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In Chile the IPSA joins with a jump of more than 3% in the first operations.
The markets had already started the week with enthusiasm after the victory of Joe Biden that left him the weekend as the new president of the United States. But hours later a veritable “shot” of hope gave the bags Pfizer’s announcement that their coronavirus vaccine had worked. positive in 90% of the experimental cases.
With this, the stock markets soared, and it is that the great negative catalyst of the last year, the coronavirus, could soon have a cure.
Pfizer indicated that its experimental vaccine was more than 90% effective in preventing COVID-19, so next week, with its German partner BioNTech, they will request authorization from the US authorities for the widespread use of the vaccine that they have jointly developed.
With this, the Spanish Ibex jumps 7.7%, the French Cac 40 7.26% and the Euro Stoxx jumps 6.24%. The German Dax rises 5.56% at this time and the English Ftse rises 5.55%.
For his part Wall Street opened the day with a rise of 4.32% for the Dow Jones, 3% for the S&P 500 and 1.3% for the Nasdaq.
The IPSA in Chile gets on the bandwagon and experiences a jump of more than 3% in its first transactions.
Presidential election
Despite the fact that the current president, Donald Trump, has refused to accept his defeat, the Markets highlight that they clear up doubts about how the political map will be shaped of the first world economy.
From Invesco they explained that “it is unlikely that a Biden presidency with a Republican Senate see an increase in taxes, which was possibly the biggest fear investors had about a Biden presidency. “
Under this panorama, Wall Street futures are trading at a profit, auguring a good session to start the week. Meanwhile, US Treasury yields fall as investors return with a greater appetite for equities.
Now, the focus of investors’ attention is back on the economic measures to be launched to stimulate the first world economy after the talks between Democrats and Republicans did not advance in Congress.
Biden’s arrival in the Oval Room is considered a catalyst for Asia considering that trade disputes should lower the decibels of disputes. Thus, Asian equities had a good day.
Standard Chartered Bank told CNBC that emerging markets could benefit from Biden, bringing capital flows into these countries. The financial institution indicated that “there is enough cash at the marginny that has been hiding in American assets for a few years “ He added that this money could “potentially be deployed” in foreign markets.
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