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South Korea won gains on offshore inflows, Q2 GDP eyed SEOUL: The South Korean won rose for a third session early on Wednesday but most investors were in a cautious mood ahead of second-quarter growth data, the government's revised economic forecasts and policy measures to be announced the following day. The local currency was quoted at 1,022.2 to the dollar as of 0214 GMT, up 0.21 percent from Tuesday's close at 1,024.4. "Although expectations of policy changes, chiefly interest rate cuts, contributed to the won's fall (last week), a combination of increased appetite for riskier assets, gains in Asian currencies and continued foreign net buys in local shares are strengthening the won," said Son Eun-jeong, an analyst at Woori Futures. The Korea Composite Stock Price Index (KOSPI) was flat on Wednesday, quoted at 2,029.50 points as of 0214 GMT and up 0.03 percent from Tuesday's onshore close at 2,028.93.Shares touched 2,035.24 points near mid-session, their highest intraday level this year.Shipbuilders ...


Dollar firms to 8-month high against euro NEW YORK: The dollar firmed on Tuesday against most other major currencies, especially the euro, as easing US consumer inflation data pointed to the Federal Reserve keeping a steady course on interest rates.The pace of inflation slowed in June, the Labor Department reported. The department's consumer price index rose 0.3 percent last month, after a hefty 0.4 percent rise in May.Excluding food and energy prices, core CPI inched up 0.1 percent, after a 0.3 percent ...

South Africa's rand holds its own despite global tensions, local strike JOHANNESBURG: South Africa's rand traded virtually unchanged against the dollar on Tuesday, with market watchers expecting the currency to stay in narrow ranges given a lack of significant news to steer it.The rand has been resilient despite general global risk aversion spawned by political tensions in Ukraine and the Middle East, coupled with a domestic wage strike by metals and engineering workers now entering its fourth week.At 0647 GMT the currency traded at 10.6125 versus ...

Sri Lanka rupee steady near 3-week low; seen facing downward pressure COLOMBO: The Sri Lankan rupee traded steady near its three-week low on Tuesday in dull trade, but dealers said the currency could face some downward pressure during the week due to import bills.The rupee was at 130.29/32 per dollar at 0632 GMT, little changed from Monday's close of 130.30/32. Early last week, it hit a more than one-year closing high."We do not see much pressure on the currency. But there are some heavy import bills ...

Aussie ticks higher, yen eases back LONDON: The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.The yen was a touch lower after a couple of days of raised nerves over the situation in Ukraine and Gaza that had driven the traditional safe haven close to its highest in two months against the ...

Kenyan shilling steady, seen in tight range NAIROBI: The Kenyan shilling was treading water against the dollar on Tuesday and looked likely to stay in a tight range in coming days as the market expects the central bank would step in to keep it from appreciating, traders said.At 0715 GMT, commercial banks quoted the shilling at 87.75/85 to the dollar, unchanged from Monday's close."It's going to be range bound for now," said Andlip Nazir, senior trader at I&M Bank.Traders forecast a range ...

Dollar index rises to 6-week high LONDON: The dollar index rose to a six-week high on Tuesday, buoyed by its gains against the euro as speculators bet on a robust inflation reading in the United States to contrast with the very low price growth in the euro zone.Both headline and core consumer price index rates are seen steady at 2.1 percent and 2.0 percent respectively, with stronger data likely to push the euro below key support in the $1.3475/80 area, traders ...


 



 
IndexClosingChg%
ArrowDJIA 17,113.54 0.36
ArrowNasdaq 4,456.02 0.71
ArrowS&P 1,983.53 0.50
ArrowFTSE 6,795.34 0.99
ArrowDAX 9,734.33 1.27
ArrowCAC-40 4,369.52 1.50
ArrowNikkei 15,343.28 0.84
ArrowH.Seng 23,782.11 1.69
ArrowSensex 26,025.80 1.21





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln