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Markets

Risk assets cheer Biden win, dollar nurses losses

Risk assets cheer Biden win, dollar nurses losses
  • The Democratic candidate’s election victory was already largely priced in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since last week.
Published 09 Nov, 2020 12:57pm

Alibaba beats sales forecasts on China e-commerce growth

Alibaba beats sales forecasts on China e-commerce growth
  • China’s surprise suspension of Ant Group’s planned $37 billion Shanghai initial public offering (IPO) was seen by some analysts and investors as an attempt by Beijing to cut founder Jack Ma and his financial services empire down to size.
Published 06 Nov, 2020 10:06am
Currency Rate
USD PKR Interbank Selling / Nov 28
159.50
USD PKR Interbank Buying / Nov 28
159.35
USD to Japanese Yen / Nov 28
104.09
USD to Swiss Franc / Nov 28
0.91
Pound Sterling to USD / Nov 28
1.33
Euro to USD / Nov 28
1.20
Stock Volume
S&P 500 / Nov 28
3638.35
India Sensex / Nov 28
44149.72
Tokyo Nikkei / Nov 28
26644.71
Nasdaq / Nov 28
12205.85
Hang Seng / Nov 28
26894.68
FTSE 100 / Nov 28
6367.58
Dow Jones / Nov 28
29910.37
Germany DAX 30 / Nov 28
13335.68
France CAC40 / Nov 28
5598.18
Indicator Value
Per Capita Income USD (CPI) / Nov 19
1516.00
Weekly Foreign Reserves / Nov 27
20085.60
GDPGROWTH / Nov 27
1.00
Foreign Debt (PKR billions) / Nov 27
17000.00
Average CPI % / Nov 27
11.11
UK LIBOR % / Nov 28
0.08

Poultry feed prices go up

LAHORE: Poultry feed prices have gone up from Rs 3,085 per 50 kilogram bag to Rs 3,530 per 50 kilogram per bag as a...
Published 29 Nov, 2020 02:50am

Gold prices drop further

KARACHI: Gold on Saturday fell by Rs 800 per tola on the local market, traders said. The fresh fall pulled down the...
Published 29 Nov, 2020 02:50am

KE removes 570 'illegal' connections

KARACHI: K-Electric on Friday claimed to have removed 570 illegal connections from different locations. Officials...
Published 28 Nov, 2020 03:04am

Euro zone bond yields edge down after dovish ECB messaging

Euro zone bond yields edge down after dovish ECB messaging
  • It is essential that the macroeconomic recovery is not derailed by a premature steepening of the yield curve.
  • Safe-haven benchmark German 10-year yields fell down by about 1.5 basis point on the day to -0.585%.
Published 26 Nov, 2020 10:53pm

Longer-term yields rise further as investors embrace risk

Longer-term yields rise further as investors embrace risk
  • The benchmark 10-year yield was last up 2.7 basis points at 0.8865% and the yield curve steepened.
  • With yields of 85 or 88 basis points, that's not very attractive on the 10-year (note), and (people are) going to look for returns elsewhere.
Published 25 Nov, 2020 12:47am