image

February 22, 2017

Best 15 Markets Yesterday

CountryChangePct
BOSNIA AND HERZEGOVINA2.28
POLAND2.15
PERU2.04
LEBANON2.03
EGYPT1.98
ISRAEL1.55
ARGENTINA1.35
RUSSIA1.25
ROMANIA1.22
GREECE1.22
IRELAND1.10
KOREA1.02
VIETNAM1.01
MEXICO0.90
NORWAY0.81

Worst 15 Markets Yesterday

CountryChangePct
ESTONIA-1.90
LITHUANIA-1.12
COLOMBIA-1.02
PORTUGAL-1.01
SERBIA-0.92
THAILAND-0.90
SLOVENIA-0.89
CZECH REPUBLIC-0.88
SOUTH AFRICA-0.85
JORDAN-0.79
SRI LANKA-0.72
BAHRAIN-0.72
BOTSWANA-0.70
MOROCCO-0.56
TUNISIA-0.52

Best 10 Markets YTD

CountryChangePct
ARGENTINA27.35
KAZAKHSTAN27.01
UKRAINE20.00
BRAZIL19.51
JAMAICA19.39
POLAND18.69
EGYPT18.53
BAHRAIN12.59
BOSNIA AND HERZEGOVINA11.75
CHINA11.63

Worst 10 Markets YTD

CountryChangePct
ZIMBABWE-9.86
KENYA-9.44
NIGERIA-8.19
GHANA-6.45
GREECE-3.42
ITALY-3.30
FM AFRICA-2.23
FM AFRICA-2.23
OMAN-2.09
SRI LANKA-2.05

Best 10 Markets Last 12 months

CountryChangePct
BRAZIL106.29
PERU59.08
RUSSIA55.02
UKRAINE47.00
ZIMBABWE46.14
KAZAKHSTAN45.87
PAKISTAN44.68
HUNGARY42.54
GREECE33.92
CANADA31.36

Worst 10 Markets Last 12 months

CountryChangePct
GHANA-34.15
NIGERIA-33.69
SLOVENIA-17.17
BOTSWANA-16.85
BOSNIA AND HERZEGOVINA-14.83
KENYA-13.89
ISRAEL-12.31
TUNISIA-10.61
FM AFRICA-7.83
FM AFRICA-7.83

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Venezuela23.060.32
Ghana8.740.25
Tunisia6.710.25
Argentina6.660.20
Cote D'Ivoire (Ivory Coast)6.760.19
Uruguay4.560.12
Croatia (Hrvatska)3.890.12
Jordan6.280.07
Colombia4.040.07
Panama3.530.07
Serbia3.970.05
Zambia8.520.05
Peru4.070.04
Mexico4.910.03
Dominican Republic5.720.03
Philippines3.260.02
Slovak Republic2.660.02
Hungary3.580.02
Egypt6.460.00
Poland2.990.00
United States0.780.00
Lithuania2.860.00
Lebanon6.26-0.01
China3.02-0.03
Paraguay5.90-0.03
Jamaica6.06-0.03
Trinidad and Tobago4.50-0.03
Kazakhstan4.59-0.03
Morocco3.60-0.04
Turkey5.33-0.06
Kenya7.21-0.06
India3.95-0.06
Brazil4.98-0.06
Indonesia4.19-0.07
Pakistan4.79-0.07
Romania3.91-0.08
Chile3.08-0.08
Oman4.58-0.10
Vietnam4.54-0.10
Gabon7.34-0.10
Malaysia3.42-0.11
Azerbaijan5.06-0.11
Russian Federation4.07-0.11
South Africa4.58-0.13
Costa Rica6.46-0.17
Ecuador8.23-0.20
Ukraine8.24-0.22
Sri Lanka5.77-0.24
Angola9.52-0.28
Ethiopia7.59-0.33
Iraq8.51-0.43
El Salvador8.77-0.56
Mongolia7.64-0.64

Chart: Total Capex By Sector 2017 Forecast (USDbn)

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 POLAND +2.76%, GREECE +2.69%, ROMANIA +2.47%, BOSNIA AND HERZEGOVINA +2.47%, LEBANON +2.33%, BULGARIA +2.29%, PERU +2.04%, BRAZIL +1.84%, UKRAINE +1.80%, NORWAY +1.39%,

