Trends - U.S. Federal Reserve - Business Recorder

U.S. Federal Reserve

US MIDDAY: Gold edges down

NEW YORK: Gold prices edged lower in choppy trading on Thursday, pressured by rising U.S. bond yields that countered...

Published 22 Oct, 2021 04:13am

Markets

Dollar attracts safe-haven flows, soars versus yen

NEW YORK: The dollar rose on Monday as surging energy prices prompted investors to seek safe havens, with the...

Updated 12 Oct, 2021 12:49am

Markets

Wall Street ends sharply higher as Big Tech roars back

Wall Street ended sharply higher on Tuesday, as Microsoft and Apple spearheaded a strong rebound in growth stocks ...

Updated 06 Oct, 2021 01:16am

Markets

South Africa's rand stronger as central bank highlights inflation risks

JOHANNESBURG: South Africa's rand gained on Tuesday afternoon as the central bank highlighted inflation risks in a...

Updated 05 Oct, 2021 11:16pm

Business & Finance

Pound hits end-2020 lows as UK fuel fears persist

LONDON: Sterling hit its lowest since end-2020 against the dollar on Wednesday, erasing all its gains for the year ...

Published 30 Sep, 2021 04:15am

Markets

Canadian dollar hits 4-week low as election jitters mount

TORONTO: The Canadian dollar weakened against its U.S. counterpart on Friday as commodity prices fell and investors...

Updated 18 Sep, 2021 01:07am

Markets

Gold resumes retreat on dollar strength with all eyes on Fed

Gold's slight rebound on Friday from a sharp selloff in the previous session lost steam as the dollar gained, ...

Published 17 Sep, 2021 11:23pm

Business & Finance

UAE central bank working to replace interbank rates

DUBAI: The United Arab Emirates central bank is studying ways to replace the local interbank rate, three sources...

Published 17 Sep, 2021 03:52am

Markets

Copper drifts lower as focus turns to US Fed meeting

LONDON: Copper prices eased on Thursday as the market’s focus turned to next week’s U.S. Federal Reserve meeting...

Published 17 Sep, 2021 03:52am

Markets

Gold slips off $1,800 pivot, investors seek direction from Fed

Gold retreated below the key $1,800 level on Wednesday, hit by a bout of technical selling after it failed to hold...

Published 15 Sep, 2021 11:58pm

Markets

U.S. yields dip with eyes on inflation data

NEW YORK: U.S. government bond yields dipped on Monday as traders look ahead to data on Tuesday that is expected to...

Published 14 Sep, 2021 12:54am

Markets

Gold gains as dollar slips, brighter U.S. jobs data checks gains

Gold firmed on Thursday, lifted by a slight retreat in the dollar, but renewed bets that the U.S. Federal Reserve ...

Published 09 Sep, 2021 11:37pm

Markets

Gold hastens retreat as dollar gains upper hand

Gold retreated over 1.5pc on Tuesday and is on course for its biggest intraday drop in a month, as a buoyant dollar...

Published 08 Sep, 2021 12:59am

Business & Finance

Dubai's Meraas plans refinancing of $600m Islamic bonds

DUBAI: Dubai's Meraas Holding, a state-linked property developer, plans to tender its existing US dollar-denominated...

Published 01 Sep, 2021 03:59am

Business & Finance

Indian growth jumps in April-June

NEW DELHI: India's economy rebounded in the April-June quarter even while a devastating second wave of COVID-19 ...

Published 01 Sep, 2021 03:59am

Markets

Gold pulls back as dollar strengthens, caution sets in

Spot gold fell 0.4pc to $1,808.67 per ounce by 1:33 p.m. EDT (1733 GMT) after touching its highest level since Aug. 4. U.S. gold futures settled down 0.4pc at $1,812.2

Published 30 Aug, 2021 10:57pm

Markets

Oil posts biggest weekly gains in over a year ahead of Hurricane Ida

Brent futures rose $1.63, or 2.3pc, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude rose $1.32, or 2.0pc, to settle at $68.74

Published 28 Aug, 2021 02:06am

Markets

S&P 500, Nasdaq nab all-time closing highs as Powell soothes taper fears

"I see two things happening," said Mike Zigmont, head of research and trading at Harvest Volatility Management in New York. "I see a reflexive dip-buying validation and I see the market embracing a dovish Fed"

Published 28 Aug, 2021 02:01am

Markets

Toronto stock index races to record close as Powell soothes sentiment

Energy stocks were supported by higher oil prices on worries about supply disruption in Gulf of Mexico as Tropical Storm Ida advanced, while gold stocks got a boost from higher bullion prices

Published 28 Aug, 2021 01:55am

Markets

Australia shares likely to open unchanged, NZ rises

The local share price index futures rose 0.1pc, a 75.2-point discount to the underlying S&P/ASX 200 index close

Published 27 Aug, 2021 04:58am

Markets

TSX retreats from record closing peak as bank stocks slip

The Toronto Stock Exchange's S&P/TSX composite index fell 83.17 points, or 0.4pc, to 20,504.15 points, after ending at a new closing high on Wednesday.

Updated 27 Aug, 2021 02:10am

Markets

Gold pauses retreat as investors lock in on Fed's Jackson Hole event

Bullion slipped as much as 1.2pc and below the key $1,800 mark on Wednesday as a stronger dollar dented its appeal.

Published 26 Aug, 2021 11:52pm

Markets

Gold rises above $1,800 as dollar dips on doubts Fed will taper soon

Spot gold rose 1.4pc to $1,804.86 per ounce by 12:43 p.m. EDT (1643 GMT), after scaling its highest since Aug. 5 at $1,806.23.

Updated 23 Aug, 2021 11:09pm

Markets

South Africa's rand and stocks slip, tracking global moves

At 1617 GMT, the rand traded at 14.5975 against the dollar, roughly 0.3pc weaker, as the greenback made similar gains against a basket of currencies.

Published 30 Jul, 2021 10:11pm

Markets

Pound highest in over a month as dollar dips on dovish Fed

The British currency has gained for five consecutive sessions, and on Thursday was 1.4pc higher against the dollar on the week.

Published 29 Jul, 2021 10:53pm

Markets

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Brent crude oil futures were up 92 cents, or 1.2pc, at $75.66 a barrel by 12:05 ET (1605 GMT), having traded as high as $75.74. U.S. West Texas Intermediate (WTI) crude oil futures were up 90 cents, or 1.3pc, at $73.29 a barrel.

Published 29 Jul, 2021 10:40pm

Markets

South African rand and stocks rally after Fed reassurance

The rand traded at 14.5550 against the dollar, around 1.1pc firmer than its previous close and mirroring gains elsewhere in emerging markets.

Published 29 Jul, 2021 10:40pm

Markets

Auto rally, corporate earnings push European shares to record highs

The pan-European STOXX 600 index rallied 1.1pc to hit a record high of 461.75, and marked a 1.5pc weekly rise - its biggest weekly gain since early May.

Published 23 Jul, 2021 10:19pm

Markets

Gold dips as yields perk up, dollar strengthens

Spot gold fell 0.2pc to $1,802.78 per ounce by 12:11 pm EDT (1611 GMT). U.S. gold futures dipped 0.2pc to$1,802.50.

Published 23 Jul, 2021 10:05pm

ECB to flex its financial muscle in climate change fight

FRANKFURT: The European Central Bank will take greater account of climate change in its core policy decisions, in ...

Updated 09 Jul, 2021 10:34am

Gainers
Losers
Leaders

Stock	Price
786 Investments / Oct 23 786 Investments Limited(786)	7.00 ▼ 0.00 (0.00%)
AL- Abbas / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	78.78 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	770.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 23 Attock Cement Pakistan Limited(ACPL)	135.26 ▼ 0.00 (0.00%)
Adam Sugar / Oct 23 Adam Sugar Mills Limited(ADAMS)	32.90 ▼ 0.00 (0.00%)

Stock	Price
786 Investments / Oct 23 786 Investments Limited(786)	7.00 ▼ 0.00 (0.00%)
AL- Abbas / Oct 23 Al-Abbas Sugar Mills Limited(AABS)	280.55 ▼ 0.00 (0.00%)
Agro Allianz / Oct 23 Agro Allianz limited(AAL)	11.10 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 23 Allied Bank Limited(ABL)	78.78 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 23 Abbott Laboratories (Pakistan) Limited(ABOT)	770.00 ▼ 0.00 (0.00%)
Abson Ind. / Oct 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Attock Cement / Oct 23 Attock Cement Pakistan Limited(ACPL)	135.26 ▼ 0.00 (0.00%)
Adam Sugar / Oct 23 Adam Sugar Mills Limited(ADAMS)	32.90 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 23	174.10
USD PKR Interbank Buying / Oct 23	174.00
USD to Japanese Yen / Oct 23	113.50
USD to Swiss Franc / Oct 23	0.92
Pound Sterling to USD / Oct 23	1.38
Euro to USD / Oct 23	1.16
UK LIBOR % / Oct 23	0.07

Stock	Volume
S&P 500 / Oct 23	4544.90
India Sensex / Oct 23	60821.62
Tokyo Nikkei / Oct 23	28804.85
Nasdaq / Oct 23	15090.20
Hang Seng / Oct 23	26126.93
FTSE 100 / Oct 23	7204.55
Dow Jones / Oct 23	35677.02
Germany DAX 30 / Oct 23	15542.98
France CAC40 / Oct 23	6733.69

Item	Value
Crude Oil / Oct 23	83.76
Karachi Cotton Assoc. / Oct 23	14880.00
Gold 10 Grams / Oct 23	99450.00
Gold Spot / Oct 23	1792.65
Cotton / Oct 23	108.26

U.S. Federal Reserve

Most Popular Articles