Posts Tagged ‘corona’
Turkey posts budget surplus in November
US stocks closed mixed on Monday as New York and parts of Europe tightened COVID-19 restrictions even as a vaccine rolled out in the US. The DOW retreated from an intraday high to close 0.62% lower while the S&P shed 0.44%; the NASDAQ gained 0.50% however. Yield on 10Y USTs closed about flat at 0.8931%.…
Read MoreInvestors Overlook Ivory Coast’s Political Upheaval to Chase Higher Yields
Futures in New York climbed 1.4% after closing at an eight-month high. Overnight, we witnessed the Dow Jones Industrial Average rose 1.4% to close above 30,000 for the first time, while the S&P 500 gained 1.6%, to close at 3,635.41, also a record high with Nasdaq Composite adding 1.3%. Positive vaccine news as well as…
Read MoreBank stocks higher as Turkey eases lending rules
US stocks closed higher on Monday on reports that former Fed Chair Janet Yellen could become the Biden administration Treasury Secretary and positive results from the AstraZeneca COVID-19 vaccine. The DOW led, up 1.12% while the S&P and the NASDAQ closed 0.56% and 0.21% higher respectively. Yield on 10Y USTs closed higher at 0.8537%. British…
Read MoreEU stimulus delayed after Hungary and Poland veto the budget proposal
The nervousness in markets, spurred by the renewed public health restrictions around the world, dominated the sentiment yesterday, leading to profit-taking emerging in risk assets. Japan and South Korea raised their public health alert levels, while New York City announced that it had stopped in-class teaching and cut subway and bus services. The market reaction…
Read MoreStocks surge as Moderna announces successful COVID-19 vaccine trials
US stocks were buoyed by the 94.5% success rate in the Moderna COVID-19 vaccine to ink fresh records. The news overshadowed the rising infection rates and hospitalisations currently being seen in the US with Moderna saying it plans to submit an Emergency Use Authorisation with the FDA in the coming weeks. The DOW rose 1.59%…
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