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European stock markets extend gains LONDON: European stock markets rose on Wednesday, building on the previous day's gains and following a positive lead from Wall Street that helped to offset geopolitical unrest, traders said.London's benchmark FTSE 100 index climbed 0.19 percent to stand at 6,808.03 points in midday deals.Frankfurt's DAX 30 gained 0.54 percent to 9,787.37 points and the CAC 40 in Paris won 0.45 percent to 4,389.19 compared with Tuesday's close.Craig Erlam, market analyst at Alpari traders, said investors were more concerned about economic data and the earnings season than the conflicts in eastern Ukraine and Gaza. "That's not to say that both of these don't have the potential to cause further disruptions and weigh further on investor sentiment. It just means that the risk associated with these events is fully priced-in and there have been no new significant developments," he added.Global markets had rebounded on Tuesday on news that pro-Russian rebels had handed ...

Better earnings provide support for European shares, led by Daimler EDINBURGH: European stocks rose on Wednesday on the back of generally strong earnings despite investors' concerns over the possibility of fresh European Union sanctions against Russia over the Ukraine crisis.German blue chip shares outperformed, gaining 0.5 percent, led higher by car and truck maker Daimler after it posted earnings above expectations.Daimler rose 2.2 percent, boosted by demand for new models of its high-end Mercedes-Benz cars in countries such as China."Daimler's results read very well. Appetite ...

Europe edges up on earnings, risk aversion remains LONDON: European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of economic recovery.However, the prospect of more sanctions against Russia over the Ukraine crisis and a downed Malaysian airliner kept risk aversion on the table in the bond market, where German 10-year yields nudged down to 1.16 percent, just shy of record ...

Britain's FTSE flat, Capita gains on strong results LONDON: Britain's top share index steadied on Wednesday, as tensions between the West and Russia and the conflict in Gaza made investors cautious, although Capita and BHP Billiton saw strong gains.Outsourcing group Capita, which runs services from the Ministry of Defence pension scheme to police radio systems, rose 3 percent after posting an 11 percent rise in first-half organic revenue.Global miner BHP Billiton gained 1 percent after beating its own guidance for full-year iron ore ...

Turkish shares at highest since May 2013, lira stronger ISTANBUL: Turkish shares rose to their highest since May 2013 on Wednesday and the lira hit its strongest since mid-June as risk aversion eased and after the economy minister forecast Turkey's current deficit would fall by more than expected this year.At 0848 GMT, the lira stood at 2.0942 against the U.S. currency, just off a high for the morning of 2.0933, its strongest since June 11. It stood at 2.1055 late on Tuesday."Global risk sentiment ...

Mideast stocks blue chips lift Saudi but rally slows DUBAI: Saudi Arabia's bourse edged up in early trade on Wednesday on the back of the blue chips which are seen as most likely to be bought when the market opens to direct foreign investment. But rises slowed after Tuesday's leap.The main Saudi index rose 0.9 percent in the first hour of trade. Petrochemicals giant Saudi Basic Industries (SABIC) added 3.0 percent and Al Rajhi Bank, the largest listed bank, gained 1.5 percent.The benchmark jumped ...

Indonesia, Russia gains push emerging stocks to new 17-month high LONDON: Emerging equities hit new 17-month highs on Wednesday, buoyed by strong post-election gains in Indonesia and a rise in Russian stocks after a conciliatory tone from the Kremlin over the downed Malaysian Airlines jet.A batch of positive earnings in Europe and the United States along with robust U.S. economic data have lifted sentiment and somewhat offset potential geopolitical repercussions from last week's shooting down of a Malaysian Airlines plane over eastern Ukraine.Political developments within ...


Index Closing Chg%
Arrow DJIA 17,083.80 0.02
Arrow Nasdaq 4,472.11 0.04
Arrow S&P 1,987.98 0.05
Arrow FTSE 6,821.46 0.34
Arrow DAX 9,794.06 0.42
Arrow CAC-40 4,410.65 0.78
Arrow Nikkei 15,284.42 0.29
Arrow H.Seng 24,141.50 0.71
Arrow Sensex 26,271.85 0.48

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln