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Sterling firm near 6-year high against weakened euro LONDON: Sterling hit a more than six-year high against the euro on Wednesday after an adviser to Europe's highest court left the door open to the European Central Bank embarking on outright government bond buying. Sterling also rose against the dollar with the greenback fell on weaker-than-expected retail sales data out of the United States. Retail sales fell 0.9 percent in December as demand fell nearly across the board. It was the largest decline in 11 months. Sterling was up 0.3 percent on the day at 77.44 pence per euro, having risen to as high as 77.33 pence per euro earlier in the day. Against the dollar, it was up 0.4 percent at $1.5220. Traders said the pound was still drawing support from expectations the UK economy would outstrip its peers in Europe. While a fall in inflation and some more measured numbers on growth have led investors to push ...

Currencies fall ahead of Polish central bank meeting BUDAPEST: Central European currencies and equities fell on Wednesday as concerns over the global economy weighed on sentiment ahead of a meeting of the Polish central bank.The bank is expected to keep rates on hold but its comments may underpin expectations for a cut later in the first quarter of 2015 as anaemic inflation and sluggish European growth are seen triggering further monetary policy easing in the region.The latest sign of pressure for easing was ...
Russian rouble trims losses on Finance Ministry forex plan MOSCOW: The Russian rouble weakened on Wednesday, tracking lower oil prices, but was lifted by a Finance Ministry plan to convert $7.6 billion in forex reserves. At 0930 GMT the rouble was 0.9 percent weaker against the dollar at 65.80 and 0.6 percent weaker against the euro at 77.45. The price of international oil benchmark Brent was down around 0.9 percent on Wednesday to $46.15 per barrel, hovering slightly above a six-year low. The rouble ...
Euro falls past Jan 1999 launch levels to 9-year low LONDON: The euro fell below the levels at which it was launched in 1999 for the first time in more than nine years on Wednesday, hit by growing expectations that the European Central Bank could announce full-scale government bond purchases next week.The euro fell 0.4 percent to $1.1728, past option barriers at $1.1750, to its lowest level in nine years and below $1.1747, the level it started trading in Sydney on Jan. 4, 1999, according ...
Euro falls below 1999 launch rate as QE door seen left open LONDON: The euro fell below its 1999 launch rate against the dollar for the first time in over nine years on Wednesday after an adviser to Europe's highest court said an ECB bond-buying programme was legal under certain conditions. As investors worried about global growth, the safe-haven yen rose to a 2-1/2-month high against Europe's common currency and a one-month high versus the dollar.The euro fell against the dollar following the adviser's opinion, hitting a ...
Ruble down around 5pc against dollar on back of falling oil price MOSCOW: The Russian ruble on Tuesday plunged by around 5 percent against the dollar as global oil prices tumbled towards a six-year low. By 1345 GMT the dollar was up to 66.35 against the ruble from 63.17 Monday evening, while the euro was at 78.15 to the ruble from 74.68. Stocks in the oil exporting nation were also hit, with Russia's RTS index down by 3.91 percent. Russia's national currency has lost some 16 percent ...
Yen near 1-month high vs dollar as oil rout sours risk sentiment LONDON: The yen hit a one-month high against the dollar on Tuesday, buoyed by steady demand for safe-haven assets against a backdrop of plunging oil prices that has triggered worries about global growth.In Europe, the focus will be on the pound ahead of UK inflation data. Britain's consumer price index (CPI) is forecast to have eased to 0.7 percent in December, hit by an almost 20 percent monthly fall in the price of oil.A drop ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln