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Sterling stays weak versus euro, vulnerable to UK worries LONDON: Sterling edged away from a 9-1/2 month low against the euro on Tuesday as investors took profit on the euro's recent gains, but it remained vulnerable to renewed selling on concerns about a fragile British economy.   Data showed UK annual CPI inflation remained at 2.7 percent in December, in line with expectations and staying well above the Bank of England's 2.0 percent target.   Elevated inflation may discourage the bank's policymakers from opting for further quantitative easing in the coming months and the pound rose very briefly against the dollar after the data.   However, it quickly turned lower, with analysts saying there were concerns that high inflation could worsen an already weak economy by reducing British consumers' spending power.   Traders also said some in the market had positioned for an above-forecast number.   "There was a bit of a muted reaction to the CPI data. It didn't deliver any shocks and was hard for the market ...


Sri Lanka rupee slips on importer dollar demand COLOMBO: The Sri Lankan rupee edged down on Tuesday due to importer dollar demand, but currency dealers said foreign inflows into government securities could boost the currency in the near term.   The rupee closed at 126.50/60 to the dollar from Friday's close of 126.25/26, traders said. Both stock and foreign exchange markets were closed for a public holiday on Monday.   "We still see foreign inflows into T-bonds and bills," a currency dealer said on condition of anonymity. ...

Indian shares touch 2-year highs; ITC, telcos surge MUMBAI: Indian shares rose for a second consecutive session on Tuesday to touch two-year highs as ITC advanced ahead of its earnings results at the end of the week, while wireless carriers jumped on speculation about potential tariff hikes.   ITC provisionally rose 2.3 percent. The cigarette maker will post October-December earnings on Friday.   Bharti Airtel gained 5.2 percent, while Idea Cellular jumped 9.2 percent.   The BSE index provisionally gained 0.42 percent to its highest close since Jan. 6, ...

UK gilts edge higher before inflation data LONDON: British government bonds followed US and German debt slightly higher on Tuesday before the release of December inflation figures, after Federal Reserve Chairman Ben Bernanke expressed concerns about the pace of US economic recovery.   Bernanke said in a speech late on Monday the US economy appeared to be responding to the Fed's aggressive easing of monetary policy, but not as fast as it would like.   "I want to be clear that while we've made progress, there's ...

Sterling edges up, CPI data may give short-lived boost LONDON: Sterling edged away from a 9-1/2 month low against the euro on Tuesday before inflation data that could dim the prospects of more monetary easing, and as investors took profit on the euro's recent gains.   British inflation is expected to remain elevated at 2.7 percent in December. Analysts said this may give the pound a small boost as prospects dim that the Bank of England will opt for more quantitative easing.   Any gains are likely to ...

China shares end at 7-1/2-mth high, extend rally on macro outlook SHANGHAI: China's shares closed up on Tuesday at a 7-1/2-month high, but the pace of growth abated after Monday's aggressive rally.   The CSI300 index, which tracks the largest listed firms in Shenzhen and Shanghai, closed up 0.7 percent at 2,595.9. The Shanghai Composite Index closed at 2,325.7 points, up 0.6 percent.   Shanghai stock exchange volumes continued to prove robust, logging 165.6 billion yuan ($26.63 billion) worth of transactions, the highest since March 2012.   Analysts said that with financial ...

Australia shares end touch lower, miners weak MELBOURNE: Australian shares ended 0.1 percent lower on Tuesday, weighed down by a weaker mining sector hurt by soft copper and iron ore prices.   Investors showed little reaction to news Rio Tinto  plans to boost iron ore output by 15 percent this year, with the shares ending off 0.1 percent.   In its quarterly production report, the global miner said production in 2012 climbed to 253 million tonnes, beating its own guidance, as resurgent Chinese demand drives a ...


 



 
Index Closing Chg%
Arrow DJIA 17,156.85 0.15
Arrow Nasdaq 4,562.19 0.21
Arrow S&P 2,001.57 0.13
Arrow FTSE 6,780.90 0.17
Arrow DAX 9,661.50 0.30
Arrow CAC-40 4,431.41 0.50
Arrow Nikkei 15,888.67 0.14
Arrow H.Seng 24,376.41 1.00
Arrow Sensex 26,631.29 0.52





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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 $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln