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Dows best day since June 5 The major indices opened sharply higher on the back of the Pfizer news on a vaccine. The gains were led by the Dow industrial average the S&P index. The NASDAQ index went along for the ride early on. However, a late day selling pushed the NASDAQ into negative territory. The
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NEW YORK: Oil surged on Monday, putting it on track for its biggest daily gain in more than six months after Pfizer announced promising results for its COVID-19 vaccine, boosting risk assets around the globe. Brent crude was up $3.14, or 8%, to $42.61 a barrel at 11:24 a.m. EDT (1624 GMT), while U.S. West
The world, at least the financial markets part, is in euphoria today on news that tens of millions doses of coronavirus vaccine are ready this year, to pull it out of the coronavirus pandemic that took away over 1.2 millions lives. DOW future is in massive rally, up around 1500 pts of writing while European
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened restaurant demand for
GBP/USD Price Analysis: Bulls struggle near two-month top, 5-day SMA offers immediate support GBP/USD recedes to 1.3160 during the initial hour of Tuesday’s Asian session. The pair refreshed the two-month peak on Monday but failed to stay positive beyond 1.3200. However, bullish signals from the MACD joins strong RSI, not near the overbought region, favor
The USD is trading mixed as Dow stocks soar on Pfizer vaccine results The AUD is the strongest and the JPY is the weakest as traders react to the election and the new that Pfizer vaccine is 90% effective. The news has investors piling into Dow related stocks including banks and energy, along with beaten
Huge moves in financial markets Big congratulations to Pfizer and all the scientists there who are hopefully going to save us all from covid-19. The benchmark for ‘success’ in the vaccine was 50% efficacy but at 90% this far exceeds that. The market is absolutely loving this and there are going to be some huge
New Delhi: Gold prices rose for the fourth consecutive day on Monday, gaining Rs 277 to Rs 52,183 per 10 gram in the national capital on a strong global trend, according to HDFC Securities.In the previous trade, the yellow metal had closed at Rs 51,906 per 10 gram. Silver prices also jumped Rs 694 to
Yen and Dollar weaken generally in Asian session today as strong risk appetite continues. Notable rally is also seen in gold today, extending its near term rally. New Zealand Dollar is currently leading other commodity currencies higher. European majors are generally mixed. Focus would turn to the neverending Brexit negotiations, as EU chief negotiator Michel
The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit. As markets widely expected, the Fed kept its benchmark interest rate anchored in a range between 0%-0.25%, where it has been since an emergency cut
McDonalds restaurant in Londons Oxford Street. Restaurants are only allowed to open for takeaway orders during the Englands second lockdown. Dave Rushen | LightRocket | Getty Images McDonald’s is expected to report its third-quarter earnings on Monday before the bell. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings
The S&P 500 Index needs to close above 3550 to see its bullish “triangle” continuation pattern earlier than expected, clearing the way for a move back to the 3588 record high and new highs in due course, according to economists at Credit Suisse. See – S&P 500 Index tend to perform well in the three-month period
Bitcoin (BTC) is starting what will be likely a hectic week for markets as the United States begins its two-month presidential transition. After Joe Biden was declared the projected winner of the U.S. presidential elections during the weekend, Bitcoin fell, but managed to avoid major losses — what’s next? Cointelegraph takes a look at the
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