Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 29 October 2021 1:37 am

  Amazon shares retreat, badly misses revenues

  

  Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for Q3 and delivered disappointing guidance for the critical holiday period.Earnings amount to $6.12 versus $8.92 per share estimates. Revenue is $110.81 billion vs $111.6 billion estimates.Amazon is facing decelerating sales growth as …

  Read More »
• 29 October 2021 12:47 am

  Apple earnings misses on revenue

  

  Apple reported earnings after the close on Thursday. Earnings per share came in at $1.24 versus the estimate of $1.24. Revenue came in at $83.36 billion versus the estimate of $84.85 billion. Apple fell over 4% in extended trading. Apple stock is trading at $146.7 in the aftermarket for a …

  Read More »
• 29 October 2021 12:30 am

  U. S. consumer spending slows, impacts economic growth

  

  U.S. economic growth decelerated in the third quarter of 2021, as consumer spending slowed amid a resurgence in new COVID-19 cases and as government assistance payments decreased.Gross domestic product has grown at a 2% annual rate during the three months through September, the weakest of the recovery, according to an …

  Read More »
• 28 October 2021 8:31 pm

  Antitrust laws would harm US startups, slow the economy

  

  The United States is the land of opportunity, where anyone with an idea can bring it to market. This philosophy has fueled the growth and prosperity of America and made the U.S. the global leader of innovation.America’s economic success is being threatened by proposals in Congress that will make creating …

  Read More »
• 28 October 2021 7:41 pm

  U. S. economic recovery hits a major roadblock

  

  The Bureau of Economic Analysis reported Thursday that the U. S. economy grew at an annualized rate of only 2% in the third quarter.The highly infectious Delta variant of the coronavirus, supply chain chaos, worker shortages, sluggish jobs numbers and higher prices weighed on economic activity.It was far lower than …

  Read More »
• 28 October 2021 6:39 pm

  Market Drivers – European Session 28-10-2021

  

  The European session witnessed some fluctuations today, Thursday, amid anticipation of US and German inflation data and the European interest decision. The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and …

  Read More »
• 28 October 2021 6:01 pm

  Coverage of Lagarde’s Press Conference

  

  The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected. Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the …

  Read More »
• 28 October 2021 5:15 pm

  U.S. Weekly Initial Jobless Claims Decline to 281K

  

  There were 281,000 initial claims for unemployment benefits in the US during the week ending October 23, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 291,000 (revised from 290,000) and came in better than the market expectation of …

  Read More »
• 28 October 2021 4:51 pm

  Germany: Annual HICP Rises to 4.6% in October

  

  Inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 4.5% on a yearly basis in October from 4.1% in September. This reading came in higher than the market expectation of 4.4%. The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of …

  Read More »
• 28 October 2021 3:59 pm

  ECB Leaves Key Rates Unchanged

  

  The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as was widely expected.

  Read More »
• 28 October 2021 2:45 pm

  Samsung Earnings Record Fueled by Chips

  

  Samsung third-quarter profit jumped 28%, to a 3-year high, as rising memory chip prices, chip-making contracts, and screen sales outpaced rising consumer electronics production costs. The world’s largest maker of memory chips and smartphones said operating profit rose to 15.8 trillion won (about $13.48 billion) in the July-September period, from …

  Read More »
• 28 October 2021 1:25 pm

  Bank of Japan Decides to Keep Interest Rates

  

  The Bank of Japan decided at its monetary policy meeting held today, by a majority vote, to fix negative interest rates at -0.1% on current accounts held by financial institutions with the bank in the short term. The bank also decided to control long-term interest rates, by purchasing the required …

  Read More »
• 28 October 2021 1:04 pm

  Market Drivers – Asian Session 28-10-2021

  

  The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.835, with moves seen limited ahead of next week’s policy-setting meeting by the Federal Reserve. The Nikkei index closed down 0.96 percent at 28,820.09 points, while the broader Topix index fell 0.7 …

  Read More »