Tag: Markets
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NCOC Eases Restrictions, Cinema, Wedding Halls Allowed to Reopen
National Command and Operation Centre(NCOC) has announced to ease restrictions across Pakistan. After analyzing the drop in Covid-19 graph, the decision to reopen cinemas, markets, wedding halls and schools has been taken for the month of July. NCOC has instructed that all staff of markets, cinemas, wedding halls etc should be vaccinated. SOPs should still…
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NCOC Announces To Resume Indoor Dining
According to reports, NCOC has announced to allow indoor dining across Pakistan from July 1. The National Command and Operation Centre(NCOC) has announced to eased covid-19 restrictions around the country. It has decided to lift major lockdowns. Restaurants will be allowed to open their indoor dining from July 1. Although, SOPs are still required to…
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Dow, S&P 500 bounce back after weak session
New York, (24th March, 2021, 08:10 pm) (AFP/APP):Wall Street stocks mostly rose early Wednesday, shrugging off the prior session’s weakness, ahead of another round of congressional testimony from US economic policymakers. Federal Reserve Chair Jerome Powell told a House panel Tuesday that inflation could tick higher, but that price increases would likely be temporary.…
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Renewed lockdowns send oil prices tumbling
London, (23rd March, 2021, 11:10 pm) (AFP/APP):Oil prices nosedived Tuesday on lower demand prospects as Europe’s biggest economy Germany said it would reimpose strict coronavirus containment measures and struggles along with other EU nations to roll out vaccines. European stocks ended the day mostly lower while US stocks drifted down ahead of speeches by Fed…
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Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%
New York, March 18 (AFP/APP):Rising bond yields spurred by concerns over inflation hammered tech stocks and sent Wall Street closing lower on Thursday, while oil markets slid on fears of a renewed demand slump. The tech-rich Nasdaq Composite Index slid 3.0 percent to close at 13,116.17, while the broad-based S&P 500 lost 1.5 percent to…
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Markets mark time before Fed announcement
London, March 17 (AFP/APP):Stocks markets were mixed Wednesday as global traders cautiously awaited the outcome of the US Federal Reserve’s policy meeting for any comment on the inflation outlook. The dollar rose as the US central bank wraps up a two-day policy meeting. Fed chair Jerome Powell may use his news conference later Wednesday to…
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Muted opening for Wall Street ahead of Fed meeting
New York, March 16 (AFP/APP):US stocks opened trading cautiously on Tuesday, as traders digested downbeat economic data thanks to February winter storms and eyed the Federal Reserve’s meeting set to begin in the afternoon. Government data released before markets opened showed retail sales plunging 3.0 percent and industrial production falling 2.2 percent, in what analysts…
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European stocks gain as recovery hopes trump inflation fear
London, March 16 (AFP/APP):Optimism over an economic recovery helped push European stock markets higher Tuesday, while early trading was subdued in New York with the focus on the Federal Reserve’s much-anticipated policy meeting this week. Weaker US data dampened the mood on Wall Street, but news that several European countries had suspended use of the…
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LCCI Demands Business Operations Till 8pm
LCCI has demanded business operations till 8pm.
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Asian markets mixed ahead of key Fed meeting
Hong Kong, March 15 (AFP/APP):Asia markets were mixed Monday as an early rally lost momentum with attention on this week’s Federal Reserve policy meeting, which comes as investors fret that economic recovery will fan inflation and force an interest rate hike earlier than thought. The general mood across trading floors is of a blockbuster surge…