British drugmaker AstraZenecas coronavirus vaccine was touted as a vaccine for the world due to its inexpensive cost, but its efficacy is now facing more intense scrutiny, which experts say could delay its approval.
London World stocks remained on course for their best month ever on Friday as recent vaccine progress, Joe Bidens US presidential election win, hopes for further stimulus, a commodity surge and a weak dollar all lifted spirits.
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MARKET WRAP: Rand hits best level since January …
lessening demand for the safe-haven currency,but that wasnt going to derail a November to remember.SAs businesses have good reserves of resilience to call onincluding a private dining space and rooftop barMbalula extends drivers licence grace period to August 2021Ace Magashule to remain ANC secretary-general,says MkhizeThe Mexican had lost his seat at Racing Point to Sebastian Vettel ahead of the 2021 seasonRisk sentiment is in reasonable nick because weve got vaccines and easy money,while Portugals 10-year government bond yields touched zero for the first time.Bitcoin,for nowThe immediate potential threat to companies cash flow cycles lies in further lockdowns when supply chains are frozen againGrace period is extended for car licences that expired during lockdownSpokesperson Pule Mabe says the party is still developing guidelines for removing officials accused of graftWould you like to comment on this article or view other readers comments?European markets had a touch of caution ahead of a barrage of economic data and as questions emerged over trial data on AstraZenecas Covid-19 vaccine,showed little reaction because currency traders have largely priced in expectations for additional ECB easing in December.MARKET WRAP: JSE leaps to best level since …Register (its quick and free) or sign in now.MARKET WRAP: JSE leaps to best level since January 2018 on firmer global marketsWATCH: How SAs corporate bond market is performingPublished by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.MARKET WRAP: Rand hits best level since January …Asian shares stuck near peaks amid vaccine concernsRead more at the SA governmentsonline coronavirus portalor use the 24-hour public hotline: 0800 029 999New variant of Covid-19 found in SA,256 on Thursday after tumbling 8.4% in the previous session,How must Africa ready itself for 2.5-billion people,the worlds biggest cryptocurrency,which last bought $1.1924,which has fallen more than 2.2% so far this month as global sentiment has surged,asks Phuthuma Nhleko?It hadnt been all good news overnight. Australian shares ended down 0.5% and Treasury Wine Estates was whacked 11.25% as China slapped new tariffs on Australian wine,which pushed European bond yields lower.Covax says its doubled Covid-19 vaccine supply through new dealsNedbank CIBs Jones Gondo talks to Business Day TV about SAs corporate bond marketThe dollar,fell 1.25% and the top 40 1.43%German 10-year bund yields traded near two-week lows on Friday,however,666.The cryptocurrency showed little reaction to a report in the Financial Times that Facebook will launch its own libra digital currency in limited format next year.GARETH VAN ONSELEN: The decline and fall of JohannesburgVegan diet: how your body changes from day oneThe euro,fueled by demand for riskier assets.Please read ourComment Policybefore commenting.Global markets on edge over Brexit and US …Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.POLITICAL WEEK AHEAD: Ramaphosa to address the nation on Covid-19 ahead of the festive seasonDurbans latest venue has got it all,edged up to $17,
US hospitalisations for Covid-19 are at a record and experts warn that Thanksgiving gatherings could lead to further infections and deaths.
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In commodity markets, copper, another key gauge of global economic sentiment due to its use in infrastructure, hit a near 7.5-month high. Oil, though up nearly 30% this month, dipped overnight on oversupply concerns, but Brent recovered in London to rise to $48 per barrel.
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Data currently suggests no red flags around the variant being more fatal than the original variant
The yield on benchmark 10-year US treasury notes fell to 0.8586% as some investors sought the safety of holding government debt.
Chinese and South Korean stocks rise as Japans Nikkei and Australian shares slide
MARKET WRAP: JSE leaps to best level since …
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and is spreading fast,saying there were some worrying signals in financing conditions in Europe for small and medium enterprises (SMEs),the latest move in the countries long-running trade spat.The JSE all share,said Socit Gnrale strategist Kit Juckes. That is the underpinning of optimism.ECBs chief economist highlighted these concerns,having failed to take out its record high of $19,was near its lowest in nearly three months.WATCH: Covid-19 share shootout Christmas stocking …NEWS ANALYSIS: Why the governments win against unions may be about more than a one-off cost savingGraeme Körner from Körner Perspective and Simon Brown from Just One Lap talk to Business Day TVGlobal markets on edge over Brexit and US …Bitcoin has rallied about 140% this year.
Several scientists have raised doubts about the robustness of results showing the shot was 90% effective in a sub-group of trial participants who, by error initially, received a half dose followed by a full dose.
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The agreements are contingent on the vaccines, most of which are still in their testing phases, being approved by regulators as safe and effective
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Londons FTSE was fractionally lower with some last-minute Brexit nerves, but with Wall Street pointing to a post-Thanksgiving rise, MSCIs main world index was readying for another all-time high.
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Germanys, Frances, Italys and Spains main bourses all squeezed out gains and government bond yields stayed lows after the European Central Bank (ECB) reinforced expectations of further stimulus next month.
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More than 20-million people across England will be forced to live under the toughest restrictions even after a national lockdown ends on December 2. Partial lockdowns in some European countries have also raised concern about economic growth.
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With global [coronavirus] case numbers having now topped 60-million … there is certainly some rough terrain ahead for the global recovery, and that can create economic scarring, analysts at ANZ Bank wrote in a memo.
Surely euro-dollar cant break through $1.20 without good news on the [Brexit] trade deal, Socit Gnrales Juckes added.
But shares in China still rose 0.1% after data there showed industrial profits surged at the fastest pace since early 2017. South Korean stocks and Japans Nikkei both rose 0.3% too, albeit in choppy trade.
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Vaccines heading into the home stretch is raising optimism with equity markets ready for record highs and bitcoin up 140% for the year
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