Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 31 December 2020 6:05 pm

  US: Weekly Initial Jobless Claims Decline to 787K

  

  There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.

  Read More »
• 31 December 2020 5:32 pm

  EU Commission Regrets US Decision to Extend Tariffs on EU products

  

  The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted

  Read More »
• 31 December 2020 5:29 pm

  British Defense Minister: Army is Ready to Distribute 100,000 Doses of Vaccine Daily

  

  British Defense Minister Ben Wallace said that the armed forces can distribute 100,000 doses of the vaccine against Covid-19 disease if required, which helps immunize millions of people threatened with infection before spring arrives. He added that he assigned 130 military planners and personnel to cooperate with the health authorities …

  Read More »
• 31 December 2020 3:46 pm

  The US Imposes Duties on Some European Goods on a Dispute With EU

  

  The US government has said it will raise tariffs on certain EU products, including aircraft components and wine from France and Germany, at the latest turning point in a 16-year-old dispute over aircraft support between Washington and Brussels. In a statement, the US Trade Representative’s office said it was adding …

  Read More »
• 31 December 2020 2:43 pm

  European Stocks Declining And Heading to Close 2020 With Losses

  

  European stocks fell Thursday, Dec. 31, as investors settle positions on the last day of trading this year while sentiment weakens due to widespread lockdown measures in Britain and news that the United States has raised tariffs on some EU products. Trading volumes are thin, in light of the absence …

  Read More »
• 31 December 2020 2:01 pm

  Oil on track to Decline 20% in 2020 Due to Isolation And Market Eyes on Further Stimulus

  

  Global crude oil markets lost about a fifth of their value in 2020, as strict lockdown measures to combat the Coronavirus have crippled most of the global economy, but prices have rebounded strongly from their low levels as governments provide a stimulus. On Thursday, the last trading day in 2020, …

  Read More »
• 31 December 2020 1:19 pm

  Gold Prices Are on Track to Achieve Best Annual Performance in 10 Years

  

  Gold prices, on Thursday, December 31, seem to be heading to achieve the best annual performance since 2010, even at a time when the yellow metal is under pressure due to the weak prospects of providing greater financial aid in order to stimulate the US economy and the recovery of …

  Read More »
• 31 December 2020 12:35 pm

  Turkey’s Trade Deficit Rises to $5 Billion in November

  

  Data from the Turkish Statistics Institute showed that the country’s external trade deficit rose 153.5% year on year in November to $5.033 billion according to the general trade system. The institute said that Turkey’s exports fell 0.9% and imports rose 15.9% compared to November 2019. In the first eleven months …

  Read More »
• 31 December 2020 12:34 pm

  Asian Shares Mixed as Turbulent Year Ends

  

  Asian stocks swung between gains and losses during the early hours of the last trading day of 2020. While Chinese stocks benefit from improved Manfuctring activity numbers in December and coronavirus vaccine news. The MSCI Asia Pacific Index of stocks outside Japan rose 0.43%. The Australian ASX 200 is down …

  Read More »
• 31 December 2020 12:24 pm

  Gasoline Prices in The US Hit a 9-month High as Refiners Continue to Cut Production

  

  Gasoline prices in the United States hit a nine-month high, as drivers take to the roads in the holiday season, crude oil prices continue to rise and refiners continue to reduce fuel production due to weak profit margins. According to the American Automobile Federation, gasoline prices at gas stations exceeded …

  Read More »
• 31 December 2020 12:21 pm

  Chinese Manufacturing PMI Fell to 51.9 in December

  

  The manufacturing PMI fell to 51.9 in December from 52.1 last November. The Chinese economy is expected to expand about 2% for the full year at the weakest pace in more than three decades. The official PMI showed that the new export orders sub-index stood at 51.3 in December, down …

  Read More »
• 31 December 2020 12:15 pm

  Oil Prices Rise on Drop in US Crude Inventories

  

  Oil prices rose on Wednesday, supported by a larger-than-expected drop in crude stocks in the United States and Britain’s approval of a second anti-Corona virus vaccine, but it is under pressure from dwindling hopes for a strong recovery in demand. Brent crude futures, the global benchmark, ended the trading session …

  Read More »
• 31 December 2020 12:12 pm

  Wall Street Closed Higher on Hopes of Economic Recovery

  

  US stocks rallied on Wednesday as investors looked for improved economic prospects in 2021 following the distribution of vaccines to prevent Covid-19 disease and hopes for more financial support. The Dow Jones Industrial Average ended the trading session on Wall Street, up 73.89 points, or 0.24%, to 30,409.56 points, while …

  Read More »