By E.B.
Today the advisory committee of the European Medicines Agency (EMA) meets to discuss the Pfizer and BioNTech vaccine. The market takes for granted an approval that would mean the start of vaccination on December 27, 28 and 29 throughout the European Union. The meeting to discuss the Moderna vaccine It has also been brought forward to January 6, after having been approved last weekend in the US.
However, these advances are taking place at the same time as concerns about the new strain of covid-19 in UK, which according to a preliminary EU document could be up to 70% more contagious although its severity is still unknown and if the vaccines would continue to be effective, say the Income analysts 4 in a report. Countries such as France, Italy or Germany have restricted flights to the United Kingdom while Spain has requested a coordinated response from the EU.
Fear of this new strain joins the political uncertainty around the trade agreement post-Brexit, already exceeded the limit that had been set yesterday Sunday so that the European Parliament had enough time to ratify an agreement before the transitional period expires on December 31. The talks resume today with no specific end date.
The only positive note for the market today is the agreement in the US for a new fiscal stimulus package $ 0.9 trillion, including unemployment benefits or rent and mortgage payments.
It is, however, insufficient to instill a certain amount of optimism in investors. He Ibex 35, which already closed last week with a negative balance, opens this Monday with a decrease of 2.9% until it remains within the limit of 7,800 points. Decreases of 2.30% for the Mib in Milan and 2.4% for the Cac Parisian, while in Frankfurt the Dax 1.8% is left and in London the Ftse a 1.7%.
The day was also dominated by the red numbers in Asia, with falls in the Tokyo and Hong Kong parks, although Shanghai managed to close higher.
In commodity markets, the Brent oil reference in Europe fell by more than 3% to pay at 50.63 dollars a barrel. Steep falls also for US crude to $ 47.78 a barrel.
– .
