Source: ML, Bloomberg

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Chart: Estimated Fy1 GEM EPS Surges 6%.. Average estimated EPS growth for 2017 for GEMs at 30%... European growth is far more quiet Source: ML, Bloomberg 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 Hong Kong Hang Seng Index +1.27%, Korea Stock Exchange KOSPI Index +0.74%, Nikkei 225 +0.48%, S&P BSE SENSEX Index +0.14%, While worst since the start of the week among various stock markets was Borsa Istanbul 100 Index -3.80%, Deutsche Boerse AG German Stock Index DAX -2.19%, FTSE 100 Index -1.32%, Mexican Stock Exchange Mexican Bolsa IPC Index -1.10%, Best week to date in FX space vs. greenback was JPY +0.41%, EUR +0.08%, LVL +0.08%, While worst week to date in FX space vs. greenback was KRW -0.87%, ZAR -0.67%, AUD -0.34%, Best among commodities versus last Friday close was COTTON #2 (ICE) +0.67%, NATURAL GAS (NYMEX) +0.40%, PLATINUM SPOT +0.33%, While worst among commodities versus last Friday close was LIVE CATTLE (CME) -0.68%, COPPER (COMEX) -0.61%, GOLD (COMEX) -0.37%, News China Philippine President Says He'll Open Trade Alliances With China ... /.../ Prime Minister announces increased collaboration with China /.../ China slowdown is global economy's biggest threat, Rogoff says /.../ Chinas investment growth steady in August, industrial output and ... /.../ Population Growth Extremes: Doublers and Decliners /.../ China's imports rise for first time in nearly two years, raising hopes ... /.../ Without Legacy China Budget Airlines Gain on `Big Three' /.../ China debt could wreck the global economy: Leading economist ... /.../ South Africa South African union backs unionist-turned-tycoon Ramaphosa as ... /.../ Indian Navy warships conclude South African visit /.../ South Africa: Investment in Health Workforce Will Drive Economic ... /.../ South Africa: Investment in Health Workforce Will Drive Economic ... /.../ Best to legalise the ivory trade - or not? /.../ South Africa: Moody's Underwhelmed By SA Growth Figures /.../ South Africa: From #feesmustfall to Budget Battles /.../ SA's Debt to GDP Highest Among Emerging Market Peers - Report /.../ Australia Australia's air strike on Syrian troops was an 'intentional' act, says ... /.../ PNG Prime Minister's XIII reflect after tough loss to Australia /.../ GDP: Happy 25th birthday to Australia's economic growth /.../ Mutual lender takes equity stake in fintech platform /.../ This epic chart pack from the NAB reveals recent trends in ... /.../ Taking a closer look at the slowdown in China /.../ Coalition flags funding cuts to elite private schools /.../ Australia's QIC bullish on US house debt, negative on Asian banks /.../ Korea South Korea's President Has No Easy Options in Dealing with an ... /.../ Japanese Prime Minister Abe calls for resolute UN action against ... /.../ Malaysia to emulate Korea's economic model /.../ North Korea Needs Foreign Investment, But Has Done Little to Attract It /.../ NDEMO: A peaceful agricultural revolution is possible /.../ Korea's exports to China shrink for 14 consecutive months /.../ S.Korea's 2017 budget reaches 360 bln dollars on rising welfare ... /.../ Joint effort to bail out Korea's debt-laden shipper Hanjin /.../ India AIFF bound by old contracts, says president Praful Patel /.../ India's prime minister says Pakistan a haven for terrorism /.../ Why India is not the new China /.../ India's investment cycle has no signs of recovery for another year /.../ Family planning : India's population growth halves, but women still ... /.../ 'India's exports turning corner, pick up likely from Oct' /.../ Revenue from liquor fills government coffers /.../ StanChart woes encapsulate India's debt problem /.../ Canada Native Women's Association of Canada appoints interim president /.../ Prince George Leaves Canada's Prime Minister Hanging /.../ Ottawa to assess stimulus program impact in November after ... /.../ $29800 to support jobs, growth and prosperity in Gogama /.../ Getting Older is Cruelest Blow to Global Growth, Just Ask Canada /.../ Canada's rates to stay low, businesses should adjust -central ban... /.../ Budget watchdog: tax credit for PEI's bridge tolls would cost $2.5M /.../ Michelle Hauser: Canada's debt-induced anxiety /.../ Turkey Turkey's Erdogan: Assad Is Responsible for Aid-Convoy Attack /.../ Johnson set for 'warm' welcome despite poem outcry /.../ Turkey: Economic Growth to Be Possibly Influenced in Q3 /.../ Iran energy fires up Turkey's investment zest /.../ Tune-Up on Fall Turkey Hunting Tactics /.../ Expo Turkey to be held in Qatar to enhance trade network in MENA /.../ Turkey's budget deficit at $7.4 billion for 2015 /.../ Moody's cuts Turkey debt rating to junk /.../ Brazil Brazil: President Temer Under Investigation for Corruption /.../ Brazil urges India to broaden MERCOSUR presence /.../ Brazil's new government needs economic growth and may sacrifice ... /.../ Spain says political logjam no impediment to investment by foreign ... /.../ Goodbye, Dilma. Hello, Michel. /.../ Brazilian shoe exports on the march /.../ Brazil to use repatriation funds to avert spending freeze: source /.../ Tale of Eldorado does little to dampen Brazilian bond allure /.../ Russia Philippine President Says He'll Open Trade Alliances With China ... /.../ Philippines' Duterte pivots to China, Russia as investors flee /.../ Russias economic growth most likely to see down trend this year ... /.../ Exclusive: Russian oil majors raise output of hard-to-recover crude /.../ Putin Sanctioned His Own People. But It Helped Him Win. /.../ BRICS countries face challenges /.../ Russia Decries 'Castles in the Sky' as Plans Converge on $40 Oil /.../ Russia's bond comeback lands at regulators' door /.../