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      YTD
  NY DJIA 24,965 26.32%
  NY NASDAQ 7,234 34.39%
  London FTSE 7,227 1.17%
  Tokyo Nikkei 21,971 14.94%
  Shanghai SSE 3,199 -1.55%
  Frankfurt DAX 12,429 8.26%
  Paris CAC 40 5,269 8.36%
  Singapore SGX 3,513 21.99%
  Malaysia KLSE 1,858 13.18%
  Thailand SET 1,801 16.71%
 
    USD EUR
  GBP 0.72 0.88
  JPY 107.51 132.43
  EUR 0.81 -
  USD - 1.23
  CNY 6.34 7.81
  CAD 1.27 1.56
  AUD 1.27 1.57
  HKD 7.83 9.64
 
      YTD
  Gold $1,330.80 15.63%
  Brent Crude $64.59 17.52%
  Silver $16.45 0.06%
  Platinum $996.20 4.64%
  Natural Gas $2.58 -21.29%
  Wheat $460.25 13.36%
   
    Updated On 21-02-2018
 
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Luxembourg
Full Name : Grand Duchy of Luxembourg
Area : total: 2,586 sq km
Government type : Constitutional monarchy
Population : 491,775 (July 2009 est.)
Independence : 1839 (from the Netherlands)
GDP : $54.97 billion (2008 est.)
GDP by sector : agriculture: 0.4% - industry: 13.6% - services: 86% (2007 est.)
 
Background

Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands. It lost more than half of its territory to Belgium in 1839, but gained a larger measure of autonomy. Full independence was attained in 1867. Overrun by Germany in both World Wars, it ended its neutrality in 1948 when it entered into the Benelux Customs Union and when it joined NATO the following year. In 1957, Luxembourg became one of the six founding countries of the European Economic Community (later the European Union), and in 1999 it joined the euro currency area.

 
Economy - Overview:

This stable, high-income economy - benefiting from its proximity to France, Belgium, and Germany - has historically featured solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector, which now accounts for about 28% of GDP, has more than compensated for the decline in steel. Most banks are foreign owned and have extensive foreign dealings. Agriculture is based on small family-owned farms. The economy depends on foreign and cross-border workers for about 60% of its labor force. Although Luxembourg, like all EU members, suffered from the global economic slump in the early part of this decade, the country continues to enjoy an extraordinarily high standard of living - GDP per capita ranks third in the world, after Liechtenstein and Qatar. After two years of strong economic growth in 2006-07, turmoil in the world financial markets trimmed Luxembourg's economy in 2008.

 
 
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Feb 2018
BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn.
Oct 2017
German fund inflows for 2017 already ahead of last year
Oct 2017
Zinc is dull but useful, and it’s in short supply – it’s time to buy!
Mar 2017
Confidence among European and global fund managers is increasing, with many seeing European equities as undervalued as the macro landscape improves.
 
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