Noor Trends News, Technical Analysis, Educational Tools and Recommendations

European stocks surged on Friday, strongly rebounding from recent losses that resulted from a sell-off wave, as fears about the rise in the U.S. inflation rate eased. The STOXX Europe 600 index gained 1.2% to finish at 442.55 points, but remained down for the week by about 0.5%. The auto …

The number of active rigs drilling for crude oil and natural gas in the United States rose by five to 453 this week, according to data by Baker Hughes on Friday. The weekly report indicated that the oil rig count increased by eight to 352 this week, as natural gas …

Consumer confidence the United States declined in the early days of the month due to the rise in the inflation rate, according to data by the University of Michigan released on Friday. The Consumer Sentiment Index rose decreased by 6.2% to 82.8 from 88.3 in April, but rose by 14.5% …

Business inventories in the United States increased during March, official data by the Department of Commerce showed on Friday. The increase in inventories in March was relatively limited due to raw materials shortage that impacted production across some sectors. In March, business inventories leveled up by 0.3% with the reading …

Industrial Production in the United States expanded by 0.7% on a monthly basis in April, the US Federal Reserve reported on Friday. This reading followed March’s increase of 2.4% (revised from 1.4%) and fell short of analysts’ estimate of 1%.

Manufacturing Sales in Canada increased by 3.5% to the highest level since June 2019 at $57.8 billion in March, the data published by Statistics Canada revealed on Friday. This reading came in line with the market expectation. “The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased …

Retail sales in the United States were unexpectedly flat in April as support ebbed from stimulus payments, but the coming months are likely to see an acceleration as savings reach unprecedented levels and economic activity resumes. Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. …

Crude oil futures rose during the European session on Friday. According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%. It previously traded at a session high $64.75 a barrel. Crude oil may find …

Gold futures rose during the European session on Friday. According to the COMEX, New York Mercantile Exchange, gold futures traded in June at $1834.05 an ounce at the time of writing, up 0.55%. It previously traded at a session high of $1837.50 an ounce. Gold may find support points at …

The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …