Trends - US inflation - Business Recorder

US inflation

Europe, Asia markets waver as traders await fresh catalysts

Tokyo, Hong Kong, Sydney, Singapore and Manila dipped but there were gains in Shanghai, Seoul, Mumbai, Taipei, Jakarta, Bangkok and Wellington.

Published 31 May, 2021 05:20pm

Business & Finance

Pent-up demand, shortages fuel US inflation

WASHINGTON: US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal...

Published 30 May, 2021 03:51am

Business & Finance

Dollar strengthens in Europe

LONDON: The dollar strengthened on Friday and was on track for a weekly gain as investors waited for US inflation...

Published 29 May, 2021 03:59am

World

US inflation surges in April; consumer spending moderates

Core PCE price index jumps 0.7% in April.
Core PCE price index accelerates 3.1% year-on-year.
Consumer spending increases 0.5%; income drops 13.1%.

Published 28 May, 2021 08:53pm

Markets

Wall Street advances, unshaken by inflation surge

HP slumps after warning chip shortage will hit PC supplies.
Boeing down on reports of 787 Dreamliner delivery halt.
Indexes up: Dow 0.41%, S&P 0.33%, Nasdaq 0.49%.

Published 28 May, 2021 08:33pm

World

US consumer inflation surges in April

Consumer prices as measured by the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 0.7% last month after gaining 0.4% in March, the Commerce Department said on Friday. In the 12 months through April, the so-called core PCE price index vaulted 3.1%. That followed a 1.9% year-on-year gain in March.

Published 28 May, 2021 07:08pm

World

Fed's Evans says easy monetary policy has his 'full' support

"I have not seen anything yet to persuade me to change my full support of our accommodative stance for monetary policy or our forward guidance about the path for policy," Evans said in remarks prepared for delivery to a Bank of Japan conference.
Government spending has lifted inflation expectations recently, he noted, in what he called a "welcome" development.

Published 25 May, 2021 06:49pm

Markets

Shares wary on U.S. inflation, battered bitcoin charts recovery

European stocks inch up 0.1%, S&P futures shade firmer.
Belarus bonds selloff after airliner drama.
Bitcoin recoups some losses after China clampdown.

Published 24 May, 2021 02:20pm

Markets

Dollar near 3-month low, weighed by Fed's dovish tilt

Dollar struggles for traction as Fed tapering seen months away.
Euro helped by economic reopening but capped by ECB's Lagarde.
Cryptocurrencies wobbly, ether down 60% in less than 2 weeks.

Published 24 May, 2021 08:51am

World

US weekly jobless claims drop further; mid-Atlantic factory activity slows

Weekly jobless claims fall 34,000 to 444,000.
Continuing claims increase 111,000 to 3.751 million.
Mid-Atlantic factory activity, hiring slow in May.

Published 20 May, 2021 09:23pm

Markets

European stocks slip

AMSTERDAM/LONDON: European stocks dipped on Monday after staging a sharp recovery late last week, as underwhelming...

Published 18 May, 2021 05:05am

Markets

Copper clings to gains near record high on demand hopes

LONDON: Copper hovered near record highs on Wednesday as expectations of strong demand in a lower carbon economy and...

Published 13 May, 2021 03:10am

Business & Finance

Sterling hurt by stronger dollar, still near highs

LONDON: The pound fell after higher-than-expected US inflation data prompted the dollar to strengthen on Wednesday,...

Published 13 May, 2021 03:10am

Business & Finance

Dollar stays down against peers in Europe

LONDON: The US dollar hovered above a 2-1/2-month low versus major peers on Wednesday, as traders hung on to bets...

Published 13 May, 2021 03:10am

Markets

Fed talk subdues dollar as inflation remains focus

Dollar index lingers near 2-1/2-month low before CPI data.
Euro near 2-1/2-month high as region's outlook improves.
Cryptocurrency ether hits new record high at $4,358.38.

Published 12 May, 2021 05:23pm

Business & Finance

Aussie, kiwi rally

SYDNEY: The Australian and New Zealand dollars were pushing higher on Wednesday, as global markets refused to be...

Updated 15 Apr, 2021 10:07am

Markets

Australia, NZ dollars rally as risk sentiment survives US inflation test

"Consumers are in a sweet spot at the moment. The labour market is strong, accumulated savings are elevated and it appears households are resilient to a slow vaccine rollout," said CBA economist Belinda Allen.

Published 14 Apr, 2021 11:36am

Markets

Most Asian markets rise as earnings come into focus

Pfizer also said it had enough production capacity to produce more than two billion doses this year.

Published 14 Apr, 2021 11:12am

Markets

US MIDDAY: Gold slips

NEW YORK: Gold fell on Monday as an uptick in US Treasury yields weighed on bullion’s appeal, while investors...

Published 13 Apr, 2021 04:31am

Markets

Gold falls in European trade

AMSTERDAM/LONDON: Gold fell on Monday as an uptick in US Treasury yields dimmed bullion’s appeal, while investors...

Published 13 Apr, 2021 04:31am

Markets

Dollar dips before inflation data, Treasury supply

The dollar's performance has been tied to US Treasury yields for most of 2021, after concern about rising inflation in the United States and a stimulus-fuelled economic rebound triggered a jump in Treasury yields.
The dollar index was last down 0.11% against a basket of currencies at 92.108. It is holding above a three-week low of 91.995 reached on Thursday.

Published 12 Apr, 2021 08:50pm

Markets

Gold prices slip as yields gain on higher inflation

Hedge funds and money managers raised their bullish positions in COMEX gold and silver contracts in the week to April 6, the US Commodity Futures Trading Commission (CFTC) said on Friday.

Published 12 Apr, 2021 09:55am

Markets

US inflation data delayed by website glitch, shows wholesale price jump

WASHINGTON: Annual US wholesale inflation spiked to its highest rate in nearly a decade last month, but the news was...

Published 10 Apr, 2021 04:35am

Business & Finance

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars clung to gains on Thursday after a tame reading on US inflation...

Published 12 Mar, 2021 05:10am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar ticked higher on Wednesday, rebounding from a slight dip after a tame US inflation report, ...

Published 11 Mar, 2021 05:25am

Business & Finance

US inflation stays muted as chaotic 2020 ends

The food index, both for meals at home and away, rose 0.4 percent.

Updated 13 Jan, 2021 11:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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