Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 30 April 2021 3:02 am

  The British economy is Expected to Grow Better Than Its US Counterpart in 2021

  

  A report by Goldman Sachs expected that the British economy would record a faster growth pace than its US counterpart, with the acceleration of the distribution of anti-virus vaccines in the United Kingdom. The British government succeeded in delivering the vaccine to nearly half of the UK population, who received …

  Read More »
• 30 April 2021 1:02 am

  Amazon Sales Are up 44% in Q1 2021 and the stock at an All-Time High

  

  Amazon shares rose as much as 3% in post-close trade Thursday April 29th, after the company released its first-quarter earnings, beating Wall Street’s earnings and revenue expectations. The company made profits of $15.79 per share, compared to expectations of $9.54 per share, and revenues of $108.52 billion compared to expectations …

  Read More »
• 29 April 2021 9:43 pm

  US: Weekly Initial Jobless Claims Decline to 553K

  

  There were 553,000 initial claims for unemployment benefits in the US during the week ending April 24, the data published by the US Department of Labor (DOL) showed on Thursday. This reading came in slightly worse than the market expectation of 549,000 but showed an improvement from the previous record …

  Read More »
• 29 April 2021 9:41 pm

  Rising Bond Yields And Profit-Taking Push European Stocks Lower

  

  European stocks closed lower Thursday, April 29th, despite banks’ highs in 14 months thanks to strong quarterly earnings, as rising Eurozone bond yields prompted some investors to sell for profit after reaching near-record levels. The pan-European STOXX 600 index fell 0.3% to 438.77 points, far away from its record high …

  Read More »
• 29 April 2021 3:24 pm

  Increases Seen in Caterpillar’s Q1 Financial Report

  

  Caterpillar Inc. announced its first-quarter earnings before the opening Thursday. Earnings per share (EPS) hit $ 2.87, ahead of a consensus of $ 1.94, and revenue came to $ 11.9 billion, beating expectations at 11.09. CAT officials say this is because of higher sale volume, driven by higher-end user demand, …

  Read More »
• 29 April 2021 2:47 pm

  Standard Chartered earnings grow by 18% in Q1 2021

  

  Standard Chartered posted an 18%, more than expected, increase in first-quarter earnings before tax, as the emerging market-focused bank began recovering from the economic damage from the coronavirus pandemic. Profit before tax in the period from January to March was $1.4 billion, compared with $1.2 billion in the same period …

  Read More »
• 29 April 2021 2:08 pm

  Gold Rising as The US Fed Maintains Its Easing Stance

  

  Gold prices rose Thursday April 29th, as the dollar fell after the US Federal Reserve decided to keep interest rates low for the foreseeable future, despite adopting a brighter view of the economic recovery. And gold rose in immediate trading 0.2% to 1784.26 dollars an ounce. US gold futures rose …

  Read More »
• 29 April 2021 1:07 pm

  Oil Prices Continue Gains, Supported by Positive Demand Outlook Overshadowing Concerns About India

  

  Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …

  Read More »
• 29 April 2021 12:39 pm

  The Turkish Lira Stabilizes Amid speculation That The Central Bank Will Raise Its Inflation Forecast

  

  The Turkish lira stabilized ahead of the central bank’s report on quarterly inflation, which is expected to raise its expectations in the face of the falling currency and rising commodity prices. The lira was at 8.1950 against the dollar, which is below its close level on Wednesday at 8.2. The …

  Read More »
• 29 April 2021 12:18 pm

  European Stocks Reach Their Peak With Support From Unilever And Nokia

  

  On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy. The European Stoxx600 index rose 0.4%, just 3 points away from its peak. Consumer goods giant Unilever …

  Read More »
• 29 April 2021 2:43 am

  Fed Maintains Policy Stance in April FOMC Statement

  

  The United States Federal Reserve on Wednesday decided to maintain its current monetary policy, with massive quantitative easing measurements to help the economy on the way to recovery from the coronavirus pandemic. Interest rates remain near 0% at a historically low level, with a large asset purchase program that includes …

  Read More »
• 29 April 2021 1:32 am

  Wall Street Closes Lower Following Fed’s Policy Decision

  

  The New York Stock Exchange (NYSE) finished lower on Wednesday, following the Federal Reserve’s decision to maintain interest rates at a historic low level near 0%. The marker is also anticipating today’s speech by President Joe Biden in front of a joint session of Congress. Facebook shares continued to rise …

  Read More »
• 28 April 2021 11:58 pm

  Oil Prices Rise to Highest Level in Six Weeks

  

  Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …

  Read More »