Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 1 March 2021 4:38 pm

  Reuters: OPEC Oil Output Falls 870,000 bpd in February

  

  According to a recently conducted Reuters survey, the Organization of the Petroleum Exporting Countries’ total oil output in February declined by 870,000 barrels per day (bpd), marking the first monthly decline in eight months. “OPEC oil output fall led by Saudi Arabia; Nigeria posted the biggest increase,” Reuters reported

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• 1 March 2021 3:57 pm

  UK Final Manufacturing PMI Beats Estimates in Feb

  

  The UK manufacturing sector activity expanded at a faster pace than expected in the month of February. Today’s survey showed that British factories recorded the slowest rate of production growth since May in February, as supply chain disruptions and rising costs linked to Britain’s withdrawal from the European Union and Covid-19 …

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• 1 March 2021 2:58 pm

  Oil Prices Jump After The US House of Representatives Approved a Huge Stimulus Package

  

  Oil prices rose more than a dollar today, Monday, after the US House of Representatives approved a massive stimulus package, but the slowdown in the growth of factory activities in China limited the gains. Brent crude futures for May delivery increased $ 1.24, equivalent to 1.9%, to $65.66 a barrel. …

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• 1 March 2021 2:05 pm

  European Stocks Recover as Bond Markets Stabilize

  

  European stocks rose today after heavy losses incurred last week in light of the decline in sales in the bond markets, as well as boosted sentiment optimism about vaccination campaigns to prevent Covid-19 and a US stimulus package. The pan-regional STOXX 600 index rose 1.6%, following strong gains for Asian …

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• 1 March 2021 1:20 pm

  The Japanese TOPIX Posted Largest Gain in 7 Months on Nasdaq Recovery

  

  The Japanese TOPIX index recorded the largest jump in seven months with the halt in US Treasury bond sales, which supported the Nasdaq index, which is full of technology stocks and led to the rise of shares of local chipmakers. The index jumped 2.04% to 1894.94 points, the biggest gain …

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• 1 March 2021 12:45 pm

  Gold Rises 1% on Dollar Weakness Amid US Stimulus

  

  Gold rose more than 1% on Monday, recovering from its lowest level in more than eight months touched in the previous session, as the dollar weakened while the United States approved a huge stimulus package worth 1.9 trillion dollars. Gold rose in the spot market 1% to $1750.24 an ounce, …

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• 1 March 2021 4:42 am

  Weekly Recap: 22-26 February

  

  Rising treasury yields continued to make the biggest effect on the market last week, amid expectations for a surge inflation due to the increased government stimulus and monetary easing policies. Treasury yields in the United States rose last week to their highest level in about a year, with the benchmark …

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February, 2021

• 27 February 2021 2:00 am

  Oil Prices Close Lower but Score Monthly Gains

  

  Oil prices declined on Friday, amid a rise by the U.S. Dollar (USD) and expectations for deciding on an increase in output during the upcoming OPEC+ summit. Brent crude futures for April delivery declined by 75 cents, or 1.1%, to close at $66.13 per barrel, while May futures plunged by …

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• 27 February 2021 1:23 am

  Gold Registers Worst Monthly Losses since 2016

  

  Gold prices declined on Friday, falling for the fourth consecutive session, extending their weekly and monthly losses amid a rise in treasury yields. The yellow metal futures for April delivery closed lower by $46.60, or 2.6%, at $1,728.80 per ounce, finishing at their lowest level since June 2020. For the …

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• 27 February 2021 12:48 am

  U.S. Oil Rigs Rise by Four in Week

  

  The number of active rigs drilling for oil in the United States increased by four to 309 this week, according to data by Baker Hughes released on Friday. Natural gas rigs rose by one rig, with the total rig count increasing by five to 402. Last week, oil rigs recorded …

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• 27 February 2021 12:42 am

  European Stocks End Week Lower Decreasing Monthly Rise

  

  European stocks closed lower on Friday, extending their weekly losses, amid a rise in treasury yields. The STOXX Europe 600 index declined by 1.72% to finish the week at 404.64 points, declining by 2.5% on a weekly basis. On the monthly level, the pan-European index gained 2.2%. The French CAC40 …

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• 26 February 2021 10:00 pm

  Unemployment in Brazil Continues to Decline

  

  The unemployment rate in Brazil declined by the end of 2020, reaching 13.9%, official data showed on Friday. More workers in Brazil are returning to the job market, as the economy recovers from the impact of the Coronavirus impact. Nevertheless, the average unemployment rate of last year reached the highest …

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• 26 February 2021 9:00 pm

  U.S. Retail Sales Expected to Grow by 6.5-8.2%

  

  The National Retail Federation (NRF) expects retail sales in the United States to grow by a rate of 6.5% to 8.2% this year, exceeding $4.33 trillion in volume. The expectation comes as the American economy is recovering from the impact of the Coronavirus pandemic, with the rollout of vaccines set …

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