Last Updated: Thursday, March 11, 2010 (Indicative Rates)
Interest Rates
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Fed Funds | 0.25 % |
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Discount Rate | 2.50 % |
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Repo Rate | 1.50 % |
KWD Interbank Offered Rate (KIBOR)
| 1M | 0.87 % | 1Y | 1.62 % | |
| 3M | 1.12 % | 2Y | 1.87 % | |
| 6M | 1.37 % | 3Y | 2.18 % |
Foreign Currency
| 3 Month Offer | 10 YR Treasury | 30 YR Treasury | ||
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USD | 0.25 % | 3.71 % | 4.68 % |
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EUR | 0.59 % | 3.15 % | 3.94 % |
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JPY | 0.24 % | 1.31 % | 2.30 % |
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GBP | 0.64 % | 4.07 % | 4.60 % |
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CHF | 0.24 % | 1.89 % | 2.31 % |
Exchange Rates
| LAST | YTD | |
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1.3640 | -5 % |
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90.35 | -3 % |
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1.4969 | -7 % |
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1.0711 | 3 % |
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0.28850 | 0 % |
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123.23 | -7 % |
Commodities (USD)
| LAST | YTD | |
| Gold Oz | 1108.15 | 1 % |
| Silver Oz | 16.90 | 0 % |
| Oil Brl | 80.65 | 3 % |
Stock Markets
| LAST | YTD | ||
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DOW JONES | 10,567 | 1 % |
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NASDAQ | 2,340 | 3 % |
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DAX 30 | 5,936 | 0 % |
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NIKKEI 225 | 10,616 | 0 % |
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FTSE 100 | 5,640 | 4 % |
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CAC 40 | 3,943 | 0 % |
Kuwait Stock
| LAST | YTD | |
| Index | 7,436 | 6 % |
| Bkg. Sector | 8,976 | 8 % |
| Bus. Sector | 16,101 | 9 % |
| Ind. Sector | 6,071 | 11 % |
| Ins. Sector | 2,708 | -6 % |
| Invst. Sector | 5,788 | 3 % |
| Real Est. Sector | 2,807 | 0 % |
Economic Indicators
| Time (KST) | Location | Description | Forecast | Previous |
| 16:00 |
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Q1 SNB rate | 0.25% | 0.25% |
Foreign Exchange
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The dollar slipped against the euro, as risk appetite improved in general with a rise in European and U.S. stocks, boosting demand for higher-yielding but riskier currencies. EUR ended in New York at 1.3653/59 while in the Far East it was trading at 1.3645/50 Support is seen at 1.3600 and resistance is seen at 1.3700. |
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Yen repatriation flows are expected to benefit the Japanese currency, as Japans corporations looked to bring offshore earnings back home for their fiscal year-end this month. But yen gains are expected to be short-lived as Japans economy grapples with deflation. The BoJ is leaning toward easing monetary policy again next week, but there is disagreement among policy makers on its board on how to justify such a move. JPY ended in New York at 90.49/51 while in the Far East it was trading at 90.40/45. Support is seen at 90.00 and resistance is seen at 91.00. |
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Sterling skidded to one-week lows against the dollar and euro on Wednesday and analysts expect further declines for the currency given the gloomy economic outlook for Britain and worries on the political front. GBP ended in New York at 1.4974/79 while in the Far East it was trading at 1.4980/85. Support is seen at 1.4930 and resistance is seen at 1.5030. |
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The Swiss franc was caught in a narrow band against the euro, with debt woes in EU member-states lending it support but gains capped by concerns about possible central bank intervention at around 1.46 per euro. The Swiss National Bank is expected to keep rates ultra-low when it reviews monetary policy on March 11. CHF ended in New York at 1.0698/03 while in the Far East it was trading at 1.0705/10. Support is seen at 1.0650 and resistance is seen at 1.0750. |
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The Central Bank of Kuwait let its dinar unchanged around a mid point of 0.28850 from 0.28850 per dollar. |
Money Market
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Market kept a low profile on Wednesday as liquidity in the system remained high. Over-night money traded at ranges between ¼ and 3/8 %. Actually most banks were lenders and only few takers were seen in the market. Some taking interest was seen from off-shore centre. Tom-next and week also remained weak and continued to quote at ¼ - ½ %. No business was seen in the fixed dates and rates remained steady at ¾ - 1 % one month, threes at 1% - 1.25 %, six months at 1 ¼ -1 ½ %. Banks kept rather a low profile having no fresh factors to influence the market. Central bank has announced next week’s Treasury Bond issue: Tenor: 12 Months; Coupon: 1.25%. |
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U.S. Treasuries prices slipped on Wednesday as traders cut prices to draw buyers to securities the U.S. Treasury is auctioning this week. USD LIBOR was fixed at 0.23 for one month, 0.25 three months, 0.39 six months, 0.61 nine months and 0.85 one year. Treasury yields of 2 years 0.91, 5 years 2.38, 10 years 3.72 and 30 years 4.69. |
Stock Market
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European shares closed at a seven-week high on Wednesday as equities shook off two straight sessions of losses, with banks rallying and oil majors supported by firmer crude prices. |
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Japans Nikkei average was flat on Wednesday, with gains in machine stocks after better-than-expected machinery orders helping to offset a drop for recall-hit Toyota Motor Corp after an incident involving a Prius in the United States. |
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Britains leading share index added 0.7 percent on Wednesday, buoyed by strength in commodity issues, supported by trade data from China, and in banks and insurers as Wall Street put in an early advance. |
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Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits. |
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The Kuwait Stock Exchange declined 3.90 points to close at 7,436.80 points. |
