Trends - US central bank - Business Recorder

US central bank

Yields edge higher, Fed rate path in focus

NEW YORK: US Treasury yields edged higher on Friday and held just above two-week lows reached on the previous day as...

Published 27 Jun, 2022 06:06am

Business & Finance

Fed chair admits recession a ‘possibility’ after rate hikes

WASHINGTON: The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation ...

Published 24 Jun, 2022 06:15am

Markets

Saudi leads decline in Gulf bourses on growth worries

DUBAI: Stock markets in the Gulf registered steep losses on Sunday, as investors worried that tighter monetary ...

Published 20 Jun, 2022 05:51am

Markets

Asian markets mixed as Fed rate hike rally fades

HONG KONG: Asian markets were mixed Thursday as an early rally fuelled by a “dovish” Federal Reserve interest...

Published 17 Jun, 2022 06:37am

Markets

Most Gulf bourses in red after rate hikes

DUBAI: Most stock markets in the Gulf ended lower on Thursday, after the US Federal Reserve delivered an aggressive...

Published 17 Jun, 2022 06:37am

Fed unveils biggest rate hike since 1994

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

Updated 16 Jun, 2022 10:01am

Markets

Wall Street slips heading into Fed’s big rate decision

NEW YORK: US stocks on Tuesday extended losses from a bruising previous session in which the S&P 500 confirmed a...

Published 15 Jun, 2022 05:47am

Business & Finance

Two-year yields highest since 2008

NEW YORK: US Treasury prices tumbled and short- and intermediate-dated yields reached their highest levels in over a...

Published 13 Jun, 2022 07:38am

Resurging US inflation puts Fed on track for more big rate hikes

WASHINGTON: Red-hot US inflation is showing few signs of cooling, putting the Federal Reserve on track to continue...

Published 13 Jun, 2022 06:19am

Business & Finance

Dollar up as hot US inflation data backs case for Fed rate hikes

NEW YORK: The dollar rose to a near four-week high against a basket of currencies on Friday, after data showed US...

Published 11 Jun, 2022 06:08am

Markets

Wall St falls on inflation fears; Powell-Biden talks in focus

NEW YORK: US stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official...

Published 01 Jun, 2022 05:53am

Markets

Asian markets track Wall St higher, tech fuels Hong Kong rally

HONG KONG: Asian markets climbed Friday following a strong performance on Wall Street, with Hong Kong leading the ...

Published 30 May, 2022 05:53am

Markets

U.S. bank profits dip as loan loss provisions jump in response to global uncertainty: FDIC

WASHINGTON: U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion, as larger firms grew their...

Published 24 May, 2022 07:34pm

Markets

Copper prices fall on US Fed pledge for high rates

LONDON: Copper prices retreated on Wednesday under pressure from a stronger dollar after the Federal Reserve...

Published 19 May, 2022 06:34am

Business & Finance

Dollar rebounds as risk appetite fades

NEW YORK: The US dollar edged higher on Wednesday, on pace to snap a three-session losing streak, as concerns about...

Published 19 May, 2022 05:29am

Fed to ‘keep pushing’ rates higher until clear inflation is falling

WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that...

Published 18 May, 2022 05:54am

Markets

S&P 500 hits one-year low as higher bond yields pressure growth stocks

NEW YORK: The S&P 500 index fell to its lowest since April 2021 on Monday as higher US Treasury yields hit ...

Published 10 May, 2022 05:10am

Business & Finance

US dollar hits 20-year high as risk aversion dominates

NEW YORK: The US dollar was higher on Monday after reaching a twenty-year high as risk-off sentiment stemming in ...

Published 10 May, 2022 05:10am

Markets

Gold rises 1pc as less hawkish Fed calms nerves

LONDON: Gold prices rose more than 1% on Thursday, a day after Federal Reserve Chair Jerome Powell allayed investor...

Published 06 May, 2022 05:03am

Markets

Wall St slumps as bets of big rate hikes grow despite Fed view

NEW YORK: Wall Street’s main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve’s...

Published 06 May, 2022 05:03am

Business & Finance

Fed convenes to launch new salvo against record US inflation

WASHINGTON: The US central bank opened its policy meeting Tuesday, which is expected to produce a big rate hike as...

Updated 04 May, 2022 10:24am

Business & Finance

Dollar approaches 20-year highs, Fed meeting in focus

NEW YORK: The dollar held just below a 20-year high against a basket of currencies on Monday before an expected...

Published 03 May, 2022 03:47am

Business & Finance

US consumer spending accelerates; wage inflation rising

WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly...

Published 30 Apr, 2022 07:09am

Business & Finance

Dollar hits five-year high, growth concerns dent euro

NEW YORK: The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike...

Published 28 Apr, 2022 05:37am

Business & Finance

Canadian dollar falls by most since December despite hawkish BoC

TORONTO: The Canadian dollar weakened to a five-week low against its US counterpart on Friday as oil prices dropped...

Published 24 Apr, 2022 05:36am

Markets

Nasdaq, S&P 500 fall as growth shares lose steam; banks report mixed earnings

NEW YORK: The Nasdaq and the S&P 500 fell on Thursday as rising yields weighed on megacap growth stocks, while a...

Published 15 Apr, 2022 05:29am

Business & Finance

US dollar little changed ahead of Fed minutes

NEW YORK: The dollar was flat to slightly higher on Wednesday, retreating from sharp gains the previous session...

Published 07 Apr, 2022 05:15am

Markets

Goldman Sachs sees five rate hikes in 2023

Goldman Sachs expects the Federal Reserve to raise interest rates five times in 2023, and forecasts that the US...

Published 21 Mar, 2022 12:01pm

Business & Finance

Long-term yields edge down, curve flattens on recession risk

NEW YORK: Long-term US Treasury yields edged down on Friday as lack of a resolution of the Russia-Ukraine conflict...

Published 21 Mar, 2022 07:39am

Markets

Stocks mostly rise, oil climbs at end of volatile week

NEW YORK: Oil prices rose while most leading global stock markets also climbed to conclude a positive week for...

Published 21 Mar, 2022 07:33am

Gainers
Losers
Leaders

Stock	Price
Agritech Limited / Jun 30 Agritech Limited(AGL)	6.65 ▲ 1.00 (17.70%)
Kohinoor Power / Jun 30 Kohinoor Power Company Limited(KOHP)	4.05 ▲ 0.57 (16.38%)
Unicap Modaraba / Jun 30 Unicap Modaraba(UCAPM)	1.90 ▲ 0.24 (14.46%)
First Tri-Star Mod. / Jun 30 First Tri-Star Modaraba(FTSM)	8.00 ▲ 1.00 (14.29%)
Askari Life Assur. / Jun 30 Askari Life Assurance Company Limited(ALAC)	6.29 ▲ 0.78 (14.16%)
First AL-Noor Mod. / Jun 30 First Al-Noor Modaraba(FANM)	3.62 ▲ 0.39 (12.07%)
Bawany Air Products / Jun 30 Bawany Air Products Limited(BAPL)	9.50 ▲ 1.00 (11.76%)
Int. Knit. / Jun 30 International Knitwear Limited(INKL)	10.00 ▲ 1.00 (11.11%)
786 Invest Ltd / Jun 30 786 Investments Limited(786)	5.33 ▲ 0.51 (10.58%)
Shaheen Ins. / Jun 30 Shaheen Insurance Company Limited(SHNI)	3.40 ▲ 0.28 (8.97%)

Stock	Price
Elite Cap.Mod / Jun 30 First Elite Capital Modaraba(FECM)	2.70 ▲ -0.30 (-10.00%)
Jubilee Spinning / Jun 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	3.01 ▲ -0.29 (-8.79%)
Dewan Sugar / Jun 30 Dewan Sugar Mills Limited(DWSM)	2.19 ▲ -0.20 (-8.37%)
Orient Rental / Jun 30 Orient Rental Mod(ORM)	7.35 ▲ -0.63 (-7.89%)
Olympia Mills / Jun 30 Olympia Mills Limited(OML)	16.65 ▲ -1.35 (-7.50%)
Baba Farid / Jun 30 Baba Farid Sugar Mills Limited(BAFS)	44.50 ▲ -3.60 (-7.48%)
Shams Textile / Jun 30 Shams Textile Mills Limited(STML)	45.24 ▲ -3.66 (-7.48%)
Pak Hotels / Jun 30 Pakistan Hotels Developers Limited(PHDL)	135.00 ▲ -10.64 (-7.31%)
Chakwal Spinning / Jun 30 Chakwal Spinning Mills Limited(CWSM)	1.72 ▲ -0.13 (-7.03%)
AEL Textile / Jun 30 AEL Textile Limited(AEL)	14.00 ▲ -1.05 (-6.98%)

Stock	Volume
K-Electric Ltd. / Jun 30 K-Electric Limited(KEL)	17,294,500 ▼ 0.00
Agritech Limited / Jun 30 Agritech Limited(AGL)	13,786,500 ▼ 0.00
Fauji Cement / Jun 30 Fauji Cement Company Limited(FCCL)	12,055,500 ▼ 0.00
WorldCall Telecom / Jun 30 Worldcall Telecom Limited(WTL)	9,392,000 ▼ 0.00
Pak Refinery / Jun 30 Pakistan Refinery Limited(PRL)	7,985,160 ▼ 0.00
Pak Elektron / Jun 30 Pak Elektron Limited(PAEL)	7,070,000 ▼ 0.00
Pak Int.Bulk / Jun 30 Pakistan International Bulk Terminal(PIBTL)	6,848,500 ▼ 0.00
TPL Properties / Jun 30 TPL Properties Limited(TPLP)	6,408,040 ▼ 0.00
Pak Petroleum / Jun 30 Pakistan Petroleum Limited(PPL)	6,018,939 ▼ 0.00
Cnergyico PK / Jun 30 Cnergyico PK Limited(CNERGY)	6,008,471 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 29	205.50
USD PKR Interbank Buying / Jun 29	205.30
USD to Japanese Yen / Jun 29	136.63
USD to Swiss Franc / Jun 29	0.95
Pound Sterling to USD / Jun 29	1.21
Euro to USD / Jun 29	1.05
UK LIBOR % / Jun 29	1.57

Stock	Volume
S&P 500 / Jun 29	3818.83
India Sensex / Jun 29	53026.97
Tokyo Nikkei / Jun 29	26536.82
Nasdaq / Jun 29	11177.89
Hang Seng / Jun 29	22058.97
FTSE 100 / Jun 29	7312.32
Dow Jones / Jun 29	31029.31
Germany DAX 30 / Jun 29	13003.35
France CAC40 / Jun 29	6031.48

Item	Value
Crude Oil USD/Barrel / Jun 29	110.28
Karachi Cotton PKR/37.32 KG / Jun 29	18480.00
Gold 10 Grams PKR / Jun 29	121700.00
Gold Spot USD/Ounce / Jun 29	1820.88
Cotton US¢/pound / Jun 29	96.60

US central bank

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