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German bond yields dip after PMI miss, ECB stimulus bets firm LONDON: German bond yields dipped on Thursday as disappointing business activity data fed demand for safe-haven assets and firmed up bets that the European Central Bank will adopt more stimulus measures.Markit's Composite Flash Purchasing Managers' Index for the euro zone, seen as a good growth indicator, fell to 51.4 in November, missing the lowest forecast in a Reuters poll. New orders dropped for the first time in over a year.The weak outlook prompted some investors to take refuge in top-rated German bonds, but there was little evidence of selling pressures in the bloc's riskier debt markets as accounts remained positioned for additional central bank easing.The ECB is set to start buying asset-backed securities this week, extending its purchase scheme from covered bonds, but many remain sceptical that this will help expand the central bank's balance sheet by the trillion euros pledged.These barriers, plus the weakening outlook, are enough to convince ...

Bund yields rise amid UK, US rate hike hints LONDON: German Bund yields rose on Wednesday after Bank of England minutes and data hinting at a rebound in the U.S. housing market provided evidence that a rate hike in both the UK and the U.S. could be on the cards.Bond traders and brokers said the move was exacerbated by pressure on the Bund future which traded through a technical level, prompting some investors to automatically sell."The BoE minutes were quite hawkish and maybe they ...
Bund yields edge up after BoE hawks stick to their guns LONDON: German Bund yields edged up on Wednesday after Bank of England minutes showed two policymakers again voted for rate hikes despite a weaker economic outlook -- a hawkish stance that some in the market anticipate from the Fed as well.There had been speculation that at least one previous voter for an immediate increase in interest rates might have backed down this month due to the increasing risk that weakness in the euro zone economy ...
Bund yields steady before German ZEW survey LONDON: German bond yields held steady on Tuesday before a survey expected to show more settled German investor and analyst morale in November after it plunged to its lowest in almost two years last month.The monthly ZEW survey is forecast to have edged back into positive territory after falling below zero last month, but this is unlikely to change market bets on further European Central Bank easing.On Monday a Bundesbank survey showed business confidence among ...
Gilts jump on Japan recession shock, weak UK inflation outlook LONDON: British government bond prices rose sharply on Monday as Japan's unexpected return to recession caused investors to seek safe-haven assets, and top officials at the Bank of England stressed the weak outlook for British inflation.The yield on 10-year British gilts fell as low as 2.077 percent, its lowest since Oct. 16. At 1236 GMT it was at 2.09 percent - down 3 basis points on the day.The yield premium that 10-year gilts offer over ...
Bund yields dip as Japan recession stokes fears over global economy LONDON: German bond yields fell on Monday after data showing Japan unexpectedly slipped into recession in the third quarter, stoking investor concerns about global growth.The world's third-largest economy contracted at an annualised rate of 1.6 percent in the period, way below the 2.1 percent expansion forecast by economists in a Reuters poll.The data, coupled with deteriorating relations between the West and Russia over the Ukraine conflict prompted investors to sell equities and park money in ...
Euro zone yields dip as ECB QE bets stay intact despite GDP uptick LONDON: Euro zone bond yields fell on Friday after data showed modest and patchy third quarter growth in the currency bloc, keeping intact bets for more easing from the European Central Bank. A preliminary estimate by the European Union's statistics office showed the euro zone economy expanded 0.2 percent quarter-on-quarter after Germany dodged recession and France beat market expectations. Growth remained uneven in the 18-nation bloc. Italy -- the biggest economy on its periphery -- ...


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