image

May 19, 2017

Best 15 Markets Yesterday

CountryChangePct
ZIMBABWE2.04
KENYA1.79
NIGERIA0.99
MOROCCO0.98
BAHRAIN0.90
HUNGARY0.62
INDONESIA0.46
DENMARK0.39
USA0.37
GHANA0.32
BANGLADESH0.18
CANADA0.16
BULGARIA0.11
SERBIA0.08
SAUDI ARABIA DOMESTIC-0.02

Worst 15 Markets Yesterday

CountryChangePct
BRAZIL-14.66
ARGENTINA-3.85
NORWAY-2.59
CHILE-2.48
RUSSIA-2.43
INDIA-2.39
PORTUGAL-2.34
BELGIUM-2.32
KAZAKHSTAN-2.24
JAMAICA-2.13
TURKEY-2.04
COLOMBIA-2.00
PAKISTAN-1.86
MEXICO-1.80
BOTSWANA-1.33

Best 10 Markets YTD

CountryChangePct
ARGENTINA36.84
POLAND29.76
JAMAICA29.18
AUSTRIA26.79
KOREA24.65
ROMANIA23.68
KAZAKHSTAN23.25
GREECE22.50
SPAIN21.08
TURKEY18.93

Worst 10 Markets YTD

CountryChangePct
OMAN-11.99
RUSSIA-8.61
LEBANON-8.40
SAUDI ARABIA DOMESTIC-2.96
TUNISIA-2.94
QATAR-2.64
QATAR DOMESTIC-2.48
TRINIDAD AND TOBAGO-1.92
CANADA-1.86
JORDAN-1.41

Best 10 Markets Last 12 months

CountryChangePct
JAMAICA48.50
AUSTRIA46.47
BULGARIA46.35
KAZAKHSTAN39.81
TAIWAN35.80
KOREA35.69
ZIMBABWE33.41
HUNGARY31.87
CHINA30.32
ARGENTINA28.09

Worst 10 Markets Last 12 months

CountryChangePct
NIGERIA-27.75
TUNISIA-19.02
BOTSWANA-18.04
GHANA-15.16
EGYPT-14.48
OMAN-12.33
SLOVENIA-10.74
ISRAEL-9.72
BOSNIA AND HERZEGOVINA-9.58
ESTONIA-4.99

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Bolivia4.960.08
Tunisia6.100.06
Indonesia4.120.05
Costa Rica6.180.03
Philippines3.310.02
Ethiopia6.580.02
Turkey5.070.02
Sri Lanka5.290.01
Lebanon6.050.01
Jordan5.870.01
Dominican Republic5.300.01
Poland2.740.00
Slovak Republic2.460.00
United States0.990.00
Panama3.530.00
Egypt5.99-0.01
Malaysia3.47-0.01
Hungary3.33-0.01
Lithuania2.49-0.01
Paraguay5.53-0.01
Vietnam4.30-0.01
India3.90-0.01
China3.05-0.01
Chile2.98-0.01
Romania3.60-0.02
Cote D'Ivoire (Ivory Coast)6.33-0.02
Morocco3.41-0.02
Pakistan5.05-0.02
Jamaica5.81-0.02
Trinidad and Tobago4.77-0.03
Mongolia5.92-0.03
Croatia (Hrvatska)3.58-0.03
Oman4.64-0.03
Serbia3.45-0.03
Russian Federation3.93-0.04
Uruguay4.31-0.04
Peru3.84-0.04
Mexico4.50-0.04
Colombia4.10-0.05
Argentina6.30-0.06
Azerbaijan4.81-0.06
South Africa4.91-0.06
Kazakhstan4.58-0.07
Zambia7.73-0.07
Brazil4.78-0.08
Nigeria6.89-0.09
El Salvador8.49-0.11
Kenya6.56-0.11
Angola8.64-0.12
Ecuador8.66-0.15
Gabon6.56-0.15
Ghana8.15-0.18
Iraq7.81-0.24
Ukraine7.65-0.29
Venezuela24.96-0.58

Chart: Brazil Impeachment

Adding to the gloom – Brazil. MSCI Brazil Index was down 14% (in USD) yesterday, Bovespa down 8% (in reais) while Ishares MSCI Brazil ETF finished 16% down yesterday in New York

Source: ML, Bloomberg

Download file in Power Point


Comment

Weekly performance is between 2017-05-18 and 2017-05-12

Best global markets week to date EUROPE +0.22%, EFM ASIA-0.06%, FM (FRONTIER MARKETS)-0.62%,

While worst global markets week to date EM LATIN AMERICA -9.45%, EM (EMERGING MARKETS) -1.40%, USA -1.05%,
  • Fundamentals kick in as US equities bounce back from Trump ...
  • US equities recovered some ground
  • Emerging markets have returned to form - time to buy?
  • Leveraging Demographics in Emerging Markets (EMCG)
  • China stocks set to end week flat amid regulation, economy woes
  • Chinese Stocks Are Finding Favor, as Long as You're Not in China
  • That big rotation to European stocks is starting to make a lot of sense
  • European Equities in the Red as Inflation Rises Across the Region
  • As Breakeven Prices Converge An Oil Price Crash Nears
  • From Oil To Arms: Saudis Move Away From Crude
  • US Steel Prices Fall in May, and This Might Just Be the Beginning
  • GST: Coal in lowest tax slab, steel prices to be stable
  • Trump 'Witchhunt' Sees Gold Price Pop $30 Below 'Game Changing ...
  • Current Gold Price: Track current gold rate trends and news

    Best since the start of the week among various stock markets were ZIMBABWE +8.23%, AUSTRIA +4.85%, BULGARIA +3.71%, HUNGARY +3.16%, KENYA +2.10%, CZECH REPUBLIC +1.67%, KUWAIT +1.67%, SERBIA +1.62%, ROMANIA +1.49%, SLOVENIA +1.13%,

    While worst since the start of the week among various stock markets were BRAZIL -14.72%, ARGENTINA -3.52%, PAKISTAN -3.35%, PORTUGAL -2.91%, MEXICO -2.36%, JAMAICA -2.21%, CHILE -2.18%, ISRAEL -2.07%, KAZAKHSTAN -1.98%, LEBANON -1.96%,

    News

    Best 10 Market Since the begining of the week


    ZIMBABWE 8.23


  • Mnangagwa to be Zimbabwe President until 21 August 2018
  • Mnangagwa to be Zimbabwe President until 21 August 2018
  • Zimbabwe: Agric, Mining to Drive Economic Growth - IMF
  • Allocations along Zim-Asset lines hailed
  • Female electorate fenced out of party structures
  • Zim-Namibia seal economic pact
  • Retention funds cost Zim millions
  • Zimbabwe's Debt Clearance Strategy Questioned

    AUSTRIA 4.85


  • Austrian President calls on all women to wear headscarves in ...
  • Poland's Prime Minister says country will accept no refugees as EU ...
  • Tracking how many key positions Trump has filled so far
  • Austria: Mining, Minerals and Fuel Resources
  • Growing immigration will 'keep Austria young'
  • Austria aims to boost wine exports
  • Fitch Affirms Sovereign Ratings Of Austria & Portugal
  • The Dawn of the Ultra-Long Bond

    BULGARIA 3.71


  • President Rumen Radev: 'Bulgaria to Continue Support For its Large ...
  • Bulgarian PM Borissov on 'Nazi salute' photo scandal: 'It's human ...
  • Bulgaria records 0.8% economic growth in Q1 2017 – flash estimate
  • Bulgaria Posts 46.4% Drop in FDI in Jan-Nov 2016
  • Telenor Bulgaria boosts mobile data usage in Q1
  • Bulgaria's Exports Grew 4% in 2015 - Final Data
  • Bulgaria expects Jan-April fiscal surplus to shrink to 1.6 pct
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    HUNGARY 3.16


  • Hungarian university president: 'I need the support of Europe'
  • MEPs slam Hungary, call on EU to explore sanctions
  • IMF welcomes Hungaryʼs economic performance, but calls for reforms
  • Hungary aims for bigger role in Belt and Road Initiative
  • Hungary: Population Movement - Emergency Appeal n° MDRHU004 ...
  • Hungary lags far behind CEE peers in terms of growth
  • Hungary may revise 2017 budget in light of March deficit - minister
  • Energy analyst: New nuclear reactors will heavily increase ...

    KENYA 2.10


  • Kenya president urges rebalance of China-Africa trade
  • Uhuru returns from UK, China visit
  • Kenya needs 2M low-income homes for economic growth, says ...
  • East Africa leads continental growth in 2016
  • Questions continue to be asked about ongoing food crisis
  • Kenya: Agoa Doubts Cut Kenya Exports to US By 12%
  • Dual cam, premuim specifications on a budget phone
  • How pension funds can help relieve Kenya's debt burden

    CZECH REPUBLIC 1.67


  • Controversial Czech President jokes 'there are too many journalists ...
  • Czech PM accepts new finance minister ending crisis
  • Bright GDP growth figures from Eastern Europe
  • Czech politicians take aim at banks
  • Právo: Czechs want to live long, but not to age
  • Seat increases sales by 10% and production at its Greater ...
  • UPDATE 1-Czech PM's party puts bank tax back on election menu
  • Czech Parliament Approves Armenian Genocide Resolution

