Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 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, …

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• 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 …

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• 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 …

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• 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 …

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• 7 June 2021 12:26 pm

  Japan Shares Rise on US Jobs Data

  

  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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 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 …

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• 4 June 2021 9:02 pm

  Canada’s Ivey PMI Rises in May

  

  The Canadian seasonally adjusted Ivey Purchasing Managers’ Index (PMI) increased in May to 64.7 from 60.6 in April, data showed on Friday. The employment index leveled up to 67.0 from 58.0, while the inventories index rose to 65.3 from 59.4 in the previous month. The supplier deliveries index fell to …

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• 4 June 2021 7:21 pm

  U.S. Factory Orders Drop in April

  

  New U.S. factory orders declined by more than expected in April, falling by 0.6%, following a rise of 1.4% in March, amid the global shortage in semiconductors, data showed on Friday. On an annual basis, factory orders surged by 14.2%, according to the U.S. Department of Commerce. April’s reading of …

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