Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 23 February 2021 5:37 pm

  Yellen: Stimulus Plan Sucess Depends on Unemployment Returns to Pre-pandemic Levels

  

  US Treasury Secretary Janet Yellen said that the verdict on the success of President John Biden’s stimulus plan will be how quickly it will return the economy to pre-pandemic unemployment levels and restore jobs in the service sector. Speaking at a webinar, Hunt Yellen also discussed the rise in public …

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• 23 February 2021 4:58 pm

  Thomson Reuters Reports Revenue up 2% in Q4 2020

  

  Thomson Reuters announced a revenue hike in Q4 of last year and said it would start a two-year program that would transform it from a holding company to an operating company. The news and information provider said revenues rose 2% to $1.62 billion, due to the sale of an investment, …

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• 23 February 2021 3:52 pm

  UK PM Johnson: Very Optimistic England Will Fully Re-open on June 21

  

  British Prime Minister Boris Johnson said on Tuesday that he is very optimistic that England will fully re-open on June 21 but added that it’s not a guarantee.  “British Cabinet Minister Michael Gove will review the use of vaccine certification,”

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• 23 February 2021 3:12 pm

  UK: CBI Retail Sales Balance Improves Modestly to -45% in February

  

  The data from the UK showed on Tuesday that the Confederation of British Industry’s (CBI) Retail Sales Balance in February rose to -45 from -50 in January. This reading came in worse than the market expectation of -38.

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• 23 February 2021 2:48 pm

  UK Unemployment Rate Rises to Highest in Almost Five Years

  

  U.K. unemployment climbed to its highest rate in almost five years in Q4 as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rose 121,000 from Q3, taking the jobless rate to 5.1%, the most since early 2016, the Office for National …

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• 23 February 2021 2:19 pm

  Eurozone Final CPI Meets Estimates with 0.2% MoM in January

  

  According to Eurostat’s final reading of the Eurozone CPI report for January, the consumer prices came in at 0.9% YoY, meeting the expectation. While the core figures rose by 1.4% vs +1.4% last and +1.4% expected. On a monthly basis, the bloc’s CPI figure for December accelerated by 0.2% versus …

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• 23 February 2021 1:39 pm

  Cryptocurrencies fell Sharply After Record Highs And Bitcoin Fell Below $47,000

  

  Cryptocurrencies witnessed sharp declines after record high as Bitcoin fell below $ 47,000 More to come…

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• 23 February 2021 1:02 pm

  Oil Prices Jump by More Than a Dollar as The Resumption of US Production Slows

  

  Oil prices jumped by more than a dollar on Tuesday (February 23rd), as they received support from optimism about the distribution of anti-Covid-19 vaccines and a decrease in production as US supplies slowly return after freezing weather in Texas stopped crude production last week. Sources said that shale oil producers …

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• 23 February 2021 12:35 pm

  Gold Hits a Week High as The Dollar Weakens And Yields Decline

  

  Gold rose to the peak of the week of Tuesday, February 23rd, supported by the weak dollar and declining US Treasury yields, while the appeal of the yellow metal was boosted by fears of further rising inflation. Spot gold rose 0.2% to $1812.06 an ounce, after hitting its highest level …

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• 23 February 2021 4:54 am

  U.S. House Moving Forward with Passing $1.9 T Relief Bill

  

  The United States House of Representatives is officially moving forward with steps to pass the American Rescue Plan, the $1.9 trillion Coronavirus relief package proposed by President Joe Biden. The stimulus bill was passed through the House Budget Committee with a 19-16 vote. It includes raising unemployment insurance supplement $400 …

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• 23 February 2021 4:37 am

  UK Plans to Gradually Ease Lockdown Measures

  

  Prime Minister of the United Kingdom (UK), Boris Johnson, revealed on Monday a plan to gradually ease the lockdown measures imposed as a precaution against the spread of the Coronavirus pandemic. In the first step, schools in England are set to reopen on March 8. In the same time, minimum …

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• 23 February 2021 4:27 am

  BoE’s Vlieghe Doesn’t See 5% Interest Rate in His Lifetime

  

  Gertjan Vlieghe, a member of the Bank of England’s (BoE) Monetary Policy Committee, said on Monday that he expects interest rates in the United Kingdom to remain low and not return to their levels prior to the global financial crisis in the foreseeable future. Vlieghe, who is 49 years old, …

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• 23 February 2021 2:54 am

  Wall Street Closes Mostly Lower as Treasury Yields Rise

  

  The New York Stock Exchange (NYSE) indices closed mostly lower on Monday, beginning the week with a mixed performance amid a rise by the U.S. Treasury yields which negatively impacted the sentiment of Wall Street investors. The Dow Jones Industrial Average finished higher by 27.37 points, or 0.1%, at 31,521.69 …

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