Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 19 May 2021 3:42 pm

  Eurozone Inflation Rose 0.6% in April

  

  European Union statistics office Eurostat said inflation in the eurozone accelerated in April due to a sharp increase in energy and service costs. Eurostat said that consumer prices in 19 countries that deal in the euro rose 0.6% on a monthly basis, and recorded an annual increase of 1.6%, up …

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• 19 May 2021 2:39 pm

  US Bond Yields Rise to a New High

  

  The 10-year Treasury yield exceeded 1.66% on Wednesday morning. This took place later that day, prior to the release of minutes from the Federal Reserve Board’s last policy meeting. Benchmark yield 10-year government bond It rose to 1.666% EST at 4 am. Yield 30-year government bond It rose to 2.385%. …

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• 19 May 2021 2:07 pm

  The Lira is Approaching The Bottom of 2021, The Swing Journey is Not Over Yet

  

  The Turkish lira fell on Friday, May 28, to its lowest level ever, influenced by fears of rising inflation worldwide and expectations at the local level that the central bank will cut interest rates soon, along with the emergence of concerns about a possible early elections. The currency, the worst …

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• 19 May 2021 1:11 pm

  European Stocks Decline as Inflation Concerns Mount

  

  European stocks fell on Wednesday, May 19, tracking the fall in Wall Street as investors grew concerned about mounting inflationary pressures, which increases the chances of an early tightening of monetary policy. The European Stoxx600 index fell 1.1%, to trade below its all-time high of less than 2%. Eurozone stocks …

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• 19 May 2021 12:39 pm

  Gold Heading Again to a 4-Month High Ahead of The US Federal Reserve Meeting Minutes

  

  Gold prices rose on Wednesday, May 19, hovering near their highest levels in four months, supported by the dollar’s decline, ahead of the release of the minutes of the latest US Federal Reserve policy meeting, which is expected to shed more light on policymakers ’views on inflation. Spot Prices rose …

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• 19 May 2021 12:37 pm

  Japan Shares Closed Lower as Sentiment Weighed by the Pandemic Restrictions

  

  Japanese stocks closed lower on Wednesday, tracking down on Wall Street last night, while stocks of companies linked to the economic cycle fell, as investor sentiment was affected by fears stemming from the country’s economic downturn as a result of the pandemic. The Nikkei index fell 1.28% to close at …

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• 19 May 2021 11:30 am

  UK annualized CPI Beats Estimates With 1.5% in April,

  

  The UK Consumer Prices Index (CPI) 12-month rate came in at +1.5% in April when compared to +0.7% booked in March while beating expectations of a +1.4% record, the UK Office for National Statistics (ONS) reported on Wednesday.

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• 19 May 2021 11:10 am

  Bitcoin Drops Below $40,000

  

  Bitcoin continued to fall in a continuous wave of volatility for a week, retreating below the $40,000 barrier, as news of further restrictions on cryptocurrency transactions in China exacerbated previous concerns raised by tweets from Tesla President Elon Musk. Bitcoin fell, about 8%, to up to $ 38,700, to be …

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• 19 May 2021 10:37 am

  Oil Prices Falling on High Rate of Covid-19 Cases in Asia And Inflation Concerns

  

  Oil prices fell for the second consecutive session on Wednesday, May 19, due to renewed demand concerns with the rise in cases of Coronavirus in Asia and fears of high inflation, which may push the US Federal Reserve to raise interest rates, which may limit economic growth. Brent crude futures …

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• 19 May 2021 10:35 am

  UK Inflation Rose to 1.5% in April From 0.7% in March

  

  Official data showed on Wednesday that consumer price inflation in Britain rose to 1.5% in April from 0.7% in March. Economists had expected, in a Reuters poll, an increase in inflation to 1.4%.

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• 19 May 2021 9:18 am

  European Stocks Close with Huge Losses

  

  European stock markets declined on Wednesday, amid continuous concerns about the rising inflation rates and uncertainty surrounding the future of monetary policies and interest rates. The pan-European STOXX 600 index plunged by 1.5%, as the basic resources stocks led the decline and dropped by 4.1%. The French CAC40 index declined …

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• 19 May 2021 4:44 am

  Markets Await Signals for Policy Direction in Fed’s Meeting Minutes

  

  Markets are anticipating the release of the United States Federal Reserve’s minutes of its April meeting, due to be released on Wednesday. The meeting minutes are expect to publicly show some signs that there was a discussion among the monetary policy maker on whether the central bank should raise interest …

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• 19 May 2021 1:50 am

  Wall Street Closes Lower as Inflation Fears Persist

  

  The New York Stock Exchange (NYSE) finished lower on Tuesday, as Wall Street continues to be impacted by investors’ concerns about the high inflation rates. The decline came despite the positive earnings reports by some blue-chip stocks, including Home Depot and Walmart. The Dow Jones Industrial Average lost 267.13 points, …

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