Last Updated: Thursday, September 02, 2010 (Indicative Rates)
Interest Rates
 |
Fed Funds | 0.25 % |
 |
Discount Rate | 2.50 % |
|
|
Repo Rate | 1.50 % |
KWD Interbank Offered Rate (KIBOR)
| 1M | 0.8750 % | 1Y | 1.6250 % | |
| 3M | 1.1250 % | 2Y | 1.8750 % | |
| 6M | 1.3750 % | 3Y | 2.1250 % |
Foreign Currency
| 3 Month Offer | 10 YR Treasury | 30 YR Treasury | ||
|
|
USD | 0.30 % | 2.56 % | 3.62 % |
 |
EUR | 0.83 % | 2.21 % | 2.80 % |
 |
JPY | 0.23 % | 1.12 % | 1.85 % |
 |
GBP | 0.73 % | 2.92 % | 3.92 % |
 |
CHF | 0.17 % | 1.18 % | 1.5050 % |
Exchange Rates
| LAST | YTD | |
|
/
|
1.2790 | -10 % |
|
/
|
84.16 | -8 % |
|
/
|
1.5391 | -3 % |
|
/
|
1.0132 | 1 % |
|
/
|
0.2878 | 0 % |
|
/
|
107.69 | -17 % |
Commodities (USD)
| LAST | YTD | |
| Gold Oz | 1248 | 12 % |
| Silver Oz | 19.40 | 10 % |
| Oil Brl | 76.17 | -1 % |
Stock Markets
| LAST | YTD | ||
|
|
DOW JONES | 10269 | -1 % |
|
|
NASDAQ | 2179 | -2 % |
 |
DAX 30 | 6054 | 3 % |
|
|
NIKKEI 225 | 9062 | -13 % |
|
|
FTSE 100 | 5366 | -3 % |
 |
CAC 40 | 3598 | -8 % |
Kuwait Stock
| LAST | YTD | |
| Index | 6675 | -5 % |
| Bkg. Sector | 10243 | 17 % |
| Bus. Sector | 14663 | 0 % |
| Ind. Sector | 5266 | 0 % |
| Ins. Sector | 2397 | -19 % |
| Invst. Sector | 4783 | -16 % |
| Real Est. Sector | 2312 | -17 % |
Economic Indicators
| Time (KST) | Location | Description | Forecast | Previous |
| 15:30 |
|
Aug Fed mfg | 8.0 | 5.08 |
Foreign Exchange
|
|
EUR has ultimately broken the range and made a new high above 1.2850 yesterday and retraced back to support level 1.2775 levels today. We expect a bounce today back to above 1.2860 targeting 38.2% fibb level (1.3333 till 1.2580) at 1.2875 levels. |
|
|
JPY has depreciated from yesterday’s high levels against USD and now stuck in range. Today lot of event risk is there, direction in the short term will be decided based on the out come of such events. We will be looking for a breakdown ultimately in the medium term towards 80 and below. |
|
|
GBP under pressure because of bad housing data out of UK and we expect market to bounce from the 1.5390 levels to 1.55 and closer, only a break above 1.5510 will put 1.5650 area on target for now. |
|
|
CHF got another good numbers out of SWISS today. Strong numbers of GDP will trigger more stops under 1.00 against USD. We expect this gain of CHF to be limited to 0.9900/.9850 levels. |
|
|
KWD today fixed at 0.2878/79 … we expect gradual move towards 2890 in the coming sessions. |
Money Market
|
|
U.S. Treasury debt prices fell on Wednesday as surprisingly strong manufacturing data assuaged some concerns about the health of the global economy and raised appetite for riskier assets. As money flowed out of safe-haven government debt into stocks, a steep sell-off in Treasuries pushed the 30-year bonds price down over two points, and stocks finished up over 2.5 percent. |
|
|
Day-to-day rates remained in a narrow range between 3/8 and ½ % on Wednesday. Over-night funds were available at around 3/8 % as most banks were long of funds. Other short dates such as tom-next and week were quoted 3/8 – ½ %. No much business was seen from the off-shore banks. Actually activity was thin in the inter-bank market. Fixed dates remained steady at 5/8 – 7/8 % one month, 7/8 – 1 1/8 % threes, 1 1/8 – 1 3/8 % sixes and 1 3/8 – 1 5/8 % one year. Business in the fixed dates was negligible. Central Bank drained part of excess liquidity from the system as one week deposit. Next week’s bond issue: T/Bond: Amount: KD 15 Million; Tenor: 2 Years; Coupon: 1.375 %; CBK Bond: Yield: 1 %; Tenor: 91 Days. |
Stock Market
|
|
Japans Nikkei average rose 1.5 percent on Thursday, moving further away from a 16-month low touched the previous day, after U.S. and Chinese manufacturing data eased investor worries about the global economy. Market players said the Nikkei is steadying somewhat following a 7.5 percent slide in August, likely helped by buying from domestic institutional investors at lows and by buying of futures from foreigners. |
|
|
M&A talk among the travel, telecoms and mining sectors helped Britains top shares to their biggest daily gain in almost two months on Wednesday, as strong manufacturing data from the U.S. and China boosted sentiment. The FTSE 100 <.FTSE> closed up 141.19 points, or 2.7 percent at 5,366.41, its strongest daily performance since July 6 and extending Tuesdays 0.5 percent gain. |
|
|
Wall Street ended sharply higher on Wednesday, posting its best day in eight weeks, as investor mood brightened after better-than-expected factory data from the United States and China. Based on the latest available data, the Dow Jones industrial average <.DJI> rose 254.75 points, or 2.54 percent, to end unofficially at 10,269.47. The Standard & Poors 500 Index <.SPX> was up 30.96 points, or 2.95 percent, to finish unofficially at 1,080.29. The Nasdaq Composite Index <.IXIC> was up 62.81 points, or 2.97 percent, to close unofficially at 2176. |
