Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 7 September 2020 10:32 pm

  Wall Street Awaits Another Tech Bubble

  

  The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …

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• 7 September 2020 9:45 pm

  Italian Competition Authority Investigates Google, Apple

  

  Competition authorities in Italy are investigating the cloud storage services run by Apple, Dropbox, and Google, CNBC reported. The Italian Competition and Market Authority has reportedly launched a total of six investigations into Google Drive, the iCloud and DropBox, after several complaints for unfair practices. The complaints involve how the …

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• 7 September 2020 8:28 pm

  European Stocks Finish with Strong Gains

  

  The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …

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• 7 September 2020 7:01 pm

  DXY Maintains Rising Trend

  

  The Dollar Index (DXY) is maintaining its recent rising trend on Monday, with the US Dollar (USD) showing a strong performance across the board. The DXY, which measures the performance of the USD against a basket of six major international currencies, is up by 0.25% for the day at 92.95, …

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• 7 September 2020 5:51 pm

  Britain Plans to Pass Legislation Beyond Parts of The Brexit Deal

  

  The Financial Times reported that the British government plans to pass new legislation that overrides key parts of the Brexit deal to withdraw from the European Union, which threatens to break down negotiations with Brussels. Citing three sources familiar with the plan, the newspaper said that provisions in the internal …

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• 7 September 2020 5:38 pm

  Gold Falls With The Rise of US Dollar, Eyes on Central Banks

  

  Gold fell on Monday, September 7th with the dollar achieving gains, but economic uncertainty prevented it from falling further as investors awaited developments from central banks. The gold spot fell 0.1% to 1929.87 dollars an ounce by 12:28 GMT. Gold rose in US futures trading 0.1% to 1935.10 dollars an …

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• 7 September 2020 5:24 pm

  Eurozone Bond Yields Rise

  

  Bond yields in the Eurozone rose during trading on Monday, on signs of an improvement in the global economy, as countries deal with increasing borrowing requirements to help finance the response to the Covid-19 crisis. The data showed that China’s exports rose the most in nearly a year and a …

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• 7 September 2020 3:30 pm

  Eurozone Investor Sentiment Improved For The Fifth Month in September

  

  A survey showed that investor sentiment in the Eurozone rose for the fifth month in a row in September to the highest level since February, giving hope that the recovery from the Coronavirus is still on its way. Sentix Eurozone index improved to -8 from -13.4 in August, and compared …

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• 7 September 2020 2:31 pm

  IFO: German Industrial Sector Expects a Slight Growth in Output in coming months

  

  An IFO Institute survey showed that industrial companies in Germany, which have been hit by the economic downturn caused by the Coronavirus, expect production to increase slightly in the coming months. “The industrial sector, the engine of the German economy, is gradually returning to its course,” said Klaus Vollrape, supervisor …

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• 7 September 2020 1:47 pm

  Oil Falls After Saudi Arabia Cut The Price of Crude

  

  Oil prices fell more than 1% on Monday (September 7th) after hitting the lowest level since July, after Saudi Arabia announced the largest monthly price cut for supplies to Asia in five months, while optimism about a recovery in demand dwindled amid the pandemic. Brent crude was $ 42.11 a …

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• 7 September 2020 12:56 pm

  China’s Imports of Crude Oil in August Jump 13% YoY

  

  China’s imports of crude oil in August rose 13% from their level a year ago, supported by large purchase orders earlier in the year when global oil prices collapsed and at a time when customs clearance of shipments delayed in the past due to congestion at ports. Data issued by …

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• 7 September 2020 12:50 pm

  European Stocks Start the Week With Strong Performance

  

  European stocks rebounded Monday (September 7th) after turmoil led by Wall Street on tech stocks kept sentiment tepid the previous week, as investors closely followed developments for a COVID-19 vaccine. Australia is expected to receive its first batch of a COVID-19 vaccine in January after it entered into an agreement …

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• 7 September 2020 12:45 pm

  Nikkei Index Drops After Nasdaq Turmoil

  

  The Japanese Nikkei Index fell on Monday, September 7th, after Wall Street fell, while SoftBank Group shares tumbled on reports that it had made big bets on US technology stocks as the sector’s rally dissipated. The Nikkei index fell by 0.5% to close at 2,3089.95 points, while the broader TOPIX …

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