Noor Trends News, Technical Analysis, Educational Tools and Recommendations

September, 2021

• 30 September 2021 4:39 pm

  US: Real GDP Growth Stood at 6.6% in Q2

  

  The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.

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• 30 September 2021 4:18 pm

  Germany: Annual HICP Rose to 4.1% in September

  

  According to the preliminary estimate published by Destatist this Thursday, consumer inflation in Germany, as measured by CPI, remained flat for the second successive month in September as against market expectations for a modest 0.1% rise. On a yearly basis, the headline CPI rose 4.1% during the reported month from …

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• 30 September 2021 2:18 pm

  Japan’s Nikkei Continues to Decline

  

  The Japanese Nikkei index ended Thursday, September 30, with its best monthly performance since November 2020, even as markets fell for the fourth consecutive session on concerns about the growth of the Chinese economy due to the worsening electricity crisis. The Nikkei index fell 0.31% to 2,9452.66 points but recorded …

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• 30 September 2021 1:44 pm

  The US Dollar Near Its Highest Level in a Year

  The US dollar approached one-year highs against major currencies on Thursday amid expectations that the Federal Reserve will gradually scale back stimulus measures from November, while the commodity-linked Australian dollar benefited from higher iron ore prices. The dollar, which is considered a safe haven, made significant gains in the last …

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• 30 September 2021 12:26 pm

  European Shares Set to Rise at Volatile End of September

  

  European shares rose, extending gains after a heavy sell-off earlier this week as persistent concerns about slowing global economic growth and rising inflation put major markets on a monthly decline path. The pan-European STOXX 600 index rose 0.6 percent, led by defensive sectors such as real estate, healthcare, and food …

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• 30 September 2021 11:55 am

  Oil Prices Are Mixed After a Sudden Rise in US Inventories

  

  Oil prices were mixed, as sales that were boosted by an unexpected increase in crude inventories in the United States eased, while analysts expect that the supply may not meet the recovering demand. Brent crude fell eight cents to $78.56 a barrel, after falling 0.6 percent on Wednesday. US crude …

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• 30 September 2021 11:13 am

  China: Caixin Manufacturing PMI Improves in September

  

  China’s Caixin Manufacturing PMI for September came in at 50.0 vs. 49.5 expected and 49.2 for August, indicating that the country’s manufacturing sector is heading towards expansion territory. Earlier, China’s official manufacturing PMI contracted to 49.6 in September from 50.1 in August and 50.1 expected, the National Bureau of Statistics …

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• 30 September 2021 11:08 am

  Britain’s Economy Grows Stronger Than Expected in Q2

  

  Official data revealed that Britain’s economy grew at a more robust pace than previously expected in the period between April and June. The Office for National Statistics said gross domestic product increased 5.5 percent in the second quarter, compared with its initial estimate of 4.8 percent growth. The office said …

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• 30 September 2021 5:02 am

  U. S. House passes bill on debt ceiling

  

  The House of Representatives passed, Wednesday, a stand-alone legislation to suspend the federal debt limit through December 2022, but the bill will be encountered with block vows in the Senate due to solid Republican opposition.The bill has been passed on a partisan line vote of 219-212 as Speaker Nancy Pelosi …

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• 30 September 2021 2:32 am

  Powell asked to explain central bank’s work on crypto

  

  While the Office of the Comptroller of the Currency (OCC) insists that lack of due regulation in the crytospace could easily lead to a financial crisis, seven members of the Congress sent a letter to Jerome Powell, chairman of the Federal Reserve, asking about the U.S. central bank’s efforts on …

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• 30 September 2021 1:36 am

  GBP/USD falls below 1.3500 amid worsening UK’s energy crisis

  

  Awaiting the end of the North American trading session, the British pound has fallen again during the trading session on Wednesday, to crash 1.35.The GBP/USD pair crashes below 1.3500, down by 0.84%, and is trading at 1.3422. The pair has not been able to recover since Tuesday’s collapse of almost …

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• 30 September 2021 12:35 am

  Powell and Lagarde reassure inflation surge temporary

  

  Federal Reserve Chair Jerome Powell and his counterparts at the ECB, Bank of Japan and Bank of England stressed, Wednesday, with cautious optimism that supply-chain disruptions lifting inflation rates are temporary.Powell and Lagarde participated in a virtual panel event. Jerome Powell continues to view this year’s acceleration in inflation as …

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• 29 September 2021 11:01 pm

  Gold falls to lowest over USD’s jump

  

  Gold prices have been served a blow by a new rebound of the U.S. dollar and by the rise of the 10-year bill yields. Gold for December delivery lost $14.60, or 0.8%, to settle at $1,722.90 per ounce, following another decline by 0.8% on Tuesday. Prices marked the lowest most …

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