Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 17 February 2021 8:28 pm

  U.S. Business Inventories Rise in December

  

  Business inventories in the United States rose more than expected during December, data showed on Wednesday. U.S. business inventories increased by 0.6% in December, after rising by 0.5% in November, according to data by the U.S. Department of Commerce. On an annual basis, business inventories declined by 2.6% in December …

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• 17 February 2021 4:29 pm

  Rise in European stocks stops as focus shifts towards inflation and Kering plummets

  

  European stocks retreated from nearly a year highs, as concerns about a possible increase in inflation undermined optimism about the economic recovery led by vaccines, while Kering fell after sales of its Gucci brand fell more than expected. Shares of the French group, which also owns the Saint Laurent brand, …

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• 17 February 2021 2:05 pm

  France: Unemployment Declined in Q4 to Pre-Pandemic Levels

  

  The unemployment rate in France decreased to levels before the Coronavirus Pandemic in the last quarter of 2020 despite the data being affected in part by the six-week lockdown measures to confront the COVID-19 outbreak, during which job seekers were unable to register themselves unemployed, According to the National Institute …

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• 17 February 2021 1:32 pm

  Stimulus Hopes Lead Dow Jones to a Record Closing Level

  

  The Dow Jones Industrial Average hit a record high today, Tuesday, supported by gains in the sectors related to the economic cycle, amid hopes of more financial stimulus to pull the US economy out of the recession sparked by the Coronavirus pandemic. But the Nasdaq index fell, affected by losses …

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• 17 February 2021 12:59 pm

  Oil Prices Close Near 13-Month Highs Supported by a Cold Wave in Texas

  

  Oil prices closed on Tuesday, February 16, near their highest levels in 13 months, supported by a very cold wave in the southern United States that closed oil wells and refineries in Texas. Prices have been on an upward path for months as crude producers restrict supplies and swiftly distribute …

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• 17 February 2021 12:14 pm

  Gold falls as US Bond Yields Rise, And Platinum Falling From Highest Level in More Than 6 Years

  

  Gold prices fell by as much as 1.7% on Tuesday, February 16th, to their lowest level in more than a week with the rise in US Treasury bond yields, while platinum fell in volatile trading after a rally that brought it to its highest level in six and a half …

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• 17 February 2021 2:14 am

  What Drove Treasury Yields to Levels Not Seen Since the Pandemic Began?

  

  Treasury yields in the United States significantly rose on Tuesday due to increased hopes for economic recovery and the easing of lockdown measures amid the rollout of Coronavirus vaccines. This is the first session for the week as Monday marked the federal holiday of Presidents Day in the United States. …

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• 17 February 2021 1:42 am

  Fed’s Daly Play Down Risk of Rising Inflation

  

  The President of the Federal Reserve Bank of San Francisco, Mary Daly, on Tuesday, played down the risks of a rise in inflation in the United States. Daly noted that there are concerns in the market of a surge in the inflation rate, but said that she does not this …

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• 17 February 2021 1:35 am

  NYSE Indices Close Mostly Lower as Treasury Yields Rise

  

  The main indices of the New York Stock Exchange (NYSE) showed a mixed performance on Tuesday and closed mostly lower. This comes amid huge increases in the U.S. Treasury yields and disruptions in the energy sector due to extreme weather conditions in the south that resulted from a strong winter …

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• 17 February 2021 1:29 am

  Natural Gas Futures Register Large Gains as Demand for Energy Surges

  

  Natural gas futures rose on Tuesday to mark their highest closing level in about four months, amid increased demand for energy and heat sources as a strong winter storm led to extreme cold weather in southern parts of the United States and some northern parts of Mexico. Natural gas futures …

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• 17 February 2021 1:20 am

  Oil Maintains Highest Level in 13 Months

  

  Oil prices rose on Tuesday, amid increased demand for energy and hear sources as a strong winter storm hit parts of North America. In addition, weather conditions led to supply disruptions with the shutdown of some crude refineries in Texas. The global benchmark Brent crude futures for April delivery rose …

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• 17 February 2021 1:14 am

  Gold Futures Close Below $1,800

  

  Gold prices declined on Tuesday, losing the key $1,800 support level, as the U.S. Treasury yields rose significantly leading to increased demand from investors. The yellow metal futures for April delivery dropped by $24.20, or 1.3%, to close at $1,799 per ounce. This is the lowest closing level for gold’s …

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• 16 February 2021 11:26 pm

  European Stocks Mixed and Close Marginally Lower

  

  European stocks closed marginally lower on Tuesday, amid a mixed performance by market sectors. The STOXX Europe 600 index declined by less than a single point to close nearly unchanged. The German index DAX fell by 0.32%, while the French CAC40 rose marginally by 0.01%. Meanwhile, the UK’s FTSE100 finished …

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