Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2021

• 26 February 2021 6:21 pm

  Canada: Industrial Product Price Index Rises in January

  

  Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose by 2% in January, the data published by Statistics Canada showed on Friday. This reading followed December’s increase of 1.5%.

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• 26 February 2021 5:30 pm

  Reuters: Oil on Track to Make Steady Gains

  

  A Reuters poll today showed that oil prices will witness a steady recovery this year, with the arrival of vaccines to prevent Covid-19 more people and the acceleration of the economic recovery, and in light of the additional momentum of stimulus and the control of supplies of major crude producers. …

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• 26 February 2021 4:21 pm

  BofA: Global Equity Funds Attract $46.2 Billion in Inflows

  

  Weekly data on fund flows from Bank of America showed that equity funds attracted their third-largest inflows ever at $46.2 billion in the week ending on Wednesday, led by flows into technology stocks and financial companies. Bank of America concluded that bond funds attracted $7.1 billion in inflows for the …

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• 26 February 2021 3:30 pm

  Turkey’s Trade Deficit Shrank by 33% in January

  

  Data from the State Statistics Institute on Friday showed that Turkey’s trade deficit shrank 32.8% year on year in January to $3.034 billion, according to the general trade system. The institute said that Turkey’s exports increased in January by 2.3% and imports decreased by 5.9% compared to January 2020. In …

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• 26 February 2021 3:29 pm

  European Shares Down More Than 1% on Surge in Bond Selling

  

  European shares tumbled 1.5% on Friday, led by mining and technology companies, as a jump in bond yields and concerns about rising equity valuations hurt demand for riskier assets. The benchmark European stocks index is on track to post its worst single-day performance this month.

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• 26 February 2021 2:46 pm

  The Turkish Lira is Close to Erasing Its Gains

  

  The Turkish lira fell for a fifth day in a row today, Friday, hit by high US bond yields, which contributed to erasing almost all of the gains made this year, and paving the way for a potential more difficult battle in the face of double-digit inflation. The lira fell …

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• 26 February 2021 2:09 pm

  Bitcoin Plunged More Than 6% to The Lowest Level in Two Weeks

  

  Bitcoin plunged as much as 6% today, hitting its lowest level in two weeks, as turmoil in global bond markets led to higher yields and sparked sales in riskier assets. The largest cryptocurrency in the world fell to a low of $44,451 before recouping some of its losses. And in …

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• 26 February 2021 1:33 pm

  Oil Mixed Amid Anticipation For OPEC+ Summit

  

  Oil prices slid on Friday as the collapse in bond prices led to gains for the US dollar and expectations have grown that as oil prices return to pre-pandemic levels, more supply will likely find its way into the market. US West Texas Intermediate crude futures fell 96 cents, or …

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• 26 February 2021 10:56 am

  Japan’s Nikkei Closed 4% Lower on Concerns Over Rising Bond Yields

  

  Shares in the Asia-Pacific region suffered sharp losses in trading on Friday, after the decline in Wall Street in yesterday’s session, as the rapid rise in bond yields raised investor concerns. In Japan, the Nikkei225 index led the losses among the major markets in the region as it fell by …

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• 26 February 2021 10:39 am

  Moderna: We are Working on a Third Experimental Dose Targeting a New Mutated Strain of The Virus

  

  “Moderna” revealed that it is working on a third experimental dose of the Coronavirus vaccine, targeting a new mutated strain of the virus. The company indicated that it shipped doses of the new vaccine to the National Institutes of Health for clinical trials, explaining that “Moderna is committed to making …

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• 26 February 2021 3:31 am

  House to Vote on $1.9 T Stimulus Bill Friday

  

  The United States House of Representatives will vote on the American Rescue Plan Bill on Friday, according to House Majority Leader Steny Hoyer. “The American people strongly support this bill, and we are moving swiftly to see it enacted into law,” Hoyer recently tweeted. The bill includes raising unemployment insurance …

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• 26 February 2021 2:20 am

  Fed’s Williams: Inflation Will Remain Subdued

  

  President of the Federal Reserve Bank of New York, John Williams, said on Thursday that he is “more optimistic about the medium-term outlook for the economy,” MarketWatch reported. Williams predicts economic growth this year will be “the strongest seen in decades,” while expecting that inflation will “remain subdued for some …

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• 26 February 2021 2:13 am

  Fed’s Quarles: Fed Must Keep Effective Stress Testing

  

  The Vice-Chair of the United States Federal Reserve, Randal Quarles, said that the Fed must improve the effectiveness of stress tests to help the banking sector cope with the Coronavirus pandemic, Reuters reported. “The Fed must continue to innovate so that stress testing remains effective.”“I believe that there is room …

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