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Turkish lira steady as political, security issues hold market in check ISTANBUL: Turkish markets were steady on Monday with domestic political concerns and security issues along Turkey's long borders with Syria and Iraq overshadowing optimism over strong U.S. jobs data.The lira was firm at 2.1334 against the dollar by 0718 GMT from 2.1335 late on Friday.The yield on the two-year benchmark government bond was flat at 8.38 percent.The main Istanbul share index rose 0.09 percent to 77,603.15, in line with the emerging markets share index which rose 0.11 percent."Turkish markets decouple negatively due to Iraq risks, rising oil prices and on question marks regarding a future government and who will lead the economy administration due to third term rule if Prime Minister Erdogan is elected as president," HSBC strategist Fatih Keresteci said.The ruling AK Party's internal rules ban serving for more than three consecutive terms as a member of parliament.Security issues were also at the forefront of the market's psyche.Forty nine ...

Sterling treads water just off six-year high LONDON: Sterling dipped in early European trade on Monday after hitting a near six-year high last week against a basket of currencies, and a steady flow of data in coming days will likely decide whether it resumes its climb.Industrial output numbers on Tuesday are followed by the RICS housing survey and trade numbers on Wednesday and Thursday.In general, the numbers on a steadily improving UK economy continue to be very positive, fuelling expectations of a ...
Euro struggles after German data, nears 2-year low vs sterling LONDON: The euro fell on Monday, hitting a 22-month trough against the British pound, after weak German industrial data highlighted the divergent economic prospects between the euro zone and those of its biggest trading partners. German industrial output fell 1.8 percent on the month in May, its biggest drop in more than two years, and surprised most who had forecast an unchanged reading. It kept alive expectations that the European Central Bank would have to ...
Sterling index hits near-six-year high, buoyant vs euro LONDON: Sterling hit a near-six-year high against a basket of currencies on Friday, helped by a fifth straight week of gains against the struggling dollar and against a euro weakened by fresh worries about the prospect of quantitative easing. In contrast with the dovish signals from the euro zone, the Bank of England looked clearly on track for a rate hike either later this year or early in 2015, leading to a widening in rate ...
Turkish lira underpinned by lower oil prices; shares up ISTANBUL: Turkish shares and bond prices were firm on Friday in thin lower volumes due to a US holiday while the lira was supported by falling oil prices. The lira firmed to 2.1335 against the dollar by 1447 GMT from 2.1345 late on Thursday. The yield on the two-year benchmark government bond stood flat at 8.38 percent. The main Istanbul share index rose 0.01 percent to 77,534.77, outperforming slightly the emerging markets share index which ...
Turkish lira's real exchange rate falls to 109.56 in June ISTANBUL: Turkey's central bank said on Friday the real effective exchange rate of the lira, which the bank is monitoring to avoid excessive volatility, fell to 109.56 in June from 110.05 in May. The rate measures the weighted average of domestic prices relative to those of Turkey's trading partners. Copyright Reuters, 2014 ...
Red-hot sterling cools a touch after PMI numbers LONDON: Sterling steadied on Thursday after surging to an almost six-year high a day earlier, cooled by marginally poorer than expected service sector data and the wait for monthly U.S. jobs figures later in the session.As Sweden's Riksbank became the latest central bank to slash interest rates to almost zero, Britain stood out as one of only two major developed world economies clearly on track for a move to higher interest rates over the next ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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