Trends - Federal Open Market Committee

Federal Open Market Committee

Nikkei gains on weaker yen, China’s surprise policy shift

TOKYO: Japan’s Nikkei share average advanced on Tuesday as a softer yen lifted exporter shares, while stocks with a...

Published 10 Dec, 2024 10:23am

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

Yen trips past 160-per-dollar to April 1990 lows

SINGAPORE: The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in...

Published 29 Apr, 2024 09:56am

Markets

Open-market: rupee unchanged against US dollar

The Pakistani rupee closed unchanged against the US dollar in the open market on Monday, while the local currency...

Updated 11 Dec, 2023 05:35pm

Markets

Dollar steady with US inflation, Fed meeting eyed; yuan heavy

SINGAPORE: The dollar started Monday on the front foot, with a reading on US inflation and the Federal Reserve’s...

Published 11 Dec, 2023 09:43am

Markets

Wall Street muted as investors digest inflation data

NEW YORK: Wall Street’s main indexes were subdued in choppy trading on Thursday, as data showed consumer prices...

Published 13 Oct, 2023 05:50am

Markets

Dollar gains, on track for second straight monthly loss

SINGAPORE: The dollar began the last trading week of the month on a firmer footing, with traders awaiting a slew of...

Published 24 Apr, 2023 10:29am

Markets

US Fed poised for smaller rate hike with eye on wage growth

Decision will be announced after a two-day meeting of the policy-setting Federal Open Market Committee (FOMC) starting Tuesday

Updated 11 Dec, 2022 06:27pm

Markets

US Fed raises key interest rate as recession fears mount

It was the third consecutive increase of 0.75 percentage point

Updated 21 Sep, 2022 11:51pm

Markets

Wall Street slips ahead of Fed meeting minutes

NEW YORK: US stock indexes slipped on Wednesday as investors awaited minutes from the Federal Reserve’s meeting to...

Published 07 Jul, 2022 05:35am

Markets

Gold muted as traders look past Fed to focus on economic data

Gold prices were flat on Tuesday, as traders digested the US Federal Reserve's policy tightening plans, while ...

Updated 01 Feb, 2022 01:22pm

Business & Finance

Fed sharpens inflation-fighting tools as rate hikes near

WASHINGTON: The Federal Reserve has its inflation-fighting weapons ready to fire, and when the US central bank's...

Published 23 Jan, 2022 11:24am

Markets

Gold prices ease

LONDON: Gold prices edged lower on Tuesday, as the dollar firmed, ahead of a Federal Reserve meeting that investors...

Published 15 Dec, 2021 06:34am

Markets

Dollar edges up, euro falls before central bank meetings

The dollar edged higher on Monday as investors braced for a batch of central banks' policy meetings this week,...

Published 13 Dec, 2021 03:55pm

Business & Finance

Japan’s 10-year bond yields gain

TOKYO: Japan’s 10-year government bond yields rose on Friday amid cautious trade ahead of US inflation data and...

Published 13 Dec, 2021 06:45am

Markets

Fed may hint at ending stimulus, but no big moves expected

The growing consensus is that the much-anticipated first step will not be announced until November and ultimately begin in December

Published 22 Sep, 2021 10:14am

Fed to meet as inflation, virus variants complicate US recovery

WASHINGTON: As rising prices and the spread of new Covid-19 variants increase risks to the US economy, Federal...

Published 26 Jul, 2021 06:03am

Markets

Tokyo stocks open higher

The dollar changed hands at 109.70 yen in early Asian trade against 109.66 in New York late Friday.

Published 14 Jun, 2021 11:18am

Markets

Inflation-tolerant Fed will boost commodity prices

LONDON: The US Federal Reserve has signalled it will tolerate faster inflation for a time to cement the ...

Published 02 May, 2021 03:23am

Markets

Fed set to reaffirm recovery mission, face down inflation fears

Powell has frequently noted that it took a decade after the 2008 global financial crisis for the US economy to return to full employment, while inflation consistently fell short of its target.

Published 28 Apr, 2021 11:25am

Markets

Yields lower as traders weigh Biden tax plan prospects

The benchmark 10-year yield was down 2.3 basis points at 1.5331% in morning trading, at low end of the 1.528% to 1.646% range it has held since April 15.
Treasury auctions of 2-year, 5-year and 7-year notes on Monday and Tuesday totaling $183 billion will also show the market's appetite for US debt.

Published 23 Apr, 2021 06:45pm

Markets

Gold hits 3-week peak as Fed's dovish tone pressures dollar, yields

Fed committed to support economy until recovery more secure.
Markets eye Powell's speech at IMF conference
Silver hits over two-week peak.

Published 08 Apr, 2021 05:55pm

Business & Finance

'Markets be damned!': Fed standing firm on inflation fears

The critical question is how high "and for how long," she said.

Published 14 Mar, 2021 11:09am

Markets

Little change expected as Fed ends first meeting of Biden era

And it will be up to Janet Yellen, Powell's predecessor as Fed chief who is now Biden's Treasury secretary, to take up the lead in pushing that stimulus package through Congress.

Published 27 Jan, 2021 10:59am

Business & Finance

US Fed holds first policy meeting of Biden administration

But Aaronson noted that Powell will have to communicate clearly to both Wall Street and small businesses to calm concerns.

Published 24 Jan, 2021 10:39am

Business & Finance

Fed may convey optimism on US economy despite stimulus deadlock

But Englander predicted the Fed will use the meeting to focus mostly on reassurance.

Published 13 Dec, 2020 07:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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