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European stocks falter as oil reaches new lows LONDON: European stock markets slid further on Tuesday following heavy losses across Asia, as oil prices struck fresh five-year lows before recovering slightly.The euro rallied against the dollar a day after the European single currency hit a two-year trough against the US currency.While oil companies are feeling the pressure of sliding crude prices, the biggest share price fall in London on Tuesday was supermarket giant Tesco after Britain's biggest retailer unveiled a fresh profits-warning.In early afternoon deals, London's benchmark FTSE 100 index stood at 6,593.51 points, down 1.18 percent compared with Monday's close.Frankfurt's DAX 30 lost 0.92 percent to 9,922.85 points and the CAC 40 in Paris slumped 1.31 percent to 4,317.96."European shares are trading sharply lower... seeing some follow-through selling on the back of yesterday's declines and very weak Chinese stock markets overnight," said Markus Huber, senior analyst at brokers Peregrine & Black.Shanghai shares plunged more than five percent ...

Weaker energy stocks hit European equities, Greek shares slump LONDON: European shares hit a two-week low on Tuesday, with a further slide in crude oil prices hitting energy stocks.Greek stocks sank 6.6 percent, a day after the government announced it would bring forward a presidential vote by two months. Greek banks fell sharply, with National Bank of Greece down 8.8 percent and Alpha Bank dropping 7.9 percent.Shares in British grocer Tesco plunged after another profit warning, down 11.9 percent after hitting their lowest in ...
Chinese stocks shift to reverse, falling oil hits rouble LONDON: Chinese stocks fell hard on Tuesday, posting their biggest one-day fall since the financial crisis as gloom pervading emerging markets hit the world's second largest economy.Sentiment towards emerging markets has taken a knock in recent months from a rising U.S. dollar which has lured speculative money away while assets in energy exporters such as Russia and Nigeria have taken a knock from a falling oil price.China's Shanghai Composite Index was down 5.3 percent at ...
Britain's FTSE slumps as Tesco tanks LONDON: Britain's main equity index fell to one-month lows on Tuesday as another profit warning from supermarket retailer Tesco hit the market.Shares in Tesco at one stage dipped as much as 17 percent, their lowest level in around 14 years and wiping around 2.6 billion pounds ($4.1 billion) off Tesco's market capitalisation.Tesco cut profit expectations for the fourth time this year, blaming the cost of trying to recover from an accounting scandal and a slide ...
Oil hits five-year low, crushing risk appetite LONDON: Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares.The Greek government brought forward a presidential vote to next week in a gamble that could trigger parliamentary polls if Prime Minister Antonis Samaras fails to have his candidate elected. Greek government bond yields soared 47 basis points to 7.81 percent.Chinese shares notched up their biggest daily percentage loss in more ...
UK's FTSE retreats as weak China data hits mining stocks LONDON: Britain's top equity index retreated on Monday, with commodity stocks hurt by concerns about the pace of global economic growth following disappointing macroeconomic data from China.The blue chip FTSE 100 index was down by 0.7 percent at 6,693.36 points going into the middle of the trading session, marking a pullback after ending 1 percent higher on Friday.The UK mining index fell 0.5 percent after data showed China's imports shrank unexpectedly in November while export ...
Euro zone warning hits stocks, currency as oil plumbs depths LONDON: European stocks and the euro felt the effects on Monday of a stark warning about the currency bloc's economic prospects, keeping pressure on rock-bottom oil prices following weak data from Asia.ECB policymaker Ewald Nowotny's warning of a "massive weakening" of the economy followed a rating downgrade in the bloc's third largest economy Italy, buoying bond markets as investors positioned for a fresh round of central bank stimulus.Europe's index of top shares, the FTSEurofirst, dipped ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln