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Buoyant steelmakers, US payrolls boost Europe stocks PARIS: European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan. Stronger-than-expected US jobs data also fuelled the rally. February non-farm payrolls data came at 295,000, much higher than a consensus of 240,000 and marking the 12th straight month of increases above 200,000, the longest such run since 1994. Shares in European stainless steel producers were the top gainers on Friday, with in Outokumpu jumping 15.7 percent, Acerinox gaining 5.1 percent and Aperam soaring 11 percent. Sources told Reuters the EU will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan.The Commission plans to set tariffs of about 25 percent for imports from China and of about 12 percent for Taiwanese product, following a complaint lodged in May 2014 by the European steel ...

UK's FTSE slips off record highs as miners retreat LONDON: Britain's top share index dipped on Friday after posting its highest ever close in the previous session, with a pullback in mining stocks weighing on the market. Bid speculation lifted engineer Weir, however, while travel company Thomas Cook - a mid-cap stock not in the top index - also surged after a Chinese company bought a stake in it. The blue-chip FTSE 100 index was 0.4 percent lower at 6,931.37 points going into the ...
Turkish Treasury says Feb cash deficit 8.46bn lira ISTANBUL: Turkey posted a cash deficit of 8.46 billion lira ($3.2 billion) in February and a cash primary deficit of 1.48 billion lira, data from the treasury showed on Friday. The cash budget measures the money the treasury actually receives and pays out in the month. The primary balance excludes interest payments. Copyright Reuters, 2015 ...
European stocks mixed at open LONDON: Europe's stock markets diverged in opening deals on Friday, as investors cautiously awaited key US non-farm payrolls data.Sentiment was also subdued one day after the European Central Bank revealed it will launch its 1.1-trillion-euro ($1.2-trillion)quantitative easing (QE) stimulus programme next week.In initial trade, London's benchmark FTSE 100 index dipped 0.16 percent to 6,949.75 points and the CAC 40 in Paris shed 0.20 percent to 4,953.68.On the upside, Frankfurt's DAX 30 rose 0.08 percent to ...
Swedish central bank chief Ingves repeats ready to do more to boost inflation STOCKHOLM: Swedish Central Bank Governor Stefan Ingves repeated on Friday that the Riksbank stood ready to do more to make monetary policy more expansionary if needed to bring inflation back toward up to its target."We could cut the repo rate more and defer repo rate increases until a later date, purchase more government bonds or issue loans to companies via the banks. Neither would we wish to rule out foreign exchange interventions," he said in ...
Aviva ensures FTSE 100's move back toward record highs LONDON: Britain's top share index approached record highs again on Thursday, lifted by a rally in insurance stocks such as Aviva after positive results in the sector.The blue-chip FTSE 100 index closed up 0.6 percent at 6,961.14 points, near the 6,974.26 record it set this month.Traders said that European equities were further supported by confirmation that the European Central Bank (ECB) will start a bond-buying programme - aimed at boosting the region's economy - this ...
Robust earnings help European shares extend rally ahead of ECB LONDON/PARIS: European shares rose on Thursday, with a batch of robust company results from firms including supermarket Carrefour and fund manager Schroders boosting sentiment. Investors also awaited the European Central bank meeting at which it is set to give further details on its massive bond-buying programme. Shares in Carrefour rose 2.4 percent after the world's second-largest retailer said it would boost capital expenditure this year as it seeks to cement a revival of its European ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln