Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 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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• 27 September 2021 1:24 pm

  Japan Shares Give Up Early Gains on Profit-Taking

  

  Japanese stocks closed slightly lower Monday, September 27, giving up early gains, led by cyclical stocks, as investors booked profits after a sharp rally this month, while caution also prevailed ahead of a change in the country’s political leadership. Nikkei fell by 0.03% to close at 30240.06 points, after rising …

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• 27 September 2021 12:39 pm

  Pfizer CEO Indicates That Life Will Return to Normal Within a Year

  

  The CEO of the American pharmaceutical company, Pfizer, Albert Borla, indicated that normal life will return again within a year, but it is likely that it will be necessary to receive an annual dose of Corona vaccines, noting that his company is preparing within days to submit an application for …

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• 27 September 2021 4:42 am

  Weekly Recap: 20-24 Sept

  

  The Federal Reserve left rates unchanged after the end of the monthly meeting of the FOMC and stated that if progress in the economy continues as expected, we may see the start of reducing purchases sooner, as some members of the committee indicated that interest rates may rise soon after …

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• 25 September 2021 3:37 am

  Can Bitcoin bounce back after China’s ban?

  

  China took its strongest action so far against cryptocurrencies; and according to the PBOC, Bitcoin, ether and tether are not legal and should not and cannot be used as currency in the market because they’re issued by non-monetary authorities and use encryption technology.But the government didn’t ban possession of cryptocurrencies, …

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