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European stocks rise in light holiday trade LONDON: Europe's stock markets rose Thursday in light holiday trade, after US stocks climbed higher following a mixed batch of US economic data and corporate earnings.Trading was subdued in Europe owing to a public holiday in Germany and France, but the markets remained open.London's benchmark FTSE 100 index of leading companies closed up 0.34 percent to 6,973.04 points.In Paris, the CAC 40 rose 1.36 percent to 5,029.31 points, while the DAX 30 in Frankfurt climbed 1.84 percent to 11,559.82 points compared with Wednesday's close.The euro meanwhile rallied to a three-month peak at $1.1445, before slipping to $1.1363, which was still up from $1.1354 late in New York on Wednesday, extending gains on bright eurozone economic growth data. "The US stock markets have surged today, tracking gains seen across Europe. It is not clear why sentiment has turned this bullish all of a sudden, but the unexpected drop in the weekly ...

FTSE ends higher; 3i Group leads after strong earnings LONDON: Britain's FTSE 100 index ended higher on Thursday, with encouraging updates from companies such as 3i Group supporting the broader stock market.Private-equity group 3i rose 3 percent, the biggest gain in the FTSE 100, after it reached the end of a three-year restructuring with strong earnings growth at its portfolio companies."The group remains cautious about the current environment given high financial market valuations and increased currency volatility. However it looks forward with confidence, with ...
Euro at 3-month high, bond yields key LONDON: The euro hit a three-month high against the dollar on Thursday, lifted by another lurch higher in euro zone government bond yields that again kept global stock markets in check.Investors digested figures from the previous day that showed relatively strong euro zone economic growth in the first quarter, contrasting with disappointingly weak U.S. retail sales in April.The euro shot above $1.14, bringing its gains against the U.S. currency in the last month to nearly ...
European shares up on steel rally, easing of bond sell-off fears LONDON/EDINBURGH: European shares rose on Thursday, helped by a rally in steel company stocks after a report that the European Commission had opened an anti-dumping inquiry into imports of cold rolled steel from Russia and China. The European Commission has set tariffs on imports of grain-oriented, flat-rolled electrical steel (GOES) following a complaint lodged in June 2014 by the European steel producers association, Eurofer. The pan-European FTSEurofirst 300 index, which had at one stage been ...
European stocks drop at open LONDON: European stock markets fell at the start of trading on Thursday, with London's benchmark FTSE 100 index down 0.41 percent at 6,921.22 points.Elsewhere, the CAC 40 in Paris shed 0.39 percent to 4,942.49 points and Frankfurt's DAX 30 reversed 0.42 percent to 11,304 compared with Wednesday's close.Asian equities mostly retreated Thursday following another set of below-forecast US data, with Tokyo taking the biggest hit as the yen advanced against the dollar.Wall Street had finished ...
Rebound in European shares halted as euro rises LONDON: European shares fell on Wednesday as weak U.S data moved the euro higher and impacted the region's stock markets, whose export-led companies have benefited up till now from a drop in the euro currency.Record low interest rates set by the European Central Bank (ECB) have kept a lid on the euro and buoyed European stocks, but signs of a slight rebound in the euro on foreign exchange markets have led to volatile share price ...
Britain's FTSE stock index ends flat after weak US retail data LONDON: Britain's top share index was broadly flat but outperformed Europe on Wednesday after weak U.S. retail data erased gains on the back of the Bank of England saying it will raise rates in about a year's time.The blue-chip FTSE 100 closed up 0.2 percent at 6,949.63 points by 1525 GMT after falling 1.4 percent in the previous session. It is up about 6 percent so far this year.The BoE cut growth forecasts for UK ...


Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln