Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 20 October 2021 1:29 pm

  Oil Prices Fall as China’s Efforts to Contain The Coal Crisis

  

  Oil prices fell on Wednesday (October 20th) after the Chinese government intensified its efforts to curb the record rise in coal prices and operate coal mines at full capacity to ease the energy shortage crisis. Prices of Chinese coal and other commodities fell in early trading, which in turn led …

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• 20 October 2021 1:08 pm

  Japan Shares Give up Most of The Gains as US Bond Yields Rise

  

  Japanese stocks rose on Wednesday, October 20, buoyed by a strong close on Wall Street, but gave up most of the gains as investors grew cautious about weak US futures contracts and higher yields on Treasuries. The Nikkei index increased by 0.14% to close at 29,255.55 points, after rising by …

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• 20 October 2021 12:37 pm

  Market Drivers – Asian Session 20-10-2021

  

  Markets were quiet during the Asian session on Wednesday. Asian stocks rose after positive signs from overnight gains on Wall Street as traders cheered higher US corporate earnings. Japanese stocks rose on Wednesday, buoyed by a strong close on Wall Street, but gave up most of the gains as investors …

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• 20 October 2021 3:58 am

  Market Drivers – U. S. Session 19-10-2021

  

  U. S. stocks continue to rise despite the below-expected economic data concerning the housing sector, one of the most important economic sectors in the United States. Stocks’ surge is mainly due to the positive earnings reports posted by several companies including Netflix as the latest announced earnings posted on Tuesday. …

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• 20 October 2021 3:20 am

  Q3 Earnings surge, signaling significant market improvement

  

  Earnings of major banks and companies have tended to decide both the market status and sentiment since mid-October, as dozens of companies either already reported of will report their financial statements next week and through early November.NetflixIn a solid beat, Netflix shares were on the uptrend after the bell on …

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• 20 October 2021 1:07 am

  Were semiconductor stocks earnings impacted by supply complications?

  

  Semiconductor stocks have been rallying most of this year and hit new hikes. The pandemic has bolstered demand for chips by leaps and bounds, leading to the worst global shortage in many years.iShares Semiconductor and Vectors Semiconductor have benefited from the crisis and reaped gains of about 4% over the …

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• 19 October 2021 11:42 pm

  Treasury yields struck highest level since June

  

  U.S. Treasury yields jumped on Tuesday. Today’s session has pushed the 10 year Treasury note back to its highest level since June.The 10-year U.S. Treasury yield rose, surpassing the 1.6% level. The yield on the benchmark note added 5.7 basis points at 1.641% level. Yields on 30-year Treasury bonds also …

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• 19 October 2021 11:05 pm

  Research Paper: Biden’s stimulus plan fuels inflation

  

  U. S. President Joe Biden’s $1.9 trillion American Rescue Plan contributes to high inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid …

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• 19 October 2021 9:58 pm

  Fed official: Inflation lasting longer than expected

  

  Federal Reserve Governor Michelle Bowman said on Tuesday that the US may see inflation lasting longer than expected a few months ago.Bowman did not comment on her outlook for monetary policy in remarks prepared for a virtual event hosted by the Richmond Fed.However, she noted the obstacles making it difficult …

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• 19 October 2021 9:40 pm

  Wall Street surges as earnings stir risk appetite

  

  U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …

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• 19 October 2021 9:23 pm

  Crude oil higher after data driven pressure

  

  Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.Following a mixed session Monday triggered …

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• 19 October 2021 8:05 pm

  NYSE: First Bitcoin Futures ETF rises 2%

  

  Shares of the first U.S. bitcoin-linked fund rose slightly on their first trading appearance on Tuesday.The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ jumped 3% when trading began and last traded 2.3% higher at $40.94. The fund tracks CME bitcoin long awaited futures, or contracts speculating on the future price of …

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• 19 October 2021 7:27 pm

  Lane: Markets haven’t fully absorbed forward guidance

  

  ECB chief economist Philip Lane said on Tuesday that it is challenging to reconcile the market rate pricing with forward guidance.According to Lane, market expectations for future interest rates do not square with the European Central Bank’s guidance for no hike until inflation is seen stably at 2%.“When you look …

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