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European shares rise as ECB seen opening door to more stimulus LONDON: European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy. Speaking at a congress in Frankfurt, Draghi highlighted weak economic activity indicators from the bloc earlier this week and said the ECB would broaden the size, pace and composition of its asset purchase programme if needed. "Draghi recognised that acting in a speedy fashion is necessary to avoid a deterioration in the inflation rate," said Vincenzo Longo, a strategist at IG. "The market extended gains as it started discounting quantitative easing on sovereign bonds from December." The pan-European FTSEurofirst 300 index was up 0.8 percent at 1,367.73 points at 0910 GMT, while the Euro STOXX 50 index was up 1.1 percent at 3,135.13 points.Euro zone banks, which have a high exposure to the region's economy and significant holdings of sovereign ...

European stocks rise at open LONDON: Europe's main stock markets rose at the start of trading on Friday, with London's benchmark FTSE 100 index up 0.30 percent to 6,698.83 points.Frankfurt's DAX 30 climbed 0.39 percent to 9,521.24 points and the CAC 40 in Paris gained 0.27 percent to 4,245.65 compared with Thursday's closing values.Copyright AFP (Agence France-Presse), 2014 ...
Shares punctured by two-pronged slowdown in China, Europe LONDON World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro on bets on more Japanese money printing.Wall Street was expected to fall around 0.4 percent when trading resumes as signs of a pick-up in underlying US inflation and more encouraging signals from the jobs market set the tone for manufacturing PMIs.Markets were also still digesting ...
Weak eurozone, Chinese data weighs on European stocks LONDON: Weak eurozone and Chinese data weighed on European stock markets and the euro Thursday after the Federal Reserve warned over potential threats to US growth.London's benchmark FTSE 100 index fell 0.64 percent to stand at 6,653.47 points approaching midday.The CAC 40 in Paris slid 1.13 percent to 4,218.02 points and Frankfurt's DAX 30 lost 0.64 percent to 9,411.80 compared with Wednesday's closing level, when Europe's top indices had ended on a steady note.In Thursday ...
FTSE retreats as disappointing China data hits miners LONDON: Britain's top share index retreated from an eight-week high on Thursday, with mining shares falling the most after a survey showed growth in China's vast factory sector stalled in November.The broader stock market came under further pressure after another survey showed Germany's private sector had grown at the slowest rate in 16 months in November as manufacturing stagnated and services lost momentum, signalling a weak fourth quarter for Europe's largest economy.The blue-chip FTSE 100 ...
European shares hit by weak euro zone manufacturing data EDINBURGH: European shares fell on Thursday, with top euro zone shares extending an early dip after weak manufacturing data in the region's top two economies reignited fears over growth prospects.The euro zone's EuroSTOXX 50 fell 0.7 percent after both French and German purchasing manager's index data missed expectations in the manufacturing sector.France's CAC fell 0.7 percent, with Germany's DAX down 0.5 percent.Euro zone PMIs confirmed the grim picture for the region, coming in weaker than ...
Shares punctured by two-pronged China, Europe slowdown LONDON: World stocks extended losses on Thursday as evidence suggested both the Chinese and European economies were slowing, while the yen slid to multi-year lows against the dollar and euro.The China flash HSBC/Markit manufacturing purchasing managers' index showed factory output contracted in the world's second-biggest economy for the first time in six months. .In Europe signs were just as gloomy as the private sector in its biggest economy, Germany, grew at the slowest rate in ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln