Trends - Federal Reserve - Business Recorder

Federal Reserve

Asian equities advance but inflation, correction worries persist

While trading floor scenes of worry about the prospect of rising borrowing costs, Fed officials continue to try to soothe concerns.

Published 03 Mar, 2021 11:15am

Business & Finance

Early trade in New York: Dollar gains against major currencies

NEW YORK: The US dollar rose against most major currencies on Friday as US government bond yields held near one-year...

Published 27 Feb, 2021 04:29am

Business & Finance

Bond selloff boosts dollar in Europe

LONDON: The US dollar rose against most major currencies on Friday, lifted by an increase in US bond yields...

Published 27 Feb, 2021 04:29am

Markets

Wall Street set to open higher as tech sell-off cools

Growth stocks find respite after six-day sell off.
Tesla up as Ark Invest buys $171 mln more shares.
Lowe's rises on beating estimates for Q4 same-store sales.
Futures up: Dow 0.06%, S&P 0.23%, Nasdaq 0.35%.

Published 24 Feb, 2021 08:04pm

Markets

Dollar bounces off six-week low as traders prepare for Powell

Dollar briefly hits lowest since Jan. 13.
Aussie, Kiwi hold near multi-year highs.
Bitcoin takes another dive after record price.

Published 23 Feb, 2021 07:59pm

Opinion

Fed’s Powell set table for Biden economy, but will he stay for dessert?

Over the past year Federal Reserve Chair Jerome Powell has engineered the largest economic rescue in US history,...

Published 23 Feb, 2021 05:20am

Markets

US money markets bringing forward Fed rate hike bets to end-2022

Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.

Published 22 Feb, 2021 05:53pm

World

Brainard: Fed wants maximum employment, growth that is sustainable

"We will be very focused on trying to understand how climate related risks but also the potential transition pathways might effect our economic growth over the medium to long term," Brainard said.
The focus on investments in a sustainable economy that are pro-growth, that are pro-jobs, those are the kinds of priorities that square very well with our overall framework.

Published 18 Feb, 2021 08:06pm

Markets

Most Asian markets down on profit-taking but optimism remains

"There's a great deal of optimism in the air and that's one of the biggest reasons we've seen this rise in interest rates in the US and globally," Tom di Galoma, at Seaport Global Holdings, said.

Published 17 Feb, 2021 10:26am

World

US weekly jobless claims edge down as labor market recovery stalls

Claims remain above their 665,000 peak during the 2007-2009 Great Recession.
The government reported last Friday that the economy created only 49,000 jobs in January after losing 227,000 in December.

Published 11 Feb, 2021 08:29pm

Markets

Wednesday’s early trade: Rally runs out of steam ahead of Powell talk

NEW YORK: Wall Street’s main indexes slipped from record levels on Wednesday as investors digested recent gains...

Published 11 Feb, 2021 04:34am

Markets

Wall Street opens at record levels ahead of Powell talk

The Dow Jones Industrial Average rose 52.2 points, or 0.17%, at the open to 31428.02.
The S&P 500 rose 9.6 points, or 0.24%, at the open to 3920.78?,

Published 10 Feb, 2021 09:20pm

Markets

Futures hit record highs ahead of inflation data, Fed chair speech

President Joe Biden on Tuesday agreed to a proposal by Democratic lawmakers to limit or phase out stimulus payments to higher-income individuals as part of his administration's $1.9 trillion coronavirus relief bill.
Wall Street's main indexes have scaled a series of all-time peaks recently, with investors moving into sectors such as energy.

Published 10 Feb, 2021 06:24pm

Business & Finance

Brazil's Itau waits for Fed approval to spin off stake in digital broker XP

The bank said it will create a new company to hold the XP stake once it receives the approval.
Itausa SA, the holding company that controls Itau, said it has reached an agreement with XP regarding the divestiture.

Published 01 Feb, 2021 06:24pm

Markets

US stocks slump to worst day in three months

NEW YORK: US stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses...

Published 29 Jan, 2021 04:55am

Markets

Asian markets a sea of red as virus woes add to correction fears

The move has put a brake on a massive spending spree in Hong Kong by mainland traders looking to take advantage of relatively cheap shares in the city.

Published 28 Jan, 2021 09:47am

Markets

S&P, Nasdaq slip from record levels

NEW YORK: The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of...

Published 28 Jan, 2021 04:40am

Business & Finance

Euro falls in Europe

LONDON: The euro fell on Wednesday, under pressure after a European Central Bank official said the bank was...

Published 28 Jan, 2021 04:40am

Business & Finance

US core capital goods orders underpinning business investment

WASHINGTON: New orders for key US-made capital goods increased for an eighth straight month in December, pointing to...

Updated 28 Jan, 2021 09:29am

Business & Finance

Fed holds policy steady

WASHINGTON: The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to ...

Updated 28 Jan, 2021 09:28am

Markets

Little change expected as Fed ends first meeting of Biden era

And it will be up to Janet Yellen, Powell's predecessor as Fed chief who is now Biden's Treasury secretary, to take up the lead in pushing that stimulus package through Congress.

Published 27 Jan, 2021 10:59am

Markets

Hong Kong stocks up at lunch

The Hang Seng Index added 0.21 percent, or 62.76 points, to 29,454.02.

Published 27 Jan, 2021 09:33am

World

Yellen first female to lead Federal Reserve

WASHINGTON: The US Senate on Monday voted by a wide margin to confirm Janet Yellen as the first woman to lead the...

Updated 27 Jan, 2021 09:49am

World

US consumers expect spending to rebound strongly in one year, NY Fed survey finds

The report showed that consumers are slowly spending more as the economy reopens and more people gradually return to work.
Consumers from all education and income groups were much more optimistic about how much they would be able to spend in a year.

Published 25 Jan, 2021 09:11pm

Yellen wins unanimous Senate panel vote for Treasury despite concerns

WASHINGTON: The US Senate Finance Committee on Friday unanimously approved Janet Yellen's nomination as the first...

Published 23 Jan, 2021 03:56am

Markets

Most markets rise with Biden stimulus proposals in focus

"Investors are willing to look past the political big uglies (in Washington) to sunny days ahead," said Axi strategist Stephen Innes.

Published 14 Jan, 2021 05:56pm

Markets

Dollar bears grow cautious as U.S. yields rise

Still, the prospect that rising yields will continue burnishing the dollar's attractiveness has given pause to some investors betting on more declines in the greenback.

Published 13 Jan, 2021 11:38pm

Markets

Yields slip as investors await 30-year auction

Investors awaiting an auction of 30-year government debt shrugged off a report showing an increase in US consumer prices in December amid rising gasoline costs.
In the 12 months through December the CPI advanced 1.4% after increasing 1.2% in November.

Published 13 Jan, 2021 09:10pm

Markets

Yields highest since March before 10-year auction

Investors are watching to see if the recent rise in yields will lure buyers to today's $38 billion sale of 10-year notes.
The Georgia Senate run-off elections really changed the landscape for the outlook pretty significantly as there is now potentially very significant additional stimulus.

Published 12 Jan, 2021 08:28pm

Business & Finance

Fed's Mester says policy will stay accommodative for 'quite some time'

Fed policymakers remain "fully committed to using our policy tools to achieve our goals, in support of a broad-based and sustainable recovery," Mester said.

Published 05 Jan, 2021 10:54am

Gainers
Losers
Leaders

Stock	Price
Sally Tex. / Mar 4 Sally Textile Mills Limited(SLYT)	4.50 ▲ 0.46 (11.39%)
Tri-Star Power / Mar 4 Tri-Star Power Limited(TSPL)	5.95 ▲ 0.55 (10.19%)
Tri-Star Poly / Mar 4 Tri-Star Polyester Limited(TRPOL)	11.46 ▲ 1.00 (9.56%)
Olympia Mills / Mar 4 Olympia Mills Limited(OML)	12.10 ▲ 1.00 (9.01%)
Pak. P.V.C. / Mar 4 Pakistan PVC Limited(PPVC)	4.29 ▲ 0.35 (8.88%)
First Equity Mod. / Mar 4 First Equity Modaraba(FEM)	4.00 ▲ 0.30 (8.11%)
Arpak Int. / Mar 4 Arpak International Investments Ltd.(ARPAK)	86.00 ▲ 6.00 (7.50%)
Aisha Steel(ConPS) / Mar 4 Aisha Steel(ConPS)(ASLPS)	32.25 ▲ 2.25 (7.50%)
Crescent Cotton / Mar 4 Crescent Cotton Mills Limited(CCM)	43.00 ▲ 3.00 (7.50%)
Fazal Cloth / Mar 4 Fazal Cloth Mills Limited(FZCM)	243.48 ▲ 16.98 (7.50%)

Stock	Price
Popular Islamic Mod. / Mar 4 Popular Islamic Modaraba(PIM)	6.14 ▲ -0.95 (-13.40%)
SME Leasing Ltd. / Mar 4 SME Leasing Limited(SLL)	3.10 ▲ -0.38 (-10.92%)
Premier Ins. / Mar 4 Premier Insurance Limited(PINL)	4.50 ▲ -0.50 (-10.00%)
Universal Ins. / Mar 4 The Universal Insurance Company Limited(UVIC)	4.51 ▲ -0.49 (-9.80%)
J.A.Textile / Mar 4 J.A. Textile Mills Limited(JATM)	10.42 ▲ -1.00 (-8.76%)
Dandot Cement / Mar 4 Dandot Cement Company Limited(DNCC)	11.01 ▲ -0.98 (-8.17%)
Bankislami Pak / Mar 4 BankIslami Pakistan Limited(BIPL)	11.20 ▲ -0.94 (-7.74%)
HBL Inv.Fund / Mar 4 HBL Investment Fund(HIFA)	3.15 ▲ -0.25 (-7.35%)
Metro Steel / Mar 4 Metropolitan Steel Corporation Limited(MSCL)	16.35 ▲ -1.04 (-5.98%)
The Organic Meat Co. / Mar 4 The Organic Meat Company Limited(TOMCL)	32.40 ▲ -1.93 (-5.62%)

Stock	Volume
Azgard Nine / Mar 4 Azgard Nine Limited(ANL)	32,016,500 ▼ 0.00
TRG Pak. / Mar 4 TRG Pakistan Limited(TRG)	27,696,809 ▼ 0.00
Byco Petr. / Mar 4 Byco Petroleum Pakistan Limited(BYCO)	27,474,000 ▼ 0.00
Pakistan Refinery / Mar 4 Pakistan Refinery Limited(PRL)	24,862,000 ▼ 0.00
Aisha Steel / Mar 4 Aisha Steel Mills Limited(ASL)	19,347,500 ▼ 0.00
Unity Foods / Mar 4 Unity Foods Limited(UNITY)	18,005,092 ▼ 0.00
Ghani Global Hold. / Mar 4 Ghani Global Holdings Limited(GGL)	12,595,000 ▼ 0.00
Sui Northern / Mar 4 Sui Northern Gas Pipelines Limited(SNGP)	10,130,407 ▼ 0.00
Agha Steel / Mar 4 Agha Steel Industries Limited(AGHA)	9,333,000 ▼ 0.00
K-Electric Ltd / Mar 4 K-Electric Limited(KEL)	8,805,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 3	157.65
USD PKR Interbank Buying / Mar 3	157.55
USD to Japanese Yen / Mar 3	106.75
USD to Swiss Franc / Mar 3	0.92
Pound Sterling to USD / Mar 3	1.40
Euro to USD / Mar 3	1.21
UK LIBOR % / Mar 3	0.08

Stock	Volume
S&P 500 / Mar 3	3870.29
India Sensex / Mar 3	50296.89
Tokyo Nikkei / Mar 3	29408.17
Nasdaq / Mar 3	13358.79
Hang Seng / Mar 3	29095.86
FTSE 100 / Mar 3	6613.75
Dow Jones / Mar 3	31391.52
Germany DAX 30 / Mar 3	14039.80
France CAC40 / Mar 3	5809.73

Item	Value
Crude Oil / Mar 3	59.40
Karachi Cotton Assoc. / Mar 3	11900.00
Gold 10 Grams / Mar 3	94564.00
Gold Spot / Mar 3	1734.60
Cotton / Mar 3	90.99

Federal Reserve

Asian equities advance but inflation, correction worries persist

Early trade in New York: Dollar gains against major currencies

Bond selloff boosts dollar in Europe

Wall Street set to open higher as tech sell-off cools

Dollar bounces off six-week low as traders prepare for Powell

Fed’s Powell set table for Biden economy, but will he stay for dessert?

US money markets bringing forward Fed rate hike bets to end-2022

Brainard: Fed wants maximum employment, growth that is sustainable

Most Asian markets down on profit-taking but optimism remains

US weekly jobless claims edge down as labor market recovery stalls

Wednesday’s early trade: Rally runs out of steam ahead of Powell talk

Wall Street opens at record levels ahead of Powell talk

Futures hit record highs ahead of inflation data, Fed chair speech

Brazil's Itau waits for Fed approval to spin off stake in digital broker XP

US stocks slump to worst day in three months

Asian markets a sea of red as virus woes add to correction fears

S&P, Nasdaq slip from record levels

Euro falls in Europe

US core capital goods orders underpinning business investment

Fed holds policy steady

Little change expected as Fed ends first meeting of Biden era

Hong Kong stocks up at lunch

Yellen first female to lead Federal Reserve

US consumers expect spending to rebound strongly in one year, NY Fed survey finds

Yellen wins unanimous Senate panel vote for Treasury despite concerns

Most markets rise with Biden stimulus proposals in focus

Dollar bears grow cautious as U.S. yields rise

Yields slip as investors await 30-year auction

Yields highest since March before 10-year auction

Fed's Mester says policy will stay accommodative for 'quite some time'

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