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March 3, 2017

Best 15 Markets Yesterday

CountryChangePct
EGYPT2.37
PAKISTAN1.64
KUWAIT1.21
MALAYSIA0.96
PHILIPPINES0.92
MOROCCO0.78
ESTONIA0.78
OMAN0.70
INDONESIA0.67
MAURITIUS0.59
SAUDI ARABIA DOMESTIC0.58
SERBIA0.45
AUSTRIA0.38
TRINIDAD AND TOBAGO0.31
BOSNIA AND HERZEGOVINA0.27

Worst 15 Markets Yesterday

CountryChangePct
PERU-2.25
BRAZIL-1.87
BELGIUM-1.82
BAHRAIN-1.31
ARGENTINA-1.24
BULGARIA-1.21
COLOMBIA-1.09
BOTSWANA-1.08
ROMANIA-0.97
SWEDEN-0.97
HUNGARY-0.95
ANDEAN-0.79
ANDEAN-0.79
RUSSIA-0.72
SPAIN-0.70

Best 10 Markets YTD

CountryChangePct
KAZAKHSTAN30.11
ARGENTINA21.62
UKRAINE20.34
JAMAICA19.07
POLAND18.88
BAHRAIN17.42
BOSNIA AND HERZEGOVINA14.11
CROATIA13.09
BRAZIL13.05
ROMANIA11.94

Worst 10 Markets YTD

CountryChangePct
KENYA-11.89
ZIMBABWE-11.35
GHANA-8.81
NIGERIA-8.27
RUSSIA-5.97
GREECE-3.78
FM AFRICA-3.37
FM AFRICA-3.37
OMAN-3.14
SRI LANKA-2.83

Best 10 Markets Last 12 months

CountryChangePct
BRAZIL74.44
KAZAKHSTAN57.23
PAKISTAN42.08
PERU38.61
UKRAINE38.54
ZIMBABWE36.94
HUNGARY36.63
RUSSIA36.00
CROATIA35.36
JAMAICA35.06

Worst 10 Markets Last 12 months

CountryChangePct
GHANA-37.37
NIGERIA-34.85
KENYA-17.83
BOTSWANA-17.79
SLOVENIA-14.63
ISRAEL-14.28
TUNISIA-11.01
BOSNIA AND HERZEGOVINA-9.58
DENMARK-9.34
FM AFRICA-9.19

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Cote D'Ivoire (Ivory Coast)6.840.08
Ukraine8.300.06
Pakistan4.820.03
Kenya7.230.02
Costa Rica6.480.02
Gabon7.350.01
Morocco3.600.00
Trinidad and Tobago4.500.00
Ethiopia7.590.00
United States0.780.00
South Africa4.580.00
Vietnam4.53-0.01
Uruguay4.55-0.02
Oman4.57-0.02
Kazakhstan4.56-0.02
Serbia3.95-0.02
Slovak Republic2.63-0.03
Hungary3.55-0.03
Philippines3.23-0.04
Paraguay5.86-0.04
Turkey5.29-0.04
Malaysia3.37-0.05
Azerbaijan5.01-0.05
Peru4.02-0.05
Russian Federation4.02-0.05
Dominican Republic5.66-0.06
Jordan6.22-0.06
Indonesia4.13-0.06
China2.96-0.07
Panama3.46-0.07
Croatia (Hrvatska)3.82-0.07
Jamaica5.99-0.08
Lebanon6.19-0.08
Colombia3.96-0.08
Poland2.90-0.08
Brazil4.89-0.09
El Salvador8.68-0.09
Lithuania2.77-0.09
India3.86-0.09
Romania3.82-0.09
Argentina6.57-0.10
Angola9.41-0.11
Sri Lanka5.64-0.13
Tunisia6.57-0.14
Chile2.94-0.14
Ghana8.58-0.17
Egypt6.29-0.17
Mexico4.72-0.19
Zambia8.32-0.20
Iraq8.25-0.26
Ecuador7.84-0.39
Venezuela22.21-0.84
Mongolia6.68-0.96

Chart: Historic and Projected Revenue Growth By Sector

Source: ML

Download file in Power Point

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

Key Comment





Best global markets last week EUROPE +1.13%, USA +0.56%, FM (FRONTIER MARKETS)-0.30%,

While worst global markets last week EM LATIN AMERICA -1.37%, EM (EMERGING MARKETS) -0.76%, EFM ASIA -0.56%,

Best since the start of the week among various stock markets were ITALY +4.16%, IRELAND +3.30%, KAZAKHSTAN +3.28%, BOSNIA AND HERZEGOVINA +2.60%, SPAIN +2.51%, GREECE +2.33%, AUSTRIA +2.06%, FRANCE +1.81%, POLAND +1.78%, SERBIA +1.78%,

While worst since the start of the week among various stock markets were KENYA -3.87%, COLOMBIA -2.93%, GHANA -2.63%, BAHRAIN -2.51%, EGYPT -2.51%, RUSSIA -2.39%, ESTONIA -2.24%, BOTSWANA -2.15%, UNITED ARAB EMIRATES -2.13%, BRAZIL -2.10%,

News

Best 10 Market Since the begining of the week


ITALY 4.16


  • Mayor meets visiting Italian president
  • Former Italian PM: Le Pen Victory Is 'Game Over' for the EU
  • Why Europe Should Not Worry About Italy
  • A record year for Made in Italy, surplus hits €51.56 bn
  • More than Half of Italian Population Using Social Platforms
  • Protectionist measures boomerang on the countries that pass them ...
  • Italy pledges measures to meet EU's budget concerns
  • Italy's Debt Causing Problems
    Econ events
    momenteventForecastConsensus
    2017-03-02Unemployment Rate JAN0.119
    2017-03-03GDP Growth Rate YoY Final Q40.011
    2017-03-03GDP Growth Rate QoQ Final Q40.002
    2017-03-03Markit/ADACI Services PMI FEB51.84

    IRELAND 3.30


  • CBI President strikes right chord with Northern Ireland members
  • Enda Kenny signals readiness to step down as Irish prime minister
  • Irish economy to grow 3.4%, says European Commission
  • Trump's emerging tax reform threat to Ireland's investment model
  • Ireland's population will grow to pre-famine levels in the next 20 years
  • Irish exports to grow, if Trump doesn't spark trade war
  • Irish tax revenues rise in January as VAT receipts surge
  • Ireland's debt still over €200bn despite fall in borrowing
    Econ events
    momenteventForecastConsensus
    2017-03-03Retail Sales YoY JAN0.045
    2017-03-03Retail Sales MoM JAN0.005
    2017-03-03Investec Services PMI FEB60.77
    2017-03-03Consumer Confidence FEB102.9

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    CRH PLCIRELANDMaterials3/2/2017

    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    Bank of IrelandIRELANDFinancials3/2/2017

    KAZAKHSTAN 3.28


  • Kazakh President, ATOM Project Hon. Ambassador nominated for ...
  • Kazakhstan May Determine Asia's Future. So Why Isn't America ...
  • 2017 Economic Growth in Kazakhstan Forecast at
  • Kaznex Invest reveals top four sectors for international investors
  • Income of Kazakhstan population 4.5% down in 2016
  • 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

    BOSNIA AND HERZEGOVINA 2.60


  • Bosnian genocide case revival slammed by Serbs
  • Bosnian genocide case revival slammed by Serbs
  • Bosnian War Anniversary: Sarajevo's 'Romeo and Juliet' Still Resonate
  • Sarajevo Rises in Popularity with Middle East Property Buyers
  • YUGOSLAVIA 25 YEARS ON: Population displacement is now set in ...
  • Competition Council: 2016 at a glance

    SPAIN 2.51


  • Readout of the President's Call with Prime Minister Mariano Rajoy of ...
  • Spain has appointed a 'minister for sex' to urge couples to have ...
  • Spain's Competitiveness Improves As Economic Growth Strengthens
  • Global Investment Guide: How To Invest In Spain
  • Airbnb's Troubles in Spain Grow Alongside Greater Use
  • Spain's Merchandise Exports Notch Up Yet Another Record – Analysis
  • Spain budget: Cuts to total 27bn euros this year
  • Spain's debt surges above 100 per cent of GDP
    Econ events
    momenteventForecastConsensus
    2017-03-02Unemployment Change FEB-8.4K
    2017-03-02GDP Growth Rate YoY Final Q40.03
    2017-03-02GDP Growth Rate QoQ Final Q40.007
    2017-03-03Consumer Confidence FEB97.8
    2017-03-03Markit Services PMI FEB54.1

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    ACS Actividades de Construccion y Servicios SASPAINIndustrials3/2/2017

    Ex Div Stocks yesterday:
    CompanyCountrySectorReported
    CaixaBank SASPAINFinancials3/2/2017

    GREECE 2.33


  • Greek president's visit shows potential of Saudi ties
  • Prime Minister: Greece Made 'Honorable Compromise' on Reforms
  • Bank of Greece: Economy to grow by 2.5% in 2017 on conditions
  • Greece offers no increase in taxes to attract big investments
  • Living through the Greek crisis: an anthropologist reports from ...
  • Michael Fry: Only a Scotland exporting kale and oatmeal could be ...
  • Bailout Is Back on Track
  • German finance minister hints at REFUSING Greece debt cut paving ...

    AUSTRIA 2.06


  • Austria President Alexander Van der Bellen: The European idea is ...
  • Turkey referendum: Erdogan rallies not welcome in Austria
  • GDP Grows 3.4% in Fourth Quarter, Most Since 2008
  • COVER STORY: Global Biotech Report
  • Growing immigration will 'keep Austria young'
  • Austria aims to boost wine exports
  • Fitch Affirms Sovereign Ratings Of Austria & Portugal
  • EU orders fine for Austria over region's false debt data
    Econ events
    momenteventForecastConsensus
    2017-03-02PPI YoY JAN0.012
    2017-03-02PPI MoM JAN0.003
    2017-03-03Retail Sales YoY JAN0.0144
    2017-03-03Retail Sales MoM JAN0.0173

    FRANCE 1.81


  • French election: Petition for Barack Obama to run for President ...
  • Support for Marine Le Pen hits record high in new poll as former ...
  • Will France's Flash Manufacturing PMI Affect Economic Growth?
  • Has the Juncker Plan really boosted investment in Europe?
  • France's Muslim Demographic Future
  • France's imports from Iran up 45 folds in 2016: Eurostat
  • Riviera and French News Friday 24th February 2017
  • France's Debt to Raise by $32Bln in Case of Euro Exit – Central ...
    Econ events
    momenteventForecastConsensus
    2017-03-0210-Year OAT Auction
    2017-03-03Retail Sales YoY JAN0.0347
    2017-03-03Retail Sales MoM JAN-0.0012
    2017-03-03Markit Services PMI Final FEB56.7
    2017-03-03Markit Composite PMI Final FEB56.2

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Engie SAFRANCEUtilities3/2/2017

    POLAND 1.78


  • Britain To Investigate Whether Russia Assassinated Poland's ...
  • Polish Deputy Prime Minister Believes Party Will Rule For 12 Years
  • UPDATE 1-Consumption drove Polish economy in Q4, investment ...
  • Poland's investment declines at fastest pace in 6 years
  • To avoid a demographic winter, Europe must understand human ...
  • HSBC: Rapid growth forecast for Polish service exports
  • The Morawiecki Plan Promises a Brighter Future for Poland
  • beyondbrics
    Econ events
    momenteventForecastConsensus
    2017-03-03Retail Sales MoM JAN0.0099

    SERBIA 1.78


  • Serbian President Nikolic Abandons Bid for Second Term
  • Serbia-Germany relations "at very high level"
  • Serbia's GDP growth slows to 2.5% in Q4
  • Serbia Champions Early Childhood Development: 17000 Additional ...
  • Macedonian system could slash Irish waiting lists
  • Croatian Exports to Serbia Fall Behind Imports
  • Serbia's Budget Gap May Come in at Half of Government's Plan
  • Vucic, Putin to discuss Serbia's debt for gas

    Worst 10 Market Since Begining of the Week


    KENYA -3.87


  • Practise what you preach, President tells politicians over polls
  • Kenya: Politicians Plot to Bring Back Office of Prime Minister
  • Illegal trade impedes economic growth
  • Kenyan SME's flourish as e-commerce spikes
  • Kenya's 2017 economic outlook
  • Kenya: Economic Growth to Slowdown in 2017
  • Why the state can't afford to give every Kenyan money
  • IMF gives Kenya's debt level clean bill of health

    COLOMBIA -2.93


  • Colombia President helps 8 year old student with her homework
  • Tokyo sees promise in Colombia, Mexico
  • Colombia's economic growth rate hits 2% in 2016, lowest in 7 years
  • Congress Approves Controversial Tax Reform to Shore Up Budget ...
  • Study confirms 4-fold rise in Zika microcephaly in Colombia
  • Maersk Sees Colombia's Infrastructure, Ports, and New Markets ...
  • The Daily Shot: Make Sense of Tuesday's Markets in 57 Charts
  • Colombia's debt head says fiscal reforms on track
    Econ events
    momenteventForecastConsensus
    2017-03-02Exports YoY JAN
    2017-03-03PPI YoY FEB0.029
    2017-03-04Inflation Rate MoM FEB0.011
    2017-03-04Inflation Rate YoY FEB0.054

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Isagen SA ESPCOLOMBIAUtilities3/2/2017

    GHANA -2.63


  • Offer Frank Criticism—President Akufo-Addo
  • Why Nkrumah wanted Jomo Kenyatta exiled in Ghana
  • Stop vilification; NDC holds record for highest economic growth ...
  • Ghana: Investment in Agriculture, Growth Mosaic Shows the Way
  • Every Ghanaian owes GHC 4519
  • GNCC, Indian businesses strategize to boost Ghana's exports
  • GHANA'S BUDGET AND ECONOMIC STATEMENT : A KEY ...
  • Ghana's debt to GDP hits 74%- Ken Ofori Atta

