Starting today, Kosovars will enjoy visa-free travel for short-term stays to EU’s Schengen Zone countries, marking the finalisation of an eleven-year-long process.
Gold stocks vs. tech stocks – The little-known link
In my recent gold price forecast for January 2024, I wrote about the most important of the recent technical events in gold (gold’s weekly reversal), and in today’s free analysis, I’ll focus on something far less obvious.
Markets remain calm to start 2024 as focus shifts to key data releases
Following some choppy action in the last trading days of 2023, financial markets seem to have turned relatively calm to begin the new year. S&P Global will release revisions to December PMI data for Germany, the Euro area, the UK and the US later in the day.
Crypto stocks tumbling at year-end was a ‘healthy’ pullback: Analyst
Major crypto and Bitcoin mining-related stocks, which tumbled as much as 17% on the last day of trading in 2023, were simply part of a “healthy pull back,” says a Bitcoin analyst.
Rupee’s direction guided by Fed outlook, RBI at start of 2024
MUMBAI, Jan 1 (Reuters) – The Indian rupee will open little changed on Monday, with the U.S. Federal Reserve interest rate outlook and the Reserve Bank of India’s forex strategy expected to be the key to begin the New Year.
Gold price sticks to intraday gains despite modest USD strength, rising US bond yields
Gold price (XAU/USD) kicks off the new year on a positive note and reverses a major part of its losses recorded over the past two trading days. The precious metal sticks to its modest intraday gains heading into the European session and currently trades around the $2,075 region, up over 0.50% for the day, though below a multi-week high touched last Thursday.
Equity markets begin 2024 mixed
Asia market update: Equity markets begin 2024 mixed; Japan closed for holiday; USD generally rises, UST FUTs decline post holiday.
World welcomes 2024 with New Year’s fireworks, reflection and a royal farewell
Sydney sparkled under a shower of silver and gold fireworks commemorating the 50th anniversary of its iconic Opera House, while the mood in Gaza remained bleak, with residents more concerned with survival. In Europe, Denmark’s Queen Margrethe II announced her abdication after over half a century on the throne.
Kenya visa waiver ‘a boon’ for air travel, but will it drive down fares? ticket prices?
The visa waiver – effective January 2024 – is consistent with President Ruto’s call since he assumed Kenya’s presidency in September 2022, to other African leaders to remove impediments to free movement of people, to facilitate ease of travel and doing business on the continent.
Rolls-Royce topped European stocks in 2023
There was much fanfare in 2023 about Denmark’s Novo Nordisk, which became Europe’s most valuable company. But in the race to be crowned the region’s best-performing mainstream stock, there was no contest: Britain’s Rolls-Royce achieved that accolade. The engine maker soared around 220 per cent in 2023, eclipsing the drugmaker’s 49 per cent rise, to become the best performing stock of the Stoxx Europe 600 index, the continent-wide benchmark.