Trends - Christine Lagarde - Business Recorder

Christine Lagarde

Early trade in New York: Euro and dollar waffle

NEW YORK: Major currencies gyrated between modest gains and losses on Thursday as markets tried to digest European...

Updated 23 Apr, 2021 10:01am

Markets

ECB to reassure on cheap money as virus woes persist

Lagarde may also repeat her plea for eurozone governments to share the load through fiscal stimulus.

Published 22 Apr, 2021 11:09am

Business & Finance

ECB's Lagarde says euro zone economy still on crutches

"Think of a patient which is out of a deep crisis but still on two crutches," Lagarde said.
"You don't want to remove either crutch, the fiscal or the monetary, until the patient can actually walk fine, and to do that means support well into the recovery."

Published 14 Apr, 2021 08:54pm

Markets

Euro zone yields dip, ECB says could reduce bonds buys

The central bank ramped up buying of sovereign bonds after a surge in U.S. Treasury yields lifted borrowing costs in the bloc and threatened Europe's tentative recovery.

Updated 09 Apr, 2021 12:08am

Markets

Euro zone bond yields fall despite a surge in inflation

Inflation excluding food and energy prices, a less volatile measure that the ECB watches more closely, slowed to 1%.

Published 31 Mar, 2021 11:47pm

Markets

Big tech lifts equities as Biden rebuilding plan in focus

Britain's blue-chip FTSE 100 index fell 0.9pc as online food delivery firm Deliveroo closed down 30pc on its first day of trading.

Updated 01 Apr, 2021 12:01am

World

Pandemic upsurge hits Europe recovery hopes

PARIS: An upsurge in new coronavirus cases is forcing governments across Europe into new, damaging lockdowns that...

Published 30 Mar, 2021 05:45am

World

Pandemic upsurge hits Europe recovery hopes

Credit insurer Euler Hermes estimates that the EU is now seven weeks adrift of its target to have 70 percent of the population vaccinated by the end of the summer, compared with five weeks in February.

Updated 28 Mar, 2021 05:32pm

World

ECB's Lagarde warns of uncertainty about speed of vaccination

"The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.
We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.

Published 22 Mar, 2021 09:22pm

Markets

Gold extends losses as US bond yields firm, dollar rebounds

The European Central Bank may need some time before the recently agreed acceleration in the pace of money printing, ECB President Christine Lagarde said on Thursday.

Published 19 Mar, 2021 10:06am

Markets

German yields rise with US treasuries as ECB impact fades

Ten-year US Treasury yields rose to over 1.63%, their highest level since February 2020 and their German equivalents, the benchmark for the region, rose as high as -0.293%.
Italian 10-year yields, which outperformed the market on Thursday as the country is among the top beneficiaries of ECB bond buying, were up 5 basis points at 0.63%.

Published 12 Mar, 2021 09:36pm

Business & Finance

ECB to accelerate bond buys on rates fears

The Frankfurt institution meanwhile left key interest rates unchanged.

Published 11 Mar, 2021 07:13pm

Opinion

Markets look to ECB for reassurance on cheap money

The European Central Bank is on Thursday expected to stress its commitment to keeping borrowing costs low, as...

Published 09 Mar, 2021 05:45am

Markets

Euro zone bond markets sell off on rising US bond yields, oil surge

Rising oil prices tend to move closely with inflation expectations in the euro area, pushing bond yields up and their prices down.

Published 08 Mar, 2021 02:29pm

Markets

Markets look to ECB for reassurance on cheap money

A series of one-off effects is expected to see consumer prices climb further this year and perhaps even overshoot the target, complicating the ECB's job.

Published 08 Mar, 2021 12:25pm

Markets

European government bond yields ignore Lagarde's verbal intervention; focus on Fed

ECB President Christine Lagarde said on Monday the central bank was "closely monitoring" rising borrowing costs - a comment that knocked Germany's 10-year Bund yield off its eight-month high.
The ECB's strategy "is not to burn too much cash trying to lean against the wind - rather to intervene verbally", he said, citing lower levels of ECB bond-buying last week.

Published 23 Feb, 2021 09:11pm

Business & Finance

ECB getting uncomfortable with rise in yields

Risk-free overnight indexed swap rates and sovereign yields are particularly important, because they are good early indicators of what happens at downstream stages of monetary policy transmission.
"Accordingly, the ECB is closely monitoring the evolution of longer-term nominal bond yields," she said.

Published 22 Feb, 2021 09:30pm

Markets

Shares turn cautious as bond yields, commodities surge

The euro was steady at $1.2120, corralled between support at $1.2021 and resistance around $1.2169.

Published 22 Feb, 2021 12:15pm

Business & Finance

Bitcoin goldrush sparks fears of speculative bubble

European Central Bank President Christine Lagarde declared this month that bitcoin was "not a currency" and was a "highly speculative" asset requiring global regulation.

Published 19 Feb, 2021 10:28am

Business & Finance

Just 270 crypto addresses laundered $1.3bn in dirty funds last year

LONDON: Criminals are using a small group of cryptocurrency brokers and services to launder hundreds of millions of...

Published 15 Feb, 2021 04:53am

World

Europe will need fiscal help into 2022: Lagarde

Lagarde also called on European Union leaders to kick start the bloc's 750 billion euro Next Generation EU spending package as some economic restrictions could remain in place until the second half of the year.

Updated 11 Feb, 2021 12:30am

ECB’s Lagarde says cancelling Covid debts ‘unthinkable’

PARIS: European Central Bank (ECB) chief Christine Lagarde on Sunday rejected calls to cancel debts run up by...

Updated 08 Feb, 2021 09:22am

World

ECB's Lagarde says cancelling Covid debts 'unthinkable'

She forecast that 2021 would be a year of "recovery" but acknowledged that the eurozone would not return to pre-pandemic levels of activity "before mid-2022".

Published 07 Feb, 2021 06:18pm

Business & Finance

Central bank digital cash could come to 20pc of the world in three years: BIS

LONDON: Central banks representing one-fifth of the world’s population are likely to issue their own digital...

Published 01 Feb, 2021 03:39am

Business & Finance

Big eurozone banks face loans risk from virus: ECB

FRANKFURT AM MAIN: The eurozone’s big banks have successfully weathered the coronavirus crisis so far but could ...

Updated 29 Jan, 2021 09:39am

Business & Finance

Euro falls in Europe

LONDON: The euro fell on Wednesday, under pressure after a European Central Bank official said the bank was...

Published 28 Jan, 2021 04:40am

Markets

ECB launches small climate-change unit to lead Lagarde's green push

More significantly, ECB policymakers are also debating what role climate considerations should play in the institution's multi-trillion euro bond-buying programme.

Published 25 Jan, 2021 03:10pm

Markets

European stocks rise

MILAN/FRANKFURT: European stocks rose on Thursday on hopes of a large US stimulus plan under new President Joe ...

Published 22 Jan, 2021 04:47am

Business & Finance

Worsening pandemic poses 'serious risks', ECB's Lagarde warns

FRANKFURT AM MAIN: European Central Bank chief Christine Lagarde warned on Thursday that the pandemic still poses...

Published 22 Jan, 2021 04:47am

Business & Finance

Early trade in New York: Dollar drops for third day on US stimulus optimism

NEW YORK: The dollar fell for a third straight session on Thursday, with investors seeking out higher-yielding...

Published 22 Jan, 2021 04:47am

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 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Christine Lagarde

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