Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2021

• 25 June 2021 4:38 pm

  US Annual Core PCE Inflation Rises to 3.4% in May

  

  Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, was 0.4% in May, the US Bureau of Economic Analysis reported on Friday. On a yearly basis, the PCE Price Index edged higher to 3.9% from 3.6%, compared to analysts’ estimate of 4%. Stock market futures …

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• 25 June 2021 4:24 pm

  ECB: Eurozone Will Recover Faster Than Expected, But Support is Still Needed

  

  European Central Bank President Christine Lagarde told European Union leaders that the Eurozone is recovering faster than previously expected, but still needs continued fiscal and monetary support so that the coronavirus pandemic does not leave a permanent scar. “Continued support of fiscal and monetary policy will be needed to avoid …

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• 25 June 2021 3:24 pm

  The Dollar is Worried Before Inflation Data

  

  The dollar retracted in Asia Friday, June 25 as a deal on infrastructure spending in the US boosted appetite for riskier currencies, but the cautious mood ahead of key US inflation data kept losses to a minimum. The risk-sensitive Australian and New Zealand dollars rose slightly, while the euro gained …

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• 25 June 2021 2:23 pm

  The US Food And Drug Administration Approves Actemra to Treat Corona in Hospitals

  

  The US Food and Drug Administration said it has authorized emergency use of Actemra to treat adult and pediatric COVID-19 patients in hospitals, and an emergency use authorization has been issued to Genentech, a unit of Roche Holdings Inc. The Food and Drug Administration said the drug could be used …

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• 25 June 2021 1:44 pm

  German Consumer Sentiment Rises More Than Expected

  

  A survey showed that German consumer sentiment improved more than expected as July approached as consumers became more optimistic and wanted to buy after Europe’s largest economy lifted public isolation measures amid a significant drop in coronavirus infections. The GFK institute said its consumer sentiment index, based on a survey …

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• 25 June 2021 1:05 pm

  European Shares Near a Record High

  

  European shares approached record highs Friday, June 25, as construction-related shares tracked a jump on Wall Street on the back of a bill on infrastructure spending, while Credit Suisse rose after Reuters reported that the bank is considering a possible merger with UBS. Shares of the scandal-hit Swiss bank surged …

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• 25 June 2021 12:32 pm

  Japan Shares Rise at The End of The Week, Tracking The Strong Closing of Wall Street

  

  Japanese stocks closed higher on Friday, June 25, as cyclical and technology-related stocks followed the strong shutdown of Wall Street, but gains were capped by concerns about the country’s economic recovery as well as a cautious outlook for US stocks. The benchmark Nikkei index rose 0.66% to 29,066.18 points, while …

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• 25 June 2021 4:44 am

  Biden: We Have a Deal on Infrastructure

  

  U.S. President Joe Biden announced that a bipartisan deal has been reached on the infrastructure plan with a vote on the draft bill expected this summer. The five-year mega plan includes huge government spending and investments of about $1 trillion, with the aim of revitalizing the job market, and overhaul …

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• 25 June 2021 1:25 am

  Wall Street Scores Gains on Biden’s Infrastructure Plan

  

  The main indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with Wall Street investors optimistic about the recent agreement on a new infrastructure plan promising increased work for a number of listed companies. The Dow Jones Industrial Average closed at 34,196.82, rising by 322.58 points, or …

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• 24 June 2021 11:35 pm

  Natural Gas Futures Log Biggest Rise in Two Weeks

  

  Natural gas futures on the New York Mercantile Exchange (NYMEX) registered on Thursday its largest rise in about two weeks, maintaining an upward trend for three consecutive sessions, amid expectations for a recovery in the global energy demand. July futures gained 8.50 cents, or 2.55%, to settle at $3.4180 per …

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• 24 June 2021 11:18 pm

  Oil Closes Higher with Brent Above $75.5 a Barrel

  

  Oil prices finished higher on Thursday, as markets anticipate the upcoming OPEC+ meeting that comes amid a surge in prices due to expectations for stronger demand during the second half of the year, as the global economy is recovering from the coronavirus crisis. Brent crude futures for August delivery rose …

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• 24 June 2021 10:45 pm

  European Stocks Close Higher

  

  European stocks closed higher on Thursday, as positive economic data provided support for expectations for recovery from the negative impacts of the pandemic. The STOXX Europe 600 index rose by 3.94 points, or 0.87%, to close at 457.04 points. The pan-European index rose for three out of the last our …

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• 24 June 2021 9:24 pm

  Gold Closes Lower Following U.S. GDP Data

  

  Gold prices declined on Thursday, as the U.S. Dollar (USD) rebounded against major currencies, following the release of positive economic data. Positive data also led to improved expectations for economic recovery, reducing demand for safe haven investments. Gold futures for August delivery fell by $6.70, or 0.38%, to finish at …

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