Trends - US economy - Business Recorder

US economy

European stocks fall as US payrolls flare rate worries

PARIS: European shares fell on Friday, led by rate-sensitive sectors like real estate and utilities after a...

Published 08 Jun, 2024 07:00am

Markets

Asian stocks rise on rate-cut wagers; spotlight on India

SINGAPORE: Asian stocks rose on Wednesday, while the dollar was steady as a softening US labour market firmed up...

Published 05 Jun, 2024 10:26am

Business & Finance

Dollar drifts lower after revised data

NEW YORK: The dollar fell on Thursday after revised data showed that gross domestic product - the broadest measure ...

Published 31 May, 2024 06:58am

Business & Finance

Dollar mostly flat as market mulls inflation outlook

NEW YORK/LONDON: The dollar traded little changed against major currencies on Friday as market speculation continues...

Published 18 May, 2024 05:45am

Markets

Dollar set for weekly drop on US slowdown signs

SINGAPORE: The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs...

Published 17 May, 2024 10:03am

Business & Finance

Dollar slides after US CPI data

NEW YORK: The dollar fell on Wednesday after US consumer prices rose less than expected in April, indicating...

Published 16 May, 2024 06:28am

Business & Finance

Dollar gains on rate outlook

NEW YORK: The dollar gained on Wednesday as investors continued to bet on the US economy outperforming peers and was...

Published 09 May, 2024 03:11am

Business & Finance

Yen sinks to 34-year low vs dollar

NEW YORK: The yen dropped to multi-year lows against the US dollar and euro on Tuesday, keeping investors on...

Published 24 Apr, 2024 03:50am

Business & Finance

US retail sales beat expectations, boost Q1 growth estimates

WASHINGTON: US retail sales increased more than expected in March amid a surge in receipts at online retailers,...

Published 16 Apr, 2024 03:38am

Markets

Wall Street retreats as higher yields, Tesla dampen sentiment

NEW YORK: Wall Street’s main indexes dropped on Tuesday, dragged down by rising Treasury yields and Tesla, as...

Published 03 Apr, 2024 05:29am

Business & Finance

US economy continues to shine with help from consumers, labor market

WASHINGTON: The US economy grew faster than previously estimated in the fourth quarter, boosted by strong consumer...

Published 01 Apr, 2024 05:34am

Business & Finance

US monthly inflation slows; consumer spending surges

WASHINGTON: US prices increased less than expected in February, with the cost of services outside housing and energy...

Published 30 Mar, 2024 07:30am

Business & Finance

Brazil’s public debt up 2.25pc in February

BRASILIA: Brazil’s federal public debt increased 2.25% in February from the month before to 6.595 trillion reais...

Published 30 Mar, 2024 04:58am

Business & Finance

Dollar dips vs yen after Japan inflation data

NEW YORK: The dollar was down slightly against the Japanese yen on Tuesday after data showing Japan’s core ...

Published 28 Feb, 2024 06:10am

Business & Finance

Dollar inches down as heavy week of data begins

NEW YORK: The dollar edged lower against a basket of major currencies on Monday ahead of US durable goods orders and...

Published 27 Feb, 2024 03:06am

World

Biden or Trump, hawkish economic approach on China to intensify

WASHINGTON: In a shift from tit-for-tat tariffs and strong-arm tactics to tech restrictions and investment curbs, US...

Published 26 Feb, 2024 05:07am

Business & Finance

Dollar drops second straight session

NEW YORK: The dollar fell for a second straight session on Thursday after a mixed batch of data showed that the US...

Published 16 Feb, 2024 06:02am

Markets

Tokyo’s Nikkei index closes nearly 3pc higher

TOKYO: Tokyo stocks surged Tuesday following another record high for the Dow on Wall Street, with exporters boosted...

Published 14 Feb, 2024 02:34am

World

US weekly jobless claims fall more than expected last week

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week,...

Published 08 Feb, 2024 07:36pm

Markets

Dubai up ahead of US employment data

DUBAI: The Dubai stock exchange closed higher on Friday, ahead of crucial US employment data that could hasten bets...

Published 03 Feb, 2024 05:46am

Business & Finance

Dollar gains before Fed, March rate cut seen less likely

NEW YORK: The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push ...

Published 30 Jan, 2024 04:52am

Business & Finance

Moderate US economic growth expected in fourth quarter

WASHINGTON: The US economy likely grew at its slowest pace in 1-1/2 years in the fourth quarter as businesses...

Published 25 Jan, 2024 11:21am

World

US weekly jobless claims fall to level last seen in Sept 2022

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week to the lowest level...

Published 18 Jan, 2024 06:51pm

Markets

Wall St slides as Treasury yields dent megacaps

NEW YORK: Wall Street’s main indexes dropped on Wednesday, as rising Treasury yields pressured megacaps after...

Published 18 Jan, 2024 05:54am

Business & Finance

Dollar falls after weak US services sector data

NEW YORK: The dollar dropped from three-week peaks on Friday in choppy trading after data showed the US services...

Published 06 Jan, 2024 05:17am

Opinion

Outlook 2024-I

Global perspective has recently changed as economies have shown to be more resilient than experts had anticipated....

Published 02 Jan, 2024 05:21am

Markets

Wall Street Week Ahead: History shows strong 2023 could keep US stocks on path for 2024 gains

NEW YORK: The US stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any...

Published 01 Jan, 2024 05:40am

Business & Finance

Asian currencies rise on US rate cut hopes

BENGALURU: Most Asian emerging market stocks rose on Thursday, while the Taiwanese dollar and the South Korean won...

Published 29 Dec, 2023 02:58am

Business & Finance

Dollar higher as big UK inflation drop hits pound

NEW YORK: The dollar strengthened against the pound on Wednesday after data revealed sharply falling UK inflation,...

Published 21 Dec, 2023 03:54am

Markets

King dollar seen vulnerable in 2024 if Fed pivots

NEW YORK: The Federal Reserve’s dovish December pivot has boosted the case for the weakening dollar to keep falling...

Published 20 Dec, 2023 11:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 12	157.24
USD to Swiss Franc / Jun 12	0.90
Pound Sterling to USD / Jun 12	1.27
Euro to USD / Jun 12	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
Nasdaq / Jun 11	17343.55
FTSE 100 / Jun 11	8147.81
Dow Jones / Jun 11	38747.42
Germany DAX 30 / Jun 11	18369.94
France CAC40 / Jun 11	7789.21
India Sensex / Jun 12	76895.82
Tokyo Nikkei / Jun 12	38876.71

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Gold 10 Grams PKR / Jun 11	206876
Petrol/Litre / Jun 12	268.36
Crude Oil USD/Barrel / Jun 12	78.46
Gold Spot USD/Ounce / Jun 12	2315.02
Diesel/Litre / Jun 12	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 12 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 12 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 12 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 12 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 12 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 12 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 12 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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