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Stocks soar on surprise China rate cut NEW YORK: Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year, just a day after the European Central Bank signaled that it is ready to increase the scale of its stimulus measures. Shares across Asia, Europe and the Americas climbed, having already been boosted by Thursday's message from ECB chief Mario Draghi that the central bank was ready to adjust "the size, composition and duration" of its QE programme. Wall Street rallied, with the S&P 500 gaining 0.7 percent to reach its highest level since Aug. 20, which marked the beginning of a selloff initially sparked by weak data out of China.Technology shares rallied, led by gains in Alphabet , Amazon and Microsoft, after the three companies reported results.The former two hit new records, while Microsoft rose to a 15-year high. The Dow Jones industrial average rose 109.6 points, or 0.63 percent, ...

US crude oil stocks jump by 7.6mn barrels, most since April: EIA NEW YORK: US crude stocks surged by 7.6 million barrels last week, the largest build since April, while gasoline and distillate inventories fell, data from the Energy Information Administration (EIA) showed on Thursday.Crude inventories rose by 7.6 million barrels to 468.56 million barrels last week, compared with analysts' expectations for an increase of 2.8 million barrels.The rise posted by the EIA was not as large as the 9.4 million-barrel jump reported on Tuesday by industry ...
Oil ends down for 4th day, hit by big US crude build NEW YORK: Oil prices fell on Thursday after the US government reported a larger-than-expected crude stockpile build, leaving prices lower for a fourth straight day.Oil settled off the day's lows after tracking a rally in share prices on Wall Street. U.S. crude continued its recovery in post-settlement trade, turning positive.A bigger-than-expected drawdown in gasoline supplies had also limited the downside for crude, some analysts said."We were trading according to supply-demand fundamentals. But toward the close, ...
Oil ends down again; global glut offsets US output drop NEW YORK: Oil closed down on Wednesday and extended losses in post-settlement trade as worries about a growing supply glut kept crude under pressure this week, offsettting recent views that declining U.S. production would buoy prices.Crude futures have lost more than 6 percent since a report on Monday that OPEC pumped 110,000 barrels per day (bpd) more in September than in August, and nearly 2 million bpd above demand forecast for 2015.Oil rallied sharply in ...
US oil to fall to $46.44 SINGAPORE: US oil is expected to fall to $46.44, as it has broken a support at $48.13 per barrel.The support was identified as the 38.2 percent Fibonacci projection level of an upward wave C, the third wave of a three-wave cycle from the Aug. 24 low of $37.75.The next support will be at $46.44, the 23.6 percent level, around which the current correction may end as the wave C may eventually travel to $55.29, the ...
Oil surges to settle at 3-month high on bullish outlook NEW YORK: Oil prices climbed to their highest in three months on Thursday after a closely watched oil forecaster predicted prices would climb to $75 over the next two years, adding to early gains notched after a rally in Chinese stocks worries about Syria.PIRA Energy Group, a closely watched forecaster that predicted the collapse in oil prices a year ago, said it sees crude prices at $70 per barrel by the end of 2016 and ...
Oil rallies on upbeat OPEC demand growth outlook NEW YORK: The oil market scored a strong rally Thursday, lifted by upbeat comments on the demand growth outlook from the head of the OPEC cartel of crude producers.US benchmark West Texas Intermediate for delivery in November leaped $1.63 to $49.43 a barrel on the New York Mercantile Exchange.Brent North Sea crude for delivery in November, the crude-oil global benchmark, finished at $53.20 a barrel in London, a gain of $1.72 from Wednesday's close.It was ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln