Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2021

• 13 August 2021 9:43 pm

  U.S. Oil Rigs Register Biggest Increase in 4.5 Months

  

  The number of active rigs drilling for crude oil in the United States rose by 10 to 397 this week, data by Baker Hughes showed on Friday. This marked the largest increase for U.S. oil rigs since the beginning of April. The total rig count rose by nine to reach …

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• 13 August 2021 7:53 pm

  U.S. Consumer Sentiment Drops Sharply – UoM

  

  Consumer sentiment in the United States declined this month, registering its biggest drop since the beginning of the coronavirus pandemic. More people in the U.S. are concerned about the rising inflation and the slow pace of the labor market recovery. The University of Michigan consumer sentiment index dropped to a …

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• 13 August 2021 4:22 pm

  Gold Rises on Concern About The Virus, But is Heading Towards a Weekly Decline

  

  Gold prices rose on Friday, August 13, supported by concerns about an increase in infections with the Coronavirus, but the strength of the dollar kept the yellow metal on the path of recording the second consecutive weekly decline. Spot gold rose 0.2% to $1,756.61 an ounce. And gold is down …

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• 13 August 2021 3:34 pm

  The Dollar is Heading For a Second Weekly Gain, Thanks to Expectations That The Fed Will Cut Its Asset Purchases

  The US dollar rose on Friday, August 13th, and is on track for a second consecutive week of gains against its major rivals, as investors assess the possibility of the Federal Reserve announcing its plans to cut stimulus in the coming weeks. Data on Thursday showed that US producer prices …

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• 13 August 2021 2:51 pm

  Eurostat: Eurozone Trade Surplus Rises in June

  

  Data published by the European Union statistics office Eurostat on Friday, August 13th showed that the eurozone recorded a significant rise in its trade surplus with the rest of the world in June compared to May, as exports grew faster than imports during the month. Eurostat said the 19-nation eurozone …

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• 13 August 2021 1:50 pm

  European Shares Set For Fourth Week of Gains

  

  European shares hit new highs on Friday, August 13th, and are on track to achieve gains for the fourth consecutive week, thanks to optimism about a strong corporate earnings season and a steady recovery from the economic downturn caused by the pandemic. The pan-European Stoxx 600 index rose 0.1%, to …

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• 13 August 2021 1:05 pm

  Nikkei Closes Lower Under Pressure From Chip Stocks

  

  The Japanese Nikkei index closed lower Friday, August 13, led by the decline in chip-related shares that tracked their US counterparts, but heavyweight Recruit Holdings held back losses thanks to its rise. The Nikkei fell 0.14% to close at 27977.15 points, while the broader Topix index gained 0.15% to 1956.39 …

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• 13 August 2021 12:36 pm

  FDA Authorizes Additional Vaccine Dose For Certain Immunocompromised Individuals

  

  Today, the U.S. Food and Drug Administration amended the emergency use authorizations for both the Pfizer-BioNTech and Moderna COVID-19 Vaccine to allow for the use of an additional dose in certain immunocompromised individuals, specifically, solid organ transplant recipients or those who are diagnosed with conditions that are considered to have …

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• 13 August 2021 4:43 am

  Oil Prices Ease Despite OPEC’s Positive Expectations

  

  Oil prices closed lower on Thursday after OPEC maintained expectations for demand growth this year. Brent crude futures for October delivery lost 13 cents, or 0.18%, to close at $71.31 per barrel, snapping a two-day rising streak, while the West Texas Intermediate (WTI) futures decreased by 16 cents, or 0.23%, …

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• 13 August 2021 4:27 am

  NYSE Finishes Higher with New Record Highs

  

  The New York Stock Exchange (NYSE) finished higher on Thursday, with the Dow Jones and S&P 500 indices logging new record highs for the third consecutive sessions for the first time since mid-March. The Dow Jones Industrial Average added 14.88 points, or 0.04%, to close at an all-time high of …

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• 13 August 2021 4:03 am

  Gold Finishes Lower as USD Rises Across the Board

  

  Gold prices closed lower on Thursday, as the U.S. Dollar (USD) edged higher after data showed another decline in jobless claims and an increase in producer prices. Gold front-month futures declined by $1.40, or 0.08%, to finish at $1,749.00 per ounce, snapping a two-session rising streak.

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• 13 August 2021 2:38 am

  Adidas to Sell Reebok in $2.5 B Deal

  

  Adidas is selling Reebok to Authentic Brands Group in a deal worth about EUR 2.1 billion ($2.5 billion). The largest sportswear manufacturer in Europe reportedly wants to focus on its main business and core brand The German multinational company acquired Reebok in 2006 in a $3.8 billion deal that failed …

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• 13 August 2021 2:03 am

  Mexico Raises Main Interest Rate to 4.5%

  

  The Bank of Mexico announced on Thursday that it has decided to raise its key interest rate by 25 basis points to 4.5%. The move, which only three of the five board members voted in favor, aims at combating increasing inflationary pressures. Two other board members voted to maintain interest …

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