Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 27 September 2021 10:41 pm

  Chinese and American challenges could put global economy at risk

  

  U.S. and global economies are in good shape after bouncing back from the downturn caused by the pandemic. Growth may not be quite as explosive as previously expected. The Organization for Economic Cooperation and Development lowered its projection for global economic growth in 2022 from 5.7 percent to 4.5 percent …

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• 27 September 2021 10:15 pm

  BoE’s Andrew Bailey assessing forces impacting monetary policy (Full text)

  

  I am going to speak this evening about the state of the economy and about monetary policy as the recovery from Covid unfolds. The title of this speech, The Hard Yards, is I think a saying that originated in sailing, though I associate it more with forward play in rugby. …

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• 27 September 2021 10:07 pm

  BoE: Unwinding of stimulus should be enacted by increase in bank rate

  

  Bank of England’s Governor Andrew Bailey said some MPC members put more emphasis on the continuing shortfall in the level of GDP relative to pre-Covid whereas others emphasized the continuing direction of travel towards closing that gap and the evidence of cost pressures accompanying the closing.“All of this group were …

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• 27 September 2021 9:22 pm

  U.S. Dollar rises over higher Treasury yields

  

  The U.S. dollar has gained for a second straight session on Monday, bolstered by the rise in Treasury yields. The U. S. dollar’s latest move is ahead of announcements by Federal Reserve speakers this week, which could support expectations of the start of asset purchase tapering before the end of …

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• 27 September 2021 8:28 pm

  Dallas Fed Manufacturing Index drops to 4.6

  

  US Dallas Fed Manufacturing Business Index decreases to 4.6 in September from 9.The general business activity index remained in positive ground in September at 4.6 below the reading of 9 of the previous month.The report said that Texas factory activity continued to increase in September, according to business executives responding …

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• 27 September 2021 8:20 pm

  U.S. core capital goods orders rose steadily in August

  

  New orders for key U.S.-made capital goods steadily increased in August. Business related spending is thus kept on track for another quarter of strong growth.“Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.5% last month. These so-called core capital goods orders gained …

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• 27 September 2021 8:08 pm

  World shares rise over sharp gains in energy stocks

  

  World shares rose on Monday, led by sharp gains in energy shares. Traders seized the opportunity of crude oil prices soaring to three-year highs of almost USD 80 per barrel.European stocks firmed after Germany’s election results have indicated potential chances of forming left-wing coalition. German shares jumped 1.1 per cent, …

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• 27 September 2021 7:49 pm

  Will power crunch be next economic shock after Evergrande?

  

  Chinese factories across the country are ordered either to curb their activity or, in some instances, shut altogether, as Beijing’s green goals coincide with surging energy prices. The first targets include giant manufacturers across important industries such as aluminum smelters to textiles producers and soybean processing plants. China may be …

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• 27 September 2021 7:35 pm

  German business leaders react to Eurozone beyond Merkelism

  

  People in Germany awoke Monday to the news of a narrow victory pulled by the Social Democratic party over the incumbent conservative bloc of CDU/CSU.Reactions from the world of finance and economy poured in, despite the fact that the final makeup of Germany’s next coalition government is still some months away.Several …

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• 27 September 2021 7:06 pm

  Government bond yields rise amid reaction to hawkish signals

  

  A global bond downturn pushed US Treasury yields to their highest level in three months on Monday, as investors’ reaction to the prospect of tighter monetary policy by dumping US and UK government debt. The yield on the 10-year US Treasury note added 0.05 percentage points to trade above 1.5 …

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• 27 September 2021 5:38 pm

  US: Durable Goods Orders Rose 1.8% in August

  

  According to the data published by the US Census Bureau revealed this Monday, Durable Goods Orders in the United States increased by 0.7% in August. This reading was well above market expectations pointing to a 0.5% growth and also marked a notable rebound from the previous month’s reading of -0.1%. …

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• 27 September 2021 4:14 pm

  US Bond Yields and The Rise of USD Curb Gold

  

  Gold prices fell on Monday, September 27, due to the rise in US bond yields and the rise of the dollar, while investors awaited statements by policymakers at the US Federal Reserve in search of indications of when to reduce the fiscal stimulus measures taken to mitigate the consequences of …

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• 27 September 2021 2:19 pm

  Brent Near $80 Amid Supply Concerns

  

  Oil prices rose on Monday for the fifth day in a row, and Brent reached its highest level since October 2018 and is heading towards $ 80 a barrel, amid concerns about supply at a time when demand is increasing in some regions of the world with the easing of …

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