Noor Trends News, Technical Analysis, Educational Tools and Recommendations

April, 2022

• 21 April 2022 10:14 pm

  BoE’s Bailey: Scale of real income shock will cause slowdown in UK growth

  

  Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …

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• 21 April 2022 9:59 pm

  Powell Reiterates Fed’s plan to get interest rates “expeditiously” to neutral

  

  Fed Chairman Jerome Powell on Thursday said the central bank is committed to raising rates “expeditiously” to bring down inflation. When asked about the topic of inflation at an IMF panel, Powell noted that the Fed is no longer counting on inflation coming back down, as these expectations of supply-side …

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• 21 April 2022 6:29 pm

  Biden: US sends weapons directly to the Ukraine front lines

  

  US President Joe Biden, in a speech about the latest US military aid package for Ukraine, said that the US is sending weapons “directly to the front lines of freedom”, reported Reuters on Thursday. Joe Biden took to the podium today to announce that the US will provide another $800m …

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• 21 April 2022 5:56 pm

  White House: Strong GDP Growth In 2022

  

  The White House sees more risks to US economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.A senior administration official said inflation, caused in part by Russia’s attack on Ukraine, and supply chain hiccups are additional …

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• 21 April 2022 4:46 pm

  Nasdaq leads US stock gains ahead of today’s session

  

  There were 184,000 US Initial Jobless Claims in the week ending on 16 April, the latest data released by the US Department of Labour showed on Thursday, a tad above the expected decline to 180,000 from 186,000 a week earlier. That meant the four-week average number of initial claims rose …

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• 21 April 2022 2:40 pm

  The euro rises to its highest level in a week

  

  The euro rose to a one-week high on Thursday as market expectations crystallized that the European Central Bank would implement its first interest rate hike as soon as July. European Central Bank President Joachim Nagel joined other policymakers this week in saying the bank may raise interest rates at the …

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• 21 April 2022 1:59 pm

  Eurozone final inflation rises 2.4% MoM in March

  

  Eurozone’s Inflation rose 7.4% in March, on a yearly basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading disappointed expectations of 7.5% while against the 7.5% previous. Core figures rose by 2.9%, missing the 3.0% market estimates.

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• 21 April 2022 1:50 pm

  German exports to Russia fell 57.5% in March

  

  Germany’s exports to Russia fell 57.5 percent to 1.1 billion euros ($1.2 billion) in March due to sanctions imposed on Moscow after its invasion of Ukraine, the German Federal Statistics Office said on Thursday. This pushed Russia down from the fifth largest market for Germany outside the European Union in …

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• 21 April 2022 1:19 pm

  European shares stabilize in volatile trading

  

  European shares settled on Thursday in volatile trading after a series of positive corporate results, while mining stocks fell more than two percent with Anglo American slumping after it cut production expectations. The pan-European Stoxx 600 index was little changed by 0723 GMT. Mining stocks fell 2.4 percent, leading the …

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• 21 April 2022 12:28 pm

  Japan Stocks at its highest level in two weeks, supported by technology

  

  Japan’s Nikkei stock index rose on Thursday to its highest level in more than two weeks, supported by technology companies after the decline in long-term US bond yields Wednesday evening. The Nikkei index closed up 1.23 percent to 27,553.06 points, the highest level since April 5, when the broader Topix …

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• 21 April 2022 2:37 am

  Market Drivers – US Session – 20 April

  

  Fed Chair Jerome Powell’s remarks on Thursday will be closely monitored and are being flagged as having the potential to reignite the buck’s recent bull run. ECB President Christine Lagarde and BoE Governor Andrew Bailey will both also be speaking, so central bank policy divergence will be an important FX …

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• 21 April 2022 2:23 am

  WTI Falls 1.3% Hours Before Asian Session

  

  WTI pressured on Wednesday while futures rose marginally. Political standoff in Libya has highlighted the fragility of oil supply. Crude oil is down in late North American trade by some 1.28% and has fallen from a high of $103.92 to a low of $99.93 into the close. It posted a …

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• 21 April 2022 2:17 am

  Dow Ends Higher As Netflix Takes Wall Street By Surprise

  

  Stocks edged mostly higher in afternoon trading on Wall Street Wednesday but were held back by streaming entertainment giant Netflix, which lost more than a third of its value after reporting its first subscriber loss in more than a decade and predicting more grim times ahead.US stock indexes posted a …

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