Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 7 September 2021 4:12 am

  Goldman Sachs Planning IPO in London

  

  Goldman Sachs is planning to list its alternative asset management arm, Petershill Partners, on the London Stock Exchange (LSE). The investment bank announced on Monday that would raise at least $750 million in the IPO. Media reports pointed to plans targeting $5 billion, according to Dow Jones. Petershill Partners and …

  Read More »
• 7 September 2021 4:07 am

  U.S. Stock Futures Show Wall Street on Track for Another Rise

  

  The New York Stock Exchange (NYSE) could be rising to new record highs, as evident by today’s rise of the U.S. stock futures on Monday, with the futures on the S&P 500 rising by 0.3%. In addition, most stock markets performed positively today, signaling that Wall Street might be up …

  Read More »
• 6 September 2021 10:46 pm

  U.S. Markets Shut Down for Labor Day

  

  Markets across the United States are closed today in celebration of Labor Day. The long weekend, observed on the first Monday in September, celebrates workers and the labor movement in the U.S. The first Labor Day was celebrated in the U.S. back in 1882 in New York. Nearly two decades …

  Read More »
• 6 September 2021 10:37 pm

  European Stocks Begin Week with Positive Performance

  

  European stocks rose on Monday, opening the week with a positive performance after registering their best monthly performance since May last month. The STOXX Europe 600 index added 3.26 points or 0.69% today to close at 475.19 points, logging its second-highest closing level of all time. France’s CAC40 index finished …

  Read More »
• 6 September 2021 3:51 pm

  Reuters: Bank of Canada Expected to Raise Rates to in Q4

  

  All 34 economists that took part in a recently conducted Reuters poll said that they expect the Bank of Canada to leave its policy rate unchanged at the September 8 meeting. Further details of the survey revealed that the median view was for the BoC to raise its policy rate …

  Read More »
• 6 September 2021 2:46 pm

  Currencies Overview: The US Dollar Recovers From Its Losses

  The dollar rose in early European trade on Monday, but remained near a one-month low, as Friday’s disappointing jobs report dampened expectations of an early tapering. At 9:04 am GMT, the DXY dollar index, which measures the greenback against a basket of six other currencies, rose 0.15% to 92.25 points, …

  Read More »
• 6 September 2021 1:25 pm

  Eurozone Investor Sentiment Deteriorates in September

  

  Monday’s survey revealed that investor sentiment in the eurozone fell further in September, driven by another sharp drop in expectations on concerns that new COVID-19 restrictions may slow business activities. The Sentix index for the eurozone fell to 19.6 points from 22.2 points in August. This is the lowest reading …

  Read More »
• 6 September 2021 12:26 pm

  Gold Rises Near a Two-And-Half Month High

  

  Gold prices rose on Monday, hovering around a two-and-a-half-month peak after disappointing US jobs data raised hopes that the Federal Reserve may wait a little longer to scale back its stimulus measures. Gold spot transactions 0.1 percent to $ 1827.82 an ounce. In the previous session, prices rose to their …

  Read More »
• 6 September 2021 11:57 am

  Nikkei Rises 1.28% at The Beginning of Trading in Tokyo

  

  The Nikkei average rose in early trading on the Tokyo Stock Exchange on Monday. The Nikkei rose 1.28% to 2,9501.22 points, while the broader Topix index rose 0.93% to 2034.22 points.

  Read More »
• 6 September 2021 11:11 am

  A Sudden Rise in Industrial Orders in Germany in July to The Highest Level Since The Start of Data Collection

  

  Official data showed a surprising growth in industrial orders in Germany in July, to the highest level since the start of data collection in 1991, indicating a strong start to the second half of the year in Europe’s largest economy. The data published by the Federal Statistics Office revealed that …

  Read More »
• 6 September 2021 10:29 am

  Oil Continues to Decline After Large Cuts in Saudi Crude Oil Prices to Asia

  

  Oil prices extended their decline on Monday after Saudi Arabia, the world’s largest exporter, cut crude prices for Asia at the weekend, indicating a good supply in global markets. Brent crude futures for November fell 57 cents, or 0.8%, to $72.04 a barrel by 01:01 GMT, while US West Texas …

  Read More »
• 6 September 2021 3:47 am

  Weekly Recap: 29 Aug – 3 Sept

  

  The Non-Farm Payrolls report was the highlight of last week. Friday’s US Non-Farm Payrolls report disappointed with only 235,000 jobs recorded in August vs. 750,000 expected. The average hourly earnings index indicated an improvement by 4.3% compared to 4.1% on an annual basis and 0.6% compared to 0.4% MoM. The …

  Read More »
• 4 September 2021 3:25 am

  Data Shows Fed U.S. Far Away from Full Employment!

  

  The unemployment rate in the United States declined in August to 5.2%, in line with market expectations, reaching its lowest level since the beginning of the coronavirus pandemic in March 2020. But the data also showed a much less than expected increase in nonfarm payrolls, with an increase of 235,000. …

  Read More »