Trends - inflation - Business Recorder

inflation

Euro zone bond yields fall despite a surge in inflation

Inflation excluding food and energy prices, a less volatile measure that the ECB watches more closely, slowed to 1%.

Published 31 Mar, 2021 11:47pm

Markets

Gold rises on softer dollar, but set for worst quarter in over 4 years

Gold is down over 9pc for the quarter and is on track for its worst quarterly performance since end-December 2016.

Updated 01 Apr, 2021 12:01am

Markets

S&P 500 nears 4,000 points for the first time, Biden's spending plan on deck

The $3 trillion-$4 trillion infrastructure package will target traditional projects like roads and bridges alongside investments in the electric vehicle market.

Updated 01 Apr, 2021 12:01am

BR Research

Economy and the art of self-cannibalization

“If you don't cannibalize yourself, someone else will”. Prime Minister Imran Khan may or may not have read that...

Published 31 Mar, 2021 07:25am

Markets

Stocks rise, dollar hits one-year yen high on recovery hopes

That values the Amazon-backed British group at the equivalent of 8.9 billion euros or $10.5 billion.

Published 30 Mar, 2021 04:56pm

Markets

Most markets rise in Asia on recovery optimism, worries remain

Nomura was down around three percent in Tokyo, a day after plunging 16 percent.

Published 30 Mar, 2021 09:36am

Opinion

Some negative economic trends

There is growing perception that the economy has turned the corner and that the growth rate is picking up while the...

Published 30 Mar, 2021 05:45am

July-December 2020: 21.08pc increase in domestic debt servicing cost witnessed

ISLAMABAD: There was an increase of 21.08 percent in domestic debt servicing cost during the first six months...

Published 29 Mar, 2021 06:05am

Opinion

State Bank Amendment Bill 2021: Exploring uncharted territory or murky waters

The Bill to amend the “State Bank of Pakistan Act 1956” is exceptionally dangerous for the economy and the...

Published 26 Mar, 2021 05:22am

Business & Finance

Philippine central bank keeps key rates at record low

MANILA: The Philippine central bank left key interest rates steady on Thursday, as it balanced the need to support ...

Updated 26 Mar, 2021 09:26am

Business & Finance

South African central bank keeps repo rate unchanged

JOHANNESBURG: South Africa’s central bank bucked the trend of emerging markets raising interest rates by keeping...

Updated 26 Mar, 2021 09:25am

Markets

South African central bank keeps repo rate at 3.5pc

Policy makers in Brazil, Russia and Turkey delivering cumulative rate increases 300 basis points last week.

Updated 26 Mar, 2021 12:05am

Markets

German 10-year bond yields hit 5-week low, strong PMI stems fall

The news tempered the rally in bond markets but yields were set to end the day lower and prices higher, as a note of caution prevailed.

Published 24 Mar, 2021 11:51pm

Markets

Gold shrugs off higher yields, dollar after Powell testimony

Spot gold rose 0.5pc to $1,735.24 per ounce by 12:48 P.M EDT (1648 GMT). U.S. gold futures gained 0.6pc to $1,734.90.

Updated 25 Mar, 2021 12:06am

World

UK inflation in shock fall, soothing market fears

In the UK, clothing and footwear saw the sharpest price falls in more than a decade, down 5.6 percent in the year to February.

Published 24 Mar, 2021 04:26pm

Markets

Philippine central bank vows to retain policy support for economy ahead of meeting

While the BSP has room to "preserve" monetary policy support for the economy, Diokno warned that a resurgence of COVID-19 infections could further dampen domestic demand and overall business and consumer confidence.

Published 24 Mar, 2021 12:25pm

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

Business & Finance

Mexico's central bank seen maintaining key rate at 4.0pc

The central bank in February cut its benchmark interest rate by 25 basis points to 4pc, flagging uncertainty over the outlook.

Updated 23 Mar, 2021 05:11pm

Business & Finance

Russia may remove sugar import tax, extend some fixed retail prices

Russia, one of the world's largest wheat exporters, has imposed several grain export taxes and a series of other measures since December as it seeks to stabilise domestic food inflation.

Updated 23 Mar, 2021 05:10pm

Editorials

MPS ahead of likely passage of SBP bill

EDITORIAL: The Monetary Policy Committee (MPC) of State Bank of Pakistan left the discount rate unchanged at 7...

Published 22 Mar, 2021 04:18am

Markets

Resolving crises: Expert suggests cut in interest rate, energy tariffs

KARACHI: “If we have to seriously pull out the country from crises, two radical decisions have to be made,...

Published 21 Mar, 2021 04:05am

Business & Finance

Govt urged to strengthen institutions, control rising inflation

KARACHI: Tariq Haleem, former vice president of FPCCI and leader of United Business Group has said that the Federal...

Updated 21 Mar, 2021 09:31am

SBP keeps policy rate unchanged at 7pc

KARACHI: While, noting the uncertainty around the inflation and growth outlook, the Monetary Policy Committee (MPC)...

Updated 20 Mar, 2021 02:29pm

Business & Finance

BoJ fine-tunes massive stimulus in long drive to boost prices

TOKYO: The Bank of Japan slightly loosened its grip on long-term interest rates on Friday and laid the groundwork to...

Published 20 Mar, 2021 04:39am

Business & Finance

State Bank MPC: Policy Rate remains unchanged at 7pc

Growth in FY21 is now projected to be higher than previously anticipated due to improved prospects for manufacturing and reflecting in part the monetary and fiscal stimulus provided during Covid.
Looking ahead, as the temporary increase in inflation from administered prices wanes, inflation should fall to the 5-7 percent target range over the medium-term.

Updated 19 Mar, 2021 05:21pm

Markets

Asia markets retreat as rate fears trump recovery optimism

National Australia Bank's Rodrigo Catril said there were also concerns about rising tensions between the US and major producer Russia.

Published 19 Mar, 2021 09:40am

BR Research

Currency diaries

The appreciation of PKR against USD has continued for the past few weeks (since the start of Feb 21). Prior to that...

Published 19 Mar, 2021 07:25am

Opinion

Market feels like ‘coiled spring’ after Fed

Investors are closely watching how fast US Treasury yields may rise after a key US Federal Reserve meeting where the...

Published 19 Mar, 2021 05:32am

BR Research

MPS: Hawks at bay

The monetary policy announcement is tomorrow. Considering the SBP’s forward guidance in the previous policy ...

Published 18 Mar, 2021 07:25am

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

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jun 27 Premier Insurance Limited(PINL)	4.34 ▲ 0.59 (15.73%)
Nazir Cotton Mills / Jun 27 Nazir Cotton Mills Limited(NCML)	5.59 ▲ 0.57 (11.35%)
Pak Gen.Ins. / Jun 27 The Pakistan General Insurance Co. Ltd.(PKGI)	9.98 ▲ 1.00 (11.14%)
K-Electric Ltd. / Jun 27 K-Electric Limited(KEL)	3.12 ▲ 0.26 (9.09%)
P.I.A.C.(A) / Jun 27 Pakistan International Airlines Corp(PIAA)	3.63 ▲ 0.29 (8.68%)
Sec. Inv. Bank / Jun 27 Security Investment Bank Limited(SIBL)	5.95 ▲ 0.45 (8.18%)
Bankislami Pak. / Jun 27 BankIslami Pakistan Limited(BIPL)	11.73 ▲ 0.86 (7.91%)
786 Invest Ltd / Jun 27 786 Investments Limited(786)	5.38 ▲ 0.39 (7.82%)
Leather Up Ltd. / Jun 27 Leather Up Limited(LEUL)	13.35 ▲ 0.95 (7.66%)
JS Bank Ltd / Jun 27 JS Bank Limited(JSBL)	4.00 ▲ 0.28 (7.53%)

Stock	Price
Oilboy Engergy (R) / Jun 27 Oilboy Engergy Limited (R)(OBOYR1)	0.65 ▲ -0.52 (-44.44%)
Jubilee Spinning / Jun 27 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.20 ▲ -0.85 (-20.99%)
Kohinoor Power / Jun 27 Kohinoor Power Company Limited(KOHP)	3.41 ▲ -0.52 (-13.23%)
Power Cem(Pref) / Jun 27 Power Cement (Pref)(POWERPS)	6.51 ▲ -0.99 (-13.20%)
Sitara Energy / Jun 27 Sitara Energy Limited(SEL)	9.10 ▲ -1.00 (-9.90%)
Elite Cap.Mod / Jun 27 First Elite Capital Modaraba(FECM)	3.17 ▲ -0.33 (-9.43%)
First IBL Mod. / Jun 27 First IBL Modaraba(FIBLM)	4.10 ▲ -0.40 (-8.89%)
Tri-Star Power / Jun 27 Tri-Star Power Limited(TSPL)	3.45 ▲ -0.33 (-8.73%)
Quetta Textile / Jun 27 Quetta Textile Mills Limited(QUET)	7.39 ▲ -0.61 (-7.63%)
Metro Steel / Jun 27 Metropolitan Steel Corporation Limited(MSCL)	23.11 ▲ -1.87 (-7.49%)

Stock	Volume
K-Electric Ltd. / Jun 27 K-Electric Limited(KEL)	29,612,000 ▼ 0.00
Treet Corp / Jun 27 Treet Corporation Limited(TREET)	19,925,500 ▼ 0.00
Pak Refinery / Jun 27 Pakistan Refinery Limited(PRL)	11,634,090 ▼ 0.00
TPL Properties / Jun 27 TPL Properties Limited(TPLP)	11,504,099 ▼ 0.00
Cnergyico PK / Jun 27 Cnergyico PK Limited(CNERGY)	11,010,799 ▼ 0.00
WorldCall Telecom / Jun 27 Worldcall Telecom Limited(WTL)	8,949,000 ▼ 0.00
Maple Leaf / Jun 27 Maple Leaf Cement Factory Limited(MLCF)	7,027,769 ▼ 0.00
Telecard Limited / Jun 27 Telecard Limited(TELE)	6,298,000 ▼ 0.00
Oilboy Engergy (R) / Jun 27 Oilboy Engergy Limited (R)(OBOYR1)	6,064,000 ▼ 0.00
Unity Foods Ltd / Jun 27 Unity Foods Limited(UNITY)	5,746,295 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 24	207.70
USD PKR Interbank Buying / Jun 24	207.50
USD to Japanese Yen / Jun 24	135.23
USD to Swiss Franc / Jun 24	0.96
Pound Sterling to USD / Jun 24	1.23
Euro to USD / Jun 24	1.06
UK LIBOR % / Jun 24	1.57

Stock	Volume
S&P 500 / Jun 24	3911.74
India Sensex / Jun 24	52727.98
Tokyo Nikkei / Jun 24	26491.97
Nasdaq / Jun 24	11607.62
Hang Seng / Jun 24	21719.06
FTSE 100 / Jun 24	7208.81
Dow Jones / Jun 24	31500.68
Germany DAX 30 / Jun 24	13118.13
France CAC40 / Jun 24	6073.35

Item	Value
Crude Oil USD/Barrel / Jun 24	107.62
Karachi Cotton PKR/37.32 KG / Jun 24	21180.00
Gold 10 Grams PKR / Jun 24	122300.00
Gold Spot USD/Ounce / Jun 24	1826.88
Cotton US¢/pound / Jun 24	98.05

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