Trends - Bank of America - Business Recorder

Bank of America

Tech and financials boost $46.2bn flows into global equity funds: BofA

The data, collected by EPFR before a rise in US real-yields triggered a global stock market correction on Thursday, also showed bond funds attracted $7.1 billion in a 16th straight week of inflows and Treasury Inflation-Protected Securities (TIPS) added $1.3 billion.
Meanwhile investors pulled $5.5 billion out of cash and withdrew $500 million from gold funds.

Published 26 Feb, 2021 07:26pm

Business & Finance

BofA hikes 2021 Brent price view by $10/bbl on strong oil balances

The bank now expects Brent crude oil to average $60 per barrel in 2021, up from a previous estimate of $50. BofA also forecasts West Texas Intermediate (WTI) crude prices to average $57 a barrel this year.
Brent prices could temporarily spike to $70 a barrel in the second quarter of the year, the bank's analysts said in a note.

Published 23 Feb, 2021 07:01pm

Markets

Safe-haven dollar looks to end week strong as market jitters persist

"The overall trend does reflect these supply issues around the US dollar," said Michael McCarthy, chief strategist at CMC Markets in Sydney.

Published 29 Jan, 2021 10:25am

Markets

Wall St closes higher as Yellen backs more stimulus

Tesla Inc shares rose after Jefferies raised its earnings estimates ahead of the electric-car maker's fourth-quarter results next week.

Published 20 Jan, 2021 10:15am

Business & Finance

Under govt pressure, big US lenders rush to launch more pandemic loans

WASHINGTON: The US government is pressuring large lenders to go live this week with another round of a key federal...

Published 20 Jan, 2021 04:29am

Markets

Wall St opens higher ahead of Yellen speech; spotlight on earnings

Yellen's speech begins at 10 a.m. ET.
Bank of America, Goldman Sachs rise on profit beat.
Halliburton up after higher sequential profit.
Indexes up: Dow 0.74%, S&P 0.79%, Nasdaq 1.03%.

Published 19 Jan, 2021 09:55pm

Markets

Bitcoin, US tech stocks seen as biggest market bubbles

According to nearly 90% of respondents in Deutsche Bank's monthly money-manager study.
The cryptocoin hit a record high $40,000 earlier this month, having rallied more than 900% since a low in March and having only just breached $20,000 in mid-December.

Published 19 Jan, 2021 07:11pm

Business & Finance

Bitcoin overtakes "long tech" as most crowded trade

The expectation of higher bond yields was at or close to all-time highs.

Published 19 Jan, 2021 02:15pm

Markets

Dollar bears grow cautious as U.S. yields rise

Still, the prospect that rising yields will continue burnishing the dollar's attractiveness has given pause to some investors betting on more declines in the greenback.

Published 13 Jan, 2021 11:38pm

Markets

UBS hires StanChart's Granger as head of Southeast Asia M&A

UBS confirmed the appointment.

Published 12 Jan, 2021 02:10pm

Markets

US Treasury-led report calls for overhaul of money market funds

The crunch prompted the Fed to buy $1.6 trillion in Treasuries and take other measures to stabilize the markets.

Published 23 Dec, 2020 11:26am

Business & Finance

Brazilian steelmaker CSN hires banks for IPO of mining unit: Report

Bank of America, XP Inc, Banco BTG Pactual SA and Morgan Stanley will manage an offering that may raise 10 billion reais ($1.81 billion).
Shares in CSN closed the trading day up 1.99% at 14.84 reais, after starting the day down 2.2%.

Published 26 Aug, 2020 04:39pm

Markets

China poised to beat US in digital currency race, admits Bank of America

Analysts say digital yuan could increase the Chinese currency’s use in international commerce

Updated 08 Jul, 2020 09:15pm

Business & Finance

Bank of America shuffles Asia capital markets leaders

They will replace Chris Gammons who will become vice chairman of emerging growth and regional coverage, the bank said.
Coben has been BofA's vice chairman of global capital markets since 2018 and has been with the bank for 15 years.

Published 22 Jun, 2020 07:25pm

Business & Finance

Bank of America to pay $7.23 million after overcharging mutual fund customers

The Financial Industry Regulatory Authority said on Thursday that the accord resolves charges that customers with more than 13,000 accounts.

Published 04 Jun, 2020 07:41pm

Gainers
Losers
Leaders

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Feb 27 786 Investments Limited(786)	10.14 ▼ 0.00 (0.00%)
AL- Abbas / Feb 27 Al-Abbas Sugar Mills Limited(AABS)	355.00 ▼ 0.00 (0.00%)
Agro Allianz / Feb 27 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Feb 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Feb 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Feb 27 Allied Bank Limited(ABL)	80.52 ▼ 0.00 (0.00%)
Abbott Lab. / Feb 27 Abbott Laboratories (Pakistan) Limited(ABOT)	759.20 ▼ 0.00 (0.00%)
Abson Ind. / Feb 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Feb 27 Attock Cement Pakistan Limited(ACPL)	189.73 ▼ 0.00 (0.00%)
Adam Sugar / Feb 27 Adam Sugar Mills Limited(ADAMS)	30.06 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 27	158.10
USD PKR Interbank Buying / Feb 27	158.00
USD to Japanese Yen / Feb 27	106.57
USD to Swiss Franc / Feb 27	0.91
Pound Sterling to USD / Feb 27	1.39
Euro to USD / Feb 27	1.21
UK LIBOR % / Feb 27	0.08

Stock	Volume
S&P 500 / Feb 27	3811.15
India Sensex / Feb 27	49099.99
Tokyo Nikkei / Feb 27	28966.01
Nasdaq / Feb 27	13192.35
Hang Seng / Feb 27	28980.21
FTSE 100 / Feb 27	6483.43
Dow Jones / Feb 27	30932.37
Germany DAX 30 / Feb 27	13786.29
France CAC40 / Feb 27	5703.22