Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2020

• 12 October 2020 4:53 pm

  Oil Prices Drop 1% as US Companies Resume Production

  

  Oil prices fell 1% for the second consecutive session Monday, as US producers began to resume work after Hurricane Delta and the end of a workers’ strike that affected production in Norway. Brent crude for December delivery fell 41 cents to $ 42.44 a barrel, and U.S. West Texas Intermediate …

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• 12 October 2020 4:03 pm

  The Unemployment Rate in Turkey Stays at 13.4% in 3 Months

  

  Monday’s data showed that the unemployment rate in Turkey stabilized at 13.4% in the period from June to August compared to the previous three months, with a high rate of participation in the workforce, while the repercussions of Covid-19 continued to affect employment. Separate data today showed that the current …

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• 12 October 2020 2:51 pm

  Core Machinery Orders in Japan Rose 0.2% in August

  

  The rate of core machinery orders in Japan increased by 0.2% in August compared to the previous month, more than expected. On an annual basis, basic orders decreased by 15.2% in the same month. Better than expected. The producer price index unexpectedly declined by -0.2% in September on a monthly …

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• 12 October 2020 1:40 pm

  Gold Dropping From a 3-Week High as Dollar Stabilizes

  

  Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ …

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• 12 October 2020 12:51 pm

  Japan Shares Closed Lower on Profit-Taking Sales

  

  Japanese stocks fell at the close on Monday, due to concern over the upcoming corporate business results reports, prompting investors to reap profits and leading the decline in the selective industrial and consumer sectors. The Nikkei index fell 0.26% to 23,558.69 points, while the broader TOPIX index lost 0.2% to …

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• 12 October 2020 12:24 pm

  European Stocks Track Gains in Asia

  

  European stocks rose Monday, tracking gains in Asia fueled by optimism about the recovery of the Chinese economy, while investors remain cautious about the rise in domestic infections with the Corona virus. The pan-European STOXX 600 index rose 0.3%, while the telecom and automobile sectors led the gains. The benchmark …

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• 10 October 2020 2:01 am

  Wall Street Closed Higher as Stimulus Talks Continued

  

  US stocks closed higher on Friday, October 9th, as the S&P 500 and Nasdaq posted their biggest weekly percentage gains since July, amid growing optimism about more financial aid. Talks on a coronavirus-related stimulus package are expected to continue, even though House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin …

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• 10 October 2020 1:56 am

  Crude Prices Fall by More Than 1%, But Achieve a Weekly Gain of 9%.

  

  Oil prices fell on Friday (October 9th) by more than 1% after a strike by oil workers ended in Norway, which will raise crude production even though Hurricane Delta forced US energy companies to cut production. Brent futures fell 49 cents, or 1.1%, to settle at $ 42.85 a barrel, …

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• 9 October 2020 11:50 pm

  Baker Hughes: U.S. Drillers Add Oil Rigs For Fourth Week in a Row

  

  The number of active US oil rigs decreased by 4 to 193this week, according to data by Baker Hughes.  The total active U.S. rig count, meanwhile, was up 3 to 269, according to Baker Hughes. This week’s rig count was 587 rigs, or 69%, below this time last year. U.S. …

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• 9 October 2020 11:44 pm

  EU MPs Halt Talks with Representatives of EU Governments Over The Economic Recovery Package

  

  EU lawmakers have suspended their talks with representatives of EU governments over the budget and the € 1.8 trillion coronavirus recovery package.

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• 9 October 2020 11:35 pm

  European Stocks Post Second Weekly Gain

  

  European stocks recorded a second consecutive weekly gain Friday, October 9th, as positive expectations from Pandora and Novo Nordisk gave the Danish side a more optimistic character to the earnings season, as investors’ eyes continued to turn to indications of a new US stimulus. The pan-European STOXX 600 index closed …

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• 9 October 2020 10:11 pm

  Oil Workers Strike Ends in Norway After an Agreement With Companies Over Wages

  

  Negotiators from the oil companies and trade unions in Norway Friday, October 9th, said that officials from the two parties have concluded an agreement on wages, thus ending a strike that had threatened to cut the country’s production of oil and gas by nearly 25% next week. Last Monday saw …

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• 9 October 2020 8:33 pm

  Gold Jumps 2% on Dollar’s Decline And Bets on Stimulus

  

  Gold rose about 2% on Friday, as the dollar fell to its lowest level in nearly three weeks and bets increased on new stimulus in the United States, prompting investors to buy the precious metal to hedge against potential inflation. Spot gold rose 1.8% to 1927.51 dollars an ounce by …

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