Trends - Federal Reserve - Business Recorder

Federal Reserve

Early trade in New York: Dollar struggles to hold gains

NEW YORK: The US dollar was volatile on Wednesday morning after inflation data showed a surge in consumer prices in...

Published 13 May, 2021 03:10am

Markets

Gold prices down in Asia

SINGAPORE: Gold prices inched lower in Asian trade on Tuesday as a rebound in dollar dented the metal’s appeal,...

Published 12 May, 2021 04:23am

Markets

Yuan set for longest weekly winning streak since Sept

Export growth unexpectedly picked up in April, data showed on Friday, as the world's second-largest economy extended its recovery from the COVID-19 pandemic.

Published 07 May, 2021 11:24am

Markets

US MIDDAY: Gold races past $1,800 mark

NEW YORK: Gold jumped over 1% on Thursday with a weaker dollar and easing Treasury yields propelling it over the key...

Published 07 May, 2021 04:35am

Markets

Gold gains in Europe

AMSTERDAM/LONDON: Gold rose for a second straight session on Thursday after the dollar retreated, as investors...

Published 07 May, 2021 04:35am

Markets

US money market funds see biggest weekly inflow in a year

NEW YORK: US money market funds lured the biggest inflow in a year, in the week ended April 28, on caution ahead of ...

Published 03 May, 2021 04:39am

Markets

C$ gains for 5th straight day, boosted by higher oil prices

In contrast, the Federal Reserve on Wednesday said it was too early to consider rolling back emergency support for the economy, pressuring the US dollar.

Published 30 Apr, 2021 11:44am

Opinion

Fed tames taper talk, but investors look for clues in coming months

Investors have received some reassurance that the Federal Reserve will not imminently reduce its support of the US...

Published 30 Apr, 2021 05:06am

Markets

Canadian dollar posts 3-year high as Fed stays a step behind BoC

Oil, one of Canada's major exports, settled 1.5% higher at $63.86 a barrel after US distillate inventories posted a large drawdown and refiners ramped up activity to the highest in over a year.

Published 29 Apr, 2021 11:35am

Markets

Hong Kong stocks open with strong gains

The Hang Seng Index jumped 0.68 percent, or 196.87 points, to 29,268.21.

Published 29 Apr, 2021 10:41am

Markets

Asian markets lifted by upbeat Fed, strong results

Americans earning less than $400,000 a year, however, would face no extra taxes, he said.

Published 29 Apr, 2021 10:29am

Markets

Hong Kong stocks enjoy gains in morning session

The Hang Seng Index gained 0.62 percent, or 180.06 points, to 29,251.40.

Published 29 Apr, 2021 10:20am

Markets

Wednesday’s early afternoon trade: Dow, Nasdaq weighed down by Microsoft, Amgen

NEW YORK: The Dow and Nasdaq indexes fell on Wednesday as Amgen and Microsoft weighed, while investors focused on a...

Published 29 Apr, 2021 03:52am

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Markets

Alphabet pushes S&P 500 to record high, props up Nasdaq

Alphabet jumps on record profit, plans $50 billion buyback.
Communication services leads gains among S&P 500 sectors.
Boeing falls on wider-than-expected quarterly loss.
Microsoft shares down on valuation.
Indexes: Dow down 0.44%, S&P up 0.19%, Nasdaq up 0.13%.

Published 28 Apr, 2021 09:08pm

Markets

Markets mostly up before Fed, Biden

The Dow Jones was off 0.3 percent in early trading despite a strong rise for Google parent Alphabet, which added 5.7 percent on surging ad sales.

Published 28 Apr, 2021 07:35pm

Markets

Fed set to reaffirm recovery mission, face down inflation fears

Powell has frequently noted that it took a decade after the 2008 global financial crisis for the US economy to return to full employment, while inflation consistently fell short of its target.

Published 28 Apr, 2021 11:25am

Markets

Hong Kong stocks up at break

The Hang Seng Index added 0.13 percent, or 36.95 points, to 28,978.49.

Published 28 Apr, 2021 10:27am

Markets

S&P 500, Nasdaq at record highs

NEW YORK: The S&P 500 and Nasdaq closed at record highs on Monday, fuelled by Tesla Inc and other heavyweight...

Published 28 Apr, 2021 03:18am

Markets

Dollar near multi-week lows before Fed, yen unmoved after BOJ

The offshore Chinese yuan retreated 0.1% after rising to a seven-week top of 6.4710 per dollar on Monday.

Published 27 Apr, 2021 12:10pm

Markets

Hong Kong stocks finish morning with losses

The Hang Seng Index eased 0.15 percent, or 42.33 points, to 28,910.50.

Published 27 Apr, 2021 10:19am

Markets

Palladium scales record peak, gold steadies in NY

NEW YORK: Deficit-stricken palladium scaled a record peak on Monday, while gold held steady as investors awaited...

Published 27 Apr, 2021 03:02am

Markets

Wall Street edges higher on Tesla boost ahead of big tech earnings

Tesla to report Q1 earnings after markets close.
Financials lead gains among S&P 500 sectors.
Indexes up: Dow 0.18%, S&P 0.18%, Nasdaq 0.17%.

Published 26 Apr, 2021 08:32pm

Markets

Stocks trade mixed before Fed meeting, earnings

The dollar largely struggled before the Fed's rate decision Wednesday.

Published 26 Apr, 2021 06:40pm

Markets

Yields higher as traders look to Wednesday auction

The benchmark 10-year yield was up 4.1 basis points at 1.6135%, continuing its increase from multiweek lows reached April 15.
Investors were watching to gauge the market's appetite for $24 billion of 20-year bonds scheduled to be auctioned on Wednesday, said Justin Lederer, Cantor Fitzgerald Treasury analyst.

Published 19 Apr, 2021 08:16pm

Business & Finance

Dollar index falls in Europe

LONDON: The dollar was set to post a second week of losses on Friday amid an extended retreat in Treasury yields, as...

Published 17 Apr, 2021 03:28am

Markets

US MIDDAY: Gold climbs

NEW YORK: Gold scaled a more than one-month peak on Thursday as US Treasury yields slipped despite...

Published 16 Apr, 2021 03:40am

Business & Finance

US industry in March struggles to rebound from storm: Fed

Manufacturing output rose of 2.7 percent, and mining posted growth of 5.7 percent, the report said.

Published 15 Apr, 2021 07:21pm

Business & Finance

Bank of America profit more than doubles on reserve release boost

The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.

Published 15 Apr, 2021 04:13pm

Markets

Oil surges as US stocks waffle on valuation fears

However, Coinbase shares finished at $328.28, well below the session peak of $429.54.

Published 15 Apr, 2021 10:26am

Gainers
Losers
Leaders

Stock	Price
Agritech Limited / Jun 30 Agritech Limited(AGL)	6.65 ▲ 1.00 (17.70%)
Kohinoor Power / Jun 30 Kohinoor Power Company Limited(KOHP)	4.05 ▲ 0.57 (16.38%)
Unicap Modaraba / Jun 30 Unicap Modaraba(UCAPM)	1.90 ▲ 0.24 (14.46%)
First Tri-Star Mod. / Jun 30 First Tri-Star Modaraba(FTSM)	8.00 ▲ 1.00 (14.29%)
Askari Life Assur. / Jun 30 Askari Life Assurance Company Limited(ALAC)	6.29 ▲ 0.78 (14.16%)
First AL-Noor Mod. / Jun 30 First Al-Noor Modaraba(FANM)	3.62 ▲ 0.39 (12.07%)
Bawany Air Products / Jun 30 Bawany Air Products Limited(BAPL)	9.50 ▲ 1.00 (11.76%)
Int. Knit. / Jun 30 International Knitwear Limited(INKL)	10.00 ▲ 1.00 (11.11%)
786 Invest Ltd / Jun 30 786 Investments Limited(786)	5.33 ▲ 0.51 (10.58%)
Shaheen Ins. / Jun 30 Shaheen Insurance Company Limited(SHNI)	3.40 ▲ 0.28 (8.97%)

Stock	Price
Elite Cap.Mod / Jun 30 First Elite Capital Modaraba(FECM)	2.70 ▲ -0.30 (-10.00%)
Jubilee Spinning / Jun 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.01 ▲ -0.29 (-8.79%)
Dewan Sugar / Jun 30 Dewan Sugar Mills Limited(DWSM)	2.19 ▲ -0.20 (-8.37%)
Orient Rental / Jun 30 Orient Rental Mod(ORM)	7.35 ▲ -0.63 (-7.89%)
Olympia Mills / Jun 30 Olympia Mills Limited(OML)	16.65 ▲ -1.35 (-7.50%)
Baba Farid / Jun 30 Baba Farid Sugar Mills Limited(BAFS)	44.50 ▲ -3.60 (-7.48%)
Shams Textile / Jun 30 Shams Textile Mills Limited(STML)	45.24 ▲ -3.66 (-7.48%)
Pak Hotels / Jun 30 Pakistan Hotels Developers Limited(PHDL)	135.00 ▲ -10.64 (-7.31%)
Chakwal Spinning / Jun 30 Chakwal Spinning Mills Limited(CWSM)	1.72 ▲ -0.13 (-7.03%)
AEL Textile / Jun 30 AEL Textile Limited(AEL)	14.00 ▲ -1.05 (-6.98%)

Stock	Volume
K-Electric Ltd. / Jun 30 K-Electric Limited(KEL)	17,294,500 ▼ 0.00
Agritech Limited / Jun 30 Agritech Limited(AGL)	13,786,500 ▼ 0.00
Fauji Cement / Jun 30 Fauji Cement Company Limited(FCCL)	12,055,500 ▼ 0.00
WorldCall Telecom / Jun 30 Worldcall Telecom Limited(WTL)	9,392,000 ▼ 0.00
Pak Refinery / Jun 30 Pakistan Refinery Limited(PRL)	7,985,160 ▼ 0.00
Pak Elektron / Jun 30 Pak Elektron Limited(PAEL)	7,070,000 ▼ 0.00
Pak Int.Bulk / Jun 30 Pakistan International Bulk Terminal(PIBTL)	6,848,500 ▼ 0.00
TPL Properties / Jun 30 TPL Properties Limited(TPLP)	6,408,040 ▼ 0.00
Pak Petroleum / Jun 30 Pakistan Petroleum Limited(PPL)	6,018,939 ▼ 0.00
Cnergyico PK / Jun 30 Cnergyico PK Limited(CNERGY)	6,008,471 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 29	205.50
USD PKR Interbank Buying / Jun 29	205.30
USD to Japanese Yen / Jun 29	136.63
USD to Swiss Franc / Jun 29	0.95
Pound Sterling to USD / Jun 29	1.21
Euro to USD / Jun 29	1.05
UK LIBOR % / Jun 29	1.57

Stock	Volume
S&P 500 / Jun 29	3818.83
India Sensex / Jun 29	53026.97
Tokyo Nikkei / Jun 29	26536.82
Nasdaq / Jun 29	11177.89
Hang Seng / Jun 29	22058.97
FTSE 100 / Jun 29	7312.32
Dow Jones / Jun 29	31029.31
Germany DAX 30 / Jun 29	13003.35
France CAC40 / Jun 29	6031.48

Item	Value
Crude Oil USD/Barrel / Jun 29	110.28
Karachi Cotton PKR/37.32 KG / Jun 29	18480.00
Gold 10 Grams PKR / Jun 29	121700.00
Gold Spot USD/Ounce / Jun 29	1820.88
Cotton US¢/pound / Jun 29	96.60

Federal Reserve

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