Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 21 October 2021 4:49 pm

  Weekly Initial Jobless Claims Decline to 290K

  

  There were 290,000 initial claims for unemployment benefits in the US during the week ending October 16, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 296,000 (revised from 293,000) and came in better than the market expectation of …

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• 21 October 2021 4:01 pm

  New Zealand Signs Historic Trade Deal With Britain

  

  New Zealand Prime Minister Jacinda Ardern announced today, Thursday, that her country has signed a historic Free Trade Agreement (FTA) with Britain, adding that the free trade agreement will boost New Zealand’s gross domestic product by about one billion New Zealand dollars, through the unprecedented access of New Zealand products …

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• 21 October 2021 3:12 pm

  CBRT Cuts Policy Rate by 200 Basis Points

  

  The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 200 basis points to 16% from 18%. The market expectation was a rate cut of 100 basis points to 17%. “Tight policy started to have a higher than envisaged …

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• 21 October 2021 2:15 pm

  Gold Rises For The Third Day in a Row

  

  Gold prices rose for a third consecutive session on Thursday as a weaker dollar lifted the allure of bullion, while investors assessed whether rising inflation would prompt central banks to raise interest rates sooner than expected. Spot gold rose 0.1 percent to $1,782.70 an ounce, and US gold futures rose …

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• 21 October 2021 1:36 pm

  European Shares Fall, Affected by Evergrande Crisis

  

  European shares incurred losses at the beginning of today’s session, affected by negative sentiment stemming from renewed concerns about the real estate sector in China and mixed quarterly earnings results. The pan-European Stoxx 600 index fell 0.4%, retreating from a six-week high. Asian stocks also fell after news of a …

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• 21 October 2021 1:06 pm

  Market Drivers – Asian Session 21-10-2021

  

  Japan’s Nikkei index fell nearly 2% at the close of today’s session, pressured by fresh concerns about China’s Evergrande ahead of a general election and concerns about the impact of rising costs on the future of companies. The Nikkei index closed down 1.87% at 28,708.58 points, while the broader Topix …

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• 21 October 2021 12:38 pm

  Japan Shares Fall Nearly 2% on Election Fears And Evergrande

  

  Japan’s Nikkei index fell nearly 2% at the close of today’s session, pressured by fresh concerns about China’s Evergrande Group anxiety ahead of a general election and concerns about the impact of rising costs on the future of companies. “The ruling LDP (Liberal Democratic Party) would probably win a majority …

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• 21 October 2021 4:15 am

  Market Drivers – U. S. Session 20-10-2021

  

  The U. S. session witnessed no significant developments in terms of economic data. Positive corporate earning posts continued to back Wall Street and benchmark indexes.Wall Street cheered solid earnings from several health care companies. Abbott Laboratories for medical devices and drugs rose 3.6% beating Q3 estimates. Health insurer Anthem rose …

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• 21 October 2021 3:08 am

  Bets on higher U.S. Treasury yields hurt dollar funding Market

  

  Bloomberg has said that bets on rising U.S. yields “are adding to pressure on interest rates in the short term funding market”, where corporate cash holders make overnight loans by Treasury securities as guarantee.Yields on two-year notes tipped 0.44% this week, the highest level in a year, while investors still …

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• 21 October 2021 2:40 am

  Wall Street closes higher with S&P 500 tipping fresh record

  

  The S&P 500 index, a proxy for the health of retirement and college savings accounts, has climbed by 0.4% for its sixth successive gain to close as solid earnings stir investors’ expectations and appetite.S&P 500 closed at 4,536.19. The Dow Jones Industrial Average rose by 0.4% to 35,609.34 and Nasdaq …

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• 21 October 2021 2:05 am

  BofA: Carbon tax could add to inflation

  

  Francisco Blanch, Bank of America head of global commodities and derivatives research, told CNBC in a discussion on how much the energy sector is playing into the inflation story, why prices are elevated and how prices will look this holiday season.Blanch pointed out that surging energy prices in oil and …

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• 21 October 2021 1:50 am

  Poll: 62% of Americans hold Biden’s policies responsible for inflation

  

  62 percent of Americans hold Joe Biden as responsible for increasing inflation and believe the country is economically on the wrong track.A new poll released Wednesday said that Biden’s policies are responsible for inflation, which has hit its highest rate in 13 years.Morning Consult/Politico poll found that 18 percent believe …

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• 21 October 2021 1:34 am

  Weaker dollar pushes EUR/USD up to test 1.1650

  

  EUR/USD erased daily losses amid a decline of the dollar. EUR/USD pair is modestly rising after a rebound from 1.1615. During the American session, the pair climbed to 1.1651, slightly below the registered daily highs. On Wednesday, the U. S. dollar fell across the board amid risk appetite across financial …

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