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Sterling surges after UK retail sales boost LONDON: Sterling powered to a two-month high against the euro and erased much of this week's loss against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April.The pound had taken a knock from a fall in inflation below zero for the first time since 1960 in April and the sales figures eased concerns that a slowdown in growth in the first quarter might be the start of a longer period of weakness.By late afternoon sterling was up more than 0.8 percent on the day at $1.5665. Against the euro, itself up around a quarter of a percent against a weaker dollar, it gained half a percent to 70.97 pence per euro."With the recent uptick in the housing market after a winter lull, and consumer confidence at its highest for several years, there's good reason to be upbeat about the outlook for consumer ...

Euro boosted by data, rise in Bund yields LONDON: The euro rose against the dollar on Thursday for the first time this week, helped by nascent signs of a recovery in euro zone activity and a rise in German Bund yields which narrowed the spread over U.S. Treasuries.Data on Thursday showed the composite flash PMI for the euro zone fell to 53.4 from 53.9, missing the 53.8 forecast in a Reuters poll. Despite the drop, data compiler Markit said, the euro zone is ...
Sterling surges after stronger-than-expected UK retail sales LONDON: Sterling hit a two-month high versus the euro and jumped against the dollar on Thursday after data showed British retail sales rose more strongly than expected in April, recovering from a fall the previous month.The pound had taken a knock earlier in the week on news that UK inflation had fallen below zero for the first time since 1960 in April. But the sales figures eased concerns that a slowdown in Britain's economy in ...
Euro lifted by French PMI survey, but weaker German data caps gains LONDON: The euro rose against the dollar for the first time in four days on Thursday, helped by signs of a recovery in French business activity, although a slowdown in Germany's private sector kept gains limited.Markit's flash composite Purchasing Managers' Index (PMI) for Germany, which tracks manufacturing and services activity accounting for more than two-thirds of the economy, dropped from April's final reading.For France, data compiler Markit said its preliminary composite purchasing managers index, moved ...
Bank of England minutes push sterling higher LONDON: Sterling rallied against the dollar and euro on Wednesday after minutes from the latest Bank of England meeting showed that two policymakers who voted to keep interest rates on hold made finely balanced decisions.Minutes of the Monetary Policy Committee's May meeting showed all nine members voted to keep rates at a record low of 0.5 percent. But they were split on the risk that falling unemployment would trigger faster wage growth, which could stoke ...
Dollar up for third day, eyes on Fed and Greece LONDON: The dollar touched a three-week high against the euro before halting on Wednesday, a third day of gains adding to a growing sense the U.S. currency may be ready for another run higher after its weakest period in four years.Another push below $1.10 per euro in the short term should depend largely on upcoming economic data, and Federal Reserve minutes later on Wednesday will provide more fodder for the argument over whether the U.S. ...
Turkish lira eases ahead of central bank decision, Otosan shares ease ISTANBUL: The Turkish lira weakened against the dollar on Wednesday as the US currency gained globally, and as investors took a cautious tack ahead of a Turkish central bank policy meeting expected to see interest rates left on hold.Shares also weakened, with carmaker Ford Otosan dropping 1.2 percent after it said production was halted at two plants due to supply problems caused by a widening labour dispute in the sector.All 19 economists in a Reuters ...

 



 
Index Closing Chg%
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Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
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Arrow DAX 11,815.01 0.42
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln