Trends - US economic growth - Business Recorder

US economic growth

European shares rise on earnings optimism

PARIS: European shares reversed early declines to gain on Tuesday as robust earnings from the region and the US...

Published 25 Oct, 2023 06:19am

Business & Finance

US growth, a puzzle to policymakers, could pose global risks

JACKSON HOLE: US economic growth, still racing at a potentially inflationary pace as other key parts of the world...

Published 27 Aug, 2023 10:16am

World

Yellen sees 'resilience' in US economy even as it cools

WASHINGTON: US economic growth and wage gains should "serve as a source of resilience" moving forward even if the...

Published 12 Aug, 2023 12:49am

Business & Finance

Moderate US economic growth expected in second quarter

WASHINGTON: The US economy likely maintained a moderate pace of growth in the second quarter as labor market...

Published 27 Jul, 2023 10:23am

Markets

Oil eases on lacklustre Chinese import data

HOUSTON: Oil prices fell on Tuesday, retreating from strong gains in the previous two sessions, due to lackluster...

Published 10 May, 2023 06:03am

Markets

Gold set for monthly gain on economic woes, softer dollar

Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and a weaker dollar drove...

Published 28 Apr, 2023 09:21am

Business & Finance

US dollar gains after GDP, jobless claims data; rate hike bets intact

NEW YORK: The dollar rose on Thursday as weaker-than-expected US economic growth in the first quarter is not likely...

Published 28 Apr, 2023 06:08am

Business & Finance

OECD hikes growth outlook

PARIS: The global economic outlook has improved from a few months ago as the inflation shock eases but rising...

Published 18 Mar, 2023 06:14am

Markets

Strong earnings spur rally across European stocks

LONDON: European shares moved further off six-week lows hit last session as forecast-beating results from companies...

Published 29 Apr, 2022 05:43am

Markets

Wall Street inches higher as Meta earnings offset GDP gloom

NEW YORK: Wall Street edged higher on Thursday as strong earnings from Meta Platforms lifted battered technology and...

Published 29 Apr, 2022 05:43am

Business & Finance

Dollar hits 20-yr high as yen tumbles on dovish BoJ

NEW YORK: The dollar hit a 20-year high against rivals on Thursday as the Bank of Japan doubled-down on its dovish...

Published 29 Apr, 2022 05:43am

World

US economy unexpectedly contracts in first quarter

WASHINGTON: US economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases...

Published 28 Apr, 2022 08:20pm

Markets

Wall Street Week Ahead: Investors turn to defensive stocks as economic concerns grow

NEW YORK: US stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation...

Published 18 Apr, 2022 06:51am

Business & Finance

US economic growth accelerates in Q4; corporate profits slow

WASHINGTON: The US economy grew robustly in the fourth quarter, the government confirmed on Wednesday, but momentum...

Published 31 Mar, 2022 07:58am

Markets

US MIDDAY: Gold spirals lower

NEW YORK: Gold prices slid over 1% to more than a two-week low on Thursday, as the dollar rallied after robust US...

Published 28 Jan, 2022 04:44am

Business & Finance

Omicron will pinch, not derail US economic growth: Yellen

WASHINGTON: The latest coronavirus variant will weigh on US economic growth in the months ahead but will not derail...

Published 19 Jan, 2022 03:41pm

World

Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears

NEW YORK: Goldman Sachs on Saturday cut its outlook for US economic growth to 3.8% for 2022, citing risks and...

Published 05 Dec, 2021 04:26am

Markets

Japan's 10-year bond yields track US Treasury peers higher

TOKYO: Japan's benchmark 10-year government bond yields rose on Friday, tracking US Treasury yields higher, while...

Published 01 Nov, 2021 05:18am

Business & Finance

OECD lowers global, US economic growth forecasts

PARIS: The OECD warned Tuesday of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for...

Published 21 Sep, 2021 04:21pm

World

US retail sales unexpectedly rise in August; weekly jobless claims climb

Retail sales rebounded despite an ongoing global shortage of microchips, which is forcing automakers to cut production, leading to a scarcity of inventory at showrooms

Published 16 Sep, 2021 06:08pm

Business & Finance

Early trade: Dollar languishes, other safe haven currencies shine

NEW YORK/LONDON: The US dollar languished again on Tuesday, particularly against the Swiss franc and Japanese yen, ...

Published 04 Aug, 2021 04:14am

Markets

Asian shares slip to 1-week lows on renewed virus scare, inflation worry

Next on investors' radar is June quarter corporate earnings with Netflix, Philip Morris, Coca Cola and Intel Corp among companies expected to report this week

Updated 19 Jul, 2021 11:41am

Fed signals rate hikes for 2023

WASHINGTON: The Federal Reserve on Wednesday brought forward its projections for the first post-pandemic interest...

Published 17 Jun, 2021 03:27am

Markets

US yields rise after report on Biden's $6 trillion budget

Thursday's data on US jobless claims and first-quarter gross domestic product growth also helped extend Treasury yields. Both reports showed the US economy was on a stable path to recovery from the pandemic.
Investors are also awaiting the Treasury's sale of $62 billion in 7-year debt later on Thursday, after strong 2-year and 5-year note auctions on Tuesday and Wednesday.

Published 27 May, 2021 06:36pm

Business & Finance

Yellen tamps down inflation fears over Biden spending plan

WASHINGTON: US Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for...

Published 03 May, 2021 04:39am

Business & Finance

Fiscal stimulus powers US economic growth in Q1

WASHINGTON: US economic growth accelerated in the first quarter as the government gave money to mostly lower-income...

Updated 30 Apr, 2021 10:31am

Business & Finance

Early trade in New York: Dollar sluggishness persists

NEW YORK: A report of strong US economic growth in the first quarter did little to bolster the dollar on Thursday,...

Updated 30 Apr, 2021 10:31am

Markets

Dollar sluggishness persists after strong US GDP data

Strong GDP does little to boost dollar.
Fed's Powell quashes tapering talk, Biden touts spending.
CAD lifted to three-year high.

Published 29 Apr, 2021 08:22pm

World

US economy accelerates in first quarter; jobless claims edge lower

Still, the economy remains at least a couple of years away from fully recovering from the pandemic recession, which started in February 2020.
Former President Donald Trump's government provided nearly $3 trillion in relief money early in the pandemic, leading to record GDP growth in the third quarter of last year.

Published 29 Apr, 2021 05:39pm

Markets

Hong Kong stocks higher at lunch

The Hang Seng Index was up 0.80 percent, or 232.17 points, to 29,201.88 at the lunch break.

Published 19 Apr, 2021 10:37am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 3 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 3 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 3 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 3 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 3 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 3 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 3 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 3 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 3 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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