Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 24 April 2021 12:43 am

  European Stocks Log First Weekly Loss in Two Months

  

  European stocks declined on Friday, registering their first weekly loss in eight weeks, as the market reacted to concerns about the rising number of new coronavirus cases amid a new wave of the pandemic. The STOXX Europe 600 index closed lower by 0.2%, expanding its losses to 0.8% for the …

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• 23 April 2021 11:17 pm

  DXY Continues to Decline Despite Positive Data

  

  The U.S. Dollar (USD) is declining on Friday, nearing another weekly loss, despite data showing more progress in the economic recovery from the impacts of the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down by 0.52% at 90.86. …

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• 23 April 2021 10:30 pm

  U.S. Oil Rigs Decline for First Time Since March

  

  The number of active rigs drilling for crude oil in the United States declined this week, for the first time since March, despite rising oil prices encouraging a rise in production. Oil rigs decreased by a single rig to reach 343, while natural gas rigs maintained their level of last …

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• 23 April 2021 4:17 pm

  Currencies Overview: Bitcoin Falling And Dollar Stumbling as Dealers Reassess Timing of Reducing Bond Purchases

  

  The dollar was confined to a tight trading range near a multi-week low against the major counterpart currencies Friday, April 23rd, as traders contemplate the next steps of major central banks ahead of a meeting of the US Federal Reserve next week. And the euro incurred losses after Christine Lagarde, …

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• 23 April 2021 3:15 pm

  Egypt And Russia Agree to Resume Air Traffic, Including Hurghada And Sharm El-Sheikh

  

  The Egyptian presidency said in a statement that Egypt and Russia agreed to resume all flights between the two countries during a call between President Abdel Fattah El-Sisi and Vladimir Putin. “It was agreed to resume full air traffic between the airports of the two countries, including Hurghada and Sharm …

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• 23 April 2021 2:41 pm

  Eurozone Recovery Accelerates in April as Services Return to Growth

  

  A survey revealed that the eurozone’s recovery from the pandemic-induced economic downturn was much stronger than expected in April as the bloc’s dominant service sector ignored renewed lockdowns and saw a sudden return to growth. As the continent faces a new wave of infections with the Coronavirus, governments have re-imposed …

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• 23 April 2021 2:39 pm

  Central Bank of Russia Hikes Policy Rate by 50 Basis Points to 5% in April

  

  Russia’s central bank announced on Friday that it hiked its policy rate by 50 basis point to 5%, compared to analysts’ estimate for an increase of 25 basis points.

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• 23 April 2021 1:38 pm

  Oil Rises on Hopes of Recovery in Demand

  

  Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains. Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after …

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• 23 April 2021 1:12 pm

  European Stocks on Track of Posting Their First Weekly Loss in 8 Weeks

  

  European stocks are on the path of incurring their first weekly loss in eight weeks on Friday, April 23, as a surge in global coronavirus infections dashed the impact of strong earnings reports, while Madrid-based Olfendes shares jumped in its first trade in the Amsterdam market. The European Stoxx600 index …

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• 23 April 2021 12:40 pm

  Japan to Declare COVID-19 State of Emergency in Tokyo, Osaka Region

  

  Japanese stocks closed lower on Friday, April 23, as tighter government restrictions to contain COVID-19 infections raised concerns about the economy’s recovery, while disappointing expectations from nedec reinforced the cautious atmosphere at the start of the corporate earnings announcements season. The Nikkei index fell 0.57% to close at 29020.63 points, …

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• 23 April 2021 12:20 pm

  Japan Stocks Tumbled on Pandemic Fears

  

  Japanese stocks closed lower on Friday, April 23, as tighter government restrictions to contain COVID-19 infections raised concerns about the economy’s recovery, while disappointing expectations from nedec reinforced the cautious atmosphere at the start of the corporate earnings announcements season. The Nikkei index fell 0.57% to close at 29020.63 points, …

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• 23 April 2021 2:45 am

  Wall Street Closes in Red on New Tax Concerns

  

  The New York Stock Exchange (NYSE) declined on Thursday, closing on sharp losses that marked the worst daily performance on Wall Street since early March. News about U.S. President Joe Biden preparing a new proposal to tax the wealthiest Americans and raise the capital gains tax to fund public expenditure …

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• 23 April 2021 2:25 am

  Oil Futures Close on Marginal Gains

  

  Oil prices registered modest gains on Thursday, following strong losses yesterday to their lowest level in a week due to concerns about the coronavirus pandemic. Brent crude futures for June delivery rose by 8 cents, or 0.1%, to close at $65.40 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude …

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