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European shares extend falls on US stand-off, dollar firms LONDON: Europe's major stock markets slid further on Tuesday, as the US budget standoff entered its eighth day with no end in sight, stoking worries of a catastrophic default.Meanwhile, the dollar firmed but the price of gold eased.London's benchmark FTSE 100 dropped 0.78 percent to stand at 6,387.55 points in late morning deals in the British capital.Frankfurt's DAX 30 shed 0.28 percent to 8,567.67 points and the CAC 40 in Paris retreated 0.51 percent to 4,144.21."Nervous investors are voting with their feet as the saga drags on," said Mike McCudden, head of derivatives at online stockbroker Interactive Investor.Worries over raising the government debt ceiling drowned out angst over a week-long government shutdown in Washington.Markets are awaiting some movement from lawmakers on Capitol Hill as an October 17 deadline approaches for raising the country's debt ceiling.Failure to do so will mean the government will be unable to pay its bills or ...

European stocks steady at close LONDON: Europe's main stock markets closed mixed on Monday, with London's benchmark FTSE 100 index losing 0.26 percent to 6,437.28 points.Frankfurt's DAX 30 fell 0.36 percent to 8,591.58 points, while the CAC 40 in Paris edged up 0.03 percent to 4,165.58 points.Copyright AFP (Agence France-Presse), 2013 ...
UK's FTSE hit by US politics, China slowdown worries LONDON: Britain's main share index fell on Monday, with broad sentiment bruised by political stalemate over the US debt ceiling, and with luxury goods group Burberry hit by concerns over a slowdown in its sales in China.The US government moved into a second week of shutdown, raising the risk that a compromise will not be reached in time to meet an Oct. 17 deadline for raising the debt ceiling and averting a potential sovereign default.Although ...
European shares weaken on US budget stalemate LONDON: European stocks drifted lower in thin trading volumes on Monday as the US budget impasse dragged on, putting one benchmark index on course for its lowest close in four weeks.Luxury goods makers came under pressure after Burberry's chief executive was quoted in French daily Les Echos as saying that the slowdown in luxury goods sales in China may constitute a new market trend.Burberry dropped 1.3 percent, while France's LVMH was down 1.2 percent, and ...
European stocks slide on US budget concerns LONDON: European stock markets slid on Monday while the euro rose against the dollar as the US budget stand-off entered a seventh day with no end in sight.London's benchmark FTSE 100 dropped 0.82 percent to stand at 6,400.70 points approaching midday in the British capital.Frankfurt's DAX 30 shed 1.13 percent to 8,525.35 points and the CAC 40 in Paris retreated 1.04 percent to 4,121.01."The US shutdown saga is starting to really roil markets and what ...
European stocks drop at open; London down 0.14pc LONDON: Europe's main stock markets fell in opening deals on Monday, with London's benchmark FTSE 100 index down 0.14 percent to 6,444.65 points.Frankfurt's DAX 30 shed 0.76 percent to 8,557.04 points and in Paris the CAC 40 slid 0.44 percent to 4,142.92 compared with Friday's closing levels.Copyright AFP (Agence France-Presse), 2013 ...
Burberry falls as US debt worries hit UK's FTSE LONDON: Britain's top share index fell on Monday, with luxury goods group Burberry among the worst performers, as the political stalemate over the US debt ceiling hit equity markets.The blue-chip FTSE 100 index was down 0.9 percent, or 54.24 points, at 6,399.64 points in early session trade.Burberry was among the hardest-hit shares, declining by around 2 percent which traders attributed to cautious comments from its chief executive in French newspaper Les Echos over a slowdown ...


Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24

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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 23, 2014
Reserves $13.465 bln