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Yen slips after BOJ caution on growth, dollar awaits Yellen LONDON: The yen eased on Tuesday after the Bank of Japan sounded some cautious notes on growth but stopped well short of hinting at a new bout of money-printing.In Europe, sterling traded near its lowest in two weeks against the dollar before inflation data, while the euro resisted a warning from European Central Bank chief Mario Draghi that it was too strong.However, moves were minimal across the board, as investors waited for congressional testimony from Federal Reserve Chair Janet Yellen later in the day.The dollar inched up about 0.1 percent to 101.62 yen, rising as high as 101.65 yen and well off last week's seven-week low of 101.06 yen. The euro was up slightly at 138.32 yen , above last week's five-month low of 137.50 yen."The BOJ have essentially backed off the idea of quantitative easing for now but are sending some cautious signals on growth," said Simon Derrick, head ...

Euro drops after German ZEW survey, sterling outperforms LONDON: The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.Portuguese 10-year bond yields rose as shares in Banco Espirito Santo fell more than 10 percent, with investors worried about the bank's exposure to the troubled companies of its founding family.So far, there are few signs that these troubles ...
Sterling surges, gilts fall after surprise UK inflation jump LONDON: Sterling rose and British government bonds fell on Tuesday after data showed British inflation jumped unexpectedly in June to its fastest rate since January, increasing market bets that interest rates will rise this year.Consumer prices rose 1.9 percent on the year in June, the Office for National Statistics said. Economists taking part in a Reuters poll had expected inflation to accelerate to 1.6 percent from 1.5 percent in May, a 4-1/2 year low.Sterling surged ...
Dollar awaits Yellen's testimony, Draghi may limit euro's gains LONDON: The dollar edged up against the yen on Monday, though stayed well within recent ranges, as investors awaited Federal Reserve Chair Janet Yellen's congressional testimony for cues on the outlook for US monetary policy.US Treasury yields have fallen and Fed Funds futures indicate investors are pushing back policy tightening expectations after Fed minutes indicated the central bank is not in a hurry to raise rates. So, a lot will depend on what Yellen says, ...
Sterling steady, eyes on UK inflation data LONDON: Sterling edged up against the dollar on Monday as traders looked to two days of economic data for signs that Britain's recovery is on track.The pound suffered its first weekly fall versus the dollar in six weeks last week after a string of weaker-than-expected data called into question the idea that the Bank of England will raise interest rates before the end of the year.Sterling has gained more than 10 percent against a basket ...
Turkey's lira steady ahead of expected interest rate cut ISTANBUL: Turkey's lira held steady on Monday supported by buoyant global markets, and bond yields fell as investors geared up for an expected rate cut by the central bank on Thursday.European and Asian shares rose as euro zone banking jitters faded, but investors looked forward to corporate earnings and a raft of global economic events including testimony from the head of the U.S. Federal Reserve.The lira was steady at 2.1205 against the dollar by 0832 ...
Euro steadies after dip on Portuguese bank nerves LONDON: Major currency markets were steady in Europe on Friday, having ridden out a day of ructions on European stock markets with only minimal moves on the euro and yen.Strategists were sceptical of whether concerns about Portuguese bank BES would prove the trigger for an immediate change in market tone away from the steady, low volatility plays of the past six months. But Thursday's 4 percent slide in Lisbon shares and the losses it brought ...

 



 
Index Closing Chg%
Arrow DJIA 17,113.54 0.36
Arrow Nasdaq 4,456.02 0.71
Arrow S&P 1,983.53 0.50
Arrow FTSE 6,795.34 0.99
Arrow DAX 9,734.33 1.27
Arrow CAC-40 4,369.52 1.50
Arrow Nikkei 15,343.28 0.84
Arrow H.Seng 23,782.11 1.69
Arrow Sensex 26,025.80 1.21





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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln