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Wall St gains after Chinese data, Yahoo up on Alibaba NEW YORK: US stocks rose for a third straight session on Wednesday after China's economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese e-commerce giant Alibaba, in which it has a stake.China, the world's second-largest economy, grew at its slowest pace in 18 months at the start of 2014, but the rise was better than expected and showed some improvement in March.The global economy should grow steadily at best over the coming year, a Reuters poll showed, but any rapid slowdown in China could upset the progress."There is a lot of concern about Chinese growth this year so there is some relief in the GDP number," said Jim Russell, senior investment strategist at U.S. Bank Wealth Management in Cincinnati. "We think that is influencing the market today."Yahoo was the leading percentage gainer on the S&P 500 as revenue growth accelerated in the last ...

TSX climbs as China data drives gains TORONTO: Canada's main stock index advanced on Wednesday after bullish economic data from China boosted investor sentiment and helped drive gains in every major sector.It was a mixed picture in the United States, where industrial production rose at a faster-than-expected clip in March but housing starts climbed less than expected and building permits fell.Data showed a 7.4 percent expansion in the Chinese economy in the first quarter. While the growth was at its slowest pace ...

Shares up on China relief, Ukraine strains remain NEW YORK: Global equity markets advanced broadly on Wednesday after growth in China beat expectations and cheered investors worried about its economy, while the dollar slid on the growing view the Federal Reserve will keep interest rates lower than normal for a few years.Wall Street was modestly higher, up for the third straight day. The Nasdaq Composite continued to rebound from Tuesday's lows, having gained 2.7 percent from that intraday low of 3946.03 that was ...

FTSE advances on Chinese data, Sports Direct sprints ahead LONDON: Britain's benchmark stock index rose on Wednesday after Chinese economic data came in a touch above forecasts, with Tesco rising on aggressive strategy plans and Sports Direct surging on a bullish note about the company.The sportswear retailer surged 5.6 percent to the lead FTSE 100 gainers. Traders cited a note from Bank of America Merrill Lynch as saying it could grow its top line at a compound annual growth rate (CAGR) of 7 percent ...

European stocks rebound LONDON: European stock markets rallied on Wednesday, rebounding from the previous day's losses on better-than-expected company earnings and Chinese growth data that also lifted Asian indices and Wall Street.Shares had ended sharply lower on Tuesday as the escalating military crisis in Ukraine spooked investors, traders said.In midday deals on Wednesday, London's FTSE 100 climbed 0.30 percent to stand at 6,561.15 points compared with Tuesday's closing level, as the benchmark shares index benefited also from official ...

Hong Kong shares end 0.11pc higher, Hang Seng Index edged up 0.11pc HONG KONG: Shares in Hong Kong and Shanghai edged up on Wednesday after China released data showing the economy grew slightly more than expected in the first three months of the year.The benchmark Hang Seng Index edged up 0.11 percent, or 24.75 points, at 22,696.01 on turnover of HK$54.49 billion (US$7.03 billion).Traders were given an upbeat lead from Wall Street following upbeat corporate from Yahoo and chip giant Intel. The Dow ended up 0.55 percent, ...

Asian shares rise, China growth beats forecasts HONG KONG: Asian markets mostly rose Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year.Japan's Nikkei led regional gains thanks to a weaker yen after the head of the country's central bank said it was on course to meet its inflation target next year.Tokyo surged 3.01 percent, or 420.87 points, to finish at 14,417.68 and Sydney added 0.6 ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,417.53 0.01
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln