Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 13 April 2021 1:58 pm

  Oil Rising Supported by Strong Chinese Data

  

  Oil prices rose on Tuesday, April 13th, as data from China showed an increase in the growth of imports of the second-largest consumer of oil in the world. Brent crude futures were up 31 cents, equivalent to 0.5%, to $63.59 a barrel, while U.S. crude futures increased 28 cents, or …

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• 13 April 2021 1:35 pm

  Gold Settled as Market Awaits The US Inflation Data

  

  Gold prices stabilized on Tuesday, April 13th, as participants in market operations continued to refrain from trading ahead of the release of inflation data in the United States, which is expected to shed more light on the recovery in the world’s largest economies. Gold was little changed in spot transactions …

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• 13 April 2021 1:15 pm

  European Stocks Close to a Record High And All Eyes on US Inflation Data

  

  European stocks hovered just below their all-time high on Tuesday, April 13th, as strong export data from China boosted optimism about a faster global economic recovery, while investor interest shifted towards important US inflation data to be released later today. The European Stoxx600 index was up 0.1%, after hitting an …

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• 13 April 2021 12:51 pm

  Reuters: China’s Trade Surplus With The United States Fell to $21.37B in March

  

  Reuters calculations based on Chinese customs data concluded that China’s trade surplus with the United States reached $ 21.37 billion in March, down from $ 23.01 billion in February. US President Joe Biden said last month that his country does not seek a confrontation with China regarding disputes over trade, …

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• 13 April 2021 12:48 pm

  Britain’s Economy Grew 0.4% MoM in February

  

  Official data showed that Britain’s economy expanded 0.4% month over month in February. Economists had forecast a monthly growth of 0.6% in a Reuters poll.

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• 13 April 2021 12:47 pm

  Glass And Retailers Lift The Nikkei After Positive Results

  

  Japanese stocks rose on Tuesday, April 13th, led by gains in shares of glass products companies and retail stores, after recording strong results, but fears of an increase in local Coronavirus infections hit travel-related stocks. The Nikkei index rose 0.72% to 29751.61, settling above a major support level from the …

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• 13 April 2021 5:29 am

  What Did Jerome Powell Say in his 60 Minutes Interview?

  

  The Chairman of the United States Federal Reserve, Jerome Powell, said that the U.S. economy is in a stage that he described as an inflection point, promising improved economic growth and job creation. “What we’re seeing now is really an economy that seems to be much at an inflection point. …

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• 13 April 2021 3:00 am

  Wall Street Closes in Decline

  

  The main indices of the New York Stock Exchange (NYSE) finished lower on Monday, starting the week with a negative performance as Wall Street investors turn to their focus to the upcoming earnings reports from listed companies. The Dow Jones Industrial Average closed lower by 55.20 points, or 0.16%, at …

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• 13 April 2021 1:00 am

  Oil Closes Higher On Recovery Hopes

  

  Oil prices rose on Monday, amid optimism about the prospects of the recovery of economic growth and the global demand for energy. Brent crude futures for June delivery increased by 33 cents, or 0.52%, to finish at $63.28 per barrel. Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures gained …

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• 13 April 2021 12:00 am

  Gold Settles at Lowest Level in Week

  

  Gold prices declined on Monday, opening the week with a negative performance amid a rise by the U.S. Dollar (USD) and Treasury bond yields. Gold futures for June dropped by $12.10, or 0.7%, to finish at $1,732.70 per ounce. This is the lowest closing level for the yellow metal most …

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• 12 April 2021 11:03 pm

  U.S. Budget Deficit Hits New Record High

  

  The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

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• 12 April 2021 10:56 pm

  Fed’s Rosengren Sees Way for Strong Recovery in 2021

  

  President of the Federal Reserve Bank of Boston, Eric Rosengren, said on Monday that the United States economy could recover strongly this year due to the Fed’s policies and the increased government stimulus. “With labor-market slack still significant, and inflation still below the Federal Reserve’s 2% target, my perspective is …

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• 12 April 2021 9:13 pm

  European Stocks Close Lower for Profit Making

  

  European stocks declined on Monday, after a recent rally brought it to its all-time highs, amid profit making and losses by the technology sectors and major indices. The STOXX Europe 600 index fell by 0.4%, as the technology sector lost 1.3% to lead the market losses. The French CAC40 index …

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