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Indexes
Currencies
Commodities
Rates

Index Performance

Changes between 2016-09-19 and 2016-09-23
NdexLastWkChPct
Borsa Istanbul 100 Index79829.565.01
Mexican Stock Exchange Mexican47975.054.47
Deutsche Boerse AG German Stoc10666.293.80
Russian Depositary Index USD1169.53.37
Russian Trading System Cash In993.813.37
Ibovespa Brasil Sao Paulo Stoc58994.173.35
FTSE 100 Index6895.372.76
S&P/TSX Composite Index14797.182.40
Korea Stock Exchange KOSPI Ind2054.071.90
S&P 500 Index2177.181.78
Warsaw Stock Exchange WIG Tota47967.781.70
MICEX Index2013.391.59
Dow Jones Industrial Average18392.461.48
Nikkei 22516754.021.42
Jakarta Stock Exchange Composi5373.2541.20
Hong Kong Hang Seng Index23723.60.79
Shanghai Stock Exchange Compos3033.8960.52
S&P BSE SENSEX Index28756.860.23
FTSE/JSE Africa All Share Inde51651.89-0.35
Karachi Stock Exchange KSE100 39984.75-1.29

Weekly Currency Performance
CurrencyLastWkChPct
USDPKR:CUR104.8150.23
USDCNY:CUR 6.66930.01
USDINR:CUR 66.63-0.38
USDLVL:CUR0.62667-0.45
USDEUR:CUR 0.8916-0.46
USDKZT:CUR337.7-0.48
USDAZN:CUR1.6414-0.52
USDCAD:CUR 1.3054-0.75
USDTRY:CUR2.947-0.92
USDJPY:CUR 100.93-1.14
USDBRL:CUR 3.2206-1.30
USDAUD:CUR 1.3086-1.38
USDKRW:CUR 1102.41-1.41
USDRUB:CUR 63.8501-1.48
USDNOK:CUR 8.1119-2.07
USDZAR:CUR 13.5464-4.05

Weekly Commodities Performance
namelastWeekCh
CL1:COM WTI CRUDE OIL (NYMEX)45.864.80
XAGGBP:CUR SILVER/BRITISH POUND SPOT15.234.10
SI1:COM SILVER (COMEX)19.923.97
XAGUSD:CUR SILVER SPOT19.823.77
LMAHDS03:COM 3MO ALUMINUM (LME)1633.003.65
LMZSDS03:COM 3MO ZINC (LME)2294.003.57
XAGINR:CUR SILVER/INDIAN RUPEE SPOT1321.503.46
XAGEUR:CUR SILVER/EURO SPOT17.683.39
JI1:COM SILVER (TOKYO)63.903.23
XPTUSD:CUR PLATINUM SPOT1058.202.89
QS1:COM GASOIL (NYMEX)426.252.77
XAGJPY:CUR SILVER/JAPANESE YEN SPOT2002.352.73
HG1:COM COPPER (COMEX)219.802.35
NG1:COM NATURAL GAS (NYMEX)3.002.04
LMSNDS03:COM 3MO TIN (LME)19485.002.02
XPDUSD:CUR PALLADIUM SPOT692.632.00
CO1:COM BRENT CRUDE (ICE)47.301.74
XAUGBP:CUR GOLD/BRITISH POUND SPOT1025.621.68
GC1:COM GOLD (COMEX)1339.101.54
CP1:COM CRUDE OIL (TOKYO)28870.001.51
HO1:COM HEATING OIL (NYMEX)144.621.48
XAUUSD:CUR GOLD SPOT1334.971.43
LMCADS03:COM 3MO COPPER (LME)4853.001.36
XAUINR:CUR GOLD/INDIAN RUPEE SPOT88974.441.08
XAUEUR:CUR GOLD/EURO SPOT1190.711.01
MO1:COM ECX EMISSIONS (ICE)4.370.46
JG1:COM GOLD (TOKYO)4313.000.44
XAUJPY:CUR GOLD/JAPANESE YEN SPOT134848.380.36
JX1:COM KEROSENE (TOKYO)39550.000.23
XB1:COM RBOB GASOLINE (NYMEX)138.07-5.79

Weekly Bond Rates Performance Change in btps
countryyieldWk1m1y
MEXICO 6.02%-1 +17 0
UNITED STATES » 1.62%-7 +8 -53
PORTUGAL 3.36%-7 +38 +79
SWITZERLAND -0.51%-7 +6 -40
GERMANY » -0.08%-8 +2 -68
CANADA 1.10%-9 +8 -39
FRANCE 0.21%-9 +9 -76
NETHERLANDS 0.02%-9 +1 -74
ITALY 1.21%-13 +10 -53
SPAIN 0.94%-13 +1 -102
UNITED KINGDOM » 0.72%-15 +18 -107
GREECE 8.25%-21 +34 +21
BRAZIL 11.86%-38 -8 -497

Weekly GEM Sov. Bond Rates Performance Change in btps
Data in this table is from last Thursday Fixed Income update
CountryAverage YieldYield Average change % pts
Mongolia8.480.72
Gabon8.310.71
Venezuela25.220.58
Zambia9.160.56
Iraq9.310.52
Ghana9.660.49
Angola9.770.44
Ecuador10.310.39
Argentina6.230.39
Azerbaijan5.070.38
Costa Rica6.070.37
El Salvador7.270.36
South Africa4.610.36
Colombia3.880.36
Sri Lanka5.700.36
Brazil4.830.35
Ukraine8.220.35
Mexico4.170.33
Dominican Republic5.260.33
Cote D'Ivoire (Ivory Coast)5.900.33
Kenya7.300.32
Peru3.550.31
Oman4.150.30
Panama3.060.30
Paraguay5.390.30
Chile2.990.30
Ethiopia7.110.29
Vietnam4.100.29
India3.380.26
Indonesia3.910.25
Kazakhstan4.540.25
Uruguay3.970.24
Jamaica5.860.23
Lebanon6.690.22
Turkey4.690.22
Romania3.160.21
Serbia3.480.21
Philippines2.670.20
Russian Federation4.000.19
Egypt5.930.17
Hungary3.220.17
Morocco3.270.17
Poland2.390.16
Tunisia6.040.12
China2.460.11
Lithuania2.010.11
Pakistan5.080.11
Croatia (Hrvatska)3.590.09
Slovak Republic1.750.08
Malaysia3.500.05
Trinidad and Tobago4.070.02
United States0.530.01

Chart: Dallas newspaper is very happy to flash oil price forecast above 100$/bbl but a roulette prediction doesn�t yield anything higher than 36.

Source: ML, DallasNews



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 Borsa Istanbul 100 Index +5.01%, Mexican Stock Exchange Mexican Bolsa IPC Index +4.47%, Deutsche Boerse AG German Stock Index DAX +3.80%, Russian Depositary Index USD +3.37%,

While worst since the start of the week among various stock markets was Karachi Stock Exchange KSE100 Index -1.29%, FTSE/JSE Africa All Share Index -0.35%, S&P BSE SENSEX Index 0.23%, Shanghai Stock Exchange Composite Index 0.52%,

Best week to date in FX space vs. greenback was USDPKR:CUR +0.23%, USDCNY:CUR +0.01%, USDINR:CUR -0.38%,

While worst week to date in FX space vs. greenback was USDZAR:CUR -4.05%, USDNOK:CUR -2.07%, USDRUB:CUR -1.48%,

Best among commodities versus last Friday close was CL1:COM WTI CRUDE OIL (NYMEX) +4.80%, XAGGBP:CUR SILVER/BRITISH POUND SPOT +4.10%, SI1:COM SILVER (COMEX) +3.97%,

While worst among commodities versus last Friday close was XB1:COM RBOB GASOLINE (NYMEX) -5.79%, JX1:COM KEROSENE (TOKYO) 0.23%, XAUJPY:CUR GOLD/JAPANESE YEN SPOT 0.36%,

News


India
  • FIFA President Infantino will discuss Indian Football roadmap with .../.../
  • Why Indian Prime Minister Narendra Modi Has a New Address/.../
  • Why India is not the new China/.../
  • India's investment cycle has no signs of recovery for another year/.../
  • In UP, number of public health centres has decreased despite .../.../
  • 'India's exports turning corner, pick up likely from Oct'/.../
  • India to merge rail and union budgets, ending colonial-era practice/.../
  • StanChart woes encapsulate India's debt problem/.../
    Canada
  • President of Native Women's Association of Canada stepping down/.../
  • Prime Minister of Canada welcomes progress on National Holocaust .../.../
  • OECD cuts Canada's economic growth forecast as global economy .../.../
  • Trudeau Says Chinese Didn't Raise Canada Investment Restrictions/.../
  • Why Canada's economy can't pick up speed/.../
  • Exploring Free Trade With China Encouraging Sign for Canadian .../.../
  • Budget watchdog: tax credit for PEI's bridge tolls would cost $2.5M/.../
  • Michelle Hauser: Canada's debt-induced anxiety/.../
    Turkey
  • US sent weapons to Kurdish fighters in Syria: Turkey President .../.../
  • Prime Minister: ISIS expelled from territory along Syria-Turkey border/.../
  • Turkey Central Bank Pessimistic on Growth Seen Cutting Further/.../
  • European development bank funds Turkey's investment in high-tech .../.../
  • 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/.../
  • Erdogan to Turkey's Central Bank: Nice Rate Cut, Do More Please/.../
    Brazil
  • Brazil's New President, Michel Temer, Defends Impeachment of .../.../
  • 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 .../.../
  • Steering committee meets to lead in comprehensive plan for City of .../.../
  • Brazil's exports of footwear components up 48%/.../
  • Brazil to use repatriation funds to avert spending freeze: source/.../
  • Tale of Eldorado does little to dampen Brazilian bond allure/.../
    Russia
  • Russian President Vladimir Putin Wins Reelection/.../
  • Inflation in Russia in 2016 to Stay Below Six Percent - Prime Minister .../.../
  • Russia's central bank criticizes the easy money policies of its peers/.../
  • Asian-Pacific Bank Expects Growth of China's Investment to Russia's .../.../
  • New market opens for Eastern Europeans in Austin/.../
  • Thugs and Kisses/.../
  • Russia's budget deficit narrows to 2.9pc of GDP in January-August/.../
  • Russia's bond comeback lands at regulators' door/.../
    China
  • China's president puts on imperial airs/.../
  • Chinese premier, Trudeau announce exploratory free-trade talks/.../
  • China Steadies Economy With Risk-Laden Tactics/.../
  • Chinas investment growth steady in August, industrial output and .../.../
  • China's economic fate rests on its housing market/.../
  • China exports fall 2.8% in August on year/.../
  • Defence Security: The Next Sunrise Industry?/.../
  • Brian Fallow: China's debt a recipe for risk/.../
    South Africa
  • South Africa's Top Gold Miner Says President Zuma Must Quit/.../
  • In sign of thaw, Israel's top diplomat meets S. African foreign minister/.../
  • South Africa: Investment in Health Workforce Will Drive Economic .../.../
  • South Africa: Investment in Health Workforce Will Drive Economic .../.../
  • #DataMustFall Highlights South Africa's Costly Wireless Broadband .../.../
  • South Africa: Moody's Underwhelmed By SA Growth Figures/.../
  • Special voluntary disclosure: More stick than carrot?/.../
  • Gordhan Arrest Reports Increase South Africa Downgrade Risk/.../
    Australia
  • Australia's attack on troops 'intentional'/.../
  • Effective border controls make Australia successful 'immigration .../.../
  • GDP: Happy 25th birthday to Australia's economic growth/.../
  • Early progress in Myer repair job but more to do/.../
  • Population Ponzi scheme/.../
  • China lifts 13-year ban on US beef/...//.../
  • How can Australian households get away with the biggest debts in .../.../
    Korea
  • Asia Pacific|South Korea's President Warns of More Provocations .../.../
  • Japanese Prime Minister Abe calls for resolute UN action against .../.../
  • Can Korea Save the Global Economy?/.../
  • North Korea Needs Foreign Investment, But Has Done Little to Attract It/.../
  • Giving Africa its due/.../
  • 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/.../

    Econ Events Today


    2016-09-23 Canada Retail Sales Ex Autos MoM
  • Market briefing: US markets ended in the green yesterday, buoyed ...


    2016-09-23 US Markit Manufacturing PMI Flash
  • PRECIOUS-Gold steady, set for biggest weekly gain in two months


    2016-09-23 US Fed Harker, Mester & Lockhart Speech
  • EUR/USD hovers below 1.12, eyes data and Fed speak


    2016-09-23 Japan Nikkei Manufacturing PMI Flash
  • Japan September flash manufacturing PMI shows expansion for first ...


    2016-09-23 Japan All Industry Activity Index MoM
  • Daily Report: Dollar Trying to Recover as FOMC Impact Fades


    2016-09-23 EU ECB Const?ncio Speech
  • China Markets Live - Shanghai and Shenzhen end lower after ...


    2016-09-23 EU Markit Composite PMI Flash
  • FTSE 100 drops below 6900 (again)


    2016-09-23 EU Markit Manufacturing PMI Flash
  • FTSE 100 drops below 6900 (again)


    2016-09-23 EU Markit Services PMI Flash
  • Eurozone Markit mftg PMI Sept flash 52.6 vs 51.5 exp


    2016-09-23 India Foreign Reserves
  • India's foreign exchange reserves up at $371 bn


    2016-09-23 Canada Core Inflation Rate YoY
  • Dollar still struggling to recover after Fed disappointment


    2016-09-23 Canada Inflation Rate YoY
  • Dollar still struggling to recover after Fed disappointment


    2016-09-23 Canada Inflation Rate MoM
  • Mid-Day Report: Dollar Broadly Lower ahead of FOMC, Yen ...


    2016-09-23 Canada Retail Sales MoM
  • Daily Report: Dollar Trying to Recover as FOMC Impact Fades


    2016-09-23 Canada Retail Sales YoY
  • Macro Events & News


    2016-09-23 China MNI Business Sentiment Indicator
  • MNI China Business Sentiment Indicator (September): 55.8 (prior 54.1)



    Econ Events Yesterday


    2016-09-22 Turkey TCMB Interest Rate Decision
  • Turkey cuts rates again despite ratings worries
  • Erdoganomics

    2016-09-22 Australia RBA Lowe Speaks before Parliament
  • New RBA chief Philip Lowe hits out at incentives culture at ...
  • DIARY-Top Economic Events to Oct. 4

    2016-09-22 US Chicago Fed National Activity Index
  • US economic activity slowed by factories, Chicago Fed index shows
  • August 2016 US Chicago Fed national activity index -0.55 vs 0.15 exp

    2016-09-22 US Continuing Jobless Claims
  • Initial Jobless Claims in U.S. Match Lowest Level Since April
  • US Jobless Claims Ticked Up Slightly

    2016-09-22 US Initial Jobless Claims
  • Initial Jobless Claims in U.S. Match Lowest Level Since April
  • US Weekly Jobless Claims

    2016-09-22 US House Price Index MoM
  • Mid-Day Report: Dollar Extends Post FOMC Selloff
  • Beaufort Securities Breakfast Alert:Kier Group, Ferrum Crescent ...

    2016-09-22 US Existing Home Sales
  • US existing home sales unexpectedly fall in August
  • U.S. existing homes sales continue to decline in August, likely to ...

    2016-09-22 US Existing Home Sales MoM
  • Macro Events & News
  • Beaufort Securities Breakfast Alert:Kier Group, Ferrum Crescent ...

    2016-09-22 US CB Leading Index MoM
  • EUR/USD: China And Brexit Pose Risks To Global Growth: ECB
  • Fed On Hold! Rate Hike By the End of 2016 is Still Likely

    2016-09-22 US EIA Natural Gas Stocks Change
  • Natural Gas Storage Days Of Supply: No Glut To Start Winter
  • Are Midcoast Energy Partners's Distributions Sustainable?

    2016-09-22 US Kansas Fed Manufacturing Activity
  • There's Reason to Be Skeptical of a December Rate Hike
  • US Home Sales Fall: US Dollar Continues to Plunge Versus the ...

    2016-09-22 US UN General Assembly
  • At UN, Obama Defends His Foreign Policy: 'We Have Been A Force ...
  • At UN, Cuba cites progress in US relations, but with embargo still in ...

    2016-09-22 Japan Foreign Bond Investment
  • Japan Foreign Bond Investment Rises in Week of August 19
  • Japan Foreign Stock and Bond Investment Decline in Latest Week ...

    2016-09-22 Japan Stock Investment by Foreigners
  • Foreign investors hold key to Japan rally
  • Kuroda Gets a 'Pass' From Japan Stock Investors as Topix Jumps

    2016-09-22 EU ECB Economic Bulletin
  • ECB Economic Bulletin Inspires Euro, US Dollar Weakened by FED ...
  • China and Brexit Pose the Biggest Risk to the Global Economy

    2016-09-22 EU ECB Draghi Speech
  • EUR/USD re-tests 1.1200 in early Europe, ECB Draghi eyed
  • ECB president Draghi blames overcapacity for squeezing bank ...

    2016-09-22 EU Consumer Confidence Flash
  • EconomyEU consumer confidence bounces back in Sept
  • Eurozone Consumer Confidence Improves In September

    2016-09-22 EU ECB Lautenschl?ger Speech
  • EZB-Direktorin Lautenschläger gegen weitere Zinssenkung
  • Reintegrating the banking sector into society: earning and re ...

    2016-09-22 EU ECB General Council Meeting
  • DIARY-Top Economic Events to Sept. 26
  • ECB Economic Bulletin Inspires Euro, US Dollar Weakened by FED ...

    2016-09-22 BRazil IPCA mid-month CPI YoY
  • Singapore MTI lowers 2016 GDP forecast on subdued global growth ...

    2016-09-22 BRazil IPCA mid-month CPI MoM


    2016-09-22 Turkey TCMB Overnight Lending Rate
  • Turkey cuts rates again despite ratings worries
  • Best Oil Price in 3 Weeks, Pound Sterling to Ruble Exchange Rate ...

    2016-09-22 South Africa Interest Rate Decision
  • WATCH: Interest rate remains unchanged
  • Reserve Bank expected to leave interest rates unchanged

    2016-09-22 South Africa Prime Overdraft Rate
  • ALERT: Pound Rand Exchange Rate in Freefall, GBP/ZAR Now ...
  • SA repo vs prime rate: 2005 - 2015

    2016-09-22 Turkey Construction Output YoY
  • MENA crude steel output rose by 7 pct in August 2016 YoY
  • US HRC Steel prices decrease steadily through August

    2016-09-22 Turkey Consumer Confidence
  • Turkeys consumer confidence eases marginally in September
  • Turkish consumer confidence eases to 74.3 points in Sept - stats office

    Results


    Our Recent Research Reports

  • 2016-09-22 ML Morning Meeting
  • 2016-09-22 ML Fund Atlas
  • 2016-09-21 ML Morning Meeting
  • 2016-09-21 ML Real Estate Weekly
  • 2016-09-20 ML Morning Meeting
  • 2016-09-19 ML Fixed Income Weekly
  • 2016-09-19 ML Commodities Weekly
  • 2016-09-19 ML Weekly (Free Access)

    Select Equity Data Snapshot

    Most Expensive Earnings

    valueStockOriginPE
    Ambuja Cements LtdACEM:INIndia48.9
    Yandex NVYNDX:USRussia48.2
    Hindustan Unilever LtdHUVR:INIndia47.6
    Amorepacific Corp090430:KSKorea47.4
    Crescent Point Energy CorpCPG:CNCanada47.2
    Tencent Holdings Ltd700:HKChina45.5
    Dabur India LtdDABUR:INIndia43.2
    Newcrest Mining LtdNCM:AUAustralia42.7
    AMOREPACIFIC Group002790:KSKorea42.6
    Restaurant Brands International IncQSR:CNCanada41.3
    Cochlear LtdCOH:AUAustralia41.2
    UltraTech Cement LtdUTCEM:INIndia40.4
    United Spirits LtdUNSP:INIndia40.4
    Pembina Pipeline CorpPPL:CNCanada40.2
    Jiangxi Copper Co Ltd358:HKChina39.9
    Sun Pharmaceutical Industries LtdSUNP:INIndia39.9
    Hypermarcas SAHYPE3:BZBrazil39.7
    Kotak Mahindra Bank LtdKMB:INIndia39.2
    NAVER Corp035420:KSKorea39.2
    LG Household & Health Care Ltd051900:KSKorea38.9

    Select FI Data Snapshot

    Top 30 GEM Corporate Eurobonds by Yield

    NameISINcountryMaturityCouponYTW
    ODEBRECHT DRILL VIII/IX RegSUSG67106AA51BrazilJun 30, 20216.3565.21
    PETROLEOS DE VENEZUELA SA RegSUSP7807HAK16VenezuelaNov 2, 20178.5055.56
    PETROLEOS DE VENEZUELA SA MTN RegSUSP7807HAP03VenezuelaNov 17, 20219.0032.56
    PETROLEOS DE VENEZUELA SA RegSUSP7807HAM71VenezuelaFeb 17, 202212.7530.36
    PETROLEOS DE VENEZUELA SA RegSUSP7807HAT25VenezuelaMay 16, 20246.0025.82
    SAMARCO MINERACAO SA RegSUSP84050AA46BrazilNov 1, 20224.1324.34
    PETROLEOS DE VENEZUELA SA RegSUSP7807HAR68VenezuelaNov 15, 20266.0021.95
    PETROLEOS DE VENEZUELA SA RegSUSP7807HAQ85VenezuelaMay 17, 20359.7521.26
    CSN RESOURCES SA RegSUSL21779AA88BrazilJul 21, 20206.5020.44
    PETROLEOS DE VENEZUELA SA RegSXS0294364954VenezuelaApr 12, 20275.3819.58
    PETROLEOS DE VENEZUELA SA RegSXS0294367205VenezuelaApr 12, 20375.5016.25
    DIGICEL GROUP LTD RegSUSG27631AD56JamaicaSep 30, 20208.2513.15
    KAZKOMMERTSBANK JSC RegSXS0867478124KazakhstanDec 21, 20225.5012.85
    PETROBRAS GLOBAL FINANCE BVUS71647NAN93BrazilJun 5, 21156.858.53
    VEDANTA RESOURCES PLC RegSUSG9328DAG54IndiaJun 7, 20218.258.41
    PETROBRAS GLOBAL FINANCE BVUS71647NAK54BrazilMar 17, 20447.258.32
    PETROBRAS GLOBAL FINANCE BVUS71645WAS08BrazilJan 27, 20416.758.29
    PETROBRAS GLOBAL FINANCE BVUS71645WAQ42BrazilJan 20, 20406.888.23
    PETROBRAS GLOBAL FINANCE BVUS71647NAA72BrazilMay 20, 20435.638.06
    PETROBRAS GLOBAL FINANCE BVUS71647NAQ25BrazilMay 23, 20268.757.69
    VALE OVERSEAS LIMITEDUS91911TAE38BrazilJan 17, 20348.257.67
    VALE OVERSEAS LIMITEDUS91911TAK97BrazilNov 10, 20396.887.62
    YPF SA RegSUSP989MJBE04ArgentinaJul 28, 20258.507.59
    VALE OVERSEAS LIMITEDUS91911TAH68BrazilNov 21, 20366.887.54
    YPF SA RegSUSP989MJAY76ArgentinaApr 4, 20248.757.50
    EVERGRANDE REAL ESTATE GROUP LTD RegSUSG3225AAD57ChinaOct 30, 20188.757.32
    VALE SAUS91912EAA38BrazilSep 11, 20425.637.16
    PETROBRAS GLOBAL FINANCE BVUS71647NAM11BrazilMar 17, 20246.257.12
    ECOPETROL SAUS279158AE95ColombiaSep 18, 20437.387.12
    JBS INVESTMENTS GMBH RegSUSA29866AB53BrazilApr 3, 20247.257.01