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TSX slumps as Fed mulls stimulus exit

Thursday, 20 June 2013 01:58
Posted by Asad Naeem
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TSX slumps as Fed mulls stimulus exit TORONTO: Canada's main stock index slipped on Wednesday after comments by the US Federal Reserve that it could begin rolling back its stimulus program this year weighed on investor sentiment and caused declines across most sectors.Fed Chairman Ben Bernanke said the US central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014.Financial shares took the biggest toll on the market, while the gold-mining sector posted the sharpest decline, falling with the price of bullion.The mood was further dented as smartphone maker BlackBerry fell 3.6 percent after a brokerage downgraded its shares."That was not what I would call a 'shock and awe' kind of announcement," Michael Sprung, president of Sprung Investment Management, said of the Fed's intention to reduce its bond purchases. "But perhaps people were looking for a bit longer run-time.""The rates will likely go up," he added. ...

Australia shares close at a 2 week high, Whitehaven jumps

Wednesday, 19 June 2013 14:07
Posted by Shoaib-ur-Rehman Siddiqui
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Australia shares close at a 2 week high, Whitehaven jumps SYDNEY: Australian shares rose 1 percent to close at a two-week high on Wednesday, helped by expectations that the US Federal Reserve will not move quickly to scale back its monetary stimulus and as a weaker Australian dollar lifted stocks with large exposure to overseas markets.Whitehaven Coal Ltd surged 4 percent after embattled tycoon Nathan Tinkler has handed his stake in to lenders to pay off debt, in a deal that may eventually put one ...

Australian shares rise 0.5pc at open; Whitehaven surges

Wednesday, 19 June 2013 05:27
Posted by Asad Naeem
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Australian shares rise 0.5pc at open; Whitehaven surges SYDNEY: Australian shares bounced 0.5 percent early on Wednesday, after Wall Street rose for a second straight day as investors bet the Federal Reserve will maintain its stimulus support.A weaker Australian dollar also benefited stocks with overseas exposure including global miners BHP Billiton Ltd and Rio Tinto Ltd, which climbed 0.9 percent and 1.5 percent respectively.Shares in coal miner Whitehaven Coal Ltd surged 8.1 percent after Australian tycoon Nathan Tinkler sold nearly half his stake. ...

Fed optimism, Tim Hortons lift TSX to 1-week high

Wednesday, 19 June 2013 02:23
Posted by Asad Naeem
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Fed optimism, Tim Hortons lift TSX to 1-week high TORONTO: Canada's main stock index climbed to a one-week high on Tuesday as positive economic data and hopes that the US Federal Reserve will stick to its supportive monetary policy drove gains in almost every major sector.Coffee chain Tim Hortons Inc also boosted Canada's main stock index rising 4 percent on news that it now faces pressure from US hedge fund Scout Capital Management to make changes after recently outlining plans to address the concerns ...

Fed hopes buoy TSX as bank, energy shares climb

Tuesday, 18 June 2013 03:59
Posted by Asad Naeem
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Fed hopes buoy TSX as bank, energy shares climb TORONTO: Canada's main stock index jumped on Monday as hopes that this week's Federal Reserve meeting would reaffirm support for the US central bank's easy monetary policy spurred sharp gains in shares of financial and energy companies.The rise helped the market recover from its 1.5 percent loss last week, but the index remained in negative territory for the year.As with global equity markets, Toronto stocks have been hit in recent weeks by fears the Fed ...

Australia shares post biggest one-day gain in 18 months

Friday, 14 June 2013 11:33
Posted by Shoaib-ur-Rehman Siddiqui
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Australia shares post biggest one-day gain in 18 months SYDNEY: Australian shares rebounded 2.1 percent on Friday, their biggest one-day gain in 18 months, as high-yielding stocks led by blue chip financials underpinned the local market after Wall Street rallied overnight.Financials were led by National Australia Bank soaring 3.6 percent while Australia's fourth largest bank, Australia and New Zealand Banking Group climbed 3 percent.The S&P/ASX 200 index to climbed 96 points to 4,791.8, according to the latest data. The benchmark index is up 1.1 ...

TSX rallies on news of Safeway deal

Friday, 14 June 2013 03:52
Posted by Asad Naeem
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TSX rallies on news of Safeway deal TORONTO: Canada's main stock index rebounded on Thursday after days of weakness as worries about central bank stimulus were offset by a jump in Empire Co Ltd , which is buying Safeway Inc's Canadian assets for $5.7 billion.The Toronto Stock Exchange's S&P/TSX composite index ended the day up 167.24 points, or 1.38 percent, at 12,277.13, recovering from a seven-week low early in the session. All 10 of the index's subgroups were firmer.Copyright Reuters, 2013 ...

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Index Closing Chg%
Arrow DJIA 15,112.19 1.35
Arrow Nasdaq 3,443.20 1.12
Arrow S&P 1,628.93 1.39
Arrow FTSE 6,348.82 0.40
Arrow DAX 8,197.08 0.39
Arrow CAC-40 3,839.34 0.55
Arrow Nikkei 13,245.22 1.83
Arrow H.Seng 20,986.89 1.13
Arrow Sensex 19,245.70 0.12
Updated at 5:00 am Pst





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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln