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Turkish lira falls as Ukraine crisis unsettles markets ISTANBUL: Regional uncertainty linked to the crisis in Ukraine and domestic political concerns in the run-up to March 30 municipal elections weighed on the Turkish lira on Monday, erasing initial gains driven by a jump in industrial production. Calendar-adjusted, industrial production output was up 7.3 percent year-on-year in January compared with an expansion of 3.4 percent in the same period in 2013. The lira firmed to 2.2050 against the dollar from 2.2133 on the data, but later weakened to 2.2200 by 1637 GMT as the crisis in Ukraine continued to unsettle emerging market investors. The 10-year benchmark bond yield rose to 10.9 percent from 10.71 percent late on Friday. The main Istanbul share index closed down 0.58 percent at 62,731.50 points, outperforming the wider emerging markets index, which fell 1.24 percent. Copyright Reuters, 2014 ...

Sterling steadies after ECB surprise, outlook mixed LONDON: Sterling steadied against the euro on Friday near a three-week low struck after the European Central Bank stopped short of easing policy further, adding to an increasingly muddy outlook for the pound after six strong months. The euro's jump against the dollar helped pull sterling a touch higher against the US currency to the top end of a band it has been stuck in since mid-February. However, the pound's inability to break out of ...
Euro hits 2-1/2 year high vs dollar, US data eyed for more gains LONDON: The euro raced to a 2-1/2 year high against the dollar on Friday as short term money market rates rose on signs that the European Central Bank's balance sheet was contracting at a time when other major central banks were still expanding theirs. More gains are likely if a key US jobs report reflects the soft patch being felt by the world's largest economy. The dollar slipped from a five-week high against the yen ...
Yen under pressure, falls to 6 week low vs euro LONDON: The yen came under renewed pressure in the European session on Thursday, falling to a six-week low against the euro and trading near a two-week trough against the dollar. Traders cited steady yen selling after advisors to Japan's $1.26 trillion public pension fund said the fund need not cling on to the safety of Japanese government bonds, which offer paltry returns, in yet another sign that it may shift more money into stocks and ...
Rouble weakens as Ukraine concerns weigh MOSCOW: The rouble opened down against the dollar on Thursday as concerns about the Ukraine crisis continued to weigh.Moscow stock indexes saw fragile gains, tracking a reprieve in Asian markets after diplomatic efforts seemed to slightly moderate the crisis over Russia's military intervention in Ukraine.At 0635 GMT, the rouble was down 0.3 percent against the dollar at 36.15 and down 0.2 percent versus the broadly weaker euro at 49.63, indicating that investors nonetheless remained worried ...
Yen extends drop as Russia-Ukraine concerns ebb, euro softer LONDON: The safe-haven yen extended its losses against the dollar and euro on Wednesday as concerns over the standoff between Russia and Ukraine eased somewhat, allowing investors to focus on a slew of forthcoming data. Markets will still be keeping a close eye on developments in the region after Russia test-fired an intercontinental ballistic missile from a base not far from the east of Ukraine to a range in Kazakhstan. But for now, traders are ...
Sterling struggles for direction before services data LONDON: Sterling held in its recent ranges before a service sector survey on Wednesday that should reinforce the positive view of the economy that has underpinned the pound this year but failed to drive it much higher. Sterling has traded between $1.6583 and $1.6769 for the past two weeks, just below four-year highs above $1.68 hit earlier in February, and some analysts say it may be close to hitting a ceiling. Many are convinced the ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
Arrow DAX 9,409.71 0.99
Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln