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european stocks 400LONDON: European stock markets soared Wednesday, making a bright start on the first trading day of 2013, as investors welcomed news that the United States has clinched a deal to avert the so-called fiscal cliff.

 

In opening trade, London's FTSE 100 index of top companies jumped 1.28 percent at 5,973.07 points, Frankfurt's DAX 30 index won 1.01 percent to 7,689.46 points and in Paris the CAC 40 rallied 1.73 percent to 3,703.97.

 

"It may have come at the last minute, but US lawmakers finally managed to find some common ground by voting through a package of policies designed to avoid the immediate fiscal cliff," said ETX Capital trader Joe Rundle.

 

"Financial markets have responded accordingly with Asian shares performing strongly and European markets posting sharp gains in the first trading day of 2013 and US markets are likely to react in the same fashion."

 

Copyright AFP (Agence France-Presse), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln