Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 1 May 2021 3:26 am

  Dollar Rising After US Data, But Posting Biggest Monthly Decline Since December

  

  The dollar rose on Friday (April 30th), extending its gains after optimistic data on the income and spending of US consumers and the manufacturing sector in the Midwestern states. However, the dollar index ends April down 2.1, its biggest loss in one month since December. US data next week, including …

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• 1 May 2021 3:22 am

  Oil Prices Dropping From Their Highest in 6 Weeks Due to Fears of India’s Demand And Weak Japanese Imports

  

  Oil prices fell from six-week highs on Friday (April 30th) as investors scaled back their positions after weak data on Japan’s crude imports and concerns about fuel demand in India as coronavirus cases soar. West Texas Intermediate crude and Brent crude recorded the biggest one-day loss in more than three …

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• 1 May 2021 3:18 am

  Turkey’s Trade Deficit Shrank 14.9% Year-on-Year in March

  

  Data from the Turkish Statistics Institute on Friday showed that Turkey’s foreign trade deficit shrank by 14.9% year on year in March to $4.65 billion, according to the general trade system. The institute said that Turkey’s exports in March rose by 42.2% and imports increased by 25.6% compared to March …

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• 1 May 2021 3:17 am

  US Stocks Dropping Despite Huge Profits From Amazon And Dow Jones Down 200 Points

  

  The S&P 500 index fell 0.75%, while the Dow Jones Industrial Average declined 200 points, and the Nasdaq index fell 0.85%. And Amazon, the last of the Wall Street mega tech companies to publish their results, reported record profits in the first quarter of the year. The Seattle-based company said …

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April, 2021

• 30 April 2021 10:16 pm

  US Crude Oil Exports Fall to 2.7 Million Barrels Per Day in February

  

  The US Energy Information Administration said Friday, April 30 that US crude oil exports fell to 2.703 million barrels per day in February, from 3.165 million barrels per day in January. The government agency added in a monthly report that US gasoline exports fell to 687 thousand barrels per day …

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• 30 April 2021 10:15 pm

  EIA: US Oil Production Fell to 9.86 Million Barrels Per Day in February

  

  The US Energy Information Administration said Friday that crude oil production in the United States fell by 1.2 million barrels per day in February to 9.86 million barrels per day. The government agency revised, in a monthly report, oil production for January, down by 21,000 barrels per day to 11.06 …

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• 30 April 2021 10:13 pm

  US Consumer Spending And Income Recovered in March

  

  Consumer spending in the United States rebounded in March amid a rise in income, as families received additional aid money linked to the Covid-19 pandemic from the government, laying a solid foundation for a further acceleration in consumption in the second quarter. The Commerce Department said on Friday that consumer …

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• 30 April 2021 2:37 pm

  Eurozone Preliminary CPI Rises to 1.6% YoY in April

  

  According to Eurostat’s preliminary reading of the Eurozone CPI report, the annual figure came in at 1.6% in April, matching expectations of 1.6% while accelerating March’s 1.3%. The core figures eased to 0.8%% YoY in April when compared to 0.9% expectations and 0.9% booked in March.

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• 30 April 2021 2:20 pm

  The Eurozone Economy Contracted by 0.6% in Q1

  

  The eurozone economy shrank in Q1 2021, as countries implemented new closures and restrictions amid the third wave of coronavirus infections. GDP in the region fell 0.6% quarter-on-quarter, against expectations of a 0.8% contraction, according to preliminary data released by Eurostat. Germany, Italy and Spain all saw a decline in …

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• 30 April 2021 2:19 pm

  BNP Paribas Bank posts a profit of 1.8 billion Euros in Q1 of 2021

  

  BNP Paribas Bank announced its data for the first quarter of 2021, recording a net income of 1.8 billion euros, equivalent to 2.18 billion dollars, an increase of 11% from the previous quarter, while analysts expected a net profit of 1.2 billion euros during the first quarter 2021, according to …

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• 30 April 2021 1:44 pm

  Barclays Bank’s Earnings Exceeds Expectations in the First Quarter of 2021, at 1.7 Billion Pounds

  

  Barclays Bank announced a net profit for the first quarter of 2021 of 1.7 billion pounds, or 2.37 billion dollars, supported by lower fees for loan impairment. The BoE said these fees fell “dramatically” in the first three months of the year to 55 million pounds – down from 2.1 …

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• 30 April 2021 1:42 pm

  AstraZeneca Reports Earnings Per Share of $1.19 in Q1 2021, up 100% Year-on-Year

  

  AstraZeneca reported a 100% year-on-year increase in earnings per share for Q1 of 2021, to $1.19. The company achieved strong revenue growth of 15% in Q1 of 2021 to $7.3 billion, excluding a contribution from the pandemic vaccine COVID-19, revenue growth increased by 11% to $7.04 billion.

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• 30 April 2021 12:55 pm

  India Records a Daily Record Increase in Covid-19 Infections

  

  The Indian Ministry of Health data said that India recorded a record daily increase in infections with the Coronavirus, amounting to 386,452 Friday, April 30, while the number of deaths from the virus jumped 3,498 during the past twenty-four hours. According to Reuters statistics, India has added 7.7 million cases …

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