Trends - US interest rates - Business Recorder

US interest rates

Fed cuts rates, notes labor market easing and solid economic growth

Slashes benchmark interest rate by 25 basis points to target range of 4.5% to 4.75%

Published 08 Nov, 2024 12:20am

Business & Finance

Trump’s win emboldens dollar bulls as they brace for tariffs

NEW YORK: Donald Trump’s imminent return to the White House is putting a spotlight on the US dollar, which could...

Published 07 Nov, 2024 11:22am

Markets

Aussie hit by China stimulus scepticism; US dollar firm on Fed outlook

TOKYO: The Australian and New Zealand dollars slumped on Wednesday as scepticism grew about top trading partner...

Published 16 Oct, 2024 10:08am

Markets

Dollar holds on to 7-week highs as traders consider US rates outlook

SINGAPORE: The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook...

Published 08 Oct, 2024 10:08am

Markets

Dollar wavers, risk-sensitive currencies boosted by China optimism

SINGAPORE: The dollar wobbled on Friday and looked set for a third straight month of declines as investors weighed...

Published 27 Sep, 2024 10:09am

Markets

Palm oil futures rise on output concerns

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday for a fourth straight session, tracking strength ...

Published 24 Sep, 2024 03:28am

World

Trump says Fed’s rate cut was ‘political move’

WASHINGTON: Republican presidential candidate Donald Trump said on Thursday the US Federal Reserve’s decision to...

Published 21 Sep, 2024 06:43am

Markets

FTSE 100 hits 3-month high amid rate-cut hopes

LONDON: The UK’s main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month,...

Published 02 Sep, 2024 07:40am

Markets

Most Gulf markets gain on US rate cut prospects

DUBAI: Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the...

Published 02 Sep, 2024 07:38am

Markets

Wall Street Week Ahead: US stock rally broadens as investors await Fed

NEW YORK: A broadening rally in US stocks is offering an encouraging signal to investors worried about concentration...

Published 02 Sep, 2024 06:40am

Markets

Gold sprints to all-time high

NEW YORK: Gold prices jumped more than 1 percent to a record high on Tuesday, as investors flocked to the safe-haven...

Published 17 Jul, 2024 02:42am

Markets

Rupee slips lower against US dollar

Currency settles at 278.51 against the US dollar in inter-bank market

Updated 10 Jul, 2024 11:33pm

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

Markets

Wall Street Week Ahead: Retail stocks search for direction as rates stay high

NEW YORK: Elevated US interest rates are pressuring the US retail sector, where shares of many companies have been...

Published 17 Jun, 2024 05:30am

Markets

Most Asian currencies strengthen

BENGALURU: Most emerging Asian currencies were on the front foot on Tuesday, with the Philippine peso and South...

Published 29 May, 2024 06:05am

Markets

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Markets

Oil slips for third day on likely ‘higher for longer’ US rates

LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve...

Updated 22 May, 2024 05:37pm

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

Markets

Oil edges higher as investors eye Mideast talks, rates meeting

LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red...

Updated 30 Apr, 2024 05:53pm

Business & Finance

Fed to meet amid dwindling hopes of summer rate cuts

WASHINGTON: The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as...

Updated 29 Apr, 2024 09:20am

Business & Finance

IMF tells Asian central banks not to follow Fed too closely

WASHINGTON: The International Monetary Fund urged Asian central banks to focus on domestic inflation and avoid tying...

Published 19 Apr, 2024 05:07am

Business & Finance

Japan’s finance minister watches FX moves closely after dollar surges

TOKYO: Japanese Finance Minister Shunichi Suzuki said he was watching currency moves closely, repeating that Tokyo...

Published 15 Apr, 2024 11:35am

Markets

Dollar stands tall, yen slides as US rate-cut bets recede

SINGAPORE: The dollar steadied on Monday, holding its biggest weekly gain since 2022, as escalating conflict in the...

Published 15 Apr, 2024 08:54am

Business & Finance

Bank of England to hold rate despite slowing inflation

LONDON: The Bank of England is widely expected to keep its main interest rate at a 16-year high Thursday, rejecting...

Published 21 Mar, 2024 12:12pm

Business & Finance

Bitcoin rockets to record high

LONDON/SINGAPORE: Bitcoin soared to a new record high on Tuesday, fueled by investors pouring money into US spot...

Published 06 Mar, 2024 04:18am

Markets

Oil steady as investors weigh US rate cut outlook with Middle East tensions

LONDON: Oil prices steadied on Wednesday, stabilising from losses in the previous session, as growing expectations...

Updated 21 Feb, 2024 08:57pm

Markets

Copper pares gains as US inflation data boosts dollar

LONDON: Copper prices pared early gains on Tuesday as the dollar strengthened after US inflation data reinforced ...

Published 14 Feb, 2024 02:34am

Markets

Gold headed for best year since 2020

BENGALURU: Gold edged up on Friday as it looked set to mark its best year in three, supported by expectations that...

Published 31 Dec, 2023 03:04am

Markets

Wall Street loses steam on last day of upbeat 2023

NEW YORK: US stocks lost momentum on the final trading day of an upbeat year that witnessed the benchmark S&P ...

Published 30 Dec, 2023 06:28am

Markets

Tokyo shares close lower

TOKYO: Tokyo stocks closed lower on Thursday as investors locked in profits and the yen drifted higher. The ...

Published 29 Dec, 2023 02:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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