Trends - Commerzbank - Business Recorder

Commerzbank

Copper ticks higher, but vulnerable to further losses

Three-month copper on the London Metal Exchange had edged up 0.1% to $9,914 a tonne.
Shanghai copper prices fell, closing 0.4% lower at 71,420 yuan.

Published 08 Jun, 2021 05:25pm

Markets

Euro zone bond yields edge lower ahead of ECB meeting, US data

Italy's 10-year government bond yields were flat at 0.918%.

Published 08 Jun, 2021 03:43pm

Markets

South Africa's rand falls ahead of GDP data

In fixed income, the yield on the benchmark government bond due in 2030 was up 0.5 basis point to 8.755% in early deals.

Published 08 Jun, 2021 12:26pm

Markets

Gold rises in Europe

AMSTERDAM/LONDON: Gold prices rose in European trade on Wednesday, hovering below a near five-month peak hit in the...

Published 03 Jun, 2021 04:13am

Markets

Copper down on low China demand despite upbeat factory data

Copper, mainly used in the power and construction industries, is seen as a sensitive gauge of the health of the global economy.

Published 01 Jun, 2021 11:30pm

Markets

OPEC and allies set for another crude output increase

Currently the production roadmap for OPEC+ members consists of a series of increases between May and July adding up to some 1.2 million barrels per day (bpd).

Published 01 Jun, 2021 11:09am

Business & Finance

Turkey’s lira makes strong comeback from all-time lows

ISTANBUL: Turkey’s lira rose almost 1% on Monday, while an index of emerging market currencies was set for the ...

Published 01 Jun, 2021 04:59am

Markets

Turkey's lira make strong come-back from all-time lows

The currency was on course to log its best month this year.

Published 31 May, 2021 02:02pm

Markets

Oil inches higher

LONDON: Oil prices inched higher on Friday, with Brent holding near $70 a barrel as strong US economic data and...

Published 29 May, 2021 03:59am

Markets

Euro zone bond yields back away from multi-month highs for now

Germany's election takes place in September.

Published 17 May, 2021 03:18pm

Business & Finance

Commerzbank beats expectations

FRANKFURT: Germany’s second-largest lender Commerzbank on Wednesday turned in a solid first-quarter performance,...

Published 13 May, 2021 03:10am

Markets

Oil rises after key US fuel pipeline plans restart

NEW YORK: Oil prices turned higher on Monday as a major US fuel pipeline said it could largely restart within the...

Published 11 May, 2021 04:39am

Business & Finance

Commerzbank CEO says aims to keep lender independent

Knof, speaking after a deal was struck between management and employees over thousands of job reductions, said the bank has made a significant step in cutting costs.
He said he hopes that future strategy plans focus more on customers.

Published 07 May, 2021 08:14pm

Business & Finance

Commerzbank strikes deal with workers over job cuts

Paves way for 10,000 job cuts globally.
Deal central to CEO's plan to restore bank to profit.
Bank discloses higher restructuring costs.

Published 07 May, 2021 05:48pm

Business & Finance

Commerzbank job cut deal expected to be signed on Friday

The agreement includes early retirement and reduced hours for older employees, with a focus on those born in 1968 and earlier, the people said. It also includes details on severance packages and retraining programs for employees.
The agreement is central to Chief Executive Manfred Knof's plans to streamline the nation's second-biggest listed lender and return it to profitability.

Published 06 May, 2021 05:48pm

Markets

Arabica coffee climbs to highest level since 2017

LONDON: Arabica coffee futures on ICE rose to the highest level in more than three years on Tuesday with supplies ...

Published 28 Apr, 2021 03:18am

Markets

Raw sugar futures ease; cocoa and coffee climb

LONDON: Raw sugar futures were lower on Monday, suffering a setback after last week's steep climb to a six-week ...

Published 20 Apr, 2021 03:59am

Markets

US MIDDAY: Corn futures ease; wheat, soyabeans up

CHICAGO, April 15 (Reuters) - US corn futures dipped on Thursday, pressured by commercial hedging after spiking ...

Published 16 Apr, 2021 03:40am

Markets

Oil falls on surge in US gasoline stocks

US gasoline stocks jump by 4 mln barrels.
Tentative talks around lifting of Iranian sanctions.
Russian exports increase in April.

Published 08 Apr, 2021 06:12pm

Markets

Euro zone bond yields flat, Italy's new issuance in focus

Italy started the process of selling new 50-year and 7-year bonds via a syndicate of banks on Wednesday, having flagged the new issues the previous day.

Updated 08 Apr, 2021 09:06am

Business & Finance

Commerzbank to book Q1 restructuring charge of around 470 million euros

The bank also has agreed with its workers council to reduce headcount by 1,700 people by the end of this year as part of its previously announced overhaul.

Published 01 Apr, 2021 07:24pm

Markets

Oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh

OPEC+ has lowered its oil demand growth forecast for this year by 300,000 barrels per day (bpd), a report from its experts panel meeting seen by Reuters showed.

Published 31 Mar, 2021 11:56pm

Markets

Arabica coffee slides to 1-1/2 month low, cocoa also plunges

Rains are expected in Brazil coffee areas from April 4, which could improve conditions for final stage of beans growth before the harvest.

Published 31 Mar, 2021 01:22am

Markets

Sterling falls versus stronger dollar, stabilises versus euro

The UK's 2-year gilt yield also rose in early trade on Tuesday, up as much as 3 basis points at the 8-day high of 0.112pc.

Published 31 Mar, 2021 01:00am

Markets

US MIDDAY: Gold slides

NEW YORK: Gold slipped more than 1% to an over two-week low on Monday as a firm dollar and rising US Treasury yields...

Published 30 Mar, 2021 05:45am

Markets

Gold falls in Europe

LONDON: Gold slipped more than 1% to an over two-week low on Monday as a firm dollar and rising US Treasury yields...

Published 30 Mar, 2021 05:45am

Markets

Gold slides over 1pc as dollar, yields advance

Spot gold fell 1.1pc to $1,713.52 per ounce by 12:38 p.m. EDT (1638 GMT). U.S. gold futures fell 1.2pc to $1,711.60.

Updated 30 Mar, 2021 12:01am

Markets

German 10-year yield falls to February low as pandemic concerns weigh

The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.

Published 25 Mar, 2021 11:48pm

Markets

Gold gains in tug-of-war between lower yields and firm dollar

U.S. benchmark Treasury yields continued their dip, translating into lower opportunity cost of holding bullion, after scaling one-year highs last week.

Updated 26 Mar, 2021 12:05am

Business & Finance

Commerzbank board member resigned over cum-ex trading investigation

Commerzbank's largest shareholder, the German government, lost confidence in Schmitz, who resigned following a meeting of supervisory board members on Wednesday, some of the people said.

Published 25 Mar, 2021 08:00pm

Gainers
Losers
Leaders

Stock	Price
Jahangir Siddiqui (R) / Jun 14 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	6.01 ▲ 1.00 (19.96%)
Crescent Textile (R) / Jun 14 Crescent Textile Mills Ltd.(R)(CRTMR2)	6.76 ▲ 1.00 (17.36%)
Al-Mali / Jun 14 Modaraba Al-Mali(MODAM)	8.99 ▲ 0.98 (12.23%)
A. Shah Ghazi / Jun 14 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	9.51 ▲ 1.00 (11.75%)
Universal Ins. / Jun 14 The Universal Insurance Company Limited(UVIC)	6.11 ▲ 0.58 (10.49%)
Ashfaq Textile / Jun 14 Ashfaq Textile Mills Limited(ASHT)	11.00 ▲ 1.00 (10.00%)
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	12.83 ▲ 1.00 (8.45%)
Int. Ind. / Jun 14 International Industries Limited(INIL)	227.68 ▲ 15.88 (7.50%)
Int. Steel / Jun 14 International Steels Limited(ISL)	98.35 ▲ 6.86 (7.50%)
Khairpur / Jun 14 Khairpur Sugar Mills Limited(KPUS)	49.45 ▲ 3.45 (7.50%)

Stock	Price
Tri-Star Power / Jun 14 Tri-Star Power Limited(TSPL)	6.30 ▲ -0.61 (-8.83%)
Shadman Cotton / Jun 14 Shadman Cotton Mills Limited(SHCM)	30.26 ▲ -2.45 (-7.49%)
Landmark Sp. / Jun 14 Landmark Spinning Industries Limited(LMSM)	26.14 ▲ -2.11 (-7.47%)
Agritech / Jun 14 Agritech Limited(AGL)	6.71 ▲ -0.53 (-7.32%)
Frontier Cer. / Jun 14 Frontier Ceramics Limited(FRCL)	35.21 ▲ -2.74 (-7.22%)
Bilal Fibres / Jun 14 Bilal Fibres Limited(BILF)	3.65 ▲ -0.25 (-6.41%)
HBL Inv.Fund / Jun 14 HBL Investment Fund(HIFA)	3.00 ▲ -0.20 (-6.25%)
Shahtaj Sug. / Jun 14 Shahtaj Sugar Mills Limited(SHJS)	58.20 ▲ -3.75 (-6.05%)
First Pak Modaraba / Jun 14 First Pak Modaraba(PAKMI)	2.81 ▲ -0.18 (-6.02%)
Colony Textile / Jun 14 Colony Textile Mills Limited(CTM)	6.55 ▲ -0.41 (-5.89%)

Stock	Volume
Byco Petr. / Jun 14 Byco Petroleum Pakistan Limited(BYCO)	108,461,000 ▼ 0.00
Hum Network / Jun 14 Hum Network Limited(HUMNL)	108,053,000 ▼ 0.00
Worldcall / Jun 14 Worldcall Telecom Limited(WTL)	97,886,000 ▼ 0.00
Aisha Steel / Jun 14 Aisha Steel Mills Limited(ASL)	40,490,000 ▼ 0.00
Agritech / Jun 14 Agritech Limited(AGL)	38,947,000 ▼ 0.00
Pakistan Refinery / Jun 14 Pakistan Refinery Limited(PRL)	38,684,500 ▼ 0.00
Pak Petroleum / Jun 14 Pakistan Petroleum Limited(PPL)	32,554,179 ▼ 0.00
Hascol Petroleum / Jun 14 Hascol Petroleum Limited(HASCOL)	30,033,280 ▼ 0.00
K-Electric Ltd / Jun 14 K-Electric Limited(KEL)	28,725,000 ▼ 0.00
Ghani Global Hold. / Jun 14 Ghani Global Holdings Limited(GGL)	28,496,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	155.85
USD PKR Interbank Buying / Jun 11	155.75
USD to Japanese Yen / Jun 11	109.66
USD to Swiss Franc / Jun 11	0.90
Pound Sterling to USD / Jun 11	1.41
Euro to USD / Jun 11	1.21
UK LIBOR % / Jun 11	0.06

Stock	Volume
S&P 500 / Jun 11	4247.44
India Sensex / Jun 11	52474.76
Tokyo Nikkei / Jun 11	28948.73
Nasdaq / Jun 11	14069.43
Hang Seng / Jun 11	28842.13
FTSE 100 / Jun 11	7134.06
Dow Jones / Jun 11	34479.60
Germany DAX 30 / Jun 11	15693.27
France CAC40 / Jun 11	6600.66

Item	Value
Crude Oil / Jun 11	70.91
Karachi Cotton Assoc. / Jun 11	12300.00
Gold 10 Grams / Jun 11	89163.00
Gold Spot / Jun 11	1879.60
Cotton / Jun 11	87.92

Commerzbank

Copper ticks higher, but vulnerable to further losses

Euro zone bond yields edge lower ahead of ECB meeting, US data

South Africa's rand falls ahead of GDP data

Gold rises in Europe

Copper down on low China demand despite upbeat factory data

OPEC and allies set for another crude output increase

Turkey’s lira makes strong comeback from all-time lows

Turkey's lira make strong come-back from all-time lows

Oil inches higher

Euro zone bond yields back away from multi-month highs for now

Commerzbank beats expectations

Oil rises after key US fuel pipeline plans restart

Commerzbank CEO says aims to keep lender independent

Commerzbank strikes deal with workers over job cuts

Commerzbank job cut deal expected to be signed on Friday

Arabica coffee climbs to highest level since 2017

Raw sugar futures ease; cocoa and coffee climb

US MIDDAY: Corn futures ease; wheat, soyabeans up

Oil falls on surge in US gasoline stocks

Euro zone bond yields flat, Italy's new issuance in focus

Commerzbank to book Q1 restructuring charge of around 470 million euros

Oil prices mixed as U.S. crude inventory draw supports, OPEC+ concerns weigh

Arabica coffee slides to 1-1/2 month low, cocoa also plunges

Sterling falls versus stronger dollar, stabilises versus euro

US MIDDAY: Gold slides

Gold falls in Europe

Gold slides over 1pc as dollar, yields advance

German 10-year yield falls to February low as pandemic concerns weigh

Gold gains in tug-of-war between lower yields and firm dollar

Commerzbank board member resigned over cum-ex trading investigation

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