Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 28 October 2024 9:22 pm

  Could Strong Jobs Report Stall Fed Rate Cuts?

  

  The upcoming October jobs report is poised to significantly influence the trajectory of the U.S. economy and financial markets. A robust employment figure could potentially delay the Federal Reserve’s plans to ease monetary policy through interest rate cuts. Such a development would ripple through various sectors, with small-cap stocks, particularly …

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• 28 October 2024 8:26 pm

  Gold Loses Some Luster as Yields Climb, U.S. Data in Focus

  

  Gold, the timeless safe haven, has been on a dazzling run this year. However, recent market trends suggest a potential pause in its upward trajectory. As U.S. Treasury yields rise and the dollar strengthens, gold’s allure as a safe-haven asset may diminish.Tug-of-War Between Bulls and BearsThe Federal Reserve’s monetary policy …

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• 28 October 2024 7:27 pm

  What investors should know about China’s new lending tool

  

  China’s central bank, the People’s Bank of China (PBOC), has introduced a new lending tool to inject liquidity into the market and bolster the economy. This move comes as billions of yuan in medium-term loans are set to mature by the end of the year.The new tool, an open market …

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• 28 October 2024 2:52 pm

  U.S. Stock Futures Rise Amid Calmer Geopolitics, Key Earnings, and Election Countdown

  

  U.S. stock index futures climbed on Monday, supported by easing geopolitical concerns and anticipation of a busy week, including key technology earnings, nonfarm payroll data, and final U.S. presidential election campaign pushes. By 06:35 ET (10:35 GMT), Dow Jones Futures were up 225 points (0.5%), S&P 500 Futures gained 36 …

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• 28 October 2024 12:37 pm

  European Stocks Edge Higher Amid Easing Middle East Tensions and Event-Heavy Week

  

  European stock markets saw modest gains on Monday as easing tensions in the Middle East provided a positive backdrop at the start of a week loaded with key economic events. By 04:10 ET (08:10 GMT), Germany’s DAX rose 0.3%, France’s CAC 40 gained 0.5%, while the U.K.’s FTSE 100 slipped …

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• 28 October 2024 12:08 pm

  Oil Prices Slide Over 4% as Middle East Tensions Ease

  

  Oil prices fell sharply on Monday, with both Brent and U.S. West Texas Intermediate (WTI) crude futures dropping over 4% after Israel’s weekend strike on Iran bypassed key oil and nuclear facilities. This less severe escalation eased concerns about disruptions to Middle Eastern energy supplies, leading to a price drop. …

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• 28 October 2024 11:25 am

  Gold Drops as Middle East Tensions Ease; Dollar Gains on Election Uncertainty

  

  Gold prices slipped from recent highs in Asian markets on Monday as reduced fears of a broader Middle Eastern conflict softened safe-haven demand for the metal. Traders turned their attention toward the U.S. dollar, with rising demand spurred by upcoming U.S. elections and increased political uncertainty in Japan, where the …

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• 28 October 2024 10:41 am

  Asian Stocks Mostly Gain as Middle East Tensions Ease; Japan Rallies Amid Political Uncertainty

  

  Asian markets saw a mostly positive start on Monday, driven by easing concerns over the Israel-Iran conflict as Israel’s recent attack on Iran spared critical oil and nuclear infrastructure. Japanese markets led the gains, with the Nikkei 225 and TOPIX indices climbing 1.5% and 1.2%, respectively, as political uncertainty reduced …

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• 23 October 2024 7:29 pm

  Lagarde: Need to be cautious in policy decisions

  

  Speaking on the sidelines at the 2024 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) on Wednesday, European Central Bank (ECB) President Christine Lagarde noted that they need to be cautious when asked about market expectations for further rate reductions.“We need to be cautious …

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• 23 October 2024 6:36 pm

  Bank of Canada Delivers Jumbo Rate Cut

  

  In a move that aligned with market expectations, the Bank of Canada (BoC) today announced a significant 50-basis-point reduction in its key interest rate. The decision, which brings the policy rate down to 3.75%, was made at the central bank’s meeting on Wednesday.In its accompanying statement, the BoC indicated that …

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• 23 October 2024 3:55 pm

  Coca-Cola Beats Q3 Expectations but Stock Slips Amid Global Sales Decline

  

  Coca-Cola exceeded expectations in its third-quarter earnings report, yet the company’s stock dropped by over 2% in early trading. The beverage giant reported adjusted earnings per share of $0.77, slightly surpassing analysts’ forecast of $0.75. Revenue also beat expectations, reaching $11.9 billion compared to the anticipated $11.63 billion. Coca-Cola’s organic …

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• 23 October 2024 1:12 pm

  U.S. Dollar Strengthens Amid Interest Rate Uncertainty and Election Risks

  

  The U.S. dollar reached new highs on Wednesday as investor demand for safe-haven assets grew in response to ongoing uncertainties surrounding U.S. interest rates and the upcoming presidential election. At 04:10 ET (08:10 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, rose by …

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• 23 October 2024 11:55 am

  European Markets Drift as Earnings Take Center Stage Amid Growth Concerns

  

  European stock markets saw modest movement on Wednesday as investors digested a wave of third-quarter corporate earnings reports against a backdrop of regional economic uncertainty. By 03:05 ET (07:05 GMT), Germany’s DAX index and France’s CAC 40 both edged 0.1% lower, while the U.K.’s FTSE 100 managed to climb by …

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