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Sterling hits 3-week low as Britain's services sector growth lags US LONDON: Sterling fell to a three-week low against the dollar on Wednesday after growth in Britain's dominant services sector eased in February lagging the United States where growth picked up modestly last month.The UK Markit/CIPS UK Services Purchasing Managers' Index (PMI) slipped more than expected to 56.7, from 57.2 in January, and well below a Reuters forecast of 57.5. For the United States, the index rose to 57.1, its highest level since October. The reading was roughly even with the preliminary read of 57.0 and up from the 54.2 recorded in January.Sterling fell to $1.5270, it lowest level since Feb. 12 and down from around $1.5357 before the UK data, leaving it 0.6 percent lower on the day. It was trading firmer against the euro at 72.50 pence per euro, not far from a 7-year high of 72.37 struck earlier in the day."The pound has slipped after activity in such ...

Zloty rebounds as Poland says big cut ended rate easing BUDAPEST: The zloty jumped and Central European government bonds slipped on Wednesday after the Polish central bank said a 50-basis-point cut in interest rates it delivered earlier in the day would end its monetary easing cycle.The bank's meeting caused wobbles in the region's currency and government bond markets. The cut, which lowered the main rate to a record low 1.5 percent, was twice the size most analysts had forecast.It weakened the zloty by 0.3 percent ...
Euro slides ahead of ECB; dollar at 11-year high LONDON: The euro crashed through support levels that had held for more than a month on Wednesday, hitting a six-week low under pressure from the imminent launch of outright quantitative easing by the European Central Bank. The dollar, bolstered by recent rises in US government bond yields, hit its highest since September 2003 against the basket of currencies used to measure its broader strength.There has been more momentum behind the greenback in the past week ...
Euro slides ahead of ECB; dollar at 11-year high LONDON: The euro crashed through support levels that have held for more than a month on Wednesday, hitting a six-week low under pressure from the imminent launch of outright quantitative easing by the European Central Bank.The dollar, bolstered by rises in US government bond yields this week, hit its highest since September 2003 against the basket of currencies used to measure its broader strength.There has been more momentum behind the greenback in the past week ...
Sterling edges lower after UK services PMI data LONDON: Sterling fell, pulling away from near 7-year highs against the euro on Wednesday, after data showed growth in Britain's dominant services sector eased in February.The Market/CIPS UK Services Purchasing Managers' Index (PMI) slipped more than expected to 56.7, from 57.2 in January, and well below the Reuters forecast of 57.5.Sterling dropped to the day's low against the dollar at $1.5337, from around $1.5357 before the data was released.The pound pared gains against the struggling ...
Turkish lira slides to new low on inflation concerns ISTANBUL: Turkish lira hit a new all-time low in value against the dollar on Tuesday, extending recent losses after accelerating inflation stoked concerns about the emerging economy. The lira peaked at 2.5360, exceeding a previous low of 2.5275 after official data released Tuesday showed that annual inflation remained well above the central bank's target in February. Against the euro, the currency also lost 0.5 percent in value to trade at 2.8334 lira to the single ...
Sterling inches higher after improved construction report LONDON: Sterling rose on Tuesday after a survey of construction managers came in better than expected, reinforcing a brighter economic start to a year that also features political uncertainty. Growth in the industry reached a four-month high in February, the data showed, although building companies hired staff at the slowest pace in more than a year. A gilt auction, while poorly bid, also helped the premium in British government yields over their German counterparts to ...

 



 
IndexClosingChg%
ArrowDJIA 18,096.90 0.58
ArrowNasdaq 4,967.14 0.26
ArrowS&P 2,098.53 0.44
ArrowFTSE 6,919.24 0.44
ArrowDAX 11,390.38 0.98
ArrowCAC-40 4,917.35 0.99
ArrowNikkei 18,703.60 0.59
ArrowH.Seng 24,465.38 0.96
ArrowSensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln