Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 31 December 2020 11:57 pm

  NYSE Finishing 2020 with Mostly Large Gains

  

  The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …

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• 31 December 2020 11:43 pm

  US Treasury Yields Decline on Thursday

  

  Treasury yields in the United States declined on Thursday, the last trading session of 2020. The 10-year Treasury note yield decreased by one basis point to 0.916%. Return on the 30-year bond went down by 1.4 basis points to 1.648%. Meanwhile, the two-year note yield fell by 0.4 basis point …

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• 31 December 2020 11:27 pm

  USD Ending Worst Year Since 2017

  

  The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021. However, the USD is rising on Thursday supported by the decline in jobless claims. …

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• 31 December 2020 10:46 pm

  Oil Closing the Year with 20% Losses

  

  Oil prices are declining on Thursday, the last session of 2020, a year in which crude futures lost more than 20% of their trading value. The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in years amid a decline in demand for …

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• 31 December 2020 9:19 pm

  European Stocks End 2020 in Red

  

  European stocks closed lower on Thursday, the last trading session of the year 2020 that was dominated by the Coronavirus pandemic. The STOXX Europe 600 index declined by 0.14% after a short trading session ahead of the New Year’s Holiday. The annual losses of the pan-European index have reached 3.8%. …

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• 31 December 2020 6:45 pm

  FTSE100 Sees Worst Year Since 2008

  

  The benchmark index of the London Stock Exchange (LSE), FTSE100, declined by 1.5% to close the year at the level of 6,460 points. This means that annual losses for the index have reached 14%, registering its worst yearly performance since 2008. The last day of the year also marks the …

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• 31 December 2020 6:05 pm

  US: Weekly Initial Jobless Claims Decline to 787K

  

  There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.

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• 31 December 2020 5:32 pm

  EU Commission Regrets US Decision to Extend Tariffs on EU products

  

  The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted

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• 31 December 2020 5:29 pm

  British Defense Minister: Army is Ready to Distribute 100,000 Doses of Vaccine Daily

  

  British Defense Minister Ben Wallace said that the armed forces can distribute 100,000 doses of the vaccine against Covid-19 disease if required, which helps immunize millions of people threatened with infection before spring arrives. He added that he assigned 130 military planners and personnel to cooperate with the health authorities …

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• 31 December 2020 3:46 pm

  The US Imposes Duties on Some European Goods on a Dispute With EU

  

  The US government has said it will raise tariffs on certain EU products, including aircraft components and wine from France and Germany, at the latest turning point in a 16-year-old dispute over aircraft support between Washington and Brussels. In a statement, the US Trade Representative’s office said it was adding …

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• 31 December 2020 2:43 pm

  European Stocks Declining And Heading to Close 2020 With Losses

  

  European stocks fell Thursday, Dec. 31, as investors settle positions on the last day of trading this year while sentiment weakens due to widespread lockdown measures in Britain and news that the United States has raised tariffs on some EU products. Trading volumes are thin, in light of the absence …

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• 31 December 2020 2:01 pm

  Oil on track to Decline 20% in 2020 Due to Isolation And Market Eyes on Further Stimulus

  

  Global crude oil markets lost about a fifth of their value in 2020, as strict lockdown measures to combat the Coronavirus have crippled most of the global economy, but prices have rebounded strongly from their low levels as governments provide a stimulus. On Thursday, the last trading day in 2020, …

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• 31 December 2020 1:19 pm

  Gold Prices Are on Track to Achieve Best Annual Performance in 10 Years

  

  Gold prices, on Thursday, December 31, seem to be heading to achieve the best annual performance since 2010, even at a time when the yellow metal is under pressure due to the weak prospects of providing greater financial aid in order to stimulate the US economy and the recovery of …

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