BAFL 45.26 Increased By ▲ 0.21 (0.47%)
BIPL 20.08 Decreased By ▼ -0.43 (-2.1%)
BOP 5.42 Decreased By ▼ -0.22 (-3.9%)
CNERGY 4.54 Decreased By ▼ -0.01 (-0.22%)
DFML 15.65 Decreased By ▼ -0.05 (-0.32%)
DGKC 73.20 Increased By ▲ 1.99 (2.79%)
FABL 27.33 Decreased By ▼ -0.07 (-0.26%)
FCCL 17.54 Increased By ▲ 0.39 (2.27%)
FFL 9.05 Increased By ▲ 0.50 (5.85%)
GGL 12.60 Decreased By ▼ -0.07 (-0.55%)
HBL 111.67 Decreased By ▼ -1.03 (-0.91%)
HUBC 122.28 Increased By ▲ 3.17 (2.66%)
HUMNL 7.24 Decreased By ▼ -0.36 (-4.74%)
KEL 3.26 Decreased By ▼ -0.01 (-0.31%)
LOTCHEM 27.70 Decreased By ▼ -0.15 (-0.54%)
MLCF 39.55 Increased By ▲ 0.47 (1.2%)
OGDC 108.80 Increased By ▲ 0.49 (0.45%)
PAEL 17.74 Decreased By ▼ -0.01 (-0.06%)
PIBTL 5.40 Decreased By ▼ -0.16 (-2.88%)
PIOC 107.40 Increased By ▲ 1.40 (1.32%)
PPL 91.77 Decreased By ▼ -0.73 (-0.79%)
PRL 24.95 Decreased By ▼ -0.39 (-1.54%)
SILK 1.06 Decreased By ▼ -0.01 (-0.93%)
SNGP 63.04 Decreased By ▼ -0.68 (-1.07%)
SSGC 11.89 Decreased By ▼ -0.11 (-0.92%)
TELE 8.15 Decreased By ▼ -0.31 (-3.66%)
TPLP 13.16 Decreased By ▼ -0.18 (-1.35%)
TRG 81.38 Decreased By ▼ -4.02 (-4.71%)
UNITY 25.85 Decreased By ▼ -0.11 (-0.42%)
WTL 1.51 Decreased By ▼ -0.03 (-1.95%)
BR100 6,181 Decreased By -4.8 (-0.08%)
BR30 21,539 Increased By 79.8 (0.37%)
KSE100 60,531 Increased By 29.3 (0.05%)
KSE30 20,188 Increased By 13 (0.06%)
Brecorder Logo
Dec 01, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

eurozone economy

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

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

  • 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.
Published 21 May, 2021 08:31pm
Eurozone bond yields rise after strong US CPI data
Markets

Eurozone bond yields rise after strong US CPI data

  • 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%.
Published 12 May, 2021 07:47pm
Euro zone to rebound more strongly, borrowing curbs to stay on hold
World

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

  • 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.
Published 12 May, 2021 05:13pm
Euro zone bond yields edge lower after ECB meeting
Markets

Euro zone bond yields edge lower after ECB meeting

  • IHS Markit's flash Composite PMI Index, seen as a good guide to economic health, rose to 53.7 from March's 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
  • Germany's 10-year government bond yield, the benchmark of the euro area, fell 1 basis point at -0.27%.
Published 23 Apr, 2021 05:13pm
ECB must remain euro zone's stabiliser
Business & Finance

ECB must remain euro zone's stabiliser

  • There is a clear risk of self-fulfilling adverse dynamics taking hold, through which uncertain economic prospects induce households, firms and governments to hold back on expenditure plans, leading to a decline in overall demand that validates the loss in confidence about the future.
  • Hoping to prop up the economy until it is ready to reopen, the ECB has pushed borrowing costs to record lows through copious asset purchases and loans to banks at rates as low as minus 1%.
Published 27 Mar, 2021 06:27pm
German 10-year bond yields hit 5-week low, strong PMI stems fall
Markets

German 10-year bond yields hit 5-week low, strong PMI stems fall

  • Still, IHS Markit's flash composite PMI, a closely-tracked economic indicator, bounced above the 50 mark separating growth from contraction to 52.5 in March compared to February's 48.8, its highest since late 2018.
  • Signs of a pick-up in the pace of the European Central Bank's bond purchases have also supported bond markets.
Published 24 Mar, 2021 09:22pm