Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2022

• 2 March 2022 2:39 pm

  Eurozone Preliminary Inflation Jumps to 5.8% YoY in February

  

  The annualized Eurozone Harmonised Index of Consumer Prices (HICP) jumps by 5.8% in February, coming in much higher than the previous reading of 5.1%, the latest data published by Eurostat showed on Wednesday. The consensus forecast was for a hotter reading of 5.4%. The core figures arrived at 2.7% YoY …

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• 2 March 2022 2:00 pm

  Expectations of OPEC+ Commitment to Modest Production Increases

  

  Officials said that the OPEC + bloc will likely adhere to modest oil production increases when it meets on Wednesday, with Saudi Arabia and the United Arab Emirates, two of the largest members of the Organization of the Petroleum Exporting Countries, complying with the agreement with Russia, despite the expansion …

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• 2 March 2022 1:12 pm

  The Russian Central Suspends Moscow Stock Exchange

  

  The Central Bank of Russia decided not to resume trading on the Moscow Stock Exchange today, Wednesday, in the stock market sector, with a few exceptions. The Russian Central Bank said that the decision on trading tomorrow, March 3, will be taken before nine o’clock in the morning Moscow time …

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• 2 March 2022 12:12 pm

  Japan Shares Fall on Sentiment Affected by Sanctions on Russia

  

  Japanese stocks fell after a three-session rally to close lower on Wednesday, as growing concerns about the impact of Western sanctions imposed on Russia after its invasion of Ukraine prompted investors to shun risky assets and seek safe-havens. The Nikkei index fell 1.68 percent to close at 26,393.03 points, while …

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• 2 March 2022 11:29 am

  Russia’s oil production rises in February as sanctions paralyze trade

  

  Reuters calculations, based on a report by the Interfax news agency, showed that Russia’s production of oil and gas condensate rose in February to 11.06 million barrels per day, while trade in crude was hampered by the sanctions imposed due to developments in Ukraine. Production increased from 11 million barrels …

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• 2 March 2022 10:26 am

  Boeing Suspends Spare Parts, Maintenance For Russian Airlines

  

  US planemaker Boeing said on Tuesday it would suspend spare parts, maintenance, and technical support for Russian airlines, and also suspend major operations in Moscow after Russia’s invasion of Ukraine. “As the conflict continues, our teams are focused on ensuring the safety of our colleagues in the region,” a Boeing …

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• 2 March 2022 3:10 am

  Chaos Ignites Safe Haven Assets, Commodities Spikes

  

  Eastern Europe geopolitical tensions are stilling leading market movements. Safe-haven assets turned higher, as Russia escalated its attacks on Ukraine, while President Putin said that the invasion would continue until he reaches his goal.Usually neutral countries are joining global efforts to stop Russia. Switzerland and Finland, among others, are either …

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• 2 March 2022 2:19 am

  Will OPEC+ Stick To Preset Plan Despite Ukraine’s Invasion?

  

  The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, have been unwinding historic production cuts they instated in 2020 after the pandemic caused an unprecedented fall in global demand.Then, former US President Donald Trump intervened to encourage Riyadh and Moscow to end a …

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• 2 March 2022 2:01 am

  US Equities Slide Amid Concerns On Western Sanctions

  

  US equities are sharply lower on Tuesday’s US session as investors express concerns and fret about the global economic impact of the West’s harsh sanctions against Russia.Russians intensified bombardment of Ukrainian cities. Commodity prices, including crude oil, natural gas and wheat, surged on Tuesday, igniting further concerns about longer-lasting inflationary …

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• 2 March 2022 1:40 am

  Economic Plans, Sanctions In Focus As Biden Delivers First State of the Union Address

  

  US President Biden will deliver his first State of the Union address Tuesday, within a few hours, as he seeks to contain the impact of the running war in Ukraine, guide the US and its economy through the Covid-19 pandemic, and help buoy Democrats in November’s midterm elections.Biden will juggle …

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• 2 March 2022 1:07 am

  Will Gold’s Old Resistance Turn Into Support?

  

  Gold rises for the second consecutive day on Tuesday, back above the $1900 mark so far, and it will likely remain higher as geopolitical tensions persist. Ukraine – Russia conflict does not appear to end in the short term, despite Monday’s first round of talks between officials from both countries. …

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• 2 March 2022 12:00 am

  Putin Prohibits Foreign Currency Shipments From Russia

  

  Russian President Vlademir Putin has issued a directive prohibiting foreign currency shipments from Russia in amounts greater than $10,000 as of Wednesday 2 March according to Kremlin’s statement. As the Western sanctions aim to cripple the Russian economy, this latest move could be a sign that Putin is concerned. The …

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• 1 March 2022 11:27 pm

  BoE’s Mann: UK inflation heading to 7.25% in April

  

  The Bak of England’s Catherine Mann said that UK inflation is heading to 7.25% in April.She voted for a 50 basis point rise in interest rates this month because she saw little sign of an easing in the public’s price expectations, which risk causing inflation to stay too high for …

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