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Federal Reserve

Gold slips in European trade

ROTTERDAM/LONDON: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields,...

Published 24 Mar, 2021 05:10am

Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...

Published 24 Mar, 2021 05:10am

Opinion

Fed hopes for inflation psych-out, stable expectations, as prices rise

The Federal Reserve’s mission is to maintain “stable prices,” but Chair Jerome Powell’s take on that may ...

Published 23 Mar, 2021 04:37am

Markets

Asia stocks hesitant as bonds boosted by Turkish tumult

"In terms of impact on other parts of the high-yielding EM, we believe that will be quite limited," Citi said in a note.

Published 22 Mar, 2021 11:04am

Markets

US economists see Fed hiking lending rate sooner than expected: survey

Thirty-three percent of respondents said the government's response was adequate, a slight decrease from the previous survey in August 2020, while 37 percent said it was insufficient, also down slightly from the previous survey. Eighteen percent said it was excessive, up slightly from August.

Published 22 Mar, 2021 10:45am

Opinion

US economy readies itself for take-off

Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the...

Published 20 Mar, 2021 04:39am

Business & Finance

Early trade in New York: Dollar gains against major units

NEW YORK: The dollar extended gains against major currencies on Friday, hitting a more than one-week high, as...

Published 20 Mar, 2021 04:39am

World

US Fed to let bank leverage exemption expire this month, will review rule

The Fed said it would, however, launch a formal review of the capital rule, known as the "supplementary leverage ratio," due to concerns it is no longer functioning as intended as a result of the central bank's emergency COVID-19 pandemic monetary policy measures.
"Wall Street bank stocks will get punished because now they will have to put more money aside," Edward Moya, senior market analyst at foreign exchange brokerage Oanda, said in an email.

Published 19 Mar, 2021 09:13pm

Markets

US dollar rebounds from post-Fed weakness, lifted by higher yields

In the cryptocurrency market, bitcoin fell 1.21 to $58,188.21, after earlier hitting $60,000 again.

Published 19 Mar, 2021 10:00am

Markets

US MIDDAY: Gold slips

NEW YORK: Gold prices dropped on Thursday as a surge in US bond yields and a firmer dollar hammered bullion’s...

Published 19 Mar, 2021 05:32am

Business & Finance

Spiking yields steady dollar in Europe

LONDON: Spiking US bond yields boosted the dollar on Thursday, helping it to revive from two-week lows, after the...

Published 19 Mar, 2021 05:32am

Business & Finance

US weekly jobless claims increase; mid-Atlantic factory activity near 50-year high

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the...

Published 19 Mar, 2021 05:32am

Markets

Hong Kong stocks surge in morning

The Hang Seng Index climbed 1.51 percent, or 438.38 points, to 29,472.50.

Published 18 Mar, 2021 10:30am

Markets

Asian markets rally on Fed growth, rate outlook

Wall Street rallied on the news, with the Dow ending above 33,000 for the first time, while the S&P 500 also chalked up a record.

Published 18 Mar, 2021 10:25am

Business & Finance

Early trade in New York: Dollar flat to slightly up ahead of Fed guidance

NEW YORK: The US dollar was flat to slightly higher on Wednesday, with 10-year Treasury yields hitting fresh ...

Published 18 Mar, 2021 03:56am

Business & Finance

Fed sees higher growth, above target inflation this year, rates remain steady

WASHINGTON: The Federal Reserve on Wednesday projected a rapid jump in US economic growth and inflation this year as...

Published 18 Mar, 2021 03:56am

Markets

Yields climb as market awaits Fed statement

The benchmark yield surged to 1.676%, the highest level since February 2020. It was last up 2.8 basis points at 1.6515%.
The 30-year bond yield jumped to 2.429%, the highest since November 2019. It was last up 2.1 basis points at 2.4117%.

Published 17 Mar, 2021 09:31pm

Markets

Stocks slip before Fed announcement

The dollar was mixed as the US central bank wraps up a two-day policy meeting.

Published 17 Mar, 2021 09:25pm

Markets

Asia traders move cautiously as they focus on Fed

US benchmark 10-year Treasury yields -- a guide to future interest rates -- have risen to a one-year high in recent weeks.

Published 17 Mar, 2021 06:02pm

Markets

US dollar little changed ahead of Fed meeting outcome

The Australian dollar - seen as a barometer for risk appetite - was down 0.1% at US$0.7747. The New Zealand dollar also slipped 0.1% at US$0.7193.

Published 17 Mar, 2021 11:08am

Business & Finance

Early trade in New York: Dollar little changed

NEW YORK: The dollar was little changed to slightly higher on Tuesday in choppy trading, with currencies generally...

Updated 17 Mar, 2021 09:41am

Business & Finance

Cold weather chills US manufacturing, retail sales production

WASHINGTON: US retail sales fell more than expected in February amid bitterly cold weather across the country, but a...

Updated 17 Mar, 2021 09:42am

Markets

Stocks track US rally as recovery hopes trump inflation fear

The dollar was mixed against its main rivals and oil prices slid on profit-taking after recent strong gains.

Published 16 Mar, 2021 05:00pm

Markets

Hong Kong stocks up after morning session

The Hang Seng Index added 0.62 percent, or 179.20 points, to 29,012.96.

Published 16 Mar, 2021 09:51am

Markets

Canadian dollar retreats from 3-year high as Fed meeting looms

Loonie touches its strongest since February 2018 at 1.2442.
Canadian home sales rise 6.6% in February from January.
Price of US oil falls 1.7%.
Canada's 10-year yield touches a 14-month high at 1.602%.

Updated 15 Mar, 2021 09:25pm

Markets

Asian markets mixed ahead of key Fed meeting

London, Frankfurt and Paris rose at the open.

Published 15 Mar, 2021 05:14pm

Markets

Hong Kong stocks up at lunch

The Hang Seng Index gained 0.58 percent, or 167.43 points, to 28,907.15.

Published 15 Mar, 2021 10:39am

Markets

South Africa's rand rallies as reflation fears ease, stocks inch up

Rand was 1.23% firmer at 14.9000 per dollar, a touch softer than the session-high 14.8700, the unit's firmest level since March. 3.
Risk appetite has been driven by offshore events, with investors eyeing the speed of the global economic recovery and the pace of US lending rates.

Updated 11 Mar, 2021 10:04pm

Opinion

US central bankers are mostly white men

Over more than a century of the Federal Reserve’s existence, the critical job of controlling the cost of money and...

Published 10 Mar, 2021 04:59am

Markets

Dollar stands tall as US yields resume climb

The antipodean currencies have been in demand because of their links to the global commodities trade.

Updated 08 Mar, 2021 05:10pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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