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fiscal stimulus

The 1970s all over again? Stagflation debate splits Wall St

NEW YORK: Phil Orlando has not heard this many people mentioning stagflation since he was a financial journalist in...

Published 27 Oct, 2021 11:46am

World

US consumer confidence vaults to 14-month high in April

The Conference Board said on Tuesday its consumer confidence index raced to a reading of 121.7 this month. That was the highest level since February 2020, just before the onset of the COVID-19 pandemic, and followed a reading of 109.0 in March. Economists polled by Reuters had forecast the index increasing to a reading of 113.0 in April.

Published 27 Apr, 2021 07:48pm

Business & Finance

Dollar General to hire up to 20,000 workers as economy rebounds

But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.
The discount retailer said in a statement on Wednesday that it would host hiring events from this month to fill positions in its stores, distribution centers and corporate offices.

Published 14 Apr, 2021 05:29pm

World

US weekly jobless claims unexpectedly rise

Initial claims for state unemployment benefits totaled a seasonally adjusted 744,000 for the week ended April 3 compared to 728,000 in the prior week, the Labor Department said on Thursday.
The labor market has regained its footing after stumbling in December, thanks to the White House's massive $1.9 trillion pandemic rescue package and an acceleration in the pace of vaccinations against COVID-19, which are allowing more services businesses to resume operations.

Published 08 Apr, 2021 06:21pm

Business & Finance

Vaccines, fiscal stimulus power U.S. employment; economy blooming

The Labor Department’s closely watched employment report on Friday also showed job gains in February were larger than initially estimated.

Published 03 Apr, 2021 10:49am

Markets

US/German 10-year yield gap at 13-month high as bonds await Fed

Bond yields rise ahead of Fed.
Gap between US, German 10-year yields widest since Feb 2020.
Greece to raise 2.5 billion euros from 30-year bond sale.

Published 17 Mar, 2021 05:35pm

Markets

Canadian dollar keeps pace with broadly stronger greenback

Loonie trades in a range of 1.2622 to 1.2699.
Price of US oil falls 1.2%.
Canada's 10-year yield touches a 14-month high at 1.545%.

Updated 08 Mar, 2021 10:17pm

Markets

Dollar hits three-month highs as Fed's Powell sticks to script

The franc weakened as far as 0.9297, the lowest since July 23. The yen reached 107.93, its weakest since July 1.

Published 05 Mar, 2021 10:33am

Markets

Firm US yields keep gold under pressure

Fed officials, however, maintain that they will keep their easy money plans in place even in the face of a potential bout of inflation this spring in an economy boosted by vaccines and government spending.

Published 03 Mar, 2021 10:45am

Markets

UK bond yields head for biggest weekly rise since June

Based their latest level they are on course of just under 17 basis points the biggest since the week to June 5.
Sterling also rose above $1.40 for the first time in nearly three years on Friday although it was flat against the euro.

Published 19 Feb, 2021 08:57pm

Markets

Dollar slides to two-week low as tame inflation, US yields weigh

The dollar gained 0.1% against the yen to 104.64 yen. The Japanese currency earlier hit its highest against the greenback since Jan. 29.

Published 11 Feb, 2021 09:54am

Markets

Stocks, oil rise in Asia after US records

Spot gold rose 0.37% to $1,837 an ounce as expectations of a large US economic stimulus package bolstered its appeal as an inflation hedge.

Published 09 Feb, 2021 12:22pm

Markets

Most JGB yields fall after solid 40-year auction

The 10-year JGB yield fell 0.5 basis point to 0.030%, while the 20-year JGB yield fell 1 basis point to 0.435%.

Published 26 Jan, 2021 10:46am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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