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Gloomy corporate news boosts Bunds before US data  LONDON: Bund futures rose on Friday as lacklustre corporate earnings, downgrades to French banks' ratings and record unemployment in Spain highlighted the pitfalls still facing the global economy.   Results from global giants Apple and Amazon undershot expectations overnight, while in Europe, Renault, Saint Gobain, Gucci and Publicis weighed in with gloomy earnings and outlooks, putting downward pressure on European stocks.   Standard & Poor's cut the rating of French banks including BNP Paribas - a stark reminder of the problems still besetting the euro zone's second largest economy - but French yields showed little reaction.   The bout of negative news whet appetite for safe-haven Bunds but they were seen trading within recent tight ranges ahead of US third quarter gross domestic product (GDP) data later in the day.   "Not only the corporate news but the economic data continue to be quite weak," Ricardo Barbieri, strategist at Mizuho said.   Other data showed French consumer confidence fell in ...

UK gilts underperform Bunds ahead of GDP data  LONDON: British government bonds dipped early on Thursday ahead of growth data that will offer a snapshot of the economy's health and further clues on whether the Bank of England will opt for more stimulus.   At 0750 GMT, the December gilt future was 37 ticks lower at 118.70, underperforming the equivalent Bund.   Economists polled by Reuters expect the third-quarter GDP data due at 0830 GMT to show quarterly growth of 0.6 percent, following three consecutive quarters of ...
Bunds pulled lower by Treasuries post-Fed  LONDON: German government bond futures fell at Thursday's open, hampered by falls in US Treasuries after the Federal Reserve held course on monetary policy.   But bond markets were mostly at an impasse, limiting moves, as they waited for a signal on when Spain may ask for financial aid, something necessary to enable the European Central Bank to buy its bonds.   Although Spanish bond yields have fallen in recent months and the country can currently finance itself, it ...
Bund futures reverse losses on weak business surveys  LONDON: German Bund futures reversed losses on Wednesday after a survey showed the country's private sector shrank more than expected for a sixth month in a row and a business sentiment indicator dropped.   Markit's composite Purchasing Managers Index (PMI), measuring activity in both manufacturing and services, dipped to 48.1 in October from 49.2 the previous month, remaining below the 50 mark that separates growth from contraction.   The Ifo business sentiment indicator for October was also weaker than ...
Bunds slip before 10-year bond auction  LONDON: German government bonds slipped at Wednesday's open before a 10-year Bund auction, with equity markets set to receive a boost after Chinese data signalled a growing economic recovery.   Financial markets are likely to remain cautious, however, as sentiment towards the region's peripheral issuers deteriorated on Tuesday after Moody's downgraded the credit ratings of five Spanish regions.   That change in sentiment is expected to boost demand for Germany's safe-haven paper at a bond sale on Wednesday.   Germany will ...
Swiss treasury will hold November bond auction  ZURICH: Switzerland will hold a federal bond auction on Nov. 14, its budget office said on Tuesday , taking advantage of extremely low interest rates.   The tenders on offer will be announced on Nov. 13, it said, using one of the optional dates that it sets each year in April, November and December.   Interest rates are at rock bottom in Switzerland due to the Swiss National Bank's efforts - including its currency cap at 1.20 per euro ...
Spanish yields rise as Moody LONDON: Spanish bond prices fell on Tuesday after Moody's downgraded five of the country's regions including economically important but deeply indebted Catalonia, while safe-haven German bonds gained.   Moody's, whose surprise decision to affirm Spain's investment grade credit rating last week prompted a sharp rally in its bonds, cut the regions by one or two notches, citing their limited cash reserves and forthcoming bond repayments.   They included the northern region of Catalonia, which accounts for a fifth of ...


Index Closing Chg%
Arrow DJIA 17,084.49 0.20
Arrow Nasdaq 4,830.47 0.41
Arrow S&P 2,014.89 0.07
Arrow FTSE 6,416.16 0.65
Arrow DAX 10,096.60 1.04
Arrow CAC-40 4,701.39 0.54
Arrow Nikkei 18,438.67 1.64
Arrow H.Seng 22,458.80 0.46
Arrow Sensex 27,079.51 0.87

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln