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Brent climbs towards $110, China data revives demand hopes LONDON: Brent crude futures rose towards $110 a barrel on Monday as data showing China's factory activity expanded at its quickest pace in five months in May revived hopes of healthy demand growth for the world's second-biggest oil consumer. The strong data reinforces views that China is regaining momentum in the second quarter and adds to a recent string of positive indicators from the United States that suggests an improvement in the global economic outlook. Brent gained 25 cents to $109.66 a barrel by 0800 GMT, after settling 56 cents down on Friday and ending the week 1 percent lower. US oil increased 43 cents to $103.14 a barrel, after ending the week 1.6 percent lower. "Prices are up on the back of buoyant Chinese manufacturing data," JBC analysts said in a note to clients. China's official Purchasing Managers' Index rose to 50.8 in May from April's 50.4, the National ...

Tokyo stocks close up 2.07pc at two-month high TOKYO: Tokyo stocks jumped 2.07 percent on Monday to close at a two-month high as the yen sank in currency trading and upbeat China manufacturing data boosted investor sentiment.The benchmark Nikkei 225 index added 303.54 points to finish at 14,935.92, its highest close since April 4. The Nikkei is still down about 8.0 percent on the year.The Topix index of all first-section shares climbed 1.59 percent, or 19.06 points, to 1,220.47. Upbeat China data boosted ...

NORWAY GAS: Flows drop to France, Britain on gas field outage OSLO: Norwegian gas exports fell on Monday morning from Friday's average, with deliveries to France dropping the most after Statoil reported a large outage on Sunday evening, data from gas system operator Gassco showed.Norway's Statoil said it would reduce natural gas output by 24.5 million cubic metres (mcm) on Monday, down by about a tenth from the country's output on Friday, due to an unplanned outage.While Statoil didn't name the field, the outage volume indicates ...

Gazprom pushes back Ukraine gas ultimatum to June 9 after payment MOSCOW: Russia's Gazprom has pushed back its ultimatum to Ukraine on imposing pre-payment for gas to June 9 after receiving part-payment of $786 million, Gazprom chief executive Alexei Miller said Monday."Ukraine has paid the first installment for gas supplies. Today $786 million (577 million euros) entered Gazprom's account," Miller was quoted as saying in a company statement. "We welcome Ukraine starting to pay back its debt and postpone the pre-payment regime until June 9."Copyright AFP ...

Oil prices rise after strong Chinese manufacturing data SINGAPORE: Oil prices rose in Asian trade Monday as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in demand in the world's top energy consumer. US benchmark, West Texas Intermediate (WTI) for delivery in July gained 57 cents to $103.28 a barrel while Brent North Sea crude for July was up 41 cents to stand at $109.82 a barrel in afternoon trade.Financial markets in Hong Kong, China, Taiwan and New Zealand are ...

US oil to end rebound around $103.14 SINGAPORE: US oil is expected to end its current weak rebound around resistance at $103.14 per barrel and then drop to support at $102.30, as a downtrend from the May 27 high of $104.50 has just started.The trend may eventually reverse a preceding uptrend from the May 1 low of $98.74. A Fibonacci retracement analysis on the uptrend reveals the resistance at $103.14 and support at $102.30, respectively the 23.6 percent and the 38.2 percent ...

Russian daily oil production down for fifth month in a row MOSCOW: Russian oil output edged down to 10.53 million barrels per day (bpd) in May from 10.54 million bpd in April, declining for the fifth month in a row in terms of daily production, Energy Ministry data showed on Monday. In tonnes, Russian oil output reached 44.535 million last month, versus 43.119 million in April. Copyright Reuters, 2014


Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln