Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 30 April 2021 2:20 pm

  The Eurozone Economy Contracted by 0.6% in Q1

  

  The eurozone economy shrank in Q1 2021, as countries implemented new closures and restrictions amid the third wave of coronavirus infections. GDP in the region fell 0.6% quarter-on-quarter, against expectations of a 0.8% contraction, according to preliminary data released by Eurostat. Germany, Italy and Spain all saw a decline in …

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• 30 April 2021 2:19 pm

  BNP Paribas Bank posts a profit of 1.8 billion Euros in Q1 of 2021

  

  BNP Paribas Bank announced its data for the first quarter of 2021, recording a net income of 1.8 billion euros, equivalent to 2.18 billion dollars, an increase of 11% from the previous quarter, while analysts expected a net profit of 1.2 billion euros during the first quarter 2021, according to …

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• 30 April 2021 1:44 pm

  Barclays Bank’s Earnings Exceeds Expectations in the First Quarter of 2021, at 1.7 Billion Pounds

  

  Barclays Bank announced a net profit for the first quarter of 2021 of 1.7 billion pounds, or 2.37 billion dollars, supported by lower fees for loan impairment. The BoE said these fees fell “dramatically” in the first three months of the year to 55 million pounds – down from 2.1 …

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• 30 April 2021 1:42 pm

  AstraZeneca Reports Earnings Per Share of $1.19 in Q1 2021, up 100% Year-on-Year

  

  AstraZeneca reported a 100% year-on-year increase in earnings per share for Q1 of 2021, to $1.19. The company achieved strong revenue growth of 15% in Q1 of 2021 to $7.3 billion, excluding a contribution from the pandemic vaccine COVID-19, revenue growth increased by 11% to $7.04 billion.

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• 30 April 2021 12:55 pm

  India Records a Daily Record Increase in Covid-19 Infections

  

  The Indian Ministry of Health data said that India recorded a record daily increase in infections with the Coronavirus, amounting to 386,452 Friday, April 30, while the number of deaths from the virus jumped 3,498 during the past twenty-four hours. According to Reuters statistics, India has added 7.7 million cases …

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• 30 April 2021 12:35 pm

  Japan Shares Drop on Tech companies’ And Pandemic Fears

  

  Japanese stocks closed lower Friday, April 30, weighed by disappointing expectations for technology companies, while the rise in the frequency of Covid-19 infections in the country affected investor sentiment. The Nikkei index fell by 0.83% to close at 28812.63 points, while the broader Topix index fell 0.57% to 1898.24 points. …

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• 30 April 2021 3:02 am

  The British economy is Expected to Grow Better Than Its US Counterpart in 2021

  

  A report by Goldman Sachs expected that the British economy would record a faster growth pace than its US counterpart, with the acceleration of the distribution of anti-virus vaccines in the United Kingdom. The British government succeeded in delivering the vaccine to nearly half of the UK population, who received …

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• 30 April 2021 1:02 am

  Amazon Sales Are up 44% in Q1 2021 and the stock at an All-Time High

  

  Amazon shares rose as much as 3% in post-close trade Thursday April 29th, after the company released its first-quarter earnings, beating Wall Street’s earnings and revenue expectations. The company made profits of $15.79 per share, compared to expectations of $9.54 per share, and revenues of $108.52 billion compared to expectations …

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• 29 April 2021 9:43 pm

  US: Weekly Initial Jobless Claims Decline to 553K

  

  There were 553,000 initial claims for unemployment benefits in the US during the week ending April 24, the data published by the US Department of Labor (DOL) showed on Thursday. This reading came in slightly worse than the market expectation of 549,000 but showed an improvement from the previous record …

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• 29 April 2021 9:41 pm

  Rising Bond Yields And Profit-Taking Push European Stocks Lower

  

  European stocks closed lower Thursday, April 29th, despite banks’ highs in 14 months thanks to strong quarterly earnings, as rising Eurozone bond yields prompted some investors to sell for profit after reaching near-record levels. The pan-European STOXX 600 index fell 0.3% to 438.77 points, far away from its record high …

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• 29 April 2021 3:24 pm

  Increases Seen in Caterpillar’s Q1 Financial Report

  

  Caterpillar Inc. announced its first-quarter earnings before the opening Thursday. Earnings per share (EPS) hit $ 2.87, ahead of a consensus of $ 1.94, and revenue came to $ 11.9 billion, beating expectations at 11.09. CAT officials say this is because of higher sale volume, driven by higher-end user demand, …

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• 29 April 2021 2:47 pm

  Standard Chartered earnings grow by 18% in Q1 2021

  

  Standard Chartered posted an 18%, more than expected, increase in first-quarter earnings before tax, as the emerging market-focused bank began recovering from the economic damage from the coronavirus pandemic. Profit before tax in the period from January to March was $1.4 billion, compared with $1.2 billion in the same period …

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• 29 April 2021 2:08 pm

  Gold Rising as The US Fed Maintains Its Easing Stance

  

  Gold prices rose Thursday April 29th, as the dollar fell after the US Federal Reserve decided to keep interest rates low for the foreseeable future, despite adopting a brighter view of the economic recovery. And gold rose in immediate trading 0.2% to 1784.26 dollars an ounce. US gold futures rose …

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