Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 11 March 2021 4:43 pm

  IWH lowers Germany’s GDP forecast this year

  

  The German IWH Institute for Economic Research cut its 2021 growth forecast for Europe’s largest economy to 3.7% from the 4.4% it had forecast in December as the country faces the risk of a third wave of the Coronavirus pandemic. “For Germany in particular, there is a risk that the …

  Read More »
• 11 March 2021 4:02 pm

  Rolls Royce Says That The Worst is Over After Incurring Record Losses

  

  The CEO of British engine manufacturer Rolls Royce predicted that the worst is over in the Covid-19 crisis, after the company recorded a record basic loss of four billion pounds, equivalent to $5.6 billion, in 2020 after its customers stopped operating flights. The company said that the rate of capital …

  Read More »
• 11 March 2021 3:21 pm

  ECB Set to Leave Policy Unchanged: Forecast from 14 major banks

  

  The European Central Bank will announce its policy decision at 12:45 GMT, followed by the ECB President Christine Lagarde’s conference at 1330 GMT. here are the forecasts by the economists and researchers of 14 major banks. Danske Bank “We do not expect new policy decisions, but a reiteration of all …

  Read More »
• 11 March 2021 2:45 pm

  The Turkish Lira Rises For The Third Day in Light of an Imminent Decision on Interest

  

  The Turkish lira rose about 1%, to offset some of the recent losses it incurred for the third day in a row with growing expectations that the central bank will raise interest rates from 17% next week. The lira was steady at 7.44 against the US dollar, rising from Wednesday’s …

  Read More »
• 11 March 2021 1:57 pm

  High Oil Prices Thanks to Economic Outlook and a Decline in Inventories

  

  Oil prices rose Thursday, March 11th, as the distribution of vaccines to prevent Covid-19 boosted expectations for economic recovery, and US fuel stocks fell sharply, but a rise in crude stocks after a storm in Texas last month limited the gains. Brent crude futures for May delivery rose 20 cents, …

  Read More »
• 11 March 2021 12:49 pm

  The US House of Representatives Passes the $1.9 trillion Corona Relief Bill And Sends it to Biden For Signature

  

  Democratic House of Representatives passed a $1.9 trillion coronavirus relief bill Wednesday, sending one of the largest stimulus plans in US history to President Joe Biden’s office for signature. The president hopes to sign the bill on Friday after Congress formally sends it to the White House, which could take …

  Read More »
• 11 March 2021 12:40 pm

  Gold Reaches Its Highest Level in a Week as Yields And US Dollar Decline

  

  Gold prices rose Thursday, March 11th, to their highest in more than a week, after weaker inflation data in the United States halted the advance of Treasury and dollar yields. And gold profit in spot transactions 0.4% to 1733.46 dollars per ounce, after reaching its highest level since the third …

  Read More »
• 11 March 2021 12:20 pm

  Japan Shares Closed Higher on Rise of Business Cycle Companies

  

  Japanese shares closed higher on Thursday, March 11th, as investors snapped up shares related to the economic cycle that fell earlier, but the gains were capped by investors who lowered their positions in some heavyweight stocks. The Nikkei index rose 0.6% to 29,211.64 points, while the broader Topix index rose …

  Read More »
• 11 March 2021 2:55 am

  NYSE Indices Mixed at Wednesday’s Close

  

  The New York Stock Exchange (NYSE) closed Wednesday’s trading session on a mixed note, as inflation data helped ease reflation fears and pushed Treasury bond yields further down. The Dow Jones Industrial Average gained 464.28 points, or 1.46%, and finished at 32,297.02 points. The S&P 500 index closed at 3,898.81 …

  Read More »
• 11 March 2021 1:03 am

  Oil Settles Higher Following Fluctuations

  

  Oil prices rose on Wednesday, after fluctuating throughout the session as data showed another large increase in crude inventories in the United States, alongside huge drops in gasoline and distillate stockpiles. Brent crude futures for May delivery finished higher by 38 cents, or 0.6%, at $67.90 per barrel. Meanwhile, the …

  Read More »
• 11 March 2021 12:49 am

  U.S. Budget Deficit Hits All-Time High in February

  

  The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

  Read More »
• 11 March 2021 12:05 am

  Gold Settles Higher After Inflation Data

  

  Gold prices recovered from earlier losses and reached their highest level in a week on Wednesday, supported by the second consecutive session of U.S. Treasury bond yields pulling back from their recent highs, especially as recent inflation data reduced reflation fears and increased investors’ demand for long-term debt instruments. Spot …

  Read More »
• 10 March 2021 9:44 pm

  European Stocks Maintain Gains for Third Day in Row

  

  European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …

  Read More »