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Low-rated bond yields dip as oil slump firms QE bets LONDON: Low-rated euro zone bond yields slipped on Monday, as plunging oil prices bolstered expectations the ECB will soon do more to stimulate the region's economy, including purchasing sovereign bonds.Oil's fall to 5 1/2-year lows has served to justify bets the ECB will take steps to fight off deflation, which swap rates signal could set in over the next year. Two-year inflation swaps are dangerously close to zero.Investors snapped up Italian, Spanish and Portuguese bonds, which yield more than their German equivalents and are expected to outperform if the ECB introduces quantitative easing.Even Greek yields fell, despite being shaken by political jitters in recent weeks."If the oil price shifts medium-term inflation expectations, it just increases the prospect of more ECB easing," said Anton Heese, co-head of European interest rate strategy at Morgan Stanley.Economists polled by Reuters last week were near unanimous that the ECB would begin buying sovereign bonds within ...

Turkish lira, stocks slip on strong US data ISTANBUL: Turkey's lira and stocks slipped on Friday after strong US retail sales and declining jobless claims bolstered the case for an interest rate hike, which would tempt funds away from riskier emerging markets. Turkey would be especially vulnerable to a US rate hike because its large current account deficit is financed by foreign capital inflows. The lira slipped to 2.2735 against the dollar by 0834 GMT, from 2.2627 before the US data releases on ...
Euro zone bond yields fall as oil weighs on inflation, cements QE bets LONDON: Euro zone bond yields dipped on Friday as falling oil prices eroded inflation expectations, crystallising bets that the ECB will have to resort to further stimulus early next year.German 10-year yields, the euro zone benchmark, dipped below 0.65 percent, extending falls after Thursday's weak demand for the ECB's bank loans highlighted the problems it faces in inflating its balance sheet in a bid to boost consumer prices. Even with many expecting France's rating to ...
Greece to auction 1bn euros of 3-month T-bills on Dec. 17 ATHENS: Greece will sell 1 billion euros ($1.25 billion) of three-month treasury bills on December 17 to refinance a maturing issue, as part of its regular monthly auctions, the country's debt agency PDMA said on Friday. The settlement date will be December 19. Only primary dealers will be allowed to participate and no commission will be paid. Greece sold 1.6 billion euros of three-month treasury bills on Wednesday over its regular monthly auction. Athens has ...
Rouble edges lower; market subdued before central bank meets MOSCOW: The rouble edged lower on Wednesday in early trade, following softer oil prices, but its decline was more gradual than in recent days ahead of a central bank meeting on Thursday at which the market expects decisive action to support the currency. At 0725 GMT the rouble was down around 0.2 percent against the dollar at 54.15 and down 0.3 percent against the euro at 67.08. Global oil benchmark Brent fell around 1 percent ...
German Bunds rise as ECB's Nowotny sees weaker growth, inflation LONDON: German Bund futures rose on Monday after European Central Bank policymaker Ewald Nowotny said the euro zone was experiencing "massive weakening" in its economy and that he expected inflation to fall early next year.Nowotny said the ECB would have to discuss the pros and cons of government bond purchases and that quantitative easing could play a valuable role in addressing economic weakness.Bund futures were 47 ticks higher on the day at 152.40."They seem to ...
Turkish treasury says November cash surplus 3.24bn lira ISTANBUL: Turkey posted a cash surplus of 3.24 billion lira ($1.43 billion) in November and a primary cash surplus of 6.53 billion lira, treasury data showed on Friday. In the first 11 months, the cash deficit was 10.88 billion lira and the primary surplus was 28.37 billion lira. In 2013 as a whole, the cash deficit was 12.37 billion lira and the primary cash surplus was 24.34 billion lira. The cash budget measures the money ...


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
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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