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LONDON: German government bonds fell on Tuesday as equities rose on upbeat earnings, with trading likely to stay volatile ahead of Wednesday's European summit, where deep divisions threaten to derail a comprehensive plan to tackle the debt crisis. Bund futures traded in an 80-tick range in ultra-thin volumes with long-term investors seen sidelined before the outcome of the summit. Sharp differences over the extent of losses private holders of Greek bonds would have to accept remain a huge risk to a successful outcome. "The movements that we are seeing just fickle position squaring before the meeting," Sean Maloney, a rate strategist at Nomura, said. "We're shifting between glass-half-full, glass-half-empty and we are doing it on a continuous basis. With the flow of headlines that we are getting it's very difficult to form any sort of conviction around the price action." The December Bund future was last 33 ticks down on the day at ...

Bunds inch up on wariness before EU summit        LONDON: German Bund futures nudged up on Tuesday with investors wary Wednesday's summit will deliver a convincing plan to tackle the debt crisis as divisions remained over the extent of losses private holders of Greek bonds would have to accept. Adding to the uncertainty, German lawmakers secured a full parliamentary vote on euro zone crisis measures negotiated by Chancellor Angela Merkel and her peers, a move which risked delaying Europe's response to its two-year debt problems. Merkel ...
Gilts close at 10-day low, looming syndication weighs  LONDON: British gilt futures settled at a 10-day low on Monday after a late share price rally dispelled some concern about Sunday's inconclusive European Union summit, while a looming 50-year index-linked gilt syndication weighed on longer maturities. Markets will also watch closely Bank of England Governor Mervyn King's testimony to parliament's Treasury Committee on Tuesday about the recent decision to launch another round of quantitative easing. British share prices closed at their highest level since Aug. 3, ...
ECB doubles bond buys as yields rise FRANKFURT: The European Central Bank made its heaviest interventions in five weeks on the sovereign bond markets last week as euro zone governments sought to prevent a disorderly Greek default and peripheral debt yields rose after bond auctions. ECB figures published on Monday showed the bank doubled its purchases to 4.49 billion euros worth of bonds in the period Oct. 13 - 19 from 2.243 billion the previous week. It was the highest weekly total since ...
Greek bond write-down nearer 50pc: Belgian PARIS: Euro zone countries will have to agree to a write-down on Greek debt of around half their value, Belgian Finance Minister Didier Reynders told France 24 television in an interview broadcast on Saturday. Referring to previous discussions of a 21 percent "haircut", Reynders said: "We will have to at least double that. I think we won't be far away from abandoning half of the debt." The finance minister said that a mechanism would need to be ...
Gilts hit one-week low on prospect of EU debt deal  LONDON: Gilt futures closed at a one-week low on Friday after a broad rally in riskier assets as investors bet on a deal to resolve the euro zone's debt crisis in the coming days. The looming launch of a new 50-year index-linked gilt was also weighing on the gilt market, particularly at the long end, counteracting some of the boost that might otherwise have come from better-than-expected public finances data. The December gilt future settled 63 ticks ...
Bund futures fall on EFSF bond buy guidelines LONDON: German Bund futures fell on Thursday after the release of a document outlining how the euro zone's rescue fund can buy government bonds on the secondary market. The European Financial Stability Facility (EFSF) would be able to buy bonds in the secondary market on request from a euro zone country, Reuters reported, quoting the guideline document. Bund futures fell to a session low of 134.62, down 47 ticks on the day after the headlines. ...

 



 
Index Closing Chg%
Arrow DJIA 15,354.40 0.80
Arrow Nasdaq 3,498.97 0.97
Arrow S&P 1,667.47 1.03
Arrow FTSE 6,723.06 0.53
Arrow DAX 8,398.00 0.34
Arrow CAC-40 4,001.27 0.56
Arrow Nikkei 15,138.12 0.67
Arrow H.Seng 23,082.68 0.17
Arrow Sensex 20,286.12 0.19






Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyFBS July-June
Trade Balance $-21.271 bln
Exports $23.641 bln
Imports $44.912 bln
WeeklyMay 13, 2013
Reserves $11.863 bln