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Wall St rallies after Fed statement; S&P has best day this year NEW YORK: The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. The rally, which followed a three-day losing streak, was also driven by a 4.2 percent gain in the S&P energy index. Following a two-day meeting, the US central bank gave a strong signal that it was on track to raise interest rates sometime next year. The Fed statement came against a backdrop of solid domestic economic growth but trouble overseas. "This is the market saying, 'Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue to be supportive of asset prices," said Scott Clemons, chief investment strategist at Brown Brothers Harriman Private Banking in New York.Also ...

Wall St adds to gains following Fed statement NEW YORK: US stocks extended gains on Wednesday after the Federal Reserve gave a strong signal that it was on track to raise interest rates sometime next year, suggesting confidence in the US economy. At 2:04 p.m., the Dow Jones industrial average rose 248.56 points, or 1.46 percent, to 17,317.43, the S&P 500 gained 32.99 points, or 1.67 percent, to 2,005.73 and the Nasdaq Composite added 63.71 points, or 1.4 percent, to 4,611.55. Copyright Reuters, ...
TSX surges 2.5pc as oil shares rebound; Sherritt jumps TORONTO: Canada's main stock index had its biggest one-day jump in more than three years on Wednesday as a rebound in oil prices sent its heavily weighted energy sector up by more than 7 percent. The country's biggest oil and gas companies rallied as world crude prices jumped as much as 6 percent, ending weeks of nearly nonstop selling, with traders betting the long rout of the commodity may be running out of steam. Also ...
TSX surges as Talisman deal sparks jump in oil shares TORONTO: Canada's main stock index surged on Wednesday as oil and gas shares wounded in the rout of oil prices regained some vitality on the $8.3 billion bid by Spain's Repsol to buy Talisman Energy Inc.The energy group on the benchmark TSX index has shed more than a third of its value since June as the price of crude oil has plummeted to near 5-1/2 year lows. But Tuesday's news of Repsol's deal for Canada's ...
Wall St climbs after 3-day drop; Fed decision on tap NEW YORK: US stocks rose on Wednesday on the heels of a three-session losing streak and ahead of the U.S. Federal Reserve's final statement of the year that may set the stage for interest rate hikes in 2015.A strengthening U.S. economy is expected to trump global economic worries and the Fed is likely to signal it is still on track to raise rates, with many investors devoting attention to whether the central bank drops its ...
Rising rouble calms Latam markets after recent rout SAO PAULO: Latin American stocks and currencies were mostly stronger on Wednesday after Russia's rouble rebounded against the dollar, easing investor jitters over global financial stability.Debt, equities and foreign exchange markets in Latin America have been hammered this month after a sharp drop in oil prices and a plummeting Russian rouble sapped demand for riskier investments from emerging markets.On Wednesday the rouble halted its decline and strengthened about 7 percent after the government sold dollars ...
Wall St climbs ahead of Fed decision NEW YORK: US stocks were higher shortly after the open on Wednesday, following a three-session losing streak for major Wall Street indexes, as investors awaited the U.S. Federal Reserve's final statement of the year that may set the stage for interest rate hikes in 2015.A strengthening U.S. economy is expected to trump global economic worries and the Fed is likely to signal it is still on track to raise rates.U.S. consumer prices recorded their biggest ...

 



 
Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln