Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 10 March 2021 1:38 pm

  A Spokesperson For The French Minister of Industry: No Contract Has Been Signed to Produce The Russian Sputnik V Vaccine

  

  A spokesman for the French Minister of Industry said Tuesday that no company in France has signed a contract with Russia to produce its Sputnik V vaccine against the Coronavirus, apparently contradicting comments made by the head of the Russian Direct Investment Fund. “As far as we know, no contract …

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• 10 March 2021 1:36 pm

  Russia says it Has Concluded Agreements With 4 European Countries to Manufacture The Sputnik V Vaccine

  

  The head of Russia’s sovereign fund said Tuesday (March 9th) that the fund has entered into agreements with production facilities in Italy, Spain, France, and Germany to manufacture the Sputnik V vaccine, the vaccine against COVID-19. The fund’s president’s speech came after he signed a commercial agreement with a Swiss …

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• 10 March 2021 12:55 pm

  China Consumer Price Index Beats Expectations

  

  China’s CPI fell 0.2% year-on-year in February 2021, after a 0.3% decline in the previous month and compared to the market consensus of 0.4%. It was the second consecutive month of deflation, as prices fell for both food and non-food items. On a monthly basis, consumer prices rose 0.6% in …

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• 10 March 2021 12:41 pm

  Gold Falls as Dollar Rise

  

  Gold fell on Wednesday, March 10, after recording its biggest jump in two months in the previous session, as US Treasury yields and the dollar rose, weakening the yellow metal’s appeal. Gold fell in the spot market 0.2% to $1712.82 an ounce after it rose more than 2% on Tuesday …

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• 10 March 2021 12:30 pm

  Japan Shares Closed Flat, Fund Sales Wiped Out Tech Firms’ Gains

  

  Japanese stocks were largely unchanged on Wednesday, March 10, as sales of domestic funds before the end of the fiscal year wiped out gains in tech stocks that tracked Wall Street’s rally last night. The Nikkei rose 0.03% to close at 29036.56 points, while the Topix gained 0.11% to 1919.74 …

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• 10 March 2021 2:00 am

  Supply Data Weighs on Oil while Output Cuts and Forecasts Provide Support

  

  Oil prices declined on Tuesday for the second consecutive session, amid expectations for a buildup in U.S. crude supplies. A recent S&P Global Platts poll of market analysts estimated that oil inventories increased last week by 2.7 million barrels, following a huge surge of 21.6 million barrels in the week …

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• 10 March 2021 1:21 am

  Yellen Vows Quick Distribution of State and Local Aid

  

  The United States Treasury Secretary Janet Yellen said on Tuesday that the Department will aim at quickly distributing $350 billion of state and local government aid, as part of the $1.9 trillion relief bill that is expected to be passed by Congress tomorrow. “In the coming days our Treasury team …

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• 10 March 2021 1:15 am

  NYSE Finishes with Big Gains as Treasury Yields Stabilize

  

  The New York Stock Exchange (NYSE) rose on Tuesday and finished with strong gains, as Treasury bond yields in the United States pulled back from their highest level in about 13 months, and with tech stocks rising following strong selling pressures. The Dow Jones Industrial Average finished higher by 30 …

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• 10 March 2021 1:00 am

  U.S. Treasury Yields Decline from Year-High Levels

  

  Treasury yields in the United States declined on Tuesday as markets continued to react to recent developments that saw yields rise to their highest level in about 13 months. Investors showed an increased appetite for Treasury bonds today. The benchmark 10-year Treasury bond yield decreased by 4.9 basis points to …

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• 9 March 2021 11:22 pm

  Gold Maintains Gains and Records First Rise in Five Sessions

  

  Gold prices finished Tuesday’s trading session with strong gains, supported by the decline of Treasury bond yields and the U.S. Dollar (USD), recording its first gain after four consecutive declines. The rise in the yellow metal prices followed closing at its lowest level since early April 2020 on Monday. Gold …

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• 9 March 2021 9:03 pm

  Coupang Targets $58 B Valuation on Wall Street

  

  Coupang, a South Korea-based e-commerce company, has raised the price target for its initial public offering (IPO) on the New York Stock Exchange (NYSE), aiming at a valuation of $58 billion. The IPO is expected to be the largest on Wall Street since Alibaba’s in 2014. In addition, the boom …

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• 9 March 2021 8:52 pm

  European Stocks Close Higher as Treasury Yields Decline

  

  European shares finished Tuesday higher, supported by the decline in U.S. Treasury bond yields, despite data showing a contraction in the Eurozone’s economy during the fourth quarter (Q4) of 2020. The STOXX Europe 600 increased by 0.86% and finished at 420.82 points. The German benchmark index DAX settled higher by …

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• 9 March 2021 7:09 pm

  OECD Raises Expectations for Global Growth in 2021

  

  The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …

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