Market Update

Chief economist of the Bank of England (BoE), Andy Haldane, expressed on Monday hopes that news about a new successful COVID-19 vaccination would deliver a quick boost of confidence in the economy, Reuters reported. “I’m not close enough to know how credible today’s Pfizer announcement is, but let’s hope it …

The US Dollar (USD) rose on Monday, after it was announced that a new vaccine against the Coronavirus disease (COVID-19) has achieved a success rate of more then 90%. The Dollar index (DXY), which measures the USD performance against a basket of six international currencies, is up by 0.39% at …

The S&P 500 reached a new record high on Monday after Pfizer announced the Corona vaccine, which is more than 90% effective in preventing Covid-19, per Pfizer. At the time of writing, the index increased by 3.75% to 3,640. Meanwhile, the Dow Jones Industrial Average reached an all-time high, up …

Financial markets kicked off the week with optimism about the US election after all US new platforms announced that Joe Biden had won the election, even though Do Trump would not give up without a court confrontation. However, what gave a strong boost to the markets was the reports that …

The survey showed investor sentiment in the euro area declined for the second month in a row in November, but the decline was not as severe as some feared, given that the restrictions imposed to curb the outbreak of the Coronavirus did not harm the economy as expected. The Sentix …

US stock futures jumped sharply in the past hour after the pharmaceutical company Pfizer announced that its coronavirus vaccine, in cooperation with German BioNTech, was more than 90% effective in preventing infection. As an initial market response, S&P 500 futures rose to a new record high at 3648. In addition, …

Pharmaceutical giant Pfizer has said that its COVID-19 vaccine study has shown that it prevents 90% of infections among those who had no evidence of previous infection. The company has been developing a vaccine with Germany’s BioNTech. No fewer than 43,500 have been participating in the Phase 3 trial. Pfizer …

The French central bank said that economic activity in the country is witnessing a 12% decline this month from its normal level after the country entered into general isolation measures to limit the spread of the Corona virus for the second time this year. The government imposed a new lockdown …

The dollar reached its lowest level in ten weeks on November 9 as investors heralded the election of Joe Biden as President of the United States by buying currencies exposed to trade thanks to expectations that a quieter administration in the White House will boost global trade and that monetary …

European stocks jumped Monday as Democrat Joe Biden’s victory in the US presidential election raised hopes for better trade relations between Washington and Europe, and chipmaker Infineon increased thanks to strong earnings expectations. The European Stoxx600 index rose 1.3% by 08:05 GMT, and the German DAX index, which relies on …