Trends - Jerome Powell - Business Recorder

Jerome Powell

Fed closes in on November bond taper after jobs report

NEW YORK: The Federal Reserve may move to begin reducing its support for the economy next month despite a sharp...

Published 09 Oct, 2021 04:10am

Business & Finance

Dollar lifted by higher Treasury yields

NEW YORK/LONDON: The US dollar gained for a second straight session on Monday, bolstered by the rise in Treasury...

Published 28 Sep, 2021 05:12am

Opinion

Fed’s bond-buying programme may be on the way out, but it’s not going far

The Federal Reserve will start to shutter its pandemic-era bond-buying program later this year, leaving the US...

Published 25 Sep, 2021 04:59am

Markets

US yields rise on potential higher rates in 2022

The yield on 10-year Treasury notes was up 3.7 basis points to 1.447% in early trade, up from the closing yield of 1.304% on Wednesday

Published 24 Sep, 2021 07:37pm

Markets

Investors look ahead to rate hikes with Fed tapering plan all but certain

Stocks held onto their gains after the Fed's statement, with the S&P 500 closing up nearly 1%

Published 23 Sep, 2021 12:10pm

Markets

Fed may hint at ending stimulus, but no big moves expected

The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December

Published 22 Sep, 2021 10:14am

Officials’ trading: Powell orders sweeping ethics review

WASHINGTON: Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing ...

Updated 17 Sep, 2021 09:18am

Opinion

Investors betting on ‘stable’ choice of Powell renomination at Fed

A potential renomination of Jerome Powell at the helm of the US Federal Reserve would provide a needed sense of...

Published 11 Sep, 2021 03:36am

Markets

U.S. yields rise for a second day as auctions eyed

NEW YORK: U.S. government bond yields rose for a second straight day on Tuesday, building on Friday's climb in the...

Published 08 Sep, 2021 01:27am

Business & Finance

Dollar weakens after US payrolls miss

NEW YORK: The dollar weakened further against a basket of major currencies on Friday after a much softer than...

Published 04 Sep, 2021 06:04am

Markets

Gold climbs as US jobs miss clouds Fed taper timeline

NEW YORK: Gold advanced 1% to its highest in a month on Friday, as a surprise slowdown in US jobs growth in August...

Published 04 Sep, 2021 06:04am

Markets

Gold firms in Europe

AMSTERDAM/ LONDON: Gold prices inched up on Thursday as the dollar remained weak, although they traded within a ...

Published 03 Sep, 2021 04:58am

Business & Finance

Dollar falls to more than 3-week low

NEW YORK: The dollar hit its lowest level in more than three-weeks against a basket of currencies on Tuesday, as...

Published 01 Sep, 2021 03:59am

Business & Finance

Dollar weakness pushes sterling to two-week high

LONDON: The pound extended gains on Tuesday to a two-week high against the dollar, which weakened after US Federal...

Published 01 Sep, 2021 03:59am

Markets

Shanghai aluminium touches 13-year high on supply worries

SHANGHAI: Shanghai aluminium prices climbed on Monday to their highest in more than 13 years on supply worries in...

Published 31 Aug, 2021 04:03am

Markets

Gold pulls back as dollar strengthens, caution sets in

Spot gold fell 0.4pc to $1,808.67 per ounce by 1:33 p.m. EDT (1733 GMT) after touching its highest level since Aug. 4. U.S. gold futures settled down 0.4pc at $1,812.2

Published 30 Aug, 2021 10:57pm

Markets

Most Asian currencies firm as waning taper fears pressure US dollar

South Korea's won rose as much as 0.6%, while Malaysian ringgit touched a near 2-month top as the dollar kept near two-week lows after Powell indicated on Friday there was no rush to tighten monetary policy

Published 30 Aug, 2021 10:21am

Business & Finance

Yields slip after Powell shows no hurry for bond taper

NEW YORK: US Treasury yields fell on Friday after Federal Reserve Chair Jerome Powell gave no new hints on when the...

Published 30 Aug, 2021 06:33am

Markets

Asian markets mostly rise as Fed's Powell takes centre stage

HONG KONG: Asian markets mostly rose Friday ahead of a much-anticipated speech by Federal Reserve chief Jerome ...

Published 30 Aug, 2021 06:33am

Fed chief signals US economy may be ready for less stimulus by year end

WASHINGTON: The US economy and labor market have healed to the point that the central bank could begin to withdraw...

Published 29 Aug, 2021 04:02am

Opinion

Powell’s wait-and-see speech reassures some investors

US Fed Chair Jerome Powell’s wait-and-see approach in a much-anticipated address on Friday gave investors and...

Published 29 Aug, 2021 03:08am

Bond-buying taper: Powell holds fast to ‘this year’ timeline

WASHINGTON: Federal Reserve Chair Jerome Powell, in a speech that affirmed an ongoing US economic recovery and...

Published 28 Aug, 2021 04:48am

Markets

Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Brent futures rose $1.63, or 2.3pc, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.32, or 2.0pc, to settle at $68.74

Published 28 Aug, 2021 02:06am

Markets

S&P 500, Nasdaq nab all-time closing highs as Powell soothes taper fears

"I see two things happening," said Mike Zigmont, head of research and trading at Harvest Volatility Management in New York. "I see a reflexive dip-buying validation and I see the market embracing a dovish Fed"

Published 28 Aug, 2021 02:01am

Markets

Toronto stock index races to record close as Powell soothes sentiment

Energy stocks were supported by higher oil prices on worries about supply disruption in Gulf of Mexico as Tropical Storm Ida advanced, while gold stocks got a boost from higher bullion prices

Published 28 Aug, 2021 01:55am

Opinion

Investors see no speed bump in Fed’s Jackson Hole event

Despite weeks of anticipation, investors have lowered their expectations for Friday’s Jackson Hole event saying...

Published 27 Aug, 2021 04:52am

Markets

TSX retreats from record closing peak as bank stocks slip

The Toronto Stock Exchange's S&P/TSX composite index fell 83.17 points, or 0.4pc, to 20,504.15 points, after ending at a new closing high on Wednesday.

Updated 27 Aug, 2021 02:10am

Markets

South African rand extends gains after GDP rebasing; stocks decline

The Johannesburg Stock Exchange's All-share index closed down 0.57pc at 67,069 points and the Top-40 index lost 0.58pc to end at 60,855 points.

Published 27 Aug, 2021 12:14am

Markets

Gold pauses retreat as investors lock in on Fed's Jackson Hole event

Bullion slipped as much as 1.2pc and below the key $1,800 mark on Wednesday as a stronger dollar dented its appeal.

Published 26 Aug, 2021 11:52pm

Markets

Oil down 1pc; pandemic surge, renewed Mexico supply end rally

Brent crude was down 53 cents, or 0.7 pc, at $71.47 a barrel by 1:25 p.m. EDT (1725 GMT). U.S. West Texas Intermediate oil declined 35 cents to $68.01 a barrel, snapping a three day rally.

Published 26 Aug, 2021 11:46pm

Gainers
Losers
Leaders

Stock	Price
Dost Steel / Oct 18 Dost Steels Limited(DSL)	4.35 ▲ 0.75 (20.83%)
Crescent Star / Oct 18 Crescent Star Insurance Limited(CSIL)	2.55 ▲ 0.41 (19.16%)
Pak. P.V.C. / Oct 18 Pakistan PVC Limited(PPVC)	5.80 ▲ 0.49 (9.23%)
Landmark Sp. / Oct 18 Landmark Spinning Industries Limited(LMSM)	13.99 ▲ 0.99 (7.62%)
Pak Engg. / Oct 18 Pakistan Engineering Co Limited(PECO)	355.28 ▲ 24.78 (7.50%)
Arshad Energy / Oct 18 Arshad Energy Limited(AEL)	23.27 ▲ 1.62 (7.48%)
SME Leasing Ltd. / Oct 18 SME Leasing Limited(SLL)	3.74 ▲ 0.26 (7.47%)
Pak Synthetic / Oct 18 Pakistan Synthetics Limited(PSYL)	47.28 ▲ 3.28 (7.45%)
First Prud Mod. / Oct 18 First Prudential Modaraba(PMI)	2.19 ▲ 0.15 (7.35%)
Habib Ins. / Oct 18 Habib Insurance Company Limited(HICL)	7.60 ▲ 0.52 (7.34%)

Stock	Price
Sazgar Engg. / Oct 18 Sazgar Engineering Works Limited(SAZEW)	124.50 ▲ -26.99 (-17.82%)
Mughal Iron / Oct 18 Mughal Iron & Steel Industries Limited(MUGHAL)	79.59 ▲ -16.84 (-17.46%)
Tri-Star Power / Oct 18 Tri-Star Power Limited(TSPL)	5.00 ▲ -0.99 (-16.53%)
Citi Pharma / Oct 18 Citi Pharma Limited(CPHL)	37.75 ▲ -5.56 (-12.84%)
Nishat (Ch) / Oct 18 Nishat Chunian Limited(NCL)	43.20 ▲ -5.31 (-10.95%)
At-Tahur Ltd. / Oct 18 At-Tahur Limited(PREMA)	25.50 ▲ -3.02 (-10.59%)
HBL Inv.Fund / Oct 18 HBL Investment Fund(HIFA)	2.85 ▲ -0.25 (-8.06%)
Otsuka Pak / Oct 18 Otsuka Pakistan Limited(OTSU)	243.74 ▲ -21.26 (-8.02%)
Suraj Cotton / Oct 18 Suraj Cotton Mills Limited(SURC)	230.00 ▲ -20.00 (-8.00%)
Octopus Digital / Oct 18 Octopus Digital Limited(OCTOPUS)	71.94 ▲ -5.83 (-7.50%)

Stock	Volume
Hum Network / Oct 18 Hum Network Limited(HUMNL)	23,786,500 ▼ 0.00
Worldcall / Oct 18 Worldcall Telecom Limited(WTL)	18,984,500 ▼ 0.00
Hascol Petroleum / Oct 18 Hascol Petroleum Limited(HASCOL)	13,013,116 ▼ 0.00
Unity Foods / Oct 18 Unity Foods Limited(UNITY)	12,384,347 ▼ 0.00
Dost Steel / Oct 18 Dost Steels Limited(DSL)	9,423,500 ▼ 0.00
Service Fab. / Oct 18 Service Fabrics Limited(SERF)	8,220,000 ▼ 0.00
Bank of Punjab / Oct 18 The Bank of Punjab(BOP)	7,965,000 ▼ 0.00
Byco Petroleum / Oct 18 Byco Petroleum Pakistan Limited(BYCO)	6,882,500 ▼ 0.00
TRG Pakistan / Oct 18 TRG Pakistan Limited(TRG)	5,822,715 ▼ 0.00
Oil & Gas Dev. / Oct 18 Oil & Gas Development Company Limited(OGDC)	5,347,567 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 16	171.25
USD PKR Interbank Buying / Oct 16	171.15
USD to Japanese Yen / Oct 16	114.22
USD to Swiss Franc / Oct 16	0.92
Pound Sterling to USD / Oct 16	1.38
Euro to USD / Oct 16	1.16
UK LIBOR % / Oct 16	0.07

Stock	Volume
S&P 500 / Oct 16	4471.37
India Sensex / Oct 16	61305.95
Tokyo Nikkei / Oct 16	29068.63
Nasdaq / Oct 16	14897.34
Hang Seng / Oct 16	25330.96
FTSE 100 / Oct 16	7234.03
Dow Jones / Oct 16	35294.76
Germany DAX 30 / Oct 16	15587.36
France CAC40 / Oct 16	6727.52

Item	Value
Crude Oil / Oct 16	82.28
Karachi Cotton Assoc. / Oct 16	14280.00
Gold 10 Grams / Oct 16	98600.00
Gold Spot / Oct 16	1767.62
Cotton / Oct 16	107.33

Jerome Powell

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