Source: Bloomberg, ML

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Best last week among stock markets was Shanghai Stock Exchange Compos +1.59%, Russian Depositary Index USD +1.48%, Ibovespa Brasil Sao Paulo Stoc +1.37%, Russian Trading System Cash In +1.16%, While worst last week among stock markets was Warsaw Stock Exchange WIG Tota -2.25%, Nikkei 225 -1.66%, Deutsche Boerse AG German Stoc -1.58%, Karachi Stock Exchange KSE100 -1.40%, Best in FX space vs. greenback last week was USDKZT +1.80%, USDEUR +1.02%, USDLVL +1.02%, While worst in FX space vs. greenback last week was USDKRW -2.02%, USDAZN -1.15%, USDZAR -0.99%, Best among commodities last week was Rice +6.78%, OIL Brent +6.30%, COCOA +3.96%, While worst among commodities last week was Silver -4.51%, Cattle -3.74%, Platinum -1.79%, Best among bonds last week was GREECE +13bpts, BRAZIL +2bpts, While worst among bonds last week was PORTUGAL -31bpts, NEW ZEALAND -17bpts, Chart In This Weekly: In India CB - Urjit Patel prepares to take charge from the current Governor Raghuram Rajan on Sept. 4, on the back of the best GEM TR payoffs in Equity, Bond and Currency markets. Especially in bonds as rupee returns outpaced every emerging-market peer other than the Argentine peso. MidLincoln Tales/Comics Rob Saunders the PM and fictional Red Sun Asset Management in Lincoln Nebraska was preparing to rebalance his GEM corporate bond portfolio in line with JPM EMBI corporate bond index which was adding 2 sukuks 2023 sukuk for Dubai's DP World and a 2024 sukuk for Saudi Electricity Co. from the GCC largest utility company. He though he will position in these sukuks quite early well ahead of Dec 31 of this year - the actual index rebalancing date. Our Recent Research Reports 2016-08-22 ML Fixed Income Weekly 2016-08-19 ML Morning Meeting 2016-08-18 ML Morning Meeting 2016-08-18 ML Agribusiness Weekly 2016-08-17 ML Morning Meeting 2016-08-17 ML Weekly Realestate Key Country News News Korea S. Korea, US start drills despite N. 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Africa's ANC Seeks Budget Focus on Jobs as Support Drops /.../ Emerging Stocks, Currencies Drop as Traders Weigh Fed Timing /.../ Australia Rio 2016: Australian medal tally 'not what we expected', Olympic ... /.../ Australia|Australian Premier's Handout Spurs Debate on Best Way ... /.../ Australia Breaking Ground on Economic Growth in Malaita /.../ Turnbull urged to boost ties with China: report /.../ Mining is central to Australian history and has a strong future /.../ NSW shapes up as the big winner in GST carve-up /.../ Federal budget repair requires bipartisan maturity from Coalition ... /.../ Investors confident on Australia debt after ratings scare, says top ... /.../ News Korea S. Korea, US start drills despite N. Korea's nuclear threat /.../ Statement by the Prime Minister of Canada on the Republic of ... /.../ South Korean economic growth acclerated in the June quarter /.../ Samsung Biologics, Bobcat Brave Asia's 2nd-Worst IPO Market /.../ Can America Share Its Superpower Status? /.../ South Korea's Exports to China Fell for 13th Consecutive Month /.../ Kim Jong-un blows almost �29m on cigars and cigarettes with North ... /.../ Election Rout May Scuttle Call for Bank of Korea Debt Buying /.../ India Why Trump is the US President India needs /.../ Nepal Prime Minister Prachanda to visit India on 15 September /.../ Reality check on economic growth /.../ Here's Why General Motors Is Re-Assessing Its India Investment /.../ Bhagwat's Hindu population comment triggers controversy /.../ India's exports better placed in product diversification /.../ Samsung plans refurbished smartphone program: source /.../ Biggest Investors Honor India Debt Rally With Record Bond Sales /.../ Canada Readout of Vice President Biden's Call With Prime Minister Justin ... /.../ Statement by the Prime Minister of Canada on the closing of the Rio ... /.../ Real Estate GDP Now Represents Half Of Canada's Economic Growth /.../ Government of Canada Invests $6.3M to Support Eastern Ontario ... /.../ Syrian refugees give Canada's population a significant boost in Q1 /.../ Five things you should know before you start your work day on Aug. 22 /.../ Goodwill sale: everything must go! /.../ Canada's debt map: How much governments have borrowed where ... /.../ Turkey Turkey's president says wedding attacker who killed dozens was ... /.../ Turkey's Prime Minister Pledges Greater Role in Syria /.../ Downside risks on Turkey's economic growth increased, Turkish ... /.../ Fitch On Turkey: Debt Rating Safe, Outlook Negative /.../ Putin underestimated Ukrainians and overestimated his ability to ... /.../ WASDE: 2016 pork production lowered /.../ Turkey imposes import tax on thermal coal for power generation /.../ Fitch cuts Turkey debt outlook after coup attempt /.../ Brazil Brazil's president to begin impeachment trial /.../ Rio Olympics closing ceremony ends with Tokyo prime minister ... /.../ A Brazil turnaround is on the way: Fixed income expert /.../ BTG Profit Misses Estimates on Principal-Investment Loss /.../ How Brazil's Olympic Dream Died /.../ The only way is up /.../ How Much Have The Rio Olympics Cost Brazil? Budget Of The ... /.../ Debt of top 30 steel firms hits record $150 bn: E&Y /.../ Russia Yemen's ex-president: We are ready to work with Russia /.../ Turkey's Prime Minister Pledges Greater Role in Syria /.../ Russia's Only Escape From Its Budget Pain Is Economic Growth /.../ Russia Investment Bet Turning Out A Winner /.../ Global Struggles for Dominance: Noam Chomsky on ISIS, NATO ... /.../ Why the Russian Index MICEX Is Trading at a Record High /.../ RPT-Russia takes budget gamble by shelving Bashneft stake sale /.../ 'Brexit' Really Helped These Bond Lords /.../ China Suu Kyi meets China president during visit /.../ Canadian Prime Minister Goes to China to Attend G20 Summit to ... /.../ Moody's upgrades China's economic growth forecasts after stimulus /.../ Growth slowdown in China's investment continues in July /.../ China's Human Rights Violations and Population Control Policies /.../ London copper falls as China exports climb /.../ 70 to 2: What the Rio Olympics medal tally says about China-India ... /.../ Fears of Liquidity Trap May Worsen China's Debt Problem /.../ South Africa South Africa: President Zuma Extends Condolences to Soldiers ... /.../ Rio Olympics 2016: Spectacular closing ceremony as Olympic flag ... /.../ Election result will compound South Africa's economic woes /.../ Africa: Kigali Investments Summit to 'Demystify' Africa's Potential /.../ Police in South Africa Struggle to Gain Trust After Apartheid /.../ Africa and Asia set to become UK's biggest suppliers in wake of Brexit /.../ S. Africa's ANC Seeks Budget Focus on Jobs as Support Drops /.../ Emerging Stocks, Currencies Drop as Traders Weigh Fed Timing /.../ Australia Rio 2016: Australian medal tally 'not what we expected', Olympic ... /.../ Australia|Australian Premier's Handout Spurs Debate on Best Way ... /.../ Australia Breaking Ground on Economic Growth in Malaita /.../ Turnbull urged to boost ties with China: report /.../ Mining is central to Australian history and has a strong future /.../ NSW shapes up as the big winner in GST carve-up /.../ Federal budget repair requires bipartisan maturity from Coalition ... /.../ Investors confident on Australia debt after ratings scare, says top ... /.../