Search
EN Down
Language
Hi, user_no_name
Live Chat

Stock markets surged on some extremely positive news from Pfizer and Biontech, who say their vaccine is 90% effective in phase 3 clinical trials.

From tracking just under 6,000 all morning the FTSE 100 rallied over 100 points on the news, whilst e-minis went up 70 points or so.

The Dow is now seen up 1,300 points – coming on top of the wave of relief from Joe Biden’s victory it’s proving a spicy cocktail for stocks.

I won’t lay with lots of comment about the trials as I am no vaccine expert, all I can say is this is a good news day. Whilst we are not there yet, news that this vaccine could be highly effective is the best thing markets could hope for.

Public health officials will remind us there is a long road ahead, and many challenges will be faced along the way, but there is an enormous sense of optimism today – light at the end of the tunnel. Let’s just hope the vaccine deniers won’t get in the way, but 2021 just got a lot brighter.

E-mini futures – spot when the vaccine news broke

US Futures performance on Pfizer announcement.

Latest news

FTSE 100

Sunday, 21 April 2024

Indices

FTSE 100 index rallies as Wall Street nurses chip losses

Tesla shares poised for 6th straight loss as Cybertruck recalls begin

Friday, 19 April 2024

Indices

Tesla shares drop again as Cybertruck recalls begin

Citi issues new gold price forecast, sees yellow metal at $3000 by year-end

Friday, 19 April 2024

Indices

Citi updates gold price forecast to $3,000 by year-end

Magnificent Seven earnings take centre stage in the markets this week

Friday, 19 April 2024

Indices

Week ahead: Wall Street’s Magnificent Seven earnings are up

Live Chat