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US shares fall despite strong growth numbers NEW YORK: Wall Street investors sold off shares Thursday following a stronger-than-expected report on US economic growth in the third quarter, amid worries that it means higher interest rates sooner.It took an 8.5 percent surge in Visa shares, driven by its strong quarterly earnings report, to prop up the Dow Jones Industrial Average in positive territory, with nearly all other index constituents down.Five minutes into trade, the Dow was up 61.97 points (0.37 percent) at 17,036.28.The broad-based S&P 500 fell 2.05 (0.10 percent) to 1,980.25, while the tech-rich Nasdaq Composite lost 9.99 (0.22 percent) to 4,539.24.The official first estimate of third-quarter growth came in at a peppy 3.5 percent, more good news on the economy a day after the Federal Reserve expressed greater optimism about the state of the jobs market.But a surge in the dollar and Treasury yields showed the market thinks it could pave the way for an ...

Greek stocks fall 4 percent, traders cite political risk ATHENS: Greek shares fell sharply in early Thursday trade with traders citing political risk and fears of snap elections prompting some investors to reduce exposure. The Athens Stock Exchange's general index fell 4.6 percent at 0929 GMT, with banks losing 8.9 pct. "The country's risk is up on political uncertainty and fears of possible early polls, prompting some investors to pull out", said Takis Zamanis, chief trader at Beta Securities. "Technically, support levels on the ...

Britain's FTSE feel weight of commodity stocks after hawkish Fed EDINBURGH: Britain's top share index edged lower on Thursday, under pressure from commodity stocks after the Federal Reserve struck a surprisingly hawkish tone in its outlook for US interest rates.The FTSE 100 gave away early gains to trade 0.2 percent lower at 6,442.51 at 0903 GMT, underperforming a 0.4 percent rise on the FTSEurofirst 300 and German DAX and a 0.7 percent rise on the CAC. Miners, commodity and oil related stocks, which have a ...

Emerging assets mostly weaker post-Fed, rouble bears brunt LONDON: Emerging markets mostly fell on Thursday after the US Federal Reserve set the clock ticking on its first interest rate rise in almost a decade, with a surging dollar taking an especially heavy toll on currencies. Russia, hurt by its own domestic woes, continued its run as the worst performing market, with the currency falling to a record low against the dollar. The greenback firmed after the Fed ended its six-year long asset purchase ...

Indian shares hit record high, shrug off Fed's hawkish tone MUMBAI: Indian shares rose nearly 1 percent to a record high on Thursday as investors bet an improving economy and government reforms would allow the country to better withstand potential rate hikes by the US Federal Reserve than other emerging markets. India's NSE index has gained nearly 31 percent in US dollar terms so far this year to remain Asia's best performing equity index, helped by optimism tied to the election of Narendra Modi as ...

Hong Kong shares fall on weak results, gloomy outlook for earnings SHANGHAI: Hong Kong shares ended lower on Thursday, as investors sold shares in companies that posted weaker earnings for the third quarter.The Hang Seng Index unofficially closed down 0.5 percent at 23,702.04 points, while the China Enterprises Index of the leading offshore Chinese listings in Hong Kong declined 0.9 percent.Several major companies and banks posted weaker-than-expected results or provided pessimistic earnings outlooks.Shares of BYD Co Ltd slumped 7.8 percent, West China Cement Ltd dropped 2.5 ...

Oil services group Technip eases concerns over oil sector strife PARIS: French oil services group Technip reported higher than expected third-quarter profit and revenue and stuck to its targets on Thursday, reassuring investors spooked by the spending slowdown by oil majors and the decline in oil prices.Shares in the group, which have shed 17 percent this year after losing more than 20 percent last year on concerns about spending cuts by oil majors, jumped nearly 8 percent in early trading."The stock is rebounding because they ...


ArrowDJIA 16,974.31 0.18
ArrowNasdaq 4,549.23 0.33
ArrowS&P 1,982.30 0.14
ArrowFTSE 6,453.87 0.81
ArrowDAX 9,082.81 0.16
ArrowCAC-40 4,110.64 0.05
ArrowNikkei 15,553.91 1.46
ArrowH.Seng 23,819.87 1.27
ArrowSensex 27,098.17 0.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln