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European shares firm, but trim gains after PMI data LONDON: European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index (PMI) came in below the preliminary estimate and as investors took some profits from recent multi-year highs.Markit's final February Composite PMI came in at 53.3, against a preliminary estimate of 53.5. A PMI covering the euro zone's dominant service industry rose one point from January to 53.7 but was lower than a flash reading of 53.9."There's some disappointment on the PMIs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe, which boosted investors' expectations," Saxo Bank trader Pierre Martin said."Today, it's the European figures that disappoint, but this comes after a mixed batch of data from the United States. When you combine slightly disappointing macro data with sky-high stock indexes, you get a correction."The FTSEurofirst 300 index of top European shares was up 0.16 percent 1,547.82 ...

UK's FTSE stages late rebound as traffic growth boosts IAG LONDON: Britain's top share index rebounded late on Wednesday, helped by a surge in airline IAG due to strong traffic figures and by rallies in broadcaster ITV and bank Standard Chartered.The FTSE 100 snapped a three-day losing streak to end 0.4 percent higher at 6,919.24 points after trading as low as 6,862.87 points in the early part of the session.The FTSE has rallied more than 10 percent since mid-January, fuelled by anticipation of the European ...
Stronger automakers boost European shares to end near highs LONDON: European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/2-year low against the dollar after U.S. services data.The dollar rose after the Institute for Supply Management said its services index rose to 56.9 in February against 56.5 predicted in a Reuters poll. The U.S. currency also strengthened against the euro ahead of the launch ...
Hikma hits Tullow Oil out of UK's FTSE 100 LONDON: Hikma Pharmaceuticals has pushed Tullow Oil out of Britain's benchmark FTSE 100 equity index, FTSE Group announced on Wednesday, following a drop in Tullow's stock price and a rise in Hikma's shares.Getting into the FTSE 100 can often fuel further demand for a company's shares, since funds that track the FTSE or invest in the index can then add that stock to their portfolio.The rankings are decided on market capitalisation. Companies with the lowest ...
European stocks end slightly higher on eve of ECB LONDON: Europe's stock markets finished slightly higher Wednesday following earlier sluggishness and a downbeat session in Asia, as investors looked ahead to the European Central Bank's interest rate meeting.London's benchmark FTSE 100 index of top companies inched up 0.44 percent to 6,919.24 points at the end of trading.Frankfurt's DAX 30 rose 0.98 percent to close at 11,390.83 points, while the CAC 40 index in Paris climbed 0.99 percent to 4,917.35 points from Tuesday's close.European indices ...
European stocks mainly flat on eve of ECB LONDON: Europe's stock markets were mainly flat Wednesday following a downbeat session in Asia, as investors examined weak data on the eve of the European Central Bank's interest rate gathering.London's benchmark FTSE 100 index of top companies slipped 0.01 percent to 6,888.11 points in mid-afternoon trading.Frankfurt's DAX 30 inched up 0.12 percent to 11,293.67 points, while the CAC 40 index in Paris was up 0.09 percent to 4,873.83 from Tuesday's close.European indices had fallen on ...
Fresnillo, L&G lead FTSE 100 lower for fourth day LONDON: Britain's top share index fell for a fourth straight session on Wednesday, dragged down by disappointing results from precious metals miner Fresnillo and insurer Legal & General. Appetite for UK stocks was further dampened by data showing growth in Britain's dominant services sector eased in February. Fresnillo was the top FTSE 100 faller, down 4 percent after its pretax profit dropped 40 percent, hurt by falling gold and silver prices. Legal & General fell ...


Index Closing Chg%
Arrow DJIA 18,203.37 0.47
Arrow Nasdaq 4,979.90 0.56
Arrow S&P 2,107.78 0.45
Arrow FTSE 6,889.13 0.74
Arrow DAX 11,280.36 1.14
Arrow CAC-40 4,869.25 0.98
Arrow Nikkei 18,815.16 0.06
Arrow H.Seng 24,702.78 0.74
Arrow Sensex 29,593.73 0.46

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 $15.944 bln