Trends - JPMorgan - Business Recorder

JPMorgan

Frontier markets an unlikely haven as storms sweep local bonds

LONDON: Investors in emerging market local currency bonds finding economies such as Russia and Turkey too volatile...

Published 26 Apr, 2021 03:29am

Opinion

US banks’ bond bonanza driven by extraordinary market conditions

Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary...

Published 22 Apr, 2021 03:55am

Sports

Super League ‘spit in the face’ opens unprecedented conflict in European football

PARIS: Plans for a breakaway Super League announced by twelve of European football’s most powerful clubs plunged...

Updated 20 Apr, 2021 10:10am

Markets

US indexes mixed; Coinbase soars on Nasdaq listing

NEW YORK: Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite...

Published 16 Apr, 2021 03:40am

Markets

Wednesday’s early trade: Stocks up as big banks kick off earnings season

NEW YORK: US stock indexes rose on Wednesday after upbeat earnings reports from Goldman Sachs and JPMorgan boosted...

Published 15 Apr, 2021 03:22am

Business & Finance

US banks ride strengthening economy to blowout Q1 profits

NEW YORK: Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic...

Updated 15 Apr, 2021 10:07am

Markets

S&P, Dow Jones end lower

NEW YORK: The S&P 500 and Dow Jones industrial average ended lower on Monday, with investors waiting for cues...

Published 14 Apr, 2021 03:21am

Markets

British mid-caps jump

LONDON: British mid-caps ended higher on Tuesday and hovered near record levels as data showed the country’s...

Published 14 Apr, 2021 03:21am

Markets

JPMorgan trims exposure to Russian local bonds, rouble on Ukraine tensions

The bank said it still expected risks to fade through the course of the year as economically damaging measures by the US administration would be unlikely and Russian assets were taking on excess risk premium to reflect that.
While we still hold this base case, morphing risks recently suggest that the overhang could last longer than we originally expected, giving no clear window for a structural repricing of Russian assets.

Published 09 Apr, 2021 08:33pm

Markets

S&P slightly up

NEW YORK: Major averages hovered near unchanged on Wednesday, with the S&P 500 closing up slightly after the...

Published 09 Apr, 2021 04:51am

Markets

Oil prices fall as Suez Canal opens

NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied. Focus in the...

Published 31 Mar, 2021 05:42am

Govt launches 3-tranche bond deal to raise $2.5bn

DUBAI: Pakistan launched a three-tranche bond deal on Tuesday to raise $2.5 billion comprising tranches of five, 10...

Published 31 Mar, 2021 05:42am

Markets

Saudi mall operator Arabian Centres sells $650mn in sukuk

The yield was tightened from initial guidance of around 5.875% after orders topped $1.35 billion, the document from one of the banks on the deal showed.
Sources told Reuters earlier this month that Arabian Centres, which operates 21 shopping centres across Saudi Arabia, was planning to raise $500 million via sukuk.

Published 30 Mar, 2021 09:01pm

Markets

China bonds set to draw billions of dollars after final FTSE WGBI nod

China's debt is already increasingly popular with global investors, attracted by its yield and its relative insulation from movements in other bond markets.

Published 30 Mar, 2021 11:32am

Markets

Pakistan gives initial guidance for three-tranche dollar bonds

Each tranche will be of benchmark size, which generally means at least $500 million.

Published 30 Mar, 2021 11:05am

Markets

Global shares slide after hedge fund's default

MSCI's all-country world index fell 0.17pc while Europe's broad FTSEurofirst 300 index added 0.19pc to close at 1,647.63.

Published 30 Mar, 2021 01:13am

Business & Finance

Egypt's relisting on JP Morgan bond index could attract $4.8bn

Egypt, which was removed from the index in the aftermath of a 2011 uprising, has been working for more than two years to be relisted. It is expected to be included in the second half of 2021.
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index, Mandimika said.

Published 29 Mar, 2021 06:50pm

Pakistan hires banks for three-tranche dollar bond sale

DUBAI: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US...

Published 26 Mar, 2021 05:22am

CEOs warn NY tax hikes could derail Big Apple recovery

NEW YORK: Top New York business leaders on Tuesday urged state leaders to drop proposed state tax increases, arguing...

Published 24 Mar, 2021 05:10am

World

Canadian Pacific-Kansas City Southern rail deal may boost price competition

"This is by default negative for the other railroads, including Canadian National which faces a longer haul competitor into the Gulf Coast and Midwest," J.P.Morgan analyst Brian Ossenbeck said in a research note.
Shares of Canadian Pacific fell about 3%, while those of rivals Canadian National and Union Pacific dropped 2% and 3%, respectively.

Published 22 Mar, 2021 08:26pm

Business & Finance

JPMorgan Asset Management to invest in China bank's wealth mgt unit

JPMorgan would take a 10 percent stake in CMB Wealth Management as a strategic investor while the Shenzhen-based lender will retain a 90 percent stake, it said in a filing with the Shanghai stock exchange.
The investment would deepen the cooperation between the bank and the strategic investor and is good for CMB Wealth Management to enhance its internal governance.

Published 19 Mar, 2021 07:04pm

Markets

Illuminate Financial secures JPMorgan, Barclays backing for new fund

The coronavirus pandemic has accelerated their use of technologies such as cloud and AI, as more of customers have needed to access their services remotely, and employees have been working from home.

Published 17 Mar, 2021 01:08pm

Markets

Oil steadies near $70 on hopes of recovering demand

• US crude output to grow this year: JP Morgan says • OPEC sees stronger oil demand recovery in second half ...

Published 13 Mar, 2021 04:28am

Markets

Bank Muscat sells $500mn in 5-year bonds

It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed.

Published 11 Mar, 2021 12:06pm

Business & Finance

Turkish lira slides

ISTANBUL: Turkey’s lira skidded nearly 2.3% on Monday and has fallen in 10 of the last 11 sessions as domestic...

Updated 09 Mar, 2021 09:36am

Markets

Turkish lira on two-week slide that tests central bank's will

Wall Street banks Citigroup and JPMorgan were the latest to predict Turkey would raise interest rates next week to stabilize the currency and address inflation, which rose above 15% last month.
Citi and JPMorgan said they expect a tightening of 50-100 basis points and 100 basis points respectively.

Updated 08 Mar, 2021 10:17pm

Perspectives

Will Crypto shape the future of global economies?

Governments, Education Institutes, Banks and Celebrated Influencers are all jumping in, accepting and utilizing...

Updated 02 Mar, 2021 10:38pm

Markets

Qatar's Commercial Bank expected to sell $500 million AT1 bonds, sources say

It gave initial price guidance of around 4.75% for the bonds, which are expected to launch later on Wednesday, said the sources, who declined to be identified as they are not authorised to speak to media.

Published 24 Feb, 2021 01:33pm

Markets

Qatar's Commercial Bank hires banks for AT1 bonds

An unrated benchmark issuance may follow, subject to market conditions.

Published 22 Feb, 2021 11:53am

Business & Finance

Bitcoin is ‘economic side show’ and poor hedge against stocks: JP Morgan

TOKYO: Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP...

Updated 22 Feb, 2021 09:57am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	305.65
USD PKR Interbank Buying / Jan 1	305.45
USD to Japanese Yen / Jan 1	146.22
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.26
Euro to USD / Jan 1	1.08

Stock	Volume
S&P 500 / Jan 1	4515.77
India Sensex / Jan 1	65387.16
Tokyo Nikkei / Jan 1	32710.62
Nasdaq / Jan 1	14031.82
Hang Seng / Jan 1	18382.06
FTSE 100 / Jan 1	7464.54
Dow Jones / Jan 1	34837.71
Germany DAX 30 / Jan 1	15840.34

Item	Value
Crude Oil USD/Barrel / Jan 1	85.55
Karachi Cotton PKR/37.32 KG / Jan 1	20335
Gold 10 Grams PKR / Jan 1	205590
Gold Spot USD/Ounce / Jan 1	1940.06

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

JPMorgan

Most Popular