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Of course, no further evidence is needed to know how much investors are craving for a vaccine right now. However, what happened on the stock exchanges that Monday was impressive: the news about the vaccine that the German Biontech developed in a team with the American pharmaceutical company Pfizer spread very quickly. The vaccine may be more promising than many previously thought. In any case, the number of Covid infections with corresponding symptoms dropped by around 90 percent among those examined. Researchers had said time and again that a vaccine could only be useful 60 to 70 percent of the time. But 90 percent, that should have exceeded investor expectations. Even if there are still a lot of question marks behind the number, Biontech’s stock gained nearly 30 percent in value in minutes. And that, although the papers had already grown significantly recently and there are still more obstacles to overcome before the planned application for the emergency approval of the vaccine. By the way, the Lufthansa papers also won almost as clearly at times. Like no other, the company relies on developing a vaccine.
The prospect of a vaccine not only turned crown losers into winners, it also turned crown winners into losers. Drägerwerk items, more recently known to fans in particular, collapsed by nearly 10 percent, Hello-Fresh delivery service shares fell more than 15 percent, and even Amazon items lost a good two percent. But it wasn’t just Biontech and Pfizer that caused a stir in the stock market. The fact that Joe Biden won the presidential election in the United States was also well received. By morning, the Dax was already up more than two percent before it was up nearly six percent later.
The Dow Jones rallied 5.7 percent to 29,934 points at times, and was thus on a record course. Many investors hope that the turbulent times in the White House are over. The stock market did not care that the situation in the United States Congress is not yet clear. Because who will take the majority in the Senate should not decide until January. These questions can also be less worrisome than is often assumed. the Wall street journal you just studied how the stock markets have behaved since 1928, depending on the distribution of power between the US government and Congress. The result: the thesis that a shared power would be more beneficial for the development of populations could not be founded on the basis of data. Quite the opposite.
