Trends - European Central Bank

European Central Bank

Sterling falls as EU-UK ‘sausage war’ standoff continues

LONDON: The pound fell against the dollar on Wednesday, as Britain and the European Union failed to agree on...

Published 10 Jun, 2021 03:22am

Markets

Gold range-bound as market awaits U.S. inflation cues

Gold is considered a hedge against inflation likely spurred by large stimulus from central banks and governments around the world.

Published 09 Jun, 2021 11:12pm

Markets

Bond yields hit fresh 1-month low as taper bets recede

10-year US debt yield at lowest since May.
World stocks near record highs.
Some see Fed stimulus in place for some time.
US oil near 2 1/2-year high

Published 09 Jun, 2021 07:11pm

Markets

Gold stays below $1,900/oz ahead of US inflation data, ECB meeting

US 10-year yields touch more than 1-month low.
China May factory gate prices rise at fastest in over 12 yrs.
Too sharp a rise in inflation rate could pressure gold – analyst.

Published 09 Jun, 2021 06:35pm

Markets

Greece follows Italy with bond sale ahead of ECB

"It is clear that the market is pricing in the extension of the ECB's accelerated asset purchase pace as a base case," ING analysts told clients.

Published 09 Jun, 2021 01:16pm

Markets

Stock markets sit tight awaiting key events

The Dow and the tech-heavy Nasdaq were down in morning trading while Europe barely moved either side of the positive-negative line after Asia drifted down slightly.

Published 08 Jun, 2021 09:19pm

Markets

FX volatility at Feb 2020 lows with dollar gaining slightly

FX volatility index falls to Feb 2020 levels.
Euro lower ahead of ECB meeting on Thursday.
Traders wait for policy cues before making new bets.

Published 08 Jun, 2021 08:01pm

Markets

Stocks drift awaiting key events

Wall Street opened mixed, with the Dow moving marginally lower.

Published 08 Jun, 2021 07:02pm

Markets

FX volatility falls to pre-pandemic lows as traders wait it out

FX volatility index falls to Feb 2020 levels.
Euro lower ahead of ECB meeting on Thursday.
Traders wait for policy cues before making new bets.
Sterling dips after recent run higher.

Published 08 Jun, 2021 05:16pm

Markets

Stocks narrowly mixed awaiting key events

European indices won modest gains approaching the half-way mark Tuesday after Asian equities mostly suffered small losses.

Published 08 Jun, 2021 04:44pm

Markets

European stocks at record highs, weak U.S. payrolls hit tapering bets

The pan-European STOXX 600 index rose 0.4pc to a new closing high of 452.57, having earlier hit an all-time high of 452.71. It added 0.8pc for the week.

Published 04 Jun, 2021 11:37pm

World

New eurozone business loans plunge

FRANKFURT: New lending to euro zone companies plunged in April, indicating that banks are tightening access to ...

Published 01 Jun, 2021 04:59am

World

Italy faces ‘formidable’ post-Covid challenge: central bank

ROME: Italy faces a “formidable” challenge as it tries to fix its long-ailing economy with the help of EU...

Published 01 Jun, 2021 04:59am

Markets

ECB's Visco says ECB will counter any unjustified rise in interest rates

The change would be "clearer and would reinforce the anchoring of medium and long-term inflation expectations," he said.

Published 31 May, 2021 01:53pm

Business & Finance

Dollar strengthens in Europe

LONDON: The dollar strengthened on Friday and was on track for a weekly gain as investors waited for US inflation...

Published 29 May, 2021 03:59am

Markets

Italian bond yields set for first weekly fall since March

Italian 10-year yields set for first weekly fall since March.
Too early to discuss winding down PEPP – Lagarde.
Euro area bonds may be stabilising after sell-off.

Published 21 May, 2021 07:14pm

Markets

ECB will act only if yield rise is unwarranted: de Guindos on CNBC

"If the increase in yields is the consequence of the normalisation of the economy, it's something that is going to part of the broader framework. If there's a recovery going on, if inflation starts to go up and normalise economic activity, then nominal yields will have to go up.

Published 19 May, 2021 06:38pm

Business & Finance

A third of euro zone corporate loans exposed to climate hazards: ECB

The ECB study is part of a broader analysis of the risks that climate change poses to the financial sector, ranging from physical damage to changes in regulation or in consumer preferences.
"This may become increasingly relevant if emissions are not effectively reduced in the long run and if firms and economies fail to adapt to climate change," the ECB said.

Published 17 May, 2021 08:44pm

Markets

Euro zone bond yields back away from multi-month highs for now

Germany's election takes place in September.

Published 17 May, 2021 03:18pm

Business & Finance

ECB to inspect loans to shadow banks after Greensill, Archegos fiascos

The area has come under sharper scrutiny following the demise this year of supply-chain lender Greensill and Archegos, a family office run by former Tiger Asia manager Bill Hwang.
"What concerns me the most is that sometimes banks themselves don't have visibility on the portfolio of these entities," he said in an interview.

Published 06 May, 2021 05:41pm

World

ECB's Lagarde sees 1st COVID jab reaching 70pc of euro zone by June

"By all accounts it seems that (by) the end of June, about 70% of the population should be vaccinated at least with the first jab," Lagarde told an online event.

Published 28 Apr, 2021 07:56pm

World

Italy’s fate, credibility at stake with EU recovery plan: PM

ROME: Italian Prime Minister Mario Draghi on Monday presented his government’s 220-billion-euro ($266-billion)...

Updated 27 Apr, 2021 10:08am

World

ECB's Panetta wants stimulus until inflation hits 2pc

"This evidence suggests that we should avoid withdrawing policy support - either deliberately or by tolerating adverse spillovers - until the output gap is closed and we see inflation sustainably back at 2%," Panetta said in a speech.

Published 26 Apr, 2021 05:56pm

Opinion

Europe’s Covid recovery fund starts to fall into place

Negotiations were difficult and the plan got off to a slow start, but Europe’s huge post-coronavirus recovery fund...

Published 25 Apr, 2021 03:13am

Business & Finance

Euro regains poise in Europe

LONDON: The euro rose on Friday, edging back towards a seven-week high, having nursed losses after European Central...

Published 24 Apr, 2021 03:21am

Markets

Euro regains poise as data points to stronger recovery

The euro gained 0.3% to $1.2055 while the dollar index, measured against a basket of currencies, was down 0.2% .
Real yields in the US remain deeply negative on a 10-year basis and reflect some of this uncertainty that will continue to limit the upside for the US dollar.

Published 23 Apr, 2021 05:32pm

Markets

Yuan off 6-week high, investors await global central bank policy signals

China's official PMI is due for release next Friday.

Published 23 Apr, 2021 11:27am

Markets

Talk of more Biden tax hike proposals rattles Wall Street

All three major US indices dropped 0.9 percent.

Published 23 Apr, 2021 10:29am

World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...

Updated 23 Apr, 2021 10:04am

Business & Finance

Euro rises in Europe

LONDON: The euro edged higher before a European Central Bank meeting later on Thursday, where any positive comments...

Updated 23 Apr, 2021 10:01am

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 7 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 7 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
SME Leasing Ltd / Jul 7 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 7 Kohinoor Power Company Limited(KOHP)	4.36 ▲ 0.59 (15.65%)
S.G.Power / Jul 7 S.G. Power Limited(SGPL)	5.30 ▲ 0.67 (14.47%)
Dewan Sugar / Jul 7 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Unicap Modaraba / Jul 7 Unicap Modaraba(UCAPM)	1.75 ▲ 0.16 (10.06%)
Land Mark Spinning / Jul 7 Landmark Spinning Industries Limited(LMSM)	13.00 ▲ 1.00 (8.33%)
Balochistan Glass / Jul 7 Balochistan Glass Limited(BGL)	9.05 ▲ 0.66 (7.87%)
Mod.Al-Mali / Jul 7 Modaraba Al-Mali(MODAM)	6.90 ▲ 0.50 (7.81%)

Stock	Price
First Fidelity Leas. / Jul 7 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Tri-Star Mutual / Jul 7 Tri-Star Mutual Fund Limited(TSMF)	4.85 ▲ -1.00 (-17.09%)
Zephyr Textile / Jul 7 Zephyr Textiles Limited(ZTL)	10.00 ▲ -0.90 (-8.26%)
AKD Hospitality / Jul 7 AKD Hospitality Limited(AKDHL)	163.77 ▲ -13.27 (-7.50%)
K.S.B.Pumps / Jul 7 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Punjab Oil / Jul 7 Punjab Oil Mills Limited(POML)	172.84 ▲ -14.01 (-7.50%)
TPL Insurance / Jul 7 TPL Insurance Limited(TPLI)	30.60 ▲ -2.47 (-7.47%)
Mehmood Tex / Jul 7 Mehmood Textile Mills Limited(MEHT)	840.00 ▲ -60.00 (-6.67%)
Reliance Weaving / Jul 7 Reliance Weaving Mills Limited(REWM)	63.50 ▲ -4.45 (-6.55%)
Bawany Air Products / Jul 7 Bawany Air Products Limited(BAPL)	8.85 ▲ -0.60 (-6.35%)

Stock	Volume
Agritech Limited / Jul 7 Agritech Limited(AGL)	25,038,000 ▼ 0.00
Unity Foods Ltd / Jul 7 Unity Foods Limited(UNITY)	5,378,891 ▼ 0.00
Azgard Nine / Jul 7 Azgard Nine Limited(ANL)	3,598,000 ▼ 0.00
Lotte Chemical / Jul 7 Lotte Chemical Pakistan Limited(LOTCHEM)	3,183,254 ▼ 0.00
Sui North Gas / Jul 7 Sui Northern Gas Pipelines Limited(SNGP)	2,727,149 ▼ 0.00
WorldCall Telecom / Jul 7 Worldcall Telecom Limited(WTL)	2,601,000 ▼ 0.00
Pak Refinery / Jul 7 Pakistan Refinery Limited(PRL)	2,597,652 ▼ 0.00
Fauji Cement / Jul 7 Fauji Cement Company Limited(FCCL)	2,144,000 ▼ 0.00
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	1,949,194 ▼ 0.00
G3 Technologies / Jul 7 G3 Technologies Limited(GTECH)	1,916,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

European Central Bank

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