European stock prices fell on Monday as more and more countries stopped using AstraZeneca’s Covid-19 vaccine, while US stock prices rose to new highs as market participants hoped for economic recovery.
Denmark suspended the use of the Covid-19 vaccine, developed by the British and Swedish company AstraZeneca, last week due to reports of thrombosis in Europe. The Danish example was followed by an increasing number of European countries.
“If the AstraZeneca vaccine is shown to cause blood clots and even more countries are forced to stop using it, it will prove to be a major obstacle in the race to end self-isolation measures,” said Favds Razakzada, an analyst at ThinkMarkets.
“European stocks were hard all day and sales picked up in the afternoon as France and Italy became the newest European countries to stop using AstraZeneca and the University of Oxford’s Covid-19 vaccine, after Germany and several other countries.”
However, European medical regulators and the World Health Organization (WHO) have stated that the vaccine is safe to use and there is no evidence that it is linked to blood clots.
The US dollar rose ahead of Wednesday’s Federal Reserve (FRS) monetary policy meeting, which will almost certainly not raise interest rates, but there may be comments about a possible rise in inflation if Covid-19 vaccines and government stimulus restore the US economy.
The Dow Jones Industrial Average and Standard & Poor’s 500 Wall Street indices rose to new highs for the second day in a row, as did the Nasdaq Composite Index.
The Dow Jones Industrial Average rose 0.5% to 32,953.46 points on Monday, the Standard & Poor’s 500 rose 0.7% to 3,968.94 points, and the Nasdaq Composite index rose 1.1% to 13,459.70 points.
The London Stock Exchange index FTSE 100 fell 0.2% to 6749.70 points on Monday, the Frankfurt stock exchange index DAX 30 fell 0.3% to 14,461.42 points, while the Paris stock exchange index CAC 40 fell 0.2% to 6035 .97 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil fell by 0.4% to USD 65.34 per barrel on Monday. The price of Brent crude fell 0.5% to $ 68.90 a barrel on the London Stock Exchange.
The euro depreciated against the US dollar from 1.1953 to 1.1929 dollars per euro on Monday, the British pound against the US dollar fell from 1.3924 to 1.3897 dollars per pound, and the US dollar against the Japanese yen rose from 109.03 to 109.13 yen per dollar. The value of the euro against the British pound rose from 85.84 to 85.93 pence per euro.
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