The pound strengthened to the highest against the dollar since March 2022, surpassing $1.33, after the Bank of England kept rates on hold Thursday, and warned investors it won’t rush to ease policy. Government bonds retreated, money markets pared wagers on 2024 rate cuts and UK stocks trimmed an advance. “We should be able to reduce rates gradually over time,” Governor Andrew Bailey said in a statement, stressing that such a path would depend on price pressures continuing to ease. “It’s vital that inflation stays low, so we need to be careful not to cut too fast or by too much.”
About us
HG Markets is a constituent company of Harvest Group. Harvest group is a renowned business entity of Pakistan operating in the financial sector since 1994. HG Markets, is a corporate member of Pakistan Mercantile Exchange (PMEX) and offers top of the line trading facilities for market participants interested to trade in futures contracts offered by PMEX. Building on the heritage of Harvest Topworth International (www.harvesttopworth.com), HG Markets serves the investment & trading needs of customers around the country. We provide a wide range of benchmark futures and products available on the exchange, covering all major asset classes, acting as a portal where buyers and sellers trade commodities.
- Website
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http://www.hgmarkets.pk/
External link for H.G Markets - Harvest Group
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Lahore, Punjab
- Type
- Privately Held
- Founded
- 1994
- Specialties
- Futures Contracts, Consultancy, Brokerage, Analysis, Financial Markets, Commodity Trading, and Forex Trading
Locations
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Primary
2 Race Course Road
Lahore, Punjab, PK
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BC 11
Block 5 , Clifton
Karachi, PK
Employees at H.G Markets - Harvest Group
Updates
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H.G Markets is proud to announce that we've been honored with the following prestigious PMEX awards for 2024 Best Broker Pan Pakistan Best Broker Lahore Top Broker Accounts awards This recognition is a testament to our unwavering commitment to providing exceptional services and a superior customer experience. We are grateful for the trust and support of our valued clients. Thank you, PMEX, for this esteemed honor. We look forward to continuing to serve our clients with the same dedication and excellence. #PMEXAwards #BestBroker #HGMarkets #TradingExcellence #Pakistan #Lahore
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The #Federal Reserve on Wednesday enacted its first #interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to head off a slowdown in the labor market. With both the jobs picture and inflation softening, the central bank’s Federal Open Market Committee chose to lower its key overnight borrowing rate by a half percentage point, or 50 basis points, affirming market expectations that had recently shifted from an outlook for a cut half that size. Outside of the emergency rate reductions during Covid, the last time the #FOMC cut by half a point was in 2008 during the global financial crisis.
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U.K. #inflation came in at 2.2% for the month of August, data from the Office for National Statistics showed Wednesday. The headline #consumer price index (CPI) reading matched analyst expectations, according to economists polled by Reuters, and in line with the previous 2.2% reading in July. Headline CPI had come in at 2% in May and June, in line with the Bank of #England’s target rate. #BOE policymakers will meet on Thursday to give their latest monetary policy decision, with traders largely expecting the bank to hold rates steady. #HGMarkets #TopBroker #ranking #FuturesTrading #PMEX #MarginTrading #Commodities #Metals
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H.G Markets - Harvest Group reposted this
🌐 Join us for an insightful Webinar on Understanding the Impact of the FOMC Meeting with H.G Markets - Harvest Group 🗓 Date: 18th Sept (Wednesday) 🕓 Time: 4:00 PM 🔗 Click the link below to join: https://lnkd.in/dTu9C48m 💡 Learn, engage, and stay ahead in the world of futures trading! Don't miss out! #GoldTrading #Webinar #FinancialEducation #InvestmentInsights #TradingStrategies 🚀
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We are heading into a busy week with major central bank decisions. The Federal Reserve (Fed), the Bank of England (BoE) and the Bank of Japan (BoJ) will announce their latest policy verdicts this week. The Brits and the Japanese are expected to remain seated on their hands and the Fed will certainly lower its rates this week. Elsewhere, Brazil’s central bank is scheduled to hold its next policy meeting on Wednesday followed by Norway’s Norges Bank and South Africa’s Reserve Bank on Thursday.
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State Bank of Pakistan's Monetary Policy Committee has reduced the policy rate by 200 basis points to 17.5%! This is the third consecutive cut, citing decreasing core inflation. IMF's Executive Board to discuss Pakistan's Extended Fund Facility Arrangement on September 25. Market participants await IMF program finalization, FTSE rebalancing, and corporate earnings results. Despite challenging economic conditions, corporate earnings remain positive. Recent oil price drop supports external account and reduces inflationary pressure. Institutional investors seek opportunities in sluggish market. Expected interest rate cut and IMF program finalization to improve economic outlook, attracting investors and promoting market rally. #PSX #SBP #IMF #Economy
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Week's important Economic Reports ( Monday, 16 September 2024 - Friday, 20 September 2024) #HGMarkets #TopBroker #ranking #FuturesTrading #PMEX #MarginTrading #Commodities #Metals
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Top Ten Brokers of the Week (Week: September 09 - September 13, 2024) H.G Markets maintaining its top spot based on Traded Value #HGMarkets #TopBroker #ranking #FuturesTrading #PMEX #MarginTrading #Commodities
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Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $30.17 per troy ounce, up 0.97% from the $29.88 it cost on Thursday. Silver prices have increased by 26.77% since the beginning of the year. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 85.27 on Friday, down from 85.64 on Thursday. Silver will probably continue higher toward the range high at roughly $30.90 before encountering resistance from the ceiling. #HGMarkets #TopBroker #ranking #FuturesTrading #PMEX #MarginTrading #Commodities #silver