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March 8, 2017

Best 15 Markets Yesterday

CountryChangePct
ZIMBABWE2.63
BAHRAIN1.60
NIGERIA0.86
BULGARIA0.72
GREECE0.70
TUNISIA0.68
AUSTRIA0.66
CHINA0.55
HONG KONG0.43
IRELAND0.42
LEBANON0.41
UNITED ARAB EMIRATES0.40
TAIWAN0.37
OMAN0.35
SPAIN0.33

Worst 15 Markets Yesterday

CountryChangePct
JAMAICA-4.08
TURKEY-2.84
UKRAINE-2.55
BRAZIL-2.45
PERU-1.52
JORDAN-1.26
CANADA-1.10
SOUTH AFRICA-1.06
BOTSWANA-0.96
JAPAN-0.94
NEW ZEALAND-0.93
CZECH REPUBLIC-0.90
COLOMBIA-0.84
QATAR DOMESTIC-0.84
ANDEAN-0.81

Best 10 Markets YTD

CountryChangePct
KAZAKHSTAN28.55
ARGENTINA22.99
BAHRAIN19.52
JAMAICA18.35
POLAND16.59
UKRAINE15.65
BOSNIA AND HERZEGOVINA12.76
CROATIA11.94
ROMANIA11.74
CHINA11.26

Worst 10 Markets YTD

CountryChangePct
KENYA-13.12
ZIMBABWE-8.53
RUSSIA-6.89
GHANA-6.85
GREECE-5.25
NIGERIA-4.12
OMAN-3.94
BOTSWANA-3.53
SRI LANKA-3.46
FM AFRICA-2.44

Best 10 Markets Last 12 months

CountryChangePct
BRAZIL51.65
KAZAKHSTAN43.03
ZIMBABWE37.78
PAKISTAN35.45
JAMAICA34.91
PERU34.49
BULGARIA32.00
CROATIA31.02
SERBIA28.91
RUSSIA27.82

Worst 10 Markets Last 12 months

CountryChangePct
GHANA-36.05
NIGERIA-32.38
BOTSWANA-21.45
KENYA-20.19
SLOVENIA-16.26
ISRAEL-15.38
DENMARK-13.85
BOSNIA AND HERZEGOVINA-12.94
TUNISIA-11.62
TURKEY-10.97

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Turkey5.600.22
Ghana8.790.21
Ukraine8.490.19
Ecuador8.020.18
Venezuela22.380.17
Chile3.100.16
India3.960.10
Colombia4.260.10
Brazil4.980.09
Panama3.540.09
China3.040.08
South Africa4.660.08
Costa Rica6.550.07
Malaysia3.440.07
Azerbaijan5.080.07
Tunisia6.630.06
Hungary3.610.06
United States0.830.05
Paraguay5.910.05
Philippines3.270.04
Indonesia4.240.04
Serbia3.990.04
Ethiopia7.620.03
Lebanon6.210.03
Argentina6.590.02
Croatia (Hrvatska)3.840.02
Slovak Republic2.650.02
Uruguay4.560.02
Oman4.580.02
Poland2.920.02
Kazakhstan4.580.01
Jordan6.230.01
Mexico4.800.00
Russian Federation4.02-0.01
Jamaica5.98-0.01
Vietnam4.52-0.01
Romania3.80-0.02
Pakistan4.79-0.04
Lithuania2.74-0.04
Peru3.98-0.04
Dominican Republic5.61-0.05
Morocco3.55-0.05
Egypt6.22-0.08
Angola9.33-0.08
Mongolia6.60-0.08
Trinidad and Tobago4.40-0.10
Kenya7.12-0.11
Iraq8.10-0.15
Cote D'Ivoire (Ivory Coast)6.66-0.18
El Salvador8.46-0.22
Sri Lanka5.35-0.29
Zambia7.96-0.36
Gabon6.77-0.58

Chart: Russia RTS Sectors 12 month performance -"state owned regulated" Utilities lead while "free market" Consumers lag

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-03-08 and 2017-03-04

Best global markets last week EFM ASIA +1.20%, EM (EMERGING MARKETS) +0.41%, FM (FRONTIER MARKETS) +0.01%,

While worst global markets last week EM LATIN AMERICA -1.94%, USA -0.85%, EUROPE -0.78%,
  • Energy drags on US equities, dollar strengthens
  • US equities poised to steady with healthcare in spotlight
  • EMERGING MARKETS-Lira falls 1 pct as emerging markets feel pre ...
  • Emerging-Market Superstars: Hidden In Plain Sight
  • China Stocks-Factors to watch on Thursday
  • China Stocks-Factors to watch on Wednesday
  • Fund selectors dip their toes back into European equities but caution ...
  • 'I could lose my behind' being long European stocks, David Tepper ...
  • Oil prices slide by their most in more than a year
  • Oil Prices Under Pressure From Record Breaking Inventories
  • Krakatau Steel's bottom line improves despite low steel price
  • Steel Price Forecast, February 2017: The Rally Picks Back Up Again
  • Gold Price Hits 5-Week Low as Dollar Gains on ADP Jobs Data ...
  • Gold prices log 7th straight loss

    Best since the start of the week among various stock markets were ZIMBABWE +4.43%, BULGARIA +3.44%, NIGERIA +3.03%, BAHRAIN +1.80%, KOREA +1.80%, GHANA +1.72%, TAIWAN +1.69%, CHINA +1.26%, VIETNAM +1.08%, SERBIA +1.07%,

    While worst since the start of the week among various stock markets were EGYPT -7.03%, JAMAICA -4.71%, PERU -4.23%, QATAR DOMESTIC -3.94%, QATAR -3.59%, HUNGARY -3.58%, BRAZIL -3.27%, UKRAINE -2.95%, BOTSWANA -2.10%, CZECH REPUBLIC -1.79%,

    News

    Best 10 Market Since the begining of the week


    ZIMBABWE 4.43


  • Zimbabwe: President Calls for Stronger Harare, Accra Relations
  • Zimbabwe: President Calls for Stronger Harare, Accra Relations
  • Pakistan invites Zimbabwe cricket team for series
  • Zimbabwe: Women Are Agents of Economic Development
  • Zimbabwe: Special Economic Zones Delays Worry Industry
  • Zimbabwe: 'Stop Using Birth Control So We Can Attract Investment ...
  • Zim exports continue upward trend
  • CBZ profit falls by a third, bank doubles TBs purchases to $766 million
  • AfDB debt mission heads for Zim

    BULGARIA 3.44


  • 'Pro-Russia' Label Hounds Bulgaria's New President
  • Bulgaria elections 2017: The week that was, March 5
  • Bulgaria Q4 GDP Growth Unrevised
  • German-style 'grand' coalition looks unlikely in Bulgaria
  • Bulgarian Parties Hustle for Patriotic Votes in Election
  • Bulgaria's Exports Grew 4% in 2015 - Final Data
  • Bulgaria's finimin sees Jan-Feb budget surplus at 0.9%/GDP
  • Greek Euro Exit Risk Gets You Down? Find Relief in Bulgaria Debt

    NIGERIA 3.03


  • Saber meets Hungarian president
  • Stop deceiving Nigerians with phone calls, group tells President ...
  • May sacks top Conservative over Brexit rebellion
  • FG releases its 2017-2020 economic recovery and growth plan
  • Nigeria: Investment in Gas declining, says NLNG boss
  • Nigeria: The Elephant in the Room - Nigeria's Population Growth ...
  • Nigeria Exports Two Million Jobs To China With The Textile Industry ...
  • Nigeria's Budget 2017 – Official Rethink on Revenue Collection
  • Governors, cronies contribute to Nigeria's debt profile – Shehu Sani

    BAHRAIN 1.80


  • HM the King receives Tennis Club founders, presidents
  • Emir meets Prime Minister of Bahrain
  • Bahrain's economic growth forecast to shrink in 2017-18
  • BHB highlights Bahrain Investment Market
  • 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

