Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 30 September 2021 11:45 pm

  Secretary Yellen calls for permanent end to debt limit

  

  Treasury Secretary Janet Yellen, Thursday, called for an ultimate end to the federal debt ceiling altogether and shot the idea raised by down lawmakers of minting a USD 1 trillion coin to avoid defaulting on the debt.Yellen described the debt limit as “very destructive” during the House’s before the Committee …

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• 30 September 2021 10:20 pm

  Dow drops 400 points as stocks face worst month in 2021

  

  Wall Street reversed direction midday Thursday, with the Dow falling 400 points on the final trading day of the month and the quarter.Major indexes on Wall Street opened higher on Thursday but were unable to hold onto their gains. Around midday, the Dow (INDU) traded at 1.2%, or about 400 …

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• 30 September 2021 9:23 pm

  Report: Biden’s economy better than thought, worse than aspired

  

  The economic performance of Joe Biden’s first quarter as president is good, but not great. America’s economy grew at a slightly faster rate than previously reported in the second quarter due to increased consumer spending, exports and inventory investment, the Bureau of Economic Analysis reported Thursday.Gross domestic product, the broadest …

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• 30 September 2021 8:52 pm

  Crude oil resumes uptrend amid Chinese measures

  

  West Texas Intermediate futures have bounced up to USD 75.70 on China’s measures to secure supplies.Crude oil futures have turned positive on daily charts. Oil prices lost ground following an unexpected increase in U. S. inventories.Oil prices have bounced more than USD 2 in less than an hour, erasing previous …

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• 30 September 2021 5:33 pm

  Another 362,000 Individuals Filed New Claims Last Week

  

  U.S. states saw an unexpected increase in initial jobless filings last week, even as companies across industries looked to bring on workers to fill widespread vacancies. The US Labor Department said on Thursday that first-time government jobless claims increased by 11,000 to a seasonally adjusted 362,000 for the week ending …

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• 30 September 2021 4:39 pm

  US: Real GDP Growth Stood at 6.6% in Q2

  

  The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.

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• 30 September 2021 4:18 pm

  Germany: Annual HICP Rose to 4.1% in September

  

  According to the preliminary estimate published by Destatist this Thursday, consumer inflation in Germany, as measured by CPI, remained flat for the second successive month in September as against market expectations for a modest 0.1% rise. On a yearly basis, the headline CPI rose 4.1% during the reported month from …

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• 30 September 2021 2:18 pm

  Japan’s Nikkei Continues to Decline

  

  The Japanese Nikkei index ended Thursday, September 30, with its best monthly performance since November 2020, even as markets fell for the fourth consecutive session on concerns about the growth of the Chinese economy due to the worsening electricity crisis. The Nikkei index fell 0.31% to 2,9452.66 points but recorded …

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• 30 September 2021 1:44 pm

  The US Dollar Near Its Highest Level in a Year

  The US dollar approached one-year highs against major currencies on Thursday amid expectations that the Federal Reserve will gradually scale back stimulus measures from November, while the commodity-linked Australian dollar benefited from higher iron ore prices. The dollar, which is considered a safe haven, made significant gains in the last …

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• 30 September 2021 12:26 pm

  European Shares Set to Rise at Volatile End of September

  

  European shares rose, extending gains after a heavy sell-off earlier this week as persistent concerns about slowing global economic growth and rising inflation put major markets on a monthly decline path. The pan-European STOXX 600 index rose 0.6 percent, led by defensive sectors such as real estate, healthcare, and food …

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• 30 September 2021 11:55 am

  Oil Prices Are Mixed After a Sudden Rise in US Inventories

  

  Oil prices were mixed, as sales that were boosted by an unexpected increase in crude inventories in the United States eased, while analysts expect that the supply may not meet the recovering demand. Brent crude fell eight cents to $78.56 a barrel, after falling 0.6 percent on Wednesday. US crude …

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• 30 September 2021 11:13 am

  China: Caixin Manufacturing PMI Improves in September

  

  China’s Caixin Manufacturing PMI for September came in at 50.0 vs. 49.5 expected and 49.2 for August, indicating that the country’s manufacturing sector is heading towards expansion territory. Earlier, China’s official manufacturing PMI contracted to 49.6 in September from 50.1 in August and 50.1 expected, the National Bureau of Statistics …

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• 30 September 2021 11:08 am

  Britain’s Economy Grows Stronger Than Expected in Q2

  

  Official data revealed that Britain’s economy grew at a more robust pace than previously expected in the period between April and June. The Office for National Statistics said gross domestic product increased 5.5 percent in the second quarter, compared with its initial estimate of 4.8 percent growth. The office said …

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