Noor Trends News, Technical Analysis, Educational Tools and Recommendations

May, 2021

• 4 May 2021 3:22 am

  Fed Officials Point to Progress in Economic Recovery

  

  The Chairman of the United States Federal Reserve, Jerome Powell, said on Monday that the U.S. economy is improving but still on the way to fully recover from the coronavirus pandemic. “We are not out of the woods yet, but I am glad to say that we are now making …

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• 4 May 2021 1:02 am

  Wall Street Finishes Mostly Higher

  

  The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, as Wall Street investors looked at recent economic data that suggested the manufacturing sector, as an indicator for the economy, continue to expand but at a slow pace due to supply chain challenges. The Dow …

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• 3 May 2021 10:56 pm

  Oil Futures Rise on Positive Demand Expectations

  

  Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India. Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil …

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• 3 May 2021 10:09 pm

  Gold Futures Close Higher as USD and Treasury Yields Decline

  

  Gold prices rose on Monday after four consecutive declines, on the back of the U.S. Dollar’s (USD) decline and an improved demand for safe haven assets, as Treasury bond yields retreated. Gold futures for June delivery gained $24.10, or 1.4%, to close at $1,791.80 per ounce. This marked the highest …

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• 3 May 2021 9:30 pm

  European Stocks Finish Higher on Recovery Signs

  

  European stocks opened the week with a positive performance, closing higher on Monday, supported by an improved investors’ sentiment as regulators plan to ease restrictions on travel as the coronavirus become more contained in the continent. Positive economic data and earnings reports also provided support to the market amid recovery …

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• 3 May 2021 7:27 pm

  U.S. Construction Spending Rises in March

  

  Spending on construction projects in the United States increased in March but the increase came below market expectations, official data showed. U.S. construction spending increased by 0.2% in March to reach a seasonally adjusted annual rate of $1.51 trillion, according to data by the U.S. Department of Commerce released on …

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• 3 May 2021 7:21 pm

  Canada Manufacturing PMI Declines in April

  

  The headline Canada Manufacturing Purchasing Managers’ Index (PMI) registered a seasonally adjusted reading of 57.2 in April, down from 58.5 in March. The reading signals the third-strongest growth in operating conditions on record, according to IHS Markit’s report released on Monday. “April data signaled another robust overall expansion in operating …

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• 3 May 2021 7:09 pm

  U.S. Manufacturing PMI Slows in April

  

  The manufacturing sector in the United States continued to expand but at a slower pace during April compared with the previous month, data showed on Monday. The manufacturing purchasing managers’ index (PMI) declined to 60.7 last month from a record high of 64.7 in March, according to the Institute for …

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• 3 May 2021 5:30 pm

  Wall Street Opens Higher amid Recovery Signs

  

  The New York Stock Exchange (NYSE) opened the first week of May on a positive note, after recording losses last week. Wall Street investors are expecting a rebound from the negative impacts of the Coronavirus pandemic, and optimistic about large listed companies and corporations achieving positive results. The Dow Jones …

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• 3 May 2021 4:02 pm

  President of German Hospital Federation: Indications of The Decline in Number of Coronavirus Cases in Germany

  

  The head of the German Hospital Association, Gerald Gass, told the widespread newspaper Bild that the stability of the number of new cases of Covid-19 in Germany raises hopes that the burden will not be increased on intensive care units. “We are looking for the numbers of new cases to …

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• 3 May 2021 3:28 pm

  Dollar Holds onto Its Gains as Investors Await US Data, Hoping For Indications on Policy

  

  Today, Monday, the dollar clung to its recent rally, as investors were cautious at the start of a week full of central bank meetings and important US economic data to elicit indications of global inflation outlook and the reactions of policymakers. Trading was limited due to a holiday in both …

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• 3 May 2021 2:36 pm

  EU Proposes to Ease Restrictions on Non-essential Travel For Vaccinated

  

  The European Commission proposed that Member States ease the current restrictions on non-essential travel into the block for those who have been vaccinated. The travel ban has been in place for over a year amid the continuous surge in COVID-19 cases. The announcement raised prospects for the gradual reopening of …

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• 3 May 2021 2:27 pm

  Reuters: Liquefied Natural Gas Shipments Diverted From India as The Pace of Coronavirus Cases Accelerates

  

  Commercial and shipping sources said today that LNG shipments are being diverted away from ports in India, as the acceleration of coronavirus infections there undermines domestic demand for gas, according to Reuters. Last week, at least four LNG shipments from India were diverted to other locations in Asia instead, the …

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