Posts Tagged ‘covid’
Investors 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 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%…
Read MoreA crucial week to start with presidential elections, new lockdown measures in Europe and plethora of economic releases due this week.
We are starting one the most crucial weeks of the year with US elections, Brexit negotiations, surge in corona virus and multiple economic releases including US jobs reports, BoE and Fed meetings scheduled to happen next few days. U.S. stocks dropped, extending their worst weekly rout since March, after earnings from the biggest tech companies disappointed investors…
Read MoreWhite house now open to potential compromise on a stimulus plan.
What I’m sure we’ll all miss if Trump doesn’t get re-elected is the constant confusion as to what’s going on. Whether it’s about medical properties of bleach as a treatment for COVID or going from “there will be no fiscal bill before elections” to a stimulus deal having a “really good chance” in the span…
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