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FTSE hits four-month high after ECB delivers bond-buying scheme LONDON: Britain's top share index touched a four-month high on Thursday after the European Central Bank launched a massive sovereign bond purchase programme to fight deflation and spur growth.The ECB said its new quantitative easing programme and existing asset purchase schemes will pump 60 billion euros a month into the euro zone economy from March until Sept. 2016.The move boosted appetite for shares across Europe and Britain's FTSE 100 touched a peak of 6,797.01 points, its highest since Sept. 22."The higher than expected monthly amount to be purchased is compensated (for) by the time limit on the programme," said Fran?ois Savary, chief strategist - head of asset services at Swiss Bank and fund management group Reyl & Cie.He described it as a "great compromise", adding "at the end of the day Mr Draghi and the supporters of the QE policy move must be quite satisfied".But Britain's top share index pared ...

European stocks diverge in cautious deals before ECB LONDON: Investors turned cautious in Europe on Thursday amid jitters ahead of a widely-expected announcement by the European Central Bank to inject as much as 1.0 trillion euros of stimulus into the flat eurozone economy, dealers said.However there was much uncertainty ahead of the announcement about the size and structure of a possible ECB programme of bond-buying known as quantitative easing. Such a programme, which is tantamount to printing money, would aim to fight off ...
Suspense builds as ECB prepares to unveil QE LONDON: European shares were at a seven-year high and the euro sat near an 11-year low on Thursday as the European Central Bank prepared to take the plunge into full-scale quantitative easing.Market expectations are sky-high for the ECB to unveil a large-scale QE programme -- printing money to buy euro zone government bonds -- despite opposition from Germany's Bundesbank. Berlin is also worried that such purchases could allow spendthrift countries to slacken the pace of ...
Emerging stocks at 7-week highs on ECB hopes; Ukraine bonds sink LONDON: Anticipation of a sizeable euro zone bond-buying programme boosted emerging market assets on Thursday, though Ukraine's sovereign bonds sold off as its finance minister mooted restructuring talks with bondholders.Reports the European Central Bank would launch quantitative easing amounting to 50 billion euros ($58 billion) per month from March spurred emerging European bourses higher, with Warsaw up 0.4 percent. Prague and Budapest rose 0.9 percent."We have seen a bit of a rally on the back ...
FTSE hits 7-week high in cautious trading ahead of ECB meeting LONDON: Britain's top share index hit a seven-week high in cautious trading on Thursday ahead of the European Central Bank's policy meeting at which it is likely to announce a government bond buying scheme to try to boost the region's economy.A euro zone source said on Wednesday the ECB's Executive Board has proposed that the bank should buy 50 billion euros ($58 billion) in bonds per month from March - the last big policy tool ...
European shares pause for breath before ECB decision PARIS/LONDON: European shares paused on Thursday after a sharp five-day rally as investors waited to see the size and shape of a bond-buying programme the European Central Bank is expected to unveil later.Euro zone banks have been among the top gainers ahead of today's ECB meeting, with Societe Generale, UniCredit and Mediobanca all up about 11 percent in the past week, and ING up 8.2 percent.Market expectations are sky-high for the ECB to announce large-scale ...
European stocks firm in opening deals before ECB LONDON: Europe's stock markets edged higher in opening trade on Thursday with investors on tenterhooks ahead of the European Central Bank's widely-expected stimulus announcement.In initial deals, London's benchmark FTSE 100 index of top companies won 0.20 percent to 6,741.57 points, Frankfurt's DAX 30 rose by just 0.01 percent to 10,300.26 points and the CAC 40 in Paris gained 0.04 percent to 4,486.76, compared with Wednesday's closing level.Eyes are firmly on the ECB monetary policy meeting, ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
Arrow CAC-40 4,675.13 0.74
Arrow Nikkei 17,468.52 0.25
Arrow H.Seng 24,909.90 0.24
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln