Trends - Jerome Powell - Business Recorder

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اردو

Oct 31, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Jerome Powell

US Fed Chair sees ‘further disinflation’ in economy

US Fed Chair sees ‘further disinflation’ in economy

WASHINGTON: The United States is set to see inflation cool further towards policymakers’ target, Federal Reserve...

Published 01 Oct, 2024 12:23am

Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation

World

Fed cuts rates by half a percentage point, cites ‘greater confidence’ about inflation

Fed had held policy rate in the 5.25%-5.50% range since July of 2023 as inflation fell from a 40-year high to a level that is now approaching the central bank's target

Updated 19 Sep, 2024 12:23am

Gold ekes out gains as traders strap in for Powell’s Speech

Markets

Gold ekes out gains as traders strap in for Powell’s Speech

BENGALURU: Gold prices gained on Friday on a softer dollar, while traders braced ahead of Federal Reserve Chair...

Published 25 Aug, 2024 03:05am

Nikkei rises as BOJ chief softens hawkish tone

Markets

Nikkei rises as BOJ chief softens hawkish tone

TOKYO: Japan’s Nikkei share average ended Friday with gains following a rollercoaster session as traders reacted ...

Published 24 Aug, 2024 06:23am

China shares snap three-day losing streak

Markets

China shares snap three-day losing streak

SHANGHAI: China stocks ended higher on Friday after three straight sessions of losses, while Hong Kong shares fell ...

Published 24 Aug, 2024 06:23am

European shares end higher as Powell backs rate cuts

Markets

European shares end higher as Powell backs rate cuts

FRANKFURT: Europe’s STOXX 600 ended near session-highs amidst broad-based gains on Friday, as global markets...

Published 24 Aug, 2024 06:23am

S&P 500 nears record high as Powell signals rate cut

Markets

S&P 500 nears record high as Powell signals rate cut

NEW YORK: All three major US stock indexes gained more 1 percent on Friday, with the benchmark S&P 500 nearing ...

Published 24 Aug, 2024 06:23am

Wall Street slips as yields perk up

Markets

Wall Street slips as yields perk up

NEW YORK: Wall Street’s main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured...

Published 23 Aug, 2024 03:24am

Oil prices edge down on worries about Chinese demand

Markets

Oil prices edge down on worries about Chinese demand

HOUSTON: Oil prices declined on Tuesday on worries of a slowing Chinese economy crimping demand and despite a ...

Published 17 Jul, 2024 02:42am

Nasdaq, S&P 500 power on as Nvidia surge lifts tech stocks

Markets

Nasdaq, S&P 500 power on as Nvidia surge lifts tech stocks

NEW YORK: The S&P 500 and the Nasdaq hovered at record highs on Tuesday, propelled by gains in Nvidia and other...

Published 10 Jul, 2024 03:14am

French stocks drag European shares lower on political concerns

Markets

French stocks drag European shares lower on political concerns

PARIS: European shares dropped for a third straight session on Tuesday, dragged down by weakness in French stocks as...

Published 10 Jul, 2024 03:14am

Dollar gains as Fed’s Powell cautious on rate cuts

Business & Finance

Dollar gains as Fed’s Powell cautious on rate cuts

NEW YORK: The dollar gained on Tuesday after Federal Reserve Chair Jerome Powell acknowledged progress in inflation,...

Published 10 Jul, 2024 03:14am

Indian rupee ends flat

Business & Finance

Indian rupee ends flat

MUMBAI: The Indian rupee closed nearly flat on Tuesday, tracking largely subdued price action in its Asian peers, as...

Published 10 Jul, 2024 03:14am

Most Asian currencies dip

Business & Finance

Most Asian currencies dip

BENGALURU: Most Asian currencies edged lower on Tuesday while regional stocks were mixed as global markets awaited...

Published 10 Jul, 2024 03:14am

Oil prices drop as interest rate policy spurs fuel demand worries

Markets

Oil prices drop as interest rate policy spurs fuel demand worries

HOUSTON: Oil prices rose about 1% on Friday, but fell for the week on worries that strong US economic data would ...

Published 26 May, 2024 02:56am

US Fed’s Powell expects inflation to fall, though not as confident as before

Business & Finance

US Fed’s Powell expects inflation to fall, though not as confident as before

AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through...

Published 14 May, 2024 08:48pm

Yen slightly higher after suspected intervention

Business & Finance

Yen slightly higher after suspected intervention

NEW YORK: The yen was slightly stronger on the day on Thursday after a sudden rally late on Wednesday that traders ...

Published 03 May, 2024 06:29am

Gold near four-week low, eyes on Fed

Markets

Gold near four-week low, eyes on Fed

BENGALURU: Gold prices held near a four-week low on Wednesday ahead of a US Federal Reserve policy decision that...

Published 02 May, 2024 04:58am

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

World

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

Likely that gaining greater confidence will take longer than previously expected, says Fed Chair Jerome Powell

Published 01 May, 2024 11:53pm

Most Asian currencies muted ahead of Fed decision

Business & Finance

Most Asian currencies muted ahead of Fed decision

BENGALURU: Asian emerging market currencies were subdued on Monday after inflation data in the United States further...

Published 30 Apr, 2024 03:43am

Oil falls ahead of US jobs data

Markets

Oil falls ahead of US jobs data

NEW YORK: Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and...

Published 05 Apr, 2024 04:50am

US dollar lower

Business & Finance

US dollar lower

NEW YORK: The US dollar was down on Tuesday after earlier hitting its highest in almost five months, following a new...

Published 03 Apr, 2024 05:29am

US Fed’s preferred inflation gauge ticks up as fuel costs rise

Business & Finance

US Fed’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON: The US central bank’s favored measure of inflation edged higher last month on the back of rising fuel...

Published 30 Mar, 2024 06:53am

Wall St holds ground ahead of Fed decision

Markets

Wall St holds ground ahead of Fed decision

NEW YORK: Wall Street’s main stock indexes were little changed on Wednesday as investors awaited the conclusion of...

Published 21 Mar, 2024 05:22am

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

Business & Finance

Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but policymakers indicated they still...

Published 20 Mar, 2024 11:13pm

Gold loses footing as US dollar bumps higher

Markets

Gold loses footing as US dollar bumps higher

Gold prices retreated on Tuesday, hurt by a strengthening US dollar, while investors geared up for the Federal...

Published 20 Mar, 2024 03:00am

US dollar set for best weekly gain

Business & Finance

US dollar set for best weekly gain

NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy...

Published 16 Mar, 2024 06:26am

Yuan steady

Business & Finance

Yuan steady

SHANGHAI: China’s yuan held steady against a weakening US dollar, as US yields slipped after Federal Reserve Chair...

Published 09 Mar, 2024 04:59am

Tech, financials steer Europe’s STOXX 600 to record high

Markets

Tech, financials steer Europe’s STOXX 600 to record high

PARIS: Europe’s main equity index hit an all-time high on Wednesday, boosted by tech and financial shares, while...

Published 07 Mar, 2024 04:59am

Wall St rises after Powell signals rate cuts this year

Markets

Wall St rises after Powell signals rate cuts this year

NEW YORK: Wall Street’s main indexes rose on Wednesday after Federal Reserve Chair Jerome Powell said the central...

Published 07 Mar, 2024 04:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.03
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 30	5,813.67
India Sensex / Oct 30	79,850.58
Tokyo Nikkei / Oct 30	39,116.79
Nasdaq / Oct 30	18,607.93
Hang Seng / Oct 30	20,489.06
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34

Item	Value
Crude Oil USD/Barrel / Oct 30	68.95
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Gold Spot USD/Ounce / Oct 30	2,786.14
Cotton US¢/pound / Oct 30	69.88
Petrol/Litre / Oct 31	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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