image

February 14, 2017

Best 15 Markets Yesterday

CountryChangePct
ISRAEL3.05
BAHRAIN2.13
EGYPT1.87
BANGLADESH1.81
TURKEY1.71
ESTONIA1.65
SRI LANKA1.58
SLOVENIA1.34
MOROCCO1.27
BRAZIL1.26
SAUDI ARABIA DOMESTIC1.24
AUSTRIA1.16
NORWAY1.01
CHINA1.00
SOUTH AFRICA1.00

Worst 15 Markets Yesterday

CountryChangePct
JAMAICA-4.35
UKRAINE-2.01
LITHUANIA-1.53
KUWAIT-1.37
NIGERIA-1.14
PERU-0.97
ARGENTINA-0.88
ROMANIA-0.80
BULGARIA-0.76
KAZAKHSTAN-0.57
COLOMBIA-0.50
KENYA-0.50
KOREA-0.19
OMAN-0.18
VIETNAM-0.17

Best 10 Markets YTD

CountryChangePct
KAZAKHSTAN29.05
ARGENTINA25.76
JAMAICA22.40
UKRAINE17.34
BRAZIL15.63
POLAND15.34
PERU11.93
BAHRAIN11.73
EGYPT11.35
CHINA10.48

Worst 10 Markets YTD

CountryChangePct
ZIMBABWE-9.79
KENYA-7.76
NIGERIA-7.73
GREECE-6.74
GHANA-3.85
OMAN-2.47
ITALY-2.37
LEBANON-1.57
SAUDI ARABIA DOMESTIC-1.34
FM AFRICA-1.27

Best 10 Markets Last 12 months

CountryChangePct
BRAZIL103.36
RUSSIA63.89
KAZAKHSTAN62.14
PERU56.18
UKRAINE53.82
ZIMBABWE45.23
PAKISTAN44.11
HUNGARY40.23
GREECE36.30
CANADA35.69

Worst 10 Markets Last 12 months

CountryChangePct
NIGERIA-33.14
GHANA-31.50
BOSNIA AND HERZEGOVINA-19.98
BOTSWANA-19.20
SLOVENIA-15.63
KENYA-12.01
ISRAEL-11.08
TUNISIA-10.07
TRINIDAD AND TOBAGO-7.50
LITHUANIA-6.49

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Mongolia8.280.34
Ecuador8.430.29
El Salvador9.330.27
Venezuela22.730.25
Ghana8.490.04
Sri Lanka6.020.03
United States0.780.00
Ukraine8.46-0.01
Slovak Republic2.64-0.01
Lithuania2.87-0.03
Romania3.99-0.04
Pakistan4.87-0.05
Russian Federation4.19-0.06
China3.05-0.07
Poland2.99-0.07
Kazakhstan4.62-0.07
Jamaica6.10-0.07
Azerbaijan5.17-0.07
Peru4.03-0.08
Paraguay5.93-0.08
Malaysia3.53-0.08
Vietnam4.64-0.09
Oman4.68-0.10
Trinidad and Tobago4.53-0.10
Kenya7.27-0.11
Hungary3.56-0.11
Costa Rica6.64-0.11
Morocco3.64-0.13
India4.01-0.13
Brazil5.04-0.13
Philippines3.24-0.15
Indonesia4.26-0.15
Mexico4.88-0.16
Croatia (Hrvatska)3.77-0.18
Chile3.16-0.18
Serbia3.93-0.18
Lebanon6.28-0.19
Tunisia6.46-0.19
Dominican Republic5.69-0.19
Panama3.46-0.20
Cote D'Ivoire (Ivory Coast)6.57-0.21
Iraq8.94-0.21
Uruguay4.44-0.21
Colombia3.97-0.21
South Africa4.71-0.21
Argentina6.46-0.22
Jordan6.21-0.23
Turkey5.39-0.34
Angola9.80-0.37
Gabon7.44-0.42
Egypt5.69-0.46
Ethiopia7.92-0.46
Zambia8.47-0.52

Chart: Best 20 Equity Markets YTD

nice to see China among them - which brings hope for overall support for GEMs

Source: ML

Download file in Power Point

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 ISRAEL +3.05%, BAHRAIN +2.13%, EGYPT +1.87%, BANGLADESH +1.81%, TURKEY +1.71%, ESTONIA +1.65%, SRI LANKA +1.58%, SLOVENIA +1.34%, MOROCCO +1.27%, BRAZIL +1.26%,

While worst since the start of the week among various stock markets were JAMAICA -4.35%, UKRAINE -2.01%, LITHUANIA -1.53%, KUWAIT -1.37%, NIGERIA -1.14%, PERU -0.97%, ARGENTINA -0.88%, ROMANIA -0.80%, BULGARIA -0.76%, KAZAKHSTAN -0.57%,

News

Best 10 Market Since the begining of the week


ISRAEL 3.05


  • Israel should annex West Bank & give Palestinians full citizenship ...
  • Israeli Prime Minister Benjamin Netanyahu's visit with Trump faces ...
  • IMF Report: Israel Enjoying Solid Economic Growth, Low ...
  • Economic Growth Council heads for Israel on investment mission
  • Growth rate steady as Israel's population reaches 8.58 million
  • Israel's Globalized Economy Sets New Records
  • Israel cabinet approves two-year draft budget aimed at boosting ...
  • Israel's debt-to-GDP ratio falls
    Econ events
    momenteventForecastConsensus
    2017-02-13Imports JAN$5200M
    2017-02-13Exports JAN$4800M
    2017-02-13Balance of Trade JAN$-400M
    2017-02-15Inflation Rate MoM JAN0.001
    2017-02-15Inflation Rate YoY JAN0.004
    2017-02-15Manufacturing PMI JAN58.7
    2017-02-16Money Supply M1 YoY JAN
    2017-02-16GDP Growth Annualized 1st Est Q40.039
    2017-02-16GDP Growth Rate QoQ 1st Est Q40.012

    BAHRAIN 2.13


  • King, Turkish president hold talks; agreements signed
  • Office of the First Deputy Prime Minister participates in National ...
  • Islamic Finance as a key pillar on economic growth
  • Bahrain Bourse, Tamkeen discuss developments of BIM
  • Iranian-Saudi tensions are played out in Bahrain
  • 'Indian merchandise exports to 6 Gulf countries down 18.7% in 2015 ...
  • Sewage tax plan to bridge Bahrain's budget deficit
  • Moody's cuts Saudi, Oman, Bahrain debt ratings

    EGYPT 1.87


  • Egypt's President Clashes With Islamic Powers Over Egypt's Divorce ...
  • Procedures package to expand social safety net: Prime Minister ...
  • Recent reform measures, declining growth in neighbouring markets ...
  • Economic reforms to give Egypt an investment lift - Daily News Egypt
  • Analysts: Population control will not solve Egypt's increasing poverty ...
  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egypt sees budget deficit of 5pct in Jul-Dec of 2016/17, targets 10pct ...
  • Foreign Purchases of Local Egypt Debt May Reach $11 Billion
    Econ events
    momenteventForecastConsensus
    2017-02-13Core Inflation Rate YoY JAN0.262
    2017-02-13Inflation Rate YoY JAN0.24
    2017-02-15Unemployment Rate Q40.127
    2017-02-16Overnight Lending Rate 0.1575
    2017-02-16Interest Rate Decision 0.1475

    BANGLADESH 1.81


  • President Mahmoud Abbas' visit to Bangladesh extremely important ...
  • Labour Friends of Bangladesh to meet the Prime Minister
  • Employment generation and sustained economic growth
  • Why we need it now
  • Sharif Eyes Pakistan 'Vote Bank' With Bid to Revive Farming
  • Garment exports to UK drop amid Brexit fears
  • 6% of budget deficit met in five months
  • WB offers low-cost funds

    TURKEY 1.71


  • Turkey: President Heads To Saudi Arabia As Part Of Gulf Tour
  • 'New day in Turkey-US ties,' Pence Tells Turkish Prime Minister
  • Turkey's economic growth to be below potential in 2016 and 2017 ...
  • Turkey aims to boost tourism revenues to $50B: Erdogan
  • Turkey's population reaches almost 80 million
  • World Bank cuts Turkey's growth forecast for 2016
  • Turkey's budget deficit for 2016 less than forecast
  • S and P cuts Turkey debt outlook to negative
    Econ events
    momenteventForecastConsensus
    2017-02-14Current Account DEC$ -3.8B$-4.63B
    2017-02-15Unemployment Rate NOV0.117

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Ford Otomotiv Sanayi ASTURKEYConsumer Discretionary2/13/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Turk Telekomunikasyon ASTURKEYTelecommunication Services2/14/2017

    ESTONIA 1.65


  • Ex-Estonian President Toomas Ilves Financed Posh Life on Country ...
  • European Union and US must maintain 'common understanding ...
  • Coface upgrades Estonia's country risk assessment, leaves ...
  • Nordic meat company to invest in Estonia
  • Nervous in Narva: a town caught between East and West
  • Estonia`s exports and imports increased in November
  • Estonia passes 2017 record level budget spending to bolster defense
  • Estonia reports smallest government debt in EU in Q3

    SRI LANKA 1.58


  • Sri Lankan president insists on retaining emergency powers
  • Deakin University honours Sri Lankan Prime Minister Ranil ...
  • Salient role of stock market in economic growth
  • EU - Sri Lanka investor dialogue to boost trade and investment from ...
  • Population increase poses serious economic and social challenges
  • Trade no longer providing momentum to GDP: Dr. Subir Gokarn
  • Sri Lanka budget 2017: tax and revenue proposals
  • India Tells Sri Lanka: You Can Take Your Port And Shove It

