Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 14 October 2021 11:04 pm

  Dow surges 500 points on strong earnings

  

  Wall Street’s main indexes rallied on Thursday, boosted by technology stocks and strong quarterly results from Bank of America and Walgreens, while better-than-expected economic data eased some concerns about higher inflation.At 12:08 p.m. ET, the Dow Jones Industrial Average was up 499.56 points, or 1.45%, at 34,877.37, the S&P 500 …

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• 14 October 2021 10:56 pm

  U. S. wholesale inflation surges to new record

  

  The inflationary uptrend in the United States is still dominating according to the Producer Price Index. The PPI surged 8.6 percent in September from the same period a year ago. That’s the biggest jump on records dating back to 2010.Producer prices rose only 0.5 percent in September. That was lower …

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• 14 October 2021 10:41 pm

  Global economy caught by storm

  

  Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …

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• 14 October 2021 10:01 pm

  Commodities most affected by high energy prices

  

  Energy prices have recorded multi-year highs, Capital Economics highlights the commodities most sensitive to these price fluctuations.The commodities that are likely to be most affected by the looming energy crisis are the industrial metals, agriculture, and the precious metals sector, Capital Economics commodities economist Edward Gardner said in a report.Historically, …

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• 14 October 2021 9:52 pm

  WTI oil consolidates above $80.00

  

  WTI futures capped at $81.61, and remain steady above $80.00. OPEC forecasts, US stocks weigh on oil prices.U. S. Oil prices consolidate between $79.45 and $81.60. Front-month WTI futures have been rejected at $81.61 session high earlier Thursday, and prices have retreated moderately during Thursday’s US trading session. Oil prices, …

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• 14 October 2021 9:45 pm

  U. S. labor shortage could stay longer

  

  The U.S. is missing around 4.3 million workers; a shortage many economists expect to last at least several more years Companies and businesses such are attempting to adjust. Scarce labor is becoming a constant reading of the U.S. economy, reshaping the workforce and prodding firms to adapt by raising wages, …

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• 14 October 2021 9:37 pm

  Two chip stocks do well amid shortage

  

  The global chip shortage rages on, and some predictions indicate supply and demand will not reach balance until 2023. For some chip stocks, though, the shortage of tech hardware and soaring prices hasn’t led to a windfall. Two stocks in the industry that have struggled this year are ACM Research …

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• 14 October 2021 9:30 pm

  Tesla Dominates 2021 American-Made Index

  

  Tesla has no fewer than four models in the top 10 list of most American-made cars on sale today, according to an annual automotive index measuring the amount of US-manufactured content in vehicles. The Kogod School of Business’ 2021 Made in America Auto Index lists the Tesla Model 3 in …

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• 14 October 2021 8:37 pm

  Local investors could steer the Turkish Lira’s destiny

  

  The Turkish lira is at its worst, as local investors could start to turn away from it, which would further its decline that has pushed the currency to consecutive record lows over the past month.So far, domestic investors have sold more than $5 billion of their foreign currency deposits in …

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• 14 October 2021 7:50 pm

  IEA: Energy crisis threatens global recovery

  

  A global energy crunch is expected to boost oil demand by 500,000 barrels per day and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency warned on Thursday.Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to …

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• 14 October 2021 7:35 pm

  Concerns on oil prices eased by EIA data

  

  Crude oil prices slid lower Thursday after the Energy Information Administration reported a crude oil inventory build of 6.1 million barrels for the week to October 8.Gasoline inventory builds have also failed to put a lid on prices at the pump in the past couple of weeks. For last week, …

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• 14 October 2021 7:04 pm

  Chinese coal price higher amid inflation

  

  Current coal prices have recorded 1,500 Yuan per tonne. Soaring energy prices sent producer prices to their highest in at least 25 years in September, rising by 10.7% from a year earlier according to official data released on Thursday and Cold winter weather is likely to push coal prices higher.Daily …

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• 14 October 2021 6:16 pm

  Market Drivers – European Session 14-10-2021

  

  During the European trading session today, the market held a similar tone to its trajectory yesterday, as stocks are recovering modestly after the setback that occurred in the trading stages this week. European indices maintained their gains, while US futures pointed to solid gains as bond yields continued to decline, …

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