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US central bank

Reopening US economy fuels inflation, labour market recovery

WASHINGTON: US consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years as a...

Published 11 Jun, 2021 03:41am

Business & Finance

Canadian dollar seen consolidating gains

TORONTO: The Canadian dollar is expected to give back some of its recent gains over the coming year as the Bank of...

Updated 24 May, 2021 08:29am

Markets

Tokyo stocks open lower extending US falls

Takeda Pharmaceutical was up 0.16 percent at 3,774 yen after reports said Japanese authorities will likely this week approve the use of Moderna Covid-19 vaccines, which the Japanese firm will import.

Published 20 May, 2021 10:08am

Markets

Gold surges in Europe

AMSTERDAM/LONDON: Gold prices hit a three-month high on Monday after last week’s miss on the US jobs growth ...

Published 11 May, 2021 04:39am

Opinion

Fed tames taper talk, but investors look for clues in coming months

Investors have received some reassurance that the Federal Reserve will not imminently reduce its support of the US...

Published 30 Apr, 2021 05:06am

Markets

China's yuan near 2-month high as Fed, Biden stimulus drag on dollar

"China's solid macroeconomic fundamentals should continue to provide support for the currency," Matthew Ryan, senior market analyst at Ebury, said in a note.

Published 29 Apr, 2021 11:38am

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Markets

Yields erase earlier rise to be little changed before Fed meeting statement

Business reopenings from COVID-19-related shutdowns have accelerated this month, and investors are also pricing for higher inflation as fiscal spending increases.
"With the reopening process, it seems to have hit a higher gear in April," said Tom Simons, a money market economist at Jefferies in New York.

Published 28 Apr, 2021 08:31pm

Markets

Stocks dip on caution before Fed, earnings

World shares down 0.2%.
US indices lower in early trading.
Fed meeting, tech earnings in focus.
Copper prices climb towards record.
Dollar steadies, up from multi-week lows.

Published 27 Apr, 2021 07:55pm

Markets

Asian FX bulls return as dollar slips

SINGAPORE: Investors turned bullish on most Asian currencies, a Reuters poll found, as easing bets of a...

Published 26 Apr, 2021 03:29am

Markets

Dollar drops to three-week lows after inflation data

The consumer price index jumped 0.6% last month, the largest gain since August 2012, after rising 0.4% in February, the Labor Department said on Tuesday. Excluding the volatile food and energy components, the CPI rose 0.3%. The so-called core CPI nudged up 0.1% in February.
The dollar briefly spiked on the data, before reversing course and dipping to three-week lows. Treasury yields also fell after the data.

Published 13 Apr, 2021 08:38pm

Fed chair says cyberattacks main risk to US economy

WASHINGTON: Federal Reserve chairman Jerome Powell said he was more worried about the risk of a large-scale...

Updated 13 Apr, 2021 09:27am

Markets

US yields slide after jobless claims, but massive supply looms

"Falling incidence of the coronavirus will lower initial claims," said Stan Shipley, fixed income strategist, at Evecore ISI in New York. He added that overall the data showed the "labor market is continuing to heal and should be neutral for Treasury yields."
In midmorning trading, the US 10-year Treasury yield was down at 1.64% from 1.654% on Wednesday.

Published 08 Apr, 2021 08:22pm

Markets

Gold prices climb in NY

NEW YORK: Gold prices rose about 1% on Tuesday and hit the highest in more than a week, boosted by as a retreating...

Published 07 Apr, 2021 03:48am

World

Fed to support economy until recovery 'well and truly done,' Clarida says

It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February. We are committed to using our full range of tools to support the economy until the job is well and truly done.
The Fed now sees the US unemployment rate falling to 3.5%, roughly where it was before the pandemic, by the end of 2023.

Published 25 Mar, 2021 07:54pm

Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...

Published 24 Mar, 2021 05:10am

Business & Finance

US weekly jobless claims increase; mid-Atlantic factory activity near 50-year high

WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the...

Published 19 Mar, 2021 05:32am

Markets

Gold gains after Fed maintains easy monetary policy stance

Asian stocks were set for modest gains.

Published 18 Mar, 2021 11:07am

Business & Finance

Fed sees higher growth, above target inflation this year, rates remain steady

WASHINGTON: The Federal Reserve on Wednesday projected a rapid jump in US economic growth and inflation this year as...

Published 18 Mar, 2021 03:56am

Markets

Asian stocks retreat as investors await Fed

E-mini futures for the S&P 500 slipped 0.04% on Wednesday.

Published 17 Mar, 2021 01:22pm

Opinion

US central bankers are mostly white men

Over more than a century of the Federal Reserve’s existence, the critical job of controlling the cost of money and...

Published 10 Mar, 2021 04:59am

Markets

Gold range-bound in Asia

SINGAPORE: Gold traded in a narrow range in Asian trade on Wednesday as market participants awaited the US Federal...

Published 28 Jan, 2021 04:40am

Business & Finance

Fed holds policy steady

WASHINGTON: The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to ...

Updated 28 Jan, 2021 09:28am

Markets

US MIDDAY: Gold lower

NEW YORK: Gold prices edged lower on Tuesday on concerns over a fresh US coronavirus aid package, while a slightly...

Published 27 Jan, 2021 04:59am

Markets

Gold prices down in Asia

SINGAPORE: Gold prices edged lower in Asian trade on Tuesday as the dollar strengthened and concerns over the ...

Published 27 Jan, 2021 04:59am

Fed holds first policy meeting of Biden administration

WASHINGTON: With a new year and a new administration in the White House, the US central bank nonetheless faces an...

Updated 25 Jan, 2021 10:04am

Markets

Japan shares rise on Wall Street gains; Apple suppliers shine

In its final policy meeting of the year, the US central bank is expected to keep its key overnight interest rate pinned near zero and signal it will stay there for years to come.

Published 16 Dec, 2020 08:35am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 3 786 Investments Limited(786)	5.00 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 3 Al-Abbas Sugar Mills Limited(AABS)	272.50 ▼ 0.00 (0.00%)
Agro Allianz / Jul 3 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 3 Allied Bank Limited(ABL)	69.05 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 3 Abbott Laboratories (Pakistan) Limited(ABOT)	666.00 ▼ 0.00 (0.00%)
Abson Ind. / Jul 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 3 Alfalah Consumer Index ETF.(ACIETF)	7.84 ▼ 0.00 (0.00%)
Attock Cement / Jul 3 Attock Cement Pakistan Limited(ACPL)	67.13 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jul 1	135.21
USD to Swiss Franc / Jul 1	0.96
Pound Sterling to USD / Jul 1	1.21
Euro to USD / Jul 1	1.04
UK LIBOR % / Jul 1	1.58

Stock	Volume
S&P 500 / Jul 1	3825.33
India Sensex / Jul 1	52907.93
Tokyo Nikkei / Jul 1	26935.62
Nasdaq / Jul 1	11127.84
Hang Seng / Jul 1	21859.79
FTSE 100 / Jul 1	7168.65
Dow Jones / Jul 1	31097.26
Germany DAX 30 / Jul 1	12813.03
France CAC40 / Jul 1	5931.06

Item	Value
Crude Oil USD/Barrel / Jul 1	108.43
Karachi Cotton PKR/37.32 KG / Jul 1	17380.00
Gold 10 Grams PKR / Jul 1	119100.00
Gold Spot USD/Ounce / Jul 1	1811.43
Cotton US¢/pound / Jul 1	97.48

US central bank

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