Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 23 September 2021 6:58 pm

  Bank of England: Inflation is poised to top 4%

  

  The Bank of England said the chance for higher interest rates appeared to have strengthened on Thursday after it pushed up its forecast for inflation at the end of the year to over 4%, more than twice its target rate.Policymakers at the Bank of England unanimously voted to leave its …

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• 23 September 2021 5:26 pm

  Canada: Retail Sales Decline by 0.6% in July

  

  Retail Sales in Canada contracted by 0.6% on a monthly basis in July, the data published by Statistics Canada showed on Thursday. This reading followed June’s increase of 4.2% and came in slightly better than the market expectation for a decrease of 1.2%. Excluding cars, Retail Sales in Canada declined …

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• 23 September 2021 5:00 pm

  US: Weekly Initial Jobless Claims Rise to 351K

  

  There were 351,000 initial claims for unemployment benefits in the US during the week ending September 18, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 335,000 (revised from 332,000) and came in worse than the market expectation of …

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• 23 September 2021 4:37 pm

  Eurozone Business Growth Slows in September

  

  Thursday’s survey showed that business in the eurozone grew at the slowest pace in five months in September, as measures imposed to combat the spread of the Delta strain of the Coronavirus hit demand, while restrictions on supply chains raised the cost of production to more than a two-decade high. …

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• 23 September 2021 4:20 pm

  Gold Stabilizes in Light of The US Dollar’s Decline to its Lowest Level in a Month

  

  Gold prices stabilized Thursday, September 23, after the dollar gave up some of its gains due to hints from the Federal Reserve of a faster-than-expected interest rate hike, but positive news from China’s Evergrande limited the demand for possession of the yellow metal, which is considered a safe haven. Spot …

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• 23 September 2021 3:06 pm

  Bank of England Leaves Policy Unchanged

  

  The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% and kept the Asset Purchase Facility steady at £895 billion at the end of September policy meeting, as was widely expected.

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• 23 September 2021 3:04 pm

  The US Dollar is Falling From Its Highest Level in a Month

  The US dollar retreated Thursday, September 23rd from its highest level in a month, which is reached after the US Federal Reserve paved the way for raising interest rates next year, and improving sentiment in global markets encouraged dealers to sell the dollar. The Fed also signaled a tendency to …

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• 23 September 2021 1:20 pm

  European Shares Rise For The Third Day

  

  European shares rose for the third day in a row as global sentiment improved after concerns over the financially crippled Chinese real estate developer Evergrande eased, while investors awaited the latest batch of market surveys. The pan-European Stoxx 600 index rose 0.6 percent, on track to post strong gains at …

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• 23 September 2021 12:30 pm

  Evergrande Stock Jumps More Than 20% After Days of Losses

  

  After a series of sharp losses suffered by the shares of the debt-laden Chinese real estate developer “China Evergrande” during the past few days, the stock was able to rise more than 8% in today’s trading session, Thursday, September 23, but the company’s share is still down more than 80% …

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• 23 September 2021 5:32 am

  Bank Of England: Hawkish Hints Unlikely

  

  The Bank of England will hold a monetary policy meeting and will announce its decision on Thursday, September 23rd; markets are widely expecting the central bank to keep the key rate unchanged at 0.1%. The Bank of England expanded its Asset Purchase Facility to £875 billion between March and November …

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• 23 September 2021 2:47 am

  Eurozone consumer confidence rises beyond expectations

  

  The Eurozone’s consumer confidence index has risen in September as the spread of the Delta variant was managed and controlled as continent wide lockdown restrictions were eased.The European Commission said Wednesday that its measure of consumer confidence in the single-currency area rose to -4 (flash) from -5.3 in August. This …

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• 23 September 2021 2:31 am

  Stock benchmarks gain around 1.0% each as Powell flagged taper

  

  U. S. shares have ended the key trading sessions surprisingly on a positive side, despite the Federal Reserve’s hint for tapering. The market’s reaction to the Federal Reserve’s announcements was originally expected to represent a low and favored securities, which kept the gains even as Chairman Jerome Powell supported the …

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• 23 September 2021 1:44 am

  Most important outcomes of Powell’s statements

  

  Federal Reserve Chair Jerome Powell indicated that job gains have been very strong since January, but in August employment data slowed down markedly, particularly in leisure and hospitality sectors.Powell seemed optimistic about “Virus fears weighing on employment growth”, and expected that such concerns “should diminish over time”.Powell’s statements were as …

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