Moderna vaccine, OPEC expectations, Asian global partnership – what impacted markets at the week start?
Global Insights
Investors are keen on the U.K. and European stocks as Brexit talks could stall further amid a struggle to reach a trade deal. U.S. and European stocks also buoyed by lowering signs of American national lockdown. OPEC and allies initiate meetings to weigh options on the oil market. Crude rises on sentiment.
Morning market mover rose up in China, Japan, and South Korea, who formed a trade bloc with $26.2 trillion of compound GDP of Asian countries. The news sent Asian stocks in a rally towards a record close.
S&P 500 3,613.00 +0.87%
NASDAQ 12,000.75 +0.56%
DJIA 29,712.00 +1.03%
FTSE 6,358.51 +0.66%
DAX 13,141.00 +0.37%
NIKKEI 26,010.00 +1.46%
HSI 26,381.67 +0.86%
SHANGHAI 3,346.97 +1.11%
VIX 23.15 -0.75%
WTI Oil 41.00 +2.17%
Nat Gas 2.8430 -5.08%
GOLD 1890.70 +0.24%
US Dollar Index 92.66 -0.04%
U.S. 10 Treasury Yield +0.887%
Corporate Stories
- Moderna announces that its vaccine candidate is 94.5% effective and has no significant safety concerns. Accepts standard refrigeration temperatures, no -70C needed.
- Amazon, Alphabet, Adobe, Netflix, Microsoft, and Tesla on sale. Softbank cuts stakes in 24 tech companies, prompting fall of portfolio value from $17.52 billion to $12.92 billion
Market Sentiment
The market is bullish today with stocks on the rise across the globe, increasing commodity prices and Volatility Index in a negative territory. Gold and US Dollar Index are almost unchanged with no rising inflation concerns.
