Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 2 April 2021 1:39 pm

  Bloomberg – Russian Oil Production Rises in March

  

  Russia’s output of crude and condensate rose to 43.34 million tons in March, thanks to the more generous OPEC and its allies (OPEC+) quota, Bloomberg reports, citing preliminary data from the Energy Ministry’s CDU-TEK unit.

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• 2 April 2021 12:59 pm

  Pfizer&BionTech: Our Vaccine is 91% Effective And Provides Protection Against The South African Strain

  

  Pfizer and BionTech said their COVID-19 vaccine is 91% effective in preventing the disease, according to new trial data that included participants who were vaccinated up to six months ago. The vaccine was 100% effective in preventing the disease among the participants in the trial in South Africa, where a …

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• 2 April 2021 12:30 pm

  The Rise in The Turkish Lira After The Central Bank Pledged to Tighten Monetary Policy

  

  The Turkish lira rose more than 1% against the dollar on Friday, supported by a drop in US bond yields, a day after the new central bank governor pledged that tight monetary policy would remain as it was. The pound rose to 7.9890 against the dollar, from 8.1 at the …

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• 2 April 2021 11:31 am

  Japan’s Nikkei Hits a Two-Week High on Hopes of a Recovery in Corporate Earnings

  

  Japanese shares closed higher on Friday, while the Nikkei index reached a two-week high, on hopes of recovering corporate earnings and gains in semiconductor stocks as companies appear to be ramping up production to address a global chip shortage. The Nikkei rose 1.58% to close at 29,854 points. The broader …

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• 2 April 2021 11:00 am

  Russia’s Oil Production Rose in March, Following a drop in February

  

  Russia’s production of oil and gas condensate rose to 10.25 million barrels per day in March from 10.1 million barrels per day in February, according to Reuters calculations based on a report by the Interfax news agency based on data from the Energy Ministry on Friday. The recovery of Russian …

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• 2 April 2021 10:36 am

  Oil Prices jump by 3% Despite OPEC+ Decision to Gradually Increase Production

  

  Oil prices jumped more than 3% Thursday after OPEC+ reached an agreement to gradually ease production restrictions from May. Brent crude rose $ 1.94, or 3.1 percent, to $ 64.68 a barrel. U.S. crude rose $ 2.10, or 3.6 percent, to $ 61.26 a barrel. OPEC +, which includes the …

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• 2 April 2021 1:20 am

  OPEC+ Agree on Gradually Easing Output Cuts

  

  The OPEC+ alliance, consisting of the Organization of the Petroleum Exporting Countries (OPEC) and other major crude oil producers, has decided to ease output curbs by gradually increase production over the course of the upcoming three months. According to media reports, the move comes as the United States has called …

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• 2 April 2021 1:00 am

  Wall Street Finish Higher on Positive Economic Data

  

  The New York Stock Exchange (NYSE) closed higher on Thursday, supported by a positive sentiment and economic data that showed a healthy performance by the manufacturing sector. Accordingly, the S&P 500 index closed at a new all-time high, despite a rise in jobless claims in the U.S. The Dow Jones …

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• 1 April 2021 11:59 pm

  Oil Scores Large Gains Following OPEC+ Decision

  

  Oil prices rose on Thursday after the OPEC+ alliance opted not gradually ease output cuts, which means that no sudden disruptions will hit the market. Recently, there have been concerns about the recovery of the global demand for oil, however, with the recent OPEC decision the gradual increase come in …

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• 1 April 2021 11:00 pm

  Gold Futures Rise but Finish Q1 Down 10%

  

  Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States. The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce. During the …

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• 1 April 2021 10:00 pm

  U.S. Oil Rigs Rise by 13 in Week

  

  Active rigs drilling for crude oil in the United States increased by 13 to a total of 337 this week, data by Baker Hughes showed on Thursday. The total number of rigs drilling for both crude oil and natural gas increased by 13 to 430, as the number of natural …

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• 1 April 2021 9:38 pm

  European Stocks Close Higher Following Positive PMI Reading

  

  European stocks finished higher on Thursday, supported by an improved investors’ sentiment following the release of positive economic data. The STOXX Europe 600 index finished higher by 0.67% at 432.49 points, on the back of a 2% rise by the technology sector. Earlier today, data showed that the manufacturing activity …

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• 1 April 2021 9:32 pm

  USD Declines Following Rise in Unemployment Claims

  

  The U.S. Dollar (USD) declines across the board on Thursday, after data showed a rise in jobless claims in the United States, prompting concerns about the pace of economic recovery from the impacts of the Coronavirus pandemic. The Dollar Index (DXY), which measures the greenback’s performance against a basket of …

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