Moderna announced positive news on Vaccine

Daily Analysis - 15/07/2020

Moderna on track for a COVID-19 Vaccine


Stock futures rose in late trading following Moderna’s announcement that its COVID-19 vaccine generated immunizers in all cases involving patients during an early test. That fact increased confidence for a more durable economic improvement. Biotech Moderna’s candidate vaccine to stop Covid-19 constructed a “robust” resistant response, or neutralizing neutralizers, in all 45 cases in its initial stage human test, according to the New England Journal of Medicine freshly published data today. Shares of Moderna rose more than 16% in after-hours negotiating, while some stocks usually influenced by positive COVID19 news rebounded after the announcement about the vaccine.

Dow futures got more than 200 points

Stock futures went higher in late exchanging yesterday following the positive news regarding a possible vaccine candidate announced by Moderna which produced immunizers for all its test cases.

Futures on the Dow Jones Industrial Average surged more than 260 points, leading to an approximately 240-point addition at today's open. S&P 500 futures and the Nasdaq 100 futures further steered towards a positive start today.


U.S. crude inventories dropped while oil prices gained momentum

Oil prices surged today following a steep decline in U.S. crude inventories, with investors anticipating additional hints from a conference later today covering the future level of stock by OPEC and its allies.

Brent crude futures moved up 10 cents, at $43 a barrel while U.S. West Texas Intermediate (WTI) crude futures surged 14 cents to $40.43 a barrel.


Spot gold was up 0.1%

Gold raised early today while remaining rooted over the key $1,800 level, while concerns over increasing coronavirus cases and boiling China-U.S. stress raised the request for the safe-haven metal.

Spot gold got 0.1% at $1,809.41 per ounce while U.S. gold futures were even at $1,813.70.


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