Trends - Commerzbank - Business Recorder

Commerzbank

Copper rises to one-month high

LONDON: Copper hit a one-month high on Tuesday due to a weaker dollar, optimism over a $1.9 trillion stimulus ...

Published 10 Feb, 2021 04:12am

Business & Finance

Dollar struggles; bitcoin soars in Europe

LONDON: The US dollar was firmly pinned at a one-week low on Tuesday as an overnight slide in US Treasury yields...

Published 10 Feb, 2021 04:12am

Markets

Tin prices slip from multi-year high

LONDON: Tin prices fell on Thursday but remained near their highest since 2014 because of an acute shortage of...

Updated 05 Feb, 2021 11:47pm

Markets

White sugar futures slip back, cocoa down

LONDON: White sugar futures on ICE were lower on Wednesday, easing back after reaching a near four-year peak in the...

Published 04 Feb, 2021 04:13am

Business & Finance

Euro wallows against dollar in Europe

LONDON: The euro wallowed at seven-week lows against the dollar on Tuesday as concern about extended lockdowns in ...

Published 03 Feb, 2021 04:35am

World

Germany's Scholz: Something drastic needs to be done at Commerzbank

The government holds a stake of more than 15 percent in Commerzbank following a bailout during the financial crisis.
Stefan Wittmann, who sits on Commerzbank's supervisory board as a labour representative.

Published 02 Feb, 2021 07:20pm

Markets

Oil rises but remains rangebound as OPEC cuts offset virus fears

SINGAPORE: Oil prices edged up in Asian trade on Friday but traded in a tight range as demand concerns caused by new...

Published 30 Jan, 2021 03:55am

Markets

Silver extends golden run in Europe

MILAN/ROTTERDAM: Silver rose more than 4% on Friday following a near 5% gain on Thursday that came after messages on...

Published 30 Jan, 2021 03:55am

Business & Finance

Commerzbank to cut 10,000 jobs, close 340 branches

The cuts will affect one in three jobs in Germany, the Frankfurt-based lender said in a statement.

Published 28 Jan, 2021 09:29pm

Markets

Dollar lifts copper as rally loses momentum

LONDON: Copper rose on Tuesday as the dollar weakened, making metals cheaper for buyers outside the United States,...

Published 27 Jan, 2021 04:59am

Markets

Gold prices down in Europe

LONDON: Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a...

Published 23 Jan, 2021 03:56am

Markets

Oil prices up

NEW YORK: Oil rose on Wednesday on expectations that US President Joe Biden’s administration will deliver massive...

Published 21 Jan, 2021 04:23am

Markets

Brazil's real rises ahead of c.bank meeting, rest of Latam trails

Copom to keep Selic rate at record low of 2.0%.
Brazil's real leads gains among Latam peers.
Chilean peso rises amid higher copper prices.

Published 20 Jan, 2021 08:11pm

Markets

World oil prices fall slightly

LONDON: Oil prices fell slightly on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world...

Published 19 Jan, 2021 04:22am

Markets

Oil slips on coronavirus fears, strong dollar

Brent crude was down 23 cents, or 0.4pc, at $54.87 per barrel at 1720 GMT, and West Texas Intermediate U.S. crude fell 19 cents, or 0.4pc, to $52.17.

Published 19 Jan, 2021 12:39am

Business & Finance

Italian bond yields jump on political uncertainty, 5-year yields turn positive

Italia Viva could bring down Conte's government and unleash political chaos as Italy struggles to contain the COVID-19 pandemic.

Published 13 Jan, 2021 12:07am

Business & Finance

U.S. yields climb further, Brent at 11-month high

The 10-year U.S. yield touched its highest going back to March as prices were pressured ahead of a $38 billion offering later from the Treasury.

Published 13 Jan, 2021 12:00am

Business & Finance

Commerzbank to write off 1.5bn euros in goodwill, increases risk provisions

The charges will be taken for the 2020 financial year, the bank said. They suggest the bank will post a larger loss than analysts had been expecting.
The bank said that the goodwill writedown was "due to deteriorating market parameters," including low interest rates in the euro area and Poland.

Published 08 Jan, 2021 05:46pm

Markets

Soy rally extends into 2021 on South America supply fears; corn ends mixed

Grain markets have been sensitive to any risks over South American supply as strong Chinese import demand has already absorbed much available soy and corn on the world market.

Published 05 Jan, 2021 11:25am

Markets

Rally continues into new year as South America supply worries market

Chicago corn, soybeans hit new 6-1/2 year highs.
Dry weather back in focus for Argentina, south Brazil.
Argentina suspends corn exports till March.
Wheat at 6-year top, weak dollar boosts US export prospects.

Published 04 Jan, 2021 05:45pm

Markets

Euro beats yen, sterling as Brexit, US stimulus boost risk appetite

Win Thin, global head of currency strategy at Brown Brothers Harriman, expects the dollar index to test its February 2018 low of 88.25.

Published 29 Dec, 2020 10:40am

Business & Finance

Commerzbank to sink 610 million euros into job cuts

Shares in Commerzbank fell on Germany's MDAX index, down 0.9 percent at 1200 GMT, compared with a rise of 1.0 percent in the index as a whole.

Published 28 Dec, 2020 08:09pm

Markets

Swiss franc falls against euro on Brexit relief, dollar dips on US stimulus

The yuan crept up after China's central bank lifted its official guidance level to the highest in 30 months , to as high as 6.5280 against the dollar in the onshore market, but was last unchanged at 6.5408.

Published 28 Dec, 2020 03:15pm

Business & Finance

Euro zone government bond yields edge up, focus on stimulus

U.S. lawmakers from both parties said COVID-19's worsening toll meant that failure to agree on a new round of aid was no longer an option.

Published 18 Dec, 2020 02:59pm

Markets

German bond yields edge higher ahead of issuance outlook

Positive risk sentiment on the back of progress on US stimulus, where negotiators were closing in on a $900 billion COVID-19 aid bill, and hopes for a Brexit trade deal probably also hurt safe-haven bonds.

Published 17 Dec, 2020 01:42pm

Markets

Copper heads towards eight-year high on demand hopes and inventories

The metal used widely in the power and construction industries hit $7,973.50 last Friday, its highest since February 2013.

Published 16 Dec, 2020 06:35pm

Business & Finance

Euro zone bond yields edge up on positive PMI surprises

French business activity unexpectedly also almost returned to growth this month as some coronavirus restrictions were eased and the manufacturing sector saw a minor rebound.

Published 16 Dec, 2020 05:56pm

Markets

Gold gains as COVID-19 cases fuel stimulus expectations

Spot gold was up 0.9pc to $1,844.10 per ounce by 1255 GMT, while U.S. gold futures rose 0.9pc to $1,848.70.

Published 15 Dec, 2020 06:43pm

Markets

Oil rises above $50 as vaccine optimism counters new lockdowns

The latest snapshots of U.S. oil supplies are expected to show a mixed picture, with gasoline and distillate stocks rising and crude inventories falling.

Published 15 Dec, 2020 06:27pm

Business & Finance

Euro zone bond yields dip as caution returns

Bond yields rose on Monday after an extension of trade talks between Britain and the European Union eased fears of a messy parting of ways between the two.

Published 15 Dec, 2020 04:46pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

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