Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 13 July 2021 5:30 pm

  US annual CPI Inflation jumps to 5.4% in June

  

  Inflation in the US, as measured by the Consumer Price Index (CPI), jumped to 5.4% on a yearly basis in June from 5% in May, the data published by the US Bureau of Labor Statistics revealed on Tuesday. Excluding volatile food and energy prices, the core CPI rose 4.5%, the …

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• 13 July 2021 4:45 pm

  Goldman Sachs Reports Earnings Per Share of $15.02 in Q2, 2021

  

  Goldman Sachs Group reported Tuesday, July 13th, a rise in second-quarter 2021 earnings, as the largest Wall Street investment bank benefited from record dealmaking activity globally. Net profit attributable to common shareholders increased to $5.35 billion in the three months ended June 30, compared to $2.25 billion a year earlier. …

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• 13 July 2021 3:35 pm

  Gold Rises Before Today’s Data

  

  Gold rose in Tuesday morning trading in Asia, settling to a one-week low hit during the previous session. While the dollar weakened ahead of US inflation data that could indicate when the US Federal Reserve is likely to start declining assets. Gold futures were also up 0.24 at $1,810.15, dropping …

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• 13 July 2021 2:44 pm

  France Fines Google 500 Million Euros For Intellectual Property Rights

  

  France’s antitrust watchdog has fined Google 500 million euros ($593 million) for failing to fully comply with interim orders in a dispute with news publishers in France. The US tech giant must come up with suggestions within the next two months on how to compensate news organizations and other publishers …

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• 13 July 2021 1:48 pm

  Crypto Assets Saw an Outflow of Capital at The Beginning of H2

  

  Data from digital asset management Coinshares showed on Monday that crypto funds and products saw an outflow of capital at the start of the second half of the year, with an atmosphere of caution continuing amid a summer slump in trading. There were net inflows of $4 million from digital …

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• 13 July 2021 1:28 pm

  IEA: Stalled Talks in OPEC+ May Lead to a Price War in Light of High Demand

  

  Stalled talks among major oil producers about pumping more supplies could deteriorate into a “price war”, the International Energy Agency said Tuesday, July 13, as COVID-19 vaccines drive up crude demand. The agency added that the possibility of a battle for market share threatens markets, even if it is a …

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• 13 July 2021 12:45 pm

  Oil Prices Rise Thanks to an Expected Drop in US Crude Stocks

  

  Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the …

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• 13 July 2021 12:20 pm

  The TOPIX Index Closes Near a Month-High

  

  Japanese stocks rose on Tuesday, July 13th, with the broader TOPIX index nearing its highest level in nearly a month, after markets recovered from last week’s sell-off, while a host of corporate results awaited to extract fresh clues about the health of Japan’s economy. The Nikkei index closed up 0.52% …

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• 13 July 2021 2:04 am

  Wall Street Closes at New Record Highs

  

  The New York Stock Exchange (NYSE) finished Monday’s trading with another record-breaking performance amid an improved risk sentiment among Wall Street investors, who are anticipating major economic data led by the reading of the inflation rate, with the Consumer Price Index (CPI) June reading due tomorrow. The Dow Jones Industrial …

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• 13 July 2021 1:55 am

  U.S. Treasury Yields Edge Higher but Remain Subdued

  

  U.S. Treasury bond yields leveled up on Monday, after falling below 1.3% last week, amid anticipation for economic data and more indicators that can reveal the progress on the road to recovery from the Coronavirus pandemic. In addition, investors await the Federal Reserve Chairman Jerome Powell’s testimony before Congress on …

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• 13 July 2021 12:37 am

  Oil Logs First Time After Two Rises

  

  Oil prices posted on Monday the first decline in three sessions due to the rising concerns about the resurgence of the Coronavirus pandemic with the spread of the Delta variant in many parts of the world. Uncertainty about the pandemic and economic recovery is negatively reflecting on the expectations for …

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• 12 July 2021 11:24 pm

  ECB Vows to Put New Policy in the Next Meeting

  

  The European Central Bank (ECB) is expected to lay out a new policy path during its upcoming meeting after a change in its inflation strategy. The central bank is now able to tolerate inflation higher than the 2% target, keeping in mind that it does not plan to end the …

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• 12 July 2021 10:30 pm

  Gold Declines as the Dollar Strengthens

  

  Gold prices declined on Monday as the U.S. Dollar rose across the board, and amid a rebound in stock markets hitting new record highs with an improvement in risk sentiment among investors, which weighed on the demand for safe havens. In addition, the decline came as a correction movement with …

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