Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 1 September 2021 3:59 pm

  Reuters: Expectations That OPEC+ Will Stick to Its Policy Despite The High Demand For Oil

  

  Four sources told Reuters that OPEC and its allies will likely stick to their current policy of gradually increasing oil production, despite an upwardly revised demand forecast in 2022 and in the face of US pressure to raise production at a faster pace. The Organization of the Petroleum Exporting Countries …

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• 1 September 2021 3:00 pm

  IHS Markit Index: Eurozone Manufacturing Growth Hit by Supply Shortages

  

  A survey revealed that the growth of the manufacturing sector in the euro area remained strong in August, but supply chain problems related to the Covid-19 pandemic continued to impede the supply of raw materials needed by factories, which led to higher prices. The easing of restrictions imposed to curb …

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• 1 September 2021 2:30 pm

  Turkey’s Economy Grows 21.7% in Q2

  

  The Turkish economy grew by 21.7% on an annual basis as expected in Q2, recovering strongly from a sharp slowdown a year ago driven by COVID-19 restrictions. Data from the Turkish Statistical Institute showed that the economy grew 0.9% from the previous quarter on an adjusted basis in light of …

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• 1 September 2021 1:56 pm

  German Retail Sales Plunge in July

  

  Data on Wednesday showed that German retail sales fell much more than expected in July after two months of increases, in the first indication that a consumer-led recovery in Europe’s largest economy could lose some momentum in the third quarter. The Federal Statistics Office said retail sales fell 5.1% month-on-month …

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• 1 September 2021 1:25 pm

  Nikkei Rises Sharply on Hopes That Political Fears Will Abate

  

  Japanese shares jumped on Wednesday, with the Nikkei index hitting a one-and-a-half month high, as investors bet that a maneuver by Prime Minister Yoshihide Suga could help restore political stability. The Nikkei gained 1.29% to 28,451.02 points, the highest closing level since July 14, after it crossed important resistance levels …

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• 1 September 2021 12:52 pm

  European Shares Start September With Gains

  

  European shares rose on Wednesday as hopes for more stimulus battled fresh signs of weakness in Asian economies, while investors shook off concerns about rising inflation. After seven consecutive months of gains, the pan-European STOXX 600 index started September with a gain of 0.7%, close to its record highs set …

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• 1 September 2021 4:04 am

  Canada’s Economic Drop Could Impact Elections

  

  The Canadian economy’s performance during the second quarter of the year came against most market expectations, showing a contraction amid a drop in home sales and exporting activity. A decline in the number of coronavirus cases and lifting the lockdown and preventive measures was not enough for a strong rebound …

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• 1 September 2021 3:15 am

  Wall Street Marginally Lower but Higher for Month

  

  The main indices of Wall Street closed marginally lower on Tuesday with anticipation for major economic data, but finished higher for the month The Dow Jones Industrial Average lost 39.11 or 0.11% to close August at 35,360.73, higher by 1.2%. The S&P 500 decreased by 6.11, or 0.13%, to end …

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• 1 September 2021 3:01 am

  Oil Sees Worst Losses in 10 Months

  

  Oil prices declined on Tuesday, amid increases selling pressures, to end the month with the worst losses since last October. Brent futures for October delivery finished lower by 42 cents or 0.57% at $72.99 per barrel. For the month, Brent futures lost $3.34 per barrel or 4.38% in its worst …

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• 1 September 2021 2:31 am

  SNB Vice Chair Expects Low Rates Will Continue

  

  The Vice Chairman of the Swiss National Bank (SNB), Fritz Zurbruegg, said on Tuesday that he expects global interest rates will remain low, Reuters reported. “It is to be expected that the global low interest rate environment will remain unchanged for some time to come.” “Such policy continues to be …

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• 1 September 2021 1:45 am

  UN Expects Better Growth in Latin America This Year

  

  The United Nations has revised its expectations for economic growth in Latin America in 2021, according to the latest data by the Economic Commission for Latin America and the Caribbean (ECLAC). The region is now expected to register a growth rate of 5.9%, amid recovery from the Coronavirus crisis, with …

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• 1 September 2021 1:04 am

  Silver Down for Third Month

  

  Silver futures closed nearly unchanged on Tuesday, finishing their third consecutive month in losses and the biggest drop since June. Silver futures lost 6.14% in August, as it closed at $23.960 per ounce. Over the last three months, silver declined by about 14.41%, in the worst losing streak since November …

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• 1 September 2021 12:26 am

  Gold Scores Second Consecutive Monthly Rise

  

  Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …

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