Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 16 April 2021 1:32 pm

  Gold Hovering Near a 7-Week High as US Bond Yields Decline

  

  Gold prices stabilized today, Friday, near their highest levels since late February, and is on the path of achieving the second consecutive weekly gain, supported by the decline in US Treasury revenues and the weakness of the dollar. Gold settled in spot transactions at $1,762.70 an ounce, with the beginning …

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• 16 April 2021 1:27 pm

  Oil Rises to a 4-Week High, on Strong Data From China And a Rebound in Demand

  

  Oil prices extended their gains today, Friday, and are on a path of achieving a weekly profit of about 7%, with an improved outlook for crude demand and a strong economic recovery in China and the United States, which erased concerns about an increase in Covid-19 infections. With the close …

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• 16 April 2021 12:55 pm

  European Shares Rise as Daimler Earnings Lift Automakers

  

  European stocks hit a record high on Friday after strong data in the United States and China sparked optimism about a rapid economic recovery, while carmakers received a boost following better-than-expected earnings for Daimler. The pan-European STOXX 600 index added 0.1%, and is on track for its seventh straight week …

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• 16 April 2021 12:37 pm

  Japan Shares Closed Higher Thanks to a boost From Chip Companies

  

  Japanese shares closed slightly higher on Friday as chip heavyweight stocks rose, but concerns about corporate expectations dampened gains. The Nikkei index rose 0.14% to 29,683.37 points, while the broader Topix index rose 0.09% to close at 1960.87. Chip-related shares gained after the Taiwan semiconductor maker reported a 19.4% increase …

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• 16 April 2021 2:11 am

  Data Continue to Signal Economic Recovery in U.S.

  

  The United States continues to show increasing signs of economic recovery, supported by the massive government stimulus spending and the monetary easing policies of the Federal Reserve. The measurements that aim at curbing the negative economic impacts of the coronavirus pandemic seem to be working amid a surge in consumer …

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• 16 April 2021 1:52 am

  Wall Street Sees Another Record-Breaking Performance

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday due to an improved investors’ sentiment and risk appetite in Wall Street and around the globe, after the release of positive economic data. The Dow Jones Industrial Average finished at an all-time high, closing above 34,000 …

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• 16 April 2021 1:45 am

  Copper Surges after Being Called the New Oil

  

  Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its …

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• 16 April 2021 1:37 am

  Turkey Could Raise Interest Rates in Q4

  

  Goldman Sachs expects that the Turkish central bank might move to cut its key rate during the fourth quarter of the year. The Central Bank of Turkey decided to maintain interest rates unchanged on Thursday in the first Monetary Policy Committee (MPC) meeting under the new leadership, in a move …

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• 16 April 2021 12:00 am

  Oil Finishes at Highest Level in a Month

  

  Oil prices rose on Thursday for the fourth consecutive session, supported by an improved outlook for demand recovery this year. Brent crude futures for June delivery added 36 cents, or 0.5%, to close at $66.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for May delivery gained 31 …

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• 15 April 2021 11:05 pm

  Gold Surges on Geopolitical Tensions and Treasury Yields Decline

  

  Gold prices rose on Thursday and saw its best session performance since March, amid a decline in the U.S. Treasury bond yields and fluctuations by the U.S. Dollar (USD). Moreover, rising tensions between the United States and both Russia and China, improved demand for the yellow metal as a safe …

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• 15 April 2021 10:04 pm

  European Stocks Hit New All-Time High

  

  European stocks surged to a new all-time high on Thursday, supported by an improved risk sentiment among investors that resulted from positive economic data and earnings reports. The pan-European STOXX 600 index rose by 2.34 points, or 0.54%, to close at a new all-time high of 438.91 points. The mining …

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• 15 April 2021 8:10 pm

  Canada’s Home Sales Set New Record in March

  

  Home sales in Canada rose by 5.2% in March, data by the Canadian Real Estate Association showed on Thursday. More than 76,000 residential units were traded last month, marking the highest level of real estate trading activity on record. The previous record high was set in July 2020 at around …

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• 15 April 2021 6:30 pm

  U.S. Homebuilders Confidence Improves in April

  

  The U.S. National Association of Home Builders (NAHB) housing market index rose to 83 in April, compared with 82 in March, data showed on Thursday. The current sales conditions index also leveled up one point to 88, while the index for sales expectations in the next six months declined by …

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