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Portuguese, Italian yields hit new lows as markets refocus on QE LONDON: Portuguese and Italian bond yields hit record lows on Friday as markets shook off any disappointment over the lack of European Central Bank action at its December meeting.Traders said investors refocused on the likelihood of future government bond purchases. President Mario Draghi said the ECB will decide early next year whether to ease monetary policy with such purchases, a process called quantitative easing (QE). Draghi gave his clearest signal yet on Thursday that QE may be on the cards and said opposition from Germany or other euro zone governments would not prevent the bank from acting. At the meeting, the ECB kept interest rates at record lows but slashed its growth and inflation forecasts. Italian 10-year yields hit a record low of 1.95 percent and Portuguese yields fell as low as 2.76 percent -- both down 5-7 basis points on the day, reversing Thursday's rise. Ten-year German yields, which ...

Euro zone bond yields see-saw as ECB meeting splits opinion LONDON: Euro zone bond yields see-sawed above record lows on Thursday as differences over what the ECB may do at its meeting later kept investors guessing.Some of Europe's largest funds are taking opposing positions ahead of the central bank's monthly meeting, which comes as the bloc's business activity comes close to contractiing and weak oil prices threaten deflation within a year.While the ECB could extend its asset purchases to buy corporate bonds, it is recent ...
Spain sells 10-year debt at record low yield as investors look to ECB MADRID: Spain sold 10-year debt at record low yields on Thursday as it drew strong demand in a triple bond auction, ahead of a European Central Bank meeting when investors will be looking for clues on further easing measures.The Spanish Treasury raised 3.5 billion euros ($4.3 billion) in total from the triple sale, the top of its target range for sales of between 2.5 billion and 3.5 billion euros.Expectations have been rising that the ECB ...
Russian yields rise to 11pc, rouble volatility at new record high LONDON: Russian 10-year rouble bond yields surged above 11 percent on Wednesday for the first time since 2009 and rouble volatility was at record highs even though apparent central bank action lifted the currency off all-time lows. Other emerging markets were also pressured by a stronger dollar, with some currencies such as the Malaysian ringgit and the Indonesian rupiah at five-year lows. MSCI's emerging share index was down 0.3 percent, though Chinese shares scaled new ...
Portugal sells 850mn euros in T-bills, yield drops LISBON: Portugal sold 850 million euros in one-year Treasury bills, more than the initially indicated offer of up to 750 million, at an auction on Wednesday with yields slipping in line with secondary market levels that are near record lows. Copyright Reuters, 2014 ...
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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

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