Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 15 October 2021 12:37 am

  Fed’s Barkin: Lost Jobs won’t be recovered

  

  Federal Reserve Bank of Richmond President Thomas Barkin said changes in the U. S. economy could mean that some workers who left the job market during the pandemic won’t return.Citing the number of pre-pandemic jobs that haven’t been recovered, Mr. Barkin said, “I’m in the mood of giving a little …

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• 14 October 2021 11:38 pm

  Treasury yields slid over economic indexes

  

  The CRB commodity index hit an all-time high, PPI Thursday was at the highest in at least 10 years and yet yields are falling.Investors still digest a lighter-than-expected September producer inflation reading. The yield on the benchmark 10-year Treasury note gave up 3 basis points, falling to 1.519% at 2:35 …

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• 14 October 2021 11:24 pm

  Fed bank chiefs pledge to comply with ethics code

  

  The U.S. Federal Reserve’s regional bank presidents responded to criticism of their ethics rules by Democratic Senator Elizabeth Warren with a joint letter welcoming a review of the matter by the Fed’s Board of Governors and pledging to make any changes that result from that process.“Recently, Federal Reserve Chair Jerome …

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• 14 October 2021 11:13 pm

  What Earnings Tell About U. S. Economy

  

  Citigroup and other major U.S. banks said customer spending has eclipsed pre-pandemic levels.U.S. stocks jumped Thursday, bolstered by better-than-expected earnings and economic data that helped ease investor concerns about inflationary pressures and a slowdown in growth.Wall Street is booming, or at least parts of it are. Merger mania and stock …

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• 14 October 2021 11:04 pm

  Dow surges 500 points on strong earnings

  

  Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly results from Bank of America and Walgreens, while better-than-expected economic data eased some concerns about higher inflation.At 12:08 p.m. ET, the Dow Jones Industrial Average was up 499.56 points, or 1.45%, at 34,877.37, the S&P 500 …

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• 14 October 2021 10:56 pm

  U. S. wholesale inflation surges to new record

  

  The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …

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• 14 October 2021 10:41 pm

  Global economy caught by storm

  

  Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …

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• 14 October 2021 10:01 pm

  Commodities most affected by high energy prices

  

  Energy prices have recorded multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.Historically, …

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• 14 October 2021 9:52 pm

  WTI oil consolidates above $80.00

  

  WTI futures capped at $81.61, and remain steady above $80.00. OPEC forecasts, US stocks weigh on oil prices.U. S. Oil prices consolidate between $79.45 and $81.60. Front-month WTI futures have been rejected at $81.61 session high earlier Thursday, and prices have retreated moderately during Thursday’s US trading session. Oil prices, …

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• 14 October 2021 9:45 pm

  U. S. labor shortage could stay longer

  

  The U.S. is missing around 4.3 million workers; a shortage many economists expect to last at least several more years Companies and businesses such are attempting to adjust. Scarce labor is becoming a constant reading of the U.S. economy, reshaping the workforce and prodding firms to adapt by raising wages, …

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• 14 October 2021 9:37 pm

  Two chip stocks do well amid shortage

  

  The global chip shortage rages on, and some predictions indicate supply and demand will not reach balance until 2023. For some chip stocks, though, the shortage of tech hardware and soaring prices hasn’t led to a windfall. Two stocks in the industry that have struggled this year are ACM Research …

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• 14 October 2021 9:30 pm

  Tesla Dominates 2021 American-Made Index

  

  Tesla has no fewer than four models in the top 10 list of most American-made cars on sale today, according to an annual automotive index measuring the amount of US-manufactured content in vehicles. The Kogod School of Business’ 2021 Made in America Auto Index lists the Tesla Model 3 in …

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• 14 October 2021 8:37 pm

  Local investors could steer the Turkish Lira’s destiny

  

  The Turkish lira is at its worst, as local investors could start to turn away from it, which would further its decline that has pushed the currency to consecutive record lows over the past month.So far, domestic investors have sold more than $5 billion of their foreign currency deposits in …

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