Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 1 December 2020 10:19 pm

  ISM Manufacturing PMI Declines in November

  

  Economic activity in the manufacturing sector in the United States expanded during November, with the overall economy notching a seventh consecutive month of growth, according to Tuesday’s data by ISM. The November Manufacturing Purchasing Managers’ Index (PMI) registered 57.5 percent, down 1.8% from the October reading of 59.3 percent. This …

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• 1 December 2020 10:14 pm

  Canada’s Manufacturing Activity Expands in November

  

  Manufacturing activity in Canada maintained a good expansion pace last month, data showed on Tuesday. The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 55.8 in November, up from 55.5 in October. The headline index has now posted above the 50.0 no-change threshold in each month …

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• 1 December 2020 9:29 pm

  US Manufacturing PMI Surges in November

  

  The IHS Markit United States Manufacturing Purchasing Managers’ Index (PMI) showed during November the biggest improvement in operating conditions since September 2014. This comes as the seasonally adjusted IHS Markit final U.S. Manufacturing PMI posted 56.7 last month, up from 53.4 in October. It was also the seventh successive monthly …

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• 1 December 2020 7:15 pm

  British Consumer Confidence Improves on Vaccine Progress

  

  Consumer confidence in the United Kingdom (UK) slightly rose during, data by YouGov showed on Tuesday, Reuters reported. This comes on the back of positive vaccine news. The YouGov index for consumer confidence in Britain increased to 102.3, up from 101.4 in the prior month.

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• 1 December 2020 7:04 pm

  ISM Manufacturing PMI Retreats to 57.5

  

  The ISM’s Manufacturing PMI in November declined to 57.5 in November from 59.3 and fell short of analysts’ estimate of 58.

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• 1 December 2020 6:54 pm

  British Factories Recorded The Fastest Growth in Nearly 3 Years in November

  

  A survey on Tuesday (December 1st) showed that British factories registered the fastest growth in nearly three years last month as they stockpiled raw materials and scrambled to complete work before new customs rules after Britain’s exit from the European Union came into effect on January 1. The IHS Markit …

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• 1 December 2020 5:47 pm

  Canada: Real GDP Expands by 8.9% in Q3

  

  Real Gross Domestic Product (GDP) in Canada grew by 8.9% on a quarterly basis in the third quarter after contraction by 11.3% in the second quarter, the data published by Statistics Canada showed on Tuesday. On a yearly basis, the economy expanded by 40.5% in Q3 and missed the market …

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• 1 December 2020 4:44 pm

  The Turkish Lira Drops 1% After New Measures Regarding Coronavirus

  

  The Turkish lira fell on Tuesday, December 1, by 1% against the dollar, after the government imposed new general isolation measures for the weekend and other measures to combat a record jump in infections and deaths from the Coronavirus. The currency fell to 7.91 by 08:30 GMT. The currency stabilized …

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• 1 December 2020 3:45 pm

  Consumer Prices in The Eurozone Fell More Than Expected in November

  

  A preliminary estimate from the European Union statistics office Eurostat showed that consumer prices in the euro area fell more than an expected year on year in November, weighed by a sharp drop in energy costs. Eurostat said that inflation in the 19 euro-zone countries registered -0.3% on an annual …

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• 1 December 2020 2:40 pm

  The Dollar is Giving Back Some of Its Gains as Focus Shifts to The US Fed Meeting

  

  The US dollar, under pressure on Tuesday, December 1, gave up some of the gains it had made by the end of the month, as investors expect a further monetary easing from the US Federal Reserve and rallying recovery elsewhere. The Australian and New Zealand dollars, which are highly risk-sensitive, …

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• 1 December 2020 1:48 pm

  Industrial Activity in China Accelerated at The Fastest Pace in 10 Years, to 54.9 in November

  

  A survey of businesses in China showed activity in the factory sector accelerated at the fastest pace in a decade in November, as the world’s second-largest economy recovers to pre-epidemic levels. The Caixin / Markit Manufacturing PMI rose to 54.9 from 53.6 in October, with the index staying above the …

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• 1 December 2020 1:20 pm

  Gold Recovering From a 5-Month Low as The Spread of Covid-19 Threatens Economic Recovery

  

  Gold prices rose on Tuesday, December 1, after heavy selling that pushed it to its lowest level in nearly five months in the previous session, to renewed interest in the yellow metal, which represents a safe haven in light of the high number of cases of Covid-19, which blurred the …

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• 1 December 2020 12:29 pm

  Nikkei Index Closes Near Its 29-And-a-Half Year High Thanks to Vaccine Hopes And Stimulus

  

  Japan’s Nikkei index closed Tuesday, December 1, near its 29-and-a-half-year high, tracking gains in US equity futures thanks to growing optimism that major pharmaceutical companies will introduce a coronavirus vaccine before the end of the year. The benchmark Nikkei Index rose 1.34% to close at 26,787.54 points, near its highest …

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