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European stocks continue rally LONDON: Europe's main stock markets firmed on Tuesday, continuing a rally sparked by dovish comments from the head of the ECB last week ahead of the announcement of France's new government.In Paris the CAC 40 jumped 1.18 percent to 4,393.41 points, just hours before the expected announcement of a new government.Frankfurt's main DAX index added 0.82 percent to close at 9,588.15 points. In London, the FTSE 100 index gained 0.70 percent compared to Friday's close after a public holiday, ending on 6,822.76 points."Global markets extended gains on a combination of bullish US data and expectations of looser ECB policy saw stock indices on both sides of the Atlantic edge higher," said Kash Kamal at Sucden Financial."The risk on mood was supported by stronger than anticipated data coming out of the US today with durable goods orders, consumer confidence and the Richmond Fed manufacturing index all exceeding estimates."Tuesday's gains added to ...

North Sea Crude: Differentials fall as Atlantic glut slow to shift LONDON: North Sea crude oil differentials fell in active dealing on Tuesday on signs that a glut of crude oil in the Atlantic basin, which has depressed prices to multi-year lows, may not be easily cleared by shipments to Asia. Differentials fell as a planned 2 million barrel shipment to Asia was cancelled and despite a stoppage at the major Buzzard field, the biggest contributor to the Forties crude stream.Nexen, operator of the Buzzard field, ...

Urals stronger in Med; Baltic seen tight in early Sept LONDON: Russian Urals crude prices in the Mediterranean strengthened slightly on Tuesday as traders said the final loading plan for September looked lower than expected in the south and tight for the first part of September in the Baltic.In the Platts window, Litasco bid for a 80,000-tonne Aframax tanker in the Mediterranean at dated Brent minus $1.05 a barrel, some 5 cents stronger than previous price estimates, but found no sellers, traders said. Russia is ...

EU carbon prices slip on weak auction demand LONDON: European Union carbon prices dipped on Tuesday in a thinly traded market, weighed down by weak demand in an auction of carbon permits.Front-year EU Allowance (EUA) futures closed at 6.33 euros ($8.35), down 2 cents on Monday's settlement. "There isn't much interest from utilities over the summer months and you can see from the auction result there is a lack of demand for permits at the moment," a carbon trader said.The European Union sold ...

Brent rises above $103 after US consumer data LONDON: Brent crude rose over $103 a barrel on Tuesday as bullish U.S. consumer data overshadowed the effect of persistent supply pressure and weak economic data in most countries that are major users.The benchmark is headed for a second straight monthly decline in August as slow growth in China and Europe has curbed oil demand and led to a supply glut in the Atlantic Basin, offsetting the impact on prices from world political tensions.Brent crude ...

Oil prices climb on tensions LONDON: Oil rose on Tuesday on geopolitical tensions in crude producers Iraq and Libya as well as Ukraine, a key conduit for Russian gas exports to Europe, dealers said.However, market gains were capped by ongoing jitters over abundant crude supplies and weak demand amid poor global economic data.Brent North Sea crude for October added 19 cents to stand at $102.84 per barrel in midday London deals.US benchmark West Texas Intermediate for October delivery gained 25 ...

UK gas prices up as cool weather, low Norway flows leave system short LONDON: British wholesale natural gas and power prices rose on Tuesday morning as relatively cold weather and low imports from Norway left the system undersupplied.Gas prices for delivery within Tuesday as well as for use on Wednesday were both trading at 43.50 pence per therm at 0830 GMT on Tuesday, up 1.5 pence since their last close, and power prices for baseload (24 hours) delivery on Wednesday were up 1.5 pounds per megawatt-hour (MWh) to ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,819.75 0.20
Arrow DAX 9,470.17 0.08
Arrow CAC-40 4,381.04 0.34
Arrow Nikkei 15,424.59 0.23
Arrow H.Seng 24,742.06 0.01
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln