Noor Trends News, Technical Analysis, Educational Tools and Recommendations

June, 2024

• 4 June 2024 12:43 pm

  European Stocks Retreat Amid ECB Caution and US Labor Market Data Anticipation

  

  European stock markets experienced a downturn on Tuesday, driven by investor caution ahead of the European Central Bank’s (ECB) upcoming policy meeting later in the week. As of 03:20 ET (07:20 GMT), the DAX index in Germany declined by 0.6%, the CAC 40 in France fell by the same margin, …

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• 4 June 2024 11:48 am

  Asian Markets Dip on India Election Results and U.S. Economic Concerns

  

  Asian share markets experienced a downturn on Tuesday as global investors awaited the official results of India’s general election and assessed the potential weakening of the U.S. economy’s exceptionalism amid further decline in manufacturing activity. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4%, despite mild gains in U.S. …

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• 4 June 2024 5:41 am

  Market Drivers; US Session, June 3

  

  The New York Stock Exchange said Monday that a technical issue that halted trading for some major stocks and caused Berkshire Hathaway to be down 99.97% has been resolved. In an update, NYSE said impacted stocks have reopened and “all systems are currently operational.” Inter-continental Exchange, the parent company of …

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• 4 June 2024 4:30 am

  Japan’s Suzuki: Early May intervention was in a response to speculations

  

  Japanese Finance Minister Shunichi Suzuki said on Tuesday that foreign exchange (FX) intervention had effects to some effects, adding that the central bank will continue to respond appropriately when asked about forex. At the time of writing, USD/JPY is 0.19% higher on the day trading at 156.38. the USD/JPY pair …

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• 4 June 2024 3:16 am

  Why have some of Warren Buffett’s shares dropped by 100%?

  

  On the opening day of the new trading week, there were trading disruptions on the New York Stock Exchange due to a technical issue that resulted in the suspension of trading in certain blue-chip companies and large losses for other equities during Monday’s session.The most severely impacted company by this …

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• 3 June 2024 11:06 pm

  Brent Falls Below $80 For First Time Since February

  

  The nearest contract for Brent futures dropped 3.59 percent to $78.19 at the time of writing, while the American WTI contract was down 3.43 percent at $74.26. it is worth mentioning that Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, …

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• 3 June 2024 10:19 pm

  Dow Jones retreats following ISM PMI

  

  Investors’ growing concerns regarding weakening US data have caused the Dow Jones to reverse. Bets on a November Fed rate drop have taken over in the markets. With a steep decline in stocks on Monday, NFP week officially begins. Investors pulled back after the US ISM Manufacturing Purchasing Managers Index …

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• 3 June 2024 8:02 pm

  Gold rebounds after US Manufacturing ISM data

  

  Gold recovers from three-week lows after negative US ISM Manufacturing data and fall in US yields. Asian demand and cooling inflation expectations further support Gold’s bounce. Technicals remain bearish after a breakout from a Bear Flag. Gold (XAU/USD) recovers to trade in the $2,340s on Monday after the release of …

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• 3 June 2024 7:17 pm

  New York Stock Exchange Faces Technical Issue Impacting Tens of Stocks

  

  The New York Stock Exchange said that technical issue is related to a mechanism designed to prevent stock prices from swinging wildly.On Monday, the New York Stock Exchange said Monday’s technical issue is related to a mechanism designed to prevent stock prices from swinging wildly as Berkshire Hathaway and dozens …

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• 3 June 2024 3:24 pm

  Dollar Stabilizes on Easing Inflation, Rate Cut Prospects in Focus

  

  The U.S. dollar remained stable on Monday as investors grew increasingly confident about the possibility of the Federal Reserve cutting interest rates in 2024 due to signs of easing inflation. Meanwhile, the euro remained calm ahead of an expected rate cut by the European Central Bank this week. Emerging market …

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• 3 June 2024 1:59 pm

  European Stocks Rise on ECB Rate Cut Anticipation, Focus on US Jobs Data

  

  European stock markets rebounded on Monday, driven by investor optimism surrounding an expected interest rate cut from the European Central Bank (ECB). Simultaneously, government bond yields decreased, while attention shifted to U.S. jobs data as a key indicator of inflation trends. The pan-European STOXX index experienced a 0.6% increase by …

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• 3 June 2024 1:07 pm

  Eurozone Manufacturing Downturn Shows Signs of Easing

  

  The prolonged downturn in eurozone manufacturing activity may be nearing its end, according to a recent survey revealing a slower pace of decline in new orders compared to the past two years. This positive development has led to improved business confidence within the sector. HCOB’s final euro zone manufacturing Purchasing …

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• 3 June 2024 10:50 am

  Gold Dips as Risk-On Sentiment and Easing Geopolitical Tensions Outweigh Rate Cut Hopes

  

  Gold prices retreated in Asian trading on Monday, despite a weaker dollar and increased expectations of rate cuts. A surge in risk-driven assets, fueled by optimism over cooling U.S. inflation and potential easing of geopolitical tensions in the Middle East, overshadowed the allure of the yellow metal. Spot gold declined …

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