The Dow Jones futures are trading higher as traders are optimistic about the Moderna vaccine trial data.
The Dow Jones futures are trading higher as traders are optimistic about the Moderna vaccine trial data. It seems like that the nightmare the global economy is living may have a solution. We have seen several events of similar optimism that led to stock market rallies this year. But the fact is that any news that confirms a possible defense against Covid-19 is positive for the coronavirus stock market.
President Trump signed an order yesterday that ends Hong Kong’s special status. The US-China relation is still something that investors need to keep an eye on.
The global stock market recorded a positive day. The Japanese Nikkei index recorded most of the gains; it advanced 1.59%. The Shanghai index declined by 0.59% while the HSO index closed mostly flat.
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Moderna has been at the forefront of developing a coronavirus vaccine. Yesterday it came out with more positive news. A Covid-19 vaccine that was tested on 45 healthy adults confirmed a boost in their immune system. This trial study of the coronavirus vaccine by Moderna now paves the path for a bigger trial of this vaccine on nearly 30,000 healthy individuals.
The final study trial is set to begin on July 27. The US chief scientist Dr. Anthony Fauci is enormously optimistic about the Moderna coronavirus vaccine news, and he has said, «No matter how you slice this, this is good news».
Moderna’s stock price is likely to be highly volatile and in demand today.
Trump has signed an order yesterday that takes away the special treatment Hong Kong was receiving. This particular act of Donald Trump is designed to punish China for imposing a new security law in Hong Kong. Once again, it is essential to keep in mind that China considers these acts as interfering in domestic issues. It is almost inevitable that we will not see a counter-reaction from Beijing.
