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German, French stocks open firmly PARIS: Share prices in Germany and France began the week on a strong note on Monday when the London market was closed for a holiday.In Frankfurt, the DAX 30 index was showing a gain of 1.13 percent to 9,444.46 points.Traders said that investors remained cautious regarding the crisis in eastern Ukraine.But they were encouraged by remarks by the head of the European Central Bank, Mario Draghi, in the United States on Friday saying that the bank would do everything necessary to ward off any threat of deflation.In Paris, the CAC 40 index also opened strongly, but gave up some of its gains after President Francois Hollande told his Prime Minister Manuel Valls to form a new government after weekend criticism of policy by Economy Minister Arnaud Montebourg.The index was up 1.09 percent at 4,299.36 points.Copyright AFP (Agence France-Presse), 2014 ...

Ukraine tensions knock stocks as dollar waits on Yellen LONDON: The high-flying dollar steadied on Friday as markets waited for steers on US monetary policy, while escalating tensions over Ukraine halted a strong run-up by European stocks.Fears the conflict would worsen before next week's meeting between Vladimir Putin and Ukraine President Petro Poroshenko pushed up safe-haven assets, but was not enough to distract markets from the main focus of when cheap and easy credit was likely to come to an end.US Federal Reserve Chair ...
Turkish markets mixed ahead of Yellen's speech ISTANBUL: Turkish markets were mixed on Friday as investors awaited US Federal Reserve Chair Janet Yellen's speech for signals on the timing of rate hikes. Attention also focused on the make-up of the next Turkish government, after Foreign Minister Ahmet Davutoglu was nominated as the next prime minister. The Fed hinted that a surprisingly strong recovery in the US jobs market may lead it to raise interest rates earlier than it had been expecting. Turkey ...
FTSE steadies near 3-week high, focus on Yellen LONDON: Britain's top share index steadied on Friday, with investors trading cautiously ahead of a speech by US Federal Reserve Chair Janet Yellen that could provide hints about the timing of a US rate hike.The blue-chip FTSE 100 was unchanged at 6,778.93 points by 0811 GMT after touching a three-week high.The UK market will be closed on Monday for a public holiday."Some hesitation ahead a of a long weekend is pretty understandable," Alastair McCaig, analyst ...
Polish bonds lead mild asset rise before Yellen speech BUDAPEST: Polish government bonds firmed on Friday, lifted by expectations of a central bank rate cut, while other Central European assets mostly edged higher ahead of a speech by Federal Reserve Chair Janet Yellen due later in the day.Sentiment was cautiously positive as investors bet that Yellen would remain fairly dovish about US monetary policy in her speech at an annual gathering of global central bankers at Jackson Hole, Wyoming.However, if Yellen strikes a more ...
Stocks resume climb on view Fed will stay loose LONDON: Emerging stocks resumed their upward trajectory on Friday, hitting three-year highs and heading for a gain of more than 1 percent for the week on the back of expectations that monetary policy in the United States will stay loose for now. The MSCI emerging index rose 0.4 percent on hopes that Federal Reserve Chair Janet Yellen will signal at an annual gathering of central bankers later on Friday in Jackson Hole, Wyoming, that interest ...
Russian shares lower as Moscow warns over aid convoy MOSCOW: Russian shares fell back on Friday after a 10-day rally, as investors focused on tensions in Ukraine after the foreign mnistry in Moscow warned against disrupting an aid convoy that finally crossed the border after a delay of several days. Speculation about a speech later in the day by the head of the Federal Reserve that could clarify signals on when US interest rates might rise added to the cautious mood. At 0855 GMT, ...


Index Closing Chg%
Arrow DJIA 17,098.45 0.11
Arrow Nasdaq 4,580.27 0.50
Arrow S&P 2,003.37 0.33
Arrow FTSE 6,825.31 0.08
Arrow DAX 9,479.03 0.09
Arrow CAC-40 4,379.73 0.03
Arrow Nikkei 15,476.60 0.34
Arrow H.Seng 24,752.09 0.04
Arrow Sensex 26,867.55 0.86

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln