Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 1 September 2021 10:59 pm

  Canada’s Manufacturing Sector Expanded in August

  

  Manufacturing activity in Canada expanded in August, showing its best improvement since April, data showed on Wednesday. The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) rose to a seasonally adjusted 57.2 in August from 56.2 in July. The new orders index rose to 55.8 from 55.3. The stocks of …

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• 1 September 2021 10:30 pm

  The Brazilian Economy Contracted in Q2 – IBGE

  

  The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday. A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy. Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market …

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• 1 September 2021 10:00 pm

  New COVID-19 Variant Spurs Concerns

  

  The World Health Organization (WHO) has warned that a new strain of the coronavirus has been detected in many countries across the world. Named Mu, the first case infected with the new variant was discovered in Colombia last January but has now been identified in 39 countries. It has become …

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• 1 September 2021 8:40 pm

  Amazon to Employ 55K More People Around the Globe

  

  Amazon will offer 55,000 jobs around the world, in corporate and technology, over the coming months, CEO Andy Jassy reportedly told Reuters. Speaking to the press for the first time since he assumed the position in July, following the resignation of former CEO and Founder Jeff Bezos, Jassy said that …

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• 1 September 2021 8:04 pm

  U.S. Construction Spending Rises in July

  

  Construction spending in the United States increased in July, according to data by the U.S. Commerce Department on Wednesday. The construction spending rose by 0.3% compared with its level in June but surged by 9% on a yearly basis. The reading modestly exceeded market expectations.

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• 1 September 2021 7:35 pm

  USD Trading Negatively in Early Trades

  

  The U.S. Dollar (USD) is trading lower against major currencies on Wednesday, after the release of economic data that showed mixed conditions in the manufacturing sector and the jobs market. The Dollar Index (DXY) is up 0.23% at 92.42 in early trades after turning to the negative territory before the …

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• 1 September 2021 7:13 pm

  OPEC Agrees to Plan on Gradual Output Hikes

  

  As is widely expected, OPEC stuck to the plan to raise production by 400 barrels in October. The meeting is still going on to be updated…

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• 1 September 2021 6:50 pm

  EIA: U.S. Oil Inventories Down 7.2 Barrels in a Week

  

  Crude oil inventories in the United States decreased by 7.2 million barrels in the week ending August 27, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). Commenting on the data, “business Survey Committee panelists reported that their companies and suppliers continue to struggle at unprecedented …

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• 1 September 2021 6:43 pm

  ISM Manufacturing PMI Improves to 59.9 in August

  

  The U.S. manufacturing sector saw an improving level of business activity last month, according to data released today. The manufacturing purchasing managers’ index (PMI) posted 59.9 in August, rising by 0.5% compared to 59.5 in july. Further details of the publication revealed that the Employment Index declined to 49 from 52.9 …

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• 1 September 2021 6:34 pm

  Wall Street Opens at Record Highs, Focus on Economic Data

  

  The Nasdaq hit a record high on Wednesday as weaker-than-expected private-sector jobs data fueled hopes of an extension of support from the US Federal Reserve. The Dow Jones Industrial Average rose 26.82 points, or 0.08 percent, to 35,387.55 points The Standard & Poor’s 500 indexes increased by 6.12 points, or …

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• 1 September 2021 5:10 pm

  US Private Sector Employment rises by 374K in August

  

  Employment in the US’ private sector increased by 374,000 in August, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading followed July’s increase of 326,000 (revised from 330,000) and missed the market expectation of 613,000 by a wide margin.

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• 1 September 2021 4:48 pm

  Eurozone Unemployment Rate Fell as Expected in July

  

  The European statistics office Eurostat said on Wednesday that the unemployment rate in the eurozone fell as expected in July, with 350,000 people employed compared to the previous month. Eurostat reported that the unemployment rate in the 19 euro countries fell to 7.6% of the workforce, in line with analysts’ …

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• 1 September 2021 3:59 pm

  Reuters: Expectations That OPEC+ Will Stick to Its Policy Despite The High Demand For Oil

  

  Four sources told Reuters that OPEC and its allies will likely stick to their current policy of gradually increasing oil production, despite an upwardly revised demand forecast in 2022 and in the face of US pressure to raise production at a faster pace. The Organization of the Petroleum Exporting Countries …

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