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Sterling hits 11-month low, traders push back UK rate hike expectations LONDON: Sterling fell to an 11-month low against the dollar on Tuesday, as traders pushed back expectations of a rise in UK interest rates well into 2015 after inflation slowed more than expected in September.Sterling fell 0.9 percent to $1.5940, its lowest since November last year.Sterling overnight interbank average rates - the short-term interest rates which form the basis of lending costs to the wider economy - were pricing in a slight chance of a rate increase in eight months, compared with six months before the data was released.Copyright Reuters, 2014 ...

Dollar steadies, euro sinks after data surprises LONDON: The euro handed back almost all the previous day's 1-percent rise against the dollar on Tuesday after unexpectedly sharp declines in industrial output and investor morale underlined economic frailty and falling prices.The single currency dropped by a whole cent to $1.2640 and hit an 11-month low against the yen after both euro zone industrial output and the ZEW indicator of German investor sentiment came in well below forecasts.Dealers said large option expiries would help ...
Dollar recovers after US sell-off LONDON: The dollar recovered its footing in Europe on Tuesday after sinking to its lowest in a month against the yen amid deepening worries over global growth and an equities sell-off that is gathering pace. A messy few days on markets - New York shares dived again on Monday - have highlighted flaws in the arguments of those lobbying for a significantly stronger dollar against the euro, yen and other major currencies. Treasury yields, whose ...
Sterling near 4-week low vs euro ahead of UK inflation data LONDON: Sterling fell to a four-week low against the euro on Tuesday, ahead of data that is likely to show inflation is slowing in the UK and which could prompt the Bank of England to delay the first interest rate hike until well into 2015. Inflation data will be released at 0830 GMT and the consumer price index is seen falling further in September. Expectations are for an annual reading of 1.4 percent in August, ...
Russia's ruble plunges to historic low against euro MOSCOW: Russia's ruble on Monday slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.The ruble slumped to 51.27 to the euro, breaking through a previous low seen in March in the wake of Moscow's annexation of the Black Sea peninsula of Crimea from Ukraine.The national currency also dropped against the dollar to a rate of 40.42, according to the Moscow Exchange, ...
Global growth worries buffet sterling in wake of G20 LONDON: Sterling dipped against the euro on Monday but was steadier against the dollar after a weekend summit of financial leaders that raised more questions about how fast U.S. and UK interest rates can rise amid a global struggle for growth.Money market rates have already shown investors backing off the expectations of a Bank of England rate hike this year that drove sterling to a six-year peak against the dollar in July.Concerns that the euro ...
Yen in demand as global growth worries dampen risk appetite LONDON: The yen rose to a one-month high against the dollar and traded near 11-month peaks against the euro on Monday, as investors turned cautious on concerns about the health of the global economy.European stocks opened lower and German Bunds moved higher, accentuating regional flows towards safer currencies like the yen and the Swiss franc after rating agency S&P on Friday downgraded Finland and cut its outlook on France.With market holidays in Tokyo and New ...

 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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