Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2021

• 17 November 2021 8:48 pm

  Tech Shares Lead Wall Street Slump

  

  The Dow Jones Industrial Average dropped 150 points Wednesday, as Lucid Motors and Rivian skidded in morning trade. Tesla stock rallied, extending Tuesday’s gains. And Nvidia earnings are due after the stock market close.U.S. shares were trading modestly lower on Wednesday, a day after a positive session on Wall Street, …

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• 17 November 2021 8:09 pm

  Official: Germany Must Cut Economic Dependency On China

  

  According to acting Health Minister Jens Spahn, Wednesday, the current pandemic increased Germany’s economic dependency on China in many sectors.Spahn added that an open discussion is needed on how to reduce an over-reliance on Asia’s rising giant.“We have experienced and had to experience how dependent we have become on China,” …

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• 17 November 2021 7:38 pm

  Treasury Yields React To Housing Starts

  

  U.S. Treasury yields briefly inched higher on Wednesday morning, following the October housing starts and building permits report.The yield on the benchmark 10-year Treasury note ticked up less than a basis point to 1.639% at 9:50. The yield on the 30-year Treasury bond edged 1.6 basis points higher to 2.036%. …

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• 17 November 2021 6:35 pm

  Market Drivers – European Session 17-11-2021

  

  The European session on Wednesday was mostly flat. Gold is now at $1,863.61 an ounce, up 0.7%, while gold contracts are at $1,865.7 an ounce, up 0.63%. As for the US dollar index DXY, which measures the currency’s strength against a basket of foreign currencies, it recorded 95.86, with a …

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• 17 November 2021 5:47 pm

  Annual CPI Rises to 4.7% in October

  

  The annual rate of headline Consumer Price Inflation (CPI) in Canada rose to 4.7% in October, in line with median economist forecasts and up from 4.4% in September, according to data published by Statistics Canada on Wednesday. MoM, headline CPI rose at a pace of 0.7%, also in line with …

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• 17 November 2021 4:43 pm

  The Dollar is Near Multi-Month Highs

  

  The dollar traded higher on Wednesday, benefiting from the strong retail sales during the previous session, while the Pound rallied after the release of sharp inflation that signaled a December rate hike from the Bank of England. The dollar index, which measures the greenback against a basket of six other …

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• 17 November 2021 4:16 pm

  Target Exceeding Expectations at About $3 Per Share

  

  Target said fiscal third-quarter 2021 sales jumped 13% as shoppers head for Halloween costumes and back-to-school supplies and look for holiday gifts early. Earnings per share amounted to $3.03, adjusted against expectations of $2.83, and the company recorded revenues of $25.65 billion, compared to $24.78 billion.

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• 17 November 2021 3:37 pm

  European Stocks Continue Their Gains For The Sixth Day

  

  European shares rose Wednesday, November 17th for the sixth day in a row, approaching their highest levels ever, as some positive business results helped to overcome fears of increasing inflation pressures caused by higher natural gas prices. The Stoxx600 rose 0.1%, after better-than-expected US retail trade data lifted shares on …

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• 17 November 2021 2:29 pm

  Gold Rises as Inflation Risks Persist

  

  Gold prices rose on Wednesday, as concerns about inflation kept some investors wary, but the gains were limited by expectations that higher prices could prompt central banks to raise interest rates, which also lifted the dollar. And gold rose in spot transactions 0.6 percent to $ 1860.21 an ounce by …

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• 17 November 2021 1:06 pm

  UK Annualized CPI Beats Estimates October

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at 4.2% in October when compared to 3.1% booked in September while beating expectations of 3.9%, the UK Office for National Statistics (ONS) showed on Wednesday. The core inflation gauge (excluding volatile food and energy items) rose by 3.4% YoY …

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• 17 November 2021 1:04 pm

  Japanese Stocks Change Course And Close Lower

  

  Japanese stocks reversed course to close as well on Wednesday 17th November, as concerns about rising costs and a weaker yen outweighed the positive impact of a rally in technology stocks. The Nikkei index fell 0.4% to 2,9688.33 points, while Topix fell 0.6% to 2,038.34 points. Speaking of currency splits, …

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• 17 November 2021 3:44 am

  Markets Drivers – US Session – 16-11-2021

  

  The first virtual Chinese-US summit, Tuesday, shadowed the markets as investors eyed easing tensions between the two world’s biggest economies. US President Joe Biden said that he had a “good meeting” with Chinese counterpart Xi Jinping, in which the two leaders discussed tariff and economic competition among other issues after …

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• 17 November 2021 2:35 am

  WTI Crude Recovers On Cushing Inventories

  

  The American Petroleum Institute (API) reported a small inventory build in crude oil that was just enough to keep the market from panicking because of declining inventories. This week, the API estimated the inventory for crude oil to be 655,000 barrels.U.S. crude inventories are now 60 million barrels below the …

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