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August 1, 2017

Best 15 Markets Yesterday

CountryChangePct
BULGARIA1.94
PORTUGAL1.25
BRAZIL1.16
TRINIDAD AND TOBAGO1.10
VIETNAM0.91
HONG KONG0.90
DENMARK0.88
IRELAND0.83
POLAND0.82
SWITZERLAND0.82
CHINA0.78
NEW ZEALAND0.74
HUNGARY0.67
TUNISIA0.66
JAMAICA0.63

Worst 15 Markets Yesterday

CountryChangePct
NIGERIA-2.96
BAHRAIN-1.80
KUWAIT-1.78
QATAR-1.78
PERU-1.70
EGYPT-1.64
GREECE-1.60
BANGLADESH-1.60
ESTONIA-1.45
ARGENTINA-1.38
SAUDI ARABIA DOMESTIC-1.21
SOUTH AFRICA-1.18
SERBIA-1.16
BOTSWANA-1.13
MAURITIUS-1.10

Best 10 Markets YTD

CountryChangePct
ZIMBABWE58.61
AUSTRIA41.42
POLAND40.85
NIGERIA40.60
JAMAICA40.31
BULGARIA39.44
GHANA39.38
TURKEY36.82
CHINA33.97
KAZAKHSTAN33.62

Worst 10 Markets YTD

CountryChangePct
OMAN-19.57
RUSSIA-13.84
PAKISTAN-12.84
LEBANON-9.63
QATAR-7.36
BOTSWANA-4.93
JORDAN-1.22
SAUDI ARABIA DOMESTIC0.27
BANGLADESH3.63
TUNISIA4.80

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE117.56
BULGARIA79.89
JAMAICA63.46
AUSTRIA62.47
POLAND44.67
GREECE40.58
HUNGARY40.42
KAZAKHSTAN39.07
NIGERIA38.21
CHINA36.61

Worst 10 Markets Last 12 months

CountryChangePct
BOTSWANA-20.61
OMAN-19.71
EGYPT-16.79
ISRAEL-10.87
QATAR-7.92
PHILIPPINES-7.10
VIETNAM-2.64
LEBANON-2.36
NEW ZEALAND-1.76
JORDAN-1.33

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Venezuela31.264.15
Pakistan5.160.30
El Salvador8.560.23
Bolivia4.850.10
Lebanon6.500.07
Argentina6.590.05
Gabon6.920.03
Poland2.690.02
Vietnam3.980.02
Lithuania2.390.01
Kenya6.490.00
Malaysia3.27-0.01
India3.63-0.01
Colombia4.00-0.01
Costa Rica6.05-0.03
Philippines3.25-0.03
Slovak Republic2.33-0.03
Jordan5.79-0.03
Peru3.71-0.06
China2.93-0.06
Russian Federation3.97-0.07
Jamaica5.65-0.07
Tunisia6.34-0.08
Uruguay3.97-0.09
Paraguay5.23-0.10
Romania3.40-0.10
South Africa4.92-0.11
Chile2.77-0.12
Indonesia3.88-0.12
Hungary3.10-0.12
Turkey4.82-0.13
Kazakhstan4.56-0.16
Panama3.34-0.16
Angola8.45-0.17
Senegal5.94-0.17
United States1.05-0.17
Mexico4.28-0.18
Oman4.63-0.19
Brazil4.88-0.22
Nigeria6.72-0.22
Trinidad and Tobago4.60-0.23
Croatia (Hrvatska)3.10-0.25
Dominican Republic4.98-0.26
Ethiopia6.58-0.26
Ghana7.37-0.27
Egypt5.95-0.27
Serbia2.99-0.28
Cote D'Ivoire (Ivory Coast)6.10-0.29
Morocco3.01-0.30
Zambia7.54-0.30
Sri Lanka5.12-0.30
Azerbaijan4.93-0.37
Ukraine7.26-0.37
Ecuador8.81-0.38
Mongolia6.00-0.51
Iraq7.44-0.65

Chart: DXY, US Dollar have not been as week since the end of 2014 and is now testing the critical support again.

Euro strength is the key factor, Its is fairly safe to bet of further Euro strength which has broke above Previous resistance… Unless there is a geopolitical risk off

Source: ML, Bloomberg

Download file in Power Point


Comment

Weekly performance is between 2017-07-31 and 2017-07-28

Best global markets week to date EFM ASIA +0.51%, EM (EMERGING MARKETS) +0.31%, EUROPE +0.25%,

While worst global markets week to date FM (FRONTIER MARKETS) -1.09%, USA -0.07%, EM LATIN AMERICA 0.22%,
  • 'Dr. Doom' Marc Faber touts 3 alternatives to what he sees as risky ...
  • This Mexican stocks ETF is leaving US equities in the dust
  • EMERGING MARKETS-Emerging stocks set for 7th month of gains ...
  • Emerging Markets AUM From 0.4T To $11.2T In 25 Years
  • Chinese stocks in Hong Kong push past 11000 on insurer gains ...
  • China stocks extend gains, Hong Kong hits 25-month high
  • European equities lean on earnings to revive rally
  • Miners lift European equities
  • With oil prices, half a step is not enough
  • Sanctions On Venezuela Could Push Oil Into The Mid-$50s
  • Steel Price Forecast, July 2017: China Reduces Steel Capacity
  • What's Next for the Brazilian Steel Market?
  • Gold Price Chart: Find all the latest gold rate chart and news
  • Today Gold Price: Track today gold rate latest trends and news

    Best since the start of the week among various stock markets were BULGARIA +1.94%, PORTUGAL +1.25%, BRAZIL +1.16%, TRINIDAD AND TOBAGO +1.10%, VIETNAM +0.91%, HONG KONG +0.90%, DENMARK +0.88%, IRELAND +0.83%, POLAND +0.82%, SWITZERLAND +0.82%,

    While worst since the start of the week among various stock markets were NIGERIA -2.96%, BAHRAIN -1.80%, KUWAIT -1.78%, QATAR -1.78%, PERU -1.70%, EGYPT -1.64%, BANGLADESH -1.60%, GREECE -1.60%, ESTONIA -1.45%, ARGENTINA -1.38%,

    News

    Chose Your Country

    Best 10 Market Since the begining of the week


    BULGARIA 1.94%


  • French President Emmanuel Macron to Visit Bulgaria
  • Bulgarian Prime Minister to Visit Thessaloniki For a Bilateral Meeting ...
  • Bulgaria sees Jan-July fiscal surplus rising to 2.0 pct of GDP
  • Bulgarian Tourism Sector Forecasts 8.5% Growth in 2015
  • Bulgaria's population dropped by more than 51 000 in a year ...
  • Bulgaria's Exports to EU Grew 6% in Jan-Sept
  • Bulgaria sees Jan-July fiscal surplus rising to 2.0 pct of GDP
  • Bulgaria's Debt Grows by EUR 2.1238 in 2016

    PORTUGAL 1.25%


  • Portugal President Marcelo Rebelol honours The Aga Khan
  • Portuguese politics cripples EU agency bid
  • EU sees 'very impressive' economic progress
  • UPDATE 1-DBRS confirms Portugal investment-grade rating ...
  • Migrants Won't Solve Europe's Demographic Problem
  • Textile, clothing exports up 5%, beating 2020 sector target of €5bn
  • Portugal budget deficit narrows in first quarter
  • RPT-Portugal's bond with China: pioneering debt sale founded on ...

    BRAZIL 1.16%


  • Brazil's president faces congressional vote on his future
  • Nawaz Sharif's exit
  • Political turmoil expected to further impact Brazil's economic growth
  • JPMorgan Brazil Investment Trust Barely Underperforms Benchmark
  • The curious case of 217 million missing women in the Indian workforce
  • With GMO insect-resistant sugarcane approval, Brazilian farmers ...
  • Brazil Budget Gap Widens More Than Forecast as Revenue Falls
  • Brazil Debt, Consumption On Mend, BNP Says
    Econ events
    momenteventForecastConsensus
    2017-08-01Balance of Trade JUL$7B
    2017-08-01Markit Manufacturing PMI JUL51.5
    2017-08-01Industrial Production MoM JUN0.20%
    2017-08-01Industrial Production YoY JUN1.80%
    2017-08-03Markit Services PMI JUL49.4
    2017-08-03Markit Composite PMI JUL50.6
    2017-08-04New Car Registrations MoM JUL
    2017-08-04Car Production MoM JUL

    Companies that will report Today:
    CompanyCountrySectorReported
    Cielo SABRAZILInformation Technology8/1/2017
    Itau Unibanco Holding SABRAZILFinancials8/1/2017
    Porto Seguro SABRAZILFinancials8/1/2017

    TRINIDAD AND TOBAGO 1.10%


  • NYAC president: Emancipation not just a day or season
  • Keith Rowley's Glorious Moment
  • Forewarned, forearmed
  • Grenada celebrate 43 years of Independence
  • Once a Caribbean Success Story, Trinidad and Tobago Faces an ...
  • Gateway City/Trend: Fastest-growing trade partners rich with surprises
  • Trinidad And Tobago Budget Hikes Taxes
  • S&P: Trinidad & Tobago long-term ratings lowered on higher debt ...

    VIETNAM 0.91%


  • President Trump will award Medal of Honor to Vietnam combat ...
  • Mozambican Prime Minister to visit Vietnam
  • Vietnam's economic growth to out-tiger China by 2018: UBS report
  • Blue HK Investments strikes first Vietnam deal with $2.5m funding for ...
  • 4G network covers 95% of Vietnam's population
  • Vietnam's exports still going strong despite US protectionism
  • Vietnam's budget revenue surpasses target in 2016
  • The Vietnam Debt

    HONG KONG 0.90%


  • Hong Kong's economic growth set to slow
  • Hong Kong: Xi calls for unity in face of challenges
  • Hong Kong tycoons seeking UK investments must go with eyes wide ...
  • Hong Kong's economic growth set to slow
  • Forthcoming ASEAN-HK FTA to connect Myanmar with Belt and ...
  • Hong Kong home prices rise for 15th straight month to a record, but ...
  • China's debt levels worrying, says economist
  • New Hong Kong Tax Regime for Aircraft Leasing
  • China & Hong Kong Debt Downgrades: Why Markets Just Shrugged
    Econ events
    momenteventForecastConsensus
    2017-08-02Retail Sales YoY JUN1.50%
    2017-08-03Nikkei PMI JUL50.1

    Companies that will report Today:
    CompanyCountrySectorReported
    Lee & Man Paper Manufacturing LtdHONG KONGMaterials8/1/2017

    DENMARK 0.88%


  • What's Left to Sanction in North Korea?
  • Denmark makes official bid to lure EU agency from London
  • Sustainable development
  • African Infrastructure Investment Managers invests in Albatros ...
  • Start your meetings with a folk song — and other ideas from the ...
  • Telecom company 3 adds roaming-free China, Indonesia for Danes
  • How self-service technology is enhancing the guest experience
  • Denmark without foreign currency loans for the first time in 183 yrs
    Econ events
    momenteventForecastConsensus
    2017-08-01DILF Manufacturing PMI JUL59.4
    2017-08-02Foreign Exchange Reserves JUL

    IRELAND 0.83%


  • Good news if you want Michael D. Higgins to do a second term as ...
  • Brexit: Ireland's Prime Minister Leo Varadkar trying to 'keep door ...
  • Irish central bank raises growth estimates as Brexit fails to dent ...
  • Cork can create up to 15000 digital jobs by 2025
  • Ireland's population explodes with EU-high birth rate and joint ...
  • Threat to exports lifted as US drops key corporate tax proposal
  • Ireland to Slightly Increase Budget Space for 2018-Varadkar
  • Irish government debt four times pre-crisis level, NTMA says
    Econ events
    momenteventForecastConsensus
    2017-08-01Unemployment Rate JUL6.20%
    2017-08-01Investec Manufacturing PMI JUL55.8
    2017-08-03Investec Services PMI JUL57.4
    2017-08-04Industrial Production YoY JUN5.10%

    POLAND 0.82%


  • Poland's president to veto controversial laws on judges
  • Donald Tusk warns of 'bleak outcome' from Polish judiciary reform
  • Ukrainian immigrants are powering Poland's economy
  • Poland's investment declines at fastest pace in 6 years
  • Return migration can create boomerang effect
  • HSBC: Rapid growth forecast for Polish service exports
  • Poland's central budget posts surplus of 5.9 bln zlotys in H1
  • Details of Poland's debt supply for August
    Econ events
    momenteventForecastConsensus
    2017-07-31Inflation Rate MoM Flash JUL-0.10%
    2017-07-31Inflation Rate YoY Flash JUL1.40%
    2017-08-01Markit Manufacturing PMI JUL53
    2017-08-03Retail Sales MoM JUN0.30%

    SWITZERLAND 0.82%


  • Swiss Community: Swiss firms see RI as one of the most attractive ...
  • Theresa May set for three-week hiking trip to Italy and Switzerland
  • Switzerland benefits from European growth, internal changes
  • Switzerland's investment grows in CPEC related projects
  • At last year's growth rate Switzerland's population would double in ...
  • Who needs the EU? Switzerland provides glimpse of UK's future as ...
  • Negative interest pushes Switzerland's 2016 budget into positive ...
  • Switzerland shares financial experience with Kazakhstan
    Econ events
    momenteventForecastConsensus
    2017-08-02SVME Manufacturing PMI JUL59.9
    2017-08-02Retail Sales YoY JUN0.20%
    2017-08-02Retail Sales MoM JUN0.50%
    2017-08-02Consumer Confidence Q3-2

    Worst 10 Market Since Begining of the Week


    NIGERIA -2.96%


  • Buhari has been gone for months. The last Nigerian president ...
  • Pakistan's prime minister forced to resign over Panama Papers
  • OP-UNEDITED | Clean Energy: Analysis of Nigeria's Economic ...
  • Elumelu: All Arms of Govt Must Collaborate to Make Nigeria ...
  • Nigeria's population growth rate unsustainable – FG
  • Experts warn tanker earnings face a long road to recovery
  • Nigeria's budget deficit and borrowing strategies
  • DMO: Nigeria's Debt Burden Indicators May Deteriorate Without ...
    Econ events
    momenteventForecastConsensus
    2017-07-31Foreign Exchange Reserves JUL$ 30.6B
    2017-08-01Non Manufacturing PMI JUL54.3
    2017-08-01Manufacturing PMI JUL52.5
    2017-08-03Stanbic IBTC Bank Nigeria PMI JUL53.2

    BAHRAIN -1.80%


  • Education minister receives AGU president
  • King hails quartet meeting outcomes
  • Qatar crisis is back to square one as economy shows the strain
  • Etisalat Q2 earnings miss analyst forecasts on higher FX losses
  • India, Bahrain to Set up Joint Panel to Boost Ties
  • Debt burden to grow heavier for Bahrain if oil prices remain low ...
  • Bahrain's budget deficit hopes rest on oil
  • Moody's downgrades Bahrain to B1, maintains negative outlook

    KUWAIT -1.78%


  • Qatar budget deficit 'may fall to 5% of country's GDP'
  • Cisco appoints David Meads Vice President for Middle East, Africa
  • Kuwait seeks observer status at International Organization for ...
  • Interview: Faisal Awwad Al Khaldi
  • Why sovereign funds need to consider tech investments
  • The Man Using His Influence To Empower Kuwait's Youth
  • Beximco in milestone achievement with Kuwait exports
  • Kuwait's government finances to remain in surplus
  • Kuwait's debut sovereign bond sale draws more than $20bn in ...

