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Sterling dips, gilts rise after earnings, jobs data LONDON: Sterling and yields on British government bonds dipped on Wednesday after wage data fell just short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The pound fell to a session low of $1.7113, down almost a cent from highs reached on Tuesday after June numbers surprised markets by showing inflation had risen to 1.9 percent, within touching distance of the Bank of England's 2 percent target.Wednesday's figures showed that, in the three months through May, total pay including bonuses rose an annual 0.3 percent, the weakest growth since the depths of the financial crisis five years ago and below a consensus forecast of 0.5 percent.That offered no new support for expectations of a rise in official interest rates this year.London's main FTSE stock exchange index was unchanged but British government bond futures briefly spiked to ...

Small dip for sterling after UK wages undershoot LONDON: Sterling dipped on Wednesday after British wage data fell short of forecasts, failing to provide more evidence of a pick up in demand-led pressure on prices following a jump in inflation last month.The debate over the strength of Britain's economic recovery, and the chances of the Bank of England raising interest rates before the end of the year, has moved on from employment to centre around inflation and wage growth.The pound hit an almost ...

Dollar rises in Asia on Fed chief rate comments TOKYO: The dollar rose in Asia on Wednesday as the head of the US Federal Reserve indicated that interest rates could rise earlier than expected if the world's biggest economy continues to pick up pace.In Tokyo afternoon trade, the dollar bought 101.73, up a tad from 101.67 yen late in New York and 101.50 yen in Tokyo earlier Tuesday.The euro bought $1.3561 and 137.97 yen, little changed from $1.3570 and 137.97 yen in US trade.Fed ...

Yuan edges up after China posts slightly stronger-than-expected Q2 growth SHANGHAI: The yuan edged up against the dollar on Wednesday after China's economic growth for the second quarter came in moderately better than expected, helping to offset a weaker central bank midpoint.Spot yuan stood at 6.2066 by midday, up 0.02 percent from Tuesday's close."The slightly better-than-expected GDP figures help to reinforce market participants' stance on going long on the yuan for now," said a trader from an Asian bank in Shanghai.China's economy grew 7.5 percent ...

South Korean won falls to near 2-1/2 month low, stocks steady SEOUL: The South Korean won fell early on Wednesday after comments from the country's finance minister and central bank governor increased expectations of a rate cut, although slightly better-than-expected China growth data erased some losses.The local currency was quoted at 1,033.1 as of 0302 GMT, 0.55 percent down from Tuesday's domestic close of 1,027.4. It touched 1,036.1, the won's weakest level since April 28.As expectations of monetary expansion grow, "foreign investors are buying dollars," a ...

New Zealand dollar slips on benign inflation data SYDNEY: The New Zealand dollar shed nearly half a US cent on Wednesday after local inflation data came in softer than expected, an outcome that could ease pressure on the central bank to continue tightening policy this year. The kiwi dollar fell to a session low at $0.8725, from around $0.8766, after the annual inflation rate came in at 1.6 percent in the second quarter, below the 1.8 percent consensus. Sentiment for the kiwi had ...

Dollar bulls hear hawkish hint from Yellen, inflation lifts sterling SYDNEY: The dollar clung to modest gains early on Wednesday after bulls latched onto a comment by the head of the Federal Reserve that rates could rise sooner if employment continued to improve, while strong inflation sent sterling to a six-year high. The dollar index last traded at 80.388, near the close in New York where it climbed 0.3 percent. The greenback was at one-week highs on the yen at 101.67, while the euro wallowed ...


Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55

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