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LONDON: British government bonds rallied modestly on Tuesday after a solid sale of 7-year debt and weak British manufacturing data, but gains were limited by stronger US figures and the large sum of gilts investors tried to offload to the Bank of England. Gilt futures finished the session just 8 ticks up on the day at 115.69, well off the session high of 116.21, which had been reached courtesy of a weaker than expected manufacturing PMI reading and surprisingly solid demand at a sale of 3.75 billion pounds ($6 billion) of 7-year gilts. Investors had feared might the sale might be a struggle due to major continental European markets being closed, and the futures volume was low, with fewer than 70,000 contracts traded by 1600 GMT. Gilts fell off their session high after the BoE said it was offered some 4.3 billion pounds of gilts at its last buyback of gilts with maturities ...

TOKYO: Treasury prices were steady in Asia on Tuesday, holding gains made overnight on concerns about slowing US growth and economic weakness in Europe. Activity was expected to remain thin on Tuesday, with most markets in Asia and Europe closed to mark May Day holidays. Japanese markets were shut on Monday and will be off again on Thursday and Friday for the Golden Week series of holidays. Data released on Monday raised questions about the strength of ...
NEW YORK/LONDON: The Standard & Poor's credit downgrade of Spain last week should have little immediate impact on US money markets, although further downgrades co uld pressure investors to sell Spanish debt, a J.P. Morgan Securities strategist said on Monday. Following its downgrade of Spain's rating by two notches last week, ratings agency S&P on Monday downgraded 11 Spanish banks and warned a further five that their ratings could also be cut. The downgrade of Spain's sovereign ...
NEW YORK: US government debt prices rose on Monday as anxiety over economic weakness in Europe and slowing growth in the United States led investors to favor lower-risk investments over stocks and other risky assets. A weaker-than-expected private report on business activities in the Chicago region in April fueled jitters that the world's biggest economy is experiencing a spring deceleration for a third straight year, which could trigger another round of large scale bond purchase from ...
LONDON: US Treasury prices were broadly steady on Monday in European trading, with investors looking to a bout of important manufacturing and jobs data this week for further insight into the health of the world's largest economy. Ten-year US government bond yields were steady at 1.94 percent and were seen stuck in a 1.9 to 2.0 percent range over the near-term. Liquidity was thinned by public holidays in Japan and China on Monday, with the euro ...
LONDON: Benchmark interbank lending rates set a new 22-month low on Friday, held down by the European Central Bank's flood of cheap cash, but Spanish and Italian banks could face higher funding costs in the private repo market if their bonds remain under pressure. The ECB's 1 trillion euros of ultra-cheap, three-year funding to banks, started at the end of December, has driven interbank rates to half of what they were last August. But investors remained defensive ...
MILAN: Italy's borrowing costs rose in an auction of five and 10 year bonds on Friday that raised six billion euros ($8.0 billion), amid tensions after a two-notch downgrade in Spain's sovereign debt rating. The rate on bonds due in five years rose to 4.86 percent and the 10-year rate hit 5.84 percent compared to rates of 4.18 percent and 5.24 percent registered in a similar auction last month. Dow Jones Newswires contributed to this report Copyright AFP ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln