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Federal Reserve

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

World

US job growth beats expectations in February

Nonfarm payrolls surged 379,000 jobs last month after rising 166,000 in January, the Labor Department said on Friday. In December, payrolls fell for the first time in eight months.
Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely."

Published 05 Mar, 2021 09:20pm

Markets

Dollar gains across the board as Powell sticks to script

The Swiss franc fell to a seven-month low of 0.93110 francs per dollar and was flat at 0.92765.
We didn't get it and the dollar is pushing higher across the board on expectations of further increases in US yields.

Published 05 Mar, 2021 05:23pm

Markets

Tokyo stocks close lower on price concerns

The benchmark Nikkei 225 index slid 0.23 percent or 65.79 points to end at 28,864.32.

Published 05 Mar, 2021 11:24am

Markets

Raw sugar recovers

LONDON: Raw sugar prices on ICE recovered on Thursday after hitting a one-month low as the dollar held strong and...

Published 05 Mar, 2021 05:17am

Markets

US MIDDAY: Gold ekes out gains

NEW YORK: Gold prices edged higher on Thursday as investors adopted a cautious stance ahead of remarks from Federal...

Published 05 Mar, 2021 05:17am

Business & Finance

US won’t reach ‘maximum employment’ this year: Powell

WASHINGTON: The US labour market faces a lengthy recovery and the economy will not see “maximum employment” this...

Updated 05 Mar, 2021 09:37am

Markets

Canadian dollar tracks oil higher as OPEC meets

Canadian dollar rises 0.2% against the greenback.
Price of US oil increases 1.9%.
Canadian labor productivity falls 2.0% in the fourth quarter.
Canadian bond yields rise across the curve.

Updated 04 Mar, 2021 09:51pm

Markets

Euro zone bonds calm down as markets look to Powell

Yields are down from their highs this week, but pressure remains. US Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
Italian bond yields were last unchanged, pushing up the gap between 10-year Italian and German yields a touch higher to around 104 bps.

Updated 04 Mar, 2021 09:53pm

Markets

Futures lower ahead of weekly jobless claims, Powell talk

Futures down: Dow 0.5%, S&P 0.7%, Nasdaq 0.8%.
Ahead of Powell's remarks, the 10-year Treasury yields were at 1.47% but held below last week's one-year high of 1.614%.

Published 04 Mar, 2021 04:53pm

Markets

Dollar gains with yields, US growth seen likely to outperform

The yen could reach support at 106.11 to 106.22, or even continue further to the 105.33-105.44 area, Citi said.

Published 04 Mar, 2021 10:23am

Business & Finance

US private payrolls rise modestly, worker shortages emerging

Many services businesses complained about supply delays and raw material shortages caused by the dearth of workers.

Published 04 Mar, 2021 09:40am

Business & Finance

Early trade in New York: Dollar gains as US growth seen likely to outperform

NEW YORK: The dollar gained on Wednesday as investors priced for strong US growth relative to other regions, while...

Updated 04 Mar, 2021 09:33am

Markets

Asian equities advance but inflation, correction worries persist

While trading floor scenes of worry about the prospect of rising borrowing costs, Fed officials continue to try to soothe concerns.

Published 03 Mar, 2021 11:15am

Business & Finance

Bond selloff boosts dollar in Europe

LONDON: The US dollar rose against most major currencies on Friday, lifted by an increase in US bond yields...

Published 27 Feb, 2021 04:29am

Business & Finance

Early trade in New York: Dollar gains against major currencies

NEW YORK: The US dollar rose against most major currencies on Friday as US government bond yields held near one-year...

Published 27 Feb, 2021 04:29am

Markets

Wall Street set to open higher as tech sell-off cools

Growth stocks find respite after six-day sell off.
Tesla up as Ark Invest buys $171 mln more shares.
Lowe's rises on beating estimates for Q4 same-store sales.
Futures up: Dow 0.06%, S&P 0.23%, Nasdaq 0.35%.

Published 24 Feb, 2021 08:04pm

Markets

Dollar bounces off six-week low as traders prepare for Powell

Dollar briefly hits lowest since Jan. 13.
Aussie, Kiwi hold near multi-year highs.
Bitcoin takes another dive after record price.

Published 23 Feb, 2021 07:59pm

Opinion

Fed’s Powell set table for Biden economy, but will he stay for dessert?

Over the past year Federal Reserve Chair Jerome Powell has engineered the largest economic rescue in US history,...

Published 23 Feb, 2021 05:20am

Markets

US money markets bringing forward Fed rate hike bets to end-2022

Eurodollar futures contracts maturing in December 2022, were pricing in roughly 18 basis points worth of rate hikes by the end of next year.
Current pricing implies an almost 70% chance of such a move by end-2022, analysts said, up from the 52% chance priced a week ago.

Published 22 Feb, 2021 05:53pm

World

Brainard: Fed wants maximum employment, growth that is sustainable

"We will be very focused on trying to understand how climate related risks but also the potential transition pathways might effect our economic growth over the medium to long term," Brainard said.
The focus on investments in a sustainable economy that are pro-growth, that are pro-jobs, those are the kinds of priorities that square very well with our overall framework.

Published 18 Feb, 2021 08:06pm

Markets

Most Asian markets down on profit-taking but optimism remains

"There's a great deal of optimism in the air and that's one of the biggest reasons we've seen this rise in interest rates in the US and globally," Tom di Galoma, at Seaport Global Holdings, said.

Published 17 Feb, 2021 10:26am

World

US weekly jobless claims edge down as labor market recovery stalls

Claims remain above their 665,000 peak during the 2007-2009 Great Recession.
The government reported last Friday that the economy created only 49,000 jobs in January after losing 227,000 in December.

Published 11 Feb, 2021 08:29pm

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

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