Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 13 August 2021 4:43 am

  Oil Prices Ease Despite OPEC’s Positive Expectations

  

  Oil prices closed lower on Thursday after OPEC maintained expectations for demand growth this year. Brent crude futures for October delivery lost 13 cents, or 0.18%, to close at $71.31 per barrel, snapping a two-day rising streak, while the West Texas Intermediate (WTI) futures decreased by 16 cents, or 0.23%, …

  Read More »
• 13 August 2021 4:27 am

  NYSE Finishes Higher with New Record Highs

  

  The New York Stock Exchange (NYSE) finished higher on Thursday, with the Dow Jones and S&P 500 indices logging new record highs for the third consecutive sessions for the first time since mid-March. The Dow Jones Industrial Average added 14.88 points, or 0.04%, to close at an all-time high of …

  Read More »
• 13 August 2021 4:03 am

  Gold Finishes Lower as USD Rises Across the Board

  

  Gold prices closed lower on Thursday, as the U.S. Dollar (USD) edged higher after data showed another decline in jobless claims and an increase in producer prices. Gold front-month futures declined by $1.40, or 0.08%, to finish at $1,749.00 per ounce, snapping a two-session rising streak.

  Read More »
• 13 August 2021 2:38 am

  Adidas to Sell Reebok in $2.5 B Deal

  

  Adidas is selling Reebok to Authentic Brands Group in a deal worth about EUR 2.1 billion ($2.5 billion). The largest sportswear manufacturer in Europe reportedly wants to focus on its main business and core brand The German multinational company acquired Reebok in 2006 in a $3.8 billion deal that failed …

  Read More »
• 13 August 2021 2:03 am

  Mexico Raises Main Interest Rate to 4.5%

  

  The Bank of Mexico announced on Thursday that it has decided to raise its key interest rate by 25 basis points to 4.5%. The move, which only three of the five board members voted in favor, aims at combating increasing inflationary pressures. Two other board members voted to maintain interest …

  Read More »
• 13 August 2021 1:56 am

  U.S. Home Prices Surge in Q2 to New Record High

  

  U.S. home prices increased during the second quarter of the year, amid higher demand and a limited supply of available homes. Data by the National Association of Realtors showed on Thursday that the median sales price for single-family existing homes increased in 94% of metropolitan areas across the United States …

  Read More »
• 13 August 2021 1:46 am

  Disney Exceeds Expectations in Quarterly Results and Stock Soars 5%

  

  The Walt Disney Company has registered a huge surge in revenues, backed by higher sales as more people return to visit the famous theme park and the number of subscriptions to its streaming services growing steadily. Disney reported its best sales and profit since the onset of the coronavirus pandemic, …

  Read More »
• 13 August 2021 12:48 am

  GBP/USD Plunges Following UK GDP Data

  

  The Sterling Pound (GBP) is declining against the U.S. Dollar (USD) on Thursday, with the greenback fluctuating against major currencies but mostly maintaining the positive territory. Meanwhile, the British Pound has declined to its level in roughly two weeks after data showed that the United Kingdom’s economy grew faster than …

  Read More »
• 12 August 2021 10:23 pm

  M&A Global Activity Has Already Exceeded 2020 Levels

  

  The total value of global merger and acquisition (M&A) so far this year, has already exceeded that of last year, amounting to $3.6 trillion year-to-date, according to recent data by Refinitiv. A large chunk of this volume took place in the United States, where $2.14 trillion worth of M&A deals …

  Read More »
• 12 August 2021 9:03 pm

  European Stocks Maintain Rally and Hit New Record High

  

  European stocks closed higher on Thursday, managing to break yet another record high rising the ninth consecutive session, supported by an improved risk appetite among investors who are monitoring earnings reports and merger and acquisition deals. The STOXX Europe 600 index added 0.52 points or 0.11% to close at a …

  Read More »
• 12 August 2021 5:27 pm

  U.S: Annual PPI Rises to 7.8% in July

  

  The Producer Price Index (PPI) in the US for final demand rose to 7.8% on a yearly basis in July from 7.3% in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in higher than the market expectation of 7.3%. On a …

  Read More »
• 12 August 2021 4:44 pm

  Weekly Initial Jobless Claims Decline to 375K

  

  There were 375,000 initial claims for unemployment benefits in the US during the week ending August 7, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 387,000 (revised from 385,000) and matched the market consensus.

  Read More »
• 12 August 2021 3:54 pm

  OPEC Leaves 2021 And 2022 World Oil Demand Growth Forecasts Unchanged

  

  In its monthly report published on Thursday, the Organization of the Petroleum Exporting Countries (OPEC) announced that it left the 2021 and 2022 world oil demand growth forecasts unchanged despite concerns over Delta variant weighing on energy demand. OPEC currently expects the global demand to rise by 6.6%, or 5.95 …

  Read More »