Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2021

• 20 October 2021 3:58 am

  Market Drivers – U. S. Session 19-10-2021

  

  U. S. stocks continue to rise despite the below-expected economic data concerning the housing sector, one of the most important economic sectors in the United States. Stocks’ surge is mainly due to the positive earnings reports posted by several companies including Netflix as the latest announced earnings posted on Tuesday. …

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• 20 October 2021 3:20 am

  Q3 Earnings surge, signaling significant market improvement

  

  Earnings of major banks and companies have tended to decide both the market status and sentiment since mid-October, as dozens of companies either already reported of will report their financial statements next week and through early November.NetflixIn a solid beat, Netflix shares were on the uptrend after the bell on …

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• 20 October 2021 1:07 am

  Were semiconductor stocks earnings impacted by supply complications?

  

  Semiconductor stocks have been rallying most of this year and hit new hikes. The pandemic has bolstered demand for chips by leaps and bounds, leading to the worst global shortage in many years.iShares Semiconductor and Vectors Semiconductor have benefited from the crisis and reaped gains of about 4% over the …

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• 19 October 2021 11:42 pm

  Treasury yields struck highest level since June

  

  U.S. Treasury yields jumped on Tuesday. Today’s session has pushed the 10 year Treasury note back to its highest level since June.The 10-year U.S. Treasury yield rose, surpassing the 1.6% level. The yield on the benchmark note added 5.7 basis points at 1.641% level. Yields on 30-year Treasury bonds also …

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• 19 October 2021 11:05 pm

  Research Paper: Biden’s stimulus plan fuels inflation

  

  U. S. President Joe Biden’s $1.9 trillion American Rescue Plan contributes to high inflation but it isn’t expected to overheat the economy, a new research paper from the San Francisco Federal Reserve concludes. The package signed into law in March included stimulus checks, enhanced unemployment benefits, small business loans, aid …

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• 19 October 2021 9:58 pm

  Fed official: Inflation lasting longer than expected

  

  Federal Reserve Governor Michelle Bowman said on Tuesday that the US may see inflation lasting longer than expected a few months ago.Bowman did not comment on her outlook for monetary policy in remarks prepared for a virtual event hosted by the Richmond Fed.However, she noted the obstacles making it difficult …

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• 19 October 2021 9:40 pm

  Wall Street surges as earnings stir risk appetite

  

  U. .S. stock indexes surged on Tuesday over positive results from several companies. Earnings have stirred up risk appetite, after big banks had announced third quarter positive earnings last week.The S&P 500 index is now 0.7% away from a record high hit last September, while investors hope that a flow …

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• 19 October 2021 9:23 pm

  Crude oil higher after data driven pressure

  

  Oil prices were little changed on Tuesday, with West Texas Intermediate, the U.S. benchmark, hovering around $81.60 a barrel. Oil futures are at seven-year highs and are up 70 percent this year amid a global energy crunch that is pushing prices higher for other commodities.Following a mixed session Monday triggered …

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• 19 October 2021 8:05 pm

  NYSE: First Bitcoin Futures ETF rises 2%

  

  Shares of the first U.S. bitcoin-linked fund rose slightly on their first trading appearance on Tuesday.The ProShares Bitcoin Strategy ETF, ticker ‘BITO,’ jumped 3% when trading began and last traded 2.3% higher at $40.94. The fund tracks CME bitcoin long awaited futures, or contracts speculating on the future price of …

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• 19 October 2021 7:27 pm

  Lane: Markets haven’t fully absorbed forward guidance

  

  ECB chief economist Philip Lane said on Tuesday that it is challenging to reconcile the market rate pricing with forward guidance.According to Lane, market expectations for future interest rates do not square with the European Central Bank’s guidance for no hike until inflation is seen stably at 2%.“When you look …

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• 19 October 2021 5:58 pm

  Market Drivers – European Session 19-10-2021

  

  Today’s trading was quiet, except for the release of the Australian Reserve meeting minute early this morning, which had a slight impact on the risk appetite in the markets. The safe-haven dollar fell on Tuesday to its lowest level in three weeks against other major currencies amid an improvement in …

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• 19 October 2021 5:45 pm

  US: Housing Starts Decline in September

  

  Housing Starts in the US declined by 1.6% on a monthly basis in September after rising by 1.2% in August, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development revealed on Tuesday. The Building Permits, which rose by 5.6% in August, …

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• 19 October 2021 4:49 pm

  OECD: The World Will Face Enormous Financial Difficulties in The Coming Decades

  

  In its latest policy papers, the Organization for Economic Co-operation and Development (OECD) warned that the world will likely face massive financial difficulties in the coming decades, worse than the ballooning public debt seen during the COVID-19 pandemic. According to the long-term scenario, the slowdown in large emerging economies, demographic …

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