    SLOVENIA 1.34


  • Slovenian president's Austrian démarche
  • Poroshenko to meet Slovenian president, Moldovan prime minister
  • EU raises Slovenia's 2017 GDP growth fcast on private consumption ...
  • KBW lifts MGIC to Outperform, Delinquent Loan Inventory Drops 56 ...
  • Trump-themed treats attract attention from the couple's lawyers
  • Slovenia's exports up 4%, imports 3.3% in 2016
  • Slovenia adopts budget setting deficit at 1.6%/GDP in 2017, 0.7 ...
  • Moody's changes outlook on Slovenia's Baa3 rating to positive ...

    MOROCCO 1.27


  • Morocco offers The Gambia president 'golden retirement'
  • Russia's Prime Minister Dmitry Medvedev to Visit Morocco
  • Investment Incentives to Promote Economic Development in ...
  • Africa: Morocco Flexed Economic Muscles and Returned to the AU
  • Morocco's urban transformation: When Hurry met Salé
  • Morocco's Avocados Production Up by 35%
  • Morocco Election Result: PJD's return to power and PAM's gains ...
  • The World This Week: Army, America and Akhtar Confront Pakistan

    BRAZIL 1.26


  • Brazil's Two Largest Newspapers Forced by President and Judge to ...
  • Brazil's Temer denies shielding minister from corruption case
  • How Oil and Primary Exports Impact Brazil's Economic Fortunes
  • BRAZIL'S INVESTMENT IN FOREIGN TOURISM PAYS OFF IN THE ...
  • Half of Brazil's population lack full property rights, govt says
  • Macri,Temer look to improve trade in midst of 24-year low
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • As Brazil Debt Mounts, What's Next?
    Econ events
    momenteventForecastConsensus
    2017-02-14Retail Sales YoY DEC-0.025
    2017-02-14Retail Sales MoM DEC-0.015
    2017-02-16IBC-BR Economic Activity DEC0

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    BB Seguridade Participacoes SABRAZILFinancials2/13/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    BR Properties SABRAZILReal Estate2/14/2017
    Itausa - Investimentos Itau SABRAZILFinancials2/14/2017

    Worst 10 Market Since Begining of the Week


    JAMAICA -4.35


  • Jamaica Securities Dealers Association gets new president
  • Prime Minister Urges Jamaicans to Plan for Retirement
  • Tourism Pivotal to Economic Growth – Min. Bartlett
  • A Jamaica BPO Exec Sees Major Momentum Support by the ...
  • Light on violence | 'We pass on the gene to effect war'
  • Going for growth — the IMF's insidious agenda
  • Fitch: Jamaica Budget Shows Broad Fiscal Policy Continuity
  • Government Presents Budget of $710 Billion for 2017-18

    UKRAINE -2.01


  • Trump talks with Ukraine president about Russia border tension
  • Remarks by President Jean-Claude Juncker at the joint press point ...
  • Ukraine Requests WTO Dispute Panel Over Transit Row With ...
  • UKRAINE TO HAVE HUGE PARTICIPATION IN THE ANNUAL ...
  • China's internet users grew in 2016 by the size of Ukraine's ...
  • European Commission states about 5.2% growth in Ukraine's ...
  • USAID doubles budget of technical assistance for reforming ...
  • Russian Finance Ministry Hopes London Court Expedites Hearing ...

    LITHUANIA -1.53


  • Trump signals support for Ukraine in letter to Lithuanian president
  • TOURISM
  • Lithuania beats expectations for 2016 GDP growth thanks to fourth ...
  • Innovation fund to boost Baltic investment
  • Lithuania posts EU's largest decrease in population for 2015 - Eurostat
  • Bank of Lithuania cuts 2016 GDP growth forecast to 2.6%
  • A good time to feed the Baltic tiger
  • S&P Raises Lithuania's Debt Rating Two Notches on Euro

    KUWAIT -1.37


  • Beximco in milestone achievement with Kuwait exports
  • Iran president to visit Oman, Kuwait this week
  • Iran president to visit Oman, Kuwait this week
  • UAE economy on the up in 2017, but late payments still an issue
  • BRIEF-Daimler proposes Kuwait Investment Authority director to ...
  • Kuwait healthcare sector to grow 7.5% up to 2020
  • Beximco in milestone achievement with Kuwait exports
  • Oil revenue surge seen cutting Kuwait budget deficit
  • Kuwait requires secondary debt market-bank exec

    NIGERIA -1.14


  • Trump Speaks With Nigeria's President, Who Hasn't Been Seen in ...
  • Akure traditional Prime Minister, 2 others die in Abuja auto crash
  • We need credible budget to stimulate economic growth, says Saraki
  • Zenith Bank leads the way for Nigeria
  • Exploring Nigeria's population for national prosperity
  • Nigeria Exports Two Million Jobs To China With The Textile Industry ...
  • Nigeria: Budget Funding - Govt Set to Borrow Another N110 Billion ...
  • Nigeria's Economy In The Light Of DMO's Interventions
    Econ events
    momenteventForecastConsensus
    2017-02-15Inflation Rate YoY JAN0.18710.186
    2017-02-15Food Inflation YoY JAN0.1745

    PERU -0.97


  • Mobile Connections Continue to Rebound in Peru
  • Readout of the President's Call with President Pedro Pablo ...
  • Prime Minister: We need to clean Peru from corruption
  • UPDATE 1-Peru sees much weaker economic growth in 2017 on ...
  • Peru: Investment in infrastructure to amount US$6.553 billion thru ...
  • Mobile Connections Continue to Rebound in Peru
  • Peru's exports to the US increased 30% thanks to FTA
  • Mooers super expects drop in town taxes
  • Fraud Charges In Peru Surround Two Very Different Bond Ratings

    ARGENTINA -0.88


  • Readout of the Vice President's Call with President Mauricio Macri of ...
  • British Foreign Secretary to visit Argentina
  • Argentina's credit revival offers glimpse of economic stability
  • Argentina Investment Conference 2016
  • Smartphone Uptake Is on the Rise in Argentina
  • What to expect when the presidents of Brazil and Argentina meet
  • UPDATE 1-Argentina beats 2016 fiscal goal with deficit of 4.6 pct of ...
  • Argentina's debt bonanza buys time, raises risks
    Econ events
    momenteventForecastConsensus
    2017-02-13Leading Indicator MoM JAN-0.001
    2017-02-16Retail Sales YoY DEC0.15

    ROMANIA -0.80


  • Romania's parliament endorses president's anti-graft referendum
  • Romania Prime Minister: I may fire justice minister over graft decree
  • Isarescu: Romanian economic growth in 4-5 percent of GDP band ...
  • Romania Cabinet Won't Quit as Protests Ease After U-Turn
  • INS: Romania's population, negative natural growth rate of 9782 ...
  • Trade deficit grows to EUR 10 bln in Romania amid increasing ...
  • Romania's budget deficit for 2016, lower than expected
  • INTERVIEW-Romania plans eurobond issues worth 2.5-3 bln euros ...

    BULGARIA -0.76


  • Bulgarian President 'to Receive Friends of Israel Award'
  • Ognyan Gerdjikov, caretaker prime minister: Bulgaria should appoint ...
  • EC affirms Bulgaria 2017 GDP growth fcast at 2.9% - table
  • German-style 'grand' coalition looks unlikely in Bulgaria
  • Telenor Bulgaria's EBITDA edges up in 2016
  • Bulgaria's GDP to grow 2.8% in 2017 - Euler Hermes
  • Bulgaria ends 2016 with budget surplus of 1.6 pct/gdp
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    KAZAKHSTAN -0.57


  • Kazakhstan: President Unveils Plans to Relinquish Powers
  • Jailed Former Kazakh Prime Minister's Prison Term Shortened
  • 2017 Economic Growth in Kazakhstan Forecast at
  • Kazakhstan: Investment in agriculture increased by 50% in 2016
  • Central Asia's Population Growth
  • Zinc Production Reached 325500 Tonnes in 2016
  • Finance Ministry: Azerbaijani GDP to grow in 2017
  • Kazakhstan's Debt Focus Turns Domestic as Bond Buyback an Option

    Our Recent Research Reports

  • 2017-02-14 ML Weekly
  • 2017-02-13 ML Fixed Income Weekly
  • 2017-02-12 ML Fund Atlas Fund Flow and Top Fund Picks
  • 2017-02-11 ML Morning Meeting
  • 2017-02-10 ML Morning Meeting
  • 2017-02-09 ML Index Atlas Best and Worst Momentum Plays
  • 2017-02-09 ML Morning Meeting

    Recent Chart Art

    Best 20 Equity Markets YTD

    Download file in Power Point    		Key Performing Fund Ideas

    Download file in Power Point    		MidLincoln Rural Crafts Center

    Download file in Power Point
    When Was It Good To Buy RTS and Hold To Date?

    Download file in Power Point    		Best Topics YTD by Index Family Avg Return

    Download file in Power Point    		Emerging Market Fund Flow Turn Positive

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

    Download file in Power Point    		Combined Yield Curve By Country

    Download file in Power Point    		EV/EBITDA 2017E Distribution for Consumer Sectors

    Download file in Power Point