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European shares rally for second day LONDON: Europe's main stock markets rallied further on Wednesday in the wake of positive US economic data but gold prices hit fresh low points amid concern over a Chinese credit crunch.London's FTSE 100 index of leading shares rose 1.05 percent to stand at 6,166.01 points in late morning deals. Frankfurt's DAX 30 index grew 1.58 percent to 7,934.99 points and in Paris the CAC 40 jumped 1.89 percent to 3,718.79.Madrid's main index surged 2.36 percent and Milan advanced by 1.97 percent in value. The Bank of Spain said on Wednesday that Spain's job-destroying recession was set to ease in the second quarter of 2013, adding its voice to an optimistic chorus emerging from the government."Investor sentiment has received a big boost from the strong figures out of the US," said Craig Erlam, market analyst at Alpari traders.In foreign exchange trading, the European single currency fell to $1.3038 from $1.3083 late ...

Soybeans fall, corn firm ahead of US crop report HAMBURG: US soybeans fell for the first time in three sessions on Wednesday, while corn firmed after four sessions of losses, as traders adjusted positions before this week's US Department of Agriculture (USDA) mid-year crop report.Wheat was also slightly stronger, shrugging off previous downward pressure from talk of larger yields as the US harvest advances.Traders remain wary of open positions ahead of the global attention to be given to the mid-year USDA sowing area and ...
ICE cotton stems slide as China concerns ease, equities rally NEW YORK: Cotton futures made gains on Tuesday after six down sessions, lifted by strong US economic data and less fear about the economic health of China, the world's top textile market.The most-active December cotton contract on ICE Futures US closed up 1.77 cents, or 2.1 percent, at 84.95 cents per lb.Global financial markets rose amid better-than-expected US economic data and easing concern about the Chinese economy after the country's central bank soothed fears over ...
Copper gains on China cenbank assurance; gold down NEW YORK: Copper closed higher on Tuesday, recovering from a three-year low earlier in the day, as China's central bank sought to soothe fears of a credit crunch in the world's top metals consumer, while oil finished flat and gold fell amid a stronger dollar.Crop prices mostly rose.Cocoa finished higher as it found technical support a day after hitting a 2-1/2-month low. Raw sugar edged up for a third straight day, underpinned by unfavorable harvest ...
US cash crude differentials weaker on third day of roll trade NEW YORK: Most cash crude differentials in the United States weakened on Tuesday, the third day of the "roll" period in the cash market, while the transatlantic spread between Brent and US crude futures narrowed, traders and brokers said.The roll is the three-day period after the expiration of a front-month US light sweet crude contract. The front-month US July crude contract expired on Thursday.Trading was light as market participants wrapped up July purchases and sales, ...
Gold slips as robust data boosts dollar NEW YORK/LONDON: Gold eased on Tuesday as a raft of positive US housing and consumer confidence data lifted the dollar for a fifth straight session and reinforced expectations the Federal Reserve could rein in its monetary stimulus program in the next few months.Investors resumed selling gold and continued their shift to equities and other more risky assets after better-than-expected durable goods data mid-morning in New York.Prices hit an intraday low of $1,271.31 per ounce following ...
Oil ends flat in thin trade, Brent/WTI spread narrows NEW YORK: Crude oil prices ended near flat in a sluggish day of trading on Tuesday as stronger equity markets put a floor under prices and Brent's premium over US crude slid below $6.Some trading was attributed to squaring positions as traders bought contracts to cover short bets made on Monday as prices dropped to a three-week low, said Gene McGillian, analyst with Tradition Energy in Stamford, Connecticut.Oil prices bounced slightly off a three-day rout ...


Index Closing Chg%
Arrow DJIA 17,719.00 0.19
Arrow Nasdaq 4,701.87 0.56
Arrow S&P 2,052.75 0.20
Arrow FTSE 6,678.90 0.26
Arrow DAX 9,483.97 0.12
Arrow CAC-40 4,234.21 0.75
Arrow Nikkei 17,300.86 0.07
Arrow H.Seng 23,349.64 0.10
Arrow Sensex 28,067.56 0.12

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln