Noor Trends News, Technical Analysis, Educational Tools and Recommendations

February, 2023

• 24 February 2023 11:20 pm

  Fed’s Bullard: Soft landing is feasible in the US

  

  “Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead,” St. Louis Federal Reserve President James Bullard said on Friday.Bullard’s comments don’t seem to be having a significant impact on …

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• 24 February 2023 10:15 pm

  Research paper: Fed won’t tame inflation without more hikes

  

  The Fed will unlikely bring down inflation without having to raise interest rates ‘significantly’ higher, causing a recession, according to a research paper released on Friday.Former Fed Governor Frederic Mishkin is one of the authors of the white paper that examines the history of central bank efforts to create disinflation. …

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• 24 February 2023 9:25 pm

  US inflation data sharply drags Bitcoin lower

  

  Risky assets fell following Friday’s inflation report, with bitcoin losing about $762.36 to trade below $23,190.00, within a few dollars of its lowest level of this week. Nasdaq 100 futures were down 1.9%, and S&P 500 futures are lower by 1.4%.The January PCE Price Index unexpectedly rose to 5.4% on …

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• 24 February 2023 8:41 pm

  Dow drops on fresh US inflation data

  

  US stocks sharply dropped on Friday following the Federal Reserve’s favourite inflation gauge showing a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 390 points, or 1.2%. The S&P 500 and Nasdaq Composite retreated 1.6% and 2.0%, respectively. The Dow fell as much as 510 points, …

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• 24 February 2023 7:38 pm

  US data has subjected gold to fresh pressure

  

  The US dollar and yields rise further after Friday’s US economic data. US Core PCE rose above expectations in January. Gold reacted by hitting fresh weekly lows near $1,810. Gold prices dropped further after the beginning of the US trading session amid a stronger US dollar and higher Treasury bond …

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• 24 February 2023 5:37 pm

  Warner Bros Discovery falls as results trail estimates

  

  Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …

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• 24 February 2023 4:41 pm

  Reuters: U.S., China to hold deputy-level bilateral talks on debt

  

  The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …

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• 24 February 2023 3:48 pm

  UK issues export bans on every item used by Russia in war

  

   Britain marked the one-year anniversary of the invasion of Ukraine by issuing more sanctions against Russia, including export bans on every item it has used on the battlefield and import bans of iron and steel goods. Britain has frozen assets and targeted a wave of Russian officials and companies in …

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• 24 February 2023 2:55 pm

  A slight decline in gold due to concerns about rates

  

  Gold prices fell slightly on Friday as investors worried that stronger-than-expected recent US economic data could prompt the Federal Reserve to continue raising interest rates for a longer period. Spot gold fell 0.1 percent to $1,821.80 an ounce, by 0745 GMT. While US gold futures rose 0.2 percent to $1,831.00. …

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• 24 February 2023 1:46 pm

  European stocks rise with the support of French Saint-Gobain and Swedish Elekta

  

  European stocks opened higher on Friday, February 24, supported by optimistic earnings reports from French building materials company Saint-Gobain and Swedish medical equipment Elekta. The Stoxx 600 rose 0.4%, tracking the rally in Asian markets after the Bank of Japan’s exclusion of an early end to monetary easing pushed down …

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• 24 February 2023 12:53 pm

  German GDP contracted 0.4% in Q4

  

  The German economy contracted at the end of last year as inflation and the energy crisis affected household consumption and capital investment. The Federal Statistics Office said on Friday that the country’s economy contracted 0.4 percent in the last quarter of 2022 compared to the previous three months. Preliminary data …

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• 24 February 2023 12:37 pm

  Oil is rising, supported by fears of a reduction in Russian supplies

  

  Oil prices extended their gains for the second consecutive session on Friday, as the impact of expectations of lower exports from Russia outweighed the increase in inventories in the United States. By 0215 GMT, Brent crude futures were up 61 cents, or 0.7 percent, at $82.82 a barrel. West Texas …

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• 24 February 2023 11:58 am

  Reuters sources: Russia plans to reduce its oil exports by up to 25%

  

  According to a press report, Russia plans to implement significant cuts to its oil exports in order to raise the price of crude for the West. And according to what sources told Reuters, Russia may reduce shipments from its western export hubs by up to 25% by March. The sources …

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