Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 11 August 2020 12:06 pm

  Japan Current Account Surplus Narrows to 5-Year Low

  

  Japan’s current account surplus narrowed to the lowest level in five years in June as exports took a hit due to the Covid-19 on global demand. The current account surplus was JPY 167.5 billion ($1.58 billion), the smallest monthly surplus since January 2015, a finance ministry official said on Tuesday, according …

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• 11 August 2020 12:03 pm

  PBOC Sets Yuan Reference Rate at 6.9711

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9711 versus Monday’s fix at 6.9649.

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• 11 August 2020 12:02 pm

  WH Adviser O’Brien: US is ‘deeply troubled’ by arrest of Jimmy Lai

  

  White House (WH) National Security Adviser O’Brien said in a statement early Tuesday, the US is ‘deeply troubled’ by the arrest of Hong Kong media tycoon Jimmy Lai. His comments come after the geopolitical tensions intensified between the US and China after the police in Hong Kong arrested Jimmy Lai, …

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• 11 August 2020 11:54 am

  UK unemployment rate beats with 3.9% in June

  

  The UK has reported mixed labor figures. The unemployment rate remained depressed at 3.9% in June, a result of the government’s furlough schemes. Wages dropped by 1.2% when including bonuses and -0.2% when excluding them.  The Claimant Count Change for July disappointed by leaping by 94,400, far worse than 10,000 …

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• 10 August 2020 10:56 pm

  Unemployment in Switzerland at 3.2% in July

  

  Unemployment in Switzerland declined in July compared with its level in June, but remained higher by about 53% compared with its level in July 2019. The unemployment rate registered 3.2% last month, according to data by the Swiss State Secretariat for Economic Affairs (SECO). The Swiss Franc (CHF) is declining …

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• 10 August 2020 8:55 pm

  European Stocks Settle Higher on Monday

  

  European stocks closed higher on Monday, despite concerns about the COVID-19 pandemic and tensions between the U.S. and China. The STOXX Europe 600 index closed higher by around 0.2%, shedding some of its gains earlier in the session. In London, the FTSE100 index added 0.31%, while the French CAC40 closed …

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• 10 August 2020 8:29 pm

  U.S. Jolt Job Openings Down 500K in June

  

  Job openings in the United States rose in June more than expected, as shown by data released on Monday. The new job openings increased to 5.89 million in June, from a revised 5.37 million in May, as per daya by the U.S. Department of Labor’s Job Openings and Labor Turnover …

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• 10 August 2020 8:22 pm

  WHO Warns Against Funding Gap in COVID-19 Fight

  

  The World Health Organization (WHO) has warned that a gap in funding could negatively affect the fight against the coronavirus (COVID-19) pandemic, CNBC reported. “We have to fundamentally scale up the way we are financing the ACT-Accelerator and prioritize the use of new tools.”said the head of WHO, Tedros Adhanom …

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• 10 August 2020 4:08 pm

  French Economic Activity Down in July

  

  French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …

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• 10 August 2020 3:59 pm

  China Annual Inflation Exceeds Expectations

  

  The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …

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• 10 August 2020 3:51 pm

  WHO: Huge shortfall in funds to fight coronavirus

  

  There is a huge gap between funds needed to fight the coronavirus and funds committed worldwide, World Health Organization chief Tedros Adhanom Ghebreyesus said on Monday. According to Reuters. But he said he saw “green shoots of hope”. “It is never too late to turn the pandemic around,” Tedros told …

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• 10 August 2020 2:19 pm

  UK PM Johnson: Will Not Hesitate to Reimpose Quarantine if Needed

  

  British Prime Minister Boris Johnsons aid on Monday that they will not hesitate to reimpose quarantine measures if needed. Regarding the government’s travel advice, “we will keep looking at the data on where people want to travel,” Johnson noted and urged people to consider the government’s guidance when making holiday …

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• 10 August 2020 2:16 pm

  Oil rises 1% on Optimistic View of Demand From Aramco

  

  Oil prices rose on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, but uncertainty over an agreement to support the US economic recovery limited the gains. By 0641 GMT, Brent crude futures were up 34 cents or 0.8%, to $ 44.74 a …

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