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The British Pound (GBP) declined against the US Dollar (USD) on Monday, after it was reported that a new vaccine against the Coronavirus disease (COVID-19) has proved effective in more than 90% of the tested cases. The GBP/USD pair is trading lower for the day by 0.21% at 1.3129. The …
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November, 2020
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9 November 2020 9:46 pm
Sunak: Brexit Trade Talks See Significant Progress
Significant progress has been achieved in trade talks between the United Kingdom (UK) and the European Union (EU), according to the British Minister of Finance, Rishi Sunak. “Prime Minister Boris Johnson recently spoke with European Commission President Ursula von der Leyen. “The prime minister set out that, while some progress …
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9 November 2020 8:23 pm
European Stocks Soar on Vaccine News and Biden Win
European stocks surged on Monday, supported by news about Pfizer and BioNTech successfully developing a vaccine against the Coronavirus disease (COVID-19), as well as the United States presidential election results. The pan-European STOXX 600 index is up by 3.9%, after rising earlier by more than 4%, achieving its best daily …
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9 November 2020 8:11 pm
Germany Wants New Page of US-Europe Trade
The European Union (EU) and its member countries plan to reset trade relations with the next administration in the United States, German Economy Minister Peter Altmaier said on Monday, as reported by Reuters. “We will try to get a new start in trade policy between the United States and all …
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9 November 2020 8:00 pm
UK Expects 10 M Vaccine Doses in 2020
The United Kingdom expects to receive about 10 million doses of the newly-developed Pfizer and BioNTech vaccine for COVID-19 by the end of the year, Reuters reported. The spokesman of the British Prime Minister Boris Johnson announced on Monday that the deal is pending regulatory approvals. Pharmaceutical giant Pfizer has …
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9 November 2020 7:54 pm
Biden Could Help Chinese Yuan Rise
Investment banks are expecting the Chinese Yuan to be among the gainers from the change of leadership in the United States, Reuters reported. A Joe Biden presidency is set to see efforts to calm the rising trade tensions with China, which is expected to allow Beijing to let the value …
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9 November 2020 7:48 pm
EU Close to Deal on COVID-19 Vaccine
The European Union (EU) is close to signing an agreement to purchase millions of doses of the new COVID-19 vaccine, which is being developed by Pfizer and BioNTech. It was announced earlier today that the vaccine has proved more than 90% efficient. Hours after the announcement was made, European lawmaker, …
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9 November 2020 7:32 pm
Haldane Hopes Vaccine Will Restore Economy Confidence
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 …
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9 November 2020 7:25 pm
USD Rises amid Vaccine Hopes
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 …
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9 November 2020 6:47 pm
S&P 500 Soars to All-time High
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 …
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9 November 2020 6:15 pm
USD/JPY Struggling to Restore 104.75
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 …
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9 November 2020 5:39 pm
Sentix: Eurozone Investor Sentiment Deteriorated in November But Above Expectations
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 …
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9 November 2020 4:40 pm
S&P 500 Futures Hit Record High on Pfizer’s Vaccine Hopes
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, …
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