Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2021

• 15 April 2021 2:42 pm

  Germany’s Economy Contracted by 1.8% in Q1 of 2021 Due to COVID-19 Restrictions

  

  Prominent economic institutes said that the German economy may shrink 1.8% on a quarterly basis in the first three months of this year due to the restrictions of Covid-19, a revision of their joint forecast of growth in Europe’s largest economy. Institutes now expect GDP growth of 3.7% this year, …

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• 15 April 2021 1:42 pm

  Reuters: Investors in Aramco Pipelines Will Refinance Bond Loans Next Year

  

  Saudi Aramco will reduce its shipments of medium and heavy crude for August to at least six Asian buyers, sources familiar with the matter said. The Kingdom of Saudi Arabia, the largest oil producer and exporter in OPEC, to cut production and exports in compliance with the OPEC agreement, reducing …

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• 15 April 2021 1:38 pm

  Gold Rises as Dollar And Yields Fall And All Eyes on US Economic Data

  

  Gold prices rose Thursday, April 15th, supported by the weak dollar and declining US bond yields, while investors awaited the weekly US jobless claims report and March retail sales data for more clarity on the recovery of the world’s largest economy. Spot gold rose 0.5% to $1744.60 an ounce. US …

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• 15 April 2021 12:45 pm

  European Stocks Rising to Record Levels Thanks to Corporate Earnings

  

  European stocks hit a record high Thursday (April 15th) as rising commodity prices lifted mining companies’ shares, while some positive earnings reports dispelled concerns about the pace of immunization from COVID-19 on the continent. The European Stoxx600 index rose 0.3%, gaining for the third session, while mining and travel stocks …

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• 15 April 2021 12:43 pm

  Oil Settled Near Highest Level in a Month

  

  Oil prices stabilized Thursday, April 15th, to hold near the highest level in a month after jumping about 5% in the previous session after the International Energy Agency and OPEC raised oil demand forecasts as major economies recovered from the pandemic. Brent crude rose 4 cents to 66.62 dollars a …

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• 15 April 2021 12:39 pm

  Nikkei Closed Almost Unchanged as Technology Stocks Capped Gains

  

  Japanese stocks closed slightly higher Thursday, April 15th, led by cycle-related companies that will benefit from the global economic recovery and banks that have tracked their US counterparts, while a decline in technology shares curbed gains. The Nikkei index rose 0.07% to 29,642.69 points, after briefly retreating after a major …

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• 15 April 2021 4:06 am

  Powell Reaffirms Reducing Bond Purchases will Take Place Before Raising Interest Rates

  

  The Federal Reserve Chairman Jerome Powell said on Wednesday that the Fed will most likely begin by scaling back the bond-buying before it considers raising interest rates, reiterating the planned reduction of monetary easing policies as the U.S. economy shows recovery signs. “We will reach the time at which we …

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• 15 April 2021 12:00 am

  NYSE Mixed at Close but S&P 500 Scores Another Record High

  

  The New York Stock Exchange (NYSE) finished Wednesday trading session on a mixed note. A rise in Treasury bond yields and the release of the Federal Reserve’s Beige Book, which lowered expectations for economic growth this spring, pressured stocks, especially the tech sector. Moreover, the Beige Book expected a rise …

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• 14 April 2021 11:45 pm

  Oil Closes at Highest Level in a Month

  

  Oil prices continued to rise in Wednesday, supported by the improved outlook demand from the International Energy Agency (IEA), which raised expectations for global demand for crude this year by 230,000. The IEA expects a 5.7 million-barrel a day growth in the global demand for oil in 2021 compared with …

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• 14 April 2021 11:30 pm

  Germany’s Economic Growth Forecasts to Be Revised Lower

  

  Forecasts for Germany’s economic growth for this year are expected to be revised lower to 3.7% from 4.7%, Reuters reported citing sources in German economic institutes. The move comes amid preventive measures against the coronavirus pandemic and lockdowns taking longer than previously expected. Meanwhile, the estimated growth rate for 2022 …

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• 14 April 2021 11:15 pm

  Russian Central Bank Expecting Easing Inflation

  

  The Central Bank of Russia said on Wednesday that it expects inflation rate to gradually decline from its 5.8% peak this month. Last month, consumer prices in Russia recorded their biggest increase since 2016. Accordingly, the Russian central bank decided in March to raise its main interest rate to 4.5%.

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• 14 April 2021 11:00 pm

  Gold Closes Lower Pressured by Treasury Yields

  

  Gold prices finished lower on Wednesday, due to a rise in U.S. Treasury bond yields, abolishing all of yesterday’s gains and settling below $1,740 an ounce. A decline by the U.S. Dollar (USD) across the board might have limited the yellow metal’s losses, which might have expanded as Bitcoin exceeded …

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• 14 April 2021 10:49 pm

  European Stocks Close Mostly Lower on Positive Earnings Reports

  

  European stocks closed mostly higher on Wednesday, amid investors’ optimism about earnings reports. The STOXX Europe 600 index rose by 0.22% to close at 436.71 points. Meanwhile, the UK’s FTSE100 finished higher by 0.71% with expectations for easing lockdowns. In France, the benchmark index CAC40 rose by 0.40%. On the …

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