Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 5 July 2021 11:22 pm

  Oil Surges as OPEC+ Calls Off Meeting without Decision

  

  Oil prices surged on Monday, for the fifth consecutive session, with markets anticipating the outcomes of the ongoing OPEC+ negotiations regarding output cuts. Brent crude futures for September delivery gained 99 cents, or 1.30%, to close at $77.16 per barrel, to log a new highest closing level since October 29, …

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• 5 July 2021 10:01 pm

  China’s Crackdown on Tech Firms Continue

  

  China continues with severe measures against tech platforms, especially U.S.-listed firms, after the removal of Didi Chuxing from Chinese app stores. Authorities in Beijing have reportedly announced investigating Boss Zhipin, Yunmanman, and Huochebang, the Financial Times reported. It is worth pinpointing that Didi Chuxing is considered China’s biggest ride-hailing company. …

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• 5 July 2021 9:20 pm

  European Stocks Rebound From Earlier Losses at Close

  

  European stocks finished higher for the third consecutive session on Monday, rebounding from earlier losses to begin the week with a positive performance, despite concerns about the new variants of the coronavirus. The pan-European STOXX 600 index rose by 1.55 points, or 0.34%, to close at 458.36 points. This marked …

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• 5 July 2021 7:46 pm

  BoC Survey Shows Improvement in Business Sentiment

  

  Hiring plans among Canadian businesses surged to an all-time high, according to the most recent Bank of Canada (BoC) Business Outlook Survey. The majority of businesses have plans for hiring in the coming 12 months, due to expectations for demand recovery and faster sales growth as lockdown measures are eased. …

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• 5 July 2021 6:52 pm

  UK’s Johnson Reveals Plans to Ease Lockdowns

  

  Prime Minister Boris Johnson on Monday said that the United Kingdom is in its final steps towards easing lockdown measures. A decision is expected to be taken on July 12, with the Freedom Day, on which the long-term plan to ease restrictions will occur could take place on July 19, …

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• 5 July 2021 6:04 pm

  ECB: Bought Net €13.17 Billion of Assets Last Week

  

  The European Central Bank (ECB) announced on Monday that it bought a net 13.17 billion euros of assets last week as part of its quantitative easing program, compared to 31.9 billion euros a week earlier, as reported by Reuters. “ECB bought a net 453 mln euros of corporate bonds in …

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• 5 July 2021 5:09 pm

  The US Dollar Trading Negative on Rate Hike Fears

  

  The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus. While the headline jobs figures for June beat expectations, unemployment rates rose …

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• 5 July 2021 3:51 pm

  Turkish Inflation Reaches a Two-Year Peak With a Sudden Jump to 17.5%

  

  Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying an interest rate cut this year. The monthly consumer price reading was also higher than expected, up 1.94%, according to the Turkish Statistical …

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• 5 July 2021 3:07 pm

  Cryptocurrency Plummets After Digital Dollar Headlines

  

  Bitcoin, the largest digital currency, fell at these moments of trading on Monday, and during 24 hours, by about 3.7%, to $34.2. While the second-largest digital currency, Ethereum, ETH/USD, fell by about 2.7% to levels of $2.27 thousand, while its market value is about $264.8 billion. DOGE/USD is down about …

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• 5 July 2021 2:02 pm

  Sentix: Investor Confidence Improves Thanks to Services Sector

  

  A survey showed that investor confidence in the eurozone increased for the fifth consecutive month in July, to its highest level since February 2018, thanks to the reopening of restaurants and retail stores, as well as tourism, with the decline in Covid-19 infections. The Sentix index for the eurozone rose …

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• 5 July 2021 1:14 pm

  Turkey: CBRT Leaves Policy Rate Unchanged at 19%

  

  Turkey’s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying any interest rate cut this year.The monthly consumer price reading was also higher than expected, up 1.94 percent, according to the Turkish Statistical …

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• 5 July 2021 12:05 pm

  Virus Fears Keep European Shares Below Record Levels

  

  European shares were stuck below all-time highs, as the global spread of the mutated Delta strain of the Corona virus raised fears of an economic stumble, but Morrisons shares jumped as the battle for the British company intensified.The pan-European Stoxx 600 index fell 0.11 percent, and the shares of travel …

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• 5 July 2021 10:23 am

  French Health Minister Warns of a Fourth Wave of The Coronavirus

  

  French Health Minister Olivier Veran urged Sunday, July 4, as many French people as possible to get the Corona vaccine, warning that France may be heading towards a fourth wave of the epidemic by the end of this month due to the highly contagious delta strain. “For five days the …

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