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Euro heads for first week of gains in five LONDON: The euro looked set to end the week in positive territory on Friday, a small loss on the day leaving it well above $1.0700 and stymying those who had expected the greenback to surge again after very strong jobs data a week ago. US retail sales is the main event for a market which has proved stickier for the US currency than many analysts were expecting even as pricing firms around a rise in Federal Reserve interest rates in December. Fed deputy governor Stanley Fischer pointed late on Thursday to the impact of the dollar's gains on inflation but gave no sign that the stronger currency would be a barrier to raising rates and said its influence on prices would wane next year. The dollar was up 0.3 percent on the day at $1.0775 per euro by 1245GMT, down around half a cent compared to opening levels at the ...

Currencies retreat, Serbian central bank may cut rates BUDAPEST: Central European currencies retreated on Thursday after an overnight slump in crude prices in global markets and before a possible rate cut at a meeting of the Serbian central bank.The region's economies are largely not vulnerable to commodities price falls, but declining energy prices have helped keep their inflation low, pushing central banks towards looser policy.The dinar shed 0.2 percent against the euro by 0903 GMT before the meeting at Serbian central bank whose ...
Sterling recovers to trade at $1.52, subdued wages data shrugged off LONDON: Sterling rose on Wednesday, shrugging off data that showed UK wages growing at a slower than expected pace in the third quarter, with investors judging it did little to alter expectations of when the Bank of England will raise rates.Wage growth in Britain was just 2 percent in September, a sharp slowdown from August's 3.2 percent growth and the weakest increase since February this year. Instead, some sterling bulls focused on the jobless rate, ...
Rouble flat against dollar, holding ground after losses MOSCOW: The Russian rouble was flat against the dollar on Wednesday but edged down against the euro, holding ground after falling last week on expectations of higher US interest rates. At 0815 GMT, the rouble was unchanged at 64.56 per dollar and down 0.3 percent to 69.42 versus the euro. The rouble has been little changed since the beginning of the week, having fallen almost 2 percent against the dollar on Friday when strong US ...
Euro resists further falls, eyes on Draghi LONDON: The euro traded back above $1.07 on Wednesday, recovering from another charge by the dollar in the previous session in trade thinned out by the US Veterans Day holiday. The greenback had looked to be steaming higher again on Tuesday after a brief period of consolidation following shockingly strong US jobs numbers last week that for many baked in a rise in Federal Reserve interest rates next month. But the debate this week among ...
Dollar retreat lifts EM assets, Turkey data gives strong boost LONDON: A dollar pullback helped emerging assets stabilise on Wednesday, with stocks flatlining after four days of losses, while a surprise current account surplus in Turkey provided a strong boost to stocks and the lira. Lacklustre Chinese industrial output data kept the pressure on Asia earlier. Hong Kong stocks were down 0.2 percent and mainland Chinese markets eked out meagre gains on hopes that slower growth would prod policymakers into more stimulus. MSCI's emerging index ...
Assets firm after government posts filled in Bucharest, Warsaw BUDAPEST/ZAGREB: Central European assets mostly firmed on Wednesday as the appointment of new political leaderships in Poland and Romania helped calm nerves after uncertainty over policies in the past weeks.The Croatian kuna also rebounded ahead of a meeting of the country's central bank even though it is still unclear who will form a government after Sunday's elections left two rival parties with no parliament majority.The zloty firmed 0.2 percent against the euro by 0913 GMT, ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
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WeeklyNovember 23, 2015
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