Trends - eurozone economy - Business Recorder

eurozone economy

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

Markets

European stocks fall again as Covid crisis festers

Bitcoin rose to $56,530 after Tesla boss Elon Musk tweeted that the carmaker now accepts the virtual currency as payment in the United States.

Published 24 Mar, 2021 07:35pm

World

Eurozone economy returns to growth as Germany revs up

The firm's PMI index rose to 52.5 points in March from 48.8 points in February, breaking through the 50-point level which indicates growth.

Published 24 Mar, 2021 04:56pm

Business & Finance

Eurozone economy returns to growth for first time in six months: survey

The firm's PMI index rose to 52.5 points in March from 48.8 points in February, breaking through the 50-point level which indicates growth.

Updated 24 Mar, 2021 02:39pm

Markets

Tech shares rally as ECB speeds bond purchases

About 30 minutes into trading, the Dow Jones Industrial Average was up 0.7 percent at 32,523.41, adding to Wednesday's record close.

Published 11 Mar, 2021 09:06pm

Business & Finance

ECB to accelerate bond buys on rates fears

The Frankfurt institution meanwhile left key interest rates unchanged.

Published 11 Mar, 2021 07:13pm

Opinion

Markets look to ECB for reassurance on cheap money

The European Central Bank is on Thursday expected to stress its commitment to keeping borrowing costs low, as...

Published 09 Mar, 2021 05:45am

Markets

Markets look to ECB for reassurance on cheap money

A series of one-off effects is expected to see consumer prices climb further this year and perhaps even overshoot the target, complicating the ECB's job.

Published 08 Mar, 2021 12:25pm

World

Euro zone in double-dip recession but optimism soared in Feb

The services employment index rose to 50.2 from 49.8.

Published 03 Mar, 2021 02:13pm

Business & Finance

Early 2021 growth could miss ECB forecasts: de Guindos

Perhaps in the first months of this year, growth will be a little bit weaker than projected because of the containment measures taken by the different governments to deal with the third wave of the pandemic.

Published 05 Feb, 2021 07:45pm

Markets

Global markets buoyant as US stimulus debate approaches

MSCI world shares index up 0.4%.
GameStop's Frankfurt-listed shares down 36.5%.
Silver tumbles further from eight-year high.
Biden for negotiations with Republicans on stimulus.
Euro at seven-week lows on economic outlook.

Updated 02 Feb, 2021 07:34pm

Business & Finance

Eurozone economy shrank less than expected in 2020

The Eurostat statistics agency said the eurozone economy shrank by 6.8 percent in 2020, and by 0.7 percent in the fourth quarter.

Published 02 Feb, 2021 04:51pm

Business & Finance

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

FRANKFURT AM MAIN: European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses...

Published 22 Jan, 2021 04:47am

Markets

ECB to hold course as virus clouds outlook

At Thursday's press conference, former French finance minister Lagarde is likely to also be quizzed about the recent strength of the euro against the dollar.

Published 18 Jan, 2021 12:45pm

Business & Finance

Euro zone November industrial production better than expected

The European Union's statistics office, Eurostat, said industrial output in the 19 countries sharing the euro rose 2.5% in November against October for a 0.6% year-on-year decline.
Industry continues to recover from the first wave, despite all of the second-wave problems that the economy is currently facing.

Published 13 Jan, 2021 06:24pm

Markets

Italian BTP yields jump on political uncertainty fears

Italy's 10-year bond yield was up 8.5 basis points at 0.629%, after hitting its highest since Dec. 2.
Some headlines are weighing heavily on Italian government bond prices. Market is worried about any development that could lead to a euro-sceptic policy in Italy.

Published 12 Jan, 2021 08:53pm

Markets

Euro zone bond yields jump as risk-off mood grips markets

The market trend shifted abruptly in Europe as Wall Street opened and expectations of a multi-trillion-dollar stimulus plan lifted US 10-year notes yields to 1.134%.
Germany's 10-year Bond yield reversed earlier falls and rose to -0.491%, its highest in two months.

Published 11 Jan, 2021 09:48pm

Markets

Euro zone bond yields dip, market torn between COVID-19 caution and reflation

The expectation of further fiscal stimulus in the US following the run-off elections result in Georgia, the removal of tail risk with a Brexit deal.
Germany's 10-year Bund yield was down 1 bps at -0.53% , off Friday's five-week highs at -0.51%.

Published 11 Jan, 2021 06:38pm

Business & Finance

Euro zone bond yields fall, ignoring US Treasuries

A recent rise in yields and inflation expectations has boosted the prospects of the US Federal Reserve's new monetary policy.
Germany's benchmark 10-year Bund yield fell 1 basis point to -0.524%.

Published 08 Jan, 2021 09:17pm

Business & Finance

ECB set to boost stimulus to fight second wave of virus: analysts

Nevertheless, ING bank economist, Carsten Brzeski, believed that any new stimulus measures would mark the ECB's "final move" in pandemic support.

Published 10 Dec, 2020 12:01pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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