Weekly

Winter is approaching

2020-11-19

Yesterday, Pfizer Inc. announced the final data of clinical test, indicating that the novel coronavirus vaccine jointly developed by Pfizer Inc. and German biotechnology company has a final effective rate of 95%.

And there are no serious side effects, the company will apply to the U.S. Food and Drug Administration for emergency use permission this Friday, and the company has also launched a tight review application for European regulators, claiming that if all goes well,

The approval of these two institutions can be obtained before the end of December. Finally, the company emphasized that its vaccine has good tolerance, and looked forward to developing a vaccine which is suitable for transportation and does not need low temperature storage in February 2021.

Affected by the news, Pfizer's share price rose by 0.8%.

However, some US government officials said that it will take about 7 to 10 days to grant the emergency right to use. Affected by COVID-19 vaccine news, the German DAX index rose by 0.5% in major stock markets and bombs in Europe;

French CAC index also rose by 0.5%; Britain's FTSE 100 Index rose by 0.3%. The new york stock market did well in the early stage with vaccine news, and the Dow Jones index did well in the early stage, but the epidemic continued to deteriorate.

Yesterday, the number of newly infected people in the United States reached a new high of 152,000. The US Department of Health warned the public that severe winter was approaching and SARS-CoV-2 had the opportunity to make the last big outbreak. The Federal Reserve Chairman Powell also said that,

The recent progress in vaccine research and development is good news in the medium term, and the local economy is expected to continue to recover steadily, but it may lose momentum due to the surge in the number of people infected with pneumonia in COVID-19. The warning sounds alert investors,

The stock market retreated, and the Dow Jones Index and the Standard & Poor's 500 Index fell by about 1.2% respectively; The Nasdaq index fell by 0.8%.


The dollar continued to slump, closing at 92.38 points. Yesterday, the price of gold still fluctuated within the range. When it opened, it fell from a high of $1,880 per ounce to a minimum of $1,864, and finally closed at $1,872 per ounce.

Down $8. It is expected that the price of gold will only fluctuate between 1850 and 1900 before the official US president's name. On the other hand, the virtual currency "Bitcoin" has continuously risen above 14,000, 15,000 and 16,000 in less than two weeks.

It just broke the 17,000 mark the day before yesterday, and rose above the 18,700 mark yesterday. The highest price was $18,473 per piece, but it failed to stabilize and finally closed at $17,777 per piece.

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