Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 11 December 2020 9:30 pm

  European Stocks Close Friday in Red

  

  European stocks closed Friday lower, amid uncertainty surrounding Brexit talks and a new government stimulus package in the US. The STOXX Europe 600 index finished lower by 0.5%. The UK’s FTSE100 declined by 0.66%, while the German DAX plummeted by 1.24%. Meanwhile, the French index CAC40 closed lower by 0.61%.

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• 11 December 2020 8:33 pm

  US Consumer Sentiment Improves in December

  

  The University of Michigan’s preliminary US consumer sentiment index increased by 4.5 points to 81.4 during December, from 76.9 in November, data showed on Friday. This is the second-highest level for the index since March, according to Bloomberg. The current conditions index rose to 91.8, its highest reading since March. …

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• 11 December 2020 7:47 pm

  Canada’s Capacity Utilization Rises in Q3

  

  Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday. The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to …

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• 11 December 2020 7:42 pm

  US Producer Prices Rise in November

  

  Producer prices in the United States rose slightly last month, in line with expectations that inflation could start to rise in the near term, data showed on Friday. The US producer price index (PPI) increased by 0.1% in November, after rising by 0.3% in October, according to data by the …

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• 11 December 2020 6:00 pm

  US Health Secretary: We Will Approve The Pfizer Vaccine Within Days

  

  US Secretary of Health and Human Services Alex Azar said today, Friday, that the United States will approve the use of the Pfizer vaccine to protect against Covid-19 within days, and that the first group will be vaccinated, perhaps Monday or Tuesday. The US Food and Drugs Administration has accelerated …

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• 11 December 2020 5:57 pm

  Very Likely That We Will Have a No-deal Brexit

  

  British Prime Minister, Boris Johnson crossed the wires in the last hour and said that we are always hopeful on Brexit. But from where we stand now, it is very, very likely that we will have a no-deal Brexit, Johnson added further.

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• 11 December 2020 5:04 pm

  Turkey’s Current Account Deficit Was More Than Expected in October at $273 Million

  

  Turkey’s central bank said the country’s current account deficit narrowed in October to $273 million. The number is more than Reuters forecasts a deficit of $0.062 billion. In September, the current account deficit was $ 2.559 billion. In 2019, Turkey’s current account surplus was $ 1.674 billion.

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• 11 December 2020 3:55 pm

  A rise in Commodities Unleashes Ehe Australian Dollar, Pound Prepares Dor No-Deal Brexit

  

  The dollar headed for a loss for the fourth week in a row as it weakened, recording its lowest levels in several years against other major currencies. The pound ended a series of gains that lasted for five weeks after the leaders of Britain and the European Union remained at …

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• 11 December 2020 2:48 pm

  European Stocks Declining Under Pressure of Brexit and Virus Concerns

  

  European stocks fell today, Friday, and are heading to conclude a busy week in a state of caution due to concerns about the economic impact of the rise of the Covid-19 pandemic, and the fate of a trade agreement linked to Britain’s exit from the European Union and stalled US …

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• 11 December 2020 2:18 pm

  Germany’s Economy Minister: COVID-19 Lockdown Will be Extended

  

  “The COVID-19 lockdown will be extended,” Germany’s Economy Minister Peter Altmaier said in a statement on Friday. This comes after Germany reported 29,875 record daily coronavirus cases, with nearly 600 deaths on Friday.

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• 11 December 2020 1:55 pm

  Bailey: There Are Limits to Calm Market After Brexit Transition

  

  Bank of England Governor Andrew Bailey said Friday that there is a limit to the Bank of England’s ability to avoid disruption and volatility in financial markets after the Brexit transition period ends on December 31. Bailey added that work on negative interest rates is still ongoing. “I don’t want us …

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• 11 December 2020 1:41 pm

  Turkish Lira Decreases After The Possibility The US Imposing Sanctions on Ankara

  

  The Turkish lira was revised on Friday after sources said the United States was preparing to impose sanctions on Turkey for its purchase of the Russian S-400 air defense system, in a move likely to worsen relations between the two NATO members. The lira was at 7.900 against the US …

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• 11 December 2020 1:05 pm

  Oil Continues to Rise on The Launch of Vaccination

  

  Oil rose today, Friday, to consolidate strong gains made overnight that saw Brent crude exceed $50 for the first time since March, as the implementation of coronavirus vaccination programs fueled hopes that demand for oil will rebound next year. Brent crude rose 30 cents, or 0.6%, to $50.55 a barrel, …

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