Open Demo Account

Market Analysis

June, 2021

  • 7 June 2021 4:54 pm

    G-7 Nations Reach Historic Deal on Global Tax Reform, What is it?

    G-7

    The Group of Seven developed nations agreed over the weekend to a minimum global corporate tax rate of at least 15% as part of a broader deal on how to tax multinational companies such as Amazon and Google. German Finance Minister Olaf Scholz described the deal as “historic.” “It is …

    Read More »
  • 7 June 2021 3:42 pm

    Gold Falls With The Rise of The Dollar And Attention Turns to US Inflation Data

    Gold fell today with the dollar slightly higher, as investors’ focus shifted to US inflation data due this week, which may give some indication of the extent to which the Federal Reserve will continue to refrain from reducing monetary support. The dollar rose 0.1%, making gold more expensive for holders …

    Read More »
  • 7 June 2021 3:06 pm

    Oil Retreats From Two-Year Peak Above $72 on Iran Supply Worries

    Oil fell on Monday, after hitting a two-year peak above $72, on pressure from a possible increase in Iran’s exports, but the recovery in demand and supply restrictions from OPEC + provided some support. Demand increases in the United States and Europe with the easing of restrictions related to COVID-19, …

    Read More »
  • 7 June 2021 2:26 pm

    Eurozone Sentix Investor Confidence Improves to 28.1 in June

    Eurozone’s investor sentiment continues to improve as a trend in June, the latest data published by the Sentix research group showed on Monday. The gauge rose to 28.1 in June from 21.0 in May vs. a reading of 26.0 expected. The index advanced for the fourth straight month on reopening …

    Read More »
  • 7 June 2021 1:53 pm

    European Shares Retreat From Record Highs on Commodities

    European shares slipped on Monday from all-time highs, with commodity stocks leading losses, as sentiment weighed after weaker-than-expected Chinese trade data and inflation concerns. Mining stocks fell more than 1% as copper prices fell after the below-expected Chinese export data raised fears of weak demand for the metal. Oil and …

    Read More »
  • 7 June 2021 1:17 pm

    An Unexpected Drop in German Industrial Orders in April

    Today’s data showed German industrial orders unexpectedly fell in April due to lower domestic demand, indicating that manufacturers in Europe’s largest economy are still affected by the closures aimed at containing the Coronavirus pandemic. Data published by the federal statistics offices showed that orders for industrial goods fell 0.2%, after …

    Read More »
  • 7 June 2021 12:26 pm

    Japan Shares Rise on US Jobs Data

    Japan

    Japanese shares closed higher on Monday after US jobs data eased fears of an early Federal Reserve policy easing, but strong profit-taking capped gains amid caution ahead of US inflation data this week. The Nikkei index rose 0.27% to 29,019.24 points, after it rose 1% earlier in the session, approaching …

    Read More »
  • 7 June 2021 6:49 am

    Weekly Recap: 31 May – 4 June

    In the first week of June, markets anticipated the jobs report in the United States, which came below expectations but still showed progress in the recovery from the coronavirus pandemic. The jobs report indicated that it would probably take more time than previously expected before the Federal Reserve begins changing …

    Read More »
  • 5 June 2021 3:05 am

    NYSE Finishes the Week with Gains Following Jobs Report

    The New York Stock Exchange (NYSE) closed higher on Friday on the back of positive expectations for economic recovery, despite the May jobs report coming below expectations. The Dow Jones Industrial Average added 179.35 points, or 0.52%, to close at 34,756.39 points. The S&P 500 rose by 37.04 points, or …

    Read More »
  • 5 June 2021 2:33 am

    Oil Futures Settle at Two-Year Highs

    Oil prices rose on Friday and ended the week at to their highest levels in about two years, supported by expectations for demand recovery during the second half of the year. Brent crude futures for August delivery rose by 58 cents, or 0.8%, to finish at $71.89 per barrel, rising …

    Read More »
  • 5 June 2021 2:20 am

    Gold Rebounds but Fails to Recover All Weekly Losses

    Gold prices finished higher on Friday, as the May jobs report in the United States came below expectations, which signaled that it would probably be more time before the Federal Reserve begins changing its current policies. The yellow metal futures for August delivery rose by $18.70, or 1%, to close …

    Read More »
  • 4 June 2021 11:28 pm

    Fed’s Powell: Climate Change Not Considered in Policy Setting

    The Chairman of the U.S. Federal Reserve, Jerome Powell, said on Friday that the central bank is not something that plays a major role in setting the central bank’s policy. “Today, climate change is not something that we directly consider in setting monetary policy.” “All of those things can affect …

    Read More »
  • 4 June 2021 10:11 pm

    U.S. Rig Count Declines First Time in Six Weeks

    The number of active rigs drilling for crude oil and natural gas in the United States declined for the first time in six weeks, data showed on Friday. A decline by a single rig led the total rig count to reach 456 this week, with oil rigs maintaining their level …

    Read More »
This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends