Pfizer Inc. announced that its Covid-19 vaccine prevented more than 90% of infections in a large-scale study. Global stocks surged to all-time highs on the news. Futures on the S&P 500 jumped 3.6%. DAX 30 added 5.5%.
Now when there’s some clarity with the US election, traders’ attention will turn back to the pandemic. Pfizer and its German partner BioNTech SE are the first drugmakers to show successful data from a vast clinical trial of a coronavirus vaccine. Now they will be able to seek an emergency-use authorization from regulators if further research shows the shot is also safe.
Many questions, of course, will remain. In particular, it's not clear how long the vaccine will provide protection. In addition, if authorized, the number of vaccine doses will initially be limited. Still, hope is all that matters for now. Market players have been discouraged by the recent increase in lockdowns, therefore it’s not really surprising that they are eager to react to positive developments.
The stock of Pfizer is going to shoot up. The major resistance is located between 39.00 and 39.50 – these are the levels, which have been capping the price since March. Support lies at 35.50/00. Trading Pfizer stock will open at 16:50 MT time (GMT+2).
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Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Mester (Fed) says the Fed will have to raise rates again this year. However, the US dollar index shows signs of a short-term decline. Read the full article and learn more!
Welcome to the first week of October! As usual, at the start of the week, we are looking for valuable insights that will bring us profits in trading. Let’s observe the main events.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
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