“Despite the fact that deadlines have been missed over and over, we think it is responsible at this point to go the extra mile,” read a joint statement yesterday from European Commission President Ursula von der Leyen and UK Prime Minister Boris Johnson. Details were thin
After the flurry of vaccine breakthroughs in recent weeks, and with 2020 drawing to a close, investors are focusing on the shape of the economic recovery that they expect to take place in 2021. Last week, the OECD published its twice-yearly economic outlook for countries around
Global markets are on track for their best month ever, after the announcement of several vaccines to fight COVID-19 and the election of Joe Biden shifted market sentiment to ‘risk-on.’ The US Dow Jones hit a record high last week and the MSCI World index
Vaccine announcements proved themselves to be like buses last week, after two arrived in quick succession. Moderna announced that its phase three clinical trials found its vaccine to be 95% effective, just one week after Pfizer/BioNTech had announced their results. Early this week, University of Oxford/AstraZeneca
Six countries, 44,000 trial participants, 90% effective: the numbers in Pfizer’s press release last week were promising. On Monday, the US drug giant announced that the late-stage trial of its COVID-19 vaccine, being co-produced with Germany’s BioNTech, had produced some strong results. The news fuelled a
At the time of writing on Monday lunchtime, markets were rising thanks to a rare piece of good news about COVID-19. Pfizer and its German partner, BioNTech, have said that their experimental vaccine for the virus is more than 90% effective. It's too early to understand
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