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European stock markets lifted by upbeat earnings LONDON: European stock markets inched higher Wednesday supported by upbeat earnings, as investors paused for breath after the previous day's strong gains amid ongoing concern about the fallout from Ukraine. Frankfurt's main DAX index gained 0.20 percent compared with Tuesday's close to end the day at 9,753.56 points.London's benchmark FTSE 100 index edged up 0.04 percent to 6,798.15 points, while in Paris the CAC 40 added 0.16 percent to 4,376.32."European equity markets edged slightly higher in today's trading session, while investors remained cautious after the strong rebound across equities and commodities yesterday," said Myrto Sokou at Sucden Financial.Markets also took heart from news that Spain's economy grew at its strongest rate for six years in the second quarter of the year.The news came after strong gains on Tuesday after news pro-Russian rebels had handed over the black boxes from the Malaysian passenger jet that came down in eastern Ukraine, killing ...

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 ...

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 ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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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