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February 8, 2017

Best 15 Market Yesterday

CountryChangePct
KAZAKHSTAN4.41
JAMAICA2.80
EGYPT2.41
JORDAN1.76
PERU1.74
TRINIDAD AND TOBAGO1.47
BOTSWANA0.95
ROMANIA0.90
SLOVENIA0.63
BOSNIA AND HERZEGOVINA0.61
PAKISTAN0.56
CROATIA0.48
NEW ZEALAND0.46
VIETNAM0.37
BULGARIA0.27

Worst 15 Market Yesterday

CountryChangePct
ISRAEL-1.96
IRELAND-1.79
MEXICO-1.73
TURKEY-1.20
MAURITIUS-1.10
NIGERIA-1.05
CHILE-0.96
NORWAY-0.95
FRANCE-0.93
KOREA-0.89
SPAIN-0.88
COLOMBIA-0.88
LITHUANIA-0.79
MOROCCO-0.74
POLAND-0.72

Best 10 Market Last 12 months

CountryChangePct
BRAZIL87.93
PERU66.40
KAZAKHSTAN61.96
RUSSIA56.59
UKRAINE55.05
ZIMBABWE49.55
PAKISTAN38.17
JAMAICA36.53
COLOMBIA33.84
HUNGARY31.56

Worst 10 Market Last 12 months

CountryChangePct
NIGERIA-30.56
GHANA-29.66
BOSNIA AND HERZEGOVINA-20.33
ISRAEL-20.03
BOTSWANA-19.80
SLOVENIA-15.43
TUNISIA-11.98
KENYA-11.29
TURKEY-8.83
TRINIDAD AND TOBAGO-8.72

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
El Salvador9.060.76
Mongolia7.940.59
Ethiopia8.380.28
Sri Lanka5.990.24
Morocco3.770.21
Philippines3.350.19
Ukraine8.470.16
Tunisia6.650.13
Romania4.030.10
Paraguay6.010.10
Vietnam4.730.09
Costa Rica6.750.08
Iraq9.150.07
India4.140.07
Indonesia4.420.06
Hungary3.680.05
Ghana8.450.05
Oman4.780.05
Peru4.110.05
Trinidad and Tobago4.630.05
Pakistan4.920.04
Kazakhstan4.690.04
Uruguay4.650.04
Serbia4.110.04
Lithuania2.900.02
Jordan6.440.02
Poland3.050.02
China3.120.00
Malaysia3.630.00
United States0.780.00
Colombia4.19-0.01
South Africa4.92-0.01
Slovak Republic2.65-0.01
Angola10.17-0.02
Panama3.66-0.02
Lebanon6.46-0.02
Croatia (Hrvatska)3.95-0.03
Kenya7.38-0.03
Argentina6.77-0.03
Gabon7.86-0.04
Egypt6.15-0.05
Azerbaijan5.24-0.05
Russian Federation4.25-0.06
Brazil5.17-0.08
Zambia8.99-0.10
Jamaica6.17-0.10
Chile3.34-0.11
Dominican Republic5.88-0.12
Turkey5.71-0.13
Mexico4.92-0.17
Cote D'Ivoire (Ivory Coast)6.78-0.17
Ecuador7.90-0.32
Venezuela22.48-0.65

Chart: Emerging Market Fund Flow Turn Positive

Source: ML

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Market Comment  Political & Economic News   Company Results and Dividends   Recent ML Reports  

Key Comment





Best since the start of the week among various stock markets were KAZAKHSTAN +7.37%, JAMAICA +5.51%, EGYPT +4.99%, UNITED ARAB EMIRATES +2.65%, ROMANIA +2.45%, JORDAN +2.15%, PERU +1.72%, ZIMBABWE +1.69%, TRINIDAD AND TOBAGO +1.25%, CHINA +1.22%,

While worst since the start of the week among various stock markets were NIGERIA -4.85%, ITALY -3.44%, GREECE -3.25%, IRELAND -2.75%, MEXICO -2.70%, SPAIN -2.51%, TURKEY -2.36%, FRANCE -2.36%, ISRAEL -2.03%, HUNGARY -1.96%,

News

Best 10 Market Since the begining of the week


KAZAKHSTAN 7.37


  • Indian Ambassador Praises Kazakh President's Modernisation Plans
  • Deputy Prime Minister of Kazakhstan appointed Ambassador to ...
  • National Economy Minister: Forecast for economic growth in ...
  • World Bank raises growth forecasts for Kazakhstan and Azerbaijan
  • Kazakh President Sets Goals Toward Third-Stage Modernisation
  • The future of Kazakh life insurance
  • TOP NEWS: Nostrum Oil Beats Guidance But Production, Revenue ...
  • Public debt to GDP ratio amounts to 26% over 2016 in Kazakhstan

    JAMAICA 5.51


  • JAMPRO Head says Jamaica is Ready for Health and Wellness ...
  • Prime Minister to Pay Close Attention to Merger
  • Take the Profit Out of Crime – Ambassador Clarke
  • Growth in CEOs confidence good for business in Jamaica
  • Jamaica aims to reduce food poverty by 2030
  • Rainforest adds new markets
  • Tax Relief Results in Greater Revenue Collection
  • Jamaica's debt stock increases, but authorities say it's temporary

    EGYPT 4.99


  • President Al-Sisi receives Egyptian football team upon its arrival ...
  • Procedures package to expand social safety net: Prime Minister ...
  • Weakened purchasing power decreased economic growth to 3.4 ...
  • Egypt's economy over 6 years - Daily News Egypt
  • Analysts: Population control will not solve Egypt's increasing poverty ...
  • Anticipated growth in Egyptian exports after pound's flotation - Daily ...
  • Obour Land for Food Industries announces 2017 budget, targeting ...
  • Egypt rides resurgent wave for emerging market borrowing
    momenteventForecastConsensus
    2017-02-09Core Inflation Rate YoY JAN0.262
    2017-02-09Inflation Rate YoY JAN0.24

    UNITED ARAB EMIRATES 2.65


  • United Arab Emirates' Officials Praise President Trump's Moratorium
  • UAE to Adopt System Seeking to Lure Top Foreign Talent
  • Dubai Expects Stronger Growth in 2017 as Economy Diversifies
  • Saudi, UAE most attractive for logistics investments
  • 'Why Africa's air transport growth is sluggish'
  • Air India Express adds more Sharjah routes
  • UAE's Flydubai budget carrier airline 2016 profit tumbles but ...
  • Abu Dhabi ratings affirmed At 'AA/A-1+'; outlook stable

    ROMANIA 2.45


  • Romania's president Iohannis petitions top court to strike down ...
  • Romania Prime Minister: I may fire justice minister over graft decree
  • Coface: Romania's economic growth to slow down to 3.6% this year
  • Romania Cabinet Won't Quit as Protests Ease After U-Turn
  • Losing Your Mind: Romania's Attempts To Counter The Brain Drain
  • Romania Tops EU Honey Market But It's A Bitter-Sweet Affair
  • Romania's 2017 budget draft too optimistic - president Iohannis
  • Romania's Finance Ministry launches government debt platform

    JORDAN 2.15


  • Readout of the President's Meeting with King Abdullah II of Jordan
  • Economic situation is not the worst in Jordan's history
  • Jordan's economic growth to steadily, slowly rise — WB
  • A growth agenda for China
  • 'Water scarcity, urban expansion among challenges to Kingdom's ...
  • Growth Against the Odds
  • UConn Expects Challenging Budget Season but Will Protect ...
  • Jordanians tighten belts as government increases taxes to combat ...

    PERU 1.72


  • Peru opens corruption probe into ex-President Toledo
  • Peru's ex-President Alejandro Toledo denies taking bribes
  • Peru sees much weaker economic growth in 2017 on graft scandal
  • Peru ETF Shines, Moody's Lowers GDP Outlook
  • Atradius reveals the worlds top emerging markets
  • Peru blueberries led agro-exports growth in 2016
  • WINNERS & LOSERS SUMMARY: Randgold Rises After Big ...
  • Fraud Charges In Peru Surround Two Very Different Bond Ratings

    ZIMBABWE 1.69


  • 'You can have your desk back, President Bannon': Alec Baldwin ...
  • Aussie coal row has lesson for Harare
  • Which country has achieved economic growth through micro-finance?
  • Exploration key to mining growth
  • Zim's peace, security under threat — Minister
  • Zim crying out for paradigm shift
  • Zimbabwe: Why Parliament Should Reject the 2017 Budget
  • The problem with Zimbabwe's plan to pay off its decades old debt to ...

    TRINIDAD AND TOBAGO 1.25


  • Trinidad and Tobago's President Gets Death Threat
  • Dr Al Kawari meets Trinidad and Tobago & Grenada prime ministers
  • Once a Caribbean Success Story, Trinidad and Tobago Faces an ...
  • NCBJ, RFHL post positive results
  • Once a Caribbean Success Story, Trinidad and Tobago Faces an ...
  • Intl trade pros to play key role in TT's export capacity
  • TDRI urges government to tackle graft
  • Credit rating agencies upgrade TCL

    CHINA 1.22


  • Donald Trump hasn't spoken with Chinese president Xi Jinping ...
  • Cambodian Prime Minister's Support for 'One China' Does Not Flag
  • China's Economic Growth: Why China Needs Major Reforms ...
  • Chinese companies park record $110bn in wealth products
  • China's population to touch 1.42 billion by 2020
  • China exports slump more than expected in December, imports ...
  • Trump's pledge triggers debate in China over corporate tax
  • China's Debt-Trap Diplomacy
    momenteventForecastConsensus
    2017-02-07Imports YoY JAN0.021
    2017-02-07Exports YoY JAN0.0139
    2017-02-07Balance of Trade JAN$3.9B$4.29B
    2017-02-07Foreign Exchange Reserves JAN$3002B$3000B
    2017-02-08Wholesale Prices YoY JAN0.0238
    2017-02-08Inflation Rate MoM JAN0.001
    2017-02-08Inflation Rate YoY JAN0.020.0207
    2017-02-09Vehicle Sales YoY JAN
    2017-02-10Imports YoY JAN0.096
    2017-02-10Exports YoY JAN0.03
    2017-02-10Balance of Trade JAN$46B$48.85B

    Worst 10 Market Since Begining of the Week


    NIGERIA -4.85


  • Nigeria President Muhammadu Buhari prolongs sick leave ...
  • UK Prime Minister May condemns Trump's bans
  • 18 ways Nigerian govt plans to improve economic growth
  • Ugwuanyi, Obiano, others harp on investment for economic growth
  • Nigeria's demographic challenge in focus
  • Nigerian govt identifies 59 ways to achieve economic recovery, growth
  • Nigeria's excess crude revenue up $38 million amid rising global ...
  • Growth, debt and Trump as issues for Nigeria, others in 2017
    momenteventForecastConsensus
    2017-02-10Inflation Rate YoY JAN0.1871
    2017-02-10Food Inflation YoY JAN0.1745

    ITALY -3.44


  • Readout of the President's Call with Prime Minister Paolo Gentiloni ...
  • Readout of the President's Call with Prime Minister Paolo Gentiloni ...
  • A Keynesian Proposal For Restoring Italian Economic Growth
  • Italy to offer Residency by investment
  • Top of the world: Britain to outpace G7 for 'next three decades'
  • Milan's Exports See More Growth With Fashion Playing A Major Role
  • Italy pledges measures to meet EU's budget concerns
  • DBRS cuts Italy's credit rating, posing problems for its banks
    momenteventForecastConsensus
    2017-02-1012-Month BOT Auction
    2017-02-10Industrial Production MoM DEC0.0020.001
    2017-02-10Industrial Production YoY DEC0.0290.033

    GREECE -3.25


  • Greek debt crisis: an existentialist drama with no good end in sight
  • Greek Prime Minister: 'There are no gray zones in the Aegean'
  • German government says it's united on need to stabilize Greek ...
  • This could be Greece's last chance to save itself
  • Greece hopes migrant burden will turn into boon
  • The Continued Downfall of Greece
  • Greek Dec Budget Revenue EUR6.03 Billion; Above Target by ...
  • Greece's debt crisis is flaring up again, in case the world didn't have ...
    momenteventForecastConsensus
    2017-02-07Balance of Trade DECˆ-1.4B
    2017-02-0813-Week Bill Auction
    2017-02-09Unemployment Rate NOV0.229
    2017-02-09Industrial Production YoY DEC0.011

    IRELAND -2.75


  • Irish government splits over issuing President Trump invite to Ireland
  • Taoiseach Jack Lynch confronted Prime Minister on torture claims in ...
  • Ireland to phase in new way of measuring economic growth
  • Multiple growth drivers boost Ireland's Funds Industry
  • Ireland's population to grow to pre-famine levels in next 20 years
  • Slower Irish export growth in 2016
  • Increase in tax revenues helped reduce Irish budget deficit in 2016
  • Many legitimate RHI users crippled with debt: claim
    momenteventForecastConsensus
    2017-02-10Residential Property Prices MoM DEC0.005
    2017-02-10Residential Property Prices YoY DEC0.081

    MEXICO -2.70


  • Trump: Mexican president 'very willing' to accept US troops in drug ...
  • Mexico Is Pissed That Israel's Prime Minister Tweeted Support For ...
  • Mexico's economic growth slows in fourth-quarter as service sector ...
  • It's time Canada stands with Mexico: Olive
  • Exodus: NM's population stagnant as people leave in ...
  • Mexico, NAFTA, Natural Gas, Renewables, And Oil
  • Can Trump Make Mexico Pay For The Wall? Not The Ways That He ...
  • NAFTA's Complicated Legacy
    momenteventForecastConsensus
    2017-02-07Auto Production YoY JAN
    2017-02-07Auto Exports YoY JAN
    2017-02-09Interest Rate Decision 0.06250.0625
    2017-02-09Inflation Rate MoM JAN0.0090.0167
    2017-02-09Inflation Rate YoY JAN0.0410.0469
    2017-02-09Core Inflation Rate MoM JAN0.0045
    2017-02-10Industrial Production MoM DEC-0.002-0.004
    2017-02-10Industrial Production YoY DEC0.011

    SPAIN -2.51


  • Trump's wall: Spain shows why US president is heading for trouble
  • 'Conservative' Spanish Prime Minister Attacks Trump: 'I Don't Believe ...
  • Spanish economy shows strong 2016 growth
  • France and Spain boost eurozone growth to 0.5%
  • Spanish Supermarkets 2016: Mercadona dominates, Lidl gains
  • Algeria Looks To Build On Spanish Exports For 2017 Gas Expansion
  • Spanish Soccer Catches Up With Germany's Bundesliga in Revenue
  • BOE seen holding steady amid Brexit uncertainties
    momenteventForecastConsensus
    2017-02-08Industrial Production YoY DEC0.0280.029

    TURKEY -2.36


  • American Pastor Andrew Brunson has been held captive in Turkey ...
  • Prime Minister gets flak after signing £100m warplane deal with ...
  • ECONOMY
  • Turkey Plans Massive Transfer of Assets to State Wealth Fund
  • Turkey's population reaches almost 80 million
  • Growth in Turkey to Recover in 2017 Thanks to Improving Exports
  • Turkey's budget deficit for 2016 less than forecast
  • Turkey: After Debt Downgrade, Stocks Rally
    momenteventForecastConsensus
    2017-02-07Treasury Cash Balance JAN
    2017-02-08Retail Sales YoY DEC-0.004
    2017-02-08Retail Sales MoM DEC0.005
    2017-02-08Industrial Production YoY DEC0.03

    FRANCE -2.36


  • France election: Far-right's Le Pen rails against globalisation
  • French PM says terms of any Brexit deal inferior to full EU membership
  • The US lags far behind its peers on “inclusive” economic growth
  • France: 2016 Ends With Strong Growth
  • The US lags far behind its peers on “inclusive” economic growth
  • The Forex Week Ahead
  • French markets regulator calls for bigger budget
  • This Is Marine Le Pen's Plan to Break Up the Euro
    momenteventForecastConsensus
    2017-02-07Budget Balance DECˆ -79.7B
    2017-02-07Current Account DECˆ -1.8Bˆ-1.4B
    2017-02-07Balance of Trade DECˆ-3.7Bˆ-4.2B
    2017-02-10Non Farm Payrolls QoQ Prel Q40.0030.003
    2017-02-10Industrial Production MoM DEC-0.006-0.007

    ISRAEL -2.03


  • Israel president 'sorry for hurt' to Mexico over Netanyahu's border ...
  • Theresa May urged by Israeli Prime Minister Benjamin Netanyahu to ...
  • Economic Growth Council heads for Israel on investment mission
  • Economic Growth Council heads for Israel on investment mission
  • Amona Shall Rise Again
  • Israel's Globalized Economy Sets New Records
  • Budget deficit down to 2.15% in 2016
  • The Case for Reparations
    momenteventForecastConsensus
    2017-02-07Foreign Exchange Reserves JAN$ 98.8B
    2017-02-08Tourist Arrivals YoY JAN
    2017-02-08Business Confidence JAN17.6
    2017-02-09Budget Balance JANILS 3.2B
    2017-02-10Money Supply M1 YoY JAN
    2017-02-11Consumer Confidence JAN-12.79

    HUNGARY -1.96


  • Jobbik Insists President Of Hungary Should Be Elected Directly By ...
  • Hungary's Orban and ally Putin cement closer ties
  • Hungary's economic growth to recover in 2017 after likely slowdown ...
  • Hungarian commercial real estate market grows 107% in 2016
  • Hungary and the Crisis of Europe
  • Stats Office: Hungary's Foreign Trade Volume Broke Records Last ...
  • Olympic doubts set to boost Hungary's opposition
  • ÁKK sells more bonds than planned at auction, yields jump

    Results and Dividends

    Companies Reported Yesterday Include:

    CompanyCountrySectorReported
    NCSoft CorpSOUTH KOREAInformation Technology2/7/2017
    Nan Ya Plastics CorpTAIWANMaterials2/7/2017
    Formosa Chemicals & Fibre CorpTAIWANMaterials2/7/2017
    Novatek Microelectronics CorpTAIWANInformation Technology2/7/2017
    JX Holdings IncJAPANEnergy2/7/2017
    Formosa Petrochemical CorpTAIWANEnergy2/7/2017
    Yokogawa Electric CorpJAPANInformation Technology2/7/2017
    Sumitomo CorpJAPANIndustrials2/7/2017
    Nagoya Railroad Co LtdJAPANIndustrials2/7/2017
    Archer-Daniels-Midland CoUNITED STATESConsumer Staples2/7/2017
    AGCO CorpUNITED STATESIndustrials2/7/2017
    Assurant IncUNITED STATESFinancials2/7/2017
    Akamai Technologies IncUNITED STATESInformation Technology2/7/2017
    AMETEK IncUNITED STATESIndustrials2/7/2017
    Arcelik ASTURKEYConsumer Discretionary2/7/2017
    Arrow Electronics IncUNITED STATESInformation Technology2/7/2017
    BNP Paribas SAFRANCEFinancials2/7/2017
    BP PLCBRITAINEnergy2/7/2017
    Cardinal Health IncUNITED STATESHealth Care2/7/2017
    Church & Dwight Co IncUNITED STATESConsumer Staples2/7/2017
    Vinci SAFRANCEIndustrials2/7/2017
    Walt Disney Co/TheUNITED STATESConsumer Discretionary2/7/2017
    Emerson Electric CoUNITED STATESIndustrials2/7/2017
    Fidelity National Information Services IncUNITED STATESInformation Technology2/7/2017
    Twenty-First Century Fox IncUNITED STATESConsumer Discretionary2/7/2017
    Twenty-First Century Fox IncUNITED STATESConsumer Discretionary2/7/2017
    GEA Group AGGERMANYIndustrials2/7/2017
    General Motors CoUNITED STATESConsumer Discretionary2/7/2017
    Intercontinental Exchange IncUNITED STATESFinancials2/7/2017
    Itau Unibanco Holding SABRAZILFinancials2/7/2017
    Liberty Property TrustUNITED STATESReal Estate2/7/2017
    Microchip Technology IncUNITED STATESInformation Technology2/7/2017
    S&P Global IncUNITED STATESFinancials2/7/2017
    Mosaic Co/TheUNITED STATESMaterials2/7/2017
    National Oilwell Varco IncUNITED STATESEnergy2/7/2017
    Omnicom Group IncUNITED STATESConsumer Discretionary2/7/2017
    Pioneer Natural Resources CoUNITED STATESEnergy2/7/2017
    Statoil ASANORWAYEnergy2/7/2017
    TransDigm Group IncUNITED STATESIndustrials2/7/2017
    Vulcan Materials CoUNITED STATESMaterials2/7/2017

    Companies that will report Today:

    CompanyCountrySectorReported
    Mirae Asset Daewoo Co LtdSOUTH KOREAFinancials2/3/2017
    SK Telecom Co LtdSOUTH KOREATelecommunication Services2/3/2017
    KT CorpSOUTH KOREATelecommunication Services2/3/2017
    SK Holdings Co LtdSOUTH KOREAIndustrials2/3/2017
    GS Holdings CorpSOUTH KOREAEnergy2/3/2017
    SK Innovation Co LtdSOUTH KOREAEnergy2/3/2017
    BNK Financial Group IncSOUTH KOREAFinancials2/3/2017
    China Life Insurance Co Ltd/TaiwanTAIWANFinancials2/3/2017
    Unimicron Technology CorpTAIWANInformation Technology2/3/2017
    Yahoo Japan CorpJAPANInformation Technology2/3/2017
    Hitachi LtdJAPANInformation Technology2/3/2017
    Honda Motor Co LtdJAPANConsumer Discretionary2/3/2017
    ITOCHU CorpJAPANIndustrials2/3/2017
    Mitsubishi UFJ Financial Group IncJAPANFinancials2/3/2017
    Seven Bank LtdJAPANFinancials2/3/2017
    Mitsubishi UFJ Lease & Finance Co LtdJAPANFinancials2/3/2017
    Yamada Denki Co LtdJAPANConsumer Discretionary2/3/2017
    ACC LtdINDIAMaterials2/3/2017
    Advanced Info Service PCLTHAILANDTelecommunication Services2/3/2017
    Amazon.com IncUNITED STATESConsumer Discretionary2/3/2017
    Bank Rakyat Indonesia Persero Tbk PTINDONESIAFinancials2/3/2017
    Byblos Bank SALLEBANONFinancials2/3/2017
    Cemex Latam Holdings SASPAINMaterials2/3/2017
    Clorox Co/TheUNITED STATESConsumer Staples2/3/2017
    Chipotle Mexican Grill IncUNITED STATESConsumer Discretionary2/3/2017
    Computer Sciences CorpUNITED STATESInformation Technology2/3/2017
    Hershey Co/TheUNITED STATESConsumer Staples2/3/2017
    Intesa Sanpaolo SpAITALYFinancials2/3/2017
    Intesa Sanpaolo SpAITALYFinancials2/3/2017
    James Hardie Industries PLCIRELANDMaterials2/3/2017
    Kimco Realty CorpUNITED STATESReal Estate2/3/2017
    Maxis BhdMALAYSIATelecommunication Services2/3/2017
    MEG Energy CorpCANADAEnergy2/3/2017
    Metso OYJFINLANDIndustrials2/3/2017
    MISC BhdMALAYSIAIndustrials2/3/2017
    Open Text CorpCANADAInformation Technology2/3/2017
    Public Bank BhdMALAYSIAFinancials2/3/2017
    Banco Popular Espanol SASPAINFinancials2/3/2017
    Phillips 66UNITED STATESEnergy2/3/2017
    Rosneft PJSCRUSSIAEnergy2/3/2017
    Rosneft PJSCRUSSIAEnergy2/3/2017
    Skanska ABSWEDENIndustrials2/3/2017
    Stora Enso OYJFINLANDMaterials2/3/2017
    Tata Steel LtdINDIAMaterials2/3/2017
    Tata Steel LtdINDIAMaterials2/3/2017
    Visa IncUNITED STATESInformation Technology2/3/2017
    Weyerhaeuser CoUNITED STATESReal Estate2/3/2017

    Ex Div Stocks yesterday:

    CompanyCountrySectorReported
    CONSOL Energy IncUNITED STATESEnergy2/7/2017

    Ex Div Stocks Today:


    Our Recent Research Reports

  • 2017-02-07 ML Morning Meeting
  • 2017-02-06 ML Fund Atlas Weekly Fund Flows

    Recent Chart Art

    Emerging Market Fund Flow Turn Positive

    Download file in Power Point
    2 yr Return of Key Quant Funds

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    Combined Yield Curve By Country

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    EV/EBITDA 2017E Distribution for Consumer Sectors

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    2017 Capex Growth Rates – Distribution for Energy Sector

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    Some of the larger GEM Funds - a lot smaller these days vs. 2007 peaks

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    Results of some of the larger quant or quasi quant funds

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    Quant Fund Results (from Tom Rosen)

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    Assets of Quant Funds by Objective

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