Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 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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• 29 July 2021 10:30 am

  Facebook’s Quarterly Profit Beats Expectations And Posts Fastest Revenue Growth Since 2016

  

  Facebook’s earnings in the three months ended June 30 beat expectations and posted the fastest revenue growth since 2016. But Facebook shares fell 5% in after-hours trading after the social media company said it expects revenue growth to slow in the coming quarters. And earnings per share came to $3.61, …

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• 29 July 2021 6:04 am

  Senate Begins Process to Pass Infrastructure Bill and Could Approve Mega Budget Next Week

  

  The United States Senate voted on Wednesday on a large bipartisan infrastructure bill, at an estimated cost of around $550 billion in investments. A total of 67 Senators approved the bill, while 32 opposed, in the first procedural step to debate the proposed plan by President Joe Biden. Despite the …

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• 29 July 2021 5:27 am

  NYSE Closes Lower Following Fed Statement

  

  The New York Stock Exchange (NYSE) showed a mixed performance on Wednesday, after the Federal Reserve kept interest rates unchanged at a historically low level near 0%, vowing to continue to use its full range of tools to support the economy on the road to recovery from the coronavirus crisis. …

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