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Europe stocks fall, bond yields rise as ECB raises 2016 inflation forecast LONDON: European stocks cut gains and euro zone bond yields rose on Thursday after the European Central Bank lifted its 2016 inflation forecast to 1.5 percent from 1.3 percent. The euro, which hit a more than 11-year low earlier on Thursday, hit the day's high at $1.1115 before retreating to stand flat on the day at $1.1080. The pan-European FTSEurofirst 300 index trimmed its gains to trade 0.3 percent higher at 1,560.99 points. German Bund futures fell as low as 158.06, having traded around 158.45 when ECB President Mario Draghi started his news conference. The ECB sees 2017 inflation at 1.8 percent. It cut its 2015 forecast to 0.0 percent from 0.7 percent. The central bank sees the euro zone economy growing 1.5 percent this year, compared with a previous expectation for a 1.0 percent growth. "The GDP and inflation estimates were good. This might annoy the market regarding a ...

Turkish banking stocks fall on weak lira ISTANBUL: Turkish banking stocks fell sharply on Thursday as a weakening lira heightened inflation risks and as Citigroup's sale of a near 10 percent stake in Akbank hit the Turkish lender's shares.The banking index was down 4.1 percent by 1005 GMT, compared to a 2.2 percent fall in the wider Istanbul stock index . Akbank shares were down 5.12 percent.Copyright Reuters, 2015 ...
Monte dei Paschi shares volatile after details on treasury stake MILAN: Shares in Italian bank Monte dei Paschi di Siena were volatile in early trade on Thursday after the bank said the treasury would keep a 4 percent stake in the lender until the end of the year.The bank, which is due to launch a 3 billion euro capital increase to fill a shortfall uncovered by a Europe-wide health check of the sector, also said late on Wednesday it would launch a reverse stock split ...
Europe Factors to Watch-Shares seen mixed; eyes on ECB PARIS: European stocks were seen mixed on Thursday, with a batch of company results in focus ahead of the European Central bank meeting at which it is set to give further details on its massive bond-buying programme.Shares in Carrefour will be eyed after the world's second-largest retailer said it would boost capital expenditure this year as it seeks to cement a revival of its European hypermarkets and expand in the key emerging market of Brazil.Financial ...
European shares firm, but trim gains after PMI data LONDON: European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index (PMI) came in below the preliminary estimate and as investors took some profits from recent multi-year highs.Markit's final February Composite PMI came in at 53.3, against a preliminary estimate of 53.5. A PMI covering the euro zone's dominant service industry rose one point from January to 53.7 but was lower than a flash reading of 53.9."There's some disappointment ...
UK's FTSE stages late rebound as traffic growth boosts IAG LONDON: Britain's top share index rebounded late on Wednesday, helped by a surge in airline IAG due to strong traffic figures and by rallies in broadcaster ITV and bank Standard Chartered.The FTSE 100 snapped a three-day losing streak to end 0.4 percent higher at 6,919.24 points after trading as low as 6,862.87 points in the early part of the session.The FTSE has rallied more than 10 percent since mid-January, fuelled by anticipation of the European ...
Stronger automakers boost European shares to end near highs LONDON: European shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/2-year low against the dollar after U.S. services data.The dollar rose after the Institute for Supply Management said its services index rose to 56.9 in February against 56.5 predicted in a Reuters poll. The U.S. currency also strengthened against the euro ahead of the launch ...

 



 
Index Closing Chg%
Arrow DJIA 17,856.78 1.54
Arrow Nasdaq 4,927.37 1.11
Arrow S&P 2,071.26 1.42
Arrow FTSE 6,911.80 0.71
Arrow DAX 11,550.97 0.41
Arrow CAC-40 4,964.35 0.02
Arrow Nikkei 18,971.00 1.17
Arrow H.Seng 24,164.00 0.12
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln