Trends - Federal Reserve - Business Recorder

Federal Reserve

Fed to ‘keep pushing’ rates higher until clear inflation is falling

WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that...

Published 18 May, 2022 05:54am

Markets

China’s yuan extends declines to new 19 month low, set for 6th weekly drop

SHANGHAI: China’s yuan eased further, touching a more than 19-month low against the dollar on Friday and breaching a...

Published 13 May, 2022 09:48am

Business & Finance

US Senate set to confirm Powell for second term as central bank chief

WASHINGTON: The US Senate was poised Thursday to confirm Jerome Powell to a second term as head of the Federal...

Published 12 May, 2022 09:14pm

Markets

Euro zone bond yields at multi-week lows as US inflation weakens sentiment

Euro zone bond yields fell sharply on Thursday after US inflation data reinforced investors’ concerns over the...

Published 12 May, 2022 01:20pm

Business & Finance

Dollar moves off lows on heels of inflation data

NEW YORK: The dollar moved sharply off its lows on Wednesday and briefly turned positive on the day after economic...

Published 12 May, 2022 05:40am

Markets

Does the cryptocurrency crash pose a threat to the financial system?

WASHINGTON: On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies...

Updated 11 May, 2022 01:37pm

World

Fed’s Bostic says can do ‘maybe two, maybe three’ half point hikes, then assess

WASHINGTON: The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings...

Published 09 May, 2022 06:22pm

Opinion

Battered bulls hope Fed pain in rearview mirror after Powell maps out hikes

Federal Reserve Chair Jerome Powell gave investors a glimmer of hope that the central bank is unlikely to become ...

Published 06 May, 2022 05:03am

Markets

Gold rises 1pc as less hawkish Fed calms nerves

LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor...

Published 06 May, 2022 05:03am

Business & Finance

Asian currencies firm ahead of Fed decision; firmer oil saps appetite

Most Asian currencies rose in thin trading on Wednesday, amid caution ahead of the outcome of a U.S. central bank...

Published 04 May, 2022 01:43pm

Business & Finance

Fraying central bank consensus spurs dollar and market stress: McGeever

ORLANDO: The highest inflation in decades is unraveling whatever policy consensus there was between the world's ...

Published 04 May, 2022 11:18am

Business & Finance

Fed convenes to launch new salvo against record US inflation

WASHINGTON: The US central bank opened its policy meeting Tuesday, which is expected to produce a big rate hike as...

Updated 04 May, 2022 10:24am

Markets

US stocks open flat as market eyes Fed, Ukraine

NEW YORK: Wall Street stocks were little changed early Tuesday amid elevated volatility as markets awaited a key...

Published 03 May, 2022 08:16pm

Markets

Wall Street inches higher as growth stocks rebound

NEW YORK: US stocks edged higher on Monday as growth stocks rebounded after April’s rout, with investor focus...

Published 03 May, 2022 03:47am

Business & Finance

US yields post steep gains

NEW YORK: US Treasury yields rose sharply on Monday, with those on long-dated debt hitting multi-year highs, as...

Published 03 May, 2022 03:47am

Business & Finance

US yields rise as 10-year on pace for largest monthly gain since ‘09

NEW YORK: Yields of Treasuries rose slightly on Friday following data that showed monthly inflation surged by the...

Published 02 May, 2022 05:46am

Business & Finance

Robust economic growth helps Canadian dollar trim April decline

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday as domestic data showing strong...

Published 01 May, 2022 05:11am

Markets

Dollar scales fresh two-decade peak to yen, BOJ targets yields

TOKYO: The dollar climbed to a fresh two-decade peak to the yen on Wednesday, buoyed by more Federal Reserve...

Published 20 Apr, 2022 10:03am

Markets

Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low

TOKYO: The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday,...

Published 15 Apr, 2022 10:05am

Business & Finance

US dollar climbs to near 20-year peak vs yen as more Fed hikes loom

WASHINGTON: The US dollar soared to a nearly 20-year high against a sluggish yen on Wednesday, as aggressive...

Published 14 Apr, 2022 04:55am

Markets

Tokyo stocks end lower

TOKYO: Tokyo stocks ended lower Tuesday, with investors disheartened by aggressive tightening by the Federal Reserve...

Published 13 Apr, 2022 06:03am

Markets

US stocks retreat ahead of key inflation report

NEW YORK: Major Wall Street indices opened lower on Monday, with tech shares hit particularly hard as investors...

Published 11 Apr, 2022 07:31pm

Markets

Dollar index edges nearer to 100, set for best week in four

HONG KONG: The dollar extended a relentless upward move on Friday, reaching a new near two-year peak against a ...

Published 08 Apr, 2022 10:50am

Markets

JGB yields rise after Fed's hawkish comments

TOKYO: Japanese government bond yields rose on Wednesday as their US peers hit multi-year highs after comments from...

Published 06 Apr, 2022 02:31pm

Markets

LME copper dips as dollar firms; volumes thin on China holiday

London copper fell on Monday as the dollar strengthened and US jobs data boosted expectations of aggressive interest...

Published 04 Apr, 2022 11:15am

Business & Finance

Yields rise, curve inverts after strong jobs report

NEW YORK: US Treasury yields rose on Friday and a closely watched part of the yield curve reinverted as a strong ...

Published 04 Apr, 2022 05:38am

Markets

S&P 500 flat as Tesla offsets losses in banks, energy stocks

NEW YORK: The S&P 500 was trading largely flat on Monday as gains in Tesla were offset by declines in bank and...

Published 29 Mar, 2022 05:49am

Business & Finance

US Treasury yields jump on tighter Fed policy expectations

NEW YORK: US Treasury yields rose on Friday, with the benchmark 10-year note surging to nearly three-year highs, as...

Published 28 Mar, 2022 05:29am

Markets

Wall Street rises as technology, bank shares rally

NEW YORK: The Nasdaq led Wall Street’s main indexes higher on Tuesday as investors bought the dip in technology...

Published 23 Mar, 2022 04:58am

Markets

Wall Street slides after Powell’s hawkish comments

NEW YORK: Wall Street’s main indexes fell on Monday as Federal Reserve Chair Jerome Powell’s comments sparked...

Published 22 Mar, 2022 05:21am

Gainers
Losers
Leaders

Stock	Price
B. F. Mod. / May 19 B.F. Modaraba(BFMOD)	6.00 ▲ 1.00 (20.00%)
Pak Gulf Leasing / May 19 Pak-Gulf Leasing Company Limited(PGLC)	6.00 ▲ 1.00 (20.00%)
Silk Bank Ltd / May 19 Silkbank Limited(SILK)	1.24 ▲ 0.16 (14.81%)
Paramount Mod / May 19 First Paramount Modaraba(FPRM)	8.00 ▲ 1.00 (14.29%)
Service Textile / May 19 Service Industries Textiles Limited(SERT)	10.90 ▲ 0.90 (9.00%)
Ruby Tex. / May 19 Ruby Textile Mills Limited(RUBY)	4.00 ▲ 0.30 (8.11%)
Aisha Steel Mill / May 19 Aisha Steel Mills Limited(ASL)	11.85 ▲ 0.86 (7.83%)
First Imrooz Mod. / May 19 First Imrooz Modaraba(FIMM)	134.38 ▲ 9.37 (7.50%)
Janana D Mal / May 19 Janana De Malucho Textile Mills Limited(JDMT)	55.04 ▲ 3.84 (7.50%)
Sapphire Textile / May 19 Sapphire Textile Mills Limited(SAPT)	1004.55 ▲ 70.05 (7.50%)

Stock	Price
East West Ins. / May 19 East West Insurance Company Limited(EWIC)	77.07 ▲ -12.49 (-13.95%)
Pak. P.V.C. / May 19 Pakistan PVC Limited(PPVC)	4.32 ▲ -0.42 (-8.86%)
Trust Mod. / May 19 Trust Modaraba(TRSM)	1.66 ▲ -0.14 (-7.78%)
Crescent Cotton / May 19 Crescent Cotton Mills Limited(CCM)	46.25 ▲ -3.75 (-7.50%)
Gatron Ind. / May 19 Gatron (Industries) Limited(GATI)	415.10 ▲ -33.65 (-7.50%)
AL-Noor Sugar / May 19 Al-Noor Sugar Mills Limited(ALNRS)	61.86 ▲ -5.01 (-7.49%)
Frontier Ceram / May 19 Frontier Ceramics Limited(FRCL)	29.60 ▲ -2.39 (-7.47%)
S.G.Power / May 19 S.G. Power Limited(SGPL)	4.45 ▲ -0.35 (-7.29%)
Imperial Limited / May 19 Imperial Limited(IML)	13.95 ▲ -1.06 (-7.06%)
Pace (Pak) Ltd. / May 19 Pace (Pakistan) Limited(PACE)	2.99 ▲ -0.22 (-6.85%)

Stock	Volume
Ghani Glo Hol / May 19 Ghani Global Holdings Limited(GGL)	15,051,376 ▼ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,323,000 ▼ 0.00
Silk Bank Ltd / May 19 Silkbank Limited(SILK)	13,067,500 ▼ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	9,576,000 ▼ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	7,490,536 ▼ 0.00
Fauji Cement / May 19 Fauji Cement Company Limited(FCCL)	6,985,000 ▼ 0.00
Unity Foods Ltd / May 19 Unity Foods Limited(UNITY)	6,435,098 ▼ 0.00
Engro Polymer / May 19 Engro Polymer & Chemicals Limited(EPCL)	5,808,622 ▼ 0.00
Pak Int.Bulk / May 19 Pakistan International Bulk Terminal(PIBTL)	5,229,500 ▼ 0.00
Pak Elektron / May 19 Pak Elektron Limited(PAEL)	5,056,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	199.00
USD PKR Interbank Buying / May 19	198.80
USD to Japanese Yen / May 19	128.45
USD to Swiss Franc / May 19	0.99
Pound Sterling to USD / May 19	1.23
Euro to USD / May 19	1.05
UK LIBOR % / May 19	0.82

Stock	Volume
S&P 500 / May 19	3923.68
India Sensex / May 19	54208.53
Tokyo Nikkei / May 19	26205.29
Nasdaq / May 19	11418.16
Hang Seng / May 19	20041.14
FTSE 100 / May 19	7438.09
Dow Jones / May 19	31490.07
Germany DAX 30 / May 19	14007.76
France CAC40 / May 19	6352.94

Item	Value
Crude Oil / May 19	110.10
Karachi Cotton Assoc. / May 19	21180.00
Gold 10 Grams / May 19	113300.00
Gold Spot / May 19	1815.89
Cotton / May 19	128.99

Federal Reserve

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