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ECB bond purchases boosts equities, euro slumps LONDON: European stocks rallied on the ECB's announcement it will inject over 1.0 trillion euros of stimulus into the stagnant eurozone economy, while the euro sank against the dollar.The pledge by European Central Bank chief Mario Draghi to buy 60 billion euros of bonds per month exceeded market expectations that the monthly pace of the quantitative easing, or QE programme of asset-purchases would be 50 billion euros.After the ECB announcement, Frankfurt's DAX 30 rose 0.47 percent to 10,347 points and the CAC 40 in Paris climbed 0.76 percent compared with Wednesday's close to 4,518.79.The Milan stock market shot up 1.75 percent and Madrid jumped 1.56 percent in value.In Britain, which is not part of the eurozone, the FTSE 100 index of top companies climbed 0.39 percent to 6,754.21 points.In foreign currency trading, the euro sank against the dollar to $1.1483 in afternoon London deals following the ECB announcement, compared with ...

European shares hit seven-year highs as ECB unveils QE PARIS: European stocks hit seven-year highs on Thursday after the European Central Bank unveiled a bond-buying scheme in a bid to revive the region's economy and stave off deflation.ECB President Mario Draghi said the central bank would embark on a quantitative easing programme which, together with existing schemes, will pump 60 billion euros a month into the euro zone economy from this March until September next year."The size of the programme comes at the high ...
Russian assets jump after ECB announces QE MOSCOW: The rouble and Russian stocks jumped on Thursday on a firmer oil price and the European Central Bank launching a quantitative easing programme.At 1440 GMT, the rouble was up 1.2 percent against the dollar on the day at 65.53 and 1.9 percent stronger versus the euro at 74.30.The rouble-based MICEX stock index was up 2.4 percent to 1,657 points and the dollar-based RTS climbed 3.5 percent to 809 points.The ECB said it would buy ...
Shares rise, euro slides as markets cheer ECB QE plan LONDON: European shares climbed to a seven-year high and the euro fell to an 11-year low on Thursday, as world markets cheered the European Central Bank's plans for a stimulus programme worth more than 1 trillion euros.The ECB's quantitative easing programme -- printing money to buy euro zone government bonds -- along with its existing schemes will pump 60 billion euros a month into the euro zone economy. It is set to run from March ...
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, ...
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 ...


Index Closing Chg%
Arrow DJIA 17,387.21 1.65
Arrow Nasdaq 4,681.50 1.89
Arrow S&P 2,029.55 1.34
Arrow FTSE 6,811.61 0.60
Arrow DAX 10,628.58 1.57
Arrow CAC-40 4,624.21 1.09
Arrow Nikkei 17,768.30 1.72
Arrow H.Seng 24,807.28 0.41
Arrow Sensex 29,571.04 1.00

ICT 2014

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