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Most Asian currencies firm on calmer nerves; ringgit slips SINGAPORE: Most emerging Asian currencies were steady to slightly higher on Friday, supported by improving risk appetites, with the Indonesian rupiah continuing to stabilise after its selloff early this week.Market sentiment toward emerging market (EM) currencies soured early in the week after sliding oil prices triggered volatility across asset classes and as a plunge in the Russian rouble spooked investors.Asian currencies have regained some footing in the past couple of days after an upbeat economic assessment by the US Federal Reserve helped calm market nerves, and as oil and the rouble gained some respite from a punishing selloff."The week is ending with a bit of calm back in the market, thanks to the semblance of stability in the rouble and a rebound in the EM FX space over the past couple of sessions," Sacha Tihanyi, senior currency strategist for Scotiabank said in a research note."Asian equities are pushing higher, while ...

Rouble firms as govt steps up verbal support MOSCOW: Russia's rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency and on expectations that exporters will step up dollar sales. At 0815 GMT, the rouble was around 2.7 percent stronger against the dollar at 59.85 and gained 2.7 percent to trade at 73.65 versus the euro. The rouble's recovery is in contrast to intense selling pressure earlier this week, when the rouble at one stage had fallen ...
Polish zloty hits 15-month low as Russia worries keep up pressure WARSAW/PRAGUE: The Polish zloty fell to a 15-month low on Friday with rumblings in Russian financial markets and rising chances of more rate cuts weighing on central Europe's most liquid currency.Currencies have come under pressure this week after a sharp slide in Russia's rouble raised spillover concerns in the EU's emerging east. Stock markets also hit multi-month lows.While the region got some relief on Thursday from some rouble stabilisation and the US Federal Reserve signalling ...
Sterling touches one-month high to euro, Christmas risks eyed LONDON: Sterling reached its strongest in a month against the euro on Friday, with Russia and Greece posing the main potential risks to a market thinning out before the Christmas holidays. The pound got a shot in the arm from retail sales numbers on Thursday that showed British consumers spent with gusto in November. Sales rose 1.6 percent on the month compared with a forecast 0.3 percent. If that continues into Christmas, it will suggest ...
Euro heads lower to 28-month lows as ECB inches towards QE LONDON: The euro fell towards recent 28-month lows against the dollar on Friday, as the European Central Bank moved towards a fully-fledged government buying programme to kickstart the economy. Reuters reported on Friday that ECB officials were considering ways to ensure weak countries that stand to gain most from money printing bear more of the risk and cost. The ECB declined to comment.Separately, data showed combined direct and portfolio investments into the euro zone fell ...
Polish zloty, Hungarian forint hit multi-month lows WARSAW/PRAGUE: The Polish zloty hit a 15-month low on Friday and Hungary's forint fell to a three-month trough, dragged down by rumblings in Russian financial markets and rising chances of rate cuts.Currencies have come under pressure after a sharp slide in Russia's rouble this week raised spillover concerns in the EU's emerging east. Stock markets also touched multi-month lows.While the region got relief on Thursday from some rouble stabilisation and the US Federal Reserve signalling ...
ISTANBUL: Turkey's lira gained on Thursday after the U.S. Federal Reserve said it would be patient in raising rates, as Prime Minister Ahmet Davutoglu set out to rebalance the economy away from consumption-led growth.Fed Chair Janet Yellen told a news conference "patient" meant the policy-setting Federal Open Market Committee was unlikely to hike rates for "at least a couple of meetings," meaning April of next year at the earliest.Turkey is especially vulnerable to a U.S. ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln