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Euro zone stocks at 3-month lows on Italian vote stalemate   LONDON: Euro zone shares sank to three-month lows on Tuesday after an Italian election stalemate renewed concerns about the future of the euro zone and sent investors in search of insurance against a deeper sell-off.   No group managed to secure a majority in the Italian parliament, heralding weeks of political uncertainty and raising the prospect of a government of sworn enemies - the centre right led by former prime minister Silvio Berlusconi and the centre left under Pier Luigi Bersani.   "In the medium term we think that Italy is unlikely to abandon reforms or leave the euro, but the politics before then could turn into a game of chicken. And equity markets really hate games of chicken," said Derry Pickford, macro analyst at investment manager Ashburton.   Italy's benchmark FTSE MIB index sank 4.9 percent to 15,552.20 points, posting its biggest daily fall in nearly a year and with all but two of its ...


A$ off lows on Fed QE commitment, pressured by yen           SYDNEY/WELLINGTON: The Australian dollar clawed back from a 4-1/2-month low against the US dollar on Wednesday after the head of the US Federal Reserve countered speculation of an early end to bond buying, giving a lift to equities and risk sentiment.   The Antipodean currencies remained under pressure against the yen as the fallout from Italy's deadlocked election triggered a huge fall in euro/yen, which spilled over into other crosses.   The New Zealand dollar underperformed with a 1 ...

Indian rupee weakens on month-end dollar demand MUMBAI: The Indian rupee weakened on Tuesday, retreating sharply from a more than one-week high touched in the previous session, hit by a global sell-off of risk assets and month-end dollar demand from importers. Italy's inconclusive election result sparked a sell-off on world equity markets and sent safe-haven German bond yields sharply lower as investors feared a resurgence of the euro zone debt crisis. Caution is expected to prevail ahead of the 2013/14 budget to ...

Euro recovers early losses, but reignited euro zone fears remain LONDON: The euro recovered against the dollar on Tuesday as investors chose to buy back the single currency after it plummeted to a seven-week low earlier on fears of a political deadlock in Italy could cause wider problems. Gains in the euro may, however, prove short-lived, according to some strategists, as the inconclusive election in Italy threatens to hinder economic reforms there and trigger a renewed euro zone crisis. A fragmented parliament in Italy, the ...

Turkish lira, shares down after Italian vote deadlock ISTANBUL: Turkish shares and the lira weakened on Tuesday as investors sold riskier assets after the central bank cut rates and an indecisive Italian election fuelled fears of political instability, while bond yields were flat.Turkey's central bank cut its overnight lending and borrowing rates by 25 basis points on Feb. 19 to prevent speculative capital inflows from boosting the lira currency too sharply.Italy faced a political vacuum after a huge protest vote left no party ...

Euro weakens in Asia after Italy vote TOKYO: The euro's brief rally on Tuesday morning fizzled as investors flocked to the safe-haven yen after Italian elections left no clear winner, fuelling fears political instability could tip the eurozone back into crisis.The result from Sunday's poll, which stoked a euro sell-off in New York, led markets watchers to fear that Rome could backtrack on some of its recent economic reforms that have been put in place to pay down its huge debts."Investors were ...

Euro/dollar skids to nearly 7-week low on Italy vote concerns TOKYO: The euro skidded to an almost seven-week low against the dollar in Asia on Tuesday, after political uncertainty following an Italian election rekindled fears about the euro zone's debt crisis.The euro fell as far as $1.3042, its lowest since Jan. 10.Italy's centre left won the lower house as widely expected, but projections by Italian media indicate no party or coalition will be able to form a majority in the upper house, or Senate.Copyright Reuters, ...


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln