Noor Trends News, Technical Analysis, Educational Tools and Recommendations

August, 2022

• 16 August 2022 10:08 pm

  Earnings Push Dow 267 points higher

  

  Strong earnings announced by Walmart and Home Depot helped push Dow Jones and the S&P 500 indexes on Tuesday. Shares of both companies are trading higher Tuesday afternoon, sending the Dow Jones Industrial Average into the green territory. The Dow DJIA was most recently trading 267 points (0.8%) higher, as …

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• 16 August 2022 9:25 pm

  US: Atlanta Fed GDPNow for Q3 declines to 1.8%

  

  According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 1.8% in the third quarter, down from 2.5% in the previous estimate.“After recent releases from the US Department of the Treasury’s Bureau of the Fiscal Service, the US …

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• 16 August 2022 8:06 pm

  Germany’s nuclear power plants kept running

  

  The German government plans to keep the last three nuclear power plants operational, the Wall Street Journal reported on Tuesday.After having shut down three of the six remaining power plants back in January, German economy and environment ministers reaffirmed in March that the costs and risks of keeping nuclear facilities …

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• 16 August 2022 7:12 pm

  Walmart CFO comments on spending

  

  Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline.Walmart stock popped …

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• 16 August 2022 6:47 pm

  The RBNZ may take a more hawkish tilt

  

  The Reserve Bank of New Zealand (RBNZ) will announce its monetary policy decision on Wednesday, August 17 at 02:00 GMT. After July’s central bank meeting, the RBNZ hinted at concerns about slowing growth. Even heading into July’s meeting, the Bank of New Zealand head of research warned that the latest …

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• 16 August 2022 6:35 pm

  Market Drivers – European Session 16/8/2022

  

  European shares extended gains for the fifth consecutive session on Tuesday, supported by the mining and defense sectors, although fears of a possible recession limited the pace of the indices’ upside. An internal European Union document shows the bloc plans to fivefold financial support for an African military mission in …

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• 16 August 2022 5:14 pm

  Annual CPI declines to 7.6% in July

  

  As measured by the Consumer Price Index (CPI), inflation in Canada declined to 7.6% yearly in July from 8.1% in June, the data published by Statistics Canada revealed on Tuesday. This print came in line with the market expectation. The Bank of Canada’s (BOC) Core CPI, which excludes volatile food …

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• 16 August 2022 4:36 pm

  Dollar rises amid concerns about China’s growth

  

  The dollar rose to a one-week high on Tuesday, August 16, after weak data on the global economy, particularly in China, raised fears of a recession and cast a shadow over currencies such as the Australian dollar. The dollar index, which measures the greenback’s performance against a basket of currencies, …

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• 16 August 2022 4:07 pm

  Gazprom’s gas exports to the CIS fell by 36% from January to August

  

  Russia’s Gazprom announced Tuesday, August 16, that natural gas exports to the Soviet Union amounted to 78.5 billion cubic meters between January 1 and August 15, down 36% year-on-year. It was 13% viewership over the previous year.

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• 16 August 2022 2:45 pm

  German ZEW Economic Sentiment Index declines to -55.3 in August

  

  The Economic Sentiment Index component of the ZEW Survey for Germany declined to -55.3 in August from -53.8 in July. This reading came in worse than the market expectation of -53.8. Furthermore, the Current Situation Index declined to -47.6 from -45.8. Finally, the Economic Sentiment Index for the eurozone slumped …

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• 16 August 2022 1:33 pm

  Gold prices stabilize as US Treasury yields fall due to the dollar’s rise

  

  Gold prices stabilized on Tuesday, as a stronger dollar and fears that the Federal Reserve would raise interest rates again put pressure on US bond yields. And gold settled in spot transactions at $ 1779.39 an ounce, and US gold futures fell 0.1 percent to $ 1795.70. The US 10-year …

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• 16 August 2022 12:45 pm

  The Nikkei index closes stable amid economic concerns

  

  Japan’s Nikkei closed little changed on Tuesday; energy-related stocks and shipping companies were the biggest losers, while sentiment was lowered by concerns about slowing US and Chinese economies. The Nikkei index closed down 0.01 percent at 28,868.91, ending two days of gains that brought it to its highest level in …

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• 16 August 2022 12:15 pm

  Oil extends losses as demand outlook continues to weaken

  

  Oil prices fell on Tuesday after disappointing economic data from China, the largest crude buyer, revived fears of a global recession. Brent crude futures fell 73 cents, or 0.8 percent, to $ 94.37 a barrel by 0313 GMT. US West Texas Intermediate crude futures fell 44 cents, or 0.5 percent, …

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