Ukraine UX Index Up 21% YTD, despite some escalation with Russia. It is also one of the best markets this week. MSCI Ukraine is up 3% WTD

Source: ML, Bloomberg

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Chart: Ukraine - unexpected winner this year Ukraine UX Index Up 21% YTD, despite some escalation with Russia. It is also one of the best markets this week. MSCI Ukraine is up 3% WTD Source: ML, Bloomberg Download file in Power Point Comment Weekly performance is between 2017-03-22 and 2017-03-17 Best global markets last week FM (FRONTIER MARKETS) +0.26%, EM (EMERGING MARKETS) +0.15%, EFM ASIA +0.09%, While worst global markets last week USA -1.30%, EUROPE -0.55%, EM LATIN AMERICA -0.07%, The Cape measure also suggests US equities are overvalued Record Number of Fund Managers Say US Equities Are Overvalued Will the rally in emerging markets continue? Emerging Markets Are on a Tear China stocks fall on domestic liquidity concerns, Trump doubts Hong Kong, China stocks fall as global market sentiment turns bearish Are European equities undervalued? Funds invested in 'cheap ... European equities hit highest level since 2015 Oil Prices Continue To Face Pressure From Brimming Inventories The Trump bump for shares is dented - but watch where the oil price ... MOC: Average finished steel price in China up 0.7 percent Steel Prices: Cold-Rolled Coil Hits a 5-Year High, Will They ... Gold rate today: Track Gold price in India and market outlook Gold prices surge in Dubai, will it rise further? Best since the start of the week among various stock markets were UKRAINE +3.03%, BOTSWANA +2.38%, GHANA +2.26%, KENYA +2.21%, TUNISIA +1.42%, SOUTH AFRICA +1.35%, RUSSIA +1.25%, KOREA +0.99%, VIETNAM +0.98%, THAILAND +0.94%, While worst since the start of the week among various stock markets were EGYPT -3.42%, HUNGARY -2.97%, POLAND -2.53%, NEW ZEALAND -2.39%, JAMAICA -1.80%, SAUDI ARABIA DOMESTIC -1.63%, BANGLADESH -1.62%, SINGAPORE -1.62%, INDIA -1.55%, PHILIPPINES -1.53%,