Trends - Euro - Business Recorder

Euro

Dollar index to reverse downtrend in 87.43-88.26 zone in Q1

A downward wave c from 102.99 is still unfolding. It may complete around 87.43, its 100% projection level.

Published 24 Dec, 2020 12:26pm

Markets

U.S. dollar dips as Brexit trade deal nears; sterling gains

Britain and the European Union appeared close to clinching a long-elusive trade agreement on Wednesday.

Published 24 Dec, 2020 03:04am

Markets

Euro, Aussie gain, disregarding Trump's threat to block stimulus

Dollar dips despite Trump threat over stimulus package.
Euro hits $1.22, Aussie adds 0.7%.
Sterling higher on hopes a Brexit deal is nearing.

Published 23 Dec, 2020 06:20pm

World

EU starts to ease bans over UK virus strain; WHO to meet

The major British transit hub said it would reopen from midnight local time (2300 GMT) for travellers with a negative result.

Published 23 Dec, 2020 11:13am

Markets

Euro swaps spread hits widest since mid-March

Euro/dollar three-month swaps widened to 36.875 basis points in favor of the dollar.

Published 23 Dec, 2020 02:41am

Markets

Spread of virus mutation keeps euro and pound under pressure

The pressure on European assets, however, eased after a sell-off on Monday caused by shut-down of the border with France and angst over Brexit trade talks.
With European stock markets back in positive territory, sentiment improved on foreign exchange markets for Europe's top currencies.

Published 22 Dec, 2020 05:29pm

Markets

Yuan treads water ahead of holidays, new virus strain uncertainty

The global dollar index rose to 90.252 from the previous close of 90.132.

Published 22 Dec, 2020 11:58am

Markets

Dollar whipsaws as virus mutation rattles traders

Experts said there was no evidence that vaccines would not protect against the new virus variant, but Britain's chief scientific adviser said that in the meantime tighter restrictions on public life in Britain were likely.

Published 22 Dec, 2020 10:27am

Markets

U.S. dollar rises versus most currencies on new virus strain

The dollar index hit a 10-day high earlier in the session, but then turned lower on the day.

Published 22 Dec, 2020 02:02am

Markets

Gold steadies as new coronavirus strain rattles markets

Bullion had jumped more than 1pc earlier in the session, helped by reports that U.S. congressional leaders reached agreement on a $900 billion package.

Published 22 Dec, 2020 12:29am

Markets

South Africa's rand drops on fears over new virus strains, travel bans

South Africa said on Friday a virus strain similar to the one reported in the United Kingdom was driving a second wave in the country, prompting some countries to include South Africa in their travel bans.

Published 21 Dec, 2020 11:50am

Markets

Hong Kong stocks slip in morning

The Hang Seng Index eased 0.21 percent, or 54.41 points, to 26,444.19.

Published 21 Dec, 2020 11:34am

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

Dollar friendless as bears pile in, poised for worst week in a month

The Bank of Japan ends its two-day policy meeting on Friday and is expected to leave rates steady but announce an extension of a package of steps aimed at easing corporate funding strains.

Published 18 Dec, 2020 10:44am

Business & Finance

German bond yields dip after issuance outlook

McCallum said Thursday's drop in yields was "perhaps to be expected after such a sell-off yesterday in core euro zone government bonds".

Published 17 Dec, 2020 05:25pm

Markets

Raw sugar edges up as dollar weakens, coffee also higher

The dollar fell to its lowest in more than two years against the pound and euro on Thursday.

Published 17 Dec, 2020 04:46pm

Markets

Jordan tenders to buy 120,000 tonnes feed barley

A new tender had been expected after Jordan made no purchase in its previous barley tender also seeking 120,000 tonnes on Tuesday.

Published 17 Dec, 2020 12:27pm

Markets

Euro rises to highest in more than two years as optimism builds

The euro has risen nearly 13pc since the European Union announced a recovery fund in May.

Published 16 Dec, 2020 07:14pm

Markets

Euro rises above $1.22 for first time in more than two years

The euro has been gaining since the European Union announced a recovery fund in May, rising nearly 13pc since then.

Published 16 Dec, 2020 05:51pm

Markets

Stocks peak on vaccine, U.S. stimulus and Brexit deal hopes; dollar slumps

Europe's strong open saw stocks rise 1pc to nine-month highs, with the UK's FTSE 100 index jumping 1.3pc.

Published 16 Dec, 2020 05:21pm

Business & Finance

German bond yields rise to one-week high after positive PMI surprises

Italy's 10-year bond yield was up 1 basis point to 0.49% after hitting a record low at 0.48% on Tuesday.

Published 16 Dec, 2020 04:07pm

Markets

Dollar on the defensive as US leaders meet on stimulus, pound buoyed by Brexit hopes

The dollar index, which measures the greenback against a basket of currencies, was last at 90.477, after sinking as low as 90.419 on Monday, a level not seen since April 2018.

Published 16 Dec, 2020 08:49am

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

Markets

Euro holds firm as U.S. stimulus hopes weigh on dollar

The dollar index, which measures the greenback against a basket of currencies, rose slightly to 90.802.

Published 15 Dec, 2020 04:40pm

Markets

UK GAS-Soaring LNG markets pull prices to near two-year highs

The within-day contract was 1.4 pence higher at 47 p/therm at 1013 GMT, up around 15pc in the last week and its highest since February 2019.

Published 15 Dec, 2020 03:40pm

Markets

Dollar falls; sterling up 1.5pc as Brexit deal hopes lift risk appetite

The pound gained after the UK and European Union agreed on Sunday to continue Brexit talks and the EU's chief negotiator said a deal was still possible.

Published 14 Dec, 2020 06:09pm

Business & Finance

Euro zone yields come off one-month lows after Brexit talks extended

British 10-year Gilts were up 2.5 bps at 0.20%, while Ireland -- the euro zone country most affected by Brexit -- saw its 10-year borrowing costs rise off last week's record low to -0.31%.

Published 14 Dec, 2020 03:51pm

Markets

Euro zone bond yields drop as markets reassess no-deal Brexit risks

Euro zone bond yields resumed their downward trend, with Germany's benchmark 10-year bond yield falling to a one-month low of -0.639pc at 1238 GMT, down 4 bps on the day.

Published 11 Dec, 2020 07:43pm

Markets

Euro gains as ECB holds back 'bazooka,' Sterling falls on Brexit fears

The ECB expanded its debt purchase scheme and agreed to provide banks with even more ultra-cheap liquidity as long as they keep passing the cash onto companies.
The ECB also said it is monitoring the euro's exchange rate with regard to its possible implications for the medium-term inflation outlook.

Published 11 Dec, 2020 02:42am

Markets

Euro stable ahead of ECB stimulus, pound dips on Brexit fears

Against the pound, however, the euro rose 0.7pc to 90.80 pence while sterling sustained similar losses against the dollar, retreating to $1.3317.

Published 10 Dec, 2020 06:21pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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