European stocks and Wall Street futures register rises amid optimism over coronavirus vaccines

Financial intermediaries observe the development of the market in the New York Stock Exchange, United States. EFE / Justin Lane / Archive

Most of the large European stock exchanges rose between 1 and 2% after the news about the good result of the laboratory vaccine tests Modern, which yielded an effectiveness of 94.5% in phase 3 ..

At 13 GMT, Europe increased profits, after opening with increases of around 1%: Milan 2.24% advanced; London 1.8; Paris, 2.12%; the index Euro Stoxx 600, 1.3%, and Frankfurt, 0.98%.

The advance of Madrid stood out, of 3.4% due to the rise in banking after the Spanish BBVA will announce that it has reached an agreement with The PNC Financial Services Group to sell 100% of its subsidiary BBVA USA Bancshares, the company that owns, in turn, all the capital stock of the bank BBVA USA, for about 9.7 billion euros (11.6 billion dollars).

Wall Street prepares for a profit session

US stock futures also rose this Monday Due to optimism about possible Covid-19 vaccines: the news about Moderna confirms that perspective and analysts expect a day of strong earnings.

Futures linked to S&P 500 they went up a 1%. Contracts linked to the Industrial Average Dow Jones were up 1.6%.

Moderna’s shares rose more than 16% in premarket trading. The companies that can benefit from the reopening of the economy also rose, with United Airlines Holdings raising a 8% and the cruise operator Royal Caribbean Group a 7,2%.

Investors expected positive news about Moderna's vaccine and got it (REUTERS / Dado Ruvic / Illustration / archive)

Investors expected positive news about Moderna’s vaccine and got it (REUTERS / Dado Ruvic / Illustration / archive)

Businesses that have benefited from stay-at-home orders fell: Zoom Video Communications was down 6.5% pre-market and Peloton Interactive it was down 4%.

Recently, Investors have been encouraged by the outlook for more positive news on coronavirus vaccines, which could indicate a return to greater economic normality. The news of a successful test of Pfizer Y BioNTech shook the markets last week.

Asia, driven by Japan and the RCEP trade deal

In Asia, Such earned more than 2%, while Shanghai advanced 1.1%, and Hong Kong, 0.8%, thanks to the China’s industrial production data and Japanese GDP, as well as by the trade agreement established by Asian Pacific countries.

People pass by the indices of the Shanghai and Shenzhen stock exchanges in China (REUTERS / Aly Song)

People pass by the indices of the Shanghai and Shenzhen stock exchanges in China (REUTERS / Aly Song)

Lhe Southeast Asian stock markets also closed their sessions this Monday with rises, except in Vietnam and the Philippines, after the signing this Sunday in Hanoi of the Regional Integral Economic Association (RCEP), the largest free trade agreement in the world.

Euro, gold and oil

At this time the price of the euro rose to $ 1,186, 0.25% more than last Friday.

The rise in the price of a barrel of oil also contributed to the rise in the stock market, 2.2%, up to $ 43.72.

The price of a troy ounce of gold stood at $ 1,891, with a rise of 0.75%.

The performance of the long-term German debt was established in the -0,56 %.

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