[ad_1]
Euphoric bags after the good news in the vaccine developed by Pfizer (90% effective, according to the American pharmaceutical company) together with the German BioNTech. Milan flies and touches a rise of the main index, the Ftse Mib, around 6%. The rest of Europe also did well, with London + 4%, Paris + 5.5%, Frankfurt + 5%, Madrid + 6%. Pharmaceutical companies have reported that the trial delivers better than expected results in protecting people from Covid-19 infection according to the phase 3 study: its effectiveness exceeds 90% in the first 94 subjects who were injected. And the positive results, though still incomplete, accelerate the product’s advance toward widespread application.
The fastest vaccine in the history of mankind.
The announcement of the president of Pfizer, Albert bourla, has given wings to financial markets. The confirmation came from the German BioNTtech, a partner of the US group in the development of the anti-Covid vaccine. The German company, a company created among other things by the children of Turkish immigrants, announced in a publication that it intends to request authorization for production, together with Pfizer itself, next week from the US agency Fda (Food and Drug Administration). . We want to act in a European way and not along a national line, he said. German Health Minister Jens Spahn, at a press conference in Berlin, commenting on the news of the release of BioNTech data. At present – added the minister – it is likely that we can quickly get a vaccine against a new virus like never before in the history of mankind. We can be optimistic, he added.
The general drop in yields does not only concern the Italian market. In Spain and Portugal, the profitability of the 10-year public debt fell almost to zero, reaching 0.08% and 0.07% respectively. Apart from Greece, whose 10-year yield is 0.82%, the interest paid on 10-year government bonds across Europe is negative. As if to say: investment states must pay to invest in government bonds. Here is the unusual table: Austria -045%, Belgium -0.41%, Denmark -0.50%, Finland -0.43%, France -037%, Germany -0.63%, Ireland -0.30%, Holland -0.53%, Sweden -0.03% and Switzerland -0.51%.
Typically, the yield on a government bond falls when risk decreases as the economy grows and the strength and reliability of a country increases. This is not the case. These returns do not reflect the health of the European economy, overwhelmed by the second wave of Covid-19, but are the reaction to the unprecedented parachute guaranteed by the European Central Bank to support the economies of the eurozone. A necessary measure, but not immune to side effects.
Actions in Piazza Affari: Diasorin collapses
As Piazza Affari takes off, Diasorin sinks and loses more than 10%. The stock was halted at the volatility auction when it fell 10.34% to 180.4 euros per share, the lowest for the session. From March 9 to the close of Friday, Diasorin had gained 99% (from 101 to 201.2 euros), thanks to the fact that the company stands out on the front of tests for the diagnosis of Covid-19. If an effective vaccine is found shortly, such as Pfizer’s appears to be, the role of anti-Covid testing could become less relevant. Pfizer and BioNTech plan to produce up to 50 million doses of the vaccine globally in 2020 and up to 1.3 billion doses in 2021.
On the foreign exchange front, the euro remains strong against the dollar and stable compared to Friday at 1,188, while it is worth 123.1 yen (from 122.8). the return of the oil with Brent and marks $ 40.4 per barrel (+ 2.4%).
