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Polish assets ease on PM speech, further details awaited BUDAPEST/WARSAW: Polish assets eased slightly on Wednesday after Prime Minister Beata Szydlo, in her first policy speech in parliament since taking office, outlined sweeping increases in state spending to boost the economy.The eurosceptic, economically populist Law and Justice party (PiS) won last month's parliamentary election on promises of higher spending, taxes on bank assets and financial transactions and monetary stimulus for the economy.After Szydlo confirmed the rises in spending rises, the zloty eased to 4.263 against the euro, a 9-day low, but by 1355 GMT it had rebounded to 4.254, less than 0.1 percent weaker from Tuesday."This weakening is a reaction to the new prime minister's pledge to quickly introduce many pre-election proposals without a real indication of new budget revenue sources," said Marcin Turkiewicz, head of currency trading at mBank in Warsaw."We have heard only declarations so far, and it is difficult to say what will happen to the ...

Ugandan shilling firms on wave of interbank dollar selling KAMPALA: The Ugandan shilling rallied in volatile trading on Wednesday, strengthened by a dollar sell-off by commercial banks.At 0951 GMT commercial banks quoted the shilling at 3,350/3,360, up from Tuesday's closing of 3,400/3,410. The shilling has lost 17.6 percent against the dollar this year."There's speculation in interbank that is fuelling significant selling of dollars in the interbank," said Shahzad Kamaluddin, trader at Crane Bank.Traders, Kamaluddin said, were speculating that the appetite for hard currencies from ...

Sri Lankan rupee edges up from record closing low on bank dollar sales COLOMBO: The Sri Lankan rupee edged up on Wednesday, recovering from a record closing low in the previous session as dollar selling by two private banks helped outpace importer demand for the greenback, dealers said.Two private banks sold dollars in a range of 142.25 to 142.30, which is seen as the central bank's desired level, they said.The rupee ended at 142.25/30 per dollar. On Tuesday, the currency hit an all-time low of 142.50 per dollar ...

South Africa's rand on the backfoot, stocks slip JOHANNESBURG: South Africa's rand fell against the dollar on Wednesday amid investor uncertainty over whether the central bank will raise interest rates this week.Stocks opened 0.13 percent lower at 46,687 points on South Africa's blue-chip Top-40 index.At 0730 GMT the rand had slipped 0.19 percent to 14.3000 per dollar, surrendering the gains of the previous session as the greenback climbed to a seven-month high.U.S. interest rates are expected rise before year-end.Government bonds were flat, with ...

Rouble extends rally on expectations of East-West thaw MOSCOW: The Russian rouble continued to rally for a third day on Wednesday, helped by firmer oil prices and expectations Russia may benefit from a thaw in East-West relations after recent attacks by Islamic State militants.At 0815 GMT, the rouble was 0.8 percent stronger against the dollar at 64.65 and had gained 0.6 percent to 68.90 versus the euro.Russian assets have been strengthening this week even though the price of oil, normally the most important ...

Kenya's shilling barely changed after central bank holds rates steady  ADDIS ABABA: Kenya's shilling inched a tad lower on Wednesday, a day after the central bank kept its benchmark lending rate unchanged, traders said.By 0715 GMT, the shilling was quoted at 102.20/30 to the dollar, compared to Tuesday's close of 102.10/30."It is flat - the same as the past few days," said one Nairobi-based trader.A second trader said the local currency was expected to remain steady over the next few days.Kenya's central bank held its ...

Dollar slips after solid gains, investors await Fed minutes LONDON: The dollar slipped from a seven-month high against a basket of currencies on Wednesday as markets awaited minutes of the Federal Reserve's recent policy meeting which could reinforce expectations of a rate hike next month.But there was a degree of wariness building in the long dollar trade, amid expectations that the Fed could flag concerns about the currency's recent strength.The dollar index has risen 6.3 percent in the past month as odds for an ...


ArrowDJIA 17,888.35 0.95
ArrowNasdaq 5,156.31 0.93
ArrowS&P 2,102.63 1.07
ArrowFTSE 6,395.65 0.62
ArrowDAX 11,261.24 1.06
ArrowCAC-40 4,914.53 0.87
ArrowNikkei 20,012.40 1.34
ArrowH.Seng 22,381.35 1.75
ArrowSensex 26,169.41 0.09

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln