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Turkish lira gains before central bank meeting ISTANBUL: Turkey's lira strengthened on Thursday before the central bank's monthly rate-setting meeting, after which the bank's language will be closely examined.All 15 economists polled by Reuters expect the Turkish central bank to leave its main one-week repo rate at 8.25 percent when it meets on Thursday. Only one predicted a 25-basis-point cut in the overnight lending rate.A signal from the central bank over possible rate cuts could hurt the lira, bankers said."If we see dovish language that would open the way for (another) rate-cut cycle, we would be inclined to sell the lira versus the dollar," wrote TEB-BNP Paribas strategist Isik Okte in a note.After a massive rate increase in January to halt a slide in the lira, the central bank reduced rates in May, June, July and August before leaving them unchanged in September.The lira firmed to 2.2421 against the dollar by 0835 GMT from 2.2464 late on ...

Rouble pressure eases as tax period prompts buying MOSCOW: Pressure on the rouble eased slightly on Tuesday as Russian firms sold foreign currency to pay taxes falling due in roubles, but stock market sentiment was soured by the death of French oil major Total's chief executive in a plane crash in Moscow.At 0915 GMT the Russian currency was 0.17 percent stronger against the dollar at 40.96 and gained 0.17 percent to trade at 52.50 versus the euro.That left the currency 0.17 percent stronger ...
Sterling steady as traders wait for BoE minutes, data LONDON: Sterling stayed steady on Tuesday as traders looked beyond worse-than-expected public borrowing numbers to Bank of England minutes, due during the following session, keeping their focus on when interest rates might rise.Trading volumes were well below the past month's average.Third-quarter gross domestic product numbers on Friday could provide some support for the currency, traders said, as doubts grow about the solidity of Britain's economic recovery in the face of a worsening outlook in Europe.Last ...
Euro sinks on hint ECB will buy corporate bonds LONDON: The euro fell more than half a cent against the dollar on Tuesday after Reuters reported the European Central Bank was looking at buying corporate bonds as soon as December in its efforts to revive the euro zone economy.The move, if realised, would widen out the private-sector asset-buying programme the ECB began on Monday, adding to the number of new euros the bank can put into circulation without politically controversial purchases of government bonds.It ...
Dollar rises against yen as risk appetite returns LONDON: The dollar rose against the safe-haven yen on Monday as upbeat data and a push-back of interest rate hike expectations restored some risk appetite to financial markets after a bout of jitters over global growth.Wall Street rallied and US Treasury yields rose on Friday after deep losses after a surprisingly strong US consumer sentiment reading and better-than-expected housing numbers that suggested economic growth in the United States was solid.The greenback got an extra boost ...
Russian rouble weaker vs dollar at market opening MOSCOW: The Russian rouble opened weaker against the dollar on Monday, following a downgrade of Russia's sovereign debt rating by Moody's Investors Service. At 0605 GMT the rouble was 0.36 percent weaker at 40.90 against the dollar and 0.33 percent weaker at 52.17 against the euro. -ReutersCopyright Reuters, 2014 ...
Russian rouble moves lower after Moody's rating cut MOSCOW: The rouble weakened against both the dollar and the euro on Monday, extending a dramatic slide that has seen the currency reach new record lows, after Moody's downgraded Russia's sovereign debt rating. The Russian currency has been pressured for months by falling oil prices, Western sanctions restricting Russian firms' access to international capital markets and a stronger dollar. The central bank says it has spent over $13 billion defending the rouble since the start ...

 



 
IndexClosingChg%
ArrowDJIA 16,461.32 0.92
ArrowNasdaq 4,382.85 0.83
ArrowS&P 1,927.11 0.73
ArrowFTSE 6,399.73 0.43
ArrowDAX 8,940.14 0.60
ArrowCAC-40 4,105.09 0.58
ArrowNikkei 15,195.77 2.64
ArrowH.Seng 23,403.97 1.37
ArrowSensex 26,787.23 0.80





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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 $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln