Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 7 December 2021 7:26 pm

  Canada’s Ivey PMI remains Steady in November

  

  Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …

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• 7 December 2021 6:50 pm

  Banks Raise Concerns Over US Inflation

  

  Officials from some US banks on Tuesday said that there are real concerns about the impact of higher inflation, adding pressure on the Federal Reserve to implement plans to slow down the pace of its tapering at a faster pace.The International Monetary Fund last week warned of intensifying inflationary pressures, …

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• 7 December 2021 6:36 pm

  Market Drivers – European Session 07-12-2021

  

  Markets calm as fears of new coronavirus mutant, Omicron. Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan. Shunichi Suzuki stressed that the Japanese government is not considering setting a …

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• 7 December 2021 5:20 pm

  US: Goods And Services Trade Deficit Shrinks in October

  

  The US goods and services trade deficit shrank to $67.1B in October from $81.4B in September, the US Census Bureau reported on Tuesday. That was larger than the expected trade deficit on the month of $66.8B. Monthly imports rose to $290.70B from $288.20B in September, whilst monthly exports surged to …

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• 7 December 2021 4:26 pm

  Canada: International Trade Surplus Expands to C$2.09B VS. C$2.00B Expected

  

  Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.

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• 7 December 2021 3:35 pm

  Bitcoin Continues to Decline More Than 3%

  

  Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …

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• 7 December 2021 2:49 pm

  Gold Rises With The Decline of The Dollar

  

  Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite Gold prices rose Tuesday, December 7th, supported by the dollar’s decline, but rising US Treasury yields and fears that the US Federal Reserve would tighten monetary policy more than …

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• 7 December 2021 2:15 pm

  German Industrial Output Rises More Than Expected in October

  

  The federal statistics agency Destatis released preliminary data, on Monday, showing German consumer prices had hit a 29-year high in November, as soaring energy costs and supply chain bottlenecks weigh on Europe’s top economy. Data showed that German industrial output rose more than expected in October, even as supply bottlenecks …

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• 7 December 2021 1:49 pm

  Nikkei Makes Biggest Jump in a Month as Omicron Fears Eased

  

  Japan’s Nikkei index posted its biggest gain in more than a month on Tuesday, as concerns about the impact of the mutated Omicron strain of the coronavirus eased, encouraging investors to buy stocks such as SoftBank Group and travel-related shares. The Nikkei average rose 1.89% to 28,455.60 points, its biggest …

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• 7 December 2021 12:20 pm

  Oil Rises as Concerns Over Omicron Ease

  

  Oil prices rose on Tuesday after rising 5 percent in the previous session as concerns eased about the impact of the mutated Omicron strain of the Coronavirus on global fuel demand, while nuclear talks with Iran faltered, delaying the return of Iranian crude supplies to the market. Brent crude futures …

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• 7 December 2021 2:46 am

  Why Are Pfizer Shares Losing Today?

  

  Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …

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• 7 December 2021 2:34 am

  Two Potential Scenarios, Will Congress Fix US Debt Ceiling?

  

  The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …

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• 7 December 2021 2:13 am

  China To Boost Slowing Economy

  

  China recorded a steep economic slowdown in Q3 as its pandemic bounce fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. China’s central bank said it would reduce the amount of money banks are required to set aside, as a reserve, as it moved to …

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