Trends - Federal Reserve - Business Recorder

Federal Reserve

Dollar bides time below two-month highs before payrolls test

The euro was at $1.19210, edging back toward the 2-1/2-month low of $1.8470 touched on June 18.

Published 29 Jun, 2021 11:00am

Business & Finance

Stocks slip after strong gains

Brent North Sea crude hit $76.60 per barrel and New York's WTI struck $74.45 -- the highest levels since October 2018.

Published 28 Jun, 2021 04:52pm

Markets

Gold rises in European trade

AMSTERDAM/LONDON: Gold rose on Friday after sombre US inflation data tempered bets for early monetary policy...

Published 26 Jun, 2021 03:24am

Markets

Dollar steady, sterling slips ahead of Bank of England meeting

Dollar index slips as markets digest Fed comments
BoE expected to leave monetary policy unchanged

Published 24 Jun, 2021 12:58pm

Markets

Japanese stocks wobble on uncertainty over Fed, earnings

Nikkei share average was flat at 28,863.88, while the broader Topix slipped 0.14% to 1,946.45.

Published 24 Jun, 2021 10:58am

Markets

Asian shares tread water, markets eye US inflation signals

Japan's Nikkei rose slightly to 28,905.5, while Chinese shares were in the red with the blue-chip CSI300 index off 0.3%.

Published 24 Jun, 2021 08:25am

Markets

China stocks climb

BEIJING: China shares closed higher on Wednesday, with commodity firms leading gains, as investors lapped up...

Published 24 Jun, 2021 03:36am

Business & Finance

Sterling trades below 2-1/2 months high against euro

LONDON: Sterling traded just off 2-1/2 month highs hit against the euro earlier on Wednesday as eurozone surveys of...

Published 24 Jun, 2021 03:36am

Markets

Dollar slips after Fed's Powell downplays inflation fears

The dollar jumped after the Fed surprised markets on June 16 by saying that policymakers are forecasting two interest rate hikes in 2023.
Dollar gains have faded after Mr. Powell downplayed higher inflation lasting for very long.

Published 23 Jun, 2021 07:33pm

Business & Finance

Early trade in New York: Dollar rises, bitcoin drops

NEW YORK: The dollar edged higher on Tuesday before Federal Reserve Chair Jerome Powell will testify before ...

Published 23 Jun, 2021 04:26am

Markets

US and European stocks steady, bitcoin retreats

Oil prices hit new two-year highs above $75 on demand optimism.

Published 22 Jun, 2021 06:50pm

Markets

Japanese shares plunge

TOKYO: Japanese shares posted their biggest drop in four months on Monday, tracking Wall Street’s sell-off last...

Published 22 Jun, 2021 04:46am

Business & Finance

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars edged higher on Monday, taking a breather after recent losses made...

Published 22 Jun, 2021 04:46am

Markets

Wall St rebounds after Fed-induced pullback

The Dow Jones Industrial Average rose 21.99 points, or 0.07%, at the open to 33,312.07.

Published 21 Jun, 2021 06:37pm

Markets

Australia shares set for a negative start; NZ falls

New Zealand's benchmark S&P/NZX 50 index fell 0.1% to 12543.14 points in early trade.

Published 21 Jun, 2021 10:15am

Markets

Asian markets sink as traders contemplate Fed tightening

Others said the pullback would likely be seen as healthy because many stocks appeared to be somewhat overvalued.

Published 21 Jun, 2021 09:52am

Markets

Copper heads for biggest weekly fall since March 2020

LONDON: Copper on Friday was on track for its biggest weekly fall since March 2020 after the Federal Reserve...

Published 20 Jun, 2021 03:39am

Markets

Dow drops in early trade

NEW YORK: The Dow fell 1% on Friday after Federal Reserve official James Bullard said inflation was stronger than...

Published 19 Jun, 2021 03:23am

Opinion

As Fed wakes sleeping dollar, jolted bears may bolster gains

A hawkish shift from the Federal Reserve has woken up a slumbering dollar, sending the US currency to its highest...

Published 19 Jun, 2021 03:23am

Business & Finance

Indonesia holds key rate at record low

JAKARTA: Indonesia’s central bank held its benchmark rate at a record low on Thursday as it sought to keep ...

Published 18 Jun, 2021 04:16am

Markets

South Africa's rand hits one-month low on hawkish Fed, stocks fall

The rand fell as low as 14.1600 against the dollar, its weakest since May 17, before paring losses to trade roughly 0.5% weaker at 14.1050 by 1553 GMT.

Updated 17 Jun, 2021 09:21pm

Business & Finance

Gold slides below $1,800/oz after Fed's hawkish tilt

Fed now projects first rate hike in 2023
US dollar advances to two-month peak
Gold fell over 2.5% post-Fed announcement on Wednesday

Published 17 Jun, 2021 06:39pm

Markets

Sterling dips below $1.40 on US Fed hawkish surprise

Against the euro the pound was up 0.4% on the day, hitting 85.42 pence per euro - its highest level since early April.

Published 17 Jun, 2021 04:59pm

Markets

Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Fed projects two rate rises in 2023, talks tapering
Markets imply risk of first hike by end of 2022
Bonds sell off hard, dollar surges, gold slides

Published 17 Jun, 2021 04:42pm

Markets

Dollar keeps climbing; Norges Bank signals September rate hike

Dollar index jumps to two-month high
Fed signals earlier than expected rate increases
Euro-dollar drops

Published 17 Jun, 2021 04:34pm

Markets

World Bank advises Indonesia to keep monetary policy accommodative, FX rate flexible

A BI spokesman declined to comment due to a blackout period during a policy meeting.

Published 17 Jun, 2021 10:20am

Markets

Wall Street slips

• Boeing rises on US-EU airline subsidies truce NEW YORK: Wall Street’s main indices closed lower on Tuesday ...

Published 17 Jun, 2021 03:27am

Fed signals rate hikes for 2023

WASHINGTON: The Federal Reserve on Wednesday brought forward its projections for the first post-pandemic interest...

Published 17 Jun, 2021 03:27am

Markets

US stocks little changed ahead of Fed decision

The broad-based S&P 500 dipped less than 0.1 percent to 4,245.05, while the tech-rich Nasdaq Composite Index edged up 0.3 percent to 14,110.43.

Updated 16 Jun, 2021 07:08pm

Markets

Australia, NZ dollars on the defensive in case Fed, RBA make policy waves

The September contract is trading at 99.660, implying a yield of 0.34%, while the June contract had ended at 99.846 for a yield of 0.154%.

Published 16 Jun, 2021 10:44am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 12 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 12 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 12 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 12 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 12 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 12 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 12 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 12 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 12 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 12 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 12 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 12 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 12 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 12 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 12 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 12 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 12 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 12 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 12 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 12 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 12 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 12 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 12 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 12 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 12 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 12 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 12 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 12 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 12 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 12 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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