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Italian yields fall below 2pc for first time as ECB easing eyed LONDON: Italian yields fell below 2 percent on Wednesday for the first time as markets expected the European Central Bank to pave the way for government bond purchases when it meets this week.Most euro zone bond yields headed back towards record lows as data showing business activity in the bloc grew less than expected in November, and a skid in oil prices, have piled on pressure for the ECB to do more to boost growth and fend off deflation. While the ECB is not expected to impose any measures straight after Thursday's meeting, with policymakers still assessing recently launched asset-backed securities and covered bond purchases, President Mario Draghi's news conference will be closely watched for a steer on the timing of further stimulus. Italian 10-year yields fell 5 basis points to an all-time low of 1.976 percent with Spanish equivalents down by a similar amount at a record low of ...

Brent oil holds above $70 in volatile post-OPEC trade LONDON: Brent oil held above $70 a barrel on Wednesday in choppy trading as the market searched for a price floor after a nearly 40 percent fall since June. Trade in oil has been volatile since the Organization of the Petroleum Exporting Countries (OPEC) said last week it would not lower output despite an oversupplied market. Brent hit a five-year low below $68 a barrel on Monday after averaging around $110 a barrel in 2011 ...

India's benchmark 10-year bond yield at 16-1/2 month low post RBI policy MUMBAI: India's benchmark 10-year bond yield dropped to its lowest level in 16-1/2 months on Tuesday after the central bank's monetary policy statement raised hopes for a rate cut in the early part of 2015.The Reserve Bank of India held interest rates steady as widely expected at a policy review and said it could ease monetary policy early next year provided inflationary pressures do not reappear and the government controls the fiscal deficit.The benchmark 10-year ...

JGBs mostly edge down after tepid auction, downgrade TOKYO: Japanese government bonds mostly slumped on Tuesday, as the first auction following Moody's cut to Japan's sovereign rating met with tepid demand from investors. The yield on the 5-year Japanese government bond edged down to a record low, as the Bank of Japan's massive bond buying programme keeps pressure on the shorter end of the yield curve."The auction today was not so good, showing people are cautious, but that's not just because of the ...

Italy treasury will not seek CDP special dividend MILAN: The Italian treasury has dropped a request for a special dividend of 1.2 billion euros ($1.5 billion) from state holding company Cassa Depositi e Prestiti, a Treasury source said, as the government looks to use the firm to help troubled steel maker Ilva. Prime Minister Matteo Renzi said on Sunday that if no private buyer could be found for Ilva, he was open to "public intervention" to save jobs and output at its plant ...

Australian & NZ dollars off lows, await RBA SYDNEY/WELLINGTON: The Australian dollar eased off four-year lows on Tuesday after a rebound in commodity prices caused a sharp squeeze of bearish positions. Traders were awaiting the Reserve Bank of Australia's (RBA) monthly policy review and the tone of its statement at 0330 GMT.The central bank is considered certain to hold rates steady for a 16 straight month at a record low of 2.5 percent but could again note the Aussie was high by most ...

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 ...


Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln