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Report: ML Morning Meetting

Source: JPM, FT

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Chart: Emerging Markets Bond Yields Widened - A sign of caution Best since the start of the week among various stock markets was Warsaw Stock Exchange WIG Total Return Index +1.02%, Nikkei 225 +0.91%, MICEX Index +0.87%, Shanghai Stock Exchange Composite Index +0.48%, While worst since the start of the week among various stock markets was Karachi Stock Exchange KSE100 Index -1.96%, S&P BSE SENSEX Index -1.37%, FTSE 100 Index -1.05%, Mexican Stock Exchange Mexican Bolsa IPC Index -0.97%, Best week to date in FX space vs. greenback was AUD +0.31%, ZAR +0.22%, LVL +0.20%, While worst week to date in FX space vs. greenback was AZN -1.43%, CAD -1.14%, KRW -0.68%, Best among commodities versus last Friday close was LIVE CATTLE (CME) +4.27%, PLATINUM SPOT +3.14%, COPPER (COMEX) +2.32%, While worst among commodities versus last Friday close was NATURAL GAS (NYMEX) -8.69%, BRENT CRUDE (ICE) -3.24%, WTI CRUDE OIL (NYMEX) -3.07%, News Russia Syria's Civil War Is Over—Russia Won /.../ Russia's Prime Minister confirms resignation of dope-tainted deputy ... /.../ Russian PM expects modest economic growth in early 2017 /.../ russias investment demand prospects remain gloomy says danske ... /.../ Chinese may become Russia's second largest ethnic population by ... /.../ Russia exports peas at record high pace /.../ Russia's budget to remain social /.../ Russia's debt collectors turn violent as recession leaves 11.5m in debt /.../ China Philippine President's Pro-China Shift Faces Test at Home /.../ Japan Will Give The Philippines More Aid Than China /.../ The curious case of China's remarkably consistent economic growth /.../ Baird Appoints Lydia Xu as Head of China Investment Banking /.../ China's new two-child policy predicted to have relatively small effect ... /.../ China's September exports tumble amid weak external demand /.../ Marysville, Algonac schools asking for tax increases /.../ China Gets Desperate About Debt /.../ South Africa The BRICS have given South African president Jacob Zuma enough ... /.../ Prime Minister receives South African ambassador accredited to ... /.../ South Africa: Treasury Cuts Economic Growth Estimate to 0.5 Percent /.../ South Africa Investment Case Remains Strong Ahead of New York ... /.../ South Africa: Between Growth and Chaos /.../ Avocados to U.S., Nuts to China to Boost S. Africa Exports /.../ Weak South African Economy Muddies Budget as Downgrade Looms /.../ South Africa: Debt Service Cost Rises to Close to R148 Billion /.../ Australia Australian relationship with Indonesia in 'very good shape', Julie ... /.../ Q&A recap: The best Prime Minister we never had, and why we ... /.../ China's economic growth of 6.7pc shows 'uncanny stability' /.../ Developer Nigel Satterley tips bust for units in Brisbane, Perth /.../ Population growth gives Australians misleading picture of economy /.../ Australias exports seem to have increased in August /.../ Treasury yet to cost commodity budget lift /.../ Why government debt isn't the biggest threat to Australia's credit rating /.../ Korea South Korean President Calls for Ending Term Limits /.../ G-Dragon To Receive South Korea's Prime Minister Commendation ... /.../ Samsung's Crisis Could Undermine South Korea's Economic Growth /.../ AdvisorShares Rolls Out an Active South Korea Growth ETF /.../ [Graphic News] S. Korea has 4th-lowest fertility rate /.../ South Korea's Exports Showed Negative Growth for 21st ... /.../ PHL mulls over future of airports as transport execs eye Clark /.../ Korea's debt ratio not that low, given population aging: report /.../ India Why India and Pakistan could be big headaches for the next US ... /.../ India cranks up security a notch for Prime Minister John Key's visit /.../ Sagarmala: Developing India's Ports to Aid Economic Growth /.../ India's Investment In US Government Bonds At Record 123 Billion ... /.../ Book explores growth, success of America's Indian population /.../ Powered by Shipping, India's Exports Showing Hints of a Recovery /.../ Revenue department to start pre-Budget consultations with industry ... /.../ Biggest Investors Buy Record India Debt After Military Offensive /.../ Canada Justin Trudeau speaks with EU president to salvage troubled ... /.../ Scientific challenges loom for Canada's popular prime minister /.../ Ottawa's bold new plan for economic growth is eerily familiar: Walkom /.../ Earnings: Profits expected to Decrease for Fairfax India Holdings ... /.../ PEI population growth leads Atlantic Canada /.../ Lower for Longer Now Applies to Canada's Exports, Not Just Rates /.../ Trudeau set to tap Canada's budget reserves amid dismal growth /.../ Canada's total debt enough to make Italians 'blush' /.../ Turkey Politics|Obama Speaks With Turkey's President About ISIL Fight /.../ Iraqi PM declines Turkish offer to help in Mosul battle /.../ Turkey Holds Interest Rates Steady /.../ The 8th Turkey Investment Conference held in New York /.../ Davis council approves plan to trap and kill city's wild turkeys /.../ From Foreign Trade to Clean Energy: Turkey's Business, Innovation ... /.../ Turkey's budget deficit at $7.4 billion for 2015 /.../ Moody's cuts Turkey debt rating to junk /.../ Brazil Brazil president's plan to restore finances takes step forward /.../ PM Narendra Modi meets Brazilian President /.../ Brazil Economists Trim Economic Growth Outlook for 2016 and 2017 /.../ Moody's says no Brazil investment grade rating before 2018 /.../ How the Feds Botched the Frontier Homestead Acts /.../ BRICS reefer trade poised for growth /.../ Brazil Budget Gap Widens More Than Forecast as Revenue Falls /.../ Schroders Buys Russia, Brazil Debt as Emerging-Market Run Fades /.../

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