    KUWAIT 1.67


  • Liberia: President Sirleaf Receives Letters of Credence of New ...
  • MPs set to grill prime minister
  • EQUATE receives recognition from UN, Kuwait's SCPD – Company ...
  • BRIEF-Kuwait Investment Authority postpones sale of stake in ...
  • Kuwait population rises to 4.33 mln
  • Beximco in milestone achievement with Kuwait exports
  • Kuwait '35 vision tangible strides, clear reforms to build ...
  • Kuwait marketing 5, 10-year US dollar benchmark bonds - lead

    SERBIA 1.62


  • Serbia president arrives in Belarus on working visit
  • Bookies Favour Dacic as Serbia's New Prime Minister
  • EC raises Serbia 2017 GDP growth fcast on increasing domestic ...
  • Exclusive Interview: Dragana Djurica, Senior Expert for ...
  • Russian-Serbian Humanitarian Center marks 5th anniversary
  • Prime Minister: Serbia to Invest Some Budget Savings in Defense ...
  • Serbian PM expects no budget deficit at end-April
  • Vucic, Putin to discuss Serbia's debt for gas

    ROMANIA 1.49


  • Media: Two of US President Donald Trump's sons came to Romania
  • Romania ready to start OECD membership talks - PM
  • Romania champions EU economic growth in Q1
  • CRF Health: Romania investment part of growth strategy
  • Romania's population drops by two million in ten years
  • Romania's exports and imports accelerate in March to new record ...
  • Romania budget revenues down 5.7 pct in January 2017
  • CEE MARKETS-Bucharest stocks hit 9-year high, Hungary lifts bond ...

    SLOVENIA 1.13


  • Croatia Quizzes Slovenia Over Thompson Concert Ban
  • Croatia Quizzes Slovenia Over Thompson Concert Ban
  • Slovenia wishes to become major logistic hub of Belt and Road ...
  • Lower EU funds could be felt by CEE, due to Brexit, but pain could ...
  • Balkan countries unite in a war on waste
  • Slovenia March export growth at six-year-high, slowdown seen in H2
  • Good news on fiscal front for 2016 in CEE, apart from Romania
  • EEMEA MIDDAY: EM hits bump in the road

    Worst 10 Market Since Begining of the Week


    BRAZIL -14.72


  • Brazil president Temer vows not to resign as court approves ...
  • Daily briefing: Trump witch-hunt; Nafta talks; Brazil shock
  • Brazil Optimistic Despite Decline of UN Economic Forecast
  • Brazil infra sector set to benefit from PPI investment program
  • Reforms end three years of turmoil and recession in Brazil
  • GM and Toyota to boost Brazil exports
  • Brazil could raise up to $1 billion in debt renegotiation: sources
  • Brazil Bonds: Take Some Profits, Invesco Says
    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Cia Brasileira de DistribuicaoBRAZILConsumer Staples5/19/2017

    ARGENTINA -3.52


  • Carlos Tevez has lunch with Argentina President Mauricio Macri in ...
  • Argentina's Macri Arrives in Japan on Two-Day Visit
  • The Myth of Argentina's Failure
  • The Rohatyn Group Invests in Argentina's Eco Minera
  • A third of Argentina's population live in poverty, according to the ...
  • Viña Concha y Toro SA: 17 /05/2017 - Viña Concha y Toro ...
  • UPDATE 1-Argentina beats 2016 fiscal goal with deficit of 4.6 pct of ...
  • Martin Wolf: Argentina's debt dispute must not be repeated
    Econ events
    momenteventForecastConsensus
    2017-05-18Retail Sales YoY MAR0.1658

    PAKISTAN -3.35


  • Government committed to provide affordable healthcare: President
  • Hong Kong police on high alert as Pakistan prime minister visits city ...
  • Pakistan economy surpasses $300 billion: Report
  • PM touts Pakistan's investment prospects to Hong Kong forum
  • Pakistanis, on average, earn $1629 a year
  • Govt to miss exports, imports, CAD targets
  • Budget deficit likely to go up further
  • Is Pakistan's debt really a problem?

    PORTUGAL -2.91


  • Portugal's leaders celebrate historic Eurovision Song Contest victory
  • Portuguese Prime Minister babysits after declaring national holiday ...
  • Portugal's winning streak continues with strong Q1 economic growth
  • DBRS maintains Portugal's investment grade rating with stable outlook
  • Sustained growth for Portuguese festival market
  • Textile, clothing exports up 5%, beating 2020 sector target of €5bn
  • Portugal raises wages and keeps deficit low
  • Portugal debt agency official says worried about liquidity, QE exit
    Econ events
    momenteventForecastConsensus
    2017-05-18Current Account MARˆ 360.9M

    MEXICO -2.36


  • Mexico president heads to Guatemala to discuss migration, extradition
  • Mexican foreign minister: 'We are ready' to rework NAFTA
  • Economists upgrade Mexico growth prospects despite Nafta furore
  • The End of Globalisation?
  • Beijing Has Lifted its One-Child Policy, But More Working Chinese ...
  • Gas Producers Slow To Put Pedal To Production
  • Reluctant Lawmakers Set Sights on Fix for New Mexico Budget
  • Mexico Debt Outlook Still Negative, Fitch Says
    Econ events
    momenteventForecastConsensus
    2017-05-18Interest Rate Decision 0.0675

    JAMAICA -2.21


  • President of NWC Outlines Challenges
  • Prime Minister Tours Affected Parishes
  • Jamaica's Economic Reform and Growth: Interview with Nigel Clarke
  • Mark Ricketts | Jamaica's next level of growth
  • Growing old and beautiful
  • Jamaica rum exports projected to grow
  • Property tax: what's the problem?
  • Jamaica debt ratio falls to 120% of GDP

    CHILE -2.18


  • Chile Ex-President Sebastian Piñera Declares a $600m Fortune
  • Minister Duclos to visit Argentina and Chile to discuss poverty ...
  • Digital banking propels Chile's economic growth
  • Copper Won't Lead Chile's Investment Recovery
  • Americas' Poor Turn South as Trump Looks to Block the Road North
  • Defence of Right to Water Drives Call for Land Reform in Chile
  • Chile Puts Its Reputation Above Stimulus in 2017 Budget
  • Anti-Torture Law Helps Pay Off Chile's Debt to Human Rights
    Econ events
    momenteventForecastConsensus
    2017-05-18Current Account Q1$ 734.2M
    2017-05-18GDP Growth Rate YoY Q10.002
    2017-05-18GDP Growth Rate QoQ Q1-0.007
    2017-05-19Interest Rate Decision 0.0275

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Empresas COPEC SACHILEEnergy5/18/2017

    ISRAEL -2.07


  • Presidential visit to Israel, 43 years after Nixon's, stirs memories of ...
  • Benjamin Netanyahu Meets Aerosmith, Lays On the Jokes! 'You Don ...
  • Israel's Growth Slows Unexpectedly as Car Purchases Decline
  • Insights
  • Charedim and Arabs set to dominate Israel population
  • Medical equipment leads rise in Israel's exports
  • Broward sheriff makes case for more money
  • Israel's debt-to-GDP ratio falls
    Econ events
    momenteventForecastConsensus
    2017-05-18M1 Money Supply YoY APR

    KAZAKHSTAN -1.98


  • Meet the Kazakh woman using presidential portraits to avoid eviction
  • Kazakh Prime Minister: no time to relax about GDP growth
  • Kazakhstan's Economy Has Bottomed Out, Now Searching for New ...
  • Kazakhstan's Renewable Energy Quest
  • Central Asia's Population Growth
  • EIA- Kazakhstan Oil Market Overview
  • Government proceeds with privatising state property, says vice ...
  • Kazakhstan's Debt Focus Turns Domestic as Bond Buyback an Option

    LEBANON -1.96


  • President of Lebanon Receives Appeal to Stop the Killing of ...
  • Hariri is stuck. In order to return as prime minister, he had to sign on ...
  • Lebanon Prime Minister Saad Hariri calls for economic development
  • Gorsuch a much-needed win for Trump, GOP
  • Lebanese vent frustrations over strained economy
  • Chief Lebanese Industrialist: Gulf Markets Represent 30% of ...
  • Spending concerns raised at Lebanon budget hearing
  • Barclays keeps Lebanon's debt at Neutral

    Our Recent Research Reports

  • 2017-05-18 ML Morning Meeting
  • 2017-05-17 ML Morning Meeting
  • 2017-05-16 ML Morning Meeting
  • 2017-05-16 MidLincoln Weekly Chart Art
  • 2017-05-15 ML Sectors Strategy Weekly
  • 2017-05-15 ML Fixed Income Queries and Stance Weekly
  • 2017-05-15 ML Weekly (with correct links)

    Recent Chart Art

    Brazil Impeachment

    Download file in Power Point
    Other Global Gloom Signs besides Trump Sell off In the States Yesterday -

    Download file in Power Point
    CEE Real Rates

    Download file in Power Point
    New Silk Road From Beijing to Barcelona

    Download file in Power Point
    Bond Yields is a one good reason for European stock performance. Not?

    Download file in Power Point
    Spike in HK yields is mostly caused by dislocation in coal markets which caused record losses for HK trader Noble Group. Yields spike..

    Download file in Power Point
    Energy Sector is the worst in global equity sectors performance ytd.

    Download file in Power Point
    Average IPO Performance to date by country % this year.

    Download file in Power Point
    Betting on European Election - Choose DAX

    Download file in Power Point