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European markets rise on talk of central bank action LONDON: Europe's main stock markets pushed upwards, supported by further speculation on central bank action, or delay in rate hikes, to support global economic growth.London's benchmark FTSE 100 index rose 0.25 percent to 6,388.57 points in afternoon trading, but sterling under pressure, after minutes from the latest Bank of England meeting showed no rush to raise interest rates.The CAC 40 in Paris climbed 0.48 percent to 4,100.88 points and Frankfurt's DAX 30 rose 0.50 percent to 8,931.82 compared with Tuesday's closing level.Madrid gained 0.42 percent and Milan added 0.41 percent."While the general tone in the markets has been more positive this week, investors remain on edge particularly when it comes to the eurozone," said Craig Erlam, market analyst at Alpari trading group.European stocks had shot higher on Tuesday after Chinese economic growth data boosted optimism over the global economic outlook. They were lifted also by rumours that the European Central ...

European stocks open higher LONDON: Europe's main stock markets opened higher on Wednesday, extending slightly their recovery from last week's heavy falls.London's benchmark FTSE 100 index edged up 0.05 percent to 6,375.35 points and Frankfurt's DAX 30 won a solid 0.53 percent to 8,934.54.The Paris CAC 40 rose 0.24 percent to stand at 4,090.24 points compared with Tuesday's closing level."European markets will look to follow on from yesterday's gains and take the momentum of this mini recovery into today's ...
European markets rally on China growth data LONDON: European stock markets shot up on Tuesday after surprisingly good Chinese economic growth data boosted optimism over the global economic outlook, dealers said.Equities swung higher following the upbeat news in the latest wild swings of the past week fuelled by fears over the state of the world economy.London's benchmark FTSE 100 index of top companies shot up 1.33 percent from Monday's closing level to stand at 6,350.36 points in afternoon trading.Frankfurt's DAX 30 index ...
European shares rally on report ECB mulling corporate bonds buys LONDON: Banks and shares in peripheral countries led a European rally on Tuesday after sources told Reuters the European Central Bank is considering buying corporate bonds to revive the region's economy.The purchases, which the sources said could be approved in December and start early next year, are seen helping banks, especially in struggling southern European countries, free up more of their balance sheet and lend more.The Euro STOXX banking index was up 3 percent at ...
Gains in oil stocks and Shire lift UK's FTSE LONDON: A rise in major oil stocks and drugmaker Shire helped Britain's top equity index extend its rebound on Tuesday after falling to 15-month lows last week.An advance of nearly 2 percent in both BP and Royal Dutch Shell added the most points to the blue-chip FTSE 100 index, as the energy sector was buoyed by stronger oil prices.Brent crude oil, which had fallen to four-year lows last week, rebounded to rise to about $86 ...
Britain's FTSE 100 rebounds, GKN gains after results LONDON: Britain's top share index rose on Tuesday, with gains for engineering firm GKN after results and in drugmaker Shire on merger speculation supporting the broader market.GKN rose 2.3 percent after saying it was on track for growth in 2014 following a 6-percent rise in third-quarter profit, driven by its aerospace and automotive units."The update is no worse than expected. Good growth for the company's automotive business in China was reported, whilst overall management outlook ...
Emerging stocks hold ground after mixed China data LONDON: Emerging market stocks held their ground on Tuesday, taking their lead from firmer trading in Europe and on Wall Street and shrugging off China's weakest economic growth data in six years.China's economy expanded 7.3 percent in the third quarter official data from Beijing showed, though with a pick-up in factory output.Chinese shares ended 0.7 percent lower after the data as worries about its loss of momentum were compounded by uncertainty about upcoming talks between ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln