Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 14 April 2021 2:06 pm

  EU Commission Unveils Plan to Raise up to EUR800 Billion to Fund The Recovery

  

  The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058. “EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.” “Borrowing to …

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• 14 April 2021 2:05 pm

  Eurozone Industrial Production Drops by 1% in February

  

  Eurozone’s Industrial Production in Germany showed a lesser-than-expected decrease in February, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is far from gaining traction. The industrial output in the bloc arrived at -1.0% MoM vs. a 1.1% drop expected and 0.8% …

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• 14 April 2021 1:14 pm

  European Parliament Postpones a Decision on a Final Vote on a Trade Agreement With Britain

  

  The European Parliament gave the green light Tuesday (April 13th) to the two main committees to vote this week on a trade pact between the European Union and the United Kingdom, but postponed a decision on whether the full parliament will give its approval later this month. The European Parliament …

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• 14 April 2021 1:12 pm

  SAP and LVMH Earnings Push European Stocks Higher

  

  European stocks rose on Wednesday, as positive business results for German software company SAP and French luxury goods maker LVMH offset fears of a possible setback for the COVID-19 vaccination program on the continent. The European Stoxx600 index rose 0.1%, with shares of the technology and personal and household goods …

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• 14 April 2021 12:29 pm

  Oil Continues to Rising But Virus Fears Dampen Gains

  

  Crude oil rose on Wednesday, April 14, after data in the sector showed that US inventories fell more than expected, while OPEC raised expectations for crude demand, but concerns about the Coronavirus and increasing supplies curbed the gains. Brent crude futures rose 85 cents, equivalent to 1.3%, to $64.52 a …

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• 14 April 2021 12:28 pm

  Gold Stabilizing After an Early Increase as Rising US Bond Yields Offset Falling Dollar

  

  Gold prices stabilized after a rally in early trading on Wednesday, April 14th, as some increase in US Treasury yields offset the fall of the US dollar due to rising inflation. Gold settled in spot transactions at $1743.54 an ounce, after rising by as much as 0.3%. US gold futures …

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• 14 April 2021 1:57 am

  Stocks Close Mixed Following Inflation Data

  

  The New York Stock Exchange (NYSE) closed Tuesday on a mixed note, following the release of the March reading of the U.S. inflation rate, which led to a rise in technology stocks. Treasury bond yields declined, with the benchmark 10-year U.S. Treasury bond yield falling by 5.6 basis points to …

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• 14 April 2021 1:24 am

  Oil Gains on Outlook Recovery Expectations

  

  Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …

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• 13 April 2021 11:18 pm

  Gold Rises for First Time in Three Sessions

  

  Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …

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• 13 April 2021 11:00 pm

  European Stocks Return to Gains Approaching Record Highs

  

  European stocks closed higher on Tuesday, near their all-time highs, amid anticipation for major economic data and earnings reports. The STOXX Europe 600 index gained 0.13% to finish at 435.80 points. Retail stocks led the gains, adding 1.6%, while the banking sector topped the losses and fell by 0.6%. The …

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• 13 April 2021 7:36 pm

  Wall Street Mixed Following Inflation Data and Vaccine News

  

  The New York Stock Exchange (NYSE) is showing a mixed performance on Tuesday, following the release of inflation data for March and halting the distribution of the Johnson & Johnson coronavirus single-dose vaccine. The Dow Jones Industrial Average gave up a record high ad decline by around 0.26% to 33,660 …

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• 13 April 2021 6:02 pm

  U.S. to Halt Johnson & Johnson’s vaccine

  

  Health authorities in the United States on Tuesday recommended stopping the use of the Johnson & Johnson’s coronavirus vaccine, Reuters reported. Hopes were high for the single-dose vaccine, however, it was recently reported that six females under the age of 50 years developed rare blood clots after receiving the shot. …

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• 13 April 2021 5:32 pm

  Dollar Drops Following Inflation Data

  

  The U.S. Dollar (USD) turned to the negative side on Tuesday, following the release of the consumer price index (CPI) March reading. The CPI increased by more than expected last month, rising by 0.6% on a monthly basis and by 2.6% on an annual level. A surge in gasoline prices …

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