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Rouble-denominated Moscow shares at one-year high LONDON: Rouble-denominated Russian stocks hit one-year highs on Thursday, lifted by a bounce in battered Uralkali and expectations that rouble weakness would aid exporters, while most emerging assets were flat to weaker.The rouble also firmed half a percent even though the firm dollar index kept most emerging currencies under pressure and another oil exporter, Nigeria, suffered more weakness.Russian stocks rose 1 percent for a year-to-date 1.7 percent gain, although in dollar terms, Moscow is one of 2014's worst performing equity markets, down almost 30 percent."The rouble has stabilised somewhat after the float, which can be perceived as good news. But if you ask me if the rouble is undervalued, I'd say 'not yet'," said Danske Bank analyst Stanislava Pravdova.Data on Tuesday showed Russian annual industrial output rose 2.9 percent in October, a 5.1 percent month-on-month rise."Oil prices are the main issue for Russia but rouble weakness should compensate somewhat," Pravdova ...

Dollar hits new seven-year high against yen, 120 level eyed LONDON: The dollar powered to a seven-year peak just shy of 119 yen on Thursday after Federal Reserve minutes suggested the United States is still likely to raise interest rates next year, in stark contrast to Japan's ultra-loose policy outlook.The euro slipped after purchasing managers' surveys from the euro zone showed business growth was weaker than forecasters expected this month, underpinning expectations that monetary conditions will be eased further in the 18-nation bloc.The dollar romped ...
Sterling climbs after solid British retail sales data LONDON: Sterling cut losses against the dollar and hit a day's high against the euro on Wednesday after British retail sales beat expectations in October, offering relief to a currency that has struggled in the past few weeks.British retail sales volumes rose 0.8 percent on the month after a fall of 0.4 percent in September, easily beating expectations of a 0.3 percent rise. For the year, retail sales rose 4.3 percent.Sterling rose to $1.5684, having ...
Pound pushes up after two policymakers vote again for UK rate hike LONDON: Sterling rose from a 14-month low against the dollar on Wednesday after Bank of England minutes showed two policymakers continuing to vote for an immediate interest rate rise despite a weakening economic outlook.There had been some market speculation that either Ian McCafferty or Martin Weale - the two members of the BoE's Monetary Policy Committee who have since August voted for a rate hike - would reverse their support for policy tightening, given recently ...
Dollar firm as Fed minutes likely to highlight policy divergence with peers LONDON: The dollar hit a fresh seven-year high against the yen on Wednesday, and held near a 14-month peak versus sterling, as investors added favourable bets ahead of Federal Reserve minutes that could highlight policy divergence with its peers.The yen was on the defensive, falling to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe's decision to postpone a sales tax rise was seen as supportive for stock markets and negative for ...
Rouble inches lower as oil falls, Indian shares at new record high LONDON: The rouble inched lower on Wednesday and Russian bond yields touched new five-year highs as Moscow prepared for its first debt auction since October, while a firmer dollar also took a toll on most other emerging currencies.The rouble reversed some of the previous day's gains to slip 0.3 percent as crude prices fell towards $78 a barrel and the dollar index rose. Russian 10-year yields were around 10.4 percent, the highest since December 2009 ...
Sterling gains after BoE minutes shows ‘spread of views’ LONDON: Sterling rose from 14-month lows against the dollar on Wednesday after Bank of England minutes showed that two policymakers supporting an increase in interest rates were sticking to their guns despite a softening economic outlook.There had been some market speculation about a generally more dovish tone and that either Ian McCafferty or Martin Weale would reverse their support for an immediate hike in rates. However, the minutes said there had been a "material spread ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln