Trends - U.S. economy - Business Recorder

U.S. economy

Oil edges up as summer demand hopes offset downbeat China data

LONDON: Oil edged higher on Monday as hopes for a boost to demand from the summer driving season in the northern...

Updated 17 Jun, 2024 06:00pm

World

Fed leaves rates unchanged, acknowledges economy is ‘strong’

WASHINGTON: The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase...

Published 01 Nov, 2023 11:18pm

Markets

IMF says US interest rates need to stay higher to bring inflation down

DETROIT: The International Monetary Fund on Friday said U.S. interest rates will likely need to remain higher for...

Published 26 May, 2023 11:06pm

World

Fed's Powell sees inflation battle lasting 'some time,' warns of economic pain

JACKSON HOLE: The U.S. economy will need tight monetary policy "for some time" before inflation is under control,...

Published 26 Aug, 2022 10:39pm

Markets

Wall St gains on hopes of smaller rate hikes as economy shrinks again

Wall Street's major indexes reversed course to gain in early afternoon trading on Thursday, as a contraction in the...

Published 28 Jul, 2022 11:22pm

Markets

US yields edge lower after Fed rate decision

NEW YORK: Treasury yields edged lower on Wednesday after the Federal Reserve hiked interest rates by 75 basis points...

Published 28 Jul, 2022 12:49am

Markets

Wall Street falls as Walmart warning rattles retail sector

U.S. stock indexes fell on Tuesday after Walmart's profit warning heightened fears in the retail sector that...

Published 26 Jul, 2022 11:09pm

Markets

Nasdaq rises as Tesla posts strong earnings

The Nasdaq edged higher on Thursday boosted by gains in electric automaker Tesla on its better-than-expected...

Published 22 Jul, 2022 12:04am

Markets

Wall St tumbles as weak consumer confidence stokes growth worries

Wall Street's main indexes tumbled in midday trading on Tuesday as a sharp drop in consumer confidence brought to ...

Published 28 Jun, 2022 10:48pm

Markets

US two-year yields soar to highest since November 2018 ahead of Fed decision

NEW YORK: U.S. Treasury two-year yields rose on Wednesday to their highest in more than three years, ahead of a...

Published 04 May, 2022 08:34pm

Business & Finance

Fed hikes rates, signals aggressive turn against inflation

WASHINGTON: The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and laid out ...

Published 17 Mar, 2022 04:53am

Business & Finance

Powell backs 25-basis-point March rate hike

WASHINGTON: Federal Reserve Chair Jerome Powell said on Wednesday he was “inclined to propose and support a...

Published 03 Mar, 2022 04:39am

Markets

Gold jumps, stocks stumble as Ukraine crisis deepens

NEW YORK: Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe...

Published 18 Feb, 2022 12:03am

Markets

Wall St falls as hot consumer prices data fuels inflation worries

Wall Street's main indexes fell on Wednesday as a surge in U.S. consumer prices last month deepened fears that high...

Published 11 Nov, 2021 12:03am

Federal Reserve policy statement Sept 22, 2021

Following is the full statement issued by the Federal Open Market Committee on Sept. 22, 2021: The Federal Reserve...

Published 22 Sep, 2021 11:47pm

Markets

Copper rises as Fed spreads bullish mood through markets

Benchmark copper on the London Metal Exchange (LME) was up 1.3pc at $9,816 a tonne at 1603 GMT, near a record high of $10,747.50 reached in May.

Published 29 Jul, 2021 10:47pm

Opinion

Supply issues and difficult oil prices

Oil prices have continued to overall significantly rise since November of last year, on the back of restricted ...

Published 09 Jul, 2021 04:25am

Markets

Gold flirts with $1,900 again after U.S. inflation ticks up

U.S. consumer prices accelerated in the year to April, with a measure of underlying inflation blowing past the Federal Reserve's 2pc target.

Published 28 May, 2021 10:21pm

Fed stays the course, nods to ‘strengthened’ US recovery

WASHINGTON: The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding...

Published 29 Apr, 2021 03:52am

Markets

Stocks slip from record highs before U.S. bank earnings

The S&P 500's P/E ratio on a forward 12-month basis is 23.5, a more than 40pc premium to its 20-year average, according to CFRA.

Updated 13 Apr, 2021 12:09am

Markets

Dollar at two-week low after U.S. weekly jobless claims rise unexpectedly

The U.S. currency - which appreciated this year, helped in part by a rally in U.S. Treasury yields - has come under pressure in recent sessions as yields have retreated.

Updated 09 Apr, 2021 09:19am

Markets

Euro zone bond yields up in wake of U.S. jobs data

Lower-rated Southern European bonds underperformed higher-rated peers, with yields rising 3 to 7 basis points. Bond yields move inversely with prices.

Published 07 Apr, 2021 01:09am

Markets

Oil down 5pc as rising OPEC+, Iranian output weighs

"It seemed like OPEC+ was going to roll the deal, but they didn't and now it looks like they're going to have to pay at least in the short term."

Updated 06 Apr, 2021 01:20am

Markets

Asian shares, currencies tread lower; Indian shares drop as cases spike

"With Europe on holiday today, volumes will rapidly taper this afternoon in Asia," said Jeffrey Halley, a senior Asia Pacific market analyst at OANDA.

Published 05 Apr, 2021 11:18am

Markets

Dollar looks for next catalyst as economic data keep bulls in control

The greenback posted its best quarter against major currencies in almost three years in January-March thanks to an improving U.S. economy and rising Treasury yields.

Published 05 Apr, 2021 11:13am

S&P 500 hits 4,000 mark

NEW YORK: The S&P 500 breached the 4,000 mark for the first time on Thursday, powered by gains in technology...

Published 02 Apr, 2021 04:58am

Markets

Microsoft and Amazon lead S&P 500 to 4,000 points

The Nasdaq remained about 5pc below its Feb. 12 record high close, still smarting as higher U.S. bond yields hurt technology stocks.

Published 01 Apr, 2021 11:56pm

Markets

Gold slides over 1pc as dollar, yields advance

Spot gold fell 1.1pc to $1,713.52 per ounce by 12:38 p.m. EDT (1638 GMT). U.S. gold futures fell 1.2pc to $1,711.60.

Updated 30 Mar, 2021 12:01am

World

Biden to talk COVID-19 relief with Senate Republicans in bipartisan attempt

Biden and his staff are also expected to present the Republican senators with details on how his COVID-19 relief package would benefit their respective states, a White House aide said.

Published 01 Feb, 2021 11:48pm

IMF lifts global growth forecast

WASHINGTON: The International Monetary Fund on Tuesday raised its forecast for global economic growth in 2021 and...

Published 27 Jan, 2021 04:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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