Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 19 October 2021 9:58 pm

  Fed official: Inflation lasting longer than expected

  

  Federal Reserve Governor Michelle Bowman said on Tuesday that the US may see inflation lasting longer than expected a few months ago.Bowman did not comment on her outlook for monetary policy in remarks prepared for a virtual event hosted by the Richmond Fed.However, she noted the obstacles making it difficult …

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• 19 October 2021 9:40 pm

  Wall Street surges as earnings stir risk appetite

  

  U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …

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• 19 October 2021 9:23 pm

  Crude oil higher after data driven pressure

  

  Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.Following a mixed session Monday triggered …

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• 19 October 2021 8:05 pm

  NYSE: First Bitcoin Futures ETF rises 2%

  

  Shares of the first U.S. bitcoin-linked fund rose slightly on their first trading appearance on Tuesday.The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ jumped 3% when trading began and last traded 2.3% higher at $40.94. The fund tracks CME bitcoin long awaited futures, or contracts speculating on the future price of …

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• 19 October 2021 7:27 pm

  Lane: Markets haven’t fully absorbed forward guidance

  

  ECB chief economist Philip Lane said on Tuesday that it is challenging to reconcile the market rate pricing with forward guidance.According to Lane, market expectations for future interest rates do not square with the European Central Bank’s guidance for no hike until inflation is seen stably at 2%.“When you look …

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• 19 October 2021 5:58 pm

  Market Drivers – European Session 19-10-2021

  

  Today’s trading was quiet, except for the release of the Australian Reserve meeting minute early this morning, which had a slight impact on the risk appetite in the markets. The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in …

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• 19 October 2021 5:45 pm

  US: Housing Starts Decline in September

  

  Housing Starts in the US declined by 1.6% on a monthly basis in September after rising by 1.2% in August, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development revealed on Tuesday. The Building Permits, which rose by 5.6% in August, …

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• 19 October 2021 4:49 pm

  OECD: The World Will Face Enormous Financial Difficulties in The Coming Decades

  

  In its latest policy papers, the Organization for Economic Co-operation and Development (OECD) warned that the world will likely face massive financial difficulties in the coming decades, worse than the ballooning public debt seen during the COVID-19 pandemic. According to the long-term scenario, the slowdown in large emerging economies, demographic …

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• 19 October 2021 4:12 pm

  J&J’s Coronavirus Vaccine Adds More Than $500 Million to Third-Quarter Sales

  

  Johnson & Johnson said it sold $502 million of its coronavirus vaccine in the third quarter, in its third-quarter financial statements that beat Wall Street earnings expectations. The company reported adjusted earnings per share of $2.60 per share, versus expectations of $2.35 per share. The company’s revenue came to $23.34 …

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• 19 October 2021 2:41 pm

  The Dollar Falls With The Rise of Asian Stocks

  

  The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in risk appetite, as Asian stocks tracked the rise in US technology shares, and also amid signs that China’s property market problems could be contained. The Australian dollar, which is …

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• 19 October 2021 1:43 pm

  Gold Rises With The Decline in The Dollar And US Bond Yields

  

  Gold futures fell on Friday, on pace to halt a three-session climb, as Treasury yields and U.S. benchmark stock indexes rose, Gold prices rose on Tuesday, October 19, as the dollar and US Treasury yields fell, providing some support for the precious metal despite the trend of central banks to …

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• 19 October 2021 1:00 pm

  European Shares Rise on Tech

  

  European shares rose on Tuesday as technology stocks rose, tracking overnight gains from their Wall Street peers, offsetting losses in Swedish and healthcare firms’ Ericsson shares. The pan-European Stoxx 600 index was up 0.1 percent by 0708 GMT, with technology shares gaining 0.7 percent. Telecom equipment maker Ericsson fell 3 …

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• 19 October 2021 12:35 pm

  Market Drivers – Asian Session 19-10-2021

  

  Japan’s Nikkei index closed higher on Tuesday, boosted by technology heavyweights that tracked the Nasdaq’s gains, even as worries spread ahead of the country’s corporate earnings season that begins next week. The Nikkei index closed up 0.65 percent to 29,215.52 points, and the broader Topix index rose 0.36 percent to …

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