Stock exchanges today, November 9. Pfizer vaccine sweeps markets after Biden’s euphoria for success. Oil jump



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MILAN – 3:40 pm. Euphoric day for the stock exchanges that first toasted Joe Biden’s definitive success in the US elections and then jumped in after Pfizer made it known that its vaccine made in conjunction with BioNTech would be 90% effective and ready by the end of the year . News that literally blows up the markets with global equities at record highs, while government bonds lose value along with the dollar. While the shares of the pharmaceutical company are soaring by seven percentage points, the effect is spreading like wildfire across all European financial markets that score between five and six percentage points.

In detail, Milan increases 5.04% after initially traversing the + 6% wall. Generalized euphoria is an exception Diasorin, a diagnostics giant, which instead welcomes vaccine developments in the opposite way, highlighting the potential negative effects on its business, and collapses dramatically, losing nearly eight points. The other European financial markets also saw a sharp rise: London 5.52% salt, Frankfurt 6.09% e Paris increases by 8.21 percent. Wall Street is also flying: at the beginning, the Dow Jones grows 5.4% while the Nasdaq is more cautious, rising one percentage point.

The news about the vaccine also pushes the prices of the Petroleum, WTI was up 7.03% to $ 39.75 and Brent was up 6.34% to $ 41.95.

Returning to the American vote, despite threatened calls by outgoing President Donald Trump, investors finally see a sign of clarity after the consultation. An enthusiasm that was already felt during the night on the Asian side, where all the price lists went up, with Tokyo which closed operations at + 2.12%. As mentioned, Wall Street futures are also pointing to a sharp rise. On the other hand, recovered from four increases in the last five sessions, despite the uncertainty about the vote, the S & P500 managed to close one of the best weekly performances since April and return to two percentage points from September records. A record that could match Pfizer’s euphoria.

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Due to the appreciation of the stock market, there was an opposite trend in government bonds. The yield on the 10-year package has skyrocketed and now stands at -0.55% from -0.61% for the previous benchmark. Equally large is the jump in the performance of the 10-year benchmark BTP which is currently traveling 0.65% after hitting a record low in the morning below the 0.60% threshold. The simultaneous growth of Italian and German yields means that the spread, which measures its distance, does not move much and stands at 121 basis points, from the 120 basis points marked today at the opening.

An important day for the Treasury because the placement of the second BTP Futura starts, the title intended to raise money in an anti-Covid code: at the end of the morning, the orders amounted to 1,400 million euros.

Among the macroeconomic data of the day, the jump in Chinese exports stands out, whose economy came out of the economic crisis linked to the emergence of Covid long before the rest of the large countries. In October, Beijing’s exports posted the strongest increase in 19 months, growing 11.4% year-on-year, better than the expected growth of 9.3% and accelerating compared to + 9.9% in September. A jump that, net of imports, contributed to the expansion of the trade surplus, which rose to $ 58.44 billion, from $ 37 billion in September. Of the data OECD Instead, it appears that even before the recent round of new restrictions to deal with Covid-19, the economies of industrialized countries and large emerging economies, excluding China, were on the way to a slowdown in recovery. The October superscript saw an improvement in activity, but with less momentum than in recent months in the United States, Japan, Canada, Germany and Italy. In this braking, as we know, the blow of the new locks came. On the other hand, the Bank of Italy’s economic survey shows that Italian companies have “decidedly reduced their investments in the current year compared to the plans formulated at the end of 2019” due to “the uncertainty about the evolution of the economic outlook and the decline in sales “and foresee a strengthening of the capital for the next few months. “In the next year – we read – around half of the companies expect to keep spending stable, while the rest of the companies anticipate a possible strengthening of capital accumulation.”

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