Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2020

• 8 September 2020 11:06 am

  Japan’s Economy Contracted For The Third Consecutive Quarter

  

  Japan’s economy contracted during Q2 of this year at a record annual rate of 28.1%, after adjusting from a preliminary figure of 27.8% that was estimated last month. The reading came in line with analysts’ expectations for a 28.4% contraction. This represents the third consecutive quarterly contraction, the largest decline …

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• 8 September 2020 11:02 am

  Germany’s Exports Rose in July, But Below Pre-Pandemic Levels

  

  Data showed that German exports increased 4.7% in July, indicating that Germany’s economic recovery from the Coronavirus crisis remains on track, although export shipments are still well below the pre-crisis level. The Federal Statistics Office said that imports rose only 1.1% on a monthly basis, bringing the trade surplus adjusted …

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• 8 September 2020 10:37 am

  Trump Raises Prospect of “Decoupling” US Economy From China

  

  US President Donald Trump raised the idea of the US economy decoupling from the Chinese economy, indicating that the United States will not lose money if business activities between the two countries ceased. “decoupling, it’s an interesting word,” Trump told during a news conference at the White House. “We will …

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• 8 September 2020 2:16 am

  Dubai TV Interview, September 7, 2020

  

  The main remarks by Mohamed Hashad, Director of Research and Development at Noor Capital, to Dubai TV on Monday, September 7, 2020. Wall Street Recent remarks by the Federal Reserve at the Jackson Hall annual conference and the review of its policy, allowing inflation to go above the long-term target …

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• 8 September 2020 1:14 am

  The Main Challenges Facing Japan’s Next Prime Minister

  

  Shortly after Japanese Prime Minister Shinzo Abe announced that he is stepping down due to health issues, the market reacted with anticipation for the one who will replace Japan’s longest serving PM. A recent report by CNBC explored the main challenges facing the next Prime Minister of Japan, noting that …

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• 7 September 2020 10:58 pm

  UK Housing Prices Reach New Record High

  

  House prices in the United Kingdom recorded a huge rise last month, reaching a new record level, according to data by IHS Markit. The Halifax House Price Index increased by 5.2% in August on an annual basis. This is the largest rise for the house-pricing index since late 2016. The …

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• 7 September 2020 10:32 pm

  Wall Street Awaits Another Tech Bubble

  

  The recent fall of tech stocks on Wall Street led to rising concerns regarding the outlook for the stock market, amid worries that recent surges and record-breaking activity went in the opposite direction of the troubled economy due to the Coronavirus (COVID-19) crisis. “I think we are certainly in bubble …

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• 7 September 2020 9:45 pm

  Italian Competition Authority Investigates Google, Apple

  

  Competition authorities in Italy are investigating the cloud storage services run by Apple, Dropbox, and Google, CNBC reported. The Italian Competition and Market Authority has reportedly launched a total of six investigations into Google Drive, the iCloud and DropBox, after several complaints for unfair practices. The complaints involve how the …

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• 7 September 2020 8:28 pm

  European Stocks Finish with Strong Gains

  

  The European stock markets showed a strong rebound on Monday, opening the week with high gains after two consecutive losses that were driven by a slump in the tech sector. The pan-continental STOXX Europe 600 index closed higher by 1.6%, while the UK’s FTSE100 surged by 2.39%. In Germany, the …

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• 7 September 2020 7:01 pm

  DXY Maintains Rising Trend

  

  The Dollar Index (DXY) is maintaining its recent rising trend on Monday, with the US Dollar (USD) showing a strong performance across the board. The DXY, which measures the performance of the USD against a basket of six major international currencies, is up by 0.25% for the day at 92.95, …

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• 7 September 2020 5:51 pm

  Britain Plans to Pass Legislation Beyond Parts of The Brexit Deal

  

  The Financial Times reported that the British government plans to pass new legislation that overrides key parts of the Brexit deal to withdraw from the European Union, which threatens to break down negotiations with Brussels. Citing three sources familiar with the plan, the newspaper said that provisions in the internal …

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• 7 September 2020 5:38 pm

  Gold Falls With The Rise of US Dollar, Eyes on Central Banks

  

  Gold fell on Monday, September 7th with the dollar achieving gains, but economic uncertainty prevented it from falling further as investors awaited developments from central banks. The gold spot fell 0.1% to 1929.87 dollars an ounce by 12:28 GMT. Gold rose in US futures trading 0.1% to 1935.10 dollars an …

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• 7 September 2020 5:24 pm

  Eurozone Bond Yields Rise

  

  Bond yields in the Eurozone rose during trading on Monday, on signs of an improvement in the global economy, as countries deal with increasing borrowing requirements to help finance the response to the Covid-19 crisis. The data showed that China’s exports rose the most in nearly a year and a …

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