Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2020

• 11 August 2020 12:20 pm

  Japan’s Service Sector Sentiment Improves in July

  

  The Japanese services sector sentiment index increased during the month of July, which showed some improvement in business confidence despite the continuing concerns about the impact of the Covid-19 pandemic. The Japanese Cabinet’s Labor Survey of taxi drivers, hotel workers and restaurant employees – dubbed “economy watchers” for their proximity …

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• 11 August 2020 12:17 pm

  Car sales in China are Rising For the Fourth Consecutive Month

  

  Car sales in China jumped 16.4% in July compared to last year, the fourth consecutive month of gains as the world’s largest auto market retreated from its lowest levels during the country’s lockdown due to the Coronavirus. Data from the wholesale sales released by the Chinese Association of Automobile Manufacturers …

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• 11 August 2020 12:12 pm

  Hong Kong Goods For Export to U.S. to be Labelled “Made in China”

  

  While flashing another red signal concerning the US-China trade relations, the South China Morning Post (SCMP) quotes US government notice while saying that goods made in Hong Kong for export to the United States will have to be labeled “Made in China” after September 25. It said that 45 days …

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• 11 August 2020 12:06 pm

  Japan Current Account Surplus Narrows to 5-Year Low

  

  Japan’s current account surplus narrowed to the lowest level in five years in June as exports took a hit due to the Covid-19 on global demand. The current account surplus was JPY 167.5 billion ($1.58 billion), the smallest monthly surplus since January 2015, a finance ministry official said on Tuesday, according …

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• 11 August 2020 12:03 pm

  PBOC Sets Yuan Reference Rate at 6.9711

  

  The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9711 versus Monday’s fix at 6.9649.

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• 11 August 2020 12:02 pm

  WH Adviser O’Brien: US is ‘deeply troubled’ by arrest of Jimmy Lai

  

  White House (WH) National Security Adviser O’Brien said in a statement early Tuesday, the US is ‘deeply troubled’ by the arrest of Hong Kong media tycoon Jimmy Lai. His comments come after the geopolitical tensions intensified between the US and China after the police in Hong Kong arrested Jimmy Lai, …

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• 11 August 2020 11:54 am

  UK unemployment rate beats with 3.9% in June

  

  The UK has reported mixed labor figures. The unemployment rate remained depressed at 3.9% in June, a result of the government’s furlough schemes. Wages dropped by 1.2% when including bonuses and -0.2% when excluding them.  The Claimant Count Change for July disappointed by leaping by 94,400, far worse than 10,000 …

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• 10 August 2020 10:56 pm

  Unemployment in Switzerland at 3.2% in July

  

  Unemployment in Switzerland declined in July compared with its level in June, but remained higher by about 53% compared with its level in July 2019. The unemployment rate registered 3.2% last month, according to data by the Swiss State Secretariat for Economic Affairs (SECO). The Swiss Franc (CHF) is declining …

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• 10 August 2020 8:55 pm

  European Stocks Settle Higher on Monday

  

  European stocks closed higher on Monday, despite concerns about the COVID-19 pandemic and tensions between the U.S. and China. The STOXX Europe 600 index closed higher by around 0.2%, shedding some of its gains earlier in the session. In London, the FTSE100 index added 0.31%, while the French CAC40 closed …

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• 10 August 2020 8:29 pm

  U.S. Jolt Job Openings Down 500K in June

  

  Job openings in the United States rose in June more than expected, as shown by data released on Monday. The new job openings increased to 5.89 million in June, from a revised 5.37 million in May, as per daya by the U.S. Department of Labor’s Job Openings and Labor Turnover …

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• 10 August 2020 8:22 pm

  WHO Warns Against Funding Gap in COVID-19 Fight

  

  The World Health Organization (WHO) has warned that a gap in funding could negatively affect the fight against the coronavirus (COVID-19) pandemic, CNBC reported. “We have to fundamentally scale up the way we are financing the ACT-Accelerator and prioritize the use of new tools.”said the head of WHO, Tedros Adhanom …

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• 10 August 2020 4:08 pm

  French Economic Activity Down in July

  

  French economic activity in July declined by 7% from its pre-pandemic level, which reflects a slight improvement compared to June, which recorded a decrease of 9%. The construction sector approaches pre-pandemic levels, according to the latest report issued by the French Central Bank. In its monthly business conditions report, the …

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• 10 August 2020 3:59 pm

  China Annual Inflation Exceeds Expectations

  

  The annual inflation reading in China improved in July above market expectations, as the CPI grew by 2.7% year on year, higher than the expected 2.6%, and also recorded 0.6% on m-o-m in July. At the same time, the producer price index recorded a contraction more than expected, contracting on …

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