    QATAR -1.78%


  • Turkish president meets Qatari leader over Gulf dispute
  • Qatar-Gulf crisis: All the latest updates
  • Qatar Crisis Is Back to Square One as Economy Shows the Strain
  • Revenue at London's Savoy hotel is virtually flat at 0.2%
  • Qatar's population hits annual low in June
  • Qatar: Gulf Dispute To Have Limited Impact On Oil, Gas Trade
  • Qatar budget deficit 'may fall to 5% of country's GDP'
  • Qatar debt rating downgraded by S&P as riyal hits 11-year low

    PERU -1.70%


  • Peruvian ex-president asks appeals court to free him from jail
  • Peru Teacher's Strike Enters 8th Week, New Round of Dialogue
  • Peru leader renews vow to boost economy after year of setbacks
  • Moody's highlights Peru investment attractiveness
  • Reportage: Peruvian National Day 2017
  • PERU: Exports Grow For The Eleventh Month In A Row
  • Rulfs Orchard expansion almost underway
  • Peru authorizes state-run oil firm to issue up to $2 billion in bonds

    EGYPT -1.64%


  • Egypt's president names top judge, risks backlash
  • Pakistani parliament to elect new PM on Tuesday
  • Egypt's economic growth to pick up slightly this fiscal year: Poll
  • African Markets - Factors to watch on July 17
  • CAPMAS: Egypt population reaches 93.33 million
  • Egypt agricultural exports up 12.1 pct in first half 2017
  • Egypt's Budget, Energy Price Rises Show Fiscal Commitment
  • Foreign Holdings of Egypt Debt Reach $7.5 Billion, Official Says
    Econ events
    momenteventForecastConsensus
    2017-07-31M2 Money Supply YoY JUN
    2017-08-02Foreign Exchange Reserves JUL$ 32.2B
    2017-08-03Emirates NBD PMI JUL47.4

    BANGLADESH -1.60%


  • BEF elects Kamran Rahman as new president
  • World now treats Bangladesh with honour: PM
  • ADB: Bangladesh growth beats forecasts
  • China-Bangladesh Investment Forum to be held in August
  • Bangladesh's population is its asset, not burden: Hasina
  • UPDATE 1-Bangladesh exports up 1.7 pct in 2016/17, slowest ...
  • Budget deficit one-fourth of total expense
  • BD may slip into 'debt crisis' shortly

    GREECE -1.60%


  • Readout of the Vice President's Call with Prime Minister of Greece ...
  • Greek debt crisis: 'People can't see any light at the end of any tunnel'
  • S&P's “Improved” Outlook On Greece: GDP Growth, Mountains Of ...
  • Fosun Spearheads China's Dominant Investments in Greece
  • Greece's Population to Shrink by 1.2 Million Until 2034
  • Exports of medicines the second biggest category for Greece
  • Greek Jan-June govt budget surplus beats target on lower spending
  • UPDATE: US dominates new money portion of Greece's debt sale

    ESTONIA -1.45%


  • Readout of the Vice President's Listening Session with Estonian ...
  • Readout of the Vice President's Meeting with Prime Minister of ...
  • GALLERY: US vice president visits Stenbock House, meets with Ratas
  • Lido to open 3rd restaurant in Tallinn
  • Three challenges to Estonia's development at the age of migration ...
  • Comparison of the Baltic States' exports
  • Estonia passes 2017 record level budget spending to bolster defense
  • Friday 26

    ARGENTINA -1.38%


  • Chancellor becomes first minister to visit Argentina in 16 years ...
  • Philip Hammond urged not to sell-out Falklands on historic visit to ...
  • Argentinian Growth: There's No Plan B for President Macri
  • Factbox: Foreign investments in Argentina during Macri's presidency
  • A third of Argentina's population live in poverty, according to the ...
  • Venezuela headed for double-digit contraction amid political crisis
  • UPDATE 1-Argentina beats 2016 fiscal goal with deficit of 4.6 pct of ...
  • Argentina files $12.5 billion debt shelf registration with SEC
    Econ events
    momenteventForecastConsensus
    2017-07-31Industrial Production YoY JUN2.40%
    2017-08-01Tax Revenue JULARS 250B

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