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UK gilt futures hit 8-day high on growth worries  LONDON: British gilt futures rallied to an eight-day high on Thursday after weak Chinese and euro zone business activity surveys increased global demand for safe-haven government debt and helped ensure solid demand at a sale of five-year gilts. Purchasing managers' indices, which survey thousands of companies worldwide every month, showed a widening chasm between sickly France and a more resilient Germany and an 11th successive monthly fall in Chinese factory activity.  December gilt futures settled 45 ticks higher at 119.67, in line with the equivalent Bund and close to the eight-day high of 119.76 set earlier in the session.  Ten-year gilt yields were 4 basis points lower at 1.80 percent and their yield spread over Bunds was unchanged on the day at 22 basis points. "The main driver of gilts today is risk markets," said Nick Stamenkovic, fixed-income strategist at RIA Capital Markets. "Renewed economic growth worries in euro land, China and Japan have caused ...

Bonds pare gains after 10-year TIPS sale  NEW YORK: US government debt prices pared earlier gains mid-afternoon Thursday after weak demand at an auction of $13 billion worth of 10-year Treasury Inflation-Protected Securities. Treasuries prices briefly turned flat in reaction to the results on the 10-year TIPS sale, whose overall bidding came in at its weakest since April 2009. Benchmark US 10-year Treasury notes last traded up 3/32 in price, yielding 1.763 percent, down 1 basis point from Wednesday's close. Copyright AFP (Agence France-Presse), 2012 ...

France raises 7.965bn euros in mixed bond auction  PARIS: France raised 7.965 billion euros ($10.35 billion) in a medium-term bond issue on Thursday, said Agence France Tresor, which managed the auction. The interest rate on bonds with two and four year maturities fell while that for bonds coming to term in five years rose in the auction in which France sought to raise between 7 and 8 billion euros. France paid an average interest rate of 0.2 percent for 3.165 billion euros worth of two-year ...

London Olympics fail to boost British official retail sales  LONDON: British retailers failed to win a major boost from the London Olympic Games, official data showed on Thursday, with online sales slumping despite Britons staying at home to watch the sporting spectacle. Sales volumes fell 0.2 percent in August compared with July, the Office for National Statistics (ONS) said in a statement. That tallied with market expectations, according to analysts polled by Dow Jones Newswires. The ONS added that sales in August grew 2.7 percent compared ...

Spain places 10-year bonds at lower rate of 5.666pc  MADRID: Spain borrowed 4.799 billion euros ($6.25 billion) in bond auctions on Thursday, paying sharply reduced interest rates for the critical long maturity of 10 years. Spain, fighting to avoid having to seek rescue funding, placed its 10-year bonds at an average rate of 5.666 percent, down from 6.647 percent at the last such auction on August 2. A rate of below 6.0 percent is considered important for Spain, since borrowing rates above this level are seen ...

Spain sells 4.8bn euros of bonds, beats target  MADRID: Spain comfortably sold 4.8 billion euros of bonds on Thursday, passing a second test of appetite for its debt this week even if doubts remain over how long relatively benign market conditions will persist as the country dithers over European aid. The Treasury sold 859 million euros of a key 10-year bond, and 3.9 billion euros of a new three-year issue, which together were well above the 3.5 billion to 4.5 billion euro target. Financing costs ...

Turkish bond yields slightly up; Olmuksa shares rise  ISTANBUL: Turkish bond yields rose slightly on Thursday as investors awaited next week's debt auctions and on the stock market Olmuksa shares were up almost five percent after the parent firm sold its stake in the paper and cardboard maker.  The lira was trading flat and Istanbul's main share index was just below flat following weakness in Asian markets.  Turkey's two-year benchmark bond yield stood at 7.41 percent, slightly up from Wednesday's close of 7.39 percent. "Next week's ...


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln