Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Goldman Sachs Group announced a 153% increase in fourth-quarter profit today, Tuesday, driven by the strong performance of its core bond trading and underwriting activities, and an increase in mergers and acquisitions activities. The bank’s net profit attributable to ordinary shareholders rose to $ 4.36 billion in the quarter ended …
Read More »Market Analysis
January, 2021
-
19 January 2021 6:35 pm
Goldman Sachs Profits Jump by 153% Thanks to Acquisition And Trading Activities
-
19 January 2021 5:15 pm
German ZEW Economic Sentiment Index Beats Estimates
The German ZEW headline numbers for January showed that the Economic Sentiment Index improved to 61.8 versus 60.0 expected and 55.0 prevoius. While the sub-index Current Conditions figure arrived at -66.4 in Jan versus -68.5 expected and -66.5 seen previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Jan unexpectedly rose …
Read More » -
19 January 2021 4:44 pm
BofA: Quarterly Profit Exceeds Expectations But Revenues Falling
Bank of America reported a profit of 59 cents, compared to expectations of 55 cents, according to Refinitiv estimates. Quarterly revenues decreased by 10% to $ 20.2 billion compared to the same quarter of the previous year, which fell below expectations of $ 500 million. The following are the bank’s …
Read More » -
19 January 2021 3:38 pm
Russia: Second Vaccine is 100% Effective
Russia has found that its second COVID-19 vaccine developed by the Vector Institute, is 100% effective. The Tass news agency reports that the perfect results are based on clinical trials.
Read More » -
19 January 2021 3:05 pm
EU Commission: National Plans to Spend Covid Recovery Funds Lack Detail, Need to be Improved
The European Commission has warned some preliminary national plans to spend the covid recovery money lack detail and need to be improved, Reuters reports, citing sources with knowledge of the matter. “EU commission has said the net paying countries would reject plans if not accompanied by reforms.”
Read More » -
19 January 2021 2:36 pm
Egypt’s Trade Deficit Shrank by 17% in 2020
The Egyptian Ministry of Trade and Industry said that the trade balance deficit decreased by about 17% year-on-year in 2020 to $ 38.291 billion. The ministry added in a press statement that non-oil exports decreased by 1% to 25.295 billion dollars in 2020, while imports fell 12% to 63.587 billion …
Read More » -
19 January 2021 2:05 pm
Gold Rising as Dollar Retreats From Its Peak in a Month
Gold prices rose today, Tuesday, to rise from the one-and-a-half-month low they reached in the previous session, as the US dollar retreated, while the yellow metal, which is considered a safe haven, received support from the prospects of injecting more stimulus into the global economy. Spot gold rose 0.1% to …
Read More » -
19 January 2021 1:14 pm
Japan’s Nikkei Closes Higher
Japanese stocks closed higher, after falling for two consecutive sessions, as investors held decliners, while carmakers and semiconductor stocks led the rally. The Nikkei index rose 1.39% to 28,633.46 points, while the broader Topix index rose 0.56% to 1,855.84 points. Sentiment was boosted after Chinese data released on Monday raised …
Read More » -
19 January 2021 1:09 pm
Turkey Bans ads on Twitter, Periscope And Pinterest
Turkey banned ads on Twitter, Periscope and Pinterest after these platforms did not appoint local representatives in the country under a new social media law, according to decisions published on Tuesday. The law stipulates that social media companies that do not appoint local representatives will be subject to a set …
Read More » -
19 January 2021 1:05 pm
European Shares Rise on Positive Earnings Reports
European stocks rose after Asian markets rose on optimism about the Chinese economy, while sentiment was supported by positive earnings reports from the Minera Rio Tinto and Logitech, a maker of computer accessories. The European STOXX 600 index gained 0.4%, while the German DAX and the French CAC 40 index …
Read More » -
19 January 2021 3:02 am
S&P 500 Could Rise by 14% in 2021: Goldman Sachs
The S&P 500, one of three main indices on the New York Stock Exchange (NYSE), is expected to make gains of about 14% this year, to close 2021 at the level of 4,300 points, as shown by a recent projection by Goldman Sachs picked up by Dow Jones’s MarketWatch. As …
Read More » -
19 January 2021 2:02 am
GBP Recovers Earlier Daily Losses
The British Pound (GBP) has recovered most of its earlier losses on Monday against the U.S. Dollar (USD) amid the decline of the later. The Sterling saw a negative performance throughout the first day of the week amid uncertainty resulting from the prospects of London losing its position as leading …
Read More » -
19 January 2021 1:54 am
USD Turning to Negative Side
The U.S. Dollar (USD) gave up its gains earlier today, which helped the greenback rise to its best level in about a month, and turned to decline across the board. The Dollar Index (DXY), which measures the USD performance against a basket of six international rivals, is marginally down by …
Read More »