Trends - Jerome Powell - Business Recorder

Jerome Powell

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

Powell sees ‘strengthening’ US recovery but struggle continues

WASHINGTON: The US recovery from the Covid-19 pandemic "looks to be strengthening," Federal Reserve Chair Jerome...

Published 24 Mar, 2021 05:10am

Markets

Gold prices little changed in Asia

SINGAPORE: Gold prices were little changed in Asian trade on Tuesday as investors awaited comments on US economic...

Published 24 Mar, 2021 05:10am

Markets

Gold slips in European trade

ROTTERDAM/LONDON: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields,...

Published 24 Mar, 2021 05:10am

Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...

Published 24 Mar, 2021 05:10am

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

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

Markets

US MIDDAY: Gold slips

NEW YORK: Gold prices dropped on Thursday as a surge in US bond yields and a firmer dollar hammered bullion’s...

Published 19 Mar, 2021 05:32am

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

Markets

Australia, NZ dollars tread water ahead of Fed meeting

On Wednesday, Assistant Governor Chris Kent reiterated the RBA's lower-for-longer rate view while signalling monetary policy will not be used to control asset price gains.

Published 17 Mar, 2021 11:22am

‘Markets be damned!’: Fed standing firm on inflation fears

WASHINGTON: Skittish investors have see-sawed between celebration about the expected US economic recovery and...

Published 15 Mar, 2021 05:22am

Business & Finance

'Markets be damned!': Fed standing firm on inflation fears

The critical question is how high "and for how long," she said.

Published 14 Mar, 2021 11:09am

Business & Finance

US consumer prices rise; underlying inflation muted for now

WASHINGTON: US consumer prices increased solidly in February, with households paying more for gasoline, but...

Published 11 Mar, 2021 05:25am

Markets

Gold holds near 9-month low in Europe

MILAN/LONDON: Gold fell to its lowest in nine months on Friday after better-than-expected US employment data...

Published 06 Mar, 2021 05:01am

Business & Finance

Dollar gains across the board in Europe

LONDON: The dollar rose to multi-month highs against the euro, yen and Swiss franc on Friday after Federal Reserve...

Published 06 Mar, 2021 05:01am

Markets

Nickel collapse triggers slide across industrial metals

LONDON: Industrial metals fell on Thursday as a collapse in nickel prices and a jittery mood among investors on ...

Published 05 Mar, 2021 05:17am

Markets

Gold prices move up in Asia

SINGAPORE: Gold prices rose in Asian trade on Thursday, rebounding from a near nine-month low hit in the previous...

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

Dollar stays up in Europe

LONDON: The dollar held gains against a basket of its peers on Thursday as a more orderly rise in US Treasury yields...

Updated 05 Mar, 2021 09:37am

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

South Africa's rand edges up, focus on Powell's speech

With a light local data calendar this week, the rand's movements have been mainly driven by offshore events.
Policymakers are generally keeping to the sidelines but markets will be intrigued by comments from the Fed chairman at the WSJ webinar tonight.

Updated 04 Mar, 2021 09:53pm

Markets

Nikkei reclaims 30,000-mark

TOKYO: Japan’s Nikkei index closed above the 30,000-mark on Thursday after Federal Reserve Chair Jerome Powell...

Published 26 Feb, 2021 05:20am

Business & Finance

Powell says economy still needs Fed support, pushes back on inflation worries

“Monetary policy is accommodative and it continues to need to be accommodative ... Expect us to move carefully, patiently, and with a lot of advance warning,” before any changes, Powell said in response to questions from Republican lawmakers about whether a faster-than-expected recovery still required crisis-level assistance.

Published 24 Feb, 2021 10:15am

Markets

Australian shares up, NZ down

SYDNEY/WELLINGTON: Australian shares closed nearly 1% firmer on Tuesday, as strength in commodities boosted market...

Published 24 Feb, 2021 05:24am

Business & Finance

Powell downplays inflation fears, pledges to keep rates low

WASHINGTON: Federal Reserve Chairman Jerome Powell attempted to tamp down rising inflation concerns, and again on...

Updated 24 Feb, 2021 09:39am

Business & Finance

Dollar springs back in Europe

LONDON: The dollar rebounded off six-week lows on Tuesday as investors’ focus shifted to how US Federal Reserve...

Updated 24 Feb, 2021 09:38am

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

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

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

Euro falls in Europe

LONDON: The euro fell on Wednesday, under pressure after a European Central Bank official said the bank was...

Published 28 Jan, 2021 04:40am

Gainers
Losers
Leaders

Stock	Price
Sindh Modaraba / Jun 29 Sindh Modaraba(SINDM)	8.27 ▲ 0.97 (13.29%)
F.Treet Manuf / Jun 29 First Treet Manufacturing Modaraba(FTMM)	10.50 ▲ 0.77 (7.91%)
AEL Textile / Jun 29 AEL Textile Limited(AEL)	15.05 ▲ 1.05 (7.50%)
K.S.B.Pumps / Jun 29 KSB Pumps Company Limited(KSBP)	114.43 ▲ 7.98 (7.50%)
Sanofi-Aventis / Jun 29 Sanofi-Aventis Pakistan Limited(SAPL)	924.50 ▲ 64.50 (7.50%)
Shahtaj Textile / Jun 29 Shahtaj Textile Limited(STJT)	94.77 ▲ 6.61 (7.50%)
Shams Textile / Jun 29 Shams Textile Mills Limited(STML)	46.20 ▲ 3.21 (7.47%)
Zahid Jee Tex. / Jun 29 Zahidjee Textile Mills Limited(ZAHID)	22.73 ▲ 1.58 (7.47%)
Bata (Pak) / Jun 29 Bata Pakistan Limited(BATA)	2290.00 ▲ 157.10 (7.37%)
Shahtaj Sugar / Jun 29 Shahtaj Sugar Mills Limited(SHJS)	53.00 ▲ 3.50 (7.07%)

Stock	Price
Oilboy Engergy (R) / Jun 29 Oilboy Engergy Limited (R)(OBOYR1)	0.06 ▲ -0.53 (-89.83%)
Cordoba Logistics / Jun 29 Cordoba Logistics & Ventures Limited(CLVL)	11.50 ▲ -3.12 (-21.34%)
Hira Textile / Jun 29 Hira Textile Mills Limited(HIRAT)	2.25 ▲ -0.41 (-15.41%)
Punjab Mod / Jun 29 First Punjab Modaraba(FPJM)	1.63 ▲ -0.29 (-15.10%)
Unicap Modaraba / Jun 29 Unicap Modaraba(UCAPM)	1.69 ▲ -0.29 (-14.65%)
PICIC Ins.Ltd. / Jun 29 PICIC Insurance Limited(PIL)	0.80 ▲ -0.11 (-12.09%)
Prud Mod.1st / Jun 29 First Prudential Modaraba(PMI)	1.56 ▲ -0.19 (-10.86%)
Ashfaq Textile / Jun 29 Ashfaq Textile Mills Limited(ASHT)	8.00 ▲ -0.95 (-10.61%)
Nazir Cotton Mills / Jun 29 Nazir Cotton Mills Limited(NCML)	5.00 ▲ -0.59 (-10.55%)
Bilal Fibres / Jun 29 Bilal Fibres Limited(BILF)	2.05 ▲ -0.22 (-9.69%)

Stock	Volume
K-Electric Ltd. / Jun 29 K-Electric Limited(KEL)	27,400,000 ▼ 0.00
Oilboy Engergy (R) / Jun 29 Oilboy Engergy Limited (R)(OBOYR1)	22,800,500 ▼ 0.00
WorldCall Telecom / Jun 29 Worldcall Telecom Limited(WTL)	16,981,500 ▼ 0.00
Unity Foods Ltd / Jun 29 Unity Foods Limited(UNITY)	16,568,997 ▼ 0.00
Cnergyico PK / Jun 29 Cnergyico PK Limited(CNERGY)	9,642,756 ▼ 0.00
Pak Refinery / Jun 29 Pakistan Refinery Limited(PRL)	9,086,182 ▼ 0.00
Hum Network / Jun 29 Hum Network Limited(HUMNL)	7,028,500 ▼ 0.00
G3 Technologies / Jun 29 G3 Technologies Limited(GTECH)	6,527,500 ▼ 0.00
TPL Corp Ltd / Jun 29 TPL Corp Limited(TPL)	5,864,000 ▼ 0.00
TPL Properties / Jun 29 TPL Properties Limited(TPLP)	5,792,481 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 27	207.50
USD PKR Interbank Buying / Jun 27	207.30
USD to Japanese Yen / Jun 27	135.25
USD to Swiss Franc / Jun 27	0.96
Pound Sterling to USD / Jun 27	1.23
Euro to USD / Jun 27	1.06
UK LIBOR % / Jun 27	1.58

Stock	Volume
S&P 500 / Jun 27	3900.11
India Sensex / Jun 27	53161.28
Tokyo Nikkei / Jun 27	26856.89
Nasdaq / Jun 27	11524.55
Hang Seng / Jun 27	22049.42
FTSE 100 / Jun 27	7258.32
Dow Jones / Jun 27	31438.26
Germany DAX 30 / Jun 27	13186.07
France CAC40 / Jun 27	6047.31

Item	Value
Crude Oil USD/Barrel / Jun 27	110.74
Karachi Cotton PKR/37.32 KG / Jun 27	18980.00
Gold 10 Grams PKR / Jun 27	122200.00
Gold Spot USD/Ounce / Jun 27	1823.38
Cotton US¢/pound / Jun 27	94.02

Jerome Powell

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