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October 6, 2017

Best 15 Markets Yesterday

CountryChangePct
ZIMBABWE2.72
SPAIN2.28
AUSTRIA1.34
COLOMBIA1.26
ARGENTINA1.03
JAMAICA0.79
TAIWAN0.77
VIETNAM0.66
PERU0.63
BELGIUM0.61
SINGAPORE0.60
RUSSIA0.56
USA0.56
NIGERIA0.52
KUWAIT0.50

Worst 15 Markets Yesterday

CountryChangePct
GREECE-1.44
ESTONIA-1.39
BULGARIA-1.35
IRELAND-1.10
NEW ZEALAND-0.86
GHANA-0.85
INDONESIA-0.75
UKRAINE-0.73
LEBANON-0.71
LITHUANIA-0.70
AUSTRALIA-0.70
PHILIPPINES-0.66
SWITZERLAND-0.59
KAZAKHSTAN-0.55
MOROCCO-0.54

Best 10 Markets YTD

CountryChangePct
ZIMBABWE276.61
GHANA70.81
ARGENTINA66.99
JAMAICA53.38
AUSTRIA46.32
CHINA45.49
POLAND43.29
CHILE35.97
KAZAKHSTAN32.68
KOREA31.70

Worst 10 Markets YTD

CountryChangePct
PAKISTAN-26.58
QATAR-20.39
OMAN-11.12
LEBANON-8.72
BOTSWANA-7.69
ISRAEL-4.81
JORDAN-2.71
RUSSIA-2.10
NEW ZEALAND3.07
SAUDI ARABIA DOMESTIC3.09

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE460.09
JAMAICA81.27
GHANA55.04
AUSTRIA54.28
POLAND43.85
BULGARIA41.77
ARGENTINA41.71
KUWAIT40.96
ITALY39.89
PERU39.31

Worst 10 Markets Last 12 months

CountryChangePct
EGYPT-26.45
QATAR-19.31
BOTSWANA-18.38
PAKISTAN-17.69
ISRAEL-13.30
OMAN-8.13
NEW ZEALAND-4.13
TRINIDAD AND TOBAGO-1.74
LEBANON-1.16
TUNISIA-0.04

Country USD Yields and Week Changes

CountryAverage YieldYield Average WkChange % pts
Jordan6.040.25
Tunisia6.240.24
Venezuela33.570.24
Nigeria6.930.23
Sri Lanka4.810.23
Ukraine6.800.17
Egypt5.830.14
Romania3.370.11
Kazakhstan4.440.11
Croatia (Hrvatska)3.080.09
Pakistan5.050.09
Lebanon6.590.08
Indonesia3.790.08
South Africa4.980.08
Slovak Republic2.350.08
Morocco3.000.08
Paraguay5.260.08
Mongolia5.800.08
Turkey4.890.07
Argentina6.070.07
Panama3.270.07
Poland2.580.07
Philippines3.250.06
Serbia3.040.06
Kenya6.520.06
India3.630.05
Peru3.980.04
Jamaica5.650.04
Russian Federation3.990.04
Uruguay3.800.04
Lithuania2.290.03
Hungary2.910.03
China2.950.02
Cote D'Ivoire (Ivory Coast)6.120.02
Trinidad and Tobago4.380.02
Malaysia3.380.02
Colombia3.890.01
Chile3.650.01
Senegal5.960.01
Oman4.710.00
United States1.020.00
Angola8.320.00
Mexico4.180.00
Brazil4.62-0.01
Bolivia4.83-0.02
Vietnam3.72-0.02
Azerbaijan4.79-0.02
Costa Rica5.87-0.03
Dominican Republic4.83-0.04
Ethiopia6.21-0.06
Ghana6.89-0.12
Ecuador8.16-0.12
Gabon6.90-0.18
Zambia7.45-0.19
Iraq7.04-0.19
El Salvador7.37-0.38

Chart: Brazil, Russia local markets are close to all time high. But in US dollar terms there is still some catch up to do.

All it would take is a weaker dollar For the gap between local and dollar Equity prices to catch up

Source: ML

Download file in Power Point


Comment

Weekly performance is between 2017-10-05 and 2017-09-29

Best global markets week to date EM LATIN AMERICA +2.86%, EFM ASIA +2.00%, EM (EMERGING MARKETS) +1.94%,

While worst global markets week to date EUROPE -0.14%, USA 1.29%, FM (FRONTIER MARKETS) 1.71%,
  • Asian markets rally as US stocks continue record-setting streak
  • Monthly Paid Dividends From US Equities And Funds Loom Larger ...
  • Emerging markets have become more resilient
  • Defining emerging markets
  • Chinese stocks in Hong Kong rise on RRR cut, manufacturing data
  • China's tech stocks are partying like it's 1999
  • Why now is an 'ideal time' to buy European stocks — and especially ...
  • Can a Macron-Merkel axis reignite European equities?
  • Oil Prices May Hit $60 By End Of 2017
  • The Trillion Dollar Market That Stopped Chasing Profits
  • Steel Price Outlook Rosy on the Back of Global Recovery, China Cuts
  • TURKEY FLAT STEEL WRAP: Prices rise on global upturn in ...
  • Gold Price Meanders With US Dollar
  • Gold Prices Rise for UK + Euro Investors as Catalan Banks Look for ...

    Best since the start of the week among various stock markets were ZIMBABWE +10.46%, BRAZIL +4.19%, CHILE +4.07%, JAMAICA +3.82%, ARGENTINA +3.64%, CHINA +3.59%, KUWAIT +3.47%, OMAN +3.31%, PERU +3.31%, MOROCCO +2.42%,

    While worst since the start of the week among various stock markets were PAKISTAN -4.86%, GREECE -4.07%, UKRAINE -3.74%, BULGARIA -3.39%, ESTONIA -3.08%, EGYPT -2.90%, QATAR -2.68%, SPAIN -2.64%, NEW ZEALAND -2.09%, ISRAEL -1.87%,

    News

    Chose Your Country

    Best 10 Market Since the begining of the week


    ZIMBABWE 10.46%

  • macro bonds quick news
  • Zimbabwe President Robert Mugabe Watches as His Wife's Dirty ...
  • Zimbabwe's Tsvangirai discharged from SA hospital
  • Zimbabwe: 'Zim Has Potential for Economic Growth'
  • Khaya Moyo on economic growth policies
  • Zim's Aids-emergency ruling wins support
  • Export volumes increase
  • Zimbabwe budget deficit rose to $1.4 billion in 2016
  • Govt works on AirZim debt takeover

    BRAZIL 4.19%

  • macro strategy bonds quick news
  • President of Brazilian Olympic Committee, Carlos Nuzman, arrested
  • One of Italy's most wanted fugitives detained in Brazil after 30 years ...
  • EMERGING MARKETS-Brazil stocks hit all-time high on economic ...
  • JPMorgan Brazil Investment Trust PLC (JPB) Moved Up 0.09% on ...
  • There's a 'war between two food systems' — and the big food ...
  • Brazilian Balance of Trade Hits record $5.178 billion Surplus in ...
  • Brazil sells dam operating licenses for $3.8 billion to foreign bidders
  • BRAZIL: Economists Raise Estimate For 2017 GDP To 0.70%
    Econ events
    momenteventForecastConsensus
    2017-10-06New Car Registrations MoM SEP
    2017-10-06Car Production MoM SEP
    2017-10-06Inflation Rate MoM SEP0.24
    2017-10-06Inflation Rate YoY SEP2.70%

    CHILE 4.07%

  • macro strategy bonds quick news
  • Chile's President reaffirms commitment to marine conservation
  • Canada Wants a "Progressive" NAFTA to Promote Agenda 21/2030
  • Chile economic activity up in 2.4pc in August
  • Copper Won't Lead Chile's Investment Recovery
  • Transelec And SunPower Finalize Acquisition Of Switchyard ...
  • How the 'tyranny of distance' affects the Australian economy
  • Chile 2018 budget proposal allows for $8.5 bln in debt -document
  • Chile minister pledges lower 2018 fiscal deficit
    Econ events
    momenteventForecastConsensus
    2017-10-05IMACEC Economic Activity YoY AUG
    2017-10-06Balance of Trade SEP
    2017-10-06Imports SEP
    2017-10-06Exports SEP
    2017-10-06Inflation Rate MoM SEP0.18%
    2017-10-06Inflation Rate YoY SEP2.20%
    2017-10-06Core Inflation Rate MoM SEP

    JAMAICA 3.82%

  • macro bonds quick news
  • Jamaica Howard University Alumni Association Launched
  • Misleading Headline Sparks Row Between Jamaica's Press ...
  • Jamaica looks to broaden economic growth through tourism ...
  • JAMPRO and BOJ Governor promotes Jamaica in London
  • Jamaica ageing
  • Jamaica rum exports projected to grow
  • Property tax: what's the problem?
  • Briefing | Climb of Jamaica's foreign currency debt cause for concern

    ARGENTINA 3.64%

  • macro strategy bonds quick news
  • In Brazil and Argentina, Politics Picks Up Where the Left Left Off
  • King Cash Isn't Easily Dethroned in Macri's New Argentina
  • Moody's Expects Argentine Economy to Grow 3% in 2017
  • Resetting relations with the provinces
  • Resetting relations with the provinces
  • China-Argentina ties have room to grow, say experts
  • Argentina's Budget Predicts 3.5% Economic Growth Next Year
  • Argentina refinances $1 bln in maturing treasury notes

    CHINA 3.59%

  • macro strategy bonds quick news
  • China president tightens grip on power weeks ahead of congress
  • How China and North Korea Are Helping The Prime Minister Keep ...
  • World Bank raises 2017, 2018 East Asia growth forecasts, sees ...
  • China investment growth hits 18-year low
  • Why We Shouldn't Be Content With India's Falling Population ...
  • China August imports beat expectations, but exports disappoint
  • Using performance indicators for governing
  • Beijing effort and inflation push China debt load down
    Econ events
    momenteventForecastConsensus
    2017-10-05Foreign Exchange Reserves SEP$ 447.8B
    2017-10-06Wholesale Prices YoY SEP2%
    2017-10-06Inflation Rate MoM SEP-0.01%
    2017-10-06Inflation Rate YoY SEP1.10%
    2017-10-07Foreign Exchange Reserves SEP$ 3094.9B

    KUWAIT 3.47%

  • macro strategy bonds quick news
  • Remarks by President Trump and Emir Sabah al-Ahmed al-Jaber al ...
  • Kuwait to host donors conference on rebuilding Iraq, Prime Minister ...
  • India Cental Bank cuts growth forecast amid slowdown
  • Strong banking sector to support credit growth
  • 73% of Kuwait population have bank accounts: CBK chief
  • Beximco in milestone achievement with Kuwait exports
  • Qatar-Kuwait trade set to grow: Doha Bank
  • Kuwait likely to approve law to enable 30-year bond issues –official

    OMAN 3.31%

  • macro strategy bonds quick news
  • More Omani doctors needed, says Oman Medical Association ...
  • Fahd welcomes Nepal prime minister
  • Labour shortage expected to hit Russia's potential economic growth
  • Ominvest to issue bonds
  • Qatar's population jumps back up after the summer lull
  • Oman exports 25m barrels of crude oil
  • Deep cuts: Oman's budget austerity not tough enough, says ratings ...
  • S&P cuts Oman debt to junk as cheap oil shrinks external reserves

    PERU 3.31%

  • macro strategy bonds quick news
  • A Guide to the Fight Between Peru's President and Congress
  • Peru loses its prime minister. What next?
  • EMERGING MARKETS-Brazil stocks hit all-time high on economic ...
  • Peru's Kuczynski says corruption scandal slowing investment
  • Floods Hit Peru's Economy: Trouble on the Horizon?
  • Peru's exports total over US$27.4 bn as at August 2017
  • Rulfs Orchard expansion almost underway
  • Thunderbird Resorts 2017 Half-Year (Semi-Annual) Report Filed

    MOROCCO 2.42%

  • macro bonds quick news
  • French President Macron to Visit Morocco in Early 2018
  • French Prime Minister likely to visit Morocco in November
  • Morocco's economic growth to jump to 4.3 pct in 2017: central bank
  • Morocco wants to build a new city from scratch—with China's help
  • Morocco: Reducing Gender Inequality Can Boost Growth
  • Morocco exports boosted by shipping route update
  • Morocco Cabinet Wins Parliamentary Backing, Set to Review Budget
  • Qatar Offers Visa-Free Entrance to 80 Countries, Morocco Not ...

    Worst 10 Market Since Begining of the Week


    PAKISTAN -4.86%

  • macro strategy bonds quick news
  • Becoming Pakistan's president could be Imran Khan's biggest test yet
  • Former Pakistani Prime Minister's Indictment Postponed
  • 'With Chinese help, loadshedding reduced to two hours aday in ...
  • Pak fiscal, external sector vulnerabilities reappear: ADB
  • 'A disaster in the making': Pakistan's population surges to 207.7 million
  • Value Added Sector Behind Pakistan's Exports Upsurge
  • Pakistan Budget 2017-18: Total budget outlay is Rs 4.7 Trillion
  • Finance Division takes exception to news on 'debt trap'

    GREECE -4.07%

  • macro strategy bonds quick news
  • Greek president: All Balkan countries belong in the European Union
  • Leaders Of Bulgaria, Greece, Romania Back Serbia's EU Membership
  • 'Resurgent' Greece catches BlackRock's eye
  • Canadian mining firm threatens to suspend Greece investment
  • Births increased, deaths decreased in Greece last year
  • The transatlantic meaning of Donald Trump: a US-EU Power Audit
  • Fiscal Hole of 1.7 Billion Euros Appears in Greece's Budget
  • Macron LASHES OUT at IMF: No place for meddling fund in Europe ...