While worst since the start of the week among various stock markets were ESTONIA -2.34%, ZIMBABWE -2.07%, KUWAIT -2.00%, LITHUANIA -1.78%, SRI LANKA -1.70%, SLOVENIA -1.26%, NETHERLANDS -1.17%, KAZAKHSTAN -1.11%, UNITED ARAB EMIRATES -1.09%, SAUDI ARABIA DOMESTIC -0.95%,

News

Best 10 Market Since the begining of the week


POLAND 2.76


  • Polish President congratulates German President-elect
  • Poland's prime minister is staying in hospital for several days after ...
  • Poland may be fastest-growing large economy in EU by 2050: report
  • Positive 2017 outlook for CEE Real Estate Markets but yield levels to ...
  • Poland: A Land Without Strangers
  • Polish 2015 GDP overestimated due to tax scams - finance minister
  • Poland - Factors to Watch Jan 25
  • beyondbrics
    Econ events
    momenteventForecastConsensus
    2017-02-23Unemployment Rate JAN0.0870.087

    GREECE 2.69


  • Greek exports suffer decline in 2016
  • President Will Not Allow Anyone to Question Sincere Intentions of ...
  • Greece will not accept 'illogical' demands in bailout review
  • EC: Greek economy posts growth in 2016, exceeds surplus target in ...
  • Dealmaker Staveley eyes $2 billion opportunities in Greek bank loans
  • Academic Research on Modern Greece's Population Growth
  • Greek exports suffer decline in 2016
  • Greek Dec Budget Revenue EUR6.03 Billion; Above Target by ...
  • Greece's debt costs rise sharply as worries grow over IMF role
    Econ events
    momenteventForecastConsensus
    2017-02-24PPI YoY JAN0.055

    ROMANIA 2.47


  • 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 ...

    BOSNIA AND HERZEGOVINA 2.47


  • Federica Mogherini met with the Foreign Minister of Bosnia and ...
  • Speaker of Parliament Petrov Visits Bosnia and Herzegovina
  • Talks of Bosnia and Herzegovina breakup exaggerated - Russian ...
  • Sarajevo Rises in Popularity with Middle East Property Buyers
  • YUGOSLAVIA 25 YEARS ON: Population displacement is now set in ...

    LEBANON 2.33


  • Lebanese president in Egypt, day after defending Hezbollah
  • Lebanese Prime Minister Hariri congratulates new US National ...
  • Economic growth may jump to 2.5 pct in 2017: survey
  • Foreign investors scout for Lebanon investment opportunities
  • Al-Sisi expresses Egypt's full readiness to support Lebanese army ...
  • Lebanon: Capital inflows expected to rise by 20 percent in 2017
  • Lebanon budget deficit rises to 27 pct of spending
  • Lebanon: IMF Executive Board Concludes Article IV Consultation
    Companies that will report Today:
    CompanyCountrySectorReported
    Bank Audi SALLEBANONFinancials2/22/2017

    BULGARIA 2.29


  • 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

    PERU 2.04


  • 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

    BRAZIL 1.84


  • 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
    2017-02-22Interest Rate Decision 0.12250.1225
    2017-02-22IPCA mid-month CPI YoY FEB0.0510.0499
    2017-02-22IPCA mid-month CPI MoM FEB0.0020.0051
    2017-02-23Bank Lending MoM JAN-0.003
    2017-02-23Federal Tax Revenues JANBRL 123.7B
    2017-02-24Net Payrolls JAN-98.5K
    2017-02-24Nominal Budget Balance JANBRL -37.7BBRL-13.2B
    2017-02-24Unemployment Rate JAN0.1210.124

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Odontoprev SABRAZILHealth Care2/21/2017
    Sul America SABRAZILFinancials2/21/2017
    Telefonica Brasil SABRAZILTelecommunication Services2/21/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    EcoRodovias Infraestrutura e Logistica SABRAZILIndustrials2/22/2017
    EDP - Energias do Brasil SABRAZILUtilities2/22/2017
    Gerdau SABRAZILMaterials2/22/2017
    Metalurgica Gerdau SABRAZILMaterials2/22/2017
    Natura Cosmeticos SABRAZILConsumer Staples2/22/2017
    TOTVS SABRAZILInformation Technology2/22/2017
    Ultrapar Participacoes SABRAZILEnergy2/22/2017
    WEG SABRAZILIndustrials2/22/2017

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    Itausa - Investimentos Itau SABRAZILFinancials2/22/2017

    UKRAINE 1.80


  • 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 ...

    NORWAY 1.39


  • Alaska commercial halibut fishermen get big boost in catch limit
  • Former Norwegian prime minister detained at Dulles Airport for an ...
  • Former Prime Minister of Norway Held Back At US Airport
  • Norwegian mainland economic growth seems to have rebounded in ...
  • Crude Collapse Forces Cuts in Norway Investment Forecasts
  • Migrants to Put Norwegian Welfare Under Stress, Outnumber ...
  • Alaska commercial halibut fishermen get big boost in catch limit
  • Norway to Start Withdrawals From Oil Fund to Plug Deficits
  • 'New fund' targets Norway vessel assets
    Econ events
    momenteventForecastConsensus
    2017-02-22Unemployment Rate DEC0.0480.047

    Worst 10 Market Since Begining of the Week


    ESTONIA -2.34


  • 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

    ZIMBABWE -2.07


  • $2.5 million set for Zimbabwe President Robert Mugabe's 93rd ...
  • Aussie coal row has lesson for Harare
  • RBZ projects 1,7pc economic growth rebound
  • Businesses cry foul over 'bad' laws
  • Pressure group to engage political parties on biometric voting system
  • Industry players urged to tap into rich DRC
  • Zimbabwe budget can surpass $10 billion
  • Final demand: Zimbabwe's debt defaulters

    KUWAIT -2.00


  • 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

    LITHUANIA -1.78


  • 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

    SRI LANKA -1.70


  • 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 -1.26


  • 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 ...

    NETHERLANDS -1.17


  • FROM MAGAZINE: Flower Logistics: Cool, Competitive, Collaborative
  • All the Countries Trolling President Trump's 'America First' With Viral ...
  • The Netherlands' populist moment?
  • Dutch central bank sees economic growth hitting 2.3%
  • A shot of Dutch courage: How the Netherlands' startup scene turned ...
  • The Netherlands population hits 17.1 million in 2017
  • FROM MAGAZINE: Flower Logistics: Cool, Competitive, Collaborative
  • The Netherlands - Budget 2017
  • Stodgy Netherlands is nation that'll blow up euro
    Companies that will report Today:
    CompanyCountrySectorReported
    Wolters Kluwer NVNETHERLANDSIndustrials2/22/2017

    KAZAKHSTAN -1.11


  • 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

    UNITED ARAB EMIRATES -1.09


  • United Arab Emirates' Officials Praise President Trump's Moratorium
  • World Government Summit 2017 kicks off in Dubai
  • Governments should use diversity as pillar of economic growth ...
  • Bonds Buy Time for Arab Oil States in for $900 Billion Shortfall
  • Australians go to bed the earliest
  • Air India Express adds more Sharjah routes
  • UAE cabinet approves slightly smaller federal budget for 2016
  • UAE Bonds Pulling Away as Cash Reserves Beat OPEC Woes

    SAUDI ARABIA DOMESTIC -0.95


  • Congressional Democrats Are Already Warning Trump About ...
  • EXCLUSIVE: Dion not properly briefed on human rights before ...
  • BANKING
  • High-Dollar Office Deals Highlight Foreign Capital's Hand in ...
  • GCC Processed Meat Market: Product Innovation to be Key Focus of ...
  • Singapore non-oil exports sink 15.6% in March, worse than expected
  • OPEC ROUNDUP: Encouragement there for oil producers, although ...
  • Easing liquidity conditions to reduce funding costs of Saudi banks

    Our Recent Research Reports

  • 2017-02-22 ML Weekly
  • 2017-02-21 ML Fixed Income Weekly
  • 2017-02-19 ML Index Atlas Best and Worst Momentum Plays
  • 2017-02-17 ML Morning Meeting
  • 2017-02-17 ML Funds Atlas - Weekly

    Recent Chart Art

    Total Capex By Sector 2017 Forecast (USDmn)

    Download file in Power Point
    MidLincoln Comics

    Download file in Power Point
    Debt vs. Equity

    Download file in Power Point
    Backtesting of Our Portfolio Model

    Download file in Power Point
    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