Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 18 January 2021 12:32 pm

  Chinese Retail Sales Below Expectations

  

  Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.

  Read More »
• 18 January 2021 12:32 pm

  Chinese Industrial Output Grew by 7.3% in December

  

  According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …

  Read More »
• 16 January 2021 2:46 am

  A Closer Look at Biden’s $1.9 Tr Rescue Plan

  

  The President-elect of the United States, Joe Biden, revealed late yesterday a new government stimulus plan worth $1.9 trillion to help the economy face the effects of the Coronavirus pandemic, under the name “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …

  Read More »
• 16 January 2021 2:30 am

  NYSE Indices End the Week in Losses

  

  The New York Stock Exchange (NYSE) closed Friday on a lower note, with the main indices ending the week with the biggest losses since the end of October. Weak economic data prompted concerns about the state of the economy, which still struggles with the Coronavirus pandemic. The Dow Jones Industrial …

  Read More »
• 16 January 2021 2:24 am

  U.S. Treasury Yields Decline for the Week

  

  Treasury yields in the United States declined on Friday, after data showed that the American economy continues to suffer from the impact of the Coronavirus pandemic. Yield on the 10-year Treasury bonds went down by 3.1 basis points to 1.097%, declining by 0.8 basis point compared to its level by …

  Read More »
• 16 January 2021 2:20 am

  Oil Erases Weekly Gains and Turns to Losses

  

  Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases. Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel. For the …

  Read More »
• 15 January 2021 11:18 pm

  U.S. Oil Rig Count Rises for Eight Week in Row

  

  Active rigs drilling for oil in the United States increased by 12 to 287 this week, according to the weekly report released on Friday by Baker Hughes. This is the eight consecutive weekly rise for the U.S. oil rig count. The total rig count, representing the number of active rigs …

  Read More »
• 15 January 2021 11:15 pm

  Gold Closes Lower and Turns to Weekly Losses

  

  Gold prices declined on Friday as the U.S. Dollar (USD) continued to show some rebound signs across the board. Gold futures for February delivery lost $26.30, or 1.4%, to close the week at the level of $1,825.10 per ounce. The most active yellow metal contracts have registered a weekly decline …

  Read More »
• 15 January 2021 11:10 pm

  U.S. Consumer Sentiment Declines: University of Michigan Survey

  

  Consumer sentiment in the United States slightly declined during the first half of January after the attack of the U.S. Capitol sparked political uncertainty and as the number of new Coronavirus cases continues to surge with a slow rollout of vaccines. The University of Michigan’s consumer sentiment index fell to …

  Read More »
• 15 January 2021 11:06 pm

  European Stocks Turn to Weekly Losses

  

  European stocks declined on Friday, closing lower after rising for three consecutive sessions, turning to weekly losses amid a rising number of new Coronavirus cases across the continent. The STOXX Europe 600 index finished lower by about 1%, turning to a weekly decline of 0.8%. In France, the CAC40 ended …

  Read More »
• 15 January 2021 8:39 pm

  U.S. Business Inventories Rise in November

  

  Business inventories in the United States grew during November, data by the U.S. Department of Commerce showed on Friday. After registering an increase of 0.8% in October, business inventories increased by 0.5% in November. On an annual basis, business inventories declined by 3.2% during November 2020. Meanwhile, retail inventories went …

  Read More »
• 15 January 2021 8:22 pm

  IMF Urges Continuous Support for Economies amid Pandemic

  

  The International Monetary Fund (IMF) has called upon countries to maintain support for economies amid the complications and risks resulting from the Coronavirus pandemic.  “The global economy is at a critical juncture,” said the IMF spokesman Gerry Rice, Reuters reported.“There remains a great deal of uncertainty. The prospect for a …

  Read More »
• 15 January 2021 7:26 pm

  U.S. Industrial Production Rises in December

  

  Industrial production in the United States grew during December for the eighth consecutive months, data showed on Friday. Factory output increased by 0.9% last month compared with a 0.8% rise in November, according to data by the U.S. Federal Reserve. Total industrial production surged by 1.6% in December, recording its …

  Read More »