Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2020

• 8 December 2020 10:18 pm

  Germany Suspends Debt Ceiling Again

  

  The German parliament on Tuesday suspended, once again, the debt limits in the constitution to allow for increased government borrowing of up to EUR 180 billion in 2021, Reuters reported. The increased government debt aims at funding stimulus spending to help Europe’s largest economy face the economic consequences of the …

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• 8 December 2020 9:52 pm

  USD Fluctuates with Moves in Positive Territory

  

  The US Dollar (USD) is showing some signs of recovery on Tuesday, after declining yesterday near its lowest level since 2018. The American currency is showing some fluctuations against major currencies but mostly moving in the positive direction as shown by the performance of the Dollar index (DXY). The DXY, …

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• 8 December 2020 8:00 pm

  European Stocks End Mostly Higher Amid Optimism

  

  European stocks closed higher on Tuesday, supported by an improved sentiment regarding Coronavirus vaccines and trade talks between the European Union (EU) and the United Kingdom (UK). The Stoxx Europe 600 index closed higher by 0.2% recovering most of its losses on the first session of the week. The UK’s …

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• 8 December 2020 5:26 pm

  Consumer Spending And Exports Drive Growth in Eurozone to a Record High

  

  The European Union’s statistics office said that the euro zone economy recorded the highest quarterly growth rate in the summer, recovering from a record contraction due to the Covid-19 pandemic, amid a significant increase in consumer spending and exports. Eurostat said gross domestic product (GDP) in the 19-nation bloc increased …

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• 8 December 2020 4:58 pm

  British Pound Falling on Brexit Headlines

  

  The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an …

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• 8 December 2020 3:59 pm

  Germany’s ZEW Survey Improves in December

  

  The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November. The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts …

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• 8 December 2020 3:50 pm

  Annual GDP in Eurozone Contracts by 4.3% in Q3

  

  The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …

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• 8 December 2020 3:49 pm

  EU Commission: Brexit Talks Can Continue After Transition Period Ends

  

  A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.

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• 8 December 2020 3:26 pm

  Oil Continues Its Losses With Increasing Pessimism

  

  Oil prices fell on Tuesday, December 8, continuing the losses incurred in the previous session, at a time when California tightened general isolation measures to confront the Coronavirus pandemic during Christmas. Brent crude futures were down 51 cents, or 1.1%, to $ 48.28 a barrel by 07:44 GMT. US West …

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• 8 December 2020 2:43 pm

  Japan’s Economy Grew by 22.9% in Q3

  

  The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%. Household spending in Japan rose for the first …

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• 8 December 2020 2:05 pm

  Gold at a Peak of Two Weeks on Stimulus Headlines

  

  Gold prices rose to a two-week high on Tuesday, December 8th, thanks to hopes that US lawmakers will reach an agreement on a financial stimulus package to ease the economic consequences of the growing infection with the Coronavirus. Gold rose in the spot market 0.3% to $ 1869.06 an ounce …

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• 8 December 2020 1:12 pm

  Japan Stocks Declining for The Third Day, All Eyes on the US Stimulus Debate

  

  Japanese stocks fell for the third session in a row on Tuesday, 8 December, as a month-long rally was exhausted, as investors awaited the decision of US lawmakers on a new package to mitigate the repercussions of the Covid-19 pandemic. The Nikkei index declined by 0.3% to close at 26,467.08 …

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• 8 December 2020 12:29 pm

  UK Vaccination Programme Getting Under Way

  

  The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …

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