The idea that a viable vaccine against the virus could happen soon made the markets move significantly.
Wall Street was on high-horses yesterday, after Moderna’s vaccine trial was a successful one, giving hope to investors: USA500 scored the biggest one-day gain in six weeks – 3.15%. TECH100 added 2.44%, while USA30 rose 3.85%.
Gold peaked at a seven-year high of $1,775.40.
Asia and Australia
In Asia, Wall Street gains continued, with some of the benchmarks reaching new levels. Japan225 went up 2% - the most significant increase since early March.
HongKong45 gained 2%.
Australia’s ASX added 2%.
USD/JPY was at 107.40.
AUD/USD gained 0.25% to $0.6540.
In Europe, not only the news of a future vaccine made the markets move, but also the easing of the containment measures, as in some countries, the number of infections seems to be under control and even decreasing. Europe50 was up 2%, while Germany30 rose 5.67%.
EUR/USD reached a two-week high at $1.0907.
EUR/GBP added 0.17% to 0.8960.
GBP/USD gained 0.1% to $1.2201.
See what CAPEX.com has to offer! Register now!
Sources: marketwatch.com, investing.com, cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.