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Indian bonds hit 16-month highs ahead of RBI policy review MUMBAI: India's benchmark bonds rose to their highest level in over 16 months on Monday as investors drew comfort from the sustained fall in global crude oil prices while hoping for a surprise cut in interest rates by the central bank on Tuesday.Only 4 out of 45 analysts polled by Reuters expect the Reserve Bank of India to lower interest rates at its policy review, despite the sharp decline seen in retail inflation in recent months.Markets however, particularly debt and swaps, have been pricing in a 25-basis-points cut in rates and there is a risk of a sell-off in bonds if the central bank statement also remains elusive about rate cuts, dealers said.In the event of a rate cut though, the 10-year yield can drop to 7.85-7.90 percent, dealers added."I am not expecting a cut in rates. The 10-year bond yield could settle between 8.10-8.20 percent by end of day ...

Investors grab low-rated euro zone bonds, dismiss talk of QE hurdles LONDON: Low-rated euro zone bond yields dipped on Monday as investors bet on European Central Bank will deliver more stimulus despite comments to the contrary from one of its policymakers.Germany's Sabine Lautenschlaeger, a member of the ECB's six-strong executive board, said on Saturday that the hurdles to further stimulus were very high and purchases of sovereign debt, known as quantitative easing (QE), would not be positive.But with data on Monday showing euro zone factory growth ...

C$ weakens as falling oil prices outweigh robust GDP data TORONTO: The Canadian dollar fell sharply against the US dollar on Friday as tumbling US crude prices was the dominant driver for the currency, overshadowing higher-than-expected third-quarter Canadian growth figures.Crude oil prices hit a fresh four-year low following OPEC's decision on Thursday to keep current production levels unchanged, a move market participants said would leave oil markets oversupplied.US crude, in particular, was down nearly 6 percent from Wednesday's finish. US financial markets were closed on ...

China's yuan drops, set for 1st monthly decline since April SHANGHAI: China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months.By midday, spot yuan was at 6.1479 per dollar, its lowest level in two months, and 0.14 percent weaker than Thursday's close of 6.1392.The People's Bank of China (PBOC) fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix."The dollar purchase outweighs sales today, ...

Russian assets sink on oil price collapse MOSCOW: Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply. At 1000 GMT, the rouble was around 2.2 percent below the previous close at 49.72 roubles per dollar, and 1.7 percent weaker against the euro at 61.94 roubles. It earlier hit an all-time low of 49.90 to the dollar.Traders said market moves were exacerbated by thin volumes, which mean that ...

UK 10-year gilts' yield premium over Bunds hits 6-month low LONDON: The yield premium of 10-year British government bonds over German Bunds fell to a six-month low on Friday, extending recent outperformance after data showed euro zone annual inflation fell to 0.3 percent in November. Ten-year gilts' yield spread over Bunds tightened by more than 2 basis points on the day to hit 120 basis points, its lowest level since late May . Ten-year gilt yields fell to their lowest level since May 2013 at ...

Euro zone bond yields hold at lows as inflation outlook dims LONDON: Euro zone sovereign bond yields held near record lows on Friday, as falling energy prices pulled down consumer price growth across the bloc, raising the chances of more ECB stimulus. Preliminary data showed euro-wide inflation cooled to 0.3 percent in November, in line with analysts' estimates and down from 0.4 pct the previous month. Consumer inflation has not been at the ECB's target level of close to 2 percent since the start of 2013, ...


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