Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 25 September 2020 6:08 pm

  Britain’s Public Borrowing Exceeds The Peak of The Financial Crisis

  

  Britain’s public borrowing increased again in August, reaching a new record high, driven by massive spending to combat the Coronavirus pandemic, with the budget deficit since the start of the current tax year surpassing its full-year peak during the global financial crisis. The government has now borrowed 173.7 billion pounds …

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• 25 September 2020 6:04 pm

  S&P 500 and Dow Continue Their Longest Losing Streak in a Year

  

  The S&P 500 Index and the Dow opened lower on Friday, continuing their longest losing streak in a year as concerns about the economy’s outlook for a future dominated by the Coronavirus remain, putting pressure on investor sentiment. The Dow Jones Industrial Average fell 120.93 points, or 0.45%, to 26,694.51 …

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• 25 September 2020 5:24 pm

  US: Durable Goods Orders Rise by 0.4% in August

  

  Durable Goods Orders in the United States expanded by 0.4%, or $1 billion, on a monthly basis to $232.8 billion in August following July’s increase of 11.7% (revised from 11.2%), the US Census Bureau reported on Friday. This reading missed the market expectation of +1.5%. “Excluding transportation, new orders increased …

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• 25 September 2020 5:22 pm

  High-risk Currencies Offset Some of Their Losses, And Dollar is Stable Below its Two-Month High

  

  The dollar settled below its recent two-month high, and riskier currencies erased some of their weekly losses, while stock markets received a boost from hopes of resuming talks on fiscal stimulus in the United States. The dollar is moving towards achieving its best weekly performance since early April, driven by …

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• 25 September 2020 3:39 pm

  ECB: Eurozone Companies Continue to Gain Credit as the Economy Reopens

  

  European Central Bank data showed that Eurozone companies continued to obtain bank credit in August, two months after most economies eased restrictions on economic activities aimed at controlling the Coronavirus pandemic. Corporate bank loans rose 7.1% year-on-year, extending a borrowing boom that began in March when large parts of the …

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• 25 September 2020 3:01 pm

  European Stocks Mixed Performance With The Increase in COVID-19 Cases

  

  Telecom companies pushed European shares up slightly, but the main indicators are heading towards a sharp weekly decline as the continent suffers a new wave of Covid-19 infections. The pan-European STOXX 600 index rose 0.2%, while telecom shares jumped 0.8%, topping the sectors’ gains. Shares in Spanish telecoms operator Massmoville …

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• 25 September 2020 1:58 pm

  Gold Rising as US Dollar’s Rally Receded

  

  Gold prices rose, as the dollar fell and hopes for more stimulus measures in the United States re-emerged, but the yellow metal is on the path to post its biggest weekly decline since August. Spot gold rose 0.3% to $ 1873.83 an ounce. But prices are down about 4% a …

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• 25 September 2020 12:51 pm

  Oil Heading For a Weekly Decline on Growing Concerns

  

  Oil prices have retreated, and are heading towards a weekly decline due to growing concerns that fuel demand will be affected by a new large-scale rise in cases of coronavirus, as well as some concern about a possible return of exports from Libya. Brent crude fell four cents to $ …

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• 25 September 2020 12:28 pm

  German Export Expectations Hit Highest Level Since October 2018

  

  IFO Institute said that optimism among German exporters, who have been affected by the Coronavirus crisis, reached its highest level in September since October 2018. IFO said its index of export expectations rose to 10.4 in September from 5.5. it said more companies in the chemical and electrical equipment sectors …

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• 25 September 2020 11:40 am

  Japan Shares Closing Higher And Awaits More US Stimulus

  

  Japanese stocks rose, tracking the rally in Wall Street yesterday, as hopes for more US stimulus overtook some concerns about the strength of the global economy. The Nikkei index closed up 0.51% at 23,204.62 points. The broader TOPIX index gained 0.48% to 1634.23. But for the week, the benchmark fell …

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• 25 September 2020 10:50 am

  Powell Warns of Delay in Reaching an Additional Stimulus Package

  

  Federal Reserve Chairman Jerome Powell has warned that failure to provide more government aid to families threatens a wave of mortgage defaults and evictions of Americans from their homes. During his testimony before the Senate Banking Committee, Powell said that American household spending currently may depend on the use of …

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• 25 September 2020 12:42 am

  NYSE Closes in Modest Gains

  

  The New York Stock Exchange (NYSE) closed higher on Thursday, despite uncertainties about the rising number of COVID-19 cases. The Dow Jones Industrial Average Index   gained 52.31, or 0.20%, to close at 26,815.44 points. S&P 500 increased by 9.67, or 0.30%, and finished at the level of 3,246.59 points. Meanwhile, …

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• 25 September 2020 12:30 am

  Oil Maintains Rising Rally on Inventories Draw

  

  Oil prices closed higher on Thursday, following a decline in US crude inventories, as shown by recent data. Brent futures for November delivery increased by 17 cents, or 0.4%, and finished at $41.94 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for November delivery settled higher by 38 cents, …

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