Noor Trends News, Technical Analysis, Educational Tools and Recommendations

December, 2021

• 7 December 2021 12:20 pm

  Oil Rises as Concerns Over Omicron Ease

  

  Oil prices rose on Tuesday after rising 5 percent in the previous session as concerns eased about the impact of the mutated Omicron strain of the Coronavirus on global fuel demand, while nuclear talks with Iran faltered, delaying the return of Iranian crude supplies to the market. Brent crude futures …

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• 7 December 2021 2:46 am

  Why Are Pfizer Shares Losing Today?

  

  Shares of the COVID-19 vaccine makers Pfizer, Ocugen, and Vaxart are all moving in the negative direction on Monday. Specifically, Pfizer’s stock is down by approximately 4%, Ocugen’s equity is in the red by 5.64%, and Vaxart’s shares are underwater by a hefty 8.7%, as of 12:23 p.m. ET Monday …

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• 7 December 2021 2:34 am

  Two Potential Scenarios, Will Congress Fix US Debt Ceiling?

  

  The US government could reach the maximum amount of money that the Department of the Treasury is allowed to borrow by 15 December.If Congress doesn’t act to fix that limit, known as the debt ceiling, there could be big consequences for the timeliness of government payments that the nation relies …

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• 7 December 2021 2:13 am

  China To Boost Slowing Economy

  

  China recorded a steep economic slowdown in Q3 as its pandemic bounce fades—and now, Beijing is taking on longer-term issues including household debt and energy consumption. China’s central bank said it would reduce the amount of money banks are required to set aside, as a reserve, as it moved to …

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• 7 December 2021 2:01 am

  European shares bounce on hopes Omicron may be mild

  

  Travel stocks helped European shares mark a strong start to the week on Monday, after sharp losses late last week, boosted by hopes that the Omicron variant of the coronavirus would be mild.After third straight week in the red territory, the pan-European STOXX 600 (.STOXX) closed up 1.3%. The technology …

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• 7 December 2021 1:29 am

  IMF To Cut Eurozone Growth Forecast

  

  The International Monetary Fund could be about to cut growth forecasts for the euro area as concerns over the omicron Covid variant and persistently higher inflation grow.The Fund said in October that it expected the euro zone economy to grow by 4.3% in 2022. Now, the institution has warned about …

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• 7 December 2021 12:56 am

  US Equities Recovering During North American Session

  

  US shares have continued to recover in the second half of the US session, with the recovery now more broad-based with tech and growth stocks joining the party despite continued elevation in yields. The S&P 500 index is now up by nearly 1.5% and is eyeing a test of the …

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• 7 December 2021 12:45 am

  RBNZ’s Bascand Commenting On Inflation

  

  Reserve Bank of New Zealand Deputy Governor Geoff Bascand said on Monday that while longer-term inflation expectations in the country remain well anchored, short-term inflation expectations have increased. Key Comments:“The RBNZ will take considered steps for now.”“Predicts unemployment rate to drift up to about 4%.”“More confident that the labour market …

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• 7 December 2021 12:15 am

  Shadows of Asian Financial Crisis in South Korea

  

  South Korea is sending citizens another round of stimulus in response to the economic challenges created by the pandemic. Finance Minister Hong Nam-ki opposed this call and suggested a smaller assistance package. Prime Minister Kim Boo-kyum backed up this position by adding that the government could not afford another round …

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• 6 December 2021 11:55 pm

  Seven Major Banks Forecast RBA’s Meeting

  

  The Reserve Bank of Australia is having a monetary policy meeting and will announce the resulting decision on Tuesday, December 7. Economists and researchers of seven major banks have focused on the potential outcomes from central bank’s meeting. Policymakers are expected to hold their fire and keep the current policy …

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• 6 December 2021 11:43 pm

  ECB’s Holzman: Eurozone Inflation Not To Drop in 2022

  

  European Central Bank governing council member Robert Holzmann said on Monday that inflation in the Eurozone would unlikely fall below 2.0% in 2022, according to Reuters citing Handelsblatt. Holzmann added that inflation is set to reach its peak sometime around the turn of the year. Holzmann said that the ECB …

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• 6 December 2021 11:14 pm

  SEC investigates Tesla over solar panel defects

  

  The US securities regulator has opened an investigation into Tesla over a complaint that the company failed to properly notify its shareholders and the public of fire risks associated with solar panel system defects over several years.The upcoming investigation raises regulatory pressure on the world’s most valuable automaker, which already …

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• 6 December 2021 10:26 pm

  Fed Highly Expected To Taper At Faster Pace Next Week

  

  Economists believe Fed Chairman Jerome Powell has given away the plot twist of next week’s meeting. In two days of testimony to Congress last week.Powell opened the door for the central bank to announce it is doubling of the monthly pace of asset purchases to $30 billion from $15 billion; …

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