    KOREA 1.80


  • South Korean President's Fate to Be Decided by Court on Friday
  • North Korea bans Malaysians from leaving country as prime minister ...
  • Korea's economic growth may slow on THAAD impact
  • Alibaba affiliate Ant Financial expands global footprint with South ...
  • The incredible growth of the internet over the past five years ...
  • Semiconductors Contribute to 20% Spike in Exports in Feb., Highest ...
  • New South Korea budget airline cleared for take-off
  • Joint effort to bail out Korea's debt-laden shipper Hanjin

    GHANA 1.72


  • Rousing welcome for President in Ghana
  • Vice President Boakai Meets Ghanaian President Akufo Addo
  • Govt to fast-track economic development through industrialisation
  • Ghana: Investment in Agriculture, Growth Mosaic Shows the Way
  • Ghanaian women's role in development since independence
  • GNCC, Indian businesses strategize to boost Ghana's exports
  • Ghana's budget deficit hovering around GH¢13.3b
  • Ghana's debt to GDP hits 74%- Ken Ofori Atta

    TAIWAN 1.69


  • Former Taiwanese President Speaks Out for Improved China ...
  • Taiwan and Tibet: Flags Banned by Cambodian Prime Minister
  • Little impact on economic growth from new work rules: official
  • Taiwan Is Sidestepping China To Bid For India's Tough (But Eager ...
  • Taiwan's population to peak at 23.81 million in 5 to 10 years
  • Taiwan exports rise for 5th straight month in February
  • Economic Analysis - Taiwan's Budget Deficit To Stabilise in 2015 ...
  • US issuers rush to sell Formosa bonds before rule change
    Econ events
    momenteventForecastConsensus
    2017-03-07Imports YoY FEB
    2017-03-07Exports YoY FEB
    2017-03-07Balance of Trade FEB$3.8B
    2017-03-07Wholesale Prices YoY FEB0.048
    2017-03-07Inflation Rate MoM FEB0.006
    2017-03-07Inflation Rate YoY FEB0.009

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    Taishin Financial Holding Co LtdTAIWANFinancials3/8/2017

    CHINA 1.26


  • A delicate dance, but is China finally losing patience with Donald ...
  • Chinese premier warns world entering period of political and ...
  • China targets economic growth of around 6.5 per cent
  • China focuses on risk control as economy firms
  • China's population to touch 1.42 billion by 2020
  • China's exports rise in first 2 months of the year
  • China to pursue low defense spending increment
  • Finance minister says China debt risks manageable
    Econ events
    momenteventForecastConsensus
    2017-03-07Imports YoY FEB
    2017-03-07Exports YoY FEB
    2017-03-07Balance of Trade FEB$3.8B
    2017-03-07Foreign Exchange Reserves FEB$ 2970B
    2017-03-07Wholesale Prices YoY FEB0.048
    2017-03-07Inflation Rate MoM FEB0.006
    2017-03-07Inflation Rate YoY FEB0.009
    2017-03-08Imports YoY FEB
    2017-03-08Exports YoY FEB
    2017-03-08Balance of Trade FEB$30B
    2017-03-09Vehicle Sales YoY FEB
    2017-03-09PPI YoY FEB0.078
    2017-03-09Inflation Rate MoM FEB0.005
    2017-03-09Inflation Rate YoY FEB0.017

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    SOHO China LtdCHINAReal Estate3/8/2017

    VIETNAM 1.08


  • JETRO: Japanese firms intend to expand business in Vietnam
  • VN President receives newly-accredited ambassadors
  • Prime Minister meets with UN Under-Secretary-Generals in Hanoi
  • Vietnam's Economy Is On Fire, And Fueled By Coal: How It Can ...
  • JETRO: Japanese firms intend to expand business in Vietnam
  • Sofitel Legend Metropole Hanoi acquired by Warburg Pincus ...
  • Textile & garment, seafood manufacturers worried about Brexit
  • Vietnam's Budget Airline Founder Is Southeast Asia's Only Woman ...
  • Vietnam's public debt growing three times faster than GDP

    SERBIA 1.07


  • Albanian President Makes Landmark Visit to Serbia
  • Serbian Prime Minister Vucic Registers Presidential Candidacy
  • Serbia's GDP growth slows to 2.5% in Q4
  • Serbia Champions Early Childhood Development: 17000 Additional ...
  • IMF urges Serbia to encourage private sector growth - report
  • 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


    EGYPT -7.03


  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egypt president: Christians and Muslims must be treated equally
  • Abbas opposition to regional peace summit caused friction with ...
  • Tough decisions get Egypt back on track
  • Egypt- Investment minister studies measures to improve business ...
  • Will families with 2 children become the norm in Egypt?
  • Growth rate of Egypt's exports reaches 7.4% in 2016
  • Egypt's budget deficit hits $1bn
  • Foreign Purchases of Local Egypt Debt May Reach $11 Billion
    Econ events
    momenteventForecastConsensus
    2017-03-09Core Inflation Rate YoY FEB0.3488
    2017-03-09Inflation Rate YoY FEB0.293

    JAMAICA -4.71


  • Don't blame President Trump
  • Jamaica: Prime Minister Holness must take decisive action to tackle ...
  • Jamaica sings new tune for high economic growth
  • A Jamaica BPO Exec Sees Major Momentum Support by the ...
  • NCDs – Jamaica's silent killer
  • Going for growth — the IMF's insidious agenda
  • PAAC meeting with UWI postponed
  • Jamaica's debt stock increases, but authorities say it's temporary

    PERU -4.23


  • Venezuela calls Peru's president a 'coward' and a 'dog' subservient ...
  • Prime Minister: We need to clean Peru from corruption
  • Peru's economic performance blunted by Odebrecht effect
  • Peru: Investment in infrastructure to amount US$6.553 billion thru ...
  • Mobile Connections Continue to Rebound in Peru
  • Peru: Exports up in Jan 2017
  • Of Interest: Jan. 30, 2017
  • Peru: Sending Markets the Right Signals

    QATAR DOMESTIC -3.94


  • President Trump Must Make Sure Foreign Governments Play By The ...
  • Cyclone slams into Madagascar, at least three dead
  • Life cover seen key to lifting Qatar insurance penetration
  • High-Dollar Office Deals Highlight Foreign Capital's Hand in ...
  • Qatar's QInvest eyes luxury developments in US
  • Oil And Gas Industry: 2016 Review And A Look Into 2017
  • A $100 billion global arms race Trump wants to win
  • BMI sees gradual reduction in Qatar's debt levels

    QATAR -3.59


  • Qatar's Unesco candidate meets Ghana Vice-President
  • COAS calls on Qatar Prime Minister
  • Revenue-raising steps not to impact Qatar's private consumption ...
  • New arbitration law to make Qatar 'investment-friendly'
  • Qatar population reaches all-time high at 2.67mln
  • Azerbaijan eyes Qatar investment inflows to agriculture, tourism
  • Diversification key to Qatar-S Korea alliances: Doha Bank CEO
  • BMI sees gradual reduction in Qatar's debt levels

    HUNGARY -3.58


  • Saber meets Hungarian president
  • Hungary Votes to Detain Immigrants, Prime Minister Says They Are ...
  • Hungary Q4 GDP Growth Slows As Estimated
  • JCRA Becomes Fourth Major Credit Rating Agency To Upgrade ...
  • Hungary PM says restricting the number of migrants and protecting ...
  • ForMin Melescanu had a meeting in Budapest with his Hungarian ...
  • Hungary may revise 2017 budget in light of March deficit - minister
  • Energy analyst: New nuclear reactors will heavily increase ...

    BRAZIL -3.27


  • OBESITY INCREASES TO 1 IN EVERY 6 INSURANCE ...
  • Brazil's Temer Launches 45B-reais Infrastructure Concession Plan
  • “There are no secret flights” between Falklands and Brazil, says ...
  • Brazil's worst-ever recession unexpectedly deepens in late 2016
  • Chinese market becomes stabilizer for foreign trade in Latin America
  • OBESITY INCREASES TO 1 IN EVERY 6 INSURANCE ...
  • Will Rising Commodity Prices Help Brazil Recover?
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • Brazil: Debt Means Bankruptcy For PDG Realty
    Econ events
    momenteventForecastConsensus
    2017-03-07New Car Registrations MoM FEB
    2017-03-07Car Production MoM FEB
    2017-03-07GDP Growth Rate YoY Q4-0.021
    2017-03-07GDP Growth Rate QoQ Q4-0.002
    2017-03-08Net Payrolls JAN-98.5K
    2017-03-08Industrial Production MoM JAN-0.003
    2017-03-08Industrial Production YoY JAN0.001
    2017-03-10Inflation Rate MoM FEB0.0035
    2017-03-10Inflation Rate YoY FEB0.05

    Companies Reported Yesterday Include:
    CompanyCountrySectorReported
    MRV Engenharia e Participacoes SABRAZILConsumer Discretionary3/8/2017
    Localiza Rent a Car SABRAZILIndustrials3/8/2017

    Companies that will report Today:
    CompanyCountrySectorReported
    Embraer SABRAZILIndustrials3/9/2017
    Multiplan Empreendimentos Imobiliarios SABRAZILReal Estate3/9/2017
    Transmissora Alianca de Energia Eletrica SABRAZILUtilities3/9/2017

    UKRAINE -2.95


  • EU extends sanctions against ex-Ukraine president: source
  • Ukraine Loses Monthly Over $70Mln to Donbass Trade Blockade ...
  • Rail blockade by Ukraine patriots creates headache for Kiev
  • UKRAINE TO HAVE HUGE PARTICIPATION IN THE ANNUAL ...
  • Nolan Peterson: Why Is Ukraine's Population Shrinking?
  • There Is a Move Towards Change in Ukraine
  • Rail blockade by Ukraine patriots creates headache for Kiev
  • London court decision on Ukraine's debt to Russia expected after ...

    BOTSWANA -2.10


  • Botswana president Ian Khama meets German Chancellor Merkel ...
  • David Oyelowo visited by Botswana president during film shoot
  • Botswana cenbank sees economic growth above 4 pct in next two ...
  • BITC parts ways with Sejoe
  • Mining-friendly hot spot: Botswana a worthy destination
  • BITC parts ways with Sejoe
  • Botswana's Budget Seeks To Broaden Tax Base
  • Shrenuj Nears Debt Deal to Ease Liquidity Crisis

    CZECH REPUBLIC -1.79


  • Trump's Czech admirer Zeman weighs presidential re-election bid
  • Central European nations present plan for stronger EU
  • Eurostat: Greece is the only EU country still in recession
  • Czech Republic country profile
  • Seat increases sales by 10% and production at its Greater ...
  • Czech PM's party puts bank tax back on election menu
  • Cuba Offers Rum To Pay Debt To Czech Republic

    Our Recent Research Reports

  • 2017-03-08 ML Weekly
  • 2017-03-07 ML Industry/Sectors Weekly
  • 2017-03-06 ML Fixed Income Weekly
  • 2017-03-03 ML Morning Meeting
  • 2017-03-03 ML Fund Atlas -- Weekly Flows
  • 2017-03-03 ML Chart ART

    Recent Chart Art

    Russia RTS Sectors 12 month performance -"state owned regulated" Utilities lead while "free market" Consumers lag

    Download file in Power Point    		Some of the Key Russian Benchmarks (published ex-Russia) YTD Performance

    Download file in Power Point    		Russian RTS Index Subsectors Performance

    Download file in Power Point
    Some of the Best Performing Bond Fund Ideas YTD (% NAV Change YTD)

    Download file in Power Point    		Fund Flows into Key Commodities Funds

    Download file in Power Point    		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