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Markets rejoice over positive COVID-19 vaccine data- Monday Review, November 16

Miguel A. Rodriguez
Miguel A. Rodriguez
17 November 2020
Asian markets high over signing the world's largest regional free-trade partnership

The US

Moderna's positive data made the benchmarks close at record highs, even after the US reported more than 11 million cases. USA30 rose 1.60%, while USA500 went up 1.17%. TECH100 added 0.80%.

Gold climbed 0.3% to $1,891.60 per ounce.

Crude oil settled up at $41.34 per barrel, while Brent ended the day 2.4% higher at $43.82.


Asia and Australia

The markets surged after fifteen counties, including China, Japan, and Australia, signed the Regional Comprehensive Economic Partnership trade deal. The deal aims to liberalize trading between the countries.

Japan225 surged 2.05%, hitting a five-year high.

HongKong45 was up 0.63%.

Down under, Australia200gained 1.23%.

USD/JPY lost 0.07% to 104.55.



The stocks ended the day in the green, being moved by Moderna's data regarding its experimental COVID-19 vaccine. Germany30 and UK100 each closed 0.7% higher. France40 climbed 0.9%.

EUR/USD traded at 1.869 after it gained 0.3%.

Read here all about Moderna’s drug!


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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.