Trends - Federal Reserve - Business Recorder

Federal Reserve

Gold gains as dollar, yields ease despite Fed's 'taper' talk

Spot gold rose 0.6pc to $1,880.81 per ounce by 12:34 p.m. EDT (1634 GMT). U.S. gold futures fell 0.1pc to $1,880.50 per ounce.

Published 20 May, 2021 11:20pm

Markets

Gold holds below 4-month peak as dollar, Treasury yields rebound

As the dollar firmed and US Treasury yields rose after the release of the minutes from the Federal Reserve's last monetary policy meeting.

Published 20 May, 2021 11:35am

Markets

Gold edges closer to 4-month high on weaker dollar, inflation fears

Gold is also getting support from chart-based buyers after bullion broke above its 200-day moving average, considered to be a bullish signal.

Published 19 May, 2021 12:00am

Markets

Taiwan shares surge nearly 5%, easing dollar supports Asian FX

However, stocks markets in the developing economies of Indonesia, Malaysia and the Philippines were broadly lower as worries over the virus and its impact on their economies remain.

Published 18 May, 2021 11:49am

Expect ‘choppiness’ in US economic recovery: White House

WASHINGTON: Expect "choppiness" in the US economic recovery as different sectors bounce back at varying speeds, but...

Published 16 May, 2021 04:26am

Business & Finance

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

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD to Japanese Yen / Jan 1	107.26
USD to Swiss Franc / Jan 1	0.95
Pound Sterling to USD / Jan 1	1.26
Euro to USD / Jan 1	1.14

Stock	Volume
S&P 500 / Jan 1	3215.57
India Sensex / Jan 1	36471.68
Tokyo Nikkei / Jan 1	22770.36
Nasdaq / Jan 1	10473.83
Hang Seng / Jan 1	24970.69
FTSE 100 / Jan 1	6250.69
Dow Jones / Jan 1	26734.71
Germany DAX 30 / Jan 1	12874.97
France CAC40 / Jan 1	5085.28

Item	Value
Crude Oil USD/Barrel / Jan 1	40.75
Karachi Cotton PKR/37.32 KG / Jan 1	8400
Gold 10 Grams PKR / Jan 1	93707
Gold Spot USD/Ounce / Jan 1	1800.30
Cotton US¢/pound / Jan 1	62.54

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