Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 3 June 2021 7:35 pm

  Data Shows Strong Growth in U.S. Services Sector

  

  The U.S. services sector’s economic activity expanded in May, maintaining growth for the 12th month in a row, data showed on Thursday. The Institute for Supply Management(ISM) Services Purchasing Managers Index (PMI) reached a new all-time record high in May, registering 64%, after rising by 1.3% compared with its level …

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• 3 June 2021 5:53 pm

  The Fed Will Start Winding Down a Program That Saved The US Economy

  

  The Federal Reserve said on Wednesday it will begin reducing its holdings of corporate bonds it bought last year through an emergency lending program it launched to calm credit markets at the peak of the COVID-19 pandemic. The US Central Bank indicated that the sale of its holdings of corporate …

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• 3 June 2021 5:38 pm

  US: Weekly Initial Jobless Claims Decline to 385K

  

  There were 385,000 initial claims for unemployment benefits in the US during the week ending May 29, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in better than the market expectation of 395,000 and followed the previous print of 405,000 (revised from …

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• 3 June 2021 5:09 pm

  US: Challenger Job Cuts Rise to 24,586 in May

  

  Planned job cuts in the US-based employers rose to 24,586 in May from 22,913 in April, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

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• 3 June 2021 4:35 pm

  The Dollar Rises Before The Release of US Data

  

  The dollar rose today as traders awaited a batch of US economic data that may determine the direction at the central bank meetings later this month. Investors are betting that the dollar will fall as the world recovers from the Covid-19 pandemic, but they have recently become concerned about whether …

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• 3 June 2021 4:32 pm

  US Private Sector Employment Rises by 978K in May

  

  Employment in the US’ private sector increased by 978,000 in May, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Thursday. This reading followed April’s print of 654,000 (revised from 742,000) and came in better than the market expectation of 650,000.

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• 3 June 2021 3:14 pm

  Britain: Talks With AstraZeneca About The Vaccine to Combat Beta COVID-19 Variant

  

  British Health Minister Matt Hancock said Wednesday, June 2 that his country is in talks with Oxford and AstraZeneca to obtain additional doses of their vaccine against the Corona virus, which has been modified to better target the (beta) strain of the emerging corona virus that first appeared in South …

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• 3 June 2021 1:50 pm

  Sinopharm : We Can Provide More Than One Billion Doses of The Coronavirus Vaccine to The World

  

  The head of China National Pharmaceutical Group Sinopharm said Wednesday, June 2, that the company is able to provide more than one billion doses of the protective vaccine against the Coronavirus to the rest of the world during the second half of this year. This level of supply capacity indicates …

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• 3 June 2021 12:59 pm

  European Stocks Are Falling After Reaching Unprecedented High Levels

  

  European shares fell today after hitting unprecedented high levels earlier in the week, as investors’ eyes are turning to US and European economic data to derive indications about the direction of monetary policy in the future. The pan-European Stoxx 600 index fell 0.1%, in line with the cautious moves of …

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• 3 June 2021 12:32 pm

  Japan Shares Close Higher as Vaccinations Boost Hopes

  

  Japanese shares closed higher on Thursday, as the broad Topix index hit its highest level in more than six weeks as the country’s vaccination campaign increased activity, raising hopes that the economy will recover from pandemic-related restrictions. The Nikkei index rose 0.39% to 29,058.11 points, while the broader Topix index …

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• 3 June 2021 4:04 am

  What to Expect from Friday’s U.S. Employment Data?

  

  Markets await the release of a bundle of jobs and employment reports in the United States, which are set to show more indicators about the progress of economic recovery from the coronavirus pandemic. May’s employment data will come following April’s disappointing nonfarm payrolls reading. A recent reading of the ISM …

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• 3 June 2021 1:51 am

  Dogecoin Surges as Coinbase Debuts its Units

  

  Dogecoin surged on Wednesday after media reports indicated that Coinbase will allow, through its own platform, trading the meme-based cryptocurrency units. Coinbase reportedly announced yesterday that accepting inbound transfers of Dogecoin Coinbase Pro, according to Reuters. Dogecoin surged by more than 30% to exceed $0.41. The world’s sixth largest cryptocurrency, in …

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• 3 June 2021 1:35 am

  Wall Street Closes Higher Following Release of Fed’s Beige Book

  

  The main indices of the New York Stock Exchange (NYSE) finished higher on Wednesday, supported by positive expectations for economic recovery that led to an improved risk appetite and sentiment among Wall Street investors. Earlier today, the U.S. Federal Reserve’s Beige Book report showed that the economy expanded better than …

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