Trends - European Central Bank

European Central Bank

Auto rally, corporate earnings push European shares to record highs

The pan-European STOXX 600 index rallied 1.1pc to hit a record high of 461.75, and marked a 1.5pc weekly rise - its biggest weekly gain since early May.

Published 23 Jul, 2021 10:19pm

Markets

German bond yields drop for second week as Delta rattles markets

Financial markets were volatile earlier in the week as sentiment over the global economic outlook swung with each new Delta headline, although the prevailing mood was improving by late Friday.

Published 23 Jul, 2021 10:10pm

Markets

Gold dips as yields perk up, dollar strengthens

Spot gold fell 0.2pc to $1,802.78 per ounce by 12:11 pm EDT (1611 GMT). U.S. gold futures dipped 0.2pc to$1,802.50.

Published 23 Jul, 2021 10:05pm

Markets

Copper gains for fourth session on economic recovery hopes

Three-month copper on the London Metal Exchange (LME) had climbed 1pc to $9,534.50 a tonne by 1615 GMT, on track to finish the week in positive territory.

Published 23 Jul, 2021 09:55pm

Markets

Asian shares dragged by vaccination lag, Wall St fares better

Japan's Nikkei was closed for a holiday, but off 1.7% for the week and a whisker away from a seven-month trough

Published 23 Jul, 2021 10:20am

World

ECB set to promise even longer support to charge inflation

Among its conclusions, it said longer periods of ultra-low inflation such as the current one require "especially forceful or persistent" support -- an ambiguous formulation that is proving difficult to convert into actual policy.

Published 22 Jul, 2021 01:56pm

Markets

Dollar, yen on back foot as risk sentiment revives; Musk buoys bitcoin

Cryptocurrencies held gains after Tesla Inc CEO Elon Musk said the company would "most likely" resume accepting bitcoin for payment

Published 22 Jul, 2021 11:14am

Business & Finance

Early trade: US dollar rises to three-month high

NEW YORK/LONDON: The US dollar climbed to a three-month peak on Tuesday in a flight-to-safety bid, as investors...

Published 21 Jul, 2021 01:51am

Markets

Euro zone bond yields fall ahead of the ECB policy meeting

Germany's 10-year bond yield was down 1 basis point, after hitting a fresh lowest since March 29 at -0.369%

Published 19 Jul, 2021 01:36pm

Business & Finance

ECB launches pilot project to create ‘digital euro’

FRANKFURT: The European Central Bank on Wednesday formally launched a pilot project to create a “digital euro”,...

Published 15 Jul, 2021 04:03am

Markets

US MIDDAY: Gold jumps

NEW YORK: Gold jumped on Wednesday after US Federal Reserve Chair Jerome Powell reassured investors that the central...

Published 15 Jul, 2021 04:03am

Markets

European stocks sink

AMSTERDAM/LONDON: European stocks sank on Thursday, posting their worst session in two months with all sectors in ...

Published 09 Jul, 2021 04:25am

Business & Finance

Early trade in New York: Dollar falls as euro climbs

NEW YORK: The dollar retreated on Thursday from a three-month high hit late in the previous session, mainly due to...

Published 09 Jul, 2021 04:25am

Business & Finance

Euro climbs across the board in Europe

LONDON: The euro climbed across the board on Thursday and the Japanese yen was on track to post its biggest daily...

Published 09 Jul, 2021 04:25am

ECB to flex its financial muscle in climate change fight

FRANKFURT: The European Central Bank will take greater account of climate change in its core policy decisions, in ...

Updated 09 Jul, 2021 10:34am

Business & Finance

Inflation surge 'temporary': BIS

ZURICH: The recent inflation surge is most likely a "temporary" phenomenon, the Bank for International Settlements...

Published 30 Jun, 2021 03:54am

Markets

ECB's Lane says early to discuss end of emergency bond buys: Bloomberg TV

The ECB last week decided to maintain an elevated level of bond buys but kept its formulation ambiguous enough to allow for some fluctuation.

Published 17 Jun, 2021 12:16pm

Markets

European shares up

AMSTERDAM/LONDON: European shares rose for an eighth straight session on Tuesday, driven by optimism over an ...

Published 16 Jun, 2021 03:39am

Markets

ECB could discuss transition away from PEPP as soon as Sept

Rehn added that the 1.85 trillion euro Pandemic Emergency Purchase Programme will run at least until next March, as repeatedly decided by the ECB.

Published 15 Jun, 2021 02:21pm

Markets

ECB's Schnabel wants bond-buying green tilt

Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change.
"Another possibility would be to pursue a more sophisticated 'tilting strategy' under which the ECB could adjust its monetary policy operations more gradually in line with sustainability considerations," Schnabel said.

Published 14 Jun, 2021 07:26pm

Markets

Dollar looks stronger as euro and sterling dip

Currency markets had been sluggish all week in anticipation of Thursday's release of U.S. consumer prices, which rose 5pc year-on-year in May.

Updated 12 Jun, 2021 12:42am

World

Italian economy to grow around 5pc this year, says central bank

The central bank's latest projection, part of a regular forecasting exercise coordinated by the European Central Bank, is above the most recent estimate by the Italian government, which forecast growth of 4.5% in April.

Published 11 Jun, 2021 06:47pm

Business & Finance

Early trade in New York: Dollar oscillates as market digests US inflation data, ECB

NEW YORK: The dollar index was down slightly on Thursday in a choppy session in which it alternated between losses...

Published 11 Jun, 2021 03:41am

Business & Finance

Sterling rises against dollar, euro

LONDON: Sterling reversed earlier losses to rise versus the dollar and euro on Thursday after data showed US ...

Published 11 Jun, 2021 03:41am

Markets

UK blue chips end higher as telecoms group BT surges on stake buy

The European Central Bank also pledged to keep monetary policy loose despite lifting its growth and inflation projections for the euro zone.

Updated 10 Jun, 2021 10:45pm

Markets

Dollar oscillates as market digests US inflation data, ECB

FX volatility at lowest since February 2020.
Traders eye steep US inflation numbers.
Bitcoin steady after biggest rally in four months.

Published 10 Jun, 2021 08:21pm

Markets

European stocks steady before ECB, US inflation

London's benchmark FTSE 100 index edged up 0.1 percent to 7,085.38 points.

Published 10 Jun, 2021 12:42pm

Markets

British shares lower

LONDON: British shares ended lower on Thursday after broadly underperforming their European peers, dragged down by...

Published 10 Jun, 2021 03:22am

Markets

European shares up

AMSTERDAM/LONDON: European stocks remained near record highs on Wednesday, with investors holding off on taking big...

Published 10 Jun, 2021 03:22am

Business & Finance

Early trade in New York: Dollar inches lower

NEW YORK: The dollar was slightly weaker on Wednesday as investors focused on a European Central Bank meeting and ...

Published 10 Jun, 2021 03:22am

Gainers
Losers
Leaders

Stock	Price
First Fidelity Leas. / Jul 5 First Fidelity Leasing Modaraba(FFLM)	3.40 ▲ 0.79 (30.27%)
Dewan Textile / Jul 5 Dewan Textile Mills Limited(DWTM)	3.68 ▲ 0.73 (24.75%)
Ashfaq Textile / Jul 5 Ashfaq Textile Mills Limited(ASHT)	9.90 ▲ 1.00 (11.24%)
Tri-Star Power / Jul 5 Tri-Star Power Limited(TSPL)	3.70 ▲ 0.35 (10.45%)
Reliance Ins. / Jul 5 Reliance Insurance Company Limited(RICL)	7.10 ▲ 0.56 (8.56%)
AKD Hospitality / Jul 5 AKD Hospitality Limited(AKDHL)	177.04 ▲ 12.35 (7.50%)
Allawasaya Tex / Jul 5 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1639.82 ▲ 114.40 (7.50%)
Dadex Eternit / Jul 5 Dadex Eternit Limited(DADX)	83.02 ▲ 5.79 (7.50%)
Sanofi-Aventis / Jul 5 Sanofi-Aventis Pakistan Limited(SAPL)	1327.20 ▲ 92.59 (7.50%)
Crescent Steel / Jul 5 Crescent Steel & Allied Products Limited(CSAP)	46.34 ▲ 3.23 (7.49%)

Stock	Price
Shaheen Ins. / Jul 5 Shaheen Insurance Company Limited(SHNI)	3.00 ▲ -0.60 (-16.67%)
Dawood Equities / Jul 5 Dawood Equities Limited(DEL)	6.75 ▲ -0.76 (-10.12%)
Bhanero Tex. / Jul 5 Bhanero Textile Mills Limited(BHAT)	1355.13 ▲ -109.87 (-7.50%)
K.S.B.Pumps / Jul 5 KSB Pumps Company Limited(KSBP)	141.34 ▲ -11.46 (-7.50%)
Punjab Oil / Jul 5 Punjab Oil Mills Limited(POML)	172.97 ▲ -14.02 (-7.50%)
Tandlianwala Sugar / Jul 5 Tandlianwala Sugar Mills Limited(TSML)	123.95 ▲ -10.05 (-7.50%)
Zahid Jee Tex. / Jul 5 Zahidjee Textile Mills Limited(ZAHID)	24.79 ▲ -2.01 (-7.50%)
J.K.Spinning / Jul 5 J.K. Spinning Mills Limited(JKSM)	51.74 ▲ -4.19 (-7.49%)
Shams Textile / Jul 5 Shams Textile Mills Limited(STML)	43.85 ▲ -3.55 (-7.49%)
MithchellsFruit / Jul 5 Mitchells Fruit Farms Limited(MFFL)	91.20 ▲ -7.36 (-7.47%)

Stock	Volume
Maple Leaf / Jul 5 Maple Leaf Cement Factory Limited(MLCF)	6,504,361 ▼ 0.00
WorldCall Telecom / Jul 5 Worldcall Telecom Limited(WTL)	4,787,500 ▼ 0.00
Fauji Cement / Jul 5 Fauji Cement Company Limited(FCCL)	4,425,000 ▼ 0.00
Pak Refinery / Jul 5 Pakistan Refinery Limited(PRL)	3,686,547 ▼ 0.00
Lotte Chemical / Jul 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,200,012 ▼ 0.00
TPL Properties / Jul 5 TPL Properties Limited(TPLP)	3,141,158 ▼ 0.00
Cnergyico PK / Jul 5 Cnergyico PK Limited(CNERGY)	2,831,138 ▼ 0.00
Sui North Gas / Jul 5 Sui Northern Gas Pipelines Limited(SNGP)	2,733,037 ▼ 0.00
Engro Polymer / Jul 5 Engro Polymer & Chemicals Limited(EPCL)	2,233,185 ▼ 0.00
G3 Technologies / Jul 5 G3 Technologies Limited(GTECH)	2,202,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 4	205.00
USD PKR Interbank Buying / Jul 4	204.80
USD to Japanese Yen / Jul 4	135.87
USD to Swiss Franc / Jul 4	0.96
Pound Sterling to USD / Jul 4	1.29
Euro to USD / Jul 4	1.04
UK LIBOR % / Jul 4	1.57

Stock	Volume
S&P 500 / Jul 4	3825.33
India Sensex / Jul 4	53234.77
Tokyo Nikkei / Jul 4	26153.81
Nasdaq / Jul 4	11127.84
Hang Seng / Jul 4	21830.35
FTSE 100 / Jul 4	7232.65
Dow Jones / Jul 4	31097.26
Germany DAX 30 / Jul 4	12773.38
France CAC40 / Jul 4	5954.65

Item	Value
Crude Oil USD/Barrel / Jul 4	110.43
Karachi Cotton PKR/37.32 KG / Jul 4	16880.00
Gold 10 Grams PKR / Jul 4	118900.00
Gold Spot USD/Ounce / Jul 4	1809.29
Cotton US¢/pound / Jul 4	97.48

European Central Bank

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