Noor Trends News, Technical Analysis, Educational Tools and Recommendations

October, 2024

• 21 October 2024 3:09 pm

  Oil Prices Rebound as Concerns Over China and Middle East Ease

  

  Oil prices rose on Monday, recovering some of last week’s steep losses driven by concerns over China’s economic slowdown and easing tensions in the Middle East. Brent crude futures increased by $1.16, or 1.6%, to $74.22 per barrel at 1036 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.32, …

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• 21 October 2024 2:03 pm

  European Shares Struggle Ahead of Key Corporate Earnings, Energy Stocks Lead Gains

  

  European shares wavered on Monday after two consecutive weeks of gains, as investors awaited key corporate earnings reports, with stabilizing oil prices supporting the energy sector. The pan-European STOXX 600 index remained flat at 0845 GMT, fluctuating between minor gains and losses. Last week, the STOXX 600 gained momentum following …

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• 21 October 2024 12:57 pm

  U.S. Dollar Gains Momentum Amid Rising Trump Election Prospects

  

  The U.S. dollar strengthened on Monday, building on its recent gains as the U.S. presidential election approaches, with growing expectations that former President Donald Trump may secure a victory in the 2024 race. At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against six major currencies, rose …

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• 21 October 2024 11:33 am

  Oil Prices Edge Higher After Last Week’s Slump Amid China Demand Concerns and Middle East Tensions

  

  Oil prices rose slightly in Asian trading on Monday, following a sharp decline last week driven by worries over slowing demand in China, the world’s largest oil importer, and easing concerns about supply disruptions in the Middle East. Brent crude futures gained 0.37%, or 27 cents, to trade at $73.33 …

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• 21 October 2024 10:38 am

  Bitcoin Surges to Three-Month High Amid Speculation of Trump 2024 Victory

  

  Bitcoin prices climbed on Monday, briefly reaching a three-month high as speculation grew over Donald Trump’s chances of winning the 2024 U.S. presidential election. The world’s largest cryptocurrency has seen a sharp rally over the past week, spurred by polls and prediction markets indicating a potential Trump victory, though analysts …

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• 21 October 2024 9:46 am

  Gold Surges to Record High Amid U.S. Election Uncertainty and Middle East Tensions

  

  Gold prices soared to a new record in Asian trading on Monday, driven by increased safe-haven demand as geopolitical tensions in the Middle East intensified and uncertainty loomed over the upcoming U.S. presidential election. Spot gold climbed 0.4% to $2,732.86 per ounce, while December gold futures rose 0.6%, reaching $2,747.70 …

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• 21 October 2024 12:54 am

  Weekly Recap: Market Rollercoaster Starring Geopolitics, Tech Tumble, and Alpha Picks Shine

  

  This week, global stock markets continued their upward trajectory, driven primarily by robust performance in tech stocks as well as positive sentiment surrounding China’s economic stimulus measures. Major US indices, including the S&P 500 and the Dow Jones Industrial Average, reached fresh all-time highs, extending their winning streaks to six …

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• 18 October 2024 11:31 pm

  Dollar Pauses as Market Awaits Fed Signals

  

  The US Dollar experienced a pullback on Friday, primarily driven by profit-taking after a recent surge. Investors are keenly focused on upcoming speeches by Federal Reserve officials, which could provide clues about the central bank’s monetary policy trajectory.Housing Data Shows WeaknessMeanwhile, US housing data released earlier in the day revealed …

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• 18 October 2024 10:55 pm

  Dow climbs to fresh highs following positive earnings

  

  The Dow Jones Industrial Average (DJIA) continued its upward trajectory on Friday, reaching a new record high. This surge was primarily driven by strong Q3 earnings reports from various companies, which surpassed market expectations and bolstered investor confidence. Additionally, positive economic data, including upbeat Retail Sales and construction figures, eased …

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• 18 October 2024 9:45 pm

  Market Oversupply Looms as Demand Forecasts Weaken

  

  The global oil market is facing a significant oversupply next year, according to recent forecasts from both OPEC and the International Energy Agency (IEA). Both organizations have revised their oil demand projections downwards, indicating a potential surplus in the market.Commerzbank commodity analyst Carsten Fritsch noted that OPEC now expects global …

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• 18 October 2024 8:36 pm

  T-yields plunge following fresh us data

  

  U.S. Treasury yields have declined, pressured by a fresh batch of positive economic data and uncertainty surrounding the 2024 U.S. presidential election and the Federal Reserve’s future interest rate path. Treasury yields dropped to 4.074%, compared to the previous day’s close of 4.096%. Yields on these sovereign securities had reached …

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• 18 October 2024 7:25 pm

  This is why Volvo’s earnings slipped

  

  Volvo has reported a significant decline in earnings for the third quarter of 2024, primarily driven by a slowdown in the demand for trucks and construction equipment. Reduced economic activity in the construction sector and a model changeover in Europe have contributed to this decline.While Volvo’s bus operations have shown …

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• 18 October 2024 3:53 pm

  U.S. Stock Futures Rise on Tech Gains, Netflix Surges After Strong Results

  

  U.S. stock futures edged higher on Friday, driven by technology sector gains, particularly in the Nasdaq 100. Leading the charge was Netflix, whose shares jumped 6.5% in premarket trading after exceeding Wall Street expectations for subscriber growth and projecting continued growth through the end of the year. Other “Magnificent Seven” …

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