Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 19 January 2021 4:44 pm

  BofA: Quarterly Profit Exceeds Expectations But Revenues Falling

  

  Bank of America reported a profit of 59 cents, compared to expectations of 55 cents, according to Refinitiv estimates. Quarterly revenues decreased by 10% to $ 20.2 billion compared to the same quarter of the previous year, which fell below expectations of $ 500 million. The following are the bank’s …

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• 19 January 2021 3:38 pm

  Russia: Second Vaccine is 100% Effective

  

  Russia has found that its second COVID-19 vaccine developed by the Vector Institute, is 100% effective. The Tass news agency reports that the perfect results are based on clinical trials.

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• 19 January 2021 3:05 pm

  EU Commission: National Plans to Spend Covid Recovery Funds Lack Detail, Need to be Improved

  

  The European Commission has warned some preliminary national plans to spend the covid recovery money lack detail and need to be improved, Reuters reports, citing sources with knowledge of the matter. “EU commission has said the net paying countries would reject plans if not accompanied by reforms.”

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• 19 January 2021 2:36 pm

  Egypt’s Trade Deficit Shrank by 17% in 2020

  

  The Egyptian Ministry of Trade and Industry said that the trade balance deficit decreased by about 17% year-on-year in 2020 to $ 38.291 billion. The ministry added in a press statement that non-oil exports decreased by 1% to 25.295 billion dollars in 2020, while imports fell 12% to 63.587 billion …

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• 19 January 2021 2:05 pm

  Gold Rising as Dollar Retreats From Its Peak in a Month

  

  Gold prices rose today, Tuesday, to rise from the one-and-a-half-month low they reached in the previous session, as the US dollar retreated, while the yellow metal, which is considered a safe haven, received support from the prospects of injecting more stimulus into the global economy. Spot gold rose 0.1% to …

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• 19 January 2021 1:14 pm

  Japan’s Nikkei Closes Higher

  

  Japanese stocks closed higher, after falling for two consecutive sessions, as investors held decliners, while carmakers and semiconductor stocks led the rally. The Nikkei index rose 1.39% to 28,633.46 points, while the broader Topix index rose 0.56% to 1,855.84 points. Sentiment was boosted after Chinese data released on Monday raised …

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• 19 January 2021 1:09 pm

  Turkey Bans ads on Twitter, Periscope And Pinterest

  

  Turkey banned ads on Twitter, Periscope and Pinterest after these platforms did not appoint local representatives in the country under a new social media law, according to decisions published on Tuesday. The law stipulates that social media companies that do not appoint local representatives will be subject to a set …

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• 19 January 2021 1:05 pm

  European Shares Rise on Positive Earnings Reports

  

  European stocks rose after Asian markets rose on optimism about the Chinese economy, while sentiment was supported by positive earnings reports from the Minera Rio Tinto and Logitech, a maker of computer accessories. The European STOXX 600 index gained 0.4%, while the German DAX and the French CAC 40 index …

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• 19 January 2021 3:02 am

  S&P 500 Could Rise by 14% in 2021: Goldman Sachs

  

  The S&P 500, one of three main indices on the New York Stock Exchange (NYSE), is expected to make gains of about 14% this year, to close 2021 at the level of 4,300 points, as shown by a recent projection by Goldman Sachs picked up by Dow Jones’s MarketWatch. As …

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• 19 January 2021 2:02 am

  GBP Recovers Earlier Daily Losses

  

  The British Pound (GBP) has recovered most of its earlier losses on Monday against the U.S. Dollar (USD) amid the decline of the later. The Sterling saw a negative performance throughout the first day of the week amid uncertainty resulting from the prospects of London losing its position as leading …

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• 19 January 2021 1:54 am

  USD Turning to Negative Side

  

  The U.S. Dollar (USD) gave up its gains earlier today, which helped the greenback rise to its best level in about a month, and turned to decline across the board. The Dollar Index (DXY), which measures the USD performance against a basket of six international rivals, is marginally down by …

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• 19 January 2021 1:08 am

  Trump Administration Takes One Final Action Against China’s Huawei

  

  The United States government has informed a number of tech suppliers, including Intel, that their licenses to export to Huawei are being revoked, Reuters reported. This is likely to be the final measurement the Trump administration takes against the Chinese telecom giant. The U.S. Department of Commerce cited national security …

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• 18 January 2021 11:32 pm

  Grab Considering $2 B IPO on Wall Street

  

  Grab, a ride-hailing and food delivery company in Southeast Asia, is mulling the listing of its shares on the New York Stock Exchange (NYSE) later this year, Reuters first reported. It is estimated that with an improved appetite for initial public offering (IPOs) that the Grab IPO could raise more …

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