    UKRAINE -3.74%

  • macro strategy bonds quick news
  • Ex-Georgian President Saakashvili applies for asylum in Ukraine
  • How Ukraine Can Avoid a Perfect Financial Storm
  • Deputy Economic Development Minister Nefyodov: Ukraine should ...
  • Alexander Markus: Ukraine investment boom starting
  • Ukrainian Language Bill Facing Barrage Of Criticism From Minorities ...
  • The Last Hurdle for Ukraine's Recovery
  • The Spider and the Fly: Kiev-US Coal Deal to 'Bleed Ukraine's ...
  • Ukraine government sees 2018 external borrowing at $3 billion

    BULGARIA -3.39%

  • macro bonds quick news
  • Bulgaria's President Sent Back Nomination for Supreme ...
  • Bulgarian, Romanian prime ministers open new border checkpoint ...
  • Apple's Siri confuses Bulgaria's national anthem for Justin Bieber hit ...
  • Bulgarian Tourism Sector Forecasts 8.5% Growth in 2015
  • Bulgaria's population dropped by more than 51 000 in a year ...
  • Bulgaria's exports in 2016 were five per cent higher than in 2015 ...
  • Bulgaria expects fiscal surplus of 2.4 pct at the end of September
  • Bulgaria's Debt At BGN 23.048 B

    ESTONIA -3.08%

  • macro bonds quick news
  • The Baltic Times: Estonian president: Catalans' situation not ...
  • Estonian Prime Minister to Juncker: Europe needs bold ideas
  • Nordea raises Estonia's economic growth forecast to 3.3 percent
  • Is This Tiny European Nation a Preview of Our Tech Future?
  • Report: Estonia unable to maintain population size without immigration
  • In July, imports in Estonia grew by 9%, exports by 6%
  • Estonia passes 2017 record level budget spending to bolster defense
  • Estonia's 2016 current account surplus was biggest since regaining ...

    EGYPT -2.90%

  • macro strategy bonds quick news
  • The dancing, beer-drinking woman who would be Egypt's next ...
  • Population Growth Egypt's 'Biggest Challenge': Prime Minister
  • Africa achieved only 1.7% economic growth in 2016: UN
  • Egypt- Investment Minister signs 8 economic cooperation ...
  • Egypt's population stands at nearly 95 million
  • Egypt's economic reforms necessary engines of growth: Chinese ...
  • Egypt's fiscal progress falls short of IMF goals: Capital Economics
  • Egypt's Debt Is No Longer EM's Juiciest Amid Rush to Buy

    QATAR -2.68%

  • macro strategy bonds quick news
  • Trump pushing Afghan president to close Taliban office in Qatar ...
  • Prime Minister reviews Ashghal projects
  • Qatar: Economic Growth Slowed In Q2
  • The rise of Qatar: An economic success story
  • Qatar's population jumps back up after the summer lull
  • Australia's gas exports set to surge as new projects come on tap
  • Qatar-Kuwait trade set to grow: Doha Bank
  • Qatar debt rating downgraded by S&P as riyal hits 11-year low

    SPAIN -2.64%

  • macro strategy bonds quick news
  • Catalan president accuses Spanish king of being government ...
  • Trump kept calling the prime minister of Spain 'president'
  • Catalonia vs. Spain: Here's what could happen next
  • S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions
  • Catalan conundrum puts EU in a bind
  • Italy and Spain's exports compared in 5 charts
  • 'Catalexit' Is More Devastating to the Eurozone Than 'Grexit'
  • S&P Retains Spain's Debt Rating, Warns of Catalonia Tensions
    Econ events
    momenteventForecastConsensus
    2017-10-0510-Year Obligacion Auction
    2017-10-055-Year Bonos Auction
    2017-10-053-Year Bonos Auction
    2017-10-06Industrial Production YoY AUG2.82%

    NEW ZEALAND -2.09%

  • macro strategy bonds quick news
  • President Higgins starts 24-day visit to Australia and New Zealand
  • Samoan PM transferred to New Zealand for medical treatment
  • New Zealand's operating surplus higher than expected for this fiscal ...
  • First NZ Capital makes case for Summerset, Metlifecare merge
  • New Zealand needs to 'take charge' of immigration - expert
  • Business supporters acknowledged at awards dinner
  • New Zealand Budget Surplus Exceeds Expectations
  • NZ Govt Bond Tender #616; weighted average yield accepted rises ...

    ISRAEL -1.87%

  • macro strategy bonds quick news
  • Readout of President Donald J. Trump's Meeting with Prime Minister ...
  • Israeli Prime Minister pledges new West Bank housing annexed to ...
  • Israel revises down second-quarter economic growth as imports rise
  • The “Smart Society” of the Future Doesn't Look Like Science Fiction
  • Israel's population tops 8.7 million on Rosh Hashanah eve
  • Israel's exports up 6% in first half of 2017
  • Israeli lawmakers approve nearly 1 trillion shekel 2017-18 budget
  • Israel debt slips for seventh straight year to 62.2 percent of GDP

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