Jakarta, CNBC Indonesia – Futures contracts (futuresThe stock index of the United States (US) was depressed in trading Tuesday (13/4/2021), after the authorities recommended stopping the use of the Johnson & Johnson (J&J) vaccine due to the side effect of blood clots.
Contract futures The Dow Jones Industrial Average lost 120 points from its fair value, indicating that the index of 30 leading US stocks will open lower. Similar contracts to the S&P 500 and Nasdaq index were also under pressure, by 0.3% and 0.2%, respectively.
The vaccine made by US issuer Johnson & Johnson reportedly triggered cases of acute blood clots in six people who received the vaccine in the US. This allegation is currently being investigated by the Centers for Disease Control and Prevention.
“We recommend a halt to the use of this vaccine following many warnings,” the Food and Drug Administration (FDA) said in a statement on Twitter.
Currently, there are 6.8 million vaccines made by them that are ready to be injected into US citizens. The FDA assesses that the call is necessary to encourage vaccination administrators to anticipate types of treatment for vaccine recipients.
Saham J&J fell 3% in the pre-opening session. Other cyclical stocks are also under pressure because this situation has the opportunity to delay the US economic recovery. Carnival Corp and American Airlines shares collapsed by 2%.
Investors are also watching the March inflation data due for release today, which is expected to return to pre-pandemic levels, and to pick up steam in the coming months. Economists polled by the Dow Jones expected inflation to rise by 0.5% on month and 2.5% on year.
The US government and central bank gave a similar statement, which stated that US inflation will increase in the next few months. The increase is thought to have been temporary due to the small basis of March 2020 due to community restrictions (lockdown) and begins to spend the stimulus.
“We will soon see the impact of the 2020 Covid-19 pandemic in economic data. A special area of focus is inflation. Our message is simple: don’t fall for this false increase,” Putnam Investments wrote in a research report cited. CNBC International.
Officials of the US central bank (Federal Reserve / The Fed) expressed willingness to allow inflation to rise for some time without making changes to their accommodative policies, including in terms of asset purchases in the market and the benchmark interest rate approaching 0%.
The debt market was also a little depressed Monday, with yields (yield) the 10 year government bond (which is the market reference) slightly strengthened to 1.67%. Increase yield indicates that the price is under pressure.
CNBC INDONESIA RESEARCH TEAM
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