Trends - US inflation - Business Recorder

US inflation

Wall Street higher as cooling inflation eases rate-cut fears

NEW YORK: Wall Street’s main indexes jumped in volatile trading on Friday as a cooler-than-expected inflation...

Published 21 Dec, 2024 08:24am

World

US Fed cuts rate by quarter-point in third straight reduction

WASHINGTON: The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of...

Published 19 Dec, 2024 12:13am

Business & Finance

Fed may cut rates in last meeting of Biden era

WASHINGTON: The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on...

Published 16 Dec, 2024 06:08am

Business & Finance

US consumer inflation rises to 2.7% in November

WASHINGTON: US consumer inflation ticked up for a second consecutive month in November, according to government data...

Published 11 Dec, 2024 08:41pm

Markets

Aussie drops after RBA softens tone; US dollar steady before CPI

TOKYO: The Australian dollar sank towards a four-month low on Tuesday after the central bank softened its tone on...

Published 10 Dec, 2024 09:50am

World

US inflation still on ‘bumpy’ path to target: Fed official

WASHINGTON: The US remains on track to hit its long-term target of two percent inflation despite a recent “bump” in...

Published 02 Dec, 2024 10:49pm

Business & Finance

Indonesia’s headline inflation eases to 1.55% in Nov

JAKARTA: Indonesia’s annual inflation rate was 1.55% in November, official data showed on Monday, easing from 1.71%...

Published 02 Dec, 2024 11:25am

Business & Finance

Fed’s favoured inflation gauge ticks up in October

WASHINGTON: US inflation — set to be a key issue for incoming president Donald Trump — accelerated slightly last...

Published 28 Nov, 2024 05:45am

Markets

Gold trades in tight range ahead of US inflation data

Gold prices flitted within a narrow range on Wednesday as investors awaited key US inflation data for insights into...

Published 27 Nov, 2024 12:20pm

Markets

Dollar underpinned before US inflation data, Fed speakers

SYDNEY: The dollar edged higher on Monday as markets braced for US inflation data and a throng of Federal Reserve...

Published 11 Nov, 2024 10:08am

Markets

German 10-year yields hit fresh one-month high after Fed minutes, before data

German 10-year yields hit a fresh one-month high on Thursday, tracking moves in US Treasuries after the Federal...

Published 10 Oct, 2024 11:54am

Markets

STOXX 600 closes higher with focus on interest rate cuts

PARIS: European stocks settled higher on Wednesday, bouncing from losses in the previous session as investors...

Published 10 Oct, 2024 03:03am

Business & Finance

Indonesian inflation at 1.84% in September, lowest rate since 2021

JAKARTA: Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price...

Published 01 Oct, 2024 11:02am

World

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

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

Business & Finance

Asian currencies ebb as bets of big US rate cut ease

BENGALURU: Singapore equities hit a more-than-six-year-high on Thursday, buoyed by rising foreign buying and...

Published 13 Sep, 2024 06:13am

Markets

Dwindling hopes of 50 bps Fed rate cut may push rupee to all-time low

MUMBAI: The Indian rupee is likely to be under slight pressure at the open on Thursday after resilient US inflation...

Published 12 Sep, 2024 09:56am

Business & Finance

US consumer inflation eases more than expected in August

WASHINGTON: US consumer inflation eased more than expected last month, according to government data published...

Published 11 Sep, 2024 05:47pm

Markets

Asian currencies strengthen, stocks slip after US presidential debate

Asian currencies edged higher on Wednesday while most equities slipped, as investors assessed the US presidential...

Published 11 Sep, 2024 10:10am

Markets

Indian rupee to decline after US data suggests larger Fed rate cut unlikely

MUMBAI: The Indian rupee is expected to weaken at open on Monday after US inflation data indicated that the Federal...

Published 02 Sep, 2024 10:27am

Markets

Most Gulf markets ease on regional tensions

DUBAI: Most stock markets in the Gulf closed lower on Wednesday amid geopolitical tensions in the region, while...

Published 29 Aug, 2024 06:53am

Markets

Indian shares set to open flat; HDFC Bank in focus

BENGALURU: Indian shares are set to open subdued on Tuesday, with HDFC Bank likely to edge higher on the prospect of...

Published 13 Aug, 2024 11:34am

Markets

China's yuan eases on weakest guidance in nearly 9 months

SHANGHAI: The yuan slipped against the dollar on Tuesday after the central bank set its weakest fixing in nearly ...

Updated 13 Aug, 2024 11:52am

Markets

Gold subdued as investors focus on US inflation data

Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed...

Published 12 Aug, 2024 10:14am

World

Trump says US president should have say over monetary policy

PALM BEACH, (United States): Donald Trump on Thursday voiced frustration at the independence of the Federal Reserve...

Published 10 Aug, 2024 06:51am

World

US Fed’s favored inflation measure cools further in June

WASHINGTON: The US Federal Reserve’s favored inflation measure eased further in June, according to government data...

Published 26 Jul, 2024 07:20pm

Business & Finance

Asian currencies: Thai baht edges higher; rupiah, ringgit slip

BENGALURU: Currencies and stocks in Asian emerging markets were in a holding pattern on Wednesday as traders awaited...

Published 25 Jul, 2024 07:08am

Business & Finance

US Fed official suggests apt to cut rates sooner if layoffs rise

WASHINGTON: A senior US central bank official said in remarks prepared for delivery Tuesday that it might be apt to...

Published 17 Jul, 2024 12:15am

Markets

India bond yields flat, traders eye US inflation data for cues

MUMBAI: Indian government bond yields were flat in early session on Thursday, with traders eyeing crucial US...

Published 11 Jul, 2024 11:10am

Markets

Dollar adrift ahead of US inflation test; sterling firms

SINGAPORE: The dollar fell a touch on Thursday although moves were largely subdued ahead of a US inflation report...

Published 11 Jul, 2024 10:59am

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 22	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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