Noor Trends News, Technical Analysis, Educational Tools and Recommendations

July, 2021

• 21 July 2021 10:56 pm

  Gold Registers Biggest Daily Drop in Two Weeks

  

  Gold prices resumed losses on Wednesday, falling for the third time in four sessions, despite a mixed performance by the U.S. Dollar (USD) with lower demand for safe havens as stock markets surged to recover from earlier declines. The yellow metal’s front-month futures Gold for July delivery lost $8.00, or …

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• 21 July 2021 10:02 pm

  European Union Rejects British Call for New Northern Ireland Deal

  

  The European Union has reportedly rejected a proposal by the United Kingdom to discuss a new post-Brexit trade deal, regulating Northern Ireland, Reuters reported. Last year, an arrangement has already been reached regarding the issue after four years of negotiations between the two parties. However, businesses in Northern Ireland are …

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• 21 July 2021 9:35 pm

  European Stocks Log Highest Daily Gain in 12 Weeks

  

  European stocks finished higher on Wednesday for the second consecutive session, amid an improvement in investors’ sentiment, despite concerns about the Delta variant of the coronavirus (COVID-19). The STOXX Europe 600 index surged by 7.36 points or 1.65% to close at 453.97 points, supported by large gains by blue chips, …

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• 21 July 2021 8:01 pm

  U.S. Oil Inventories Rise for Ninth Week in Row

  

  Crude oil inventories in the United States continued to increase for the ninth consecutive week, adding 2.1 million barrels in the week ending July 16, according to official figures released on Wednesday. The U.S. Energy Information Administration (EIA) reported a decline in gasoline stockpiles by 100,000 barrels, while distillate inventories …

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• 21 July 2021 7:10 pm

  Georgieva: The IMF Keeps its Forecast for Global Growth at 6% in 2021

  

  International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, July 20, that the IMF’s estimates this month indicate that global growth in 2021 will be about 6 percent, the same as the forecast issued in April, but with some countries growing at a faster pace and some at a slower …

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• 21 July 2021 6:37 pm

  Wall Street Opens Higher After Strong Results

  

  Major US stock indexes opened higher on Wednesday, with renewed optimism about the health of the US corporate sector after strong quarterly results from companies such as Johnson & Johnson and Coca-Cola. The Dow Jones Industrial Average rose 45 points, or 0.13 percent, to 34,556.96 points, the S&P 500 index …

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• 21 July 2021 6:11 pm

  IMF: Global Economy Suffers Losses of $ 15 trillion due to Covid-19

  

  First Deputy Managing Director of the International Monetary Fund, Jeffrey Okamoto, expected that the global economy would lose about 15 trillion dollars from 2020 to 2024 due to the Coronavirus pandemic. According to an article published on the IMF’s website, Okamoto said that since March 2020, governments have spent $16 …

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• 21 July 2021 5:02 pm

  ASML Holdings Profit Beats Expectations, Q2 Revenue Falls Short of Expectations

  

  ESML Holding’s report released Wednesday for second-quarter earnings said it beat analysts’ expectations. However, the company recorded revenue less than expected. Earnings per share were €2.52 while revenue was €4.02B. ESML Holdings shares gained 3.12% to trade at €599.00 intra-day, according to the report. ASML Holdings shares traded 0% lower …

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• 21 July 2021 4:21 pm

  Oil Prices Turn Higher Despite Surprise Build in US inventories

  

  Oil prices reversed upwardly and continued achieving gains for the second session in light of the growing risk appetite, despite data showing a sudden increase in US crude stocks last week and a decrease in demand expectations due to the growing infection cases with the Covid-19 virus. Brent crude futures …

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• 21 July 2021 3:34 pm

  Coca-Cola’s Earnings and Revenue Beat Expectations in Q2

  

  The Coca-Cola Company’s second-quarter earnings report released on Wednesday indicated that it beat analysts’ expectations; the company posted revenue that also beat expectations. Earnings per share were $0.68, while revenue was $10.1B. During the year, Coca-Cola shares traded 1% higher, underperforming the Dow Jones Industrial Average, which is up 12.76% …

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• 21 July 2021 2:50 pm

  Gold Prices Fall as Dollar Rises

  

  Gold prices fell, heading for losses for the second session in a row, as the dollar’s gains and the recovery of US Treasury bond yields weighed on the metal’s safe-haven attractiveness amid fears of the rapidly spreading Delta variant of the Coronavirus. The spot price of gold fell 0.2 percent …

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• 21 July 2021 1:44 pm

  A Jump in Japan’s Exports Thanks to Strong Demand From The United States and China

  

  Japan’s exports jumped in June, led by US demand for cars and shipments to China of chip-making equipment, raising hopes of an export-fueled recovery in the world’s third-largest economy. Exports increased 48.6% year on year in June, posting double-digit gains for the fourth consecutive month, but the rate was greatly …

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• 21 July 2021 1:36 pm

  Japanese Stocks Rise After Five Sessions of Losses

  

  Japanese stocks snapped a five-session losing streak as investors re-purchased shares whose prices fell amid cautious optimism about earnings ahead of a long weekend marking the start of the Tokyo Olympic Games. The Nikkei index closed up 0.58 percent at 27,548 points, rebounding from Tuesday’s six-month low, although it failed …

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