Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 11 November 2021 9:01 pm

  U. S. Deficit Narrowed in October, Ahead of Debt-Ceiling Debate

  

  U. S. Monthly deficit shrank versus 2020, as government collected more revenue and pulled back on spending.As lawmakers prepare for another hike in the debt ceiling, it remains important to explain why it is economically feasible for the U.S. to keep borrowing, as long as interest rates stay low, partly …

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• 11 November 2021 8:25 pm

  Eurozone recovery hit by high energy costs

  

  The European Commission raised its growth forecast for the year for the 19 countries using the euro, saying Thursday that the economy was bouncing back from the worst of the coronavirus pandemic as people went back to work in consumer-facing jobs.However, the EU’s executive branch lowered its outlook for next …

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• 11 November 2021 7:46 pm

  UK Recovery Lagging Behind G7

  

  A strong blow has beaten Britain’s hopes to grab a slice of the market for electric vehicle batteries after one of the biggest chemical companies said it would give up on developing the technology.Johnson Matthey, a member of the FTSE 100, announced plans on Thursday to exit the battery materials …

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• 11 November 2021 7:13 pm

  Global Shares Mixed on Inflation Data

  

  Global shares were mixed Thursday over a worrying report on U.S. inflation, released Wednesday, that slammed into the bond market and knocked stocks lower on Wall Street.France’s CAC 40 edged up 0.1% to 7,050.48 in early trading, while Germany’s DAX lost 0.2% to 16,033.55. Britain’s FTSE 100 added 0.3% to …

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• 11 November 2021 7:02 pm

  Wall Street Opens Higher on Big Tech Gains

  

  U. S. shares opened mostly higher on Wall Street Thursday a day after a surge in inflation knocked the market lower. Big tech companies had some of the strongest gains in the early going. The S&P 500 was up 0.2% and the tech-heavy Nasdaq rose 0.7%.The Dow Jones slid 0.2%, …

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• 11 November 2021 6:27 pm

  Market Drivers – European Session 11-11-2021

  

  There were no major market movers during the European session. The dollar jumped to its highest level in 16 months against the euro and other major currencies on Thursday, while the yen fell towards its lowest levels in several years, after the highest inflation reading in the United States in …

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• 11 November 2021 5:59 pm

  OPEC: Rising Energy Prices Will Reduce Demand For Oil in Q4

  

  On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast for global oil demand growth in the fourth quarter of this year due to high energy prices but kept its expectations of strong demand growth above pre-pandemic levels in 2022. OPEC said in a monthly report that …

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• 11 November 2021 4:14 pm

  US Stock Futures Rose Marginally Today

  

  US stock futures rose marginally in trading on Thursday, after a massive sell-off in US technology shares. The Dow Jones Industrial Production Index futures rose 41 points, or 0.11%, to 36,033 points, the S&P 500 index rose to 4,656 points, an increase of 14 points, or 0.3%, and the Nasdaq …

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• 11 November 2021 3:06 pm

  EU Commission Sees Eurozone Inflation at 2.4% in 2021

  

  The European Commission expects the eurozone economy to grow by 5% in 2021, 4.3% in 2022, and 2.5% in 2023. According to the Commission, the labor market in the euro area is witnessing a remarkable improvement with the creation of 1.5 million new jobs, and the labor market will complete …

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• 11 November 2021 1:51 pm

  Market Drivers – Asian Session 11-11-2021

  

  Japanese stocks closed higher on Thursday as investors were selective and picked undervalued stocks compared to their latest expectations, while concerns about rising costs weighed on buying. The Nikkei average rose 0.59 percent to 29,277.86 points, after losing 0.2 percent earlier in the session, affected by the decline in US …

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• 11 November 2021 1:30 pm

  The Turkish Lira Plunges to a New Low Due to Inflation Fears

  

  The Turkish lira plunged to a new record low against the dollar on Thursday after higher-than-expected US inflation data exacerbated concerns about a currency already battered by central bank monetary policy. The lira settled at 9.9050 against the dollar, after falling to 9.91 dollars and down 0.6 percent from the …

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• 11 November 2021 12:59 pm

  The Dollar Hits Its Highest Level in 2021

  

  The dollar jumped to a 16-month high against the euro and other major currencies on Thursday, while the yen slipped toward multi-year lows, after the highest US inflation reading in 30 years boosted bets on higher interest rates. Data showed consumer price growth in the United States at the fastest …

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• 11 November 2021 2:10 am

  General Motors Seeing Better Semiconductors Supply

  

  General Motors Co is seeing a better flow of semiconductors, and most of its assembly plants in North America are now back to running regular production, including Mexico, according to GM spokesperson.

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