Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 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 …

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• 28 April 2021 11:15 pm

  Gold Finishes Lower for Second Day in Row

  

  Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …

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• 28 April 2021 10:27 pm

  European Stocks Settle with Marginal Gains

  

  European stocks showed a mostly positive performance on Wednesday, as the market anticipated the outcomes of the U.S. Federal Reserve meeting, as well as positive earnings reports by major listed companies. The pan-European STOXX 600 closed nearly unchanged for the second consecutive session, rising marginally by less than 0.1%, as …

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• 28 April 2021 10:07 pm

  Federal Reserve Holds Interest Rates Unchanged

  

  The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%. In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies. As expected, …

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• 28 April 2021 7:01 pm

  U.S. Oil Inventories Rise 100,000 B in Week

  

  Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …

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• 28 April 2021 6:57 pm

  Canada’s Retail Sales Grow in February

  

  Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …

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• 28 April 2021 5:51 pm

  U.S. Trade Deficit in Goods Rise to New Record High

  

  The United States trade balance of goods registered an increase in its deficit during March, for the third consecutive month, data showed on Wednesday. The goods trade deficit increased by 4% to reach a new record high of $90.6 billion last month, according to the U.S. Census Bureau.

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• 28 April 2021 4:49 pm

  U.S. Wholesale Inventories Rise in March

  

  Wholesale inventories in the United States rose by in March, data showed on Wednesday. Early estimates show that U.S. wholesale inventories increased by 1.4% last month, while retail inventories declined by 1.4%.

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• 28 April 2021 3:48 pm

  Germany Rising Its Economic Growth Estimate And Expects a Consumer-Led Recovery

  

  The German government on Tuesday (April 27th) increased its forecast for the growth of Europe’s largest economy this year to 3.5%, from a previous estimate of 3%, while it expects household spending to support the recovery if the COVID-19 restrictions are lifted. Germany is striving to contain a third wave …

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• 28 April 2021 3:36 pm

  Microsoft Reported The Largest Revenue Growth Since 2018 in The Third Quarter of Its Fiscal Year

  

  Microsoft announced its third-quarter fiscal year results that achieved the largest revenue growth since 2018. The company’s shares fell in post-closing trading by more than 3.5%. Earnings per share reached $ 1.95, compared to the expected $ 1.78. While the company achieved revenues of 41.71 billion dollars compared to 41.03 …

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• 28 April 2021 2:58 pm

  European Union v. AstraZeneca Case Begins in Brussels

  

  A court in Brussels has begun hearing a lawsuit filed by the European Commission against the pharmaceutical company AstraZeneca over supplies of its Covid-19 vaccine, as the cartel’s lawyers are pressing for immediate delivery of doses from all factories, including those in Britain. The case is the latest turning point …

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• 28 April 2021 2:20 pm

  Oil Falling as Demand Fears Increase Due to The Indian Crisis And Increase in US Inventories

  

  Oil prices fell on Wednesday, April 28, in light of the rapid spread of Covid-19 cases in India and an increase that exceeded expectations for crude stocks in the United States, which overshadowed the confidence shown by OPEC and its allies in the strong recovery of global demand for fuel. …

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• 28 April 2021 1:39 pm

  Saudi Crown Prince: The Kingdom in Talks to Sell 1% of Aramco

  

  The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company. Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, …

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