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Federal Reserve

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

Markets

Wednesday’s early trade: Rally runs out of steam ahead of Powell talk

NEW YORK: Wall Street’s main indexes slipped from record levels on Wednesday as investors digested recent gains...

Published 11 Feb, 2021 04:34am

Markets

Wall Street opens at record levels ahead of Powell talk

The Dow Jones Industrial Average rose 52.2 points, or 0.17%, at the open to 31428.02.
The S&P 500 rose 9.6 points, or 0.24%, at the open to 3920.78?,

Published 10 Feb, 2021 09:20pm

Markets

Futures hit record highs ahead of inflation data, Fed chair speech

President Joe Biden on Tuesday agreed to a proposal by Democratic lawmakers to limit or phase out stimulus payments to higher-income individuals as part of his administration's $1.9 trillion coronavirus relief bill.
Wall Street's main indexes have scaled a series of all-time peaks recently, with investors moving into sectors such as energy.

Published 10 Feb, 2021 06:24pm

Business & Finance

Brazil's Itau waits for Fed approval to spin off stake in digital broker XP

The bank said it will create a new company to hold the XP stake once it receives the approval.
Itausa SA, the holding company that controls Itau, said it has reached an agreement with XP regarding the divestiture.

Published 01 Feb, 2021 06:24pm

Markets

US stocks slump to worst day in three months

NEW YORK: US stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses...

Published 29 Jan, 2021 04:55am

Markets

Asian markets a sea of red as virus woes add to correction fears

The move has put a brake on a massive spending spree in Hong Kong by mainland traders looking to take advantage of relatively cheap shares in the city.

Published 28 Jan, 2021 09:47am

Markets

S&P, Nasdaq slip from record levels

NEW YORK: The S&P and Nasdaq slipped on Tuesday from record closing levels as investors digested a batch of...

Published 28 Jan, 2021 04:40am

Business & Finance

US core capital goods orders underpinning business investment

WASHINGTON: New orders for key US-made capital goods increased for an eighth straight month in December, pointing to...

Updated 28 Jan, 2021 09:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Petrol/Litre / May 1	288.49
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Diesel/Litre / May 1	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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