Trends - Commerzbank - Business Recorder

Commerzbank

Copper leaps to 9-year high

LONDON: Copper rose to its highest since April 2012 on Thursday as Chinese investors returning from a week-long...

Published 19 Feb, 2021 04:07am

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

BERLIN: Germany’s second-largest lender Commerzbank said Thursday it hopes to return to an operating profit in ...

Published 15 Feb, 2021 04:53am

Markets

Gold slips, platinum rally pauses in Europe

LONDON/ROTTERDAM: Gold slipped as the dollar rebounded on Friday while platinum took a breather after expectations ...

Published 13 Feb, 2021 04:11am

Business & Finance

Bitcoin clings to Tesla gains in Europe

LONDON: Bitcoin hovered close to record highs on Friday, set for gains of over 20% in a milestone week marked by the...

Published 13 Feb, 2021 04:11am

Markets

European shares surge

• AstraZeneca rises as it sees growth picking up • Commerzbank tumbles as quarterly loss deepens • Credit...

Published 12 Feb, 2021 04:54am

Markets

Platinum hovers near 6-year peak in Europe

• Gold listless, silver up 0.6pc LONDON/ROTTERDAM: Platinum extended its gains into a fifth straight session on...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Commerzbank reports $3.3bn loss as it counts cost of restructuring, pandemic

The bank had already flagged a large annual loss.
Commerzbank sees lower revenue in 2021.
Can't yet say if it will be back in the black in 2021.
Lender eyes swiftly closing branches, cutting jobs.
Shares down 6.9%.

Updated 11 Feb, 2021 09:26pm

Business & Finance

Commerzbank confirms losses, eyes profits in 2021

It added that it planned to raise its operating profits to around 2.7 billion euros by 2024, and resume dividend payments from 2023.

Published 11 Feb, 2021 05:54pm

Markets

Commerzbank reports $3.3 billion Q4 loss amid restructuring

The figures come a week after Commerzbank Chief Executive Manfred Knof finalized plans for the radical overhaul and a month after he took the reins of Germany's No. 2 bank.

Published 11 Feb, 2021 12:09pm

Markets

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

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 10 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 10 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 10 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 10 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 10 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 10 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 10 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 10 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 10 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 10 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 10 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 10 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 10 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 10 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 10 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 10 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 10 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 10 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 10 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 10 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 10 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 10 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 10 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 10 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 10 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 10 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 10 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 10 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 10 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 10 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.40
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.26
Euro to USD / Jun 9	1.07
UK LIBOR % / Jun 9	5.07

Stock	Volume
S&P 500 / Jun 9	4298.86
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32265.17
Nasdaq / Jun 9	13259.14
Hang Seng / Jun 9	19389.95
FTSE 100 / Jun 9	7562.36
Dow Jones / Jun 9	33876.78
Germany DAX 30 / Jun 9	15949.84
France CAC40 / Jun 9	7213.14

Item	Value
Crude Oil USD/Barrel / Jun 9	70.17
Karachi Cotton PKR/37.32 KG / Jun 9	20235
Gold 10 Grams PKR / Jun 9	196588
Gold Spot USD/Ounce / Jun 9	1961.19
Cotton US¢/pound / Jun 9	81.82

Commerzbank

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