Trends - Fed Chair Jerome Powell

Fed Chair Jerome Powell

Trump, not yet in office, already a figure in global economic policy

WASHINGTON: The world’s economic reckoning with the incoming administration of U.S. President-elect Donald Trump...

Published 19 Dec, 2024 08:23am

Business & Finance

Fed expected to combine interest rate cut with hawkish 2025 outlook

WASHINGTON: The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling...

Published 18 Dec, 2024 12:36pm

Markets

Asian stocks retreat, bitcoin soars to record on Trump euphoria

SINGAPORE: Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was...

Published 12 Nov, 2024 10:47am

Markets

Bond rebound uncertain as Trump plans overshadow Fed rate cuts

NEW YORK: Prospects of a near-term rebound in the $28-trillion US government bond market are faltering, as Donald...

Published 08 Nov, 2024 11:09am

Markets

Gold jumps to record high on rate bets, weaker US dollar

Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts, while...

Published 25 Sep, 2024 10:30am

Markets

India bond yields dip as bulls take charge, reversing early rise

MUMBAI: Indian government bond yields dipped slightly on Thursday, reversing an early rise as traders resumed bond...

Published 19 Sep, 2024 10:16am

Business & Finance

Dollar dips ahead of Powell comments

NEW YORK: The dollar retreated from earlier highs on Monday ahead of comments from Federal Reserve Chair Jerome...

Published 16 Jul, 2024 06:43am

Markets

Asia stocks rally, bond yields fall as investors assess Fed outlook

TOKYO: Asian equities rallied on Thursday, while bond yields slid, as investors weighed cooling US inflation against...

Published 13 Jun, 2024 10:00am

Markets

Australia, NZ dollars bow to yen strength, gain ground on dollar

SYDNEY: The Australian and New Zealand dollars are headed for heavy weekly losses on the yen but gained ground on...

Published 03 May, 2024 11:24am

Markets

Wall Street gains on Fed’s dovish signals

NEW YORK: Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates...

Published 03 May, 2024 06:29am

Business & Finance

US Fed likely to keep rates steady as hopes of early cuts fade

WASHINGTON: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday,...

Updated 01 May, 2024 07:51pm

Markets

Japan’s Nikkei edges lower as investors await Fed decision

TOKYO: Japan’s Nikkei share average fell in the morning session on Wednesday, with traders maintaining a cautious...

Published 01 May, 2024 11:24am

Opinion

Gold price surges to record high

The “DOT PLOT”, which predicts three interest rate decreases in 2024, remains intact despite Fed Chairman...

Updated 22 Mar, 2024 05:33am

Markets

Gold holds in tight range ahead of Fed verdict, Powell speech

Gold prices were stuck in a tight range on Wednesday as traders prepared for a key policy decision from the US...

Published 20 Mar, 2024 10:26am

Markets

Yen gains as bets firm for imminent rate hike; sterling slides

TOKYO: The yen strengthened against the dollar on Monday as signs the Bank of Japan will exit negative interest...

Published 11 Mar, 2024 09:24am

Markets

Dollar keeps tight ranges ahead of Fed, jobs data

TOKYO: The dollar held narrow ranges against its major peers on Tuesday, as traders awaited the Federal Reserve’s...

Published 30 Jan, 2024 09:55am

Markets

Gold holds tight range as traders await US data for more Fed cues

Gold prices were stuck in a narrow trading range on Tuesday as investors awaited more US economic data this week...

Published 19 Dec, 2023 10:08am

Markets

Dollar takes a dive after Fed signals rate cuts next year

TOKYO: The dollar was under pressure on Thursday after the Federal Reserve’s latest economic projections indicated...

Published 14 Dec, 2023 09:35am

Business & Finance

Powell says Fed to move ‘carefully’ on interest rates

ATLANTA: The risks of the Federal Reserve moving too far with interest rate hikes, and slowing the economy more than...

Published 04 Dec, 2023 05:35am

Markets

Asia stocks turn lower, gold jumps as oil slips

SYDNEY: Asian shares slipped on Monday ahead of potentially market-moving inflation data from the United States and...

Published 27 Nov, 2023 10:24am

Business & Finance

Dollar dips on growing bets Fed rate hikes are over

NEW YORK: The US dollar fell to an almost eight-week low against the euro on Monday on growing confidence that the...

Published 07 Nov, 2023 06:33am

Business & Finance

Dollar drops after Fed’s Powell hints at June pause

NEW YORK: The dollar fell on Friday after Federal Reserve Chair Jerome Powell struck a moderately dovish stance,...

Published 22 May, 2023 06:23am

Markets

Treasury bills squeezed as debt ceiling deadline looms

SINGAPORE: Short-dated Treasury bills were under pressure on Tuesday and the cost of insuring against a US default...

Published 02 May, 2023 10:31am

Markets

Fed delivers small rate hike, says 'some additional' tightening possible

Raises interest rates by a quarter of a percentage point

Published 22 Mar, 2023 11:13pm

Markets

US Fed to balance banking woes, inflation in next rate decision

WASHINGTON: US central bankers face an unenviable task when they gather in Washington next week: tackling persistent...

Updated 19 Mar, 2023 12:19pm

Markets

Wall Street Week Ahead: Inflation data awaited by markets hit by worries about Fed, banks

NEW YORK: A critical inflation report next week will test a US stock market already consumed by worries over Federal...

Published 13 Mar, 2023 06:15am

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

World

Slower, but still solid US job growth expected in February

WASHINGTON: US job growth likely slowed to a still-solid pace in February, with the unemployment rate expected to...

Published 10 Mar, 2023 12:43pm

Markets

Wall St gains as rate hike jitters ease ahead of payrolls report

NEW YORK: Wall Street’s main indexes rose on Thursday after a jump in weekly jobless claims soothed worries about...

Published 10 Mar, 2023 03:46am

Markets

China stocks drop on hawkish Fed stance

HONG KONG: Hong Kong stocks slumped, while China shares fell slightly on Wednesday after US Federal Reserve Chair...

Published 09 Mar, 2023 06:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Markets →

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Fed Chair Jerome Powell

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