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Kenyan shilling weakens on end-month dollar buying, shares fall NAIROBI: The Kenyan shilling edged down against the dollar on Friday with companies in the energy and manufacturing sectors buying the US currency, while shares fell.The shilling closed at 89.40/50, slightly down from Thursday's close of 89.30/40."This is just due to usual end of the month and end of the week covering. There was also a bit of demand from energy companies and manufacturers," Sheikh Mehran, head of trading at I&M bank.During the week, traders said the shilling was supported by demand for a 12-year infrastructure bond worth 20 billion shillings ($224 million) offered by the central bank.Investors have been keen on the bond because it is exempted from tax and also has relatively good yields, traders said.Traders say the shilling, which has lost about 3 percent to the dollar this year, is forecast to trade within a range of 88.70 to 89.50 range early next week.On the Nairobi Securities ...

Euro hits six-week high vs yen after in-line inflation reading LONDON: The euro pared losses against the dollar and hit a six-week high against the yen on Friday after data showed euro zone prices rising in October, offering some relief to those who had geared up for a softer reading after German inflation numbers. Eurostat said consumer prices in the euro zone rose by 0.4 percent in October, in line with market expectations, the day after inflation in Germany, Europe's largest economy, slowed in October ...

Yen slides to seven-year low after surprise BoJ policy easing LONDON: The yen tumbled to its lowest level in nearly seven years against the dollar on Friday, putting it on track for its biggest losses in 18 months, after the Bank of Japan shocked markets by unexpectedly easing policy further. In a pre-emptive move to combat risks of deflation, the BoJ unleashed another round of quantitative easing. It raised its monetary base target to an annual increase of 80 trillion yen ($724.5 billion) from 60-70 ...

Rouble volatility jumps to record above 20pc after rate rise LONDON: One-month implied volatility on the rouble - a gauge of expected swings in a currency - surged to new record highs on Friday, as the spot exchange rate resumed its slide after shrugging off an outsize 150 basis-point interest rate rise. The Russian currency's relentless depreciation in recent weeks was abruptly halted on Thursday and it ralllied more than 3 percent ahead of the central bank decision. But the rouble resumed its slide after ...

Indian rupee closes higher on foreign inflows, bucks weak Asia peers MUMBAI: The Indian rupee shrugged off weakness in major Asian currencies to post a modest gain Friday on strong foreign inflows, reversing the depreciating trend of the last three days. The Bank of Japan's surpise monetary stimulus strengthened the dollar, causing a slide in the Yen as well as other major Asian currencies and nibbling away at the rupee's gains on the day. For the month, most Asian currencies reported losses barring the Indonesian rupiah ...

Sri Lankan rupee forwards fall on importer dollar demand COLOMBO: Sri Lankan rupee forwards fell slightly on Friday due to importer dollar demand, but moral suasion by the central bank prevented them from falling below 131.00, dealers said.The spot currency was not quoted due to moral suasion, dealers said. It closed at 130.85/90 per dollar on Thursday.Three-day forwards, or spot next, were actively traded in the absence of spot trade. Spot next was traded at 131.00/05 per dollar compared with Thursday's close of 130.90/131.00."There ...

Yen plunges to near seven-year low in Tokyo after BoJ easing TOKYO: The yen plunged to a near seven-year low in Asia on Friday after the Bank of Japan said it would expand its already vast asset-purchasing programme in a bid to kickstart the economy.The dollar rallied to 110.68 yen -- its highest since January 2008 -- in Tokyo after the surprise announcement, up from 109.36 yen in the morning and 109.22 yen in New York Thursday."We are getting a bunch of orders" including those from ...


ArrowDJIA 17,195.42 1.30
ArrowNasdaq 4,566.14 0.37
ArrowS&P 1,994.65 0.62
ArrowFTSE 6,463.55 0.15
ArrowDAX 9,114.84 0.35
ArrowCAC-40 4,141.24 0.74
ArrowNikkei 15,658.00 1.67
ArrowH.Seng 23,702.04 1.49
ArrowSensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln