Trends - Stephen Innes - Business Recorder

Stephen Innes

Gold steadies as rate hike bets recede, Fed minutes awaited

Spot gold was steady at $1,787.59 per ounce by 0327 GMT, after hitting its highest since June 18 at $1,794.86 on Friday

Published 05 Jul, 2021 09:58am

Markets

Gold prices dip in Asia

SINGAPORE: Gold prices dipped in Asian trade on Wednesday, as elevated Treasury yields and an uptick in risk ...

Published 03 Jun, 2021 04:13am

Markets

Gold set for best month since July 2020 on softer dollar, inflation woes

Palladium rose 0.5% to $2,839.72 per ounce, but it was set for its first monthly decline in four. Platinum climbed 0.9% to $1,187.50.

Published 31 May, 2021 11:27am

Markets

Gold rises above $1,900/oz as dollar weakens, inflation jitters persist

Investors now await key US economic data due later this week, including gross domestic product, jobless claims and consumer spending.

Published 26 May, 2021 01:08pm

Markets

Gold extends rally as dollar weakness, inflation jitters lift appeal

"However, the pace of the gold rally appears to be outpacing fundamentals right now, and the Relative Strength Index (RSI) has entered overbought territory.

Published 18 May, 2021 10:33am

Markets

Asia markets a sea of red on renewed virus fears

Innes added that the "optimistic tone" from Iran nuclear talks could also bolster crude supply.

Published 21 Apr, 2021 11:08am

Markets

Stocks slide, tobacco shares feel the heat

Shares in Lucky Strike maker British American Tobacco plunged 7.6 percent.

Published 21 Apr, 2021 10:34am

Markets

Most markets rise in Asia on recovery optimism, worries remain

Nomura was down around three percent in Tokyo, a day after plunging 16 percent.

Published 30 Mar, 2021 09:36am

Markets

Asian equities advance but inflation, correction worries persist

While trading floor scenes of worry about the prospect of rising borrowing costs, Fed officials continue to try to soothe concerns.

Published 03 Mar, 2021 11:15am

Markets

Oil prices rebound as US House passes huge stimulus bill

"We think if the combined (OPEC+) increase does not exceed 500,000 bpd, that will be bullish for prices," analysts at Singapore's OCBC bank said.

Published 01 Mar, 2021 12:19pm

Markets

Oil prices jump more than $1 as US output struggles to fully restart

"It is hard not to be bullish with oil prices now that the deep freeze disruption practically guarantees the summer pickup in crude demand will erase whatever supply glut is left," said Edward Moya, senior market analyst at OANDA in New York.

Published 23 Feb, 2021 11:37am

Markets

Asia markets swing as reopening optimism battles inflation fear

"Since financial conditions are tightening and with wage pressures remaining nonexistent, that should keep inflation fears from getting out of control.

Published 23 Feb, 2021 09:56am

Markets

Oil prices climb as deep freeze shuts US oil wells, curbs refineries

The Saudi-led coalition fighting the Houthis in Yemen said early on Monday morning it had intercepted and destroyed an explosive-laden drone fired by the Houthis toward the kingdom.

Published 16 Feb, 2021 12:10pm

Markets

Asian markets push higher as traders focus on recovery outlook

Bitcoin was also struggling to push past $50,000 after this week's rally that came on the back of news that Elon Musk's electric carmaker Tesla had invested $1.5 billion in the cryptocurrency.

Published 10 Feb, 2021 10:20am

Markets

Silver bounces back even as retail frenzy takes a break

"Silver prices are now finding an equilibrium that better reflects supply-demand fundamentals, with the WallStreetBets mania having simmered down," said FXTM market analyst Han Tan.

Published 03 Feb, 2021 02:17pm

Markets

Yuan pressured by renewed virus worries, softer factory activity

Interbank money conditions were also on the radar of investors.

Published 01 Feb, 2021 10:29am

Markets

South Korea, Indonesia down, set for sharp weekly losses as riskier bets ebb

US futures fell around 1% into Asia's afternoon trading hours.

Published 29 Jan, 2021 10:14am

Markets

Oil falls on demand fears, strengthening dollar

Britain, in lockdown since Jan. 4, on Wednesday clamped down on travel, requiring people arriving from high-risk COVID-19 countries to quarantine for 10 days and barring outbound trips for all but exceptional reasons.

Published 28 Jan, 2021 10:52am

Markets

Gold prices down in Asia

SINGAPORE: Gold prices edged lower in Asian trade on Tuesday as the dollar strengthened and concerns over the ...

Published 27 Jan, 2021 04:59am

Markets

Oil prices fall as China's surging COVID-19 cases trigger clampdowns

A seasonal boost to China's gasoline demand that is typically seen during the New Year holidays will be moderated by the tightened restrictions this year, consultancy FGE said in a note.

Published 22 Jan, 2021 10:32am

Markets

Asia markets mostly up on hope for Biden recovery agenda

The comments suggest the new administration intends to maintain pressure on Beijing, after Trump kicked off a trade war between the two superpowers.

Published 20 Jan, 2021 09:44am

Markets

South Korea leads Asia stock gains on auto boost; currencies range-bound

Taiwan's dollar strengthened 1.8% ahead of the release of export orders data on Wednesday, which is likely to show orders climbed for a 10th straight month, according to a Reuters poll.

Published 19 Jan, 2021 02:43pm

Markets

Gold gains as US stimulus prospects offset firm dollar

"Our market view remain bullish for the long term as the US dollar is expected to remain structurally weak in the long term."

Published 18 Jan, 2021 01:57pm

Markets

Gold steadies as US stimulus prospects offset firm dollar

Gold is considered a hedge against inflation and currency debasement, likely from large stimulus.

Published 18 Jan, 2021 10:50am

Markets

Oil prices dip on virus worries; US stock draw, China data check losses

A hefty COVID-19 relief package, which US President-elect Joe Biden is due to unveil on Thursday, also kept losses in check.

Published 14 Jan, 2021 10:25am

Markets

Oil prices dip on rising virus cases; expected stock draw stems losses

US crude oil stockpiles likely fell for a fifth straight week, while refined products inventories were seen up last week, a preliminary Reuters poll showed on Monday.

Published 12 Jan, 2021 12:34pm

Markets

Gold hits near 6-week low on firmer dollar, higher Treasury yields

Higher bond yields increase the opportunity cost of holding gold.

Published 11 Jan, 2021 11:30am

Markets

Oil prices fall on renewed coronavirus concerns as China cases mount

Still, oil price losses were curbed by plans for US President-elect Joe Biden to announce trillions of dollars in new virus relief bills this week, much to be funded through increased borrowing.

Published 11 Jan, 2021 10:44am

Markets

Gold set to end volatile 2020 with strong gains; silver outperforms

Spot gold was trading around $1,893.45 per ounce by 12:46 p.m. EST (1746 GMT). U.S. gold futures gained 0.2pc to $1,897.30.

Updated 31 Dec, 2020 11:19pm

Markets

Oil up on hopes of recovery in demand, lower US inventories

A Jan. 4 meeting of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a group known as OPEC+, also looms over the market.

Published 30 Dec, 2020 10:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 5	277.92
USD PKR Interbank Buying / Nov 5	277.72
USD to Japanese Yen / Nov 5	152.45
USD to Swiss Franc / Nov 5	0.86
Pound Sterling to USD / Nov 5	1.30
Euro to USD / Nov 5	1.09

Stock	Volume
S&P 500 / Nov 4	5,712.69
Nasdaq / Nov 4	18,179.98
Dow Jones / Nov 4	41,794.60
India Sensex / Nov 5	78,731.05
Tokyo Nikkei / Nov 5	38,537.29
Hang Seng / Nov 5	20,865.77
FTSE 100 / Nov 5	8,191.31
Germany DAX 30 / Nov 5	19,121.64

Item	Value
Crude Oil USD/Barrel / Nov 5	71.49
Karachi Cotton PKR/37.32 KG / Nov 5	18,285
Gold 10 Grams PKR / Nov 5	242,798
Gold Spot USD/Ounce / Nov 5	2,732.66
Cotton US¢/pound / Nov 5	69.95
Petrol/Litre / Nov 6	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Stephen Innes

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