Trends - Federal Reserve - Business Recorder

Federal Reserve

Early trade in New York: Dollar drops to three-week lows

NEW YORK: The US dollar fell to three-week lows on Tuesday after data showed inflation making strong gains in March,...

Published 14 Apr, 2021 03:21am

Markets

European shares pause near record highs

The STOXX 600 has also lagged a recovery in its U.S. counterpart due to a slow vaccination rollout and a new wave of coronavirus infections on the continent.

Updated 14 Apr, 2021 12:01am

Markets

South African rand reverses losses after U.S. CPI data

Investors mainly focused on U.S. inflation data for further indications on the direction of lending rates in the world's biggest economy.

Updated 14 Apr, 2021 12:00am

World

US consumer prices post biggest gain in over 8-1/2 years

Consumer prices increase 0.6% in March.
CPI rises 2.6% year-on-year.
Core CPI gains 0.3%; up 1.6% year-on-year.

Published 13 Apr, 2021 08:36pm

Fed chair says cyberattacks main risk to US economy

WASHINGTON: Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale...

Updated 13 Apr, 2021 09:27am

Markets

European stocks steady ahead of earnings season

London nudged lower in afternoon trading, while Frankfurt and Paris were barely in the black.

Published 12 Apr, 2021 08:01pm

Markets

Dollar drops as traders prepare for inflation data

Dollar falters, extending losses last week.
US inflation data due on Tuesday.
Euro climbs above $1.19, sterling bounces off two-month low.

Published 12 Apr, 2021 05:38pm

Markets

Fed chair says cyberattacks main risk to US economy

The Fed was also looking at the possibility that part or even a large part of the financial system could shut down.

Updated 12 Apr, 2021 04:57pm

US economy at an ‘inflection point’: Powell

NEW YORK: The US economy is at an "inflection point" with expectations that growth and hiring will pick up speed in...

Published 12 Apr, 2021 03:59am

Business & Finance

Dollar rises in Europe

LONDON: The dollar gained slightly on Friday but was still heading for its softest week of the year after...

Published 10 Apr, 2021 04:34am

Markets

Wall Street rises along with Treasury yields as inflation heats up

"The reopening trade is still very much alive," said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. "And you're seeing that in the relative underperformance of the high-flying tech that did so well throughout the shutdowns."
"Things are now getting back to normal from a period of suppressed pricing," Pursche added. "Prices are getting back to their equilibrium. One month of price spikes does not make a trend."

Published 09 Apr, 2021 08:06pm

Markets

US stock futures buoyant on inflation view

S&P futures flat, Nasdaq futures dip 0.2%.
European stocks eye longest weekly winning streak since Nov 2019.
Dovish Powell, weak jobs data quell inflation jitters.
Dollar index eyes worst week of year on lower bond yields.

Published 09 Apr, 2021 05:46pm

Markets

Asian markets mostly down but optimism remains

"A lot of investors are worried about the stock market highs, but that doesn't mean it can't get higher, and the economic conditions are certainly set up for a positive equity environment," she told Bloomberg TV.

Published 09 Apr, 2021 10:02am

Markets

Dollar set for weekly loss as data, Fed cool bond market

"Markets (are) re-thinking the US dollar exceptionalism view," ANZ Bank analysts said in a note on Friday.

Published 09 Apr, 2021 09:34am

Opinion

Investments get ‘real’ as inflation fears dim appeal of bonds

Electric vehicle infrastructure, top-end offices and industrial metals - with a resurgence in inflation seemingly on...

Published 09 Apr, 2021 04:51am

Markets

Dollar at two-week low after U.S. weekly jobless claims rise unexpectedly

The U.S. currency - which appreciated this year, helped in part by a rally in U.S. Treasury yields - has come under pressure in recent sessions as yields have retreated.

Updated 09 Apr, 2021 09:19am

Markets

U.S. yields slide after jobless claims, but massive supply looms

Dovish Federal Reserve minutes released on Wednesday, which reiterated that the U.S. central bank was in no rush to raise interest rates, also weighed on Treasury yields.

Updated 09 Apr, 2021 09:19am

Markets

Euro zone yields dip, ECB says could reduce bonds buys

The central bank ramped up buying of sovereign bonds after a surge in U.S. Treasury yields lifted borrowing costs in the bloc and threatened Europe's tentative recovery.

Updated 09 Apr, 2021 12:08am

Markets

South Africa's rand hits 6-week best, stocks fall on sluggish manufacturing data

At 1500 GMT the rand was 0.48pc firmer at 14.5000 per dollar, its strongest level since Feb. 24 and poised to reach a one-year high as the bullish case gathered momentum.

Updated 09 Apr, 2021 12:08am

Markets

Gold firms near 1-month peak as dollar, U.S. yields retreat

Spot gold rose 1.11pc to $1,756.56 per ounce by 1:43 p.m. EDT (1743 GMT), having earlier hit its highest since March 1 at $1,758.45.

Updated 09 Apr, 2021 12:07am

Markets

Dollar rises as minutes shows Fed committed to supporting economic recovery

The Australian dollar fell against the dollar, down 0.74% , while the New Zealand dollar was down 0.75%, both pausing their upward trajectory of the last two weeks.

Published 08 Apr, 2021 12:32pm

Markets

Indian shares climb for third day as metals gain

Hindalco and Tata Steel were the top gainers on the Nifty 50, rising more than 2% each amid steel prices in China hitting a record.

Published 08 Apr, 2021 12:13pm

Business & Finance

Dollar slips in Europe

LONDON: The dollar slipped, hovering near two-week lows on Wednesday, after US bond yields stabilised, while market...

Updated 08 Apr, 2021 09:06am

Markets

Dollar rises as minutes shows Fed committed to supporting economic recovery

The U.S. Dollar Currency Index, which measures the greenback against a basket of six currencies, was 0.181% lower at 92.473. The index fell as low as 92.134 earlier in the session.

Updated 08 Apr, 2021 09:06am

Markets

U.S. yields mostly down with market in consolidation phase

Yields on the front end to the so-called belly of the curve were down, while those on the very long end were firmer. U.S. 10-year yields, however, dropped to a two-week low.

Updated 08 Apr, 2021 09:06am

Markets

Dollar near two-week lows as investors await Fed minutes

The US Dollar Currency Index, which measures the greenback against a basket of six currencies, was 0.101% lower at 92.213.
Upbeat European data on Wednesday showing euro zone business activity bounced back to growth last month, also supported the common currency against the greenback.

Published 07 Apr, 2021 08:22pm

Markets

Gold eases on swift recovery bets as focus turns to Fed minutes

Fed meeting minutes due at 1800 GMT.
US job openings rose to 2-year high in February.
Platinum eases after scaling over one-month peak.

Published 07 Apr, 2021 08:15pm

Markets

Dollar holds near two-week lows as investors await Fed minutes

Dollar index holds near two-week low.
Aussie, Kiwi dollar slip.

Published 07 Apr, 2021 05:38pm

Business & Finance

US yields slide as views on Fed rate hikes deemed too aggressive

Investors' trading of 5-year notes typically reflects their views on interest rate expectations, analysts said.

Published 06 Apr, 2021 08:13pm

Markets

Stocks gain, U.S. short-dated debts under pressure after bumper U.S. jobs data

U.S. S&P500 futures traded 0.5pc higher, maintaining their gains made during a truncated session on Friday while Japan's Nikkei rose 0.8pc.

Published 05 Apr, 2021 08:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

Federal Reserve

Most Popular