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European stock markets drop, banks in focus LONDON: European stock markets retreated on Wednesday after two days of strong gains, while the euro briefly hit a one-year low against the dollar as markets focused on central bank action.By mid-afternoon, London's benchmark FTSE 100 index was down 0.49 percent to 6,746.24 points.Frankfurt's DAX 30 dropped 0.75 percent to 9,264.11 points and in Paris the CAC 40 index lost 0.72 percent to 4,223.88 compared with Tuesday's close, as traders banked recent profits.Five minutes into trading, the Dow Jones Industrial Average dropped 14.70 points (0.09 percent) to 16,904.89.The broad-based S&P 500 lost 2.46 (0.12 percent) at 1,979.14 while the tech-rich Nasdaq Composite declined 6.40 (0.14 percent) to 4,521.12.Europe's main indices had finished higher on Tuesday, extending the previous day's surge as easing fears about the Ukraine crisis fuelled investor optimism ahead of a speech by the head of the US Federal Reserve.On Wednesday, the euro dropped to $1.3285 in early ...

Thai SET index hits 1,550; Indonesia over 14-month high BANGKOK: Southeast Asia stock markets rose on Wednesday, in line with other Asian stock markets, with Thai benchmark topping its psychological mark of 1,550, a day before the nomination of a new Prime Minister, and Indonesia hitting an over 14-month high.Gains in Bangkok were led by tourism stocks including airport operator Airports of Thailand Pcl and home builder Land & Houses Pcl, with brokers citing optimism around improved outlook of local economy and political situation."The ...

India's NSE index retreats from record high on profit-taking MUMBAI: India's NSE index edged lower on Wednesday, unable to sustain a rally after hitting a third consecutive record high earlier in session as investors took profits in blue-chips such as Oil and Natural Gas Corp .The falls ended a six-day rally, the longest winning streak since an eight-session run in mid-July.Falls also tracked lower global stocks ahead of minutes from the US Federal Reserve's July policy meeting and the Jackson Hole gathering of central ...

FTSE retreats from 3-week high, ‘ex-div’ firms weigh LONDON: Britain's blue-chip share index fell from a three-week high on Wednesday, halting a five-day winning run, with companies trading without the attraction of their latest dividend putting pressure on the broader market.The effect of several major companies, including HSBC , Mondi and British American Tobacco, going "ex-dividend" took about 11 points off the FTSE 100 index . Their shares fell 0.9 to 2.2 percent.The benchmark index was down 0.4 percent, or 27.42 points, at ...

Sri Lanka bourse edges up on banks; low interest rates COLOMBO: Sri Lankan stocks rose on Wednesday, hovering near three-year highs, led by bank and finance companies as low interest rates and earning hopes helped boost appetite for risky assets despite an overbought market.The main stock index ended up 0.27 percent, or 18.51 points, at 6,999.97, its highest close since Sept. 9, 2011.The index has gained 18.4 percent so far this year."Mostly its retail activity today. There was some interest in banking and finance sectors ...

Asian shares edge higher ahead of US Fed chief's speech HONG KONG: Asian shares mostly edged higher Wednesday following a positive lead from Wall Street, where stocks picked up on encouraging US economic data before a keynote speech this week by the Federal Reserve chief.The dollar hit multi-month highs against the euro and yen after a surge in US housing construction boosted optimism over the state of the world's number top economy.Tokyo ended flat, edging up 4.66 points to 15,454.45 after data showed a rebound ...

European shares dip; Carlsberg hit by Russia concerns PARIS: European shares dipped in early trade on Wednesday, ending a sharp two-day rally, with investors rattled after Carlsberg issued a profit warning, blaming deteriorating conditions in Russia. Shares in the Danish brewer plunged 5.8 percent after the warning. It derives 35 percent of its profits from Russia, making it a test case of how European companies will be affected by tensions between the West and Russia over the conflict in Ukraine and the impact ...


ArrowDJIA 16,919.59 0.48
ArrowNasdaq 4,527.52 0.43
ArrowS&P 1,981.60 0.50
ArrowFTSE 6,779.31 0.56
ArrowDAX 9,334.28 0.96
ArrowCAC-40 4,254.45 0.56
ArrowNikkei 15,449.79 0.83
ArrowH.Seng 25,122.95 0.67
ArrowSensex 26,420.67 0.11

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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 15, 2014
Reserves $14.264 bln