Trends - Commerzbank - Business Recorder

Commerzbank

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

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

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 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

Markets

European stocks muted as new lockdown outweighs strong business activity data

"COVID management is a bumpy road. We nevertheless think that recovery will be quite strong in the second half of the year."

Updated 25 Mar, 2021 12:06am

Business & Finance

Dollar rises in Europe

LONDON: The US dollar firmed on Wednesday with 10-year Treasury yields hitting fresh 13-month highs ahead of a...

Published 18 Mar, 2021 03:56am

World

Germany’s AstraZeneca move could stymie recovery: economists

BERLIN: Germany’s decision to suspend AstraZeneca’s COVID-19 vaccine could delay progress in reaching herd...

Updated 17 Mar, 2021 09:44am

Business & Finance

Commerzbank says chairman steps down for health reasons

Chairman had joined Commerzbank last year.
Resignation kicks off search for new chair.
Commerzbank going through major restructuring.

Updated 16 Mar, 2021 10:00pm

Markets

Former Commerzbank CEO launches fintech SPAC in Amsterdam

The SPAC of Blessing, a former co-president of UBS' Global Wealth Management unit, comes on the heels of former UniCredit boss Jean-Pierre Mustier's announcement to list a shell company in Europe.

Published 15 Mar, 2021 02:57pm

Business & Finance

German yields rise with US treasuries as ECB impact fades

AMSTERDAM: Benchmark German government bonds gave up gains made a day earlier when the European Central Bank said it...

Published 15 Mar, 2021 05:22am

Markets

Latam FX surge as ebbing inflation fears boost risk appetite

Risk appetite got a boost after tepid underlying consumer prices data from the United States on Wednesday eased concerns about a likely surge in inflation from large stimulus packages, which had hammered markets in recent days.
Brazil's central bank said it would sell up to $1 billion in currency swaps on Thursday, extending its recent intervention in the foreign exchange market to support the depreciating currency.

Updated 11 Mar, 2021 10:04pm

Markets

Euro zone bond yields stabilise; markets focus on ECB policy hints

The spread between Italian and German 10-year yields narrowed, to 101.3 bps.

Updated 03 Mar, 2021 03:00pm

Markets

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 28 786 Investments Limited(786)	5.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 28 Al-Abbas Sugar Mills Limited(AABS)	430 ▼ 0.00 (0.00%)
Agro Allianz / May 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 28 Allied Bank Limited(ABL)	67.02 ▼ 0.00 (0.00%)
Abbott Lab. / May 28 Abbott Laboratories (Pakistan) Limited(ABOT)	396.88 ▼ 0.00 (0.00%)
Abson Ind. / May 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 28 Alfalah Consumer Index ETF.(ACIETF)	6.44 ▼ 0.00 (0.00%)
Attock Cement / May 28 Attock Cement Pakistan Limited(ACPL)	84.92 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 28 786 Investments Limited(786)	5.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 28 Al-Abbas Sugar Mills Limited(AABS)	430 ▲ 0.00 (0.00%)
Agro Allianz / May 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 28 Allied Bank Limited(ABL)	67.02 ▲ 0.00 (0.00%)
Abbott Lab. / May 28 Abbott Laboratories (Pakistan) Limited(ABOT)	396.88 ▲ 0.00 (0.00%)
Abson Ind. / May 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 28 Alfalah Consumer Index ETF.(ACIETF)	6.44 ▲ 0.00 (0.00%)
Attock Cement / May 28 Attock Cement Pakistan Limited(ACPL)	84.92 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / May 28 Worldcall Telecom Limited(WTL)	10,337,204 ▲ 0.00
Maple Leaf Cement / May 28 Maple Leaf Cement Factory Limited(MLCF)	9,791,080 ▲ 0.00
National Bank / May 28 National Bank of Pakistan(NBP)	6,677,000 ▲ 0.00
K-Electric Ltd. / May 28 K-Electric Limited(KEL)	6,575,839 ▲ 0.00
TPL Properties / May 28 TPL Properties Limited(TPLP)	6,146,502 ▲ 0.00
TRG Pak Ltd / May 28 TRG Pakistan Limited(TRG)	5,905,462 ▲ 0.00
Cnergyico PK / May 28 Cnergyico PK Limited(CNERGY)	5,687,015 ▲ 0.00
Unity Foods Ltd / May 28 Unity Foods Limited(UNITY)	5,667,051 ▲ 0.00
Fauji Cement / May 28 Fauji Cement Company Limited(FCCL)	5,559,000 ▲ 0.00
Gul Ahmed / May 28 Gul Ahmed Textile Mills Limited(GATM)	5,224,816 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 26	285.40
USD PKR Interbank Buying / May 26	285.15
USD to Japanese Yen / May 26	140.60
USD to Swiss Franc / May 26	0.91
Pound Sterling to USD / May 26	1.23
Euro to USD / May 26	1.07
UK LIBOR % / May 26	5.06

Stock	Volume
Hang Seng / May 25	18746.92
S&P 500 / May 26	4205.45
India Sensex / May 26	62501.69
Tokyo Nikkei / May 26	30916.31
Nasdaq / May 26	12975.69
FTSE 100 / May 26	7627.20
Dow Jones / May 26	33093.34
Germany DAX 30 / May 26	15983.97
France CAC40 / May 26	7319.18

Item	Value
Crude Oil USD/Barrel / May 26	72.67
Karachi Cotton PKR/37.32 KG / May 26	20235
Gold 10 Grams PKR / May 26	202118
Gold Spot USD/Ounce / May 26	1946.46
Cotton US¢/pound / May 26	80.54

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