Trends - US interest rates - Business Recorder

US interest rates

Possible Fed could raise rates beyond December forecast: Powell

NEW YORK: Federal Reserve Chairman Jerome Powell said on Wednesday he is not fully sure where the central bank will...

Published 02 Feb, 2023 04:51am

Business & Finance

US Fed starts policy meeting with smaller rate hike likely

WASHINGTON: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow...

Published 31 Jan, 2023 09:16pm

Markets

Dollar set for fourth monthly drop as Fed meeting looms

SINGAPORE: The dollar was eyeing a fourth monthly loss on Tuesday as investors reckon a peak in US interest rates...

Published 31 Jan, 2023 09:44am

Markets

Fed wants 'flexibility' on rates as inflation remains key focus, minutes show

WASHINGTON: All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should ...

Published 05 Jan, 2023 12:55am

Markets

Dollar gains as US spending points to rate hikes; Aussie tumbles

SINGAPORE: The dollar rebounded on Thursday as strong US retail data cast doubt on the recent narrative that...

Published 17 Nov, 2022 10:40am

Business & Finance

Sterling hits 3-month high

LONDON: The pound hit three-month highs against the dollar on Tuesday, after last month’s US producer inflation...

Published 16 Nov, 2022 05:50am

Markets

Copper gains as US inflation data points to fewer rate rises

LONDON: Prices of copper and other industrial metals rose sharply on Thursday after US data showed that underlying...

Published 11 Nov, 2022 05:54am

Markets

Wall St slides as Fed signals more interest rate hikes

Wall Street's main indexes were on track to extend losses for a fourth straight session on Thursday as investors...

Published 03 Nov, 2022 11:45pm

Markets

Gold set for seventh monthly loss; Fed meeting in focus

Gold prices were flat on Monday and headed for a seventh straight monthly loss, pressured by oversized US interest...

Published 31 Oct, 2022 12:11pm

Opinion

Debt rescheduling challenge

The country is going through a very difficult balance of payment (BoP) situation. The core of the problem is growing...

Published 31 Oct, 2022 06:23am

Opinion

As US Treasuries tumble, some investors say turning point is near

Some investors believe Treasury yields are close to peaking, even as markets continue pricing in more hawkishness...

Published 22 Oct, 2022 05:42am

Markets

Gold choppy

NEW YORK: Gold wobbled near a one-week low on Tuesday, with price moves restrained as investors sat tight before a...

Published 12 Oct, 2022 05:46am

Markets

Copper firms

LONDON: Copper prices rose on Monday but Chinese-led demand fears, expectations of further increases to US interest...

Published 11 Oct, 2022 05:54am

Markets

Yields rise as Fed officials vow to fight hot inflation

NEW YORK: Treasury yields rose on Friday in a volatile week rocked by a Bank of England intervention that sent bond...

Published 03 Oct, 2022 05:52am

Opinion

Embattled emerging markets face fresh pain from US rate hikes

The prospect of US interest rates climbing to levels last seen in the run-up to the global financial crisis has cast...

Published 28 Sep, 2022 05:51am

Markets

Gold steadies near 2.5-year low

NEW YORK: Gold prices edged up from a 2-1/2-year low on Monday as the dollar pulled back slightly from its ...

Published 27 Sep, 2022 04:06am

Markets

Stocks recover before US rate hike

LONDON: European stock markets recovered from initial falls Wednesday, as traders awaited another hefty US interest...

Updated 21 Sep, 2022 05:17pm

Markets

Aluminium slides on strong dollar and demand outlook

LONDON: Aluminium prices dropped to a 17-month low on Wednesday and most other base metals lost ground as faltering...

Published 08 Sep, 2022 05:43am

Markets

Yen sinks to new 24-year low against dollar

LONDON: The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing...

Updated 01 Sep, 2022 09:02pm

Oil prices sink $2/bbl on possible Iran oil exports, rising interest rates

NEW YORK: Oil prices slumped by about $2 a barrel on Thursday in volatile trade as investors braced for the possible...

Published 26 Aug, 2022 05:35am

Markets

S&P 500, Nasdaq retreat despite signs of slowing inflation

NEW YORK: The S&P 500 and Nasdaq retreated on Thursday despite fresh evidence of inflation cooling further on ...

Published 12 Aug, 2022 05:44am

Markets

FTSE 100 ends down as GSK slumps

LONDON: Britain’s main stock indexes closed lower on Thursday, with the blue-chip FTSE 100 hit by a slump in...

Published 12 Aug, 2022 05:44am

Fed unveils 75-basis-point rate hike

Move aimed at cooling down most intense breakout of inflation since the 1980s

Updated 28 Jul, 2022 10:56am

Markets

Gold attempts rebound as dollar stalls ascent

LONDON: Gold rose on Thursday as a pause in the dollar’s rally encouraged some investors to snap up bargains after...

Published 08 Jul, 2022 05:36am

Markets

Toxic cocktail darkens outlook for British pound

LONDON: A toxic cocktail of sluggish growth and high inflation, plus Brexit and fallout from the coronavirus...

Published 10 Jun, 2022 10:33am

Markets

Gold hits 2-week low amid rising US yields, dollar

LONDON: Gold prices slid to a two-week low on Wednesday on a stronger dollar and US Treasury yields amid renewed...

Published 02 Jun, 2022 06:19am

Business & Finance

Australian dollar on a high after once-in-a-decade rally

SYDNEY: The Australian and New Zealand dollars held huge gains on Thursday after markets scaled back wagers for...

Published 06 May, 2022 05:03am

Markets

Earnings optimism helps Wall Street shrug off rising yields

NEW YORK: US stocks rose on Tuesday even in the face of surging Treasury yields as a positive earnings reports ...

Published 20 Apr, 2022 05:12am

Markets

Playing catch-up, zloty set to gain the most in CEE

PRAGUE: The Polish zloty should lead gains among central European currencies over the next 12 months as it plays...

Published 03 Feb, 2022 01:14pm

Business & Finance

Dollar poised for biggest weekly rise in 7 months on rate bets

NEW YORK/LONDON: The dollar consolidated gains on Friday and was on track for its biggest weekly rise in seven ...

Published 29 Jan, 2022 06:05am

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Feb 6 First Prudential Modaraba(PMI)	1.65 ▲ 0.19 (13.01%)
Abdullah Shah / Feb 6 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.27 ▲ 0.57 (10.00%)
HBL Invest Fund / Feb 6 HBL Investment Fund(HIFA)	1.80 ▲ 0.15 (9.09%)
P.I.A.C.(A) / Feb 6 Pakistan International Airlines Corp(PIAA)	4.07 ▲ 0.33 (8.82%)
Samba Bank / Feb 6 Samba Bank Limited(SBL)	7.70 ▲ 0.56 (7.84%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	64.68 ▲ 4.51 (7.50%)
Din Tex. / Feb 6 Din Textile Mills Limited(DINT)	102.63 ▲ 7.16 (7.50%)
Sapphire Textile / Feb 6 Sapphire Textile Mills Limited(SAPT)	1096.50 ▲ 76.50 (7.50%)
Shield Corp. / Feb 6 Shield Corporation Limited(SCL)	235.38 ▲ 16.42 (7.50%)
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	92.38 ▲ 6.44 (7.49%)

Stock	Price
First Elite Cap.Mod / Feb 6 First Elite Capital Modaraba(FECM)	3 ▲ -0.32 (-9.64%)
Shaheen Ins. / Feb 6 Shaheen Insurance Company Limited(SHNI)	3 ▲ -0.30 (-9.09%)
AL-Noor Sugar / Feb 6 Al-Noor Sugar Mills Limited(ALNRS)	57.35 ▲ -4.64 (-7.49%)
Crescent Fib. / Feb 6 Crescent Fibres Limited(CFL)	52.73 ▲ -4.27 (-7.49%)
MCB-ARIF Habib / Feb 6 MCB-Arif Habib Savings and Invest(MCBAH)	21.97 ▲ -1.78 (-7.49%)
Pak Leather / Feb 6 Pak Leather Crafts Limited(PAKL)	18.21 ▲ -1.47 (-7.47%)
Quetta Textile / Feb 6 Quetta Textile Mills Limited(QUET)	14.36 ▲ -1.16 (-7.47%)
JDW Sugar / Feb 6 JDW Sugar Mills Limited(JDWS)	310.10 ▲ -24.67 (-7.37%)
Ellcot Spinning / Feb 6 Ellcot Spinning Mills Limited(ELSM)	121 ▲ -8.98 (-6.91%)
Dadex Eternit / Feb 6 Dadex Eternit Limited(DADX)	32.65 ▲ -2.38 (-6.79%)

Stock	Volume
Pak Petroleum / Feb 6 Pakistan Petroleum Limited(PPL)	19,336,165 ▼ 5.22
Oil & Gas Dev. / Feb 6 Oil & Gas Development Company Limited(OGDC)	10,522,851 ▼ 6.44
Sui North Gas / Feb 6 Sui Northern Gas Pipelines Limited(SNGP)	8,597,529 ▼ 1.85
Hub Power Co. / Feb 6 The Hub Power Company Limited(HUBC)	7,912,174 ▲ -0.33
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	7,490,206 ▼ 0.02
Dewan Motors / Feb 6 Dewan Farooque Motors Limited(DFML)	5,698,000 ▼ 0.04
Gul Ahmed / Feb 6 Gul Ahmed Textile Mills Limited(GATM)	4,995,028 ▲ -0.21
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	4,919,390 ▼ 0.05
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	4,832,816 ▼ 0.01
TRG Pak Ltd / Feb 6 TRG Pakistan Limited(TRG)	4,574,299 ▼ 2.26

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	275
USD PKR Interbank Buying / Feb 6	273.50
USD to Japanese Yen / Feb 3	131.19
USD to Swiss Franc / Feb 3	0.93
Pound Sterling to USD / Feb 3	1.21
Euro to USD / Feb 3	1.08
UK LIBOR % / Feb 3	4.30

Stock	Volume
S&P 500 / Feb 3	4136.48
Nasdaq / Feb 3	12006.96
FTSE 100 / Feb 3	7901.80
Dow Jones / Feb 3	33926.01
Germany DAX 30 / Feb 3	15546.43
France CAC40 / Feb 3	7233.94
India Sensex / Feb 6	60577.20
Tokyo Nikkei / Feb 6	27693.65
Hang Seng / Feb 6	21349.17

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 3	22235
Gold 10 Grams PKR / Feb 3	208500
Crude Oil USD/Barrel / Feb 6	73.58
Gold Spot USD/Ounce / Feb 6	1876.61
Cotton US¢/pound / Feb 6	84.80

US interest rates

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