Global stock prices on Tuesday, November 10, mostly rose and oil prices rose as hopes for the COVID-19 vaccine continued.
US pharmaceutical giant Pfizer and German companies BioNTech statement that their co-developed vaccine against the new coronavir in the third trial phase had shown 90% effectiveness against COVID-19 infection “seems to change the rules of the game, even if experts warn that [vakcīnas] production and distribution may take time “, noted ThinkMarkets analyst at Fawad Razaqzada.
Anthony Fauci, a US epidemic expert, described the results as extraordinary, and the head of the World Health Organization, Tedros Adhanom Ghebreyesus, described the news as encouraging.
However, other analysts noted that the data from these trials still need to be reviewed and that there may be problems with distribution logistics.
The economic benefits of the vaccine may only become apparent in the second half of next year.
Also read: The COVID-19 vaccine has shown 90% efficacy in the third phase of trials
Wall Street Index Dow Jones Industrial Average increased, but the indices Standard & Poor’s 500 a Nasdaq Composite fell. European stock prices rose.
“Technology stocks were bought too actively, reaching a point where we should expect some consolidation,” he commented Prudential Financial analyst Quincy Krosby.
She added that this trend could continue, with investors focusing on “the sectors that will benefit from the vaccine once it is released.”
US Stock Exchange Index Dow Jones Industrial Average on Tuesday rose 0.9% to 29,420.92 points, the index Standard & Poor’s 500 fell 0.1% to 3545.53 points, but the index Nasdaq Composite decreased by 1.4% to 11,553.86 points.
The London Stock Exchange index FTSE 100 rose 1.8% to 6296.85 points on Tuesday, the Frankfurt stock exchange index DAX 30 rose 0.5% to 13,163.11 points, while the Paris stock exchange index CAC 40 rose 1.6% to 5418 .97 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil increased by 3.3% on Tuesday to USD 41.61 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 3.4% to $ 43.84 per barrel.
The euro fell against the US dollar from 1.1814 to 1.1811 dollars per euro on Tuesday, the British pound against the US dollar rose from 1.3160 to 1.3269 dollars per pound, and the US dollar against the Japanese yen fell from 105.31 to 105.27 yen per dollar. The value of the euro against the British pound fell from 89.92 to 89.00 pence per euro.
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