Stock market: what is moving on the markets before the opening Wednesday

A press release from Pfizer / BioNTech has rekindled the enthusiasm of the past few days. (Photo: 123RF)

After starting slightly lower Wednesday at the start of the session, the enthusiasm of the past few days over the good news on COVID-19 vaccines was rekindled by a press release from Pfizer / BioNTech.

The vaccine resulting from their partnership would be 95% effective in preventing the disease according to the full results of their clinical trial.

At the New York Stock Exchange, this news was well received. All the futures contracts, which were pointing negative a few hours before the markets opened, were now moving in the green: the S&P 500 rose 0.33% to 3618 points, the Dow Jones 0.45%, at 29,854 points, as did the Nasdaq which took 0.18%, at 11,996 points.

In European markets too, this news was received more cautiously than in previous days. In Paris, the CAC 40 rose 0.50% to 5510 points, the FTSE 100 of the London Stock Exchange appreciated 0.37% to 6388 points and the Frankfurt Dax gained 0.32% to 13,175 points.

The Tokyo Stock Exchange ended sharply lower on Wednesday, particularly concerned about a new wave of the coronavirus in Japan and the rise of the yen, while Hong Kong and Shanghai signed small gains.

In Tokyo, the Nikkei star index dropped 1.1% to 25,728 points and the expanded Topix index fell 0.81% to 1,721 points.

Local authorities in Tokyo have recorded 493 new cases in the past 24 hours, a record for the Japanese capital since the start of the pandemic.

The megalopolis could raise its alert level to its maximum on Thursday, as this summer, and ask certain businesses to reduce their opening hours again, according to the business daily Nikkei.

A record was also reached Wednesday at the national level with more than 2000 new cases identified in 24 hours, announced later the local media.

In Hong Kong, after an indecisive start to the session, the Hang Seng index appreciated 0.49% to 26,544 points. The Shanghai Composite Index also rose slightly (+ 0.22% to 3,347 points) but that of Shenzhen fell 0.34% to 2,262 points.

On the oil side

Oil prices were up around 8:30 am, after declining slightly in Asia the day after a meeting of OPEC + countries without concrete measures, oil prices were up slightly.

The price of a barrel of US crude WTI rose 2.00% to 42.26 dollars and that of a barrel of Brent from the North Sea 2.15% to 44.69 dollars.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.