Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 13 October 2021 10:37 pm

  U. S. shares struggle ahead earnings season

  

  U. S. shares opened higher, Wednesday, but turned negative. As third-quarter earnings reports start flowing in today, investors will be keeping a sharp eye on growth. Returns will slow because of elevated inflation and supply chain disruptions in addition to rising costs.Despite the current bottlenecks and inflation pressures, Fed is …

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• 13 October 2021 10:26 pm

  Investors watching for clues by FOMC minutes

  

  The Fed minutes are not released in a lock up any longer so the report will be put up on the Fed website at the top of the hour and then the free-for-all begins.To recap, the key line in the FOMC statement was:“If progress continues broadly as expected, the Committee …

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• 13 October 2021 10:19 pm

  Putin: Russia will supply more gas if Europe asks

  

  Russian President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, rejecting accusations that Moscow squeezes supplies for political motives.“If they ask us to increase further, we are ready to increase further. We will increase by as much as our partners ask …

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• 13 October 2021 10:02 pm

  U.S. consumers expect 30% surge of winter heating bills

  

  U.S. households using natural gas are expected to pay a 30% hike in heating bills. The U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the Energy Information Administration released Wednesday.The …

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• 13 October 2021 9:51 pm

  European Union to cancel checks on British goods

  

  The European Union said its new plan for Northern Ireland will cut customs paperwork by 50% and mean most food products will not need to be checked when arriving from Great Britain.Northern Ireland has a special Brexit deal which keeps it in the EU’s single market for goods and allows …

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• 13 October 2021 9:42 pm

  Inflation data push Treasury yields closer together

  

  The gap between yields on shorter- and longer-term Treasury yields narrowed Wednesday after new data showed consumer prices rose in August. The gap narrowed mainly because Longer-dated Treasury yields moved lower after stronger than expected U.S. inflation data.In turn, 10 and 30 year U.S. yields were lower on Wednesday morning. …

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• 13 October 2021 9:08 pm

  CPI data creates problems for Wall Street

  

  Stocks on Wall Street drifted between gains and losses on Wednesday, with the S&P 500 down 0.2% soon after the start of trading. The Nasdaq composite ticked up 0.3%. After opening higher, the Dow and S&P 500 soon lost momentum and gave back their modest gains in exchange for losses. …

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• 13 October 2021 8:42 pm

  BoE: Crypto growth could create risk

  

  Cryptocurrency market is double the size of the sub-prime debt in the U.S. on the eve of the financial crisis posing a threat unless urgently regulated according to the Bank of England.Crypto assets are worth $2.3 trillion, about 200% more than at the start of 2021. While that represents a …

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• 13 October 2021 8:00 pm

  U.K. disposable incomes dropping

  

  U.K. disposable incomes are set for their biggest drop in a decade next year as rising inflation, tax hikes and tighter monetary and fiscal policy put the squeeze on consumers, according to Credit Suisse.The bank predicts a 1.5% drop in real disposable incomes in 2022, the biggest fall since the …

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• 13 October 2021 7:48 pm

  Chinese real estate sector suffers fresh downgrades

  

  The deep crisis of Chinese Evergrande Group and major home builders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday triggering new credit rating downgrades.Evergrande missed its third round of interest payments on its international bonds this week, and other firms have also warned …

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• 13 October 2021 7:24 pm

  What inflation and CPI surge means for Tapering

  

  Inflation in the U.S. accelerated moderately in September with the consumer-price index CPI up 0.4% in September from August, and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.U. S. inflation isn’t going away and that means …

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• 13 October 2021 7:06 pm

  IMF warns of crypto impact

  

  The International Monetary Fund (IMF) has issued a warning about the growing risks in the expanding cryptocurrency space, including fraud, excess speculation and potential “runs” on seemingly more stable assets, in a report on Tuesday.Crypto in all its forms has been spreading around the globe. Nearly half of the world’s …

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• 13 October 2021 6:14 pm

  Market Drivers – European Session 13-10-2021

  

  During the European session today, the Chinese yuan rose to 6.44 against the US dollar, approaching a two-week high of 6.43 touched earlier in October. Investors cheered strong Chinese trade data showing that exports and imports continued to rise at robust rates in September, both of which set records. On …

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