Open Demo Account

Market Analysis

August, 2021

  • 16 August 2021 5:27 pm

    Manufacturing Sales Increase by 2.1% in June

    Manufacturing Sales rose by 2.1% on a monthly basis in June to C$59.2 billion, the data published by Statistics Canada reported on Monday. This reading followed June’s contraction of 0.3% and missed the market expectation for an increase of 2.5%.

    Read More »
  • 16 August 2021 4:47 pm

    Gold Falls From a Week’s Peak as The Dollar Rises

    Gold prices retreated from their highest level in a week on Monday, August 16 with the dollar’s rise, but easing concerns about the US Federal Reserve’s early cut in stimulus policies, and fears of an outbreak of the Delta strain contributed to the price of the yellow metal remaining near …

    Read More »
  • 16 August 2021 4:45 pm

    NY Empire State Manufacturing Index slumps to 18.3 in August

    The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell sharply to 18.3 in August from 43 in July. This reading missed the market expectation of 29 by a wide margin.

    Read More »
  • 16 August 2021 4:44 pm

    The US Dollar is Falling Due to Weak Consumer Sentiment

    The US dollar settled near a one-week low against the other major currencies on Monday, August 16th, while declining US consumer sentiment hurt bets on an early Federal Reserve monetary policy tightening, while the yuan and Australian dollar fell after disappointing Chinese economic data. There was little change in the …

    Read More »
  • 16 August 2021 2:53 pm

    CDC: U.S. Administers 356.4 Million Doses of COVID-19 Vaccines

    The US Centers for Disease Control and Prevention (CDC) said that the United States had given more than 356 million doses of Corona vaccines in the country as of Sunday morning, August 15, and distributed more than 415 million doses. The CDC said about 198 million people had received at …

    Read More »
  • 16 August 2021 2:29 pm

    Weak Chinese data Halt Gains in European Shares

    Eurozone

    European stocks’ 10-day gains were halted Monday, August 16th, following an unexpected slowdown in China’s economic indicators, with commodity-related stocks posting the biggest loss. The STOXX 600 index of the most important European shares fell 0.5% in early trading, retreating from record levels last week. Oil and mining shares fell …

    Read More »
  • 16 August 2021 1:36 pm

    China’s Retail Sales Growth Slows More Than Expected in July to 8.5%

    China

    Chinese retail sales rose 8.5% in July, less than expected at 11.5%, according to analysts polled by Reuters. Chinese retail sales rose 12.5% in June. Auto-related sales, the largest component of retail sales by value, were the only category to decline in July, declining 1.8% year-on-year. Industrial production grew by …

    Read More »
  • 16 August 2021 12:41 pm

    Oil Falls on Expectations of Lower Demand From China

    Oil prices fell more than 1% on Monday, August 16, falling for a third session, after official data showed a slowdown in refining productivity and economic activity in China, in a sign that the new outbreak of Covid-19 is denting the world’s second-largest economy. Brent crude fell 90 cents, or …

    Read More »
  • 15 August 2021 11:51 pm

    Weekly Recap: 9 – 13 August

    Markets are showing increased activity in M&A deals, as recent data suggested that the total value of global merger and acquisition (M&A) deals so far this year has already exceeded that of last year, amounting to $3.6 trillion year-to-date. A large chunk of this volume took place in the United …

    Read More »
  • 14 August 2021 6:33 am

    Wall Street End the Week Mixed

    The main indices on Wall Street showed a mixed performance this week, with investors focusing on earnings reports and economic indicators, and rising Treasury yields weighing on tech stocks. The Dow Jones Industrial Average rose modestly by 15.53 points to hit a new record high closing level at 35,515.38 points, …

    Read More »
  • 14 August 2021 6:28 am

    U.S. Treasury Yields Decline but Manage Large Weekly Rise

    U.S. Treasury bond yields declined on Friday, but still managed to register its biggest increase in two months. The benchmark 10-year Treasury bond yield reached 1.297% on Friday, down from 1.366% on Thursday, recording its highest weekly increase since June 25. Similarly, the two-year note return settled at 0.215% compared …

    Read More »
  • 14 August 2021 4:44 am

    Oil Finished the Week with Mixed Performance

    Oil prices declined on Friday, finishing the week on a mixed note with growing concerns about the spread of the coronavirus Delta variant and the subsequent effect on the recovery of demand for energy. Brent crude futures for October delivery lost 72 cents, or 1%, to finish at $70.59 per …

    Read More »
  • 14 August 2021 3:36 am

    Gold Logs Weekly Gains as USD Drops

    Gold prices rose on Friday after the dollar declined as the U.S. consumer sentiment dropped to its lowest level in a decade. Accordingly, the yellow metal turned higher for the week as demand for safe havens improved. The U.S. Dollar Index (DXY) which measures the greenback against a basket of …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends