Source: ML

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Chart: For Brent bulls it is s important for the oil price to come back into the recent trend channel Source: ML Market Comment Political & Economic News Today's Economic Events Today's Stock Results Recent ML Reports Key Comment Best since the start of the week among various stock markets was Russian Depositary Index USD +1.81%, Ibovespa Brasil Sao Paulo Stoc +1.76%, Shanghai Stock Exchange Compos +1.51%, Hong Kong Hang Seng Index +1.29%, While worst since the start of the week among various stock markets was Nikkei 225 -2.33%, Deutsche Boerse AG German Stoc -1.64%, Warsaw Stock Exchange WIG Tota -1.28%, FTSE/JSE Africa All Share Inde -0.94%, Best week to date in FX space vs. greenback was USDZAR +1.50%, USDRUB +1.47%, USDJPY +1.46%, While worst week to date in FX space vs. greenback was USDAZN -0.88%, USDBRL -0.44%, USDKRW -0.31%, Best among commodities versus last Friday close was OIL Brent +5.58%, Rice +4.52%, COCOA +3.29%, While worst among commodities versus last Friday close was Cattle -1.86%, Coffee -1.60%, Sugar 0.05%, Best among bonds since week to date week was BRAZIL +6bpts, HONG KONG +3bpts, While worst among bonds since week to date week was PORTUGAL -16bpts, CANADA -5bpts, News India WFI president confident that Narsingh Yadav will clear CAS hurdle /.../ Indian prime minister sends warning shot to China, Pakistan on ... /.../ India's economic growth could shift focus from Pacific /.../ Here's Why General Motors Is Re-Assessing Its India Investment /.../ India's Fintech Startups Will Cause A Cashless 'Payment Revolution ... /.../ India's exports better placed in product diversification /.../ AirAsia India expands domestic fleet /.../ Biggest Investors Honor India Debt Rally With Record Bond Sales /.../ Canada Chat with Wolfgang Hoffmann: New President of Jaguar Land Rover ... /.../ Statement by the Prime Minister of Canada on the death of Mauril ... /.../ Think Tank Cuts 2016 Canada Economic-Growth View to 1.4% /.../ Government of Canada Invests $6.3M to Support Eastern Ontario ... /.../ Syrian refugees give Canada's population a significant boost in Q1 /.../ Weak US investment hampers Canada's non-energy exports /.../ Goodwill sale: everything must go! /.../ Low-rate credit card market heats up in Canada /.../ Turkey Turkey to release 38000 prisoners to make room for more post-coup ... /.../ Turkey submits Israel deal to parliament for approval /.../ Downside risks on Turkey's economic growth increased, Turkish ... /.../ Turkey: Investment risks loom large amid government crackdown /.../ Who took to the streets after July 15? /.../ WASDE: 2016 pork production lowered /.../ Turkey imposes import tax on thermal coal for power generation /.../ The Latest: Turkey debt downgraded again over coup fallout /.../ Brazil Brazilian Judge Allows Fresh Investigation of Suspended President ... /.../ #ReadySetRio: PHOTO - PM Andrew Holness arrives in Brazil /.../ Brazil raises 2017 GDP growth forecast as confidence improves /.../ Could the Olympics boost Brazil in a historic month? /.../ How Brazil's Olympic Dream Died /.../ 10 things you didn't know about Brazil's economy /.../ How Much Have The Rio Olympics Cost Brazil? Budget Of The ... /.../ Deep Dive: Japanese Yen, Brazil Debt and ETF Flows /.../ Russia Serbia not to impose sanctions on Russia, President says /.../ Russian Prime Minister Medvedev delays Bashneft privatisation - RBC /.../ Russia's Only Escape From Its Budget Pain Is Economic Growth /.../ Oil Currency Breaks Ranks as Azeris Can't Quench Dollar Need /.../ Global Struggles for Dominance: Noam Chomsky on ISIS, NATO ... /.../ Why the Russian Index MICEX Is Trading at a Record High /.../ Emerging-Market Rally Fades as Dudley Comments Spur Fed ... /.../ Markets Forget Their Russian Lessons /.../ China UK's Theresa May Writes to China's President and Premier Amid ... /.../ Indian prime minister sends warning shot to China, Pakistan on ... /.../ Moody's upgrades China's economic growth forecasts after stimulus /.../ Growth slowdown in China's investment continues in July /.../ China's working age population to fall 23 per cent by 2050 /.../ China Exports Remain Subdued as Import Drop Fuels Demand ... /.../ Weibo's (WB) CEO Gaofei Wang on Q2 2016 Results - Earnings Call ... /.../ Bond Vigilantes Win Victories Opposing China Debt-Equity Fix /.../ South Africa Zuma opens the curtain on South African presidential funerals /.../ South Africa: Minister Des Van Rooyen Addresses Independence ... /.../ South Africa just leapt over Nigeria to become Africa's largest ... /.../ Nigeria is still Africa's investment destination - Dangote /.../ Beat them and eat them: Horror of North Korea's advice on ... /.../ Bridging South Africa's Economic Divide /.../ S. Africa's ANC Seeks Budget Focus on Jobs as Support Drops /.../ South African Bonds Offer World-Beating Gains. Citadel Wants Out /.../ Australia In Australia, US vice president issues belligerent challenge to China /.../ Prime Minister Malcolm Turnbull brokers deal for Australia's Long ... /.../ UBS: International students are helping power Australian economic ... /.../ China warns 'protectionist' Australia on investment after grid deal ... /.../ Population growth stabilising, providing economic boost: UBS /.../ NSW shapes up as the big winner in GST carve-up /.../ Bill Shorten kills hope of deal on $6bn budget savings /.../ Boost for Scott Morrison as Moody's affirms AAA credit rating /.../ Korea South Korea President Park leaves out Kim Jong Un in unification ... /.../ Statement by the Prime Minister of Canada on the Republic of ... /.../ South Korean economic growth acclerated in the June quarter /.../ [DECODED] Hanwha seeks retail growth with duty-free outlet /.../ Police in South Africa Struggle to Gain Trust After Apartheid /.../ South Korea's Exports to China Fell for 13th Consecutive Month /.../ Violence-plagued Morelia preps for papal visit /.../ Korea urged to rethink debt strategy /.../