Trends - Stephen Innes - Business Recorder

Stephen Innes

Yuan inches higher on dollar weakness, year-end cash demand

Foreign exchange forward curves moved upward as a result of higher demand for the yuan. Spot-next contract for dollar/yuan jumped to 70 points on Tuesday morning, the highest since late September.

Published 29 Dec, 2020 12:01pm

Markets

Japan stocks lead Asian shares higher as US stimulus fuels rally

Oil prices recovered after falling overnight because of concerns about increased supply and lower demand amid fresh COVID-19 travel restrictions around the world.

Published 29 Dec, 2020 11:46am

Markets

Asian shares rise on US stimulus fix, Nikkei hits 30-year high

Oil prices recovered a touch after falling overnight on concerns that new travel restrictions on the back of the COVID-19 pandemic would weaken fuel demand, and as the prospect of increased supply dragged on prices.

Published 29 Dec, 2020 09:40am

Markets

Oil rises towards $52 after Trump signs aid bill

Oil remains vulnerable to any further setbacks in efforts to control the virus, said Stephen Innes, chief global market strategist at Axi, in a note.

Published 28 Dec, 2020 03:10pm

Markets

European stock markets firmer on Trump, Brexit leads

Progress on the coronavirus vaccine rollout helped sentiment but concerns over the emergence of new strains, said to be more infectious, made for caution.

Published 28 Dec, 2020 03:01pm

Markets

Asian markets mostly up on US relief bill

The new strain, which experts fear is more contagious, has prompted more than 50 countries to impose travel restrictions on the UK.

Published 28 Dec, 2020 11:02am

Markets

Sterling, equities rise as Brexit talks reach endgame

Analysts said politicians were unlikely to let the agreement fall apart and there was a chance they would make improvements to it.

Published 24 Dec, 2020 09:04am

Markets

Dollar whipsaws as virus mutation rattles traders

Experts said there was no evidence that vaccines would not protect against the new virus variant, but Britain's chief scientific adviser said that in the meantime tighter restrictions on public life in Britain were likely.

Published 22 Dec, 2020 10:27am

Markets

Oil slips again as new coronavirus strain proves 'nightmare before Christmas'

US West Texas Intermediate (WTI) crude futures dropped 30 cents, or 0.6%, to $47.67 a barrel at 0156 GMT, while Brent crude futures fell 26 cents, or 0.5%, to $50.65 a barrel.

Published 22 Dec, 2020 09:57am

Markets

Gold scales 1-1/2-month high on US stimulus deal boost

Speculators upped their bullish positions in COMEX gold and silver contracts in the week to Dec. 15, data showed on Friday.

Published 21 Dec, 2020 08:48am

Markets

Asian markets drift as dealers track US stimulus, Brexit talks

While markets are stuttering this month heading into the Christmas break, Brian Nick at Nuveen sounded a note of optimism.

Published 17 Dec, 2020 08:58am

Markets

Australian dollar near 2-1/2-year top; NZ$ stumbles

Domestic data was less supportive too with electronic card retail sales rising a mere 0.1% in November, suggesting policy will have to remain accommodative to fuel consumer spending.

Published 10 Dec, 2020 09:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28
France CAC40 / Apr 25	8016.65
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Stephen Innes

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