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Futures trading is pointing to a decline from the start in the wake of yesterday’s stock market party, which was triggered by the announcement that a corona vaccine developed by Pfizer and BioNTech is 90 percent effective in preventing infections by covid-19.
According to IG, the British FTSE 100 is heading for an 87-point drop at the open to 6,110, the German DAX is set to drop 222 points from the start to 12,896, while the French CAC 40 is targeting a 101-point drop to 5,235.
According to IG Trading, pre-trading points to a 1.3 percent drop on the Oslo Stock Exchange since the start of Tuesday.
Oil in red
In the oil market, concerns about demand have taken hold of yesterday’s recovery.
However, the Brent oil front contract has rallied past the morning hours and is now unchanged at $ 42.40 today.
WTI oil was down 0.2 percent at $ 40.21 a barrel.
Mixed asia
In Asia, most of the leading indices are on the rise, with the Nikkei rising 0.3% and the Topix index overall 1.1% in Tokyo.
In China, the Shanghai Composite is down 0.4 percent, while the large-cap index in China is down 0.6 percent. Hang Seng in Hong Kong is up 0.6 percent.
In South Korea, the Kospi Index rose 0.1 percent, while the Sydney Stock Exchange rose 0.6 percent.
Aircraft inventories are leading the way, and Cathay Pacific, Japan Airlines, Ana Holdings, Korean Air Lines and Singapore Airlines are increasing by 10 to 20 percent.
An overview of Asia here.
Dow Jones Festival
The Dow Jones was unveiled on Wall Street on Monday, rising nearly 3 percent to 29,157.97 after announcing that a corona vaccine developed by Pfizer and BioNTech is 90 percent effective in preventing COVID-19 infections.
Thus, the index almost surpassed the record of February 12.
The broad S&P 500 Index rose 1.2 percent, while the high-tech Nasdaq closed 1.5 percent lower.
While Pfizer and BioNTech rose respectively. 7.7 and 13.9 percent, injured sectors such as energy, tourism and finance also had wind in their sails. Carnival stood out by climbing as much as 33.6 percent, while Southwest Airlines and Walt Disney rose respectively. 12.2 and 12.6 percent.
Top banks such as JPMorgan, Bank of America, Citigroup and Wells Fargo all rose above 11 percent.
Shares of “Stay Home” like Netflix and Zoom fell, respectively. 8.6 and 17.4 percent.
– I think the rally is justified. I think we should start a new discussion, and this is what America will look like after the corona pandemic, says CNBC’s “Mad Money” host Jim Cramer.
All comment here.
Rally i Oslo
The Oslo Stock Exchange also accelerated after yesterday’s vaccine news, with the main index jumping 4.4 percent to 883.14, and the shares were trading for NOK 8 billion.
Equinor showed an increase of 7.5 percent, while Aker BP advanced more than 11 percent.
SAS got air under its wings and decreased more than 26 percent, while Norwegian more than 13 percent hit the message that the state will not contribute a billion in support.
Otherwise, among the most traded Mowi rose more than 12 percent, Storebrand almost nine percent and Norsk Hydro 6.5 percent.
According to IG Trading, pre-trade thus points to a negative start on the Oslo Stock Exchange on Tuesday, with a drop of 1.3 percent.
All comment here.
