Money
Good morning Vietnam! International flights have resumed to Hanoi & Ho Chi Minh
Vietnam will resume incoming international flights to its capital Hanoi and business hub Ho Chi Minh City effective immediately.
The nation imposed a suspension due to a COVID-19 outbreak earlier this week.
Vietnamese authorities had initially banned incoming international flights to Hanoi for a week starting Monday and to Ho Chi Minh City until June 14.
The aviation authority hasn’t revealed just why it was resuming flights earlier than planned.
Meanwhile, most of the COVID-19 cases in the current outbreak are locally transmitted and not from international passengers.
Travel impacts on Aviation
The news comes as the Global Aviation sector continues to struggle due to the pandemic.
The bosses of leading airlines have written to senior government figures in both nations, calling for an expedited travel corridor.
With vaccination rollouts well underway within both nations, the aviation sector wants to ease travel restrictions on the normally busy transatlantic travel route.
The letter to US Secretary of Transportation Pete Buttigieg and UK Secretary of State for Transport Grant Shapps stated:
“Air travel is a critical enabler of trade between our countries that was worth US$273 billion in 2019,”
Of those who have joined forces include British Airways, American Airlines, United Airlines, Delta Airlines, JetBlue, and Industry Group Airlines for America.
“Public health must guide the reopening of international air travel, and we are confident that the aviation industry possesses the right tools, based on data and science, to enable a safe and meaningful restart to transatlantic travel”
The letter signifies a rare joining of forces between airlines that are normally arch-rivals. The CEOs who signed the letter have proposed a summit to explore how to safely and swiftly re-open the critical route between the UK and US.
Money
Stocks rally ahead of Thanksgiving as markets log four days of gains
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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Money
Dow surges 500 points amid rate cut optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Money
Gold prices surge as Central Banks buy big, but risks grow ahead
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar
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