Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 7 December 2021 3:35 pm

  Bitcoin Continues to Decline More Than 3%

  

  Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …

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• 7 December 2021 2:49 pm

  Gold Rises With The Decline of The Dollar

  

  Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite Gold prices rose Tuesday, December 7th, supported by the dollar’s decline, but rising US Treasury yields and fears that the US Federal Reserve would tighten monetary policy more than …

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• 7 December 2021 2:15 pm

  German Industrial Output Rises More Than Expected in October

  

  The federal statistics agency Destatis released preliminary data, on Monday, showing German consumer prices had hit a 29-year high in November, as soaring energy costs and supply chain bottlenecks weigh on Europe’s top economy. Data showed that German industrial output rose more than expected in October, even as supply bottlenecks …

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• 7 December 2021 1:49 pm

  Nikkei Makes Biggest Jump in a Month as Omicron Fears Eased

  

  Japan’s Nikkei index posted its biggest gain in more than a month on Tuesday, as concerns about the impact of the mutated Omicron strain of the coronavirus eased, encouraging investors to buy stocks such as SoftBank Group and travel-related shares. The Nikkei average rose 1.89% to 28,455.60 points, its biggest …

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• 7 December 2021 12:20 pm

  Oil Rises as Concerns Over Omicron Ease

  

  Oil prices rose on Tuesday after rising 5 percent in the previous session as concerns eased about the impact of the mutated Omicron strain of the Coronavirus on global fuel demand, while nuclear talks with Iran faltered, delaying the return of Iranian crude supplies to the market. Brent crude futures …

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• 7 December 2021 2:46 am

  Why Are Pfizer Shares Losing Today?

  

  Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …

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• 7 December 2021 2:34 am

  Two Potential Scenarios, Will Congress Fix US Debt Ceiling?

  

  The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …

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• 7 December 2021 2:13 am

  China To Boost Slowing Economy

  

  China recorded a steep economic slowdown in Q3 as its pandemic bounce fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. China’s central bank said it would reduce the amount of money banks are required to set aside, as a reserve, as it moved to …

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• 7 December 2021 2:01 am

  European shares bounce on hopes Omicron may be mild

  

  Travel stocks helped European shares mark a strong start to the week on Monday, after sharp losses late last week, boosted by hopes that the Omicron variant of the coronavirus would be mild.After third straight week in the red territory, the pan-European STOXX 600 (.STOXX) closed up 1.3%. The technology …

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• 7 December 2021 1:29 am

  IMF To Cut Eurozone Growth Forecast

  

  The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow.The Fund said in October that it expected the euro zone economy to grow by 4.3% in 2022. Now, the institution has warned about …

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• 7 December 2021 12:56 am

  US Equities Recovering During North American Session

  

  US shares have continued to recover in the second half of the US session, with the recovery now more broad-based with tech and growth stocks joining the party despite continued elevation in yields. The S&P 500 index is now up by nearly 1.5% and is eyeing a test of the …

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• 7 December 2021 12:45 am

  RBNZ’s Bascand Commenting On Inflation

  

  Reserve Bank of New Zealand Deputy Governor Geoff Bascand said on Monday that while longer-term inflation expectations in the country remain well anchored, short-term inflation expectations have increased. Key Comments:“The RBNZ will take considered steps for now.”“Predicts unemployment rate to drift up to about 4%.”“More confident that the labour market …

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• 7 December 2021 12:15 am

  Shadows of Asian Financial Crisis in South Korea

  

  South Korea is sending citizens another round of stimulus in response to the economic challenges created by the pandemic. Finance Minister Hong Nam-ki opposed this call and suggested a smaller assistance package. Prime Minister Kim Boo-kyum backed up this position by adding that the government could not afford another round …

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