Topic

US economic recovery

Weak US jobs data a boon for stocks

Published 06 Dec, 2021 06:19am

LONDON: Equities pushed higher on Friday after weak US jobs data reduced the likelihood of a quick tightening of US...

Stocks mostly rise after strong US data

Published 26 Nov, 2021 05:15am

LONDON: Leading stock markets mostly rose on Thursday following data confirming a strong US economic recovery....

Wall St Week Ahead-Regional bank loan growth could hint at healthier supply chains

Published 15 Oct, 2021 10:12am

NEW YORK: If regional banks show signs of accelerating loan growth when they report earnings in the week ahead, it...

Climate and Covid cast shadow over jet demand outlook

Published 25 Sep, 2021 04:59am

Jetmakers see strong demand for airliners even as the industry braces for tough new environmental measures, but some...

Dollar, stocks hit as US jobs data disappoints

Published 06 Sep, 2021 06:14am

LONDON: The dollar took a dive and stocks slumped after disappointing US jobs data, while Tokyo rose on stimulus...

US economic recovery on track despite Covid-19 surge: Fed

Published 29 Jul, 2021 04:35am

WASHINGTON: The US economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve...

Fed to meet as inflation, virus variants complicate US recovery

Published 26 Jul, 2021 06:03am

WASHINGTON: As rising prices and the spread of new Covid-19 variants increase risks to the US economy, Federal...

Early trade in New York: Dollar edges higher

Published 08 Jul, 2021 04:22am

NEW YORK: The dollar was slightly higher on Wednesday as traders held off on big bets ahead of the publication of ...

Early trade in New York: Dollar index headed toward biggest weekly gain since April

Published 29 May, 2021 03:59am

NEW YORK: The dollar continued to rebound on Friday as traders tidied positions for month-end and new data largely...

Sterling fails to hold on to gains

Published 29 May, 2021 03:59am

LONDON: Sterling fell against a strengthening dollar on Friday after data showed US consumer prices surged in April,...

US retail sales flat, inflation fears on the rise

Updated 16 May, 2021 10:40am

WASHINGTON: The US economic recovery showed signs of hitting some turbulence as shoppers curbed their spending last...

Euro zone yields rise as US Treasury yields jump back after rally

Published 16 Apr, 2021 04:14pm

Benchmark 10-year US Treasury yields, which fell more than 10 basis points on Thursday, undid much of that move and were up 6 bps in early European trade.
Euro zone bond yields also started the day higher, with Germany's 10-year yield, the benchmark for the region, up nearly 2 basis points to -0.28%.

Yuan edges up as investors catch up with dollar weakness after holiday

Published 06 Apr, 2021 09:54am

The dollar sank to an almost two-week low against its major trading partners, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust US economic recovery.
In the spot market, the onshore yuan trading unchanged fron the open at 6.5550 per dollar, 125 pips firmer than the previous late session close on Friday.

US factory orders decline in February

Published 05 Apr, 2021 07:40pm

The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.
Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.

Yuan off lows on upbeat PMI data, but set for worst month since Aug 2019

Published 31 Mar, 2021 11:40am

The PBOC has kept rolling over 10 billion yuan worth of maturing reverse repos, resulting in zero net cash injection for 23 straight trading days, which included Wednesday - the last trading day of the month.

Brazil's real steady after ministerial reshuffle, jobs data

Published 30 Mar, 2021 08:28pm

Real edges up after six-day losing streak.
Strong dollar keeps EM currencies subdued.
Mexico, Colombia stocks hit by commodity prices.

Investors turn bearish on Asian currencies after a year

Published 29 Mar, 2021 06:05am

BENGALURU: Investors were bearish on all Asian currencies for the first time in a year, and also turned short on the...

Yellen open to US banks paying dividends, repurchasing stock

Published 25 Mar, 2021 05:08am

NEW YORK: Treasury Secretary Janet Yellen said on Wednesday that US banks look healthy enough to be allowed to pay...

‘Markets be damned!’: Fed standing firm on inflation fears

Published 15 Mar, 2021 05:22am

WASHINGTON: Skittish investors have see-sawed between celebration about the expected US economic recovery and...

Dow advances as stimulus bill nears finish line

Published 10 Mar, 2021 04:59am

NEW YORK: The Dow climbed on Monday, led by stocks poised to benefit the most from an economic rebound as the $1.9...

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

Published 08 Mar, 2021 08:06pm

This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
"If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.

Gold recovers from 9-month low, but higher yields weigh

Published 04 Mar, 2021 10:03am

The US Senate delayed the start of debate on a $1.9 trillion COVID-19 relief bill until at least Thursday.

Lower interest rates in the United States typically lift demand for higher-yielding assets in emerging markets like South Africa.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
FTSE 100 / Jul 20	10,524.76
Dow Jones / Jul 20	51,839.26
Germany DAX 30 / Jul 20	24,846.69
France CAC40 / Jul 20	8,340.11
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	506.46 ▲ 46.04 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)
Leather Up Ltd. / Jul 21 Leather Up Limited(LEUL)	50.58 ▲ 4.6 (10%)
National Silk / Jul 21 The National Silk & Rayon Mills Limited(NSRM)	329.37 ▲ 29.94 (10%)
Suhail Jute / Jul 21 Suhail Jute Mills Limited(SUHJ)	270.97 ▲ 24.63 (10%)
Reliance Weaving / Jul 21 Reliance Weaving Mills Limited(REWM)	194.02 ▲ 17.64 (10%)

Stock	Price
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.59 ▼ -5.45 (-9.73%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.80 ▼ -8.03 (-9.14%)
Imperial Limited / Jul 21 Imperial Limited(IML)	22.20 ▼ -1.81 (-7.54%)
Sana Ind / Jul 21 Sana Industries Limited(SNAI)	36.10 ▼ -2.69 (-6.93%)
D.M. Corporation / Jul 21 D.M. Corporation Limited(DMC)	185.26 ▼ -12.27 (-6.21%)
Maqbool Textile / Jul 21 Maqbool Textile Mills Limited(MQTM)	31.48 ▼ -1.95 (-5.83%)
Adamjee Life Assur. / Jul 21 Adamjee Life Assurance Company Limited(ALIFE)	30.76 ▼ -1.72 (-5.3%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	23.83 ▼ -1.28 (-5.1%)
Arpak Int. / Jul 21 Arpak International Investments Ltd.(ARPAK)	133 ▼ -6.93 (-4.95%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	60,999,027 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	22,121,432 ▲ 0.5
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	16,865,804 ▲ 0.1
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	14,341,520 ▲ 2.81
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	11,921,210 ▲ 0.87
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	6,911,294 ▲ 0.02
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	5,671,058 ▲ 0.16
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	5,044,465 ▼ -8.03
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	3,995,212 ▲ 0.57
Lotte Chemical / Jul 21 Lotte Chemical Pakistan Limited(LOTCHEM)	3,890,986 ▲ 0.24

US economic recovery

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