Trends - U.S. central bank - Business Recorder

U.S. central bank

Fed officials united on need to hike rates, divided over how high to go

The Federal Reserve needs to keep raising borrowing costs to bring high inflation under control, a string of U.S....

Published 18 Aug, 2022 11:55pm

Markets

S&P 500 near unchanged; Walmart and other retailers gain

NEW YORK: The S&P 500 was near flat in late trading on Tuesday as Walmart and Home Depot gained following...

Published 17 Aug, 2022 12:31am

Markets

Wall St gains on hopes of smaller rate hikes as economy shrinks again

Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the...

Published 28 Jul, 2022 11:22pm

World

Fed opts for 75-basis-point rate hike, flags weakening economic data

FOMC says it remains 'highly attentive' to inflation risks

Updated 28 Jul, 2022 12:24am

Markets

Asian shares bounce as bets of bigger Fed rate hike ease

BANGKOK: Asian currencies and equities firmed on Monday, as investors dialled back bets of a bigger interest rate...

Published 19 Jul, 2022 06:00am

Business & Finance

Fed hikes rates by 0.75 percentage point, flags slowing economy

WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday...

Published 15 Jun, 2022 11:28pm

World

Fed lifts rates by half point, biggest jump in 22 years

In a news conference after the release of the policy statement, Powell explicitly rules out raising rates by three-quarters of a percentage point in a coming meeting

Updated 05 May, 2022 01:42pm

Business & Finance

Fed expected to ramp up its inflation fight with big rate hike

WASHINGTON: The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and...

Published 04 May, 2022 08:44pm

Markets

Dollar slips before expected Fed rate hike

NEW YORK: The dollar fell against a basket of currencies on Wednesday ahead of the outcome of a Federal Reserve...

Published 04 May, 2022 07:51pm

Business & Finance

Asian currencies firm ahead of Fed decision; firmer oil saps appetite

Most Asian currencies rose in thin trading on Wednesday, amid caution ahead of the outcome of a U.S. central bank...

Published 04 May, 2022 01:43pm

Markets

Wall Street, oil slide, dollar jumps as investors eye rate hikes

WASHINGTON: U.S. stocks and oil tumbled on Friday while bond yields continued to gain as investors prepared for a...

Published 23 Apr, 2022 01:14am

Business & Finance

Fed seen going big and then bigger on rate hikes ahead

The Federal Reserve is poised to follow a half-of-a-percentage point interest rate hike in May with two even bigger...

Published 23 Apr, 2022 01:08am

Markets

Wall Street mixed, investors eye Fed and Ukraine

Wall Street was mixed on Thursday, with Amazon and Nvidia weighing on the Nasdaq and Pfizer lifting the S&P 500...

Published 08 Apr, 2022 12:57am

Markets

Wall Street slides after Powell's hawkish comments

Wall Street's main indexes fell on Monday as Federal Reserve Chair Jerome Powell's comments sparked bets of more...

Published 22 Mar, 2022 01:02am

Business & Finance

Fed must move 'expeditiously' and, if needed, more aggressively, Powell says

The U.S. central bank must move "expeditiously" to bring too-high inflation to heel, Federal Reserve Chair Jerome...

Published 21 Mar, 2022 11:26pm

Opinion

An oil shock is coming, but the US may have already paid for it

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited...

Published 11 Mar, 2022 05:12am

Business & Finance

Powell backs 25-basis-point March rate hike

WASHINGTON: Federal Reserve Chair Jerome Powell said on Wednesday he was “inclined to propose and support a...

Published 03 Mar, 2022 04:39am

Markets

Gold retreats on higher bond yields, U.S. rate hike bets

Gold prices fell on Thursday, weighed down by a spike in U.S. Treasury yields and growing expectations of an...

Published 03 Feb, 2022 11:27pm

Business & Finance

Monetary policy effect on global inflation drivers may be ‘limited’

NEW YORK: Domestic monetary policy actions may do little to tame some of the inflation being driven by global supply...

Published 29 Jan, 2022 06:05am

Markets

Fed flags rate hike 'soon,' plans for significant balance sheet reduction

WASHINGTON: The Federal Reserve on Wednesday signalled it is likely to raise U.S. interest rates in March and...

Published 27 Jan, 2022 01:54am

Hawkish Fed sees rate hikes ‘sooner’ as inflation spikes

WASHINGTON: A “very tight” job market and unabated inflation might require the Federal Reserve to raise interest...

Published 07 Jan, 2022 04:36am

Markets

Oil rises about 2% on strong U.S. demand, upbeat Fed outlook

NEW YORK: Oil prices gained around 2% on Thursday, as record U.S. implied demand, falling crude stockpiles and an...

Updated 16 Dec, 2021 11:43pm

Markets

Wall Street drops as investors eye inflation and coronavirus

The S&P 500 and the Nasdaq tumbled on Tuesday after data showed producer prices increased more than expected in...

Updated 15 Dec, 2021 01:00am

Markets

Copper hits two-week low on Omicron uncertainty and Fed comments

LONDON: Copper prices fell to a two-week low on Tuesday as worries about the damage to demand and economic growth...

Published 30 Nov, 2021 11:32pm

Markets

Wall St mixed as focus shifts to Fed’s taper decision

NEW YORK: U.S. stocks indexes traded mixed in a narrow range on Wednesday as investors looked ahead to the Federal...

Published 04 Nov, 2021 04:32am

Markets

Hong Kong stocks post longest losing streak since July

HONG KONG: Hong Kong stocks closed lower on Wednesday, with the benchmark index posting the longest losing streak in...

Published 04 Nov, 2021 04:32am

Fed rolls out bond-buying ‘taper’

WASHINGTON: The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with...

Updated 04 Nov, 2021 09:40am

Wall Street in Riyadh sees lingering inflation, oil hitting $100

RIYADH: Top Wall Street firms warned at an investment conference in Riyadh of the risk of a sustained increase in...

Updated 27 Oct, 2021 09:42am

Markets

Dollar dips in choppy trading as risk appetite improves

NEW YORK: The dollar was slightly lower on Thursday in choppy trading, having erased most of its early session...

Updated 15 Oct, 2021 12:57am

Markets

Wall Street closes lower on jitters ahead of earnings, Fed minutes

NEW YORK: U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up...

Published 13 Oct, 2021 02:27am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 9 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 9 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 9 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 9 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 9 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 9 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 9 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 9 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 9 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 9 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 9 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 9 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 9 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 9 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 9 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 9 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 9 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 9 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 9 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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