Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 29 July 2021 8:00 pm

  U.S. Natural Gas Inventories Rise in Week

  

  Natural gas inventories in the United States increased by 36 billion cubic feet for the week ending July 23, the U.S. Energy Information Administration (EIA) reported on Thursday. The increase came below market expectations of a 40 bcf rise. Total natural gas stockpiles reached 2.714 trillion cubic feet, down by …

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• 29 July 2021 7:37 pm

  U.S. Pending Home Sales Drop in June

  

  U.S. pending home sales declined in June by 1.9%, according to data by the National Association for Realtors released on Thursday. The decline came against market expectations of an increase amid a tight supply in the housing market. Meanwhile, May’s reading was revised upwards to show an increase of 8.3% …

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• 29 July 2021 6:02 pm

  Currencies Overview: The US Dollar Falls to a Month Low, The Pound at a Month High

  

  The dollar fell to a one-month low on Thursday after the Federal Reserve reassured that a rate hike was still a long way off, giving a major boost to most other currencies from the Australian dollar to the Chinese yuan. China’s efforts to calm stock market jitters precipitated by its …

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• 29 July 2021 5:30 pm

  U.S: Weekly Initial Jobless Claims Decline to 400K

  

  There were 400,000 initial claims for unemployment benefits in the US during the week ending July 24, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 424,000 (revised from 419,000) and came in worse than the market expectation of …

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• 29 July 2021 5:06 pm

  US Economy Grows by 6.5% in Q2

  

  The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.5% in the second quarter of 2021, the US Bureau of Economic Analysis’s first estimate showed on Thursday.

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• 29 July 2021 4:16 pm

  Germany: Annual HICP Rises to 3.1% in June

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), jumped to 0.9% (preliminary) on a monthly basis in June from 0.4% in May. On a yearly basis, the CPI rose to 3.8% from 2.2%. Both of these readings came in higher than market expectations.

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• 29 July 2021 3:37 pm

  Eurozone Sentiment Hits Record High in July

  

  Estimates from the European Commission showed Thursday, July 29 that economic sentiment in the Eurozone hit a record high in July, but waning consumer optimism and a slowdown in the rate of increase may indicate that the peak is fast approaching. The Commission said in its monthly survey that sentiment …

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• 29 July 2021 2:34 pm

  Oil Rises on Lower Inventories

  

  Oil prices rose Thursday, July 29, as crude inventories in the United States, the world’s largest oil consumer, fell to their lowest levels since January 2020, and Brent crude returned to above $75 a barrel. Brent crude futures were up 37 cents, or 0.5%, to $75.11 a barrel, and US …

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• 29 July 2021 1:38 pm

  European Shares Peak Thanks to Earnings From Airbus

  

  European shares hit record highs Thursday, July 29 as strong earnings from big commodity companies, Airbus and others boosted markets positivity, while concerns over moves by regulators in China dispelled. The Stoxx600 index of European shares rose 0.3% to an all-time high of 463 points in early trading. The shares …

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• 29 July 2021 1:22 pm

  Japan Shares Close Higher Thanks to Positive Corporate Earnings

  

  Japanese shares closed higher on Thursday, as Nissan Motor and some semiconductor companies reported surprisingly strong profits, while investors were relieved after the US Federal Reserve indicated it was in no hurry to cut monetary easing. The Nikkei rose 0.73% to 27,782.42 points, while the broader TOPIX index closed up …

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• 29 July 2021 12:27 pm

  Pfizer Expects Coronavirus Vaccine Sales to Exceed $33.5 Billion This Year

  

  US drugmaker Pfizer raised its forecast for sales of its 2021 vaccine against COVID-19 by 29% to $33.5 billion. The company said it believed people would need a third dose of the vaccine it developed with its German partner BioNTech to maintain a high degree of protection against the virus. …

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• 29 July 2021 11:44 am

  Ford Raises its Forecast For 2021 After Posting Surprising Profits in The Second Quarter

  

  Ford Motor Company raised its earnings forecast for this year after it announced a windfall profit, saying it was selling more expensive cars. Its revenue slightly missed expectations due to an ongoing global shortage of semiconductor chips. Earnings per share were 13 cents, versus expectations of a loss of 3 …

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• 29 July 2021 11:20 am

  Russia’s Novatek’s Second-Quarter Profit More Than Doubles

  

  Novatek, Russia’s largest liquefied natural gas producer, said Wednesday, July 28, that its net profit more than doubled to 99.3 billion rubles ($1.35 billion), citing a recovery in oil and gas prices and production volumes. Revenue jumped 83.7% to 264.5 billion rubles.

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