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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 substantial 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 ($69 billion) a month into the euro zone economy from March until September 2016. The move boosted appetite for shares across Europe and Britain's FTSE 100 touched a peak of 6,808.18 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 and 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". Britain's FTSE ...

European stock markets cheer ECB QE PARIS: European stocks rallied on Thursday, with one index closing at a seven-year high, after the European Central Bank announced it would begin buying government bonds in a bid to revive the region's economy and stave off deflation. Banks and automakers were among the best performers, since they would benefit from cheap borrowing rates and a weaker euro. Raiffeisen Bank International rose 6.7 percent and Credit Agricole 3.4 percent. PSA Peugeot Citroen gained 4.9 percent ...
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 ...
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, ...

 



 
Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41






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