Trends - Fed Chair Jerome Powell

Fed Chair Jerome Powell

Dollar drops after Fed’s Powell hints at June pause

NEW YORK: The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance,...

Published 22 May, 2023 06:23am

Markets

Treasury bills squeezed as debt ceiling deadline looms

SINGAPORE: Short-dated Treasury bills were under pressure on Tuesday and the cost of insuring against a US default...

Published 02 May, 2023 10:31am

Markets

Fed delivers small rate hike, says 'some additional' tightening possible

Raises interest rates by a quarter of a percentage point

Published 22 Mar, 2023 11:13pm

Markets

US Fed to balance banking woes, inflation in next rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington next week: tackling persistent...

Updated 19 Mar, 2023 12:19pm

Markets

Wall Street Week Ahead: Inflation data awaited by markets hit by worries about Fed, banks

NEW YORK: A critical inflation report next week will test a US stock market already consumed by worries over Federal...

Published 13 Mar, 2023 06:15am

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

World

Slower, but still solid US job growth expected in February

WASHINGTON: US job growth likely slowed to a still-solid pace in February, with the unemployment rate expected to...

Published 10 Mar, 2023 12:43pm

Markets

Wall St gains as rate hike jitters ease ahead of payrolls report

NEW YORK: Wall Street’s main indexes rose on Thursday after a jump in weekly jobless claims soothed worries about...

Published 10 Mar, 2023 03:46am

Markets

S&P 500 inches higher with focus on jobs data

NEW YORK: The S&P 500 edged up on Wednesday after Federal Reserve Chair Jerome Powell did not commit to a 50...

Published 09 Mar, 2023 06:23am

Markets

China stocks drop on hawkish Fed stance

HONG KONG: Hong Kong stocks slumped, while China shares fell slightly on Wednesday after US Federal Reserve Chair...

Published 09 Mar, 2023 06:23am

Markets

European shares rise on upbeat cues from Powell

PARIS: European shares rose on Wednesday, lifted by positive cues from US Federal Reserve Chair Jerome Powell’s...

Published 09 Feb, 2023 06:02am

Business & Finance

US dollar skids from 1-month peak after Powell’s speech

NEW YORK: The dollar fell from one-month highs on Tuesday after US Federal Reserve Chair Jerome Powell doubled down...

Published 08 Feb, 2023 06:10am

Markets

New Zealand dollar slips on signs of cracks in labour market

SYDNEY: The New Zealand dollar slipped on Wednesday after data showed signs of loosening in the tight labour market,...

Published 01 Feb, 2023 09:25am

Business & Finance

Dollar steady as central banks take central stage

NEW YORK: The dollar was little changed on Monday, a day before the Federal Reserve was due to begin a two-day ...

Published 31 Jan, 2023 07:03am

Markets

Nasdaq falls as megacaps drop ahead of earnings

NEW YORK: The tech-focused Nasdaq fell more than 1% on Monday as megacap growth stocks including Apple, Amazon and...

Published 31 Jan, 2023 06:55am

Markets

US Fed’s preferred inflation gauge eases in November

WASHINGTON: A key indicator of US inflation edged down from a year ago in November, according to government data...

Published 23 Dec, 2022 07:53pm

Markets

Gold rangebound as traders await economic data

Gold edged up on Thursday, helped by a softer dollar in holiday-thinned trading, but prices moved in a tight range...

Published 22 Dec, 2022 09:46am

Business & Finance

Global 2023 earnings growth: Recession, rate hikes seen jamming brakes

NEW YORK/LONDON: Corporate earnings growth is expected to slow in the year ahead in many countries as higher...

Published 21 Dec, 2022 06:05am

Markets

Wall Street falls as recession worries persist

NEW YORK: US stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared...

Published 20 Dec, 2022 06:48am

Fed raises rates by half percentage point, sees economy nearing stall

WASHINGTON: The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least...

Published 15 Dec, 2022 06:00am

Markets

Fed lifts rates by half percentage point, sees economy nearing stall speed

The Fed's policy rate, which began the year at the near-zero level, is now in a target range of 4.25% to 4.50%, the highest since late 2007

Published 15 Dec, 2022 12:22am

Markets

US Fed expected to slow pace of rate hikes as inflation eases

WASHINGTON: US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of...

Published 14 Dec, 2022 10:45am

Business & Finance

US inflation will be much lower by end of 2023: Yellen

US Treasury Secretary Janet Yellen on Sunday forecast a substantial reduction in US inflation in 2023, barring an...

Published 12 Dec, 2022 10:25am

Markets

US Fed poised for smaller rate hike with eye on wage growth

Decision will be announced after a two-day meeting of the policy-setting Federal Open Market Committee (FOMC) starting Tuesday

Updated 11 Dec, 2022 06:27pm

Business & Finance

Global central banks increase pace of rate hike in November

LONDON: The pace and scale of rate hikes delivered by central banks in November picked up speed again as policy...

Updated 05 Dec, 2022 06:45am

Markets

Dollar holds firm as China’s COVID-related worries weigh

The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened...

Published 29 Nov, 2022 09:31am

Business & Finance

Fed delivers big rate hike

WASHINGTON: The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it...

Updated 03 Nov, 2022 09:41am

Markets

Fed poised for further US rate hike as political pressure mounts

WASHINGTON: US central bankers are expected to announce another steep interest rate hike Wednesday as they try to...

Published 02 Nov, 2022 03:27pm

Markets

Asian shares rise, dollar dips ahead of Fed policy decision

SYDNEY: Asian shares climbed on Wednesday, led by Chinese stocks on reopening hopes, while the dollar sagged as...

Published 02 Nov, 2022 11:25am

Fed set for further steep rate hike as recession fears loom

WASHINGTON: The US Federal Reserve is pegged to make a fourth straight steep hike in the key interest rate this week...

Updated 31 Oct, 2022 10:27am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▼ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▼ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▼ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▲ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▲ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▲ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▲ 0.00 (0.00%)

Stock	Volume
Oil & Gas Dev. / Oct 1 Oil & Gas Development Company Limited(OGDC)	10,868,813 ▲ 0.00
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	9,629,472 ▲ 0.00
Agritech Limited / Oct 1 Agritech Limited(AGL)	9,567,000 ▲ 0.00
Fauji Foods Ltd / Oct 1 Fauji Foods Limited(FFL)	6,502,449 ▲ 0.00
P.I.A.C.(A) / Oct 1 Pakistan International Airlines Corp(PIAA)	6,306,500 ▲ 0.00
Pak Petroleum / Oct 1 Pakistan Petroleum Limited(PPL)	5,897,086 ▲ 0.00
TPL Properties / Oct 1 TPL Properties Limited(TPLP)	5,187,915 ▲ 0.00
Image Pakistan / Oct 1 Image Pakistan Limited(IMAGE)	4,549,000 ▲ 0.00
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	4,331,521 ▲ 0.00
Citi Pharma Ltd / Oct 1 Citi Pharma Ltd.(CPHL)	4,238,438 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	287.90
USD PKR Interbank Buying / Sep 28	287.70
USD to Japanese Yen / Sep 29	149.32
USD to Swiss Franc / Sep 29	0.91
Pound Sterling to USD / Sep 29	1.22
Euro to USD / Sep 29	1.06
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Sep 28	4299.70
Nasdaq / Sep 28	13201.28
Dow Jones / Sep 28	33666.34
India Sensex / Sep 29	65686.70
Tokyo Nikkei / Sep 29	31764.51
Hang Seng / Sep 29	17832.11
FTSE 100 / Sep 29	7644.96
Germany DAX 30 / Sep 29	15403.20
France CAC40 / Sep 29	7167.41

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 28	17935
Gold 10 Grams PKR / Sep 28	176357.60
Crude Oil USD/Barrel / Sep 29	91.68
Gold Spot USD/Ounce / Sep 29	1864.84
Cotton US¢/pound / Sep 29	88.99

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Fed Chair Jerome Powell

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