Trends - US recession - Business Recorder

US recession

Fed under pressure to cut rates as market turmoil continues

WASHINGTON: The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates...

Published 07 Aug, 2024 05:37am

World

US on ‘very narrow path’ to avoid recession: IMF chief economist

WASHINGTON: The US economy is on a “very narrow path” to avoiding a recession, the International Monetary Fund’s...

Published 25 Jul, 2023 06:36pm

Markets

European stocks climb on US debt ceiling optimism

PARIS: European stocks climbed on Thursday boosted by hopes of a breakthrough in the US debt ceiling stand-off, with...

Published 19 May, 2023 06:17am

Markets

Gulf markets mixed amid US recession fears

DUBAI: Stock markets in the Gulf were mostly mixed on Thursday on possible recession in the United States, the...

Published 14 Apr, 2023 05:59am

Markets

Wall Street Week Ahead: Recession fears pose challenge to energy shares after stellar year

NEW YORK: A potential US recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy...

Published 30 Jan, 2023 05:56am

Business & Finance

India may peg nominal GDP growth at about 11% in 2023/24 budget

India is likely to peg its nominal gross domestic product (GDP) growth at around 11% in the annual budget next week,...

Published 24 Jan, 2023 10:54am

Business & Finance

US retail sales tumble; monthly producer prices fall

WASHINGTON: US retail sales fell more than expected in December, pulled down by declines in purchases of motor...

Published 19 Jan, 2023 07:03am

World

New Fed research flags rising risk of US recession

NEW YORK: Just over half of the 50 US states are exhibiting signs of slowing economic activity, breaching a key...

Published 30 Dec, 2022 11:13pm

Opinion

Investors count on bonds to rescue battered 60/40 portfolio in 2023

Proponents of the so-called 60-40 portfolio are betting the strategy may soften the blow of a possible US recession...

Published 22 Dec, 2022 05:57am

World

Recession, or recession-ish? Fed outlook for US walks a fine line

WASHINGTON: Like many economists, Vanguard’s Joe Davis thinks the United States will experience a recession in 2023,...

Published 16 Dec, 2022 04:40pm

Business & Finance

Senator Warren worries that Fed will tip US economy into recession

WASHINGTON: Democratic US Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve...

Updated 29 Aug, 2022 09:40am

World

Biden sees ‘no surprise’ in slowdown, says US economy on ‘right path’

WASHINGTON: President Joe Biden worked on Thursday to soothe voters’ angst about the state of the economy, saying it...

Published 28 Jul, 2022 09:16pm

World

US has ‘very narrow path’ to avoid recession: IMF

WASHINGTON: The United States has only a slim chance of avoiding an economic downturn given the many risks it faces,...

Published 26 Jul, 2022 08:12pm

Markets

Wall St Week Ahead-Investors brace for pivotal July after dismal first half

NEW YORK: The US stock market is reeling from its worst first half of any year since 1970, with investors girding...

Published 03 Jul, 2022 07:41pm

World

U.S. tech companies yank job offers, leaving college grads scrambling

One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had...

Published 22 Jun, 2022 10:18pm

World

US home prices top $400,000 for first time, crimping May sales

WASHINGTON: The median US home price broke above $400,000 for the first time, sending existing home sales in May...

Published 21 Jun, 2022 08:56pm

World

Goldman Sachs raises probability of U.S. recession to 30% over next year

Goldman Sachs sees a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous...

Published 21 Jun, 2022 05:50pm

World

US economy has 40% chance of being in recession next year: BofA

NEW YORK: BofA Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining...

Updated 17 Jun, 2022 09:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 26	278.42
USD PKR Interbank Buying / Dec 26	278.27
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03
France CAC40 / Dec 24	7,282.69
India Sensex / Dec 26	78,475.29

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Karachi Cotton PKR/37.32 KG / Dec 26	17,785
Petrol/Litre / Dec 27	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 26 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	16.45 ▲ 1.50 (10.03%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Blue-Ex Ltd / Dec 26 Blue-Ex Limited (GEM)(GEMBLUEX)	44.96 ▲ 4.09 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Altern Energy / Dec 26 Altern Energy Limited(ALTN)	22.65 ▲ 2.06 (10.00%)

Stock	Price
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.10 ▼ -2.57 (-10.01%)
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Fateh Ind. / Dec 26 Fateh Industries Limited(FIL)	120.56 ▼ -13.38 (-9.99%)
Olympia Mills / Dec 26 Olympia Mills Limited(OML)	36.01 ▼ -3.99 (-9.98%)
Popular Islamic / Dec 26 Popular Islamic Modaraba(PIM)	13.54 ▼ -1.50 (-9.97%)
Arctic Textile / Dec 26 Arctic Textile Mills Limited(ARCTM)	21.60 ▼ -2.37 (-9.89%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Sanghar Sugar / Dec 26 Sanghar Sugar Mills Limited(SANSM)	24 ▼ -2.33 (-8.85%)
Equity Modaraba / Dec 26 First Equity Modaraba(FEM)	3 ▼ -0.29 (-8.81%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.06
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	93,301,142 ▲ 1.50
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	46,900,564 ▲ 6.41
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -1.65
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.16
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.19
B.O.Punjab / Dec 26 The Bank of Punjab(BOP)	30,003,113 ▼ -0.11
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.87
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.09

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US recession

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