Trends - economic recovery - Business Recorder

economic recovery

Google to invest over $7bn in US, create 10,000 jobs

WASHINGTON: Google announced plans Thursday to invest more than $7 billion in the United States this year and create...

Published 19 Mar, 2021 05:32am

Business & Finance

German inflation could top 2pc, first time since 2012: experts

The rise in 2021 would see Europe's biggest economy surpass the ECB inflation target of just under 2.0 percent.

Published 17 Mar, 2021 05:23pm

Markets

S&P and Dow end at record highs

NEW YORK: The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday, as investors eyed an...

Published 17 Mar, 2021 04:45am

Business & Finance

Slow Gulf economic recovery to have long-lasting impact on banks: S&P

"We think that the measures implemented by most central banks in the region are supportive of liquidity but do not remove or reduce credit risk from the balance sheet of banks (yet)," said S&P.

Updated 14 Mar, 2021 12:44pm

Markets

European stocks steady, euro higher before ECB

The meeting of the ECB's 25-member governing council is not set to lead to any changes in the bank's ultra-loose monetary policy.

Published 11 Mar, 2021 04:42pm

Opinion

Dollar snapback may jolt post-pandemic recovery

A pause in the US dollar’s steep downtrend shows signs of morphing into a more robust rebound, posing a threat to...

Published 11 Mar, 2021 05:25am

Markets

China shares slump in volatile trade

SHANGHAI: China's benchmark stock index stood on the precipice of a correction on Tuesday and blue-chip shares...

Published 10 Mar, 2021 04:59am

Vaccines, US stimulus boost global GDP forecast: OECD

PARIS: The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge ...

Published 10 Mar, 2021 04:59am

Business & Finance

Bank of Canada seen resisting investor expectations of early rate hike

The BoC has signaled that interest rates will stay at a record low of 0.25% until 2023, when it expects the economy to reach its potential.
"They have to acknowledge that the outlook is better," said Andrew Kelvin, chief Canada strategist at TD Securities. "At the same time they don't want to encourage runaway expectations for near-term rate hikes."

Updated 08 Mar, 2021 10:18pm

Markets

Copper edges higher on US stimulus package passage fuels recovery hopes

House of Representatives will vote on it on Tuesday.

Published 08 Mar, 2021 09:56am

BR Research

Feeding market gluttony

The market is getting greedy and the government may be feeding this greed. There is no stopping the rates from ...

Published 08 Mar, 2021 07:25am

Markets

Sterling weakens against resurgent dollar

US Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal forum on Thursday, pushing the safe-haven dollar higher.
Sterling fell to a three-week low against the dollar, briefly dropping below $1.38. It was last down 0.6% at $1.3810.

Published 05 Mar, 2021 09:49pm

Markets

Tokyo rubber futures rise

TOKYO: Japanese rubber futures rose more than 2% on Thursday as optimism firmed over the country’s economic...

Published 05 Mar, 2021 05:17am

Markets

Bond scares linger, investors look to Powell

Bond worries remain before Powell's comments later.
US Treasuries fall to 1.46%.
Global shares index down for third day running.
- Dollar near seven-month high vs yen, five-month high vs Swissie.
Gold prices off nine-month low.

Published 04 Mar, 2021 07:33pm

Markets

Hong Kong stocks sharply lower at break

The Hang Seng Index sank 2.55 percent, or 762.12 points, to 29,118.30.

Published 04 Mar, 2021 11:33am

Markets

Japanese shares surge

TOKYO: Japanese shares ended marginally higher on Wednesday, as investors picked up cyclical stocks on hopes of a...

Published 04 Mar, 2021 04:58am

Business & Finance

Dollar slips in Europe

LONDON: The US dollar fell on Wednesday as investor sentiment improved and government bond yields extended their...

Updated 04 Mar, 2021 09:33am

Markets

Australia shares fall in muted response to c.bank stance; weak commodities weigh

In New Zealand, the benchmark S&P/NZX 50 index rose 0.3% to finish the session at 12,344.49 points.

Published 02 Mar, 2021 12:30pm

Markets

Gold slips in NY

NEW YORK: Gold prices gave up gains of 1% on Monday as a stronger dollar and increased risk appetite among investors...

Published 02 Mar, 2021 05:50am

Markets

Monday’s early trade: Wall Street jumps on J&J vaccine cheer, stimulus optimism

NEW YORK: Wall Street’s major averages rose 1.5% on Monday as bond markets calmed after a month-long selloff, ...

Published 02 Mar, 2021 05:50am

Markets

China shares jump

SHANGHAI: China shares ended higher on Monday, rebounding from their biggest weekly loss in a year as investors...

Published 02 Mar, 2021 05:50am

Markets

European shares jump

ROTTERDAM: European shares rose on Thursday, led by sectors expected to benefit from a broader economic recovery, as...

Published 26 Feb, 2021 05:20am

Markets

Japanese shares jump

TOKYO: Japanese shares jumped on Monday, snapping a three-day losing streak, as optimism on economic recovery from...

Published 23 Feb, 2021 05:20am

Business & Finance

Sterling rises above $1.40; long positions at 1-year high

LONDON: The pound rose on Monday, holding close to three-year highs above the key $1.40 level, ahead of an...

Published 23 Feb, 2021 05:20am

World

Brazil's 2021 interest rate outlook rises to 3.75pc, survey shows

The average forecast of the benchmark Selic rate at the end of this year rose to 3.75% from 3.50%, while the end-2022 forecast remained steady at 5.00%.
Economists at Barclays reckon the central bank will raise rates at its next policy meeting in March.

Published 17 Feb, 2021 09:04pm

Markets

Raw sugar futures and coffee climb

LONDON: Raw sugar futures on ICE were higher on Tuesday, buoyed partly by further gains in global equity markets on...

Published 17 Feb, 2021 04:24am

Markets

Russian rouble hits more than 1-month high on soaring oil prices

The rouble was 0.6% stronger against the dollar at 73.24, hovering at levels seen before Navalny's return to Russia last month. It briefly hit 73.1250, its strongest mark since Jan. 14.
The rouble had gained 0.5% to trade at 88.87 versus the euro , earlier touching a more than two-month high of 88.8000.

Published 15 Feb, 2021 06:56pm

Business & Finance

Sterling breaks above $1.38

LONDON: Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in...

Updated 11 Feb, 2021 09:32am

Markets

Japanese shares up

TOKYO: Japanese shares closed higher for a third straight session, after hitting fresh 30-year highs, as strong...

Published 10 Feb, 2021 04:12am

Markets

European shares dip

MILAN/FRANKFURT: European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic...

Published 10 Feb, 2021 04:12am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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