Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 16 December 2021 10:30 pm

  Fed’s Statement Signals Inflation Threshold Met

  

  At the last meeting in 2021, the Federal Reserve decided to increase the pace of the QE tapering and the projections of the FOMC staff showed a potential of three rate hikes for next year. Analysts at Wells Fargo, point out the bar for rate hikes now rests squarely on …

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• 16 December 2021 10:05 pm

  Wells Fargo: US Industrial Production Not Getting Worse

  

  Though still affected by supply chain bottlenecks and constraints including labour shortages, the US industrial production grew just 0.5% in November, a marked slowdown from the upwardly revised 1.7% pick-up in October, mentioned analysts at Wells Fargo.Analysts have pointred out that slight improvements in supplier deliveries suggest things are at …

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• 16 December 2021 9:45 pm

  Another Rate Hike Coming Early Next Year By Bank of England

  

  After the rate hike announcement on Thursday from the Bank of England, analysts at Rabobank held on to their forecast of a much less aggressive tightening cycle than what is currently priced in front-end rates. They expect another 25 bps hike early next year. The Bank of England MPC confused …

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• 16 December 2021 9:37 pm

  Lagarde Itroduces Changes To QE Programmes

  

  The European Central Bank introduced changes to its QE programs on Thursday. The ECB could have delivered a more hawkish calibration, but retain flexibility and optionality for now. During today’s press conference, Christine Lagarde conveyed that optionality and flexibility were key components of ECB’s calibration. The calibration has both something …

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• 16 December 2021 9:26 pm

  Most Treasury Yields Decline, Investors Digest Fed’s Decisions

  

  Most U.S. Treasury yields fell early Thursday, taking back some of the rise seen in the previous session after the Fed’s move to accelerate thewithdrawal of its asset-purchasing program and penciled in three interest rate increases in 2022.Meanwhile, investors weighed an interest rate hike by the Bank of England and …

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• 16 December 2021 8:16 pm

  US Stocks Jump, Apple Nears New Milestone

  

  US stocks rose for a second session after the Federal Reserve said it will accelerate the withdrawal of its economic stimulus and even as weekly jobless claims moved higher. The Dow Jones Industrial Average rose 146 points or 0.4%, while the S&P 500 and Nasdaq Composite gained 0.45% and 0.39%, …

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• 16 December 2021 7:47 pm

  Evergrande Stuck By Lawsuits, Investors’ Bargaining

  

  Chinese creditors have sued Evergrande for more than USD 13 billion in overdue payments, as domestic companies owed money by the embattled property developer race against offshore bondholders to secure repayment.A Chinese court assigned to handle civil lawsuits against Evergrande has accepted 367 cases with claims amounting to USD 13.2 …

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• 16 December 2021 6:18 pm

  US: Housing Starts Rose by 11.8% in November

  

  Housing Starts in the US rose by 11.8% on a monthly basis in November after falling at a 3.1% rate in October, data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Thursday. That lifted the 12-month rolling number of Housing …

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• 16 December 2021 6:11 pm

  US: Weekly Initial Jobless Claims Rises to 206K

  

  There were 206,000 initial claims for unemployment benefits in the US during the week ending December 11, data published by the US Department of Labor (DoL) revealed on Thursday. This reading followed last week’s print of 188K (revised up from 184K), which was the lowest reading since 1969, and came …

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• 16 December 2021 5:17 pm

  ECB Leaves Rates Unchanged, Confirms March End to PEPP,

  

  The European Central Bank announced on Thursday that its Deposit Facility Rate would be left unchanged at -0.50%, as unanimously expected by analysts and market participants. The bank said that progress on the economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its …

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• 16 December 2021 4:02 pm

  Bank of England Hikes Interest Rates by 15bps to 0.25%

  

  The Bank of England announced on Thursday that it would hike its benchmark interest rate by 15bps at 0.25%. Leading up to the meeting, markets had been pricing a roughly 60% chance of a hike, with these odds rising in wake of Wednesday’s hotter than expected UK November Consumer Price …

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• 16 December 2021 3:40 pm

  CBRT Cuts Policy Rate by 100 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 14% from 15%. This decision came in line with the market expectation. The Turkish lira fell against the US dollar to a record low this …

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• 16 December 2021 3:20 pm

  Gold Rises After Fed Decisions

  

  Gold prices rose during trading Thursday, after the decisions of the Federal Reserve, and amid the decline of the US dollar from its highest level in three weeks. The Federal Reserve decided to reduce its bond purchases by $30 billion per month, starting next January, instead of the previously announced …

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