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Wall St flat after leftists win Greek elections NEW YORK: US stocks were little changed on Monday after a decisive Greek election victory by the leftist Syriza party spurred concern over fresh instability in the euro zone, even as the possibility of Greece leaving the bloc was considered remote. The Syriza party looked set to take on Greece's international lenders, with leader Alexis Tsipras pledging to end five years of austerity and renegotiate Greece's debt agreements. Potential conflicts with other euro zone governments could put more strain on the currency bloc. While the United States has limited direct exposure to Greece's relatively small economy, volatility in Europe could hurt multinational companies. If the euro continues to weaken against the dollar, that could be a headwind for earnings. "The ongoing display of angst is that Greece removes itself from the euro zone. It's the unknown about things breaking up," said Frank Davis, director of sales and trading at LEK ...

Wall Street braces for storm; exchanges to stay open NEW YORK: Some Wall Street traders booked hotels, while banks and brokerages prepared to get by with bare bones staffing, but major exchanges said it was business as usual as a potentially historic blizzard bore down on the northeast. Financial professionals snapped up hotel rooms in Manhattan in anticipation that roads and public transportation could grind to a halt due to the storm, which threatens to dump up to 3 feet (90 cm) of snow ...

European stocks push higher PARIS: Europe's main stock markets shrugged off Monday the election of an anti-austerity party in Greece to close higher, with London's FTSE 100 rising 0.29 percent to end the day at 6,852.40 points.Frankfurt's DAX 30 index jumped 1.40 percent to a new record close of 10,798.33 points, while in Paris the CAC 40 climbed 0.74 percent to 4,675.13 points.Copyright AFP (Agence France-Presse), 2015

Saudi stock market to open to foreigners by mid-2015 RIYADH: Saudi Arabia is on track to open its stock market to foreign investors by the end of June, the market's chief regulator said on Monday.A final date will be announced after relevant regulations are issued but it "will be before the end of the first half of 2015," said Mohammed al-Shaikh, chairman of the Capital Market Authority.Penny-stock players, however, will not be welcome on the expanded Tadawul All-Shares Index, the largest Arab bourse."We really ...

Saudi Arabia rises after smooth royal succession DUBAI: Saudi Arabia's stock market rose on Monday as it traded for the first time since King Salman succeeded his brother Abdullah, who died on Friday. Other bourses in the region were neutral or negative.After swiftly assuming power, King Salman pledged continuity in energy and foreign policies and appointed younger men as his heirs, appearing to settle the succession issue for years to come.Investors reacted positively to the smooth succession and the kingdom's main index ...

Brazil stocks drop on growth, inflation, energy worries SAO PAULO: Brazil's stock market weakened on Monday after data released earlier in the day showed worsening market expectations for economic growth and inflation this year.Mexican and Chilean shares also declined, driving the broader MSCI Latin American stock index to its second straight loss.Brazil's Bovespa stock index posted the largest drop in the region, sinking about 1 percent.Economists hiked their forecasts for Brazil's 2015 inflation rate to 6.99 percent while slashing their economic growth estimates ...

TSX declines after Greek election results TORONTO: Canada's main stock index fell on Monday on anxiety spurred by the victory of the leftist Syriza party in the Greek election and by Syriza's demands for a restructuring of the country's international debt.Greek leftist leader Alexis Tsipras was sworn in on Monday as the prime minister of a new anti-bailout government and promised that the austerity imposed by international creditors for the past five years is over.The benchmark TSX's decline came after a ...


Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln