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eurozone economy

Euro zone yields edge lower as traders digest last week’s tectonic shift

Published 10 Mar, 2025 02:12pm

LONDON: Euro zone bond yields nudged down a fraction in early Monday trading, with the mood far calmer than last...

ECB lowers rates again but hints more cuts in doubt

Published 07 Mar, 2025 05:45am

FRANKFURT: The European Central Bank cut interest rates again Thursday to boost the struggling eurozone but ...

Euro zone yields rise as markets brace for further borrowing and spending

Published 03 Mar, 2025 02:25pm

LONDON: Euro zone longer dated bond yields rose moderately in early trading on Monday, as traders processed the...

Euro scales one-month top after Germany’s conservatives win, dollar slumps

Updated 24 Feb, 2025 01:25pm

SINGAPORE: The euro marched higher on Monday after Germany’s opposition conservatives won the national election as...

Germany election crucial for Eurozone economy

Published 24 Feb, 2025 07:33am

Softer economic data from the US is hindering recovery and negatively impacting consumer sentiment, which relies on...

Trade war would weigh on Europe’s already weak outlook, ECB warns

Published 07 Nov, 2024 06:16am

LONDON: Euro zone growth may be weaker than earlier thought and fresh barriers to global trade could lead to a...

Flatlining eurozone economy narrowly dodges recession

Published 31 Jan, 2024 05:22am

BRUSSELS: The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in ...

Eurozone inflation rises to 2.9% in December

Published 05 Jan, 2024 05:15pm

BRUSSELS: The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs,...

Euro zone economy likely entered recession last year: PMI

Published 03 Jan, 2024 05:32am

LONDON: Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight...

Eurozone financial stability outlook fragile: ECB

Published 22 Nov, 2023 05:25pm

FRANKFURT: The eurozone financial stability outlook remains fragile as tighter financing conditions, high inflation...

Eurozone economic downturn deepens in August

Published 24 Aug, 2023 06:22am

BRUSSELS: The eurozone economy is contracting at its fastest rate in three years as a steep decline in manufacturing...

Eurozone unemployment drops to record-low 6.5% in March

Published 03 May, 2023 02:27pm

BRUSSELS: Unemployment in the eurozone hit a record low of 6.5 percent in March, the EU’s statistics agency said...

Eurozone GDP grows 0.1% in first three months of 2023

Published 28 Apr, 2023 04:51pm

BRUSSELS: The eurozone economy lumbered forward in the first quarter, official data showed Friday, expanding just...

Euro zone yields rise as hopes for a quick end of tightening fade

Published 06 Feb, 2023 02:41pm

Euro zone government bond yields rose and spreads between core and periphery widened on Monday as investors expect...

Eurozone dodges recession but gloomy outlook persists

Published 06 Feb, 2023 06:53am

BRUSSELS: The eurozone economy showed greater resilience than expected after avoiding a recession in the fourth...

Asian markets mixed as US jobs offset by recession fears

Published 05 Sep, 2022 10:13am

HONG KONG: Asian markets were mixed Monday as the positive vibes from a US jobs report were offset by growing fears...

Ukraine crisis to dominate EU leaders’ Versailles summit

Published 10 Mar, 2022 11:02am

VERSAILLES: EU leaders will scramble Thursday to find ways to urgently address the fallout of Russia’s invasion of...

Eurozone economy rebounded in 2021 after Covid crash

Published 01 Feb, 2022 04:07am

BRUSSELS: The eurozone economy posted robust growth last year, official data showed Monday, but fallout from the...

Eurozone economy rebounded in 2021 after Covid crash

Published 31 Jan, 2022 05:23pm

BRUSSELS: The eurozone economy posted robust growth last year, official data showed Monday, but fallout from the...

Euro holds minor daily gains after ECB trims emergency support

Published 10 Sep, 2021 04:41am

NEW YORK: The euro held onto small daily gains on Thursday after the European Central Bank said it will trim...

ECB decisions to reflect better growth: de Guindos

Published 01 Sep, 2021 11:33am

As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic's Delta variant

Inflation is now seen averaging 1.9% this year, above the 1.5% projected in March, while in 2022 it is seen at 1.5%, against an earlier projection for 1.2%.

Despite uncertainties, OPEC sticks to forecast of oil demand surge in second half

Published 10 Jun, 2021 06:28pm

Keeps 2021 oil demand growth forecast at 5.95 mln bpd.
But OECD demand not expected to fully recover from 2020 collapse.
OPEC May output rises by 390,000 bpd as Saudi, Iran pump more.
Says OPEC+ has substantially led the way towards rebalancing.

Euro zone business growth hits three-year high but ECB cautious

Published 21 May, 2021 08:31pm

As the economy rebounds and confidence improves, some policymakers are making the case for the ECB to start giving up its emergency measures and revert to more traditional forms of stimulus.
"We are committed to preserving favourable financing conditions. It's far too early and it's actually unnecessary to debate longer-term issues," Lagarde said on Friday.

Eurozone bond yields rise after strong US CPI data

Published 12 May, 2021 07:47pm

US consumer prices increased in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation.
The consumer price index jumped 0.8%; excluding the volatile food and energy components, the CPI soared 0.9%.

Euro zone to rebound more strongly, borrowing curbs to stay on hold

Published 12 May, 2021 05:13pm

The aggregate growth of the 19 countries sharing the euro currency is likely to be 4.3% this year and 4.4% in 2022, the European Union's executive arm said, revising upwards its forecast from February of 3.8% growth in both years.
The forecast brings the Commission closer to the International Monetary Fund, which last month said it expected 4.4% growth in the euro zone this year.

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

Published 06 May, 2021 05:41pm

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.

Eurozone enters double-dip recession

Published 01 May, 2021 03:28am

BRUSSELS: The eurozone economy fell into a second recession in less than a year in the first quarter, data showed on...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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