Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2020

• 23 November 2020 9:39 pm

  European Stocks End Mostly Unchanged

  

  European stocks showed a mixed performance on Monday, opening the week amid hopes for new COVID-19 vaccines and the rising number of cases and renewed lockdown measures in many parts of the continent. The STOXX Europe 600 closed marginally lower by 0.010%. Meanwhile, the UK’s FTSE100 declined by 0.28%, while …

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• 23 November 2020 8:09 pm

  Schnabel: ECB Must Monitor Shadow Banks

  

  Board member of the European Central Bank (ECB), Isabel Schnabel, said on Monday that the ECB needs to monitor the growing role of shadow banks. “Unlike banks, these market participants often do not have access to central bank operations.”“Were the transmission across money market rates to weaken, or rates to …

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• 23 November 2020 7:19 pm

  Canada’s Wholesale Sales Expected to Rise 0.9% in October

  

  Wholesale sales in Canada are expected to have increased by 0.9% in October, according to estimates by Statscan released on Monday, Reuters reported. The rise in wholesale sales follows an equal one in September. The preliminary estimate is based on a weighted response rate of 53.0%, according to Statscan. Meanwhile, …

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• 23 November 2020 7:09 pm

  US PMI Records Largest Gain in Five Years – IHS Markit

  

  The seasonally adjusted IHS Markit Flash United States Composite purchasing managers’ index (PMI) output index posted 57.9 in November, up from 56.3 in October. The rate of growth was the sharpest since March 2015, as a steep upturn in service sector activity was accompanied by an accelerated rise in manufacturing …

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• 23 November 2020 6:06 pm

  Ethereum Price Breaks $600

  

  Ethereum is currently trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years. 

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• 23 November 2020 5:45 pm

  US: Chicago Fed National Activity Index Improves to 0.83 in October

  

  The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose from 0.32 (revised from 0.27) in September to 0.83 in October. Fifty-four indicators improved from September to October, 30 indicators deteriorated, and one was unchanged. Of the indicators that improved, eight made negative contributions

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• 23 November 2020 5:15 pm

  All UK Adults Could Have COVID-19 Vaccine by Springtime

  

  Professor Adrian Hill, Director of the Jenner Institute, told Reuters on Monday that all UK adults could have a COVID vaccine by springtime after Oxford/AstraZeneca’s vaccine candidate showed the effectiveness of up to 90%. “Oxford vaccine trial results leave Britain on track to start roll-out in December. We will likely …

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• 23 November 2020 4:42 pm

  Germany Intends to Extend General Isolation by One Month to Contain The Second Wave of Corona

  

  On Sunday, November 22, two senior German officials said in remarks that the country will have to extend its current measures to contain the coronavirus pandemic to last in December. Germany imposed “general isolation measures” for a month, starting from November 2, to contain a second wave of the virus …

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• 23 November 2020 4:21 pm

  Barclays Bank Keeps Its Forecast For Oil Price in 2021

  

  Barclays Bank maintained its oil price forecast for 2021 and expected Brent crude to reach $ 53 a barrel due to OPEC and its allies controlling production and based on the promotion of a potential Covid-19 vaccine demand in the second half of the year. In the short term, the …

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• 23 November 2020 3:11 pm

  AstraZeneca Will Have 200 Million Doses of COVID-19 Vaccine by The End of The Year

  

  Pam Cheng, chief operating officer at AstraZeneca, said that the company will have 200 million doses of its candidate vaccine, which it developed in cooperation with the University of Oxford, by the end of 2020, and that 700 million doses will be ready worldwide by the end of Q1 of …

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• 23 November 2020 2:46 pm

  Oil Prices Continue Their Gains Thanks to Hopes of Corona Vaccine

  

  Oil prices rose 1% on Monday, November 23, to continue their gains, as traders expect a recovery in crude demand due to successful trials of a vaccine for the Coronavirus. Sentiment boosted hopes that OPEC, Russia and other producers, a group known as OPEC +, would continue to curb production. …

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• 23 November 2020 1:53 pm

  German Flash Manufacturing PMI Eases to 57.9 in November

  

  According to the preliminary manufacturing activity report from IHS/Markit research, released this Monday, the flash version of the German Manufacturing PMI eased to 57.9 in November. The reading was still better than consensus estimates pointing to a fall to 56.5 from a 30-month high level of 58.2 recorded in the …

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• 23 November 2020 1:30 pm

  Eurozone Flash Manufacturing PMI Comes in at 53.6 For November

  

  According to the preliminary report from IHS/Markit research, Eurozone business activity fell sharply in November as countries introduced more aggressive measures. In fact, the Eurozone manufacturing purchasing managers index (PMI) fell to a three-month low level of 53.6 during the reported month, down from 548 in October. Adding to this, …

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