Trends - US monetary policy - Business Recorder

US monetary policy

S&P 500 pauses after recent gains as investors assess rate path

NEW YORK: The benchmark S&P 500 was broadly unchanged on Wednesday, pausing after a recent rally as investors...

Published 09 May, 2024 03:11am

Business & Finance

Indonesia says posts Jan-Mar budget surplus of 0.04% of GDP

JAKARTA: Indonesia booked a budget surplus of 8.1 trillion rupiah ($499.38 million) in the January-March period, or...

Published 26 Apr, 2024 10:02am

Markets

Tokyo stocks close higher

TOKYO: Tokyo stocks closed higher on Monday, rebounding from sharp losses last week as fears over the Middle East...

Published 23 Apr, 2024 03:41am

Markets

Asian shares surge on rate cut prospects

INDONESIAN: Asian shares climbed on Thursday, buoyed by the prospect of impending US rate cuts despite uncertainty...

Published 05 Apr, 2024 04:50am

World

Hunger rises in Gaza as UN prepares to vote on ceasefire resolution

CAIRO/UNITED NATIONS: Hunger was worsening among Palestinians in the besieged Gaza strip, aid agencies said, as the...

Published 12 Dec, 2023 10:05am

Business & Finance

US dollar falls

NEW YORK: The dollar fell on Friday, after two days of gains, as Federal Reserve Chair struck a cautious tone on...

Published 02 Dec, 2023 05:09am

Markets

China’s yuan eases in thin trade, market awaits US jobs data for guidance

SHANGHAI/SINGAPORE: China’s yuan eased against the dollar in thin trading on Friday, as many investors remained on...

Published 07 Apr, 2023 10:21am

Markets

Most Gulf markets in red

DUBAI: Most stock markets in the Gulf ended lower on Monday, extending losses from the previous session as the...

Published 14 Mar, 2023 03:18am

Markets

Copper poised for third straight weekly loss on weak Chinese demand

LONDON: Copper prices were on track for a third consecutive weekly loss on Friday as Chinese demand remained weak ...

Published 13 Feb, 2023 05:57am

Markets

Gulf markets rise on China demand optimism

DUBAI: Gulf stock markets closed higher on Tuesday on expectations of economic recovery in the world’s second...

Published 25 Jan, 2023 06:25am

Markets

Dollar rises, yuan slumps as China’s COVID unrest spooks markets

SINGAPORE: The dollar climbed on Monday as protests in China against the government’s anti-COVID policies made...

Updated 28 Nov, 2022 11:23am

Markets

China stocks end lower

SHANGHAI: China stocks closed down on Thursday as a flare-up in domestic COVID-19 cases spurred concerns over more...

Published 18 Nov, 2022 05:53am

Markets

Bank of Japan sticks to easing despite yen pressure

TOKYO: The Bank of Japan stuck to its ultra-loose monetary policies Friday, even as the yen comes under pressure...

Published 28 Oct, 2022 10:46am

Fed to ‘keep pushing’ rates higher until clear inflation is falling

WASHINGTON: The Federal Reserve will “keep pushing” to tighten US monetary policy until it is clear that...

Published 18 May, 2022 05:54am

Business & Finance

Fed wants to see US growth ‘moving down’: Fed’s Powell

WASHINGTON: The US central bank wants to see economic growth slowing and “clear” evidence of inflation decelerating...

Published 18 May, 2022 12:59am

Markets

Saudi leads Gulf bourses lower on growth worries

DUBAI: Saudi Arabia led Gulf stock markets lower on Tuesday as rising interest rates and lower economic growth...

Published 11 May, 2022 04:58am

Markets

Gold steadies as dollar, bond yields ease

LONDON: Gold steadied on Wednesday, recouping some losses after hitting a near two-week trough, as the dollar and US...

Published 21 Apr, 2022 05:26am

Markets

Japan's Nikkei hits 3-week low on Fed, China worries

TOKYO: Japan's Nikkei stock index fell to a three-week low on Thursday, as investors fretted over prospects of ...

Published 07 Apr, 2022 10:47am

Markets

UK shares break 3-day winning streak on US rate hike worries

Hawkish Fed view sparks selloff in equities
Imperial Brands gains after H1 trading update

Published 07 Apr, 2022 05:15am

Markets

European shares slump as US rate hike, sanctions anxiety weigh

PARIS: European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive US...

Published 07 Apr, 2022 05:15am

Business & Finance

Australia dollar off 10-month top, market bets the farm on June rate hike

SYDNEY: The Australian dollar found broad support on Wednesday as the market narrowed the odds on a local rate hike...

Published 07 Apr, 2022 05:15am

Markets

Japanese stocks suffer

TOKYO: Foreigners stepped up selling in Japanese shares last week, as concerns over inflation and expectations of a...

Published 28 Jan, 2022 04:44am

Markets

Tokyo stocks close lower on Ukraine concerns

TOKYO: Tokyo stocks closed lower on Tuesday, with investors cautious over geopolitical risks linked to Ukraine and...

Published 26 Jan, 2022 04:41am

Markets

Tokyo stocks end lower following Wall Street

TOKYO: Tokyo stocks closed lower on Tuesday after Wall Street shares ended mostly down on worries over a possible...

Published 12 Jan, 2022 04:25am

Markets

Some Wall Street banks see four US interest rate hikes this year

Goldman Sachs expects the Federal Reserve to raise interest rates four times this year and begin the process of...

Published 10 Jan, 2022 07:26pm

Markets

Copper slips as Omicron restrictions power dollar

LONDON: Copper prices snapped a three-day advance on Thursday as government restrictions to temper the spread of the...

Published 10 Dec, 2021 04:29am

Markets

Weak US jobs data a boon for stocks

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

Published 06 Dec, 2021 06:19am

Business & Finance

Dollar rises from one-month low

NEW YORK/LONDON: The dollar rose from a one-month low on Monday, ahead of central bank meetings and economic data...

Published 26 Oct, 2021 04:39am

Markets

European shares end flat

LONDON: European stocks ended flat on Tuesday as investors held back from making big bets ahead of an update on US...

Published 25 Aug, 2021 04:43am

Markets

Dollar off 4-month high as cooling inflation eases pressure for Fed

Mundy expects a taper announcement in September if jobs data for August remains strong

Published 12 Aug, 2021 11:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Petrol/Litre / May 17	273.10
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Diesel/Litre / May 17	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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