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JPMorgan

As US bond yields march higher, when should stock investors get worried?

When the equity risk premium historically has been at the level it was on Tuesday, the S&P 500 has beaten the one-year return for the 10-year Treasury note by an average of 3.5%, according to Lerner.

Published 18 Feb, 2021 11:23am

Business & Finance

Bitcoin hits new record high

LONDON: Bitcoin charged to a record high on Wednesday, a day after the cryptocurrency vaulted the $50,000 hurdle,...

Updated 18 Feb, 2021 09:27am

Markets

Bitcoin hits highs even as analysts warn on 'mainstream moment'

Bitcoin hits record $51,721.
Prices unsustainable without lower volatility –JPMorgan.
Not a "mainstream moment" –UBS.

Published 17 Feb, 2021 08:56pm

Business & Finance

JPMorgan says will include three Serbia's dinar bonds in GBI-EM index family

In a note the JPMorgan said that three bonds "are eligible for inclusion into the index as they meet the index liquidity.
It also said liquidity in Serbia's government bonds had "seen improvement" and had "returned to pre-pandemic levels".

Published 11 Feb, 2021 09:00pm

Business & Finance

Top UAE bank FAB starts selling debut bonds in euros

It tightened by 20 bps from initial price guidance after receiving more than 1.45 billion euros.
Barclays, First Abu Dhabi Bank, JPMorgan , Societe Generale and Standard Chartered are arranging the debt sale, expected to launch later on Tuesday.

Published 09 Feb, 2021 05:42pm

Markets

Remote working high on list of traders' challenges, boosts e-trading: JPMorgan

The COVID-19 pandemic boosted electronic trading in bond markets last year, according to traders and investors.

Published 09 Feb, 2021 11:23am

Markets

Egypt expects to sell around $3 billion in three-tranche bonds

It tightened price guidance to 4.125% to 4.25% for a five-year tranche, around 6.125% for 10-year bonds and around 7.75% for 40-year notes, the document showed. Demand skewed to the longer tranches.
It had given initial price guidance of 4.25% to 4.375% for the five-year tranche, around 6.25% for the 10-year bonds and around 7.875% for the 40-year notes.

Published 08 Feb, 2021 08:12pm

Markets

UAE's largest bank FAB to tap euro bond market with debut deal

FAB hired Barclays, First Abu Dhabi Bank, JPMorgan, Societe Generale and Standard Chartered, the document from one of the banks showed.

Published 08 Feb, 2021 06:01pm

Business & Finance

EM currencies on the mend as search for high yields returns

JOHANNESBURG/BENGALURU: Most emerging-market currencies, which recently had a rough ride because of the dollar’s...

Updated 08 Feb, 2021 09:24am

Business & Finance

Ethereum hits record high

LONDON: Ethereum hit all-time highs on Wednesday, breaking above $1,500, as traders bought the cryptocurrency ahead...

Published 04 Feb, 2021 04:13am

Markets

Alibaba plans up to $5bn US-dollar bond issuance -term sheet

The latest offering will have various maturities up to 40 years, the term sheet showed, adding it is expected to include a tranche of sustainability notes due in 2041.

Published 03 Feb, 2021 10:39am

Markets

Hong Kong court finds former JPMorgan top banker not guilty of bribery

Leung's barrister, however, argued Leung had played a fairly minor role in the hiring and had relied on the bank's human resource processes.

Published 01 Feb, 2021 10:27am

World

Wells Fargo CEO Scharf’s pay drops nearly 12pc in 2020

NEW YORK: Wells Fargo & Co Chief Executive Officer Charles Scharf’s annual pay fell by about $3 million, or...

Updated 31 Jan, 2021 10:27am

Business & Finance

JPMorgan to join British online banking chase within months

The new digital bank will also be competing with start-ups such as Starling and Monzo, which have made some headway in grabbing market share from Britain's four largest banks.
It launched a smartphone bank called Finn in its home market in 2017, but shut it down a year after its nationwide debut.

Updated 27 Jan, 2021 11:31pm

Markets

Mexico peso hits 2-wk low after president tests positive for COVID-19

Along with the dollar gaining momentum, sluggish crude markets weighed on commodity-reliant currencies, with Colombia's peso dropping up to 2.2% to a near two-month low.

Published 26 Jan, 2021 12:35am

Markets

Wall Street up as Yellen backs more stimulus

NEW YORK: Wall Street’s main indexes rose on Tuesday as US Treasury Secretary nominee Janet Yellen advocated for a...

Published 21 Jan, 2021 04:23am

Markets

Wall St closes higher as Yellen backs more stimulus

Tesla Inc shares rose after Jefferies raised its earnings estimates ahead of the electric-car maker's fourth-quarter results next week.

Published 20 Jan, 2021 10:15am

Business & Finance

Under govt pressure, big US lenders rush to launch more pandemic loans

WASHINGTON: The US government is pressuring large lenders to go live this week with another round of a key federal...

Published 20 Jan, 2021 04:29am

Markets

Turkish Treasury mandates banks for dollar eurobond issue

IFR said the pricing of the 5-year tranche was in the 5.25% area and pricing of the 10-year tranche was in the 6.25% area.
The two issues will be finalised with the 5-year around 5% and the 10-year around 6%. With high demand, its possible they may be a bit lower.

Published 19 Jan, 2021 08:00pm

Business & Finance

Bahrain hires banks for multi-tranche dollar bonds

An issuance comprising benchmark tranches of seven years, 12 years and/or 30 years will follow.

Published 19 Jan, 2021 02:45pm

Markets

Asia shares look to China for recovery lead, earnings in focus

The Canadian dollar eased to $1.2731 on reports Biden would cancel a permit for the Keystone XL pipeline as one of his first acts in office.

Published 19 Jan, 2021 11:05am

Business & Finance

Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO

Analysts said a listing of specialities business would be in line with the company's plan to restructure its business into strategic business units.

Published 18 Jan, 2021 02:15pm

Markets

Saudi's NCB looks to bolster Tier 1 with dollar sukuk

A benchmark issuance of Tier 1 sukuk, or Islamic bonds, will follow subject to market conditions, according to a document from one of the banks on the deal.

Published 17 Jan, 2021 12:02pm

Markets

Sustainable bond sales, equity-raising at record highs in 2020

Sustainable finance still comprises a tiny fraction of the market. Financial information provider Refinitiv estimates sustainable loans and bonds together amounted to just under $750 billion in 2020.

Published 15 Jan, 2021 07:58pm

Markets

Oman back to debt markets with $3.25bn multi-tranche bond

Oman, rated below investment grade by all major credit ratings agencies, has piled up debt at breakneck speed over the past few years to offset a decline in oil prices and cover widening deficits.
The 10-year paper was sold at 6.25% and the 30-year at 7.25%, while the 2025 bond tap offered a 4.45% rate.

Published 14 Jan, 2021 09:46pm

Markets

Dealmaking edges European stocks higher as long lockdown looms

Its stock led gains in Paris' CAC 40, while shares in French rival Casino rose 3.9pc.

Published 14 Jan, 2021 12:12am

Markets

China stocks rebound, Hong Kong hovers near 1-year high

The smaller Shenzhen index was up 0.74%, the start-up board ChiNext Composite index was higher by 1.14% and Shanghai's tech-focused STAR50 index was up 0.6%?.

Published 12 Jan, 2021 12:42pm

Markets

Wall St ends lower with Washington turmoil, earnings in view

"After last week the market is in a little bit of a digestion phase. Underneath the surface what you're seeing continue is the reflation trade," said Lerner.

Published 12 Jan, 2021 02:52am

Markets

Euro zone bond yields dip, market torn between COVID-19 caution and reflation

The expectation of further fiscal stimulus in the US following the run-off elections result in Georgia, the removal of tail risk with a Brexit deal.
Germany's 10-year Bund yield was down 1 bps at -0.53% , off Friday's five-week highs at -0.51%.

Published 11 Jan, 2021 06:38pm

Markets

JPMorgan fund tops 2020 global macro rankings-SharingAlpha

The pandemic had resulted in "exponential growth" in the use of the platform to search for funds, Kaplan told Reuters.

Published 06 Jan, 2021 12:04pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 29	209105
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

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

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