Markets up as US clears path for Moderna vaccine approval

European markets have opened positively this morning with Germany’s Dax leading the way up 1.6% as optimism creeps in surrounding vaccination and the prospect of US fiscal stimulus ahead of Central Bank meetings on both sides of the pond. Travel and leisure has also seen a bounce as well as better than expected numbers fromContinue reading “Markets up as US clears path for Moderna vaccine approval”

UK approves Pfizer vaccine, US closes at record highs

The UK has become the first Western country to approve a Covid-19 vaccine, giving emergency authorisation for Pfizer-BioNTech’s 95% effective solution. The jab could be rolled out as early as next week, with frontline workers and the most vulnerable likely to be at the head of the queue. The vaccine does present logistical challenges givenContinue reading “UK approves Pfizer vaccine, US closes at record highs”

Oil holds near 12-week high, with energy stocks soaring

The price of oil held at over $43 a barrel in overnight trading on Sunday and into this morning’s European open, its highest level since early September. That follows the third straight week of gains for oil prices, as progress towards a widely available Covid-19 vaccine has raised hopes of an improvement in energy demand.Continue reading “Oil holds near 12-week high, with energy stocks soaring”

Stocks swing to loss as Covid-19 surge hits optimism

European shares have followed Wall Street into the red this morning as a worrying rise in Covid cases sees jittery investors sell off stocks. Hot off the heels of the positive news that Pfizer’s vaccine was up to 95% efficacy, the US death count hitting the milestone 250,000 mark caused markets to slide. This showsContinue reading “Stocks swing to loss as Covid-19 surge hits optimism”

Bitcoin breaks through $18,000 closing in on all-time high

Bitcoin hit $18,488 during early hours trading this morning before pulling back slightly. The cryptoasset is now trading around $17,800 at the time of writing. It last reached such lofty levels in December 2017. Bitcoin’s market cap has also hit an all-time high of over $330 billion – higher than the previous record of $329.3Continue reading “Bitcoin breaks through $18,000 closing in on all-time high”

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