    BAHRAIN -2.51


  • Sheikh Saif inspects UAE forces in Bahrain
  • Sheikh Saif inspects UAE forces in Bahrain
  • Kingdom of Bahrain Targets “Country Level” Blockchain Adoption
  • GCC healthcare set to top non-oil investments
  • 2. Economic growth attracts migrants to Persian Gulf
  • '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 -2.51


  • Rift widens between Egyptian president, Al-Azhar
  • Egypt launches Ministers' Council on Social Affairs to discuss ...
  • Egypt's Economy Is in Crisis. So Why Is the Government Spending ...
  • Egypt- Investment minister studies measures to improve business ...
  • Cairo is fastest-growing city worldwide in terms of population in ...
  • Egypt exports talent to the world: LinkedIn - Daily News Egypt
  • Setting the Terms for US-Egypt Relations
  • Foreign holdings of Egypt debt rise as banks attract billions

    RUSSIA -2.39


  • Heed former President George W. Bush's call for answers on Russia
  • 'Russia plotted to overthrow Montenegro's government by ...
  • Russian economy to grow 2% this year – economic development ...
  • Yamal, Gazprom Neft sign environmental agreement
  • Labor minister says Russia's population grows naturally by 80000 in ...
  • How Russia managed to double its exports to Iran in 2016
  • Ex-finance minister does not rule out income tax hike for boosting ...
  • Kiev Still Not in Touch With Russia on Ukraine's $3Bln Debt
    Econ events
    momenteventForecastConsensus
    2017-03-03Markit Services PMI FEB56

    Companies that will report Today:
    CompanyCountrySectorReported
    TMK PJSCRUSSIAEnergy3/3/2017
    TMK PJSCRUSSIAEnergy3/3/2017

    ESTONIA -2.24


  • Estonian president: Estonia will never stand alone again
  • Estonia braced to resist 'fake news:' PM
  • Estonia Q4 Economic Growth Improves
  • Nordic meat company to invest in Estonia
  • Shedding Soviet history, Estonia aims to be world's most pro-tech ...
  • 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

    BOTSWANA -2.15


  • Botswana: President Khama Hails Farmers
  • David Oyelowo visited by Botswana president during film shoot
  • Botswana cenbank sees economic growth above 4 pct in next two ...
  • Thumps up to the budget
  • John Maynard: Can high income earners keep propping up SA ...
  • Botswana seeks increased trade with Zim
  • Botswana's Budget Seeks To Broaden Tax Base
  • Shrenuj Nears Debt Deal to Ease Liquidity Crisis

    UNITED ARAB EMIRATES -2.13


  • United Arab Emirates' Officials Praise President Trump's Moratorium
  • Spinneys to sell ugly veg in the United Arab Emirates
  • Wrong path
  • UAE keen to enhance investment in Pakistan
  • Clinicians Debate Management, Diagnosis of Respiratory Illnesses ...
  • Pomegranates turn bitter for Koppal farmers
  • UAE govt approves higher federal spending for 2015 - PM
  • UAE Bonds Pulling Away as Cash Reserves Beat OPEC Woes

    BRAZIL -2.10


  • Brazil's President Temer nominates close ally to Supreme Court
  • Explained: The bribery scandal engulfing Brazilian construction ...
  • Brazil
  • Chinese market becomes stabilizer for foreign trade in Latin America
  • Datora Mobile to Launch Ingenu's RPMA Network in Brazil
  • Wake Up and Smell the Coffee
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • Brazil: Debt Means Bankruptcy For PDG Realty
    Econ events
    momenteventForecastConsensus
    2017-03-02Net Payrolls JAN-98.5K
    2017-03-02Markit Manufacturing PMI FEB44.2

    Our Recent Research Reports

  • 2017-03-02 ML Commodities Weekly
  • 2017-03-01 ML Weekly
  • 2017-02-27 ML Fixed Income Weekly
  • 2017-02-27 ML Fund Atlas
  • 2017-02-27 ML Index Atlas

    Recent Chart Art

    Historic and Projected Revenue Growth By Sector

    Download file in Power Point    		Price of Aluminium on LME

    Download file in Power Point    		MidLincoln Comics:

    Download file in Power Point
    Key Performing Index Ideas YTD

    Download file in Power Point    		Weekly Fund Flows For Select GEM Countries

    Download file in Power Point    		Bonds vs. Equities Larger Set

    Download file in Power Point
    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