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UK gilts hit five-week high on global economy worries LONDON: British government bond prices hit their highest level in more than a month on Thursday, boosted by gloomy business surveys from the euro zone and China that sounded warning bells for the global economy.As global equities retreated sharply, the 10-year gilt troughed at 2.072 percent, its lowest level since Oct. 16.At 1505 GMT it was at 2.0 percent - down around 5 basis points on the day and on track for its biggest fall this week.The five-year British government bond yield also touched its lowest level since Oct. 16.British government bond prices were boosted last week by forecasts from the Bank of England that showed a weak outlook for inflation and by comments from its governor, Mark Carney, who said markets were right to price in looser monetary policy.Gilts showed little reaction to better-than-expected British retail sales data. But yields dropped sharply on the publication of a German survey ...

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 ...
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 ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

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 22, 2015
Reserves $10.331 bln