More normal approach to monetary policy. The nomination is set to begin at 10 00 a. M. Eastern time. In the meantime, outgoing chairman ben bernanke says the central bank will remain alert to preventing inflation from declining too far from its goal of 2 , falling too far below that. Were going to talk about the future of the central bank with greg ipp and ir neil irwin in the next hour. He says he expects to taper in the next couple of months. Beyond yellen and the fed, a few other economic event toes watch today. We have weekly jobless claims at 8 30 eastern time. At the same time, the september trade deficit hits and Third Quarter productivity and labor costs. Futures at this hour well, you have to remember yesterday we did see things closing at record levels for both the s p and the dow. Nasdaq closed to a 13year high. But with that news from cisco, you can see futures from the nasdaq ended down by 6. 5 points, now durchs up by 26 points and andrew, back over to you. Boeing machini
Good afternoon, im lori rothman. The markets flat, the president must have been speaking. Im melissa francis. We are not a deadbeat nation, the words from president obama urging congress to raise the debt ceiling. Dumping bonds, diving in stocks, records amounts of money flowing into stocks and etfs last week. Is that a trend . Thats ahead. A number you dont here with taxes, 0, but thats what the louisiana governor is proposing, a zero Corporate Tax rate and income personal tax rate. We have the man who crafted the plan here with more details. Interesting. That fits me, but how does that get offset . There you did. There you go. Okay. Updated on the markets like we do every 15 minutes. Nicole, we have Bank Earnings out this week. How are broader markets doing . A lot going on. Friday, the dow went over the unchanged line 50 times, today, no different, back and forth action. The dow is gaining five points, but the nasdaq and s p both pulling back some, and, of course, the nasdaq weighed
KSE-100 index jumps 135 points despite Year-end sale by Insurance companies
June 30, 2021
Pakistan Stock Exchange (PSX) witnessed a topsy-turvy trading session on Tuesday,as heavy selling pressure by Insurance Companies shadowed budget-approval optimism at the market.
On Tuesday, the index began the session on a positive note right after the opening bell and crossed the 47,500-point mark briefly after gaining over 500 points. However, failing to sustain the momentum, the index reversed its trajectory and pared earlier gains to touch intra-day low of 46,986.47 level.
The Index traded in a range of 522.35 points or 1.11 percent of previous close before settling at 47,137.77 level, posting at 135 points gain.
Kse-100: MSCI downgrade fears, roll-over adjustments weigh; index plunges 359 points dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.