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European stocks set for biggest weekly gain of 2014 LONDON: A three-day rally in world share markets started to peter out on Friday as worries emerged that the European Central Bank's money printing plans could come with a number of restrictive strings attached.Officials speaking to Reuters on condition of anonymity said the ECB may require countries such as Greece or Portugal to set aside extra money or provisions to cover potential losses from any bond-buying it embarks on next year. Concern that this could dilute the potency of any action put European stocks in reverse, though futures markets still pointed to US shares opening higher after their best run since late 2011 over the last two days."Markets have pretty much fully priced in QE for Q1 next year, so if there's anything that looks like throwing a spanner in the works, markets have to take that into account," said Lorcan Roche Kelly, analyst at Agenda Research in Ireland."That can't ...

European stock markets extend gains LONDON: Europe's main stock rose at the start of trading on Friday, building on the previous day's sharp gains.London's benchmark FTSE 100 index climbed 0.38 percent to 6,490.44 points compared with Thursday's close.Frankfurt's DAX 30 gained 0.92 percent to 9,901.26 points and in Paris the CAC 40 advanced 0.77 percent to 4,282.39.Global stock markets surged in a "Santa Claus rally" on Thursday as dealers welcomed the outcome of the US Federal Reserve meeting which signalled ...
Europe shares rally in biggest rise for 3 years; Greece reverses early fall LONDON: European stocks surged on Thursday, with the market supported by a rise in Greek shares after the leader of the main opposition party said he was committed to keeping Greece in the euro should his leftist party take power next year.A rebound in oil, a dovish statement from the Federal Reserve and relative calm in Russian markets helped spur European shares towards their strongest daily gain in three years.The FTSEurofirst 300 index of top ...
Europe shares rally, led up by rebound for oil stocks LONDON: European stocks rose on Thursday, led higher by energy-related stocks as oil rose and by strength in financials after the U.S. Federal Reserve said it would take a patient approach toward raising interest rates.At 1135 GMT, the FTSEurofirst 300 index of top European shares was up 1.9 percent at 1,341.86 points.Oil companies topped the index, with Norway's Seadrill up 8.7 percent and Statoil up 6.4 percent, as Brent crude jumped 3 percent to $63 ...
Franc drops as Swiss announce negative rates; stocks jump after Fed LONDON: The Swiss franc tumbled on Thursday after its central bank announced a charge on deposits, wary of a flood of money exiting Russia and likely inflows from the euro zone if the ECB starts full-scale money printing early next year.European shares rose sharply after an upbeat assessment of the US economy and a promise by the Federal Reserve to be patient in raising rates, which led US stocks to their strongest session of the ...
European stock markets, oil rally LONDON: Europe's main stock markets surged Thursday following rallies in Tokyo and on Wall Street as dealers welcomed the outcome of the US Federal Reserve policy meeting.Oil prices also rose strongly after recent volatility, while the euro fell to $1.2322 from $1.2343 late on Wednesday in New York.In shares trading, London's benchmark FTSE 100 index jumped 0.94 percent to stand at 6,396.09 points around midday in the British capital.British retail sales rose strongly in November ...
Europe shares rally as Fed pledges patient approach to rates PARIS: European stocks rose early on Thursday, tracking a rally on Wall Street after the U.S. Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward raising interest rates.Fed Chair Janet Yellen told a news conference that "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of meetings", meaning April of next year at the earliest.U.S. stocks and ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln