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Bund futures fall after German, French GDP data  LONDON: German Bund futures fell on Tuesday after forecast-beating German and France growth data, easing concerns that the euro zone's two biggest economies were sliding into recession with the bloc's ailing periphery. Seasonally-adjusted data showed gross domestic product grew 0.3 percent in the second quarters on the back of solid exports and consumption. Earlier, figures showed French GDP was static in the second quarter confounding expectations of a contraction. Low-risk Bunds retreated after the figures but losses were capped by apprehension that wider euro zone growth numbers due at 0900 GMT would still show the currency bloc slid back into recession, led by its struggling peripheral states. "Maybe the fears were GDP was going to be worse but the German and the French numbers coming above forecast have soothed those fears so Bunds are falling," a trader said. "But I can't see (Bunds) moving far down. We still have (German sentiment) ZEW coming up. ...

Bunds fall back to middle of last week LONDON: German Bund futures fell in thin trade on Monday, with investors reluctant to trade beyond recent ranges due to uncertainty over how policymakers will act against a weaker economic outlook and high Italian and Spanish borrowing costs. Bund futures were last 39 ticks lower at 143.01, in the middle of last week's 142.17-143.66 trading range. Copyright Reuters, 2012

Spain 2-year yields rise, market wary of ECB conditions  LONDON: Short-term Spanish government bond yields rose slightly on Monday, with some investors expecting Madrid's debt crisis to worsen before policymakers make any move to lower its borrowing costs. Prospects of the European Central Bank resuming purchases of short-term Spanish and Italian bonds next month pushed Spanish two-year yields as low as 3.2 percent last week, but they have since pulled back up by around a point. On Monday, Spanish two-year yields were 12 basis points higher ...

Bunds pause after rally, markets wary of central bank moves  LONDON: German Bund futures were steady on Monday after rallying by almost a point in the previous session, with prospects for new action by global central banks limiting the appetite for safe haven assets. Poor trade data out of China and factory output figures out of the euro zone raised worries about global growth last week, pushing German Bund futures 84 ticks higher on Friday. But investors are also wary that a bleak economic output may lead ...

US bonds rally in Europe after weak Chinese data  LONDON: US government bonds rose sharply in Europe on Friday as investors snapped up safe-haven assets after below-forecast Chinese trade data fuelled worries about a slowdown in the world's second largest economy. China's exports grew 1.0 percent year-on-year in July, well below market expectations of an 8.6 percent rise, while imports grew 4.7 percent, against a 7.2 percent forecast. Benchmark 10-year T-note yields fell 5.5 basis points to 1.6420 percent, while T-note futures rose 21/64 to 133-25/32. "The ...

Nigeria to sell 75bn naira of domestic bonds in August  LAGOS: Nigeria plans to raise 75 billion naira ($472 mln) in local bonds with maturities of between five and 10 years at its regular auction on Aug. 15, the Debt Management Office (DMO) said on Friday. The debt office said it would sell 25 billion naira apiece of  five-, seven- and 10-year bonds with terms to maturity of four years and seven months, six years and nine months, and nine years and four months respectively.  The ...

Greece to sell 3.125bn euro 3-month T-bills Aug. 14  ATHENS: Greece will auction 3.125 billion euros ($3.83 billion) of three-month T-bills on August 14 to fund the rollover of a previous issue and repay a 3.2 billion euro bond maturing on Aug. 20, the country's debt agency PDMA said on Friday. The settlement date will be August 17. Only primary dealers will be allowed to participate and no commission will be paid. Monthly T-bill sales are Greece's sole source of market funding. Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

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