
    TUVAKBN:TITurkiye Vakiflar Bankasi Tao4.600-5.74
    TUTTKOM:TITurk Telekomunikasyon AS6.950-4.40
    TUEREGL:TIEregli Demir ve Celik Fabrikalari TAS4.280-4.04

    Sector Performance 1m %
    NameSectorch
    Consumer Discretionary5.0
    Consumer Staples2.6
    Financials-1.5
    Materials-1.5
    Energy-1.7
    Communications-4.2
    Industrials-6.0
    Utilities-9.9

    Sector Performance YTD %
    NameSectorch
    Materials21.9
    Industrials15.7
    Energy8.2
    Consumer Discretionary3.2
    Consumer Staples-1.5
    Utilities-1.9
    Financials-6.7
    Communications-11.6

    Table of Contents


    China Stance
         China Valuations
         China Top Stock Picks
         China Top Bond Picks
         China Last Month Performance Review

    India Stance
         India Valuations
         India Top Stock Picks
         India Top Bond Picks
         India Last Month Performance Review

    Brazil Stance
         Brazil Valuations
         Brazil Top Stock Picks
         Brazil Top Bond Picks
         Brazil Last Month Performance Review

    Russia Stance
         Russia Valuations
         Russia Top Stock Picks
         Russia Top Bond Picks
         Russia Last Month Performance Review

    Turkey Stance
         Turkey Valuations
         Turkey Top Stock Picks
         Turkey Top Bond Picks
         Turkey Last Month Performance Review

    South Africa Stance
         South Africa Valuations
         South Africa Top Stock Picks
         South Africa Top Bond Picks
         South Africa Last Month Performance Review

    Korea Stance
         Korea Valuations
         Korea Top Stock Picks
         Korea Top Bond Picks
         Korea Last Month Performance Review


















    Turkey



    Our Stance

    Turkey has been normalising in May with subduing pressure on bonds as well as fairly resistant equity markets. Turkey is one of the few places on the Emerging markets with negative real rates, therefore overall we expect support for equities in Turkey.

    Valuations


    Turkey Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Financials64606.142.158.311.211.812.9
    Communications19464.112.7011.822.68.815.6
    Energy18075.211.7911.910.03.19.7
    Consumer Discretionary15626.010.1911.915.411.311.2
    Consumer Staples14916.99.7327.026.126.313.6
    Materials9653.06.3011.015.110.829.9
    Utilities7741.55.0512.713.616.311.9
    Industrials3192.82.0812.917.514.310.9

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet Margin McapUSmn1m Change %

    Tofas Turk Otomobil Fabrikasi AS(Long)

    		13.933.65.39%+52.80%4.71.28.43,066.710.1
  • Turkish Car Maker Tofas Says Has Resumed Production After Strike
  • Renault's Turkish Auto Workers End Walkout

    • Ford Otomotiv Sanayi AS(Long)

    		15.629.13.17%+42.77%4.60.96.04,337.37.9
  • Ford Otosan: Fabrikamızda üretimin başlamasından başka ...
  • Ford's Turkish joint venture hit by labor dispute

    • TAV Havalimanlari Holding AS(Long)

    		12.529.93.68%+41.73%3.73.124.73,192.8-6.0
  • KAP : TAV HAVALIMANLARI HOLDING A.S. / TAVHL [] OZEL ...
  • Debt + Lotteries = Social Decline

    • Tupras Turkiye Petrol Rafinerileri AS(Long)

    		12.421.2-%+30.64%2.60.43.56,078.12.6
  • (TEKRAR) KAP : TUPRAS-TURKIYE PETROL RAFINERILERI A.S. ...
  • KAP : TUPRAS-TURKIYE PETROL RAFINERILERI A.S. / TUPRS ...

    • Turkcell Iletisim Hizmetleri AS(Long)

    		11.816.914.62%+11.58%2.02.218.79,790.9-2.5
  • Thurs Pre-Market Outlook: Turkcell Iletisim Hizmetleri AS (TKC ...
  • Notable Session Mover: Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

    • Emlak Konut Gayrimenkul Yatirim Ortaklig(Short)

    		10.413.03.04%+18.31%1.42.523.64,391.3-3.2
  • ***Ekgyo***Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.( Özel ...
  • KAP : EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI A.S. ...

    • Turkiye Vakiflar Bankasi Tao(Short)

    		7.511.10.81%+5.55%0.80.810.44,441.1-3.2
  • BRIEF-Turkey's Vakiflar Bank to issue 12 bln lira of debt
  • KAP : TURKIYE VAKIFLAR BANKASI T.A.O. / VAKBN [] IZAHNAME ...

    • Turkiye Sise ve Cam Fabrikalari AS(Short)

    		0.00.01.42%+48.82%1.10.90.02,174.44.1
  • KAP : TURKIYE SISE VE CAM FABRIKALARI A.S. / SISE [] OZEL ...
  • KAP : TURKIYE SISE VE CAM FABRIKALARI A.S. / SISE [] NAKIT ...

    • Anadolu Efes Biracilik Ve Malt Sanayii A(Short)

    		28.76.21.93%-10.53%1.81.44.94,982.49.6
  • (TEKRAR) KAP : ANADOLU EFES BIRACILIK VE MALT SANAYII ...
  • ***Aefes***Anadolu Efes Biracılık Ve Malt Sanayii A.Ş.( Kurumsal ...

    • Turkiye Halk Bankasi AS(Short)

    		7.514.61.24%-3.78%1.11.215.96,334.4-1.5
  • KAP : TURKIYE HALK BANKASI AS / HALKB [] SERMAYE PIYASASI ...
  • (TEKRAR) KAP : TURKIYE HALK BANKASI A.S. / HALKB [] OZEL ...

    • Bond Picks

    Souvereign Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    TURKEY (REPUBLIC OF) 41111.06.00USDJan 14, 204113.125.220.13-2.00
  • Sanders Exaggerates Inequality
    • TURKEY (REPUBLIC OF) 25122.87.38USDFeb 5, 20257.144.450.10-1.00
  • MURAT YETKİN > Blows below the belt ahead of Turkey's election
    • TURKEY (REPUBLIC OF) 19113.57.00USDMar 11, 20193.373.20-0.060.00
  • MURAT YETKİN > Blows below the belt ahead of Turkey's election
    • TURKEY (REPUBLIC OF) 18110.86.75USDApr 3, 20182.632.77-0.130.10
  • Kona Airport Could Take Direct Japan Flights Under New Rule
    • TURKEY (REPUBLIC OF) 36121.56.88USDMar 17, 203611.675.180.10-1.50
  • Panthers take fourth at state

    • Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    TURKIYE GARANTI BANKASI AS RegS 22102.35.25USDSep 13, 20226.044.93-0.110.70
  • Turkey ETF: Still a Strong Play?
    • TURKIYE VAKIFLAR BANKASI TAO MTN RegS 18102.35.00USDOct 31, 20183.184.32-0.260.80
    TURKIYE IS BANKASI AS RegS 17101.13.88USDNov 7, 20172.363.43-0.160.40
  • (TEKRAR) KAP : TURKIYE IS BANKASI A.S. / ISATR ISBTR ISCTR ...
    • YAPI VE KREDI BANKASI AS RegS 2097.274.00USDJan 22, 20204.214.71-0.291.19
  • Moody's: UK Covered Bond Programmes Have the Highest Foreign ...
    • AKBANK TAS RegS 22100.15.00USDOct 24, 20226.195.040.010.00
  • Citigroup Beats Earnings

    • Local Currency Bonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    TURKEY (REPUBLIC OF) 1638.329.00TRYJan 27, 20160.639.91-0.751.58
  • Share this Article
    • TURKEY (REPUBLIC OF) 1937.938.50TRYJul 10, 20193.328.98-0.582.07
  • MURAT YETKİN > Blows below the belt ahead of Turkey's election
    • TURKEY (REPUBLIC OF) 2041.0110.50TRYJan 15, 20203.558.82-0.602.29
  • Officials propose screening U.S.-bound passengers at foreign airports
    • TURKEY (REPUBLIC OF) 2237.878.50TRYSep 14, 20225.278.85-0.672.62
  • Erdogan tries to rewrite history
    • TURKEY (REPUBLIC OF) 1835.996.30TRYFeb 14, 20182.409.11-0.812.02
  • Kona Airport Could Take Direct Japan Flights Under New Rule

    • Turkey Last Month Review



    Turkey XU100:IND Index lost-1.15% last month. To finish the month at 82981.15

    MSCI Turkey Index gained 0.39% last month. Its overall down -16.30% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    TRL last month gained 0.37% against US dollar. To finish the month at 2663100.0000 per USD.

    Sovereign eurobonds are trading with average yield of 4.33% and widened by0.04% last month.

    Corporate eurobonds are trading with average yield of 4.49% and tightened by -0.16% last month.

    Local currency bonds are trading with average yield of 9.11% and tightened by -0.66% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in Turkey included Tofas Turk Otomobil Fabrikasi AS +10.06%, Anadolu Efes Biracilik Ve Malt Sanayii A +9.56%, Ford Otomotiv Sanayi AS +7.87%, Turkiye Sise ve Cam Fabrikalari AS +4.09%, Tupras Turkiye Petrol Rafinerileri AS +2.62%, Haci Omer Sabanci Holding AS +2.35%, Akbank TAS +1.80%, Turk Hava Yollari +1.58%, Arcelik AS +0.35%, Coca-Cola Icecek AS-0.55%, .

    Worst stocks last month included Enka Insaat ve Sanayi AS -9.91%, Turkiye Is Bankasi -5.98%, TAV Havalimanlari Holding AS -5.96%, Turk Telekomunikasyon AS -5.95%, KOC Holding AS -5.93%, Eregli Demir ve Celik Fabrikalari TAS -4.89%, Koza Altin Isletmeleri AS -3.77%, Emlak Konut Gayrimenkul Yatirim Ortaklig -3.24%, Turkiye Vakiflar Bankasi Tao -3.16%, Turkcell Iletisim Hizmetleri AS -2.52%,

    Best stocks YTD included Koza Altin Isletmeleri AS +71.79%, Tupras Turkiye Petrol Rafinerileri AS +20.43%, TAV Havalimanlari Holding AS +15.71%, Tofas Turk Otomobil Fabrikasi AS +13.17%, Ford Otomotiv Sanayi AS +9.52%, Anadolu Efes Biracilik Ve Malt Sanayii A +8.59%, Emlak Konut Gayrimenkul Yatirim Ortaklig +7.94%, Haci Omer Sabanci Holding AS-1.48%, Enka Insaat ve Sanayi AS-1.89%, Turkiye Sise ve Cam Fabrikalari AS-2.20%,

    While worst stocks YTD included Turkcell Iletisim Hizmetleri AS -18.88%, Turkiye Is Bankasi -16.02%, Yapi ve Kredi Bankasi AS -15.75%, Coca-Cola Icecek AS -10.69%, Turkiye Garanti Bankasi AS -10.51%, Akbank TAS -8.43%, Turk Hava Yollari -6.33%, Turkiye Vakiflar Bankasi Tao -5.74%, Turk Telekomunikasyon AS -4.40%, Eregli Demir ve Celik Fabrikalari TAS -4.04%,
    In terms of sector performance last month the best sectors included Consumer Discretionary +5.0%, Consumer Staples +2.6%, Financials-1.5%,

    While worst sector performance last month showed Utilities -9.9%, Industrials -6.0%, Communications -4.2%,

    YTD the best sectors remain Materials +21.9%, Industrials +15.7%, Energy +8.2%,
    While the worst sectors are Communications -11.6%, Financials -6.7%, Utilities -1.9%,

    Turkey currency vs. USD



    Source: Midlincoln

    Turkey XU100:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for Turkey include:


  • Turkish and Greek Cypriot leaders enjoy coffee in divided capital
  • Erdogan to provide Mercedes to top cleric following uproar
  • IPI calls on Erdoğan to stop 'vilification campaign' against Hürriyet ...
  • Turkey sends ship to help Rohingya Muslims
  • Davutoğlu sees 'coup-like' plots, says joint presidential candidate ...
  • Davutoglu promises 'a new Turkey' in giant Istanbul rally
  • Peace process will be hurt if HDP enters Parliament, deputy PM says
  • KCK leader says PKK disarmament conference no longer on agenda
  • Peace feelers to Armenia fell on deaf ears, says deputy PM
  • Deputy PM Arınç doubts AK Party's record on justice
  • World Bank report: Turkey fails to honor pledge to Gaza
  • Finance minister: Luxury vehicles 'nothing' compared to Turkish ...
  • Turkey ready to put up capital for Islamic megabank: Deputy PM ...
  • Babacan points to external fluctuations for tumbling lira
  • Babacan: If poor judicial record persists, Turkey will crave for current ...
  • Turkey's First Lady visits cultural center in Sarajevo
  • Redistricting by ruling AK Party in Ordu province backfires
  • DIARY-Turkey - to June 10
  • CIHAN NEWS AGENCY Outlook GMT 18:00 Monday, February 20
  • Agriculture Ministry assures to buy unsold animals in Eid
  • Turkey\'s PM unveils new cabinet
  • Suspicious packages cause blasts at HDP headquarters in Adana ...
  • Bomb blasts hit HDP offices in southern Turkey wounding six
  • AKP Adana candidate stabbed in the stomach
  • Commercial flights to begin on May 26 from artificial island
  • Is there a potato conspiracy in Turkey?
  • Gov't rushes to discredit CHP trade hub plan
  • Suspicious packages cause blasts at HDP headquarters in Adana ...
  • ECONOMICS > European leaders fear social unrest in Greece will ...
  • Prosecutors submit indictment to court in wiretapping case
  • 'AK Party's use of mosques against principles of religion and ...
  • EU expert pessimistic about post-election economy, future of ...
  • Turkish gov't to bosses: Resist opposition's minimum wage promises
  • Turkey aims for renewable energy to reach 20000 MW
  • AKP Adana candidate stabbed in the stomach
  • Alexey Miller and Taner Yildiz address Turkish Stream
  • First report ready for 3-level sub-sea tunnel of Istanbul
  • Dubious real estate jackpot for Turkish minister's daughter
  • Turkey issues climate change declaration
  • DIARY-Turkey - to June 10
  • Greek Cypriots welcome EU-Turkey talks
  • EU Enlargement Commissioner Hahn: Turkey's EU bid may ...
  • Turkish family ministry to launch daycare units for elderly, disabled
  • 'Sex tape' claims stir Turkish politics
  • International family film festival begins
  • Cihan News Agency Diary
  • CHP's megacity project includes puzzling points
  • World Bank report: Turkey fails to honor pledge to Gaza
  • Turkish FM attends MIKTA meeting in S. Korea
  • FM Çavuşoğlu visits Seoul for MIKTA meeting
  • World Bank report: Turkey fails to honor pledge to Gaza
  • Istanbul hosted the 3rd International Water Forum
  • Stats: Turkey gave $9 billion in aid to Turkish Cypriots since 2006
  • UPDATE - Erdogan: Permanent solution to Cyprus issue benefits all
  • Day 2 of the World Health Assembly: highlights for the European ...
  • Gürsu mayor's attacker surrenders to police
  • Turkey's Ministry of Health to hand out one million bicycles to ...
  • Police chief says Salam-Tawhid probe revealed Iranian spy network ...
  • Gov't sets up 'concentration camp' for bureaucrats, says daily
  • Top gov't officials accused of war crimes over arms-carrying MİT trucks
  • Egypt repeating Turkey's 1960 history: PM Davutoglu
  • Turkey Casts the Diyanet
  • YALÇIN DOĞAN > 'Welcome to the Canton of Sur'
  • On May Day, 67 percent of Turkish workers unhappy
  • Relatives of Soma victims hold rally, demand justice
  • ABDÜLKADİR CİVAN
  • Turkey launches probe into 1000 Gülen-linked suspects in military
  • Turkish military in mood of passive resistance against AK Party gov't
  • Assad uses ISIS to weaken moderate forces, says presidential ...
  • Election economics and the A20
  • New state projects aim to promote cycling across Turkey
  • Turkey, Qatar to launch joint university for Syrian refugees
  • Işık calls on autoworkers to return to production
  • Circassia: Genocide Anniversary
  • Hyundai begins to production of its H350 series in Bursa
  • Undersecretaries to take over as ministers of interior, justice and ...
  • Turkey rolling up sleeves for 4G
  • Turkey to conduct 5G and 4G tender together
  • VIDEO: Erdoğan cycles with 'champion's bike' through bodyguards ...
  • Minister closes Olympic pool for wife's swimming lesson
  • İstanbul governor not present at May 19 celebrations in Taksim Square
  • Turkey bank keeps main interest rates unchanged
  • Turkey's Central Bank Leaves All Interest Rates Unchanged
  • Turkey in Rates Denial Gets No Reprieve as Yields Show Inverse
  • Turks, Armenians hold rival demonstrations in US over 1915 events
  • Syrian refugee pianist performs in US capital for peace
  • Turkish voters in the US begin voting for June 7 elections
  • Baku-2015 stand displayed in Turkish Day Parade held in New York ...
  • Turkish PM lands in New York
  • Propaganda oblivious to Jewish tears as it stokes the fires of anti ...

    While some economic events and news headlines include:



    Friday May 29 2015
    Turkish Trade Deficit Narrows 31.9% YoY in May
    Trade gap in Turkey decreased by 31.9 percent to USD 4.97 billion in April from USD 7.22 billion a year earlier, as exports slightly increased and imports declined.
    Wednesday May 20 2015
    Turkey Leaves Monetary Policy Unchanged
    Turkish central bank left its benchmark one-week repo rate on hold at 7.5 percent in May, as expected by markets. Policymakers showed concern over the high levels of inflation, that has been on an upward trend since the beginning of the year.
    Friday May 15 2015
    Turkey Unemployment Rate Slows to 11.2%
    Turkish jobless rate decreased to 11.2 percent in February of 2015, after reaching a 5-year high in the previous month, as the number of unemployed persons fell while employment rose.
    Monday May 04 2015
    Turkey Inflation Rate Rises in April
    Turkish consumer prices increased 7.91 percent year-on-year in April of 2015, following a 7.61 percent rise in the previous month. It is the highest inflation rate in four months due to rising food prices.
    Thursday April 30 2015
    Turkish Trade Deficit Widens in March
    Trade gap in Turkey increased 17.2 percent to USD 6.16 billion in March as exports fell more than imports.
  • Turkey's economic centre continues to shine
  • Turkey: A flagging growth story
  • Samsung Group And Apple Eye Turkey For Growth
  • Technology Is The Path To Turkey's Future
  • Samsung Group And Apple Eye Turkey For Growth
  • Technology Is The Path To Turkey's Future
  • Turkey's 2.9 pct growth in 2014 fails to meet target
  • Turkish PMI dips to 6-year low, exports contract by 14 pct in March
  • Greece's cash crunch
  • Turkey runs deficit in February due to infrastructure, interest ...
  • Turkish Treasury to repay $16.5 billion of debt by June

    Companies Reported last month include:



    2015-05-05 Coca-Cola Icecek AS
    TU
  • Coca-Cola Icecek's (COACF) CEO Burak Basarir on Q3 2014 ...
  • Fitch Affirms Coca-Cola Icecek at 'BBB'; Outlook Stable

    2015-05-06 Anadolu Efes Biracilik Ve Malt Sanayii A
    TU
  • Anadolu Efes sees Q4 recovery in Turkey volumes
  • ***AEFES***ANADOLU EFES BİRACILIK VE MALT SANAYİİ A.Ş ...

    2015-05-07 Turkiye Vakiflar Bankasi Tao
    TU
  • KAP : TURKIYE VAKIFLAR BANKASI T.A.O. / VAKBN [] SERMAYE ...
  • MIDEAST STOCKS - Factors to watch - Jan 21

    2015-05-07 TAV Havalimanlari Holding AS
    TU
  • Weak Fiscal Buffers to Confront Incoming Administration
  • United Announces Record First-Quarter Profit

    2015-05-08 Turkiye Is Bankasi
    TU
  • Spanish Banks Overseas Push Reflects Doubts on Recovery at Home
  • BRIEF-Turkiye Kalkinma Bankasi Q1 net profit up to 15 mln lira

    2015-05-08 Yapi ve Kredi Bankasi AS
    TU
  • KAP : YAPI VE KREDI BANKASI A.S. / YKBNK [] SERMAYE ...
  • Moody's assigns a Baa1 IFSR to Allianz Sigorta, the main Turkish ...

    2015-05-08 Tupras Turkiye Petrol Rafinerileri AS
    TU
  • Iran sanctions relief has Russia, China, Turkey lining up to cash in
  • TUPRAS-TURKIYE PETROL RAFINERILERI AS / TUPRS [TUPRS ...

    2015-05-08 BIM Birlesik Magazalar AS
    TU
  • (TEKRAR) KAP : BIM BIRLESIK MAGAZALAR A.S. / BIMAS [] PAY ...
  • Turkey Stocks: Aksigorta, Bim Birlesik, Turk Hava Yollari Move

    2015-05-08 Koza Altin Isletmeleri AS
    TU
  • Gold in them there hills?
  • Medgold Options Boticas Project to Koza Ltd., and Koza to Invest ...

    2015-05-08 Enka Insaat ve Sanayi AS
    TU
  • Blue Ridge Parkway to close again for hazard tree work
  • Liability limits to increase by 51%

    2015-05-11 Turkiye Sise ve Cam Fabrikalari AS
    TU
  • Sinking Ruble Drags Down Global Companies That Lean on ...
  • Sinking Ruble Drags Down Global Companies That Lean on ...

    2015-05-11 Turk Hava Yollari
    TU
  • KAP : TURK HAVA YOLLARI A.O. / THYAO [] OZEL DURUM ...
  • Stock Slide Makes Turkish, Indian Shares Attractive

    2015-05-12 Tofas Turk Otomobil Fabrikasi AS
    TU
  • Turkey's Tofas lifts 2015 auto sales outlook to 800000 vehicles
  • ***Toaso***Tofaş Türk Otomobil Fabrikası A.Ş.( Kar Payı Dağıtımına ...

    2015-05-12 KOC Holding AS
    TU
  • Koc Holding says 2014 net income largely flat at 2.71 bln lira
  • Koc Holding says 2014 net income largely flat at 2.71 bln lira

    2015-05-12 Haci Omer Sabanci Holding AS
    TU
  • Turkish regulator approves Aviva, Sabanci pension unit partial float
  • EON Emerging Markets Foray to Cut Profit as Russia Slows

    Best Stocks Last Month and News


    Tofas Turk Otomobil Fabrikasi AS+10.06%
  • Ford's Turkish joint venture hit by labor dispute
    Anadolu Efes Biracilik Ve Malt Sanayii A+9.56%
  • (TEKRAR) KAP : ANADOLU EFES BIRACILIK VE MALT SANAYII ...
    Ford Otomotiv Sanayi AS+7.87%
  • Ford's Turkish joint venture hit by labor dispute
    Turkiye Sise ve Cam Fabrikalari AS+4.09%
  • KAP : TURKIYE SISE VE CAM FABRIKALARI A.S. / SISE ...
    Tupras Turkiye Petrol Rafinerileri AS+2.62%
  • ***TUPRS***TÜPRAŞ-TÜRKİYE PETROL RAFİNERİLERİ A.Ş ...
    Haci Omer Sabanci Holding AS+2.35%
  • KAP : HACI OMER SABANCI HOLDING AS / SAHOL [KORDS] OZEL ...
    Akbank TAS+1.80%
  • KAP : AKBANK T.A.S. / AKBNK [] SERMAYE PIYASASI ARACININ ...
    Turk Hava Yollari+1.58%
  • 12-25 yaş arasındaki gençlere THY'den yüzde 30 indirim
    Arcelik AS+0.35%
  • [Video] Militant strike of Turkish car workers
    Coca-Cola Icecek AS-0.55%
  • Barings' Struggling Emerging-Market Portfolio Gets Overhaul

    Worst Stocks Last Month and News


    Enka Insaat ve Sanayi AS -9.91%
  • ***Enkaı***Enka İnşaat Ve Sanayi A.Ş.( Şgbf-Bağlı Ortaklıklar ...
    Turkiye Is Bankasi -5.98%
  • Çinli dev banka 'ICBC' Türkiye'de imzayı attı
    TAV Havalimanlari Holding AS -5.96%
  • RUSH HOUR: The stories you need to know today
    Turk Telekomunikasyon AS -5.95%
  • Galatasaray and Fenerbahçe in Champions League
    KOC Holding AS -5.93%
  • İhracatta Koç Holding farkı
    Eregli Demir ve Celik Fabrikalari TAS -4.89%
  • ***EREGL***EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş ...
    Koza Altin Isletmeleri AS -3.77%
  • Aberdeenshire village could be home to BILLIONS of pounds worth ...
    Emlak Konut Gayrimenkul Yatirim Ortaklig -3.24%
  • Emlak Konut GYO: 'Konutta sıçrama bekliyoruz'
    Turkiye Vakiflar Bankasi Tao -3.16%
  • KAP : TURKIYE VAKIFLAR BANKASI T.A.O. / VAKBN [] SGBF ...
    Turkcell Iletisim Hizmetleri AS -2.52%
  • Today's Morning Ratings: Macrocure Ltd. (MCUR), Turkcell Iletisim ...

    View Turkey Econ Page






    • South Africa Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    JALSH:IND -3.995.025.32
    MSCI South Africa -7.76-1.43-3.80
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    SAPPC:SJPPC Ltd2030.0019.27
    SARLO:SJReunert Ltd6745.0011.21
    SAWHL:SJWoolworths Holdings Ltd/South Africa9540.006.57
    SABAW:SJBarloworld Ltd9828.003.34
    SAAPN:SJAspen Pharmacare Holdings Ltd36531.000.91
    SAMSM:SJMassmart Holdings Ltd15075.000.49
    SATRU:SJTruworths International Ltd8675.000.03
    SAPIK:SJPick n Pay Stores Ltd5705.00-0.09
    SASHF:SJSteinhoff International Holdings Ltd7525.00-0.44
    SANHM:SJNortham Platinum Ltd4835.00-0.98

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    SAGFI:SJGold Fields Ltd4227.00-22.13
    SAHAR:SJHarmony Gold Mining Co Ltd1795.00-21.27
    SANPK:SJNampak Ltd3577.00-16.13
    SAMDC:SJMediclinic International Ltd10685.00-15.29
    SAEXX:SJExxaro Resources Ltd8400.00-13.62
    SAANG:SJAngloGold Ashanti Ltd11765.00-12.75
    SAAMS:SJAnglo American Platinum Ltd28895.00-11.68
    SARDF:SJRedefine Properties Ltd1070.00-11.28
    SASLM:SJSanlam Ltd6847.00-11.04
    SASOL:SJSasol Ltd42820.00-10.91

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    SANHM:SJNortham Platinum Ltd4835.0031.74
    SALBH:SJLiberty Holdings Ltd15693.0027.91
    SASHF:SJSteinhoff International Holdings Ltd7525.0026.68
    SAWHL:SJWoolworths Holdings Ltd/South Africa9540.0023.74
    SATFG:SJFoschini Group Ltd/The16250.0021.96
    SANPN:SJNaspers Ltd178505.0017.82
    SAANG:SJAngloGold Ashanti Ltd11765.0015.68
    SASPP:SJSpar Group Ltd/The18620.0015.39
    SASAP:SJSappi Ltd4823.0014.29
    SAINL:SJInvestec Ltdtd>10998.0012.80

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    SAKIO:SJKumba Iron Ore Ltd15500.00-35.39
    SAPPC:SJPPC Ltd2030.00-26.18
    SAASR:SJAssore Ltd11161.00-25.42
    SATBS:SJTiger Brands Ltd28100.00-23.65
    SAGFI:SJGold Fields Ltd4227.00-19.19
    SAIMP:SJImpala Platinum Holdings Ltd6130.00-19.11
    SAEXX:SJExxaro Resources Ltd8400.00-18.84
    SANPK:SJNampak Ltd3577.00-18.00
    SAARI:SJAfrican Rainbow Minerals Ltd9780.00-17.82
    SAHAR:SJHarmony Gold Mining Co Ltd1795.00-16.94

    Sector Performance 1m %
    NameSectorch
    Technology11.2
    Industrials3.3
    Consumer Staples-2.9
    Consumer Discretionary-4.4
    Materials-7.3
    Health Care-7.9
    Financials-8.0
    Communications-8.1
    Energy-12.3

    Sector Performance YTD %
    NameSectorch
    Consumer Discretionary12.4
    Technology11.1
    Communications6.4
    Financials4.1
    Consumer Staples2.8
    Industrials2.7
    Health Care-1.3
    Energy-9.7
    Materials-11.0

    Table of Contents


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    South Africa



    Our Stance

    South Africa alongside Russia and Brazil is going through some rough times, economic growth in Q1 is fairly limited at 2%, unemployment is high, trade gap rising while stocks collapsed in May. Gold stocks have also been doing poorly given the strength of the dollar in May and some correction of gold price. Banks and consumers stocks have been fairly defensive however.

    Valuations


    South Africa Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Financials130423.827.8914.111.212.012.9
    Communications121550.026.0040.922.644.915.6
    Materials58160.612.4418.615.140.729.9
    Consumer Staples48595.510.3919.826.113.813.6
    Health Care38985.58.3425.227.711.922.6
    Consumer Discretionary37880.18.1018.815.46.111.2
    Energy29188.06.2412.410.00.19.7
    Industrials1845.10.3910.617.57.010.9
    Technology931.70.2011.614.93.012.0

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

    Life Healthcare Group Holdings Ltd(Long)

    		20.341.13.80%-5.67%8.32.914.13,570.7-10.6
  • Life Healthcare plans India, Poland deals as African costs rise
  • BRIEF-Life Healthcare says H1 HEPS down 2.9 pct

    • FirstRand Ltd(Long)

    		14.525.13.48%+44.18%3.62.819.626,762.8-8.5
  • Banks Face Scrutiny in First Rand-Rigging Probe Since 2002
  • African Bank Chooses Former FirstRand Executive to Lead Lender

    • Netcare Ltd(Long)

    		21.228.92.11%+52.52%6.11.77.95,175.9-6.6
  • Netcare Gains Most in Six Months as U.K. Profit Margin Widens
  • Kids' mental-health care to be steered to hospitals instead of Netcare

    • Spar Group Ltd/The(Long)

    		21.449.13.07%+57.58%10.50.52.42,778.0-2.5
  • 'No decision' on HS2 Scotland link
  • Thieves break into van in Tenbury

    • Vodacom Group Ltd(Long)

    		14.961.45.70%+13.75%9.12.617.318,523.9-9.9
  • Vodafone African unit Vodacom's earnings fall as tough competition ...
  • Africa's Biggest Fund Manager Said to Explore Vodacom Stake Deal

    • AngloGold Ashanti Ltd(Short)

    		14.610.3-%-30.95%1.50.85.84,598.3-12.7
  • AngloGold Ashanti Limited Rating Increased to Buy at Zacks (AU)
  • Basic Materials Stocks Highlights-AngloGold Ashanti Limited (ADR ...

    • Investec Ltd(Short)

    		12.912.62.95%+32.55%1.62.721.28,596.8-2.8
  • Investec plc Lifted to "Add" at Numis Securities Ltd (INVP)
  • INVESTEC ASSET MANAGEMENT NORTH AMERICA INC Top 10 ...

    • African Rainbow Minerals Ltd(Short)

    		13.26.45.94%-43.99%0.82.116.21,980.6-9.9
  • R1.5bn payout planned for miners with lung diseases
  • JSE closes lower in muted trade

    • Exxaro Resources Ltd(Short)

    		11.28.15.33%-34.99%0.91.916.92,923.4-13.6
  • Exxaro's Total Coal Buy Must Benefit Community, Minister Says
  • South African Stocks Drop in Longest Losing Streak in 16 Months

    • Anglo American PLC(Short)

    		16.45.45.67%-23.54%0.90.84.823,458.4-4.5
  • Is Rare Earth Minerals PLC A Better Buy Than Anglo American plc ...
  • Anglo American plc Price Target Cut to GBX 950 (AAL)

    • Bond Picks

    Souvereign Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    SOUTH AFRICA (REPUBLIC OF) 25113.75.88USDSep 16, 20257.844.220.19-1.80
  • Video: Weeks sees red in fatal Rebels loss
    • REPUBLIC OF SOUTH AFRICA 19115.26.88USDMay 27, 20193.482.83-0.090.10
  • Child sex abuse claims shake UN as revelations continue
    • SOUTH AFRICA (REPUBLIC OF) 20110.25.50USDMar 9, 20204.233.18-0.030.00
  • Zambia among world's most unequal countries – report
    • SOUTH AFRICA (REPUBLIC OF) 24104.54.67USDJan 17, 20247.054.040.21-1.60
  • Child sex abuse claims shake UN as revelations continue
    • ESKOM HOLDINGS SOC LTD RegS 23102.56.75USDAug 6, 20236.256.450.29-1.80
  • South Africa Considers Selling Stake in Power Utility Eskom

    • Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    ESKOM HOLDINGS LTD RegS 2199.435.75USDJan 26, 20214.795.950.02-0.09
  • SA companies come to Eskom's rescue
    • STANDARD BANK PLC MTN RegS 19114.08.13USDDec 2, 20193.774.71-0.100.30
  • Fishing Line: As sturgeon leave spotlight, rainbow trout move in
    • ANGLOGOLD ASHANTI HOLDINGS PLC 2296.715.13USDAug 1, 20225.915.690.01-0.03
  • Tracking John Paulson's Paulson & Company Portfolio - Q1 2015 ...

    • Local Currency Bonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    SOUTH AFRICA (REPUBLIC OF) 269.9610.50ZARDec 21, 20266.748.050.000.11
  • US takes steps to extend African exports law by 10 more years, but ...
    • SOUTH AFRICA (REPUBLIC OF) 178.638.25ZARSep 15, 20172.067.060.000.10
  • United Nations of tennis at Deering High
    • SOUTH AFRICA (REPUBLIC OF) 366.526.25ZARMar 31, 20369.848.600.000.08
  • 'Ebola will return', veteran scientist warns
    • SOUTH AFRICA (REPUBLIC OF) 218.066.75ZARMar 31, 20214.687.670.050.08
  • Video: Weeks sees red in fatal Rebels loss
    • SOUTH AFRICA (REPUBLIC OF) 416.576.50ZARFeb 28, 204110.198.640.000.08
  • Bernie Sanders Exaggerates Claim About Income Inequality

    • South Africa Last Month Review



    South Africa JALSH:IND Index lost-3.99% last month. To finish the month at 52270.86

    MSCI South Africa Index lost-7.76% last month. Its overall down -1.43% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    ZAR last month lost -2.02% against US dollar. To finish the month at 12.1525 per USD.

    Sovereign eurobonds are trading with average yield of 4.69% and widened by0.14% last month.

    Corporate eurobonds are trading with average yield of 5.45% and tightened by -0.02% last month.

    Local currency bonds are trading with average yield of 7.85% and widened by0.01% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in South Africa included PPC Ltd +19.27%, Reunert Ltd +11.21%, Woolworths Holdings Ltd/South Africa +6.57%, Barloworld Ltd +3.34%, Aspen Pharmacare Holdings Ltd +0.91%, Massmart Holdings Ltd +0.49%, Truworths International Ltd +0.03%, Pick n Pay Stores Ltd-0.09%, Steinhoff International Holdings Ltd-0.44%, Northam Platinum Ltd-0.98%, .

    Worst stocks last month included Gold Fields Ltd -22.13%, Harmony Gold Mining Co Ltd -21.27%, Nampak Ltd -16.13%, Mediclinic International Ltd -15.29%, Exxaro Resources Ltd -13.62%, AngloGold Ashanti Ltd -12.75%, Anglo American Platinum Ltd -11.68%, Redefine Properties Ltd -11.28%, Sanlam Ltd -11.04%, Sasol Ltd -10.91%,

    Best stocks YTD included Northam Platinum Ltd +31.74%, Liberty Holdings Ltd +27.91%, Steinhoff International Holdings Ltd +26.68%, Woolworths Holdings Ltd/South Africa +23.74%, Foschini Group Ltd/The +21.96%, Naspers Ltd +17.82%, AngloGold Ashanti Ltd +15.68%, Spar Group Ltd/The +15.39%, Sappi Ltd +14.29%, Investec Ltd +12.80%,

    While worst stocks YTD included Kumba Iron Ore Ltd -35.39%, PPC Ltd -26.18%, Assore Ltd -25.42%, Tiger Brands Ltd -23.65%, Gold Fields Ltd -19.19%, Impala Platinum Holdings Ltd -19.11%, Exxaro Resources Ltd -18.84%, Nampak Ltd -18.00%, African Rainbow Minerals Ltd -17.82%, Harmony Gold Mining Co Ltd -16.94%,
    In terms of sector performance last month the best sectors included Technology +11.2%, Industrials +3.3%, Consumer Staples-2.9%,

    While worst sector performance last month showed Energy -12.3%, Communications -8.1%, Financials -8.0%,

    YTD the best sectors remain Consumer Discretionary +12.4%, Technology +11.1%, Communications +6.4%,
    While the worst sectors are Materials -11.0%, Energy -9.7%, Health Care -1.3%,

    South Africa currency vs. USD



    Source: Midlincoln

    South Africa JALSH:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for South Africa include:


  • Grinning while somebody calls you a liar on TV
  • SA mutes its Burundi call for 'diplomatic' reasons
  • Jordaan facing ANC sabotage?
  • Why Speaker frets over ANC leadership
  • Beware of the bull in the SONA shop
  • DA leadership race: Maimane & James race to define party's future
  • Old habits die hard, even with a new portfolio
  • Energy minister wants Necsa CEO's suspension overturned
  • MPs grill Joemat-Pettersson, hint at corruption
  • Uncertainty clouds impact of new arts funding organisation
  • Jozi man takes exception to 'lazy' label
  • 'Arts DG purged to make way for adviser'
  • Nosiviwe Noluthando Mapisa-Nqakula
  • Teacher union demands test ANC's resolve
  • UPDATE 1-Africa growth still robust but Ebola threatens western ...
  • Finally, real progress on spectrum in SA
  • Africa Tech Trends: Possible remittance merger might help online firms
  • Etv's legal wrangle to 'paralyse' digital migration
  • Yunus Carrim
  • Today's top stories
  • Cadre deployment red-carded
  • Time to sort out ANC Youth League: Zuma
  • South Africans urged to keep Mandela's legacy alive by embracing ...
  • Seven Robbers Shot Dead In South Africa
  • South Africa Mine Shooting Leads To Higher Wage Demands At ...
  • Duduzane Zuma to be Gupta news channel's BEE partner
  • Mapisa-Nqakula sacks Armscor heads
  • In the Chamber, Politics Has to Play - Minister Zulu
  • Davies' policy nightmare
  • Africa Day Symposium in Johannesburg to address economic benefits
  • Minister issues stern warning to drunk drivers
  • Your days are numbered, drunk drivers told
  • Sense prevails at last over ancient Hong Kong relics at MTR station ...
  • Summary of the Third UN World Conference on Disaster Risk ...
  • Daily report of the Third UN World Conference on Disaster Risk ...
  • Summary of the Third UN World Conference on Disaster Risk ...
  • In a major policy shift, mothers in South Africa are encouraged to ...
  • Include non-communicable diseases for surveillance: India
  • Brazil's Health System Inspires Abroad, Frustrates at Home
  • 'SACP involvement in govt. is necessary'
  • Biko through his quotes
  • De Lille to stand for Western Cape DA leader
  • Nosiviwe Noluthando Mapisa-Nqakula
  • Malusi Gigaba could face jail time
  • Südafrika: Minenstreik-, DSM- und WASP-Aktivistin Liv Shange von ...
  • Earl Spencer to battle ex-wife in High Court today
  • Roger Forbes, Elizabeth Franz, Robert Foxworth and Jill Tanner to ...
  • When Political Sensitivities and Science Collide with Religion
  • President Jacob Zuma Concludes State Visit to Republic of ...
  • South Africa supports regional solution to Burundi crisis – Nkoana ...
  • Minister Maite Nkoana-Mashabane Arrives in Tehran for 12th ...
  • Happy Premature April Fool's Day
  • ≈ Comments Off on Digital campaign to stop “corrective” rape ...
  • Balintulo v. Daimler AG: US Court of Appeals judgment
  • Employers say striking union rejects new wage offer
  • Eskom CEO ponders gas as nuclear alternative
  • SA 'needs more locals playing the field' in renewable energy
  • Implats and Lonmin in union talks on closures
  • Why Zuma is wrong on migrants
  • Amplats plan to retrench 474 workers reignites NUM's anger
  • National crime stats to be announced
  • Mdluli barred from offices
  • Police blow R45m on food, accommodation
  • SA ID book 'the most stupid document you can imagine'
  • Yunus Carrim
  • Caught on SMS - Gigaba's saucy exchanges exposed
  • Rat attack: Bitten baby under observation
  • Rat infestations blamed on lack of hygiene
  • Owls, traps to address city's rat scourge
  • Landowners can challenge expropriation bill
  • Meet those who are now rising in the ranks
  • Public Works stabilised - Nxesi
  • Bitter fight looms over land
  • Minister pledges Khoisan gains
  • Madonsela calls for rational discourse on Nkandla letter
  • WTTC Global Summit opens today in Madrid
  • VIDEO: Institute urges youth to consider a career in engineering
  • Apple's latest gizmo clocks in — but does your heart skip a beat?
  • World Cup warning to drug mules
  • 'Help SA prisoners abroad'
  • Children rule for a day
  • THE INSIDER: Young communists beat the hell out of language
  • Picture Credit: Facebook
  • Maimane taking Gauteng's vote
  • President Mugabe in Historic State Visit
  • Tag der internationalen Pressefreiheit
  • Globacom Nigeria launches LTE‎ Network
  • SA Tourism Tragedy Looming
  • SA Tourism needs more money
  • The Asbestos Slug Fest:…385 000 jobs hang by a thread
  • The 2014 -2015 NatWest Venus Awards: Recognising Women in ...
  • General Election 2015: Babies and periods? Campaigns generalise ...
  • What's on in Greater Manchester this week: March 27 - April 2
  • Breakfast Edition: 20 May 2015
  • Panayiotou's alleged mistress gets lawyer after nervous breakdown
  • Today's top news
  • 'Horrific' record 1020 rhino killed in South Africa
  • South Africa's anti-poaching effort goes to the dogs
  • Bring Mozambique, Vietnam, China to heel on poaching, DA asks ...
  • RIVERSIDE: New city rules allow killing of some squirrels
  • BOXING: Chavez looks to shed label
  • BOB PRATTE: Avid Hemet angler not whining about ramp closure
  • Government urged to curb service delivery issue
  • Mogoeng cracks judicial whip
  • Zuma promises big municipal spend ahead of 2016 elections
  • S.Africa out of global FDI rankings, as investors explore alternatives
  • Former WesBank head Brian Riley appointed as new African Bank ...
  • Jacob Zuma has missed his Truman moment
  • Know your place: Al Jazeera America purges CEO after NY Times ...
  • Mob violence sets SA xenophobia apart
  • Seeing the future
  • RÉUNION DE HAUT NIVEAU SUR L'ÉVALUATION DU PLAN D ...
  • Devant l'Assemblée générale, l'observateur de la Palestine avertit ...
  • QUATRIÈME COMMISSION: LES DÉLÉGATIONS PROFITENT DE ...

    While some economic events and news headlines include:



    Friday May 29 2015
    South Africa Trade Deficit Widens in April
    South African trade gap increased to ZAR 2.51 billion in April of 2015 from a revised ZAR 0.01 billion shortfall a month earlier as exports were down 7.5 percent and imports declined at a slower 4.8 percent.
    Tuesday May 26 2015
    South Africa Unemployment Rate Jumps to 10-Year High
    South Africa jobless rate increased to 26.4 percent in the first three months of 2015 from 24.3 percent in the precedent quarter. It is the highest rate since 2005, as unemployment rose 12.8 percent on quarter, while employment grew at a slower 0.9 percent.
    Tuesday May 26 2015
    South Africa GDP Growth Slows in Q1
    The South African economy expanded an annualized 1.3 percent on quarter in the first three months of 2015, down from 4.1 percent in the previous quarter and below market expectations, due to a slump in agriculture and manufacturing.
    Tuesday May 26 2015
    South Africa GDP Growth at 1-Year High
    The South African economy expanded 2.1 percent year-on-year in the first three months of 2015, up from 1.3 percent in the previous period and the highest growth rate since the last quarter of 2013. The mining sector rose for the first time in more than a year while manufacturing remains subdued and power shortages keep weighting down on growth.
    Thursday May 21 2015
    South Africa Leaves Rates on Hold; Lowers Growth Forecasts
    South African Reserve Bank left its key repo rate unchanged at 5.75 percent in May as widely expected, signaling a rate rise may occur soon due to inflationary pressures. Policymakers also lowered growth forecasts and hiked inflation ones.
    Wednesday May 20 2015
    South Africa Inflation Rate at 4-Month High
    Annual inflation rate in South Africa increased to 4.5 percent in April of 2015 from 4 percent in the previous month, boosted by prices of housing and utilities and miscellaneous goods and services while transport cost fell at a slower pace.
    Thursday April 30 2015
    South Africa Trade Balance Swings to Surplus
    South Africa posted a ZAR 483 million trade surplus in March of 2015, compared to a revised ZAR 8.7 billion deficit in February due to a surge in exports of precious metals and stones.
  • The missing middle of South Africa's economic ladder threatens ...
  • African Economies to Grow 4.5% on Average in 2015
  • Barclays Africa seeks Nigerian investment banking license, sees ...
  • Private equity looking past South Africa for growth
  • Toronto Maple Leafs fans win their dream wedding
  • Zuma stance may harvest a food crisis
  • Government mulls panel to resolve exporters' issues, boost shipments
  • Op-Ed: South Africa in the Age of Austerity
  • Op-Ed: South Africa in the Age of Austerity
  • Highlights of South Africa's Budget Speech 2015
  • Op-Ed: South Africa in the Age of Austerity

    Companies Reported last month include:



    2015-05-07 Gold Fields Ltd
    SA
  • Gold Fields Limited Sees Large Growth in Short Interest (GFI)
  • Federal Budget: Hey Joe, can you give Queensland a hand?

    2015-05-08 Harmony Gold Mining Co Ltd
    SA
  • What Everybody Ought to Know: Complementary Research on Helix ...
  • What Everybody Ought to Know: Complementary Research on Helix ...

    2015-05-08 Redefine Properties Ltd
    SA
  • Election 2015 live: Basic state pension to rise to £7000 a year by ...
  • Anchor Capital: Essential market review, 30 April

    2015-05-11 AngloGold Ashanti Ltd
    SA
  • Form 6-K ANGLOGOLD ASHANTI LTD For: Mar 06
  • Anchor Capital: Essential market review, 6 March

    2015-05-12 Life Healthcare Group Holdings Ltd
    SA
  • Fitch Assigns First-Time Ratings to Sabra Health Care REIT, Inc.
  • Life Healthcare South Africa Growth Slows After Local Sale

    2015-05-14 Sappi Ltd
    SA
  • Sappi Limited (SPP) Issues Earnings Results
  • Sappi sees savings from debt refinancing

    2015-05-18 Netcare Ltd
    SA
  • Anchor Capital: Essential market review 3 Dec
  • Anchor Capital: Essential market review 3 Dec

    2015-05-18 Vodacom Group Ltd
    SA


    2015-05-18 Barloworld Ltd
    SA
  • Barloworld shares up on results
  • Barloworld First-Half Profit Rises 72% on Australian Unit Sale

    2015-05-19 Reunert Ltd
    SA
  • Reunert targets acquisitions
  • Craig Martin: The highs and lows of investing for dividends

    2015-05-19 PPC Ltd
    SA
  • PPC posts flat HEPS as company recovers from boardroom fight
  • Anchor Capital: Essential market review 8 Dec

    2015-05-20 Spar Group Ltd/The
    SA
  • Max Hypermarket partners again with Spar to run its stores in India
  • Spar 2014 Profit Beats Estimates on Own-Brand Food Sales

    2015-05-20 Tiger Brands Ltd
    SA
  • Anchor Capital: Essential market review 9 Dec
  • Anchor Capital: Essential market review 9 Dec

    2015-05-21 Mediclinic International Ltd
    SA
  • Sasha Naryshkine: BHP, Hulamin, Netcare, Pioneer
  • Life Healthcare South Africa Growth Slows After Local Sale

    2015-05-21 Investec Ltd
    SA
  • OPG profits jump 35pc in first-half
  • Investec H1 Pretax Profit Rises; Net Down

    2015-05-26 Nampak Ltd
    SA
  • BUSINESS DAY TV: Nampak able to 'expand business' despite ...
  • JSE higher as investors engage in bargain-hunting

    2015-05-27 Mr Price Group Ltd
    SA
  • Tesco share price timeline: One chart showing the dramatic decline ...
  • Mr Price H1 profit grows 23 percent

    2015-05-28 Foschini Group Ltd/The
    SA
  • Bain's Edcon Brings in Brands to Compete in South Africa
  • Bain's Edcon Brings in Brands to Compete in South Africa

    2015-05-29 African Bank Investments Ltd
    SA

    Best Stocks Last Month and News


    PPC Ltd+19.27%
  • FRIESS ASSOCIATES Is The Latest 13F Q1 2015 Filler
    Reunert Ltd+11.21%
  • Altron on track for disposal of Altech's subscriber base
    Woolworths Holdings Ltd/South Africa+6.57%
  • Retailers look to pass interchange cost savings to customers
    Barloworld Ltd+3.34%
  • Barloworld profit up 16%
    Aspen Pharmacare Holdings Ltd+0.91%
  • BRIEF-Aspen Pharmacare divests branded, generic products ...
    Massmart Holdings Ltd+0.49%
  • Goldman Sachs Said to Advise South Africa on State Asset Sale
    Truworths International Ltd+0.03%
  • Truworths Expands South Africa Kidswear With Naartjie Deal
    Pick n Pay Stores Ltd-0.09%
  • 2015 NHL Playoffs: Rangers fans, welcome to Amalie Arena!
    Steinhoff International Holdings Ltd-0.44%
  • Anchor Capital: Essential market review, 2 April
    Northam Platinum Ltd-0.98%
  • Anchor Capital: Essential market review, 2 April

    Worst Stocks Last Month and News


    Gold Fields Ltd -22.13%
  • Gold Fields Limited Analyst Rating Update
    Harmony Gold Mining Co Ltd -21.27%
  • Hot Stocks To Watch List? Vipshop Holdings Limited, (NYSE:VIPS ...
    Nampak Ltd -16.13%
  • Töchter von Nampak und Mauser teilen IBC-Fertigung auf
    Mediclinic International Ltd -15.29%
  • Mediclinic Gains on Swiss, South Africa Hospital Growth
    Exxaro Resources Ltd -13.62%
  • Tata Power's clean and green energy portfolio stands at 1383 MW
    AngloGold Ashanti Ltd -12.75%
  • Why AngloGold Ashanti (AU) Could Be a Potential Winner
    Anglo American Platinum Ltd -11.68%
  • Anglo American Platinum Raised to Hold at Zacks (AGPPY)
    Redefine Properties Ltd -11.28%
  • Follow the research money: why some doctors betray patients' trust ...
    Sanlam Ltd -11.04%
  • New business volumes boost Sanlam
    Sasol Ltd -10.91%
  • Sasol South Africa Coal Miners Seek Damages Over Lung Diseases

    View South Africa Econ Page






    • Korea Performance Snapshot

    Index 1 month Ch%YTD Ch%1 year Ch%
    KOSPI:IND -0.5810.406.01
    MSCI Korea -5.704.60-10.69
    MSCI GEM -3.995.01-2.28
    MSCI BRIC -4.4610.884.81
    MSCI World -0.844.173.08

    Indexes YTD performance %
    MSCI IndexYTDChange
    RUSSIA30.5
    HUNGARY28.0
    RUSSIA ADR/GDR24.4
    CHINA21.2
    CHINA A 5020.4
    AC ASIA ex JAPAN+CHINA A20.2
    EM EASTERN EUROPE19.5
    ZHONG HUA18.8
    CHINA 5018.4
    GOLDEN DRAGON15.9
    EM (EMERGING MARKETS)+CHINA A15.8
    BRIC WITH BRAZIL + INDIA + RUSSIA DR14.5
    BRIC WITH BRAZIL ADR13.2
    AC FAR EAST12.1
    AC ASIA11.6
    ACFM ASIA11.5
    ASIA APEX 5011.1
    BRIC10.9
    AC PACIFIC10.2
    EM FAR EAST10.1
    AC ASIA PACIFIC9.8
    AC FAR EAST ex JAPAN9.7
    AC FAR EAST ex JAPAN ex HK9.1
    EM ASIA9.1
    EFM ASIA9.0
    AC ASIA ex JAPAN8.9
    TAIWAN8.4
    AC EUROPE Growth8.1
    EM EUROPE8.0
    EFM EUROPE + CIS (E+C)7.4
    AC PACIFIC ex JAPAN7.1
    AC ASIA PACIFIC ex JAPAN6.7
    EM 506.7
    EAFE + EM6.5
    AC PACIFIC ex JAPAN ex HK6.3
    ACWI ex USA5.7
    EM WITH BRAZIL ADR5.7
    EM WITH BRAZIL + INDIA + RUSSIA DR5.6
    ACWI FM ex USA5.6
    EM EUROPE & MIDDLE EAST5.5
    ACFM EUROPE + CIS (E+C)5.4
    AC EUROPE5.4
    EM (EMERGING MARKETS)5.0
    EFM (EMERGING + FRONTIER MARKETS)4.8
    PHILIPPINES4.7
    KOREA4.6
    ACWI ex AUSTRALIA4.3
    KUKJE INDEX (ACWI ex Korea)4.2
    ACWI WITH BRAZIL ADR4.2
    ACWI + FRONTIER MARKETS (ACWI FM)4.2
    World4.2
    ACWI WITH USA GROSS4.2
    ACWI WITH BRAZIL + INDIA + RUSSIA DR4.2
    ACWI ex EMU4.1
    SELECT OECD COUNTRIES3.9
    ACWI ex JAPAN3.4
    ACWI FM ex JAPAN3.3
    AC EUROPE Value2.6
    EM EMEA2.2
    CHILE2.1
    AC AMERICAS2.0
    ACFM AMERICA INDEX2.0
    EM EASTERN EUROPE ex RUSSIA1.9
    INDIA DOMESTIC1.8
    EFM EMEA1.3
    INDIA1.0
    EFM CEEC ex RU0.5
    UNITED ARAB EMIRATES DOMESTIC0.3
    EMERGING + FRONTIER MARKETS WORKFORCE-0.3
    POLAND-0.5
    MEXICO-1.4
    SOUTH AFRICA-1.4
    UNITED ARAB EMIRATES-1.6
    EFM AFRICA-2.0
    EM LATIN AMERICA ex BRAZIL-2.7
    THAILAND-3.0
    EM ex ASIA-3.0
    EGYPT-3.4
    SOUTH EAST ASIA-3.4
    CZECH REPUBLIC-3.5
    PERU-3.9
    EMERGING MARKETS HORIZON-4.6
    ANDEAN-5.0
    MALAYSIA-5.5
    JORDAN + EGYPT + MOROCCO-5.7
    EFM AFRICA ex ZA-5.9
    INDONESIA-6.6
    EM LATIN AMERICA WITH BRAZIL ADR-7.6
    EFM LATIN AMERICA & CARIBBEAN INDEX-8.2
    EM LATIN AMERICA-8.5
    QATAR DOMESTIC-8.8
    EFM EUROPE + CIS (E+C) ex RU-8.8
    QATAR-10.2
    BRAZIL-13.5
    BRAZIL ADR-14.9
    TURKEY-16.3
    COLOMBIA-18.3
    GREECE-24.1

    Indexes 1m performance %
    IndexLastChnge
    Nikkei 225 20563.15 5.79
    Shanghai Stock Exchange Composite Index 4611.74 3.83
    S&P BSE SENSEX Index 27828.44 3.03
    Jakarta Stock Exchange Composite Index 5216.38 2.55
    S&P 500 Index 2107.39 1.05
    Dow Jones Industrial Average 18010.68 0.95
    FTSE 100 Index 6984.43 0.34
    Mexican Stock Exchange Mexican Bolsa IPC Index 44703.62 0.27
    Deutsche Boerse AG German Stock Index DAX 11413.82 -0.35
    Korea Stock Exchange KOSPI Index 2114.80 -0.58
    Borsa Istanbul 100 Index 82981.15 -1.15
    S&P/TSX Composite Index 15014.09 -1.38
    Warsaw Stock Exchange WIG Total Return Index 55531.79 -1.67
    Karachi Stock Exchange KSE100 Index 33056.79 -2.00
    Hong Kong Hang Seng Index 27424.19 -2.52
    FTSE/JSE Africa All Share Index 52270.86 -3.99
    MICEX Index 1609.19 -4.69
    Russian Depositary Index USD 1175.83 -4.88
    Russian Trading System Cash Index 976.48 -5.32
    Ibovespa Brasil Sao Paulo Stock Exchange Index 52760.48 -6.17

    Currencies 1m performance %
    TickerLastChnge
    USDNZD:CUR 1.4069 6.75
    USDCOP:CUR 2532.2700 6.28
    USDBRL:CUR 3.1787 5.45
    USDPLN:CUR 3.7416 3.99
    USDHUF:CUR 281.4600 3.98
    USDJPY:CUR 124.1500 3.77
    USDAUD:CUR 1.3081 3.20
    USDCAD:CUR 1.2454 3.04
    USDNOK:CUR 7.7716 2.98
    USDTND:CUR 1.9670 2.87
    USDKRW:CUR 1108.1900 2.74
    USDMYR:CUR 3.6675 2.63
    USDRON:CUR 4.0432 2.57
    USDRSD:CUR 109.6858 2.42
    USDISK:CUR 134.1400 2.26
    USDSEK:CUR 8.5188 2.05
    USDTHB:CUR 33.7000 2.04
    USDLTL:CUR 3.1427 2.02
    USDZAR:CUR 12.1525 2.02
    USDNAd:CUR 12.1525 2.02
    USDNLG:CUR 2.0047 1.96
    USDEUR:CUR 0.9098 1.96
    USDBGN:CUR 1.7791 1.96
    USDDKK:CUR 6.7897 1.96
    USDIDR:CUR 13224.0000 1.96
    USDHRK:CUR 6.8867 1.93
    USDCZK:CUR 24.9598 1.92
    USDSGD:CUR 1.3478 1.82
    USDMAD:CUR 9.8326 1.73
    USDRUB:CUR 52.3405 1.53
    USDCRC:CUR 538.1500 1.32
    USDVND:CUR 21815.0000 1.00
    USDCLP:CUR 617.9500 0.99
    USDARS:CUR 8.9915 0.95
    USDPEN:CUR 3.1565 0.83
    USDCHF:CUR 0.9403 0.75
    USDINR:CUR 63.8250 0.63
    USDLKR:CUR 134.0000 0.53
    USDGBp:CUR 0.6539 0.37
    USDKWD:CUR 0.3031 0.36
    USDPKR:CUR 102.0000 0.28
    USDILs:CUR 3.8704 0.24
    USDTWD:CUR 30.6960 0.20
    USDMXN:CUR 15.3780 0.12
    USDLBP:CUR 1507.5000 0.07
    USDHKD:CUR 7.7531 0.03
    USDJOD:CUR 0.7085 0.01
    USDSAR:CUR 3.7503 0.01
    USDOMR:CUR 0.3850 0.00
    USDAED:CUR 3.6730 0.00
    USDVEF:CUR 6.2921 0.00
    USDPAB:CUR 1.0000 0.00
    USDTTD:CUR 6.3511 0.00
    USDEGP:CUR 7.6238 -0.01
    USDQAR:CUR 3.6399 -0.01
    USDPHP:CUR 44.5850 -0.01
    USDBDT:CUR 77.7750 -0.04
    USDCNY:CUR 6.1976 -0.09
    USDCNH:CUR 6.2023 -0.10
    USDNGN:CUR 198.7500 -0.13
    USDTRL:CUR 2663100.0000 -0.37
    USDTRY:CUR 2.6629 -0.41
    USDUAH:CUR 21.0500 -0.94

    Bond rates 1m performance %
    countryyield1wk1d1m1y
    GREECE10.86%0.63+12-16+498
    PORTUGAL2.53%0.45+3+44-104
    SPAIN1.83%0.370+37-102
    ITALY1.84%0.35-2+34-111
    SINGAPORE2.40%0.180+23+23
    NETHERLANDS0.67%0.17-5+25-94
    NEW ZEALAND3.61%0.17-8+18-62
    FRANCE0.79%0.15-4+23-95
    GERMANY0.49%0.13-4+20-87
    MEXICO (USD)3.48%0.11-1+18+20
    UNITED STATES2.12%0.07-1+8-34
    HONG KONG1.52%0.07-2+10-29
    BRAZIL (USD)4.40%0.050+11+42
    AUSTRALIA2.72%0.05-5+8-92
    CANADA1.62%0.04-5+4-64
    JAPAN0.38%0.04-1+9-18
    BRITAIN1.81%-0.02-1-2-73
    SWITZERLAND-0.11%-0.09-3-4-77
    SOUTH KOREA2.31%-0.11-10-7-101
    INDIA7.64%-0.22-1-17-103

    Commodities 1m performance %
    nameunitsPriceChng
    CME LUMBERUSD/TBF274.107.91
    TOCOM SILVERJPY/G66.807.57
    TOCOM RUBBERJPY/KG239.607.40
    JAPANESE YEN SPOTJPY/T OZ.2076.867.19
    ICE CANOLACAD/MT472.806.01
    EURO SPOTEUR/T OZ.15.245.47
    CBOT SOYBEAN OILUSD/LB.33.334.98
    ICE COCOAUSD/MT3085.004.83
    JAPANESE YEN SPOTJPY/T OZ.147808.134.42
    TOCOM GOLDJPY/G4735.004.39
    INDIAN RUPEE SPOTINR/T OZ.1068.294.14
    CME FEEDER CATTLEUSD/LB.222.953.84
    BRITISH POUND SPOTGBP/T OZ.10.953.79
    US DOLLAR SPOTUSD/T OZ.16.753.46
    COMEX SILVERUSD/T OZ.16.703.28
    EURO SPOTEUR/T OZ.1083.042.61
    CME LEAN HOGSUSD/LB.83.452.48
    TOCOM CRUDE OILJPY/KL49940.001.77
    TOCOM KEROSENEJPY/KL63750.001.11
    CME LIVE CATTLEUSD/LB.151.281.06
    BRITISH POUND SPOTGBP/T OZ.778.471.00
    INDIAN RUPEE SPOTINR/T OZ.75940.440.97
    CRUDE OIL (WTI)USD/BBL.60.300.92
    RBOB GASOLINEUSD/GAL.206.270.87
    CBOT WHEATUSD/BU.477.000.74
    COMEX GOLDUSD/T OZ.1189.800.66
    GOLD SPOTUSD/T OZ.1190.580.64
    PALLADIUM SPOTUSD/T OZ.777.35-0.39
    ICE ORANGE JUICE CONCUSD/LB.114.25-0.91
    ICE ECX EMISSIONSEUR/MT7.36-0.94
    NYMEX HEATING OILUSD/GAL.194.97-1.35
    ICE GASOILUSD/MT593.50-1.53
    CRUDE OIL (BRENT)USD/BBL.65.56-1.75
    PLATINUM SPOTUSD/T OZ.1112.37-2.59
    LME 3 MONTH TINUSD/MT15600.00-2.65
    NYMEX NATURAL GASUSD/MMBTU2.64-2.94
    CBOT SOYBEAN MEALUSD/ST305.70-3.14
    CBOT CORNUSD/BU.351.50-3.83
    CBOT OATSUSD/BU.234.00-3.90
    CBOT SOYBEANSUSD/BU.934.00-4.18
    CME ETHANOLUSD/GAL.1.52-5.00
    LME 3 MONTH COPPERUSD/MT6015.00-5.05
    ICE COTTON #2USD/LB.64.35-5.31
    COMEX COPPERUSD/LB.272.80-5.34
    LME 3 MONTH ZINCUSD/MT2188.00-6.70
    CBOT ROUGH RICEUSD/CWT9.51-7.13
    ICE COFFEE "C"USD/LB.126.15-8.22
    ICE SUGAR #11USD/LB.11.98-9.10
    LME 3 MONTH ALUMINUMUSD/MT1740.00-9.61

    Best Stocks 1m %
    stockcountrytickernamestockcurrentch
    SK001040:KSCJ Corp24000025.65
    SK004170:KSShinsegae Co Ltd24300020.60
    SK000100:KSYuhan Corp26700015.58
    SK036460:KSKorea Gas Corp5200012.19
    SK139480:KSE-Mart Co Ltd24650011.29
    SK009830:KSHanwha Chemical Corp1905010.76
    SK000660:KSSK Hynix Inc5110010.73
    SK000830:KSSamsung C&T Corp6300010.14
    SK035250:KSKangwon Land Inc403009.96
    SK139130:KSDGB Financial Group Inc131508.23

    Worst Stocks 1m %
    stockcountrytickernamestockcurrentch
    SK090430:KSAmorepacific Corp404000-89.60
    SK002790:KSAMOREPACIFIC Group175000-89.26
    SK068270:KSCelltrion Inc69000-19.49
    SK009150:KSSamsung Electro-Mechanics Co Ltd55200-18.22
    SK006360:KSGS Engineering & Construction Corp27050-16.12
    SK047050:KSDaewoo International Corp26650-15.13
    SK006800:KSDaewoo Securities Co Ltd14300-15.13
    SK000720:KSHyundai Engineering & Construction Co Lt44250-14.74
    SK005940:KSWoori Investment & Securities Co Ltd12750-14.72
    SK003450:KSHyundai Securities Co Ltd9560-14.26

    Best Stocks YTD %
    stockcountrytickernamestockcurrentch
    SK047810:KSKorea Aerospace Industries Ltd63700999.99
    SK068270:KSCelltrion Inc6900077.61
    SK004800:KSHyosung Corp11500068.13
    SK009830:KSHanwha Chemical Corp1905061.44
    SK000100:KSYuhan Corp26700057.52
    SK012630:KSHyundai Development Co-Engineering & Con6050056.33
    SK001040:KSCJ Corp24000053.85
    SK011170:KSLotte Chemical Corp23600047.50
    SK006800:KSDaewoo Securities Co Ltd1430045.47
    SK000880:KSHanwha Corp4320038.24

    Worst Stocks YTD %
    stockcountrytickernamestockcurrentch
    SK002790:KSAMOREPACIFIC Group175000-82.46
    SK090430:KSAmorepacific Corp404000-81.80
    SK181710:KSNHN Entertainment Corp55900-36.11
    SK018880:KSHalla Visteon Climate Control Corp36900-23.76
    SK032640:KSLG Uplus Corp9320-18.96
    SK011210:KSHyundai Wia Corp143000-18.75
    SK161390:KSHankook Tire Co Ltd43850-16.79
    SK011070:KSLG Innotek Co Ltd95100-15.47
    SK047050:KSDaewoo International Corp26650-15.26
    SK003490:KSKorean Air Lines Co Ltd40450-14.75

    Sector Performance 1m %
    NameSectorch
    Utilities5.4
    Consumer Discretionary-1.0
    Health Care-2.0
    Materials-2.8
    Energy-3.1
    Technology-3.4
    Financials-3.5
    Industrials-6.4
    Communications-9.8
    Consumer Staples-13.8

    Sector Performance YTD %
    NameSectorch
    Industrials608.9
    Health Care67.6
    Materials23.4
    Energy18.9
    Financials13.3
    Utilities6.6
    Consumer Staples2.9
    Consumer Discretionary1.9
    Technology-0.2
    Communications-8.1

    Table of Contents


    China Stance
         China Valuations
         China Top Stock Picks
         China Top Bond Picks
         China Last Month Performance Review

    India Stance
         India Valuations
         India Top Stock Picks
         India Top Bond Picks
         India Last Month Performance Review

    Brazil Stance
         Brazil Valuations
         Brazil Top Stock Picks
         Brazil Top Bond Picks
         Brazil Last Month Performance Review

    Russia Stance
         Russia Valuations
         Russia Top Stock Picks
         Russia Top Bond Picks
         Russia Last Month Performance Review

    Turkey Stance
         Turkey Valuations
         Turkey Top Stock Picks
         Turkey Top Bond Picks
         Turkey Last Month Performance Review

    South Africa Stance
         South Africa Valuations
         South Africa Top Stock Picks
         South Africa Top Bond Picks
         South Africa Last Month Performance Review

    Korea Stance
         Korea Valuations
         Korea Top Stock Picks
         Korea Top Bond Picks
         Korea Last Month Performance Review


















    Korea



    Our Stance

    Korean market has been fairly good so far this year aided by low rates (S.Korea base rate is at 1.7%) and fairly upbeat economic growth forecast c.3% for 2015, which is good in the year like 2015 as Korea remains one of the few large economies with above 3% growth projection. Our medium term projection for Korean stocks positive but with fairly limited upside.

    Valuations


    Korea Valuations
    SectorSector MCap mn$Sector Mcap % in TotalPE 2015EGEM PE 2015EEst EPS Growth 15GEM EPS Growth
    Technology292166.831.2010.014.99.612.0
    Consumer Discretionary146577.015.659.215.49.311.2
    Financials129043.013.7812.711.225.912.9
    Consumer Staples83476.48.9130.926.123.213.6
    Materials81148.98.6715.215.119.829.9
    Communications61165.96.5317.622.625.115.6
    Industrials58140.46.2119.017.520.010.9
    Energy31986.13.4211.510.025.29.7
    Utilities31851.53.407.613.623.311.9
    Health Care2388.50.2623.427.77.822.6

    Stock Picks for June

    CompanyPEROEDiv YieldChange YearPBPSNet MarginMcapUSmn1m Change %

    Hyosung Corp(Long)

    		9.813.81.70%+71.67%1.40.33.33,874.5-3.4
  • Hyosung Group's cash cow running on shaky legs
  • BUSINESS IN BRIEF 30/5

    • Celltrion Inc(Long)

    		93.57.3-%+67.87%6.916.817.98,656.0-19.5
  • Celltrion Seeks FDA Approval for Biosimilar Remsima
  • Biosimilar drugs may curb health care costs

    • SK Hynix Inc(Long)

    		6.626.90.65%+11.31%1.81.827.831,149.310.7
  • SK Hynix Q1 Results Are Ominous For Micron
  • 3 workers suffocate to death at SK hynix plant

    • Korea Aerospace Industries Ltd(Long)

    		40.916.00.35%+130.82%6.62.87.05,928.5-2.9
  • Emerging stocks plunge as Asian shares decline amid volatile ...
  • $1.2B tanker contract may hinge on Boeing sending more ...

    • Hyundai Hysco Co Ltd(Long)

    		8.118.10.48%-13.18%1.50.33.91,408.3-5.4
  • Capital Product Partners LP Announces Time Charter Extension for ...
  • Capital Product Partners L.P. Announces (1) First Quarter 2015 ...

    • OCI Co Ltd(Short)

    		51.61.60.21%-46.04%0.80.71.42,204.5-5.1
  • A novel antibody–drug conjugate targeting SAIL for the treatment of ...
  • Appeals court says Damos got fair deal from Weitz

    • Hana Financial Group Inc(Short)

    		8.15.11.98%-16.42% 0.40.67.78,520.1-6.3
  • The M&A strategies of 10 tech giants: A founder's guide to selling ...
  • Asia Basel Dollar Bond Scarcity Tapped by Woori Tier 1 Debt Sale

    • Samsung Techwin Co Ltd(Short)

    		21.03.6-%-57.24%0.80.52.41,364.5-3.1
  • Hikvision USA Selects Frank DeFina as Senior Director, Strategic ...
  • 2015 Exposition of the Holy Shroud

    • Samsung Electro-Mechanics Co Ltd(Short)

    		20.75.41.20%-1.98%1.10.63.14,674.5-18.2
  • Samsung Announces ARTIK Platform to Accelerate Internet of ...
  • Notice Pursuant to the National Cooperative Research and ...

    • Hyundai Merchant Marine Co Ltd(Short)

    		379.00.7-%-8.66%2.50.20.11,806.8-7.2
  • Capital Product Partners LP Announces Time Charter Extension for ...
  • Hyundai prevé aumento de 83% en ventas de México en 2015

    • Bond Picks

    Corporate Eurobonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    EXPORT-IMPORT BANK OF KOREA 21109.74.38USDSep 15, 20215.532.690.26-1.70
  • U.S. Payrolls, ECB, BOE, Greek Deadline, NBA: May 30-June 6
    • KOREA DEVELOPMENT BANK 24106.23.75USDJan 22, 20247.342.920.24-2.10
  • FIFA marathon man Blatter comes through a new storm
    • EXPORT-IMPORT BANK OF KOREA 17104.24.00USDJan 11, 20171.581.340.09-0.40
  • U.S. Payrolls, ECB, BOE, Greek Deadline, NBA: May 30-June 6
    • KOREA DEVELOPMENT BANK (THE) 17104.43.88USDMay 4, 20171.891.560.02-0.20
  • Suit-boot ki sarkaar is definitely better than suitcase ki sarkaar: PM ...
    • HANA BANK RegS 17104.03.50USDOct 25, 20172.341.810.00-0.10
  • Beech-Nut recalling baby food over fears of glass pieces

    • Local Currency Bonds


    BondPriceCouponCurrencyMaturityDurationYield 1m Yield Ch pp 1m Price Ch. Abs
    KOREA (REPUBLIC OF) 170.092.75KRWSep 10, 20172.221.860.09-0.01
  • Five For Friday: Soccer
    • KOREA MONETARY STABILIZATION BOND 150.092.90KRWDec 2, 20150.521.730.010.00
  • U.S. Payrolls, ECB, BOE, Greek Deadline, NBA: May 30-June 6
    • KOREA (REPUBLIC OF) 310.114.00KRWDec 10, 203112.232.700.210.00
  • Coming "full circle": 25 take oath to become American citizens
    • KOREA (REPUBLIC OF) 200.105.00KRWJun 10, 20204.432.150.17-0.01
  • Five For Friday: Soccer
    • KOREA (REPUBLIC OF) 170.093.50KRWMar 10, 20171.731.850.10-0.01
  • Five For Friday: Soccer

    • Korea Last Month Review



    Korea KOSPI:IND Index lost-0.58% last month. To finish the month at 2114.80

    MSCI Korea Index lost-5.70% last month. Its overall up 4.60% since the beginning of the year.

    At the same time MSCI Emerging Markets Index is down -3.99% last month and is up 5.01% YTD.

    KRW last month lost -2.74% against US dollar. To finish the month at 1108.1900 per USD.

    Corporate eurobonds are trading with average yield of 2.25% and widened by0.14% last month.

    Local currency bonds are trading with average yield of 2.19% and widened by0.15% last month.

    While Brent oil price last month lost -1.75%. To finish the month at 65.56 $/bbl.

    Best stocks last month in Korea included CJ Corp +25.65%, Shinsegae Co Ltd +20.60%, Yuhan Corp +15.58%, Korea Gas Corp +12.19%, E-Mart Co Ltd +11.29%, Hanwha Chemical Corp +10.76%, SK Hynix Inc +10.73%, Samsung C&T Corp +10.14%, Kangwon Land Inc +9.96%, DGB Financial Group Inc +8.23%, .

    Worst stocks last month included Amorepacific Corp -89.60%, AMOREPACIFIC Group -89.26%, Celltrion Inc -19.49%, Samsung Electro-Mechanics Co Ltd -18.22%, GS Engineering & Construction Corp -16.12%, Daewoo International Corp -15.13%, Daewoo Securities Co Ltd -15.13%, Hyundai Engineering & Construction Co Lt -14.74%, Woori Investment & Securities Co Ltd -14.72%, Hyundai Securities Co Ltd -14.26%,

    Best stocks YTD included Korea Aerospace Industries Ltd +999.99%, Celltrion Inc +77.61%, Hyosung Corp +68.13%, Hanwha Chemical Corp +61.44%, Yuhan Corp +57.52%, Hyundai Development Co-Engineering & Con +56.33%, CJ Corp +53.85%, Lotte Chemical Corp +47.50%, Daewoo Securities Co Ltd +45.47%, Hanwha Corp +38.24%,

    While worst stocks YTD included AMOREPACIFIC Group -82.46%, Amorepacific Corp -81.80%, NHN Entertainment Corp -36.11%, Halla Visteon Climate Control Corp -23.76%, LG Uplus Corp -18.96%, Hyundai Wia Corp -18.75%, Hankook Tire Co Ltd -16.79%, LG Innotek Co Ltd -15.47%, Daewoo International Corp -15.26%, Korean Air Lines Co Ltd -14.75%,
    In terms of sector performance last month the best sectors included Utilities +5.4%, Consumer Discretionary-1.0%, Health Care-2.0%,

    While worst sector performance last month showed Consumer Staples -13.8%, Communications -9.8%, Industrials -6.4%,

    YTD the best sectors remain Industrials +608.9%, Health Care +67.6%, Materials +23.4%,
    While the worst sectors are Communications -8.1%, Technology -0.2%, Consumer Discretionary 1.9%,

    Korea currency vs. USD



    Source: Midlincoln

    Korea KOSPI:IND Equity Index



    Source: Midlincoln


    Some Political news headlines for Korea include:


  • Protect our social unity: DPM Teo
  • AP Analysis: At Mideast forum, hopes for future amid chaos
  • Unified medical records to boost healthcare services in UAE
  • Finance minister urges quick action on key reforms
  • Korea, Japan to hold finance ministers' meeting
  • South Korea seeks deeper cooperation with Japan on China-led AIIB
  • South Korea's Park names new prime minister
  • South Korea Approves Plan To Salvage Sewol Ferry After Public ...
  • South Korean president accepts prime minister's resignation after ...
  • South Korea seeks deeper cooperation with Japan on AIIB as ...
  • Ban Ki-moon, U.N. chief, says North Korea cancels invitation to visit
  • Justice chief named new P.M.
  • Seoul mayor opposes off-track betting facility
  • Hanwha eyes solar power hub
  • [Herald Interview] Korea to defend rice market in TPP talks
  • China's mega-tours draw attention abroad, critique at home
  • Baseball tops pro sports in revenue
  • Ministry of Culture to Set Up Creative and Design Center in Chiang ...
  • NEC Provides the Ministry of Education of Buenos Aires with Virtual ...
  • PM Prayut announces new education campaign at Ministry of ...
  • Power supply restored to Ministry of Education
  • Youngsters quit job hunt
  • Economic slump fuels concerns over deflation
  • Gov't mandates peak wage system
  • Yonhap News Summary
  • 2015 Green Asia Forum Held, Featuring Ten Grassroots ...
  • Korea, China, Japan vow closer cooperation on environment
  • 5 nations seek ways to raise presence
  • Japan-ROK Heritage talks stall / Govt to press case after Tokyo ...
  • North Korea gives Chinese ambassador Li Jinjun the cold shoulder
  • UN Women urged to address 'comfort women' issue
  • Teaching aids on Japan's wartime sex slavery due
  • Gov't pushes to fire public officials, soldiers fined for sex offenses
  • Koreans contribute little, receive small pension
  • Opposition leaders see doubts rise over pension
  • Park calls foul on pension reform plan
  • Prime minister decides to resign
  • Presidents' brothers facilitated Sung's pardons, source claims
  • Kim's overseas trip raises questions about probe
  • [Weekender] World Water Forum to focus on solutions
  • Minister pushes for middle-class housing projects
  • Unification minister nominee faces challenges to capitalize on his ...
  • Gov't concludes Thaad is best option for Korea
  • Pragmatism with Tokyo is needed
  • Korea, Japan's ministers to hold defense talks
  • Park struggling to find PM nominee
  • Park looks for new PM
  • Lee's exit makes Park lame duck president
  • 100th Research Lab Registered
  • Huge Investment Scheduled for Renaissance of ICT Industry
  • Government Releases Specific Plans for Future Growth Engine ...
  • D5 & the Transformation of Digital Government
  • Ex-Prime Minister Fukuda urges Asian leaders not to agitate public ...
  • Prime Minister slams Japan for historical amnesia
  • Won Declines Most in Two Weeks as Minister Flags Exports Threat
  • Korea, Japan to hold finance ministers' meeting
  • South Korea exporters to China should target consumer goods: Choi ...
  • Chinese and Korean Business Elites Gather in Chengdu for New ...
  • S. Korean companies seek opportunities in western China
  • S. Korea, Japan discuss fisheries import ban issue
  • S. Korea suddenly shuffles Minister of Unification
  • South Korea approves fertilizer aid to North in sign of thawing relations
  • Unification body leader denies NK assimilation bid
  • Korea raises profile in anti-graft campaign
  • 'Korea-UK partnership leads anti-corruption'
  • Korea raises profile in anti-graft campaign
  • Anti-graft drive hits local governments
  • Minister of State (Independent Charge): Rao Inderjit Singh
  • Efforts to achieve Millennium Development Goals- 2015
  • Fair Trade Commission to Examine Prices of Imported Car ...
  • Putin Thrives on Russian Passivity
  • UN call to fight international crime
  • “Crowd Funding is Indispensable for Turning Brilliant Ideas into ...
  • FSC Chairman Shin Je-yoon to consider building banks specialized ...
  • Ethics board approves Kim as Nonghyup head
  • Gov't expands mobile subsidies
  • Korea's communication chief lays out vision for Korea's broadcasting ...
  • Gov't expands mobile subsidies
  • Lions favored in Korean Series against Bears
  • Absence of chairman overshadows CJ Group
  • 'Human Rights agency hides government's failures'
  • Fate of Wolsong-1 nuclear reactor up in the air
  • Fate of Wolsong-1 nuclear reactor up in the air
  • South Korea to store low radioactive waste next month at the earliest
  • [Editorial] P.M. nominee
  • Aide to exec who killed himself is interrogated
  • UN chief dragged into Sung scandal
  • India, South Korea to boost defence production ties
  • Why College Isn't (And Shouldn't Have To Be) For Everyone - OpEd
  • Manohar Parrikar arrives in South Korea
  • S. Korean teenager has joined Islamic State group, officials say
  • S. Korean spy chief says teenager joined Islamic State group
  • Former South Korea spy chief gets three years for meddling in election
  • Financial firms urged to hire more youngsters
  • DIARY- Emerging Markets Economic Events to June 1
  • DIARY- Emerging Markets Economic Events to June 2
  • Hogan resumes work in Annapolis
  • South Korea Free Trade Agreements, Part 1
  • Hogan resumes work in Annapolis
  • After Netanyahu Wins Israel Vote with Racism & Vow of Permanent ...
  • FBI Informant Exposes Sting Operation Targeting Innocent ...
  • Why Iran Matters to South Korea -- and Why South Korea's Middle ...

    While some economic events and news headlines include:



    Friday May 15 2015
    South Korea Monetary Policy Unchanged in May
    South Korean Monetary Policy Committee decided to leave the base rate unchanged at 1.75 percent at its May 15th meeting for the third straight month. Policymakers forecast inflation will continue at a low level, due to low energy prices, and the economy will show a modest trend of recovery.
    Wednesday May 13 2015
    South Korea Jobless Rate Steady in April
    South Korea seasonally adjusted unemployment rate was recorded at 3.7 percent in April of 2015, remaining unchanged from the previous month, as the number of employed persons increased despite job losses in the wholesale & retail trade, accommodation & food sector.
    Friday May 01 2015
    South Korea Inflation Rate Stable at 0.4% in April
    South Korean annual inflation rate eased to 0.4 percent in April of 2015, the same pace as in the precious month and matching market forecasts. The figure is the lowest since July of 1999.
    Friday May 01 2015
    South Korea Trade Surplus Hits Fresh Record High in April
    South Korea trade surplus widened to USD 8.49 billion in April of 2015 from USD 4.39 billion a year earlier, reaching new all time high, as exports and imports fell more than expected.
  • North Korean economic reforms tightly tied to domestic conditions
  • 'Korea's Economic Growth Rate Might Dip Below 3% This Year'
  • South Korea Consumer Price Index Growth (YoY) fell from previous ...
  • Export contribution to S. Korea's growth hits 5-year low
  • The way we give disaster aid to poor countries makes no sense
  • South Korea's housing market booms - except for prices
  • South Korea Cuts Interest Rate
  • Export contribution to S. Korea's growth hits 5-year low
  • Free-trade lemmings are perilously close to the cliff
  • Macau's Glitter Fades as Beijing Takes Firmer Hand
  • South Korea in balancing act on household debt

    Companies Reported last month include:



    2015-04-29 NAVER Corp
    SK
  • Naver misses estimates as chat app Line's revenue disappoints
  • (3rd LD) Naver reports weak Q4 earnings, stock tumbles

    2015-04-29 SK Innovation Co Ltd
    SK
  • Enrichment of DNRA bacteria in a continuous culture
  • Wipro Limited: Results for the Quarter and Year Ended March 31 ...

    2015-04-29 SK Networks Co Ltd
    SK
  • Korea's Telcos to Dial Up Earnings, Dividends
  • Wipro Limited: Results for the Quarter and Year Ended March 31 ...

    2015-04-29 KT Corp
    SK
  • Korea's Telcos to Dial Up Earnings, Dividends
  • Anchor Capital: Essential market review, 20 April

    2015-04-30 E-Mart Co Ltd
    SK
  • BUSINESS IN BRIEF 22/11
  • BUSINESS IN BRIEF 22/11

    2015-04-30 Hankook Tire Co Ltd
    SK
  • TAG reports record-setting results for 2014
  • Tire Factory signals a change in strategy

    2015-04-30 Samsung Fire & Marine Insurance Co Ltd
    SK
  • AM Best Affirms Ratings of Samsung Fire & Marine Insurance Co ...
  • AM Best Affirms Ratings of Samsung Fire & Marine Insurance Co ...

    2015-05-04 Kumho Petro chemical Co Ltd
    SK
  • Asia Pacific ethylene propylene diene monomer market that is ...
  • Global SBR Industry Report 2015

    2015-05-05 SK Telecom Co Ltd
    SK
  • Korea's Telcos to Dial Up Earnings, Dividends
  • Can SK Telecom???s Promotional Plans Limit Customer Churn?

    2015-05-06 Coway Co Ltd
    SK
  • Chinese Household Water Purifier Industry & Global Water Purifier ...
  • How to Grow Rich Without Losing Your Manufacturing

    2015-05-07 GS Holdings
    SK
  • Stock Market News for May 01, 2015
  • How Fed's Delay on Interest Rates Hurts Both You and Big Banks

    2015-05-07 Halla Visteon Climate Control Corp
    SK
  • Visteon to Announce First-Quarter 2015 Results on Thursday, May 7
  • Visteon Reports 2014 Financial Results

    2015-05-07 CJ CheilJedang Corp
    SK
  • Periodontitis Therapeutic Pipeline and Development Review H1 ...
  • India Amino Acids Market Forecast and Opportunities 2015-2020 ...

    2015-05-07 NHN Entertainment Corp
    SK
  • NHN Releases K-Pop Manager Game
  • Naver's Earnings Miss Expectations As Line's Sales Growth Slows

    2015-05-08 Shinsegae Co Ltd
    SK
  • Anchor Capital: Essential market review, 14 April
  • Economy yet to emerge from Sewol tragedy

    2015-05-08 DGB Financial Group Inc
    SK
  • Nonghyup takes 2nd place by assets
  • FTSE mildly up on housebuilders, financials

    2015-05-08 Lotte Shopping Co Ltd
    SK
  • BUSINESS IN BRIEF 9/3
  • Anchor Capital: Essential market review, 10 February

    2015-05-08 Hyundai Department Store Co Ltd
    SK
  • The Morning Download: Video Huge Challenge for Companies as ...
  • Anchor Capital: Essential market review, 1 April

    2015-05-11 Daewoo Shipbuilding & Marine Engineering
    SK
  • Capital Product Partners LP Announces Delivery of the M/T Active ...
  • Analyst predicts successful year for DSME

    2015-05-11 Kangwon Land Inc
    SK
  • Kangwon Land's net profit up 70 pct in fourth quarter
  • Kangwon Land's net profit up 70 pct in fourth quarter

    2015-05-11 KCC Corp
    SK
  • Westar seeks another rate change, new line item
  • ONE Gas Inc.: ONE Gas Announces Fourth-quarter and Full-year ...

    2015-05-11 Amorepacific Corp
    SK
  • Korea plans wireless spectrum auction
  • S. Korean Human Rights Commission omits violations in recent ...

    2015-05-11 AMOREPACIFIC Group
    SK
  • Anchor Capital: Essential market review, 4 March
  • Anchor Capital: Essential market review, 4 March

    2015-05-12 Samsung Life Insurance Co Ltd
    SK
  • The Morning Download: Kohl's Takes Digital Wallet Beyond Payments
  • �300bn Jean-Claude Juncker eurozone kickstarter sounds too good ...

    2015-05-12 Korea Electric Power Corp
    SK
  • Korea Electric Power Corporation (KEP) Q4 2014 Results - Earnings ...
  • Korea Electric Power Corporation (KEP) Q4 2014 Results - Earnings ...

    2015-05-13 Korea Gas Corp
    SK
  • Russia and China strengthen ties, as Putin looks east in wake of ...
  • The month that killed the middle class: How October 1973 slammed ...

    2015-05-13 Hanwha Life Insurance Co Ltd
    SK
  • Hanwha Life Emerges as Global Insurance Company 6 Years After ...
  • Non-Life Insurance in South Korea Expected to Reach KRW41.5 ...

    2015-05-13 NCSoft Corp
    SK
  • Nexon Seeking Management Role Sends NCsoft Shares Surging
  • KongZhong - After A Rough Q3, What's Next? (KZ)

    2015-05-14 Hanwha Chemical Corp
    SK
  • Pfenex races to the finish line with $342M Hospira deal for Lucentis ...
  • Hanwha Solar to Merge SolarOne With Q Cells in $1.2 Billion Deal

    2015-05-14 Hyundai Securities Co Ltd
    SK
  • Capital Product Partners L.P. Announces New Charters for the M/T ...
  • Falling Oil Prices: The Downside

    2015-05-14 Hanwha Corp
    SK
  • Hanwha Life Emerges as Global Insurance Company 6 Years After ...
  • Big Movers: Hanwha Q CELLS Co., (NASDAQ:HQCL), Infosonics ...

    2015-05-14 Korea Investment Holdings Co Ltd
    SK
  • BUSINESS IN BRIEF 9/3
  • BUSINESS IN BRIEF 9/3

    2015-05-14 Samsung Securities Co Ltd
    SK
  • Anchor Capital: Essential market review 10 Dec
  • Markets Live: Telstra leads comeback

    2015-05-14 Korean Air Lines Co Ltd
    SK
  • Anchor Capital: Essential market review, 6 March
  • Anchor Capital: Essential market review, 6 March

    2015-05-15 Woori Investment & Securities Co Ltd
    SK
  • Insurance in China
  • NH Woori Investment & Securities Established at the End of This Year

    2015-05-15 Celltrion Inc
    SK
  • Industry Holds Breath As FDA Weighs Remicade Biosimilar
  • Hospira (HSP) Earnings Report: Q3 2014 Conference Call Transcript

    2015-05-15 Lotte Confectionery Co Ltd
    SK
  • Lotte Gadget Lets Chewers Choose Tunes
  • Asian Stocks Rise as U.S. Inflation Damps Rate Concerns

    2015-05-15 SK Holdings Co Ltd
    SK
  • PrairieSky Royalty: Energy Dividends Without Capital Expenditure ...
  • Boys Basketball: 2014-2015 Standings

    2015-05-15 Mirae Asset Securities Co Ltd
    SK
  • Mirae Asset Becomes First Foreign Asset Manager to List RQFII CSI ...
  • Indonesian loses focus on fuel masks

    2015-05-15 Hite Jinro Co Ltd
    SK
  • Soju Makers Aim to Turn Fire Water Into Liquid Gold
  • Anheuser-Busch InBev to buy South Korea brewery for $5.8-billion

    2015-05-15 LS Corp
    SK
  • Greener sex? Condoms now come in a spectrum of earth-friendly ...
  • Markets Live: Rally takes a break

    2015-05-15 LG Corp
    SK
  • Ericsson, Time, LG, Google Spain: Intellectual Property
  • Chuck Chiang: Chaebols face rising tide of criticism

    2015-05-15 Dongbu Insurance Co Ltd
    SK
  • Anchor Capital: Essential market review, 6 March
  • Personal Accident and Health Insurance in South Korea Expected to ...

    2015-05-15 Orion Corp/Republic of South Korea
    SK


    2015-05-15 CJ Corp
    SK
  • Boys Basketball: 2014-2015 Standings
  • NSA secretly hijacked existing malware to spy on N. Korea, others

    2015-05-15 Hyundai Merchant Marine Co Ltd
    SK
  • Capital Product Partners L.P. Announces New Charters for the M/T ...
  • Diana Containerships' (DCIX) CEO Symeon Palios on Q3 2014 ...

    Best Stocks Last Month and News


    CJ Corp+25.65%
  • Aliquippa developer works for 'light at the end of tunnel' for riverfront ...
    Shinsegae Co Ltd+20.60%
  • Hong Kong Gifts Fair, Printing & Packaging Fair Attract 66000 Buyers
    Yuhan Corp+15.58%
  • Montgomery County and Frederick County home sales
    Korea Gas Corp+12.19%
  • 10 THINGS YOU NEED TO KNOW: Today's guide to the obscure ...
    E-Mart Co Ltd+11.29%
  • S.Korea retailers E-Mart, Shinsegae plan up to $619 mln selldown in ...
    Hanwha Chemical Corp+10.76%
  • Samsung Lee Family Restructures Chaebol as Cheil to Buy C&T
    SK Hynix Inc+10.73%
  • (LEAD) 3 workers suffocate to death at SK hynix plant
    Samsung C&T Corp+10.14%
  • StormHarbour Liable for Banker's Death in Chopper Crash
    Kangwon Land Inc+9.96%
  • Gaming firms lose US$100 bln in market cap in 2014: GBGC
    DGB Financial Group Inc+8.23%
  • Nationwide strike by child care workers in Germany

    Worst Stocks Last Month and News


    Amorepacific Corp -89.60%
  • UPDATE 2-China slashes import tax on skincare to shoes to spark ...
    AMOREPACIFIC Group -89.26%
  • Worries grow over individual investors' fever for AmorePacific
    Celltrion Inc -19.49%
  • Biosimilar drugs may curb health care costs
    Samsung Electro-Mechanics Co Ltd -18.22%
  • Global PCB Industry Trends Forecast and Opportunity Analysis 2015 ...
    GS Engineering & Construction Corp -16.12%
  • Getting to know: Tom Page with iStar Financial
    Daewoo International Corp -15.13%
  • Capital Product Partners L.P. Announces Delivery of the M/T Active ...
    Daewoo Securities Co Ltd -15.13%
  • Teekay LNG Partners Reports First Quarter 2015 Results
    Hyundai Engineering & Construction Co Lt -14.74%
  • Sustaining Nigerian Content
    Woori Investment & Securities Co Ltd -14.72%
  • Iran's Foreign Policy – Analysis
    Hyundai Securities Co Ltd -14.26%
  • Anchor Capital: Essential market review, 13 April

    View Korea Econ Page

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