The previous version of this article incorrectly identified the manufacturer of the COVID-19 vaccine. The story has improved.
European stocks continued to sell lower on Friday and the uncertainty of the Brexit deal dragged on after Sanofi and GlaxoSmithKline’s COVID-19 vaccine candidate was shocked. U.S. equity futures also stumbled as stimulus talks stalled.
Stoxx Europe 600 Index SXXXP,
The index fell 1.3% to 389.08, down 1% in one week. German DAX DAX,
And French CAC 40 PX1,
1% each and FTSE 100 UKX,
Also fell 0.9%.
Shares of Sanofi SNY,
Sen,
The French drugmaker said the Covid-19 vaccine treatment it is developing with UK pharmaceutical giant GlaxoSmithKline GSK has dropped 2.8% since then.
GSK,
Delayed due to vague immune response in the elderly. Shares of GlaxoSmithKline remained unchanged.
“Even horrific coronavirus numbers across Europe are weighing on the risk appetite this morning. The number of new Kovid-1 infections has reached a new record high in Germany, and there is now a possibility of a severe lockdown across Europe, “said Milan Katkovich, a market analyst at ExxonMobil.
“While governments and central banks have long been taking decisive action to combat the negative effects of lockdown, it is becoming increasingly difficult for market participants to ignore the immediate effects of this crisis.”
Vacc Australia had abandoned plans for biopharmaceutical company CSL CSL for the COVID-19 vaccine where there were vaccine shocks.
After false positive results for HIV tests.
That shock comes after weeks of vaccine news. Late Thursday night, the Food and Drug Advisory Committee, which approved Bioentech BNTX’s emergency,
And Pfizer’s PFE,
COVID-19 vaccine candidate. The UK began its vaccination program this week, with an increase in COVID-19 infections in London.
Brexit negotiations focus, with pound GBPUSD,
On Thursday, Prime Minister Boris Johnson said there was a “strong possibility” of a deal leaving the European Union after falling 0.4% against the dollar
Mr Johnson said: “We need to make it very clear that there is a strong possibility now – a strong possibility – that we will have a compromise like the Australian-Australian relationship with the EU rather than the Canadian relationship with the EU.” A Video address disclosed by his office fee.
U.S. Stock Futures ES00,
YM100,
NQ00,
Dow futures also fell 124 points. Bilateral discussions on a $ 908 billion pandemic relief package in Washington came to a standstill on Thursday, as economic data on Thursday showed a sharp rise in unemployment claims. Potential consequences of uncontrolled second wave of epidemics in
Among the most active stocks, shares of Ericsson ERIC,
The Swedish telecommunications equipment seller said after a 7% decline that it has filed a lawsuit against Samsung Electronics 005930,
U.S. on breach of contract commitments. Erickson warned that it could spend 1 billion and 1.5 billion Swedish kronor (8,118.1 million- 7,177.2 million) a quarter for delayed royalty payments and legal costs.
Shares of Randstad RAND,
The Dutch recruiting company reached close to 6% in the fourth quarter of the year after reporting faster recovery than expected so far, and lifted the guidance.
Rolls Royce R.R. Shares of,
The British aircraft-engine maker says it is now expecting more cash flows of 4.2 billion pounds (5. 5.58 billion) in 2020 due to the slow-growing coronavirus infection of air travel recovery. .
ConinkleJK Ahold Delays AD,
It said it had acquired a € 1 billion (1.21 billion) sustainable revolving credit facility, which would help reduce waste and carbon emissions from Amsterdam-listed food retailers and provide financial relief amid the epidemic. Shares rose 0.4%.
.
