Trends - inflation - Business Recorder

inflation

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

Business & Finance

Higher gasoline prices fuel Canada inflation

The costs of food, passenger vehicles and household appliances such as stoves and refrigerators were also up.

Published 17 Mar, 2021 09:24pm

Business & Finance

German inflation could top 2pc, first time since 2012: experts

The rise in 2021 would see Europe's biggest economy surpass the ECB inflation target of just under 2.0 percent.

Published 17 Mar, 2021 05:23pm

Markets

London’s FTSE 100 moves higher

LONDON: London’s FTSE 100 inched higher on Tuesday, as a weaker pound boosted shares of exporters and a set of...

Published 17 Mar, 2021 04:45am

World

Nigerian inflation, unemployment jump

Year-on-year inflation was 17.33 percent in February after 16.47 percent in January.

Published 16 Mar, 2021 05:10pm

Markets

Nigerian inflation hits 4-year high in February

The government is exploring ways to reduce transportation costs, which it says are contributing to a jump in food costs.

Published 16 Mar, 2021 01:21pm

Markets

Argentina's Guzman says inflation rate to slow as peso depreciation moderates

He said that his previously disclosed goal of having a new IMF deal by May was not a hard target. "I said that May is acceptable, but it does not mean that May has to be the date," he added.

Published 16 Mar, 2021 12:29pm

Business & Finance

Rising food, POL rate in intl markets escalating Pakistan's inflation rate, says expert

“If you look at the petroleum products in December receiving oil at $40 per barrel which now stands at $70 per barrel,” he said. The rise in rates of food and petroleum production ports in the international market have affected the domestic market, said Suleri.

Published 16 Mar, 2021 12:14pm

Markets

Australian bond futures slide

SYDNEY: Australian three-year bond futures dipped to a one-week low on Monday, implying yields of nearly 0.3%, as...

Published 16 Mar, 2021 04:43am

Opinion

Rising inflation

Various price indices have risen exponentially in recent weeks. This trend is best revealed by the movement of the...

Published 16 Mar, 2021 04:43am

Markets

Expanded position limits for CBOT grains point to volatility

CHICAGO: Expanded speculative position limits for agricultural futures scheduled to go into effect on Monday could...

Published 16 Mar, 2021 04:43am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 13	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 13 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 13 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 13 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 13 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 13 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 13 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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