Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 6 July 2021 1:59 pm

  US Crude Jumps to The Top of 2014 After The Disagreement of OPEC + Producers

  

  Oil prices jumped to their highest levels in several years, and saw US crude reach its highest level since 2014, after OPEC + producers disagreed about plans to increase supplies in the face of rising global demand. Brent crude jumped 62 cents, or 0.8 percent, to $77.78 a barrel after …

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• 6 July 2021 1:25 pm

  European Shares Fall After 3 Sessions of Gains

  

  European shares fell in early trading after gains over three sessions, as a jump in commodity shares was offset by weak trading in Asia and a sudden drop in industrial orders in Germany. The pan-European Stoxx 600 index fell 0.1%, with auto stocks recording the biggest decline. Data showed that …

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• 6 July 2021 12:49 pm

  Japan’s Nikkei Rises With SoftBank’s Recovery

  

  The Nikkei index closed slightly higher on the Tokyo Stock Exchange on Tuesday, with the recovery of SoftBank and Fast Retailing shares, but fears of a possible increase in Coronavirus infections during the Olympic Games capped gains. The Nikkei gained 0.16 percent to record 28,643.21 points, giving up an early …

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• 6 July 2021 8:11 am

  Goldman Sachs Predicts Winner of Euro 2020

  

  Goldman Sachs predicts that England will win the Euro 2020 football tournament, according to recent reports about the bank’s probability model, CNBC reported. The model shows England’s chance of qualifying to the final is 57.7% and 31.9% in winning the cup, followed in the latter by Spain and Italy with …

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• 6 July 2021 12:52 am

  Bitcoin Returns to Losses on Independence Day

  

  Bitcoin declined on Monday by about 5% to $33,857, erasing most of its recent gains, amid relatively thin trade with the U.S. on a holiday with a long weekend, celebrating Independence Day. The world’s biggest cryptocurrency in terms of market capitalization dropped by 41% during the second quarter (Q2) of …

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• 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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