Trends - Federal Reserve - Business Recorder

Federal Reserve

Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive ‘Fed put’

NEW YORK: The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in...

Published 23 May, 2022 06:15am

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

Gainers
Losers
Leaders

Stock	Price
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	4.70 ▲ 1.00 (27.03%)
F.Credit & Inv / Jul 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ 1.00 (22.17%)
S.G.Power / Jul 6 S.G. Power Limited(SGPL)	5.63 ▲ 1.00 (21.60%)
SME Leasing Ltd / Jul 6 SME Leasing Limited(SLL)	2.18 ▲ 0.33 (17.84%)
Kohinoor Power / Jul 6 Kohinoor Power Company Limited(KOHP)	4.35 ▲ 0.58 (15.38%)
Dewan Sugar / Jul 6 Dewan Sugar Mills Limited(DWSM)	2.49 ▲ 0.24 (10.67%)
Ashfaq Textile / Jul 6 Ashfaq Textile Mills Limited(ASHT)	10.85 ▲ 0.95 (9.60%)
Prud Mod.1st / Jul 6 First Prudential Modaraba(PMI)	1.70 ▲ 0.12 (7.59%)
Sanofi-Aventis / Jul 6 Sanofi-Aventis Pakistan Limited(SAPL)	1426.74 ▲ 99.54 (7.50%)
AL-Noor Sugar / Jul 6 Al-Noor Sugar Mills Limited(ALNRS)	59.81 ▲ 4.17 (7.49%)

Stock	Price
First Fidelity Leas. / Jul 6 First Fidelity Leasing Modaraba(FFLM)	2.51 ▲ -0.86 (-25.52%)
Escorts Bank / Jul 6 Escorts Investment Bank Limited(ESBL)	5.85 ▲ -0.62 (-9.58%)
K.S.B.Pumps / Jul 6 KSB Pumps Company Limited(KSBP)	130.74 ▲ -10.60 (-7.50%)
Cyan Limited / Jul 6 Cyan Limited(CYAN)	25.81 ▲ -2.09 (-7.49%)
TPL Insurance / Jul 6 TPL Insurance Limited(TPLI)	30.65 ▲ -2.42 (-7.32%)
AKD Hospitality / Jul 6 AKD Hospitality Limited(AKDHL)	165.00 ▲ -12.04 (-6.80%)
Thal Ind.Corp. / Jul 6 Thal Industries Corporation Limited(TICL)	233.00 ▲ -17.00 (-6.80%)
Shahtaj Sugar / Jul 6 Shahtaj Sugar Mills Limited(SHJS)	46.00 ▲ -3.26 (-6.62%)
Nagina Cot. / Jul 6 Nagina Cotton Mills Limited(NAGC)	70.10 ▲ -3.91 (-5.28%)
Dawood Equities / Jul 6 Dawood Equities Limited(DEL)	6.55 ▲ -0.34 (-4.93%)

Stock	Volume
Unity Foods Ltd / Jul 6 Unity Foods Limited(UNITY)	4,223,912 ▼ 0.00
Agritech Limited / Jul 6 Agritech Limited(AGL)	3,884,500 ▼ 0.00
Pak Refinery / Jul 6 Pakistan Refinery Limited(PRL)	1,616,042 ▼ 0.00
Fauji Cement / Jul 6 Fauji Cement Company Limited(FCCL)	1,161,000 ▼ 0.00
WorldCall Telecom / Jul 6 Worldcall Telecom Limited(WTL)	1,026,500 ▼ 0.00
Telecard Limited / Jul 6 Telecard Limited(TELE)	984,500 ▼ 0.00
Maple Leaf Cement / Jul 6 Maple Leaf Cement Factory Limited(MLCF)	941,932 ▼ 0.00
TRG Pak Ltd / Jul 6 TRG Pakistan Limited(TRG)	915,796 ▼ 0.00
Cnergyico PK / Jul 6 Cnergyico PK Limited(CNERGY)	903,143 ▼ 0.00
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	868,850 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 5	206.90
USD PKR Interbank Buying / Jul 5	206.70
USD to Japanese Yen / Jul 5	135.24
USD to Swiss Franc / Jul 5	0.97
Pound Sterling to USD / Jul 5	1.20
Euro to USD / Jul 5	1.03
UK LIBOR % / Jul 5	1.57

Stock	Volume
S&P 500 / Jul 5	3831.39
India Sensex / Jul 5	53134.35
Tokyo Nikkei / Jul 5	26077.04
Nasdaq / Jul 5	11322.24
Hang Seng / Jul 5	21621.01
FTSE 100 / Jul 5	7025.47
Dow Jones / Jul 5	30967.82
Germany DAX 30 / Jul 5	12401.20
France CAC40 / Jul 5	5794.96

Item	Value
Crude Oil USD/Barrel / Jul 5	100.33
Karachi Cotton PKR/37.32 KG / Jul 5	16680.00
Gold 10 Grams PKR / Jul 5	118800.00
Gold Spot USD/Ounce / Jul 5	1770.30
Cotton US¢/pound / Jul 5	93.42

Federal Reserve

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