Stock markets skyrocket and gold plummets due to vaccine news

  • Laboratorio Moderna claims that its vaccine is 94.5% effective.
  • Stock markets advance to new highs and gold plummets.

The announcement by the American company Moderna about its effectiveness with respect to the coronavirus vaccine triggered a series of abrupt movements in the market. The laboratory indicated that the vaccine was 94.5% effective and that the refrigeration conditions were not so demanding.

Stock markets skyrocketed across the globe, extending the gains they already had. Markets in Europe climb close to 1%, with various indices at new highs in months. Wall Street futures point to an open with gains greater than 1% on average.

Among the impacts on assets, the one that suffered the most was the oro which fell from $ 1890 to $ 1865. The yen it was the currency that fell the most in the last few minutes, affected by risk appetite.

The dollar overall he had a mixed reaction so far. It appreciated against the yen, euro and Swiss franc and declined only modestly against commodity currencies. Many of the emerging market currencies made new daily highs.

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