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April 21, 2017

Best 15 Markets Yesterday

CountryChangePct
PAKISTAN2.26
FRANCE1.85
PERU1.74
TURKEY1.65
FINLAND1.58
HUNGARY1.49
TRINIDAD AND TOBAGO1.46
AUSTRIA1.45
KAZAKHSTAN1.31
CHINA1.14
DENMARK1.03
ARGENTINA0.99
LITHUANIA0.98
SOUTH AFRICA0.97
IRELAND0.92

Worst 15 Markets Yesterday

CountryChangePct
TUNISIA-5.03
UKRAINE-3.51
LEBANON-1.48
JAMAICA-1.34
BANGLADESH-1.23
CHILE-0.88
ZIMBABWE-0.72
VIETNAM-0.70
COLOMBIA-0.70
SAUDI ARABIA DOMESTIC-0.62
UNITED ARAB EMIRATES-0.60
QATAR DOMESTIC-0.56
SLOVENIA-0.56
BULGARIA-0.53
OMAN-0.51

Best 10 Markets YTD

CountryChangePct
ARGENTINA38.67
POLAND23.41
JAMAICA22.11
KAZAKHSTAN21.45
BAHRAIN18.90
CHILE18.16
ROMANIA17.69
MEXICO16.87
INDIA16.53
CHINA14.20

Worst 10 Markets YTD

CountryChangePct
OMAN-11.28
LEBANON-9.11
RUSSIA-7.95
MOROCCO-4.34
ZIMBABWE-3.74
SAUDI ARABIA DOMESTIC-3.67
NIGERIA-2.68
PAKISTAN-2.50
GREECE-2.01
TRINIDAD AND TOBAGO-1.48

Best 10 Markets Last 12 months

CountryChangePct
KAZAKHSTAN60.28
ZIMBABWE38.70
JAMAICA38.44
BULGARIA34.26
PAKISTAN31.17
BRAZIL28.96
SERBIA23.80
UKRAINE22.81
BAHRAIN22.80
TAIWAN21.89

Worst 10 Markets Last 12 months

CountryChangePct
NIGERIA-28.42
BOSNIA AND HERZEGOVINA-23.14
GHANA-22.59
BOTSWANA-22.42
TURKEY-17.90
SLOVENIA-17.01
ISRAEL-16.94
TUNISIA-13.99
EGYPT-12.56
MALAYSIA-10.49

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Ecuador8.660.55
Venezuela23.920.37
Cote D'Ivoire (Ivory Coast)6.900.12
Angola9.030.04
Trinidad and Tobago4.480.03
Jamaica6.030.00
Kenya7.140.00
United States0.980.00
Morocco3.57-0.01
Pakistan5.04-0.02
El Salvador8.21-0.03
Argentina6.48-0.06
Zambia7.95-0.06
Vietnam4.55-0.07
Slovak Republic2.55-0.08
Ethiopia7.49-0.08
Brazil4.90-0.09
Gabon6.99-0.09
Peru3.86-0.09
Iraq8.09-0.10
Egypt6.40-0.11
Russian Federation4.03-0.11
Philippines3.25-0.12
Indonesia4.16-0.12
Lithuania2.64-0.13
China2.96-0.13
Malaysia3.41-0.13
Ukraine8.57-0.14
India3.91-0.14
Uruguay4.42-0.14
Poland2.85-0.15
Sri Lanka5.49-0.15
South Africa4.62-0.15
Kazakhstan4.55-0.16
Lebanon6.02-0.16
Hungary3.50-0.17
Panama3.43-0.17
Oman4.37-0.17
Jordan6.25-0.17
Chile3.00-0.17
Ghana8.42-0.18
Azerbaijan5.17-0.18
Dominican Republic5.43-0.20
Mexico4.63-0.21
Turkey5.24-0.24
Romania3.67-0.25
Colombia4.06-0.27
Mongolia6.43-0.27
Croatia (Hrvatska)3.55-0.28
Tunisia6.51-0.28
Paraguay5.65-0.29
Serbia3.70-0.30
Costa Rica6.27-0.34

Chart: Worst 20 Markets Last Year Vs. Their YTD Perfromance..

Sub-Saharan Kenya, Nigeria and Ghana - did bad last year and their underperformance is back. While Turkey, Israel and Bosnia are bouncing strongly despite last year troubles

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-04-20 and 2017-04-14

Best global markets last week USA +1.16%, EUROPE +0.56%, EM LATIN AMERICA +0.14%,

While worst global markets last week EFM ASIA -0.46%, FM (FRONTIER MARKETS) -0.40%, EM (EMERGING MARKETS) -0.21%,
  • US equities the boldest contrarian trade right now
  • Fund managers rotate from US to eurozone stocks
  • Ian Cowie: Beep, beep! The best way to tackle emerging markets
  • The Emerging Markets Consumer Stirs Again
  • China's Stocks Refuse to Drop More Than 1%
  • China Stocks Head for 2017's Worst Week Amid Crackdown Concerns
  • Barclays Said to Plan More Than 20 Hires at Europe Equities Unit
  • Allocations to European equities hit 15-month high despite election ...
  • Offshore Crude Backlog Haunts Oil Price Recovery
  • Gulf states reassure market that supply deal holds firm after oil ...
  • Usiminas sees Brazil domestic steel price premium unsustainable
  • Surging Coking Coal Could Lift Steel Prices in China
  • Current Gold rate: Check out the current gold price
  • Gold Price: Find all the latest gold rate charts and news

    Best since the start of the week among various stock markets were POLAND +2.97%, TRINIDAD AND TOBAGO +2.70%, HUNGARY +2.63%, TURKEY +2.21%, SPAIN +2.01%, PAKISTAN +1.89%, SRI LANKA +1.72%, LITHUANIA +1.65%, ESTONIA +1.64%, ITALY +1.56%,

    While worst since the start of the week among various stock markets were TUNISIA -5.23%, BANGLADESH -3.42%, NORWAY -2.78%, LEBANON -2.50%, SAUDI ARABIA DOMESTIC -2.29%, BAHRAIN -2.14%, KUWAIT -2.07%, QATAR DOMESTIC -1.94%, OMAN -1.88%, PHILIPPINES -1.87%,

    News

    Best 10 Market Since the begining of the week


    POLAND 2.97


  • Polish leader's jet probably exploded just before 2010 crash ...
  • Failed bid to destroy Tusk gives Polish opposition their mojo back
  • Polish government eyes economic growth
  • Poland's investment declines at fastest pace in 6 years
  • Somerdale to Skarbimierz
  • HSBC: Rapid growth forecast for Polish service exports
  • The Morawiecki Plan Promises a Brighter Future for Poland
  • beyondbrics

    TRINIDAD AND TOBAGO 2.70


  • FIFA increases funding to CONCACAF by 200 per cent
  • Shell commits $$ billions to T&T
  • Trade Minister Paula Gopee-Scoon: Cabinet reviewing plan on ease ...
  • Grenada celebrate 43 years of Independence
  • Once a Caribbean Success Story, Trinidad and Tobago Faces an ...
  • BREAKING NEWS
  • Former Jamaica PM to speak at ICATT conference
  • BREAKING NEWS

    HUNGARY 2.63


  • Hungary president moves to force George Soros-funded university ...
  • Apollo officials, Hungarian Prime Minister christen tire plant
  • CANCELLED - Ensuring Security, Stability and Economic Growth ...
  • Hungary Regains Investment Grade at S&P on Budget Discipline
  • Hungary's Population Decline Continues As Number Of Births And ...
  • Hungary offers to help automate PH farming
  • Two charts on how Hungary's budget deficit vanished
  • Energy analyst: New nuclear reactors will heavily increase ...

    TURKEY 2.21


  • Critics of Turkey's president across Europe tell of threats
  • Turkey's referendum: A democratic quest
  • Why Turkey's growth data has economists scratching their heads
  • 250 Turkish firms represent their country in MIPIM, one of the world's ...
  • Brain drain trend 'very dangerous for Turkey'
  • Turkey's exports surge by 19 percent in March
  • Turkey posts 6.8 bln liras in budget deficit, meets targets: Minister
  • Hot spots in emerging markets this week: South Africa, Russia

    SPAIN 2.01


  • Cyprus President expresses hope for enhanced ties with Spain, after ...
  • Prime Minister laughs off suggestion of war with Spain
  • Spain: Boom to bust and back again
  • Watch a Partner at Spain's Largest VC talk Investment Strategy
  • MVNO Monday: a guide to the week's virtual operator developments
  • Italy and Spain's exports compared in 5 charts
  • Spain veers away from austerity in compromise budget
  • SPAIN: Debt management versus debt settlement

    PAKISTAN 1.89


  • Kulbhushan Jadhav can appeal before Army chief, President ...
  • Is Prime Minister Nawaz Sharif fleeing Pakistan?
  • CPEC to accelerate economic growth of all countries in region
  • Yields of long-term Pakistan Investment bonds remain flat
  • Youth bulge: Pakistan must leverage its young population
  • Growth rate to fall short of target: think tank
  • Lower oil prices dim chances of meeting tax collection target
  • Pakistan's debt problem

    SRI LANKA 1.72


  • Sri Lanka President push reconciliation in New Year
  • * Sri Lankan Prime Minister leaves for Japan on official visit
  • * Tight fiscal and monetary policies expected to constrain Sri Lanka's ...
  • Sri Lanka taps Italian travel trade stakeholders
  • Positioned for sustainable growth: Private healthcare industry in Sri ...
  • Sri Lanka exports down 2.2-pct in 2016
  • Sri Lanka's budget undergoes complete overhaul
  • Sri Lanka debt office sells 38-pct more bonds than offered

    LITHUANIA 1.65


  • Lithuania posts EU's largest decrease in population for 2015 - Eurostat
  • President Grybauskaite: Lithuania is ready to defend itself
  • Lithuanian Prime Minister sees no fast solutions to migration problem
  • Swedbank revises up Lithuanian economic growth projections
  • Innovation fund to boost Baltic investment
  • Lithuania posts EU's largest decrease in population for 2015 - Eurostat
  • Statistics: Baltic states' export growth
  • Lithuania given political breathing space until May to address deficit
  • S&P Raises Lithuania's Debt Rating Two Notches on Euro

    ESTONIA 1.64


  • Russian cyberattacks, fake news worry former Estonia president
  • PM: Estonia's independence better protected than ever before
  • NATO's Build-Up in East Cuts Fear of Conflict, Estonia Says
  • Nordic meat company to invest in Estonia
  • 'Land is so yesterday': e-residents and 'digital embassies' could ...
  • Statistics: Baltic states' export growth
  • Estonia passes 2017 record level budget spending to bolster defense
  • NATO Chief Urges Countries to Keep Up with Defense Spending

    ITALY 1.56


  • Italian president begins official visit to Russia
  • Former Italian Prime Minister Berlusconi Aims to Save Easter Lambs ...
  • Italy will not lift 2017 GDP growth forecast - junior minister
  • Ryanair gives away €8 flights to mark Italy investment boost
  • Fall in birth rate hits Italy's population growth
  • Italy's exports should outperform GDP again this year, says ITA trade ...
  • Italy's extra moves likely to hit EU fiscal targets in 2017: Dombrovskis
  • Forget About Greece; Italy's Debt Crisis Will Be Worse

    Worst 10 Market Since Begining of the Week


    TUNISIA -5.23


  • Iran only hope against Israel: Tunisian president
  • Iran only hope against Israel: Tunisian president
  • France to lend Tunisia 135 million euros to finance projects — premier
  • Construction in Tunisia, Key Trends and Opportunities to 2021
  • Tunisia investment conference aims to kickstart economy
  • Tunisia's Leader Vows to Deliver on Demands of the Revolution
  • Tunisia exports the highest number of ISIL fighters of any country in ...
  • Tunisia: budget deficit exceeds 4 billion dinars at end November
  • Serinus Announces 2016 Financial and Operating Results

    BANGLADESH -3.42


  • Prime Minister of Bangladesh calls on President
  • Prime Minister of Bangladesh calls on President
  • India to partner in Bangladesh's economic development: Prez
  • 'Have I sold out the country?'
  • Bangladesh plugged into China's belt and road scheme
  • Maersk taps river route for Bangladesh exports
  • Muhith presents Tk 3.41 trillion Bangladesh budget for 2016-17 ...
  • Policy to make best use of aid money on way

    NORWAY -2.78


  • China's President Xi praises normalization of relations with Norway ...
  • Norway PM to visit China, meet President Xi after Nobel Peace Prize ...
  • Oil-, gas-rich Norway expects sluggish economic growth
  • Crude Collapse Forces Cuts in Norway Investment Forecasts
  • Immigrants to Secure Norway's Population Growth as Rural Areas ...
  • A future after oil and gas? Norway's fossil-free energy startups
  • Norway to Start Withdrawals From Oil Fund to Plug Deficits
  • 'New fund' targets Norway vessel assets

