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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 / 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 23	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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