Noor Trends News, Technical Analysis, Educational Tools and Recommendations

Italian Prime Minister Mario Draghi asked on Wednesday for the upper house Senate to hold a confidence vote that will effectively decide if his coalition government stays in office. This development comes only one day ahead of Thursday’s European Central Bank meeting while heated inflation risks have already seen money …

Following Wednesday’s voting, Penny Mordaunt has been knocked out of the Conservative leadership contest, leaving Rishi Sunak and Liz Truss to face each other in the run-off to replace Boris Johnson.The winner of the final round is expected to be announced on Monday, September 5, following a postal ballot completed …

Consumer confidence in the Eurozone declined in July due to the increasing cost of living and a slowdown of the economy, falling to its lowest level on record.The European Commission said Wednesday that its measure of consumer confidence in the region fell to minus 27.0 in July from a revised …

The Canadian consumer price index (CPI) surged 8.1 per cent in June from a year earlier, up from 7.7 per cent in May, Statistics Canada said on Wednesday. It was the highest inflation rate since 1983. Canada’s inflation soared to its highest rate in nearly forty years in June, although …

Existing Home Sales in the United States sharply declined for the fifth straight month in June to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors reported on Wednesday. Sales were down 5.4% and 14.2% on a monthly and yearly basis, respectively. Details of the report …

The International Monetary Fund announced that it lowered its growth forecasts for Germany to 1.2% for 2002 and to 0.8% for 2023. In its previous forecast, the IMF was expecting the German economy to grow by 2% in both years.“Uncertainty is very high, with risks to the baseline growth forecast …

The media world breathed a huge sigh of relief Tuesday, especially in streaming as Netflix’s second-quarter earnings report revealed the company lost 970,000 subscribers. And while that is a big number — the biggest subscriber loss in the company’s 25-year history — it is also a little less than half …

On Tuesday, the Turkish lira fell as low as 17.579 against the US dollar. The dollar’s strength and concerns about rising domestic inflation and low-interest rates pushed the currency to its weakest levels since a major currency crisis in December. Since the historic crash last year, the central bank has …

European shares hovered near six-week highs on Wednesday, July 20, as concerns over energy supplies eased after a report that Russian gas supplies would resume on schedule, while markets focused on Italian Prime Minister Mario Draghi’s speech to parliament amid a political crisis. The pan-European Stoxx 600 index rose 0.4% …

The American Petroleum Institute said that crude oil inventories rose by 1.9 million barrels in the week ending on the fifteenth of July. The weekly report of the American Institute revealed that gasoline stocks rose by 1.3 million barrels last week, while distillate stocks decreased by 2.2 million barrels. The …