Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 9 November 2020 5:39 pm

  Sentix: Eurozone Investor Sentiment Deteriorated in November But Above Expectations

  

  The survey showed investor sentiment in the euro area declined for the second month in a row in November, but the decline was not as severe as some feared, given that the restrictions imposed to curb the outbreak of the Coronavirus did not harm the economy as expected. The Sentix …

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• 9 November 2020 4:40 pm

  S&P 500 Futures Hit Record High on Pfizer’s Vaccine Hopes

  

  US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection. As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, …

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• 9 November 2020 4:15 pm

  Breaking: Pfizer Says Covid-19 Vaccine 90% Effective And Markets Jump

  

  Pharmaceutical giant Pfizer has said that its COVID-19 vaccine study has shown that it prevents 90% of infections among those who had no evidence of previous infection. The company has been developing a vaccine with Germany’s BioNTech. No fewer than 43,500 have been participating in the Phase 3 trial. Pfizer …

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• 9 November 2020 3:56 pm

  Economic activity in France is 12% Lower Due to Isolation Measures

  

  The French central bank said that economic activity in the country is witnessing a 12% decline this month from its normal level after the country entered into general isolation measures to limit the spread of the Corona virus for the second time this year. The government imposed a new lockdown …

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• 9 November 2020 3:18 pm

  US Dollar Drops to Its Lowest Level in 10 Weeks

  

  The dollar reached its lowest level in ten weeks on November 9 as investors heralded the election of Joe Biden as President of the United States by buying currencies exposed to trade thanks to expectations that a quieter administration in the White House will boost global trade and that monetary …

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• 9 November 2020 2:16 pm

  European Stocks Jump After Biden’s Victory

  

  European stocks jumped Monday as Democrat Joe Biden’s victory in the US presidential election raised hopes for better trade relations between Washington and Europe, and chipmaker Infineon increased thanks to strong earnings expectations. The European Stoxx600 index rose 1.3% by 08:05 GMT, and the German DAX index, which relies on …

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• 9 November 2020 1:39 pm

  Japan’s Nikkei Index Jumps to The Highest Level in Nearly Three Decades

  

  Japan’s Nikkei index reached its highest level in nearly three decades on Monday, November 9, after Joe Biden won the US presidency, while Honda Motor shares led the gains among carmakers thanks to strong earnings numbers. Investors, who were reluctant to buy last week due to political uncertainty in the …

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• 9 November 2020 1:32 pm

  German Exports Rise More Than Expected in September

  

  German exports rose more than expected in September and foreign trade gave a boost to Europe’s largest economy that continued into the fourth quarter of the year as it struggles to avoid slipping into a double-digit deflation. The Federal Statistics Office said exports, adjusted for seasonal factors, rose 2.3% on …

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• 9 November 2020 12:28 pm

  Gold Rises as US Dollar falls on Stimulus Hopes Following Biden’s Victory

  

  Gold prices rose Monday, November 9, to their highest level in nearly two months, driven by the weakening of the dollar and hopes for more stimulus measures due to the Corona virus, under President-elect Joe Biden. Spot gold increased 0.5% to $ 1960.99 an ounce by 05:18 GMT. Earlier in …

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• 9 November 2020 12:11 pm

  Weekly Recap 2-6 Nov

  

  The headlines of the US election were dominating the markets past week with the intense competition between Trump and Biden, which Biden settled by a difference of votes, here are the highlights of the past week. The US Federal Reserve decided to keep interest rates near zero at 0.25% while …

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• 9 November 2020 11:59 am

  Brent Crude Exceeds $ 40, After Increased Risk Appetite With Biden’s Victory

  

  Oil prices gained more than 2% on Monday, November 9, while Brent crude futures rose above $ 40 a barrel, after Joe Biden won the US presidency and boosted risk appetite, offsetting concerns about the impact of the worsening coronavirus pandemic on demand. Brent crude futures for January delivery rose …

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• 7 November 2020 8:45 pm

  US Election: AP Call Elections For Biden

  

  Joe Biden has been elected the 46th President of the United States according to AP.  The former Vice-President has pulled ahead in Pennsylvania. The latest batch of votes from the Keystone State put Biden ahead by around 34,000 votes ahead of President Donald Trump.

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• 7 November 2020 1:56 am

  Wall Street Mixed as it Records Weekly Gains

  

  The New York Stock Exchange (NYSE) failed to maintain its perfect record for the week, as the main indices in Wall Street mostly declined on Friday after rising for four consecutive sessions. The Dow Jones Industrial Average declined by 66.78 points, or 0.2%, and closed at 28,323.40 points, adding 6.9% …

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