    LEBANON -2.50


  • Lebanon President Eliminates Vacuum at Parliament
  • Lebanon prime minister pleads for financial support ahead of Syria ...
  • PM Hariri: Lebanon at 'breaking point' due to refugees
  • Lebanon to use natural resources for economic growth: Hariri
  • Cullen: West Lebanon seeks to rise from ashes
  • Chief Lebanese Industrialist: Gulf Markets Represent 30% of ...
  • First Lebanon budget in 12 years targets 8.7 pct deficit
  • Lebanon reveals its first budget in 12 years

    SAUDI ARABIA DOMESTIC -2.29


  • Tatay Digong goes to Saudi!
  • May to raise 'hard issues' with Saudi Arabia, stand up for UK interests
  • Exclusive - Saudis, oil majors discuss gas investments ahead of ...
  • BRIEF-Fitch rates Saudi Arabia's Sukuk 'A+(EXP)'
  • A Guide to Putting Iran on Notice
  • Jamaica saves $30b on oil imports
  • 2020 Budget Hotels Industry Key Trends, Mergers and Acquisitions ...
  • Factors to watch - Mar 27

    BAHRAIN -2.14


  • HM King receives Palestinian President
  • HRH Prime Minister congratulated on winning Development Work ...
  • IMF Staff Completes 2017 Article IV Mission to Bahrain
  • Bahrain investment market opens for business
  • 2. Economic growth attracts migrants to Persian Gulf
  • 'Indian merchandise exports to 6 Gulf countries down 18.7% in 2015 ...
  • 'No end in sight' to Bahrain's fiscal woes in 2017
  • Moody's cuts Saudi, Oman, Bahrain debt ratings

    KUWAIT -2.07


  • Cyprus House President begins official visit to Kuwait
  • Kuwait lawmakers to grill prime minister, three ministers
  • KFAD provides additional concessional loan for KaluGanga ...
  • Kuwait Investment Opportunities Fund sells stake in Elaj Medical ...
  • Kuwait's demographic crisis
  • Beximco in milestone achievement with Kuwait exports
  • GCC budgets focus on non-oil diversification and fiscal consolidation
  • Kuwait leads and follows with bond debut

    QATAR DOMESTIC -1.94


  • Qatar set to remain dominant force in global LNG industry
  • Indian Carriers Ponder Threat of Possible Qatar Incursion
  • IMF hails Qatar's move to adjust to lower oil prices
  • Participants from 30 countries come calling to Annual Investment ...
  • Qatar's QInvest buys US land to build apartments
  • Services rebound aids S'pore's Q2 growth, but outlook still cloudy
  • US Sold $40 Billion in Weapons in 2015, Topping Global Market
  • IMF Executive Board Concludes 2016 Article IV Consultation with ...

    OMAN -1.88


  • Ukraine president's grip weakens as central bank chief quits
  • Minister Responsible for Foreign Affairs of Oman calls on Prime ...
  • Forget Brexit, Ireland bumps up growth forecasts
  • Oman Investment Corporation sells 2.86% of its shares in Sembcorp ...
  • Qatar's population growth is slowing down in 2017
  • 28% fall in Oman's exports
  • Oman's budget deficit estimated at OMR5b for 2016
  • Oman considers taking early payments for oil to avoid new debt ...

    PHILIPPINES -1.87


  • Philippine president arrives in Riyadh
  • Hun Sen Urges Philippine Investment for Ailing Rice Sector
  • Philippines growth easing to 6.4% this year – ADB
  • Philippines investment grade rating affirmed under Duterte ...
  • Online bashing and mental health
  • PH's access to EU market to be decided by yearend
  • Philippines to follow Indonesia's tax amnesty
  • Philippines debt balloons to P6 trillion as of September

    Our Recent Research Reports

  • 2017-04-20 ML Fund Atlas - Weekly Fund Flow
  • 2017-04-20 MidLincoln Research CIS Macro and Politics Update
  • 2017-04-19 ML Index Atlas

    Recent Chart Art

    Dollar (DXY) – Break Out is Likely

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    Global Sectors - PE vs Growth

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    Key Quant Indexes YTD Performance

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    Quant Funds Outflows - Less

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    Brent Oil price vs. USD Index (DXY). Dollar strength is the key to oil price dynamics

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    Emerging Markets Funds Post inflows much more often then outflows recently

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    Quant Funds Keep Posting Small Outflows

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    Average Debt To MarketCap across Countries

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    Worst 20 Markets Last Year Vs. Their YTD Perfromance..

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