Tag "covid-19"
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Moderna Delivers Booster Shot for Wavering Markets
Equity markets received a potent booster shot on Monday and barrelled ahead on news that a vaccine developed by US biotech group Moderna had obtained an astonishing 94.5 percent inoculation rate in late-stage trials. On Monday, the benchmark S&P 500
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Joe Biden No Panacea to Global Trade Troubles
The imminent departure from the White House of the self-styled dragon-slayer does not necessarily bode well for Chinese President Xi Jinping. Though the incoming Biden Administration is expected to take a less ideological approach to international trade, a reappearance of
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Fed Chair Powell: “Recovering to a Different Economy”
A river runs through it. President Christine Lagarde of the European Central Bank (ECB) argues that safely fording the ‘big river of uncertainty’ that runs through the global economy requires a sustained fiscal and monetary effort. Major interventions by central
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Commissioner Gentiloni on EU Economy: Andante Ma Non Troppo
The V-shaped economic recovery expected to unfold next year is merely an illusion sourced from wishful thinking. Yesterday, EU Commissioner for Economy Paolo Gentiloni warned of a double-dip recession and said the European Commission mulls an extension by at least
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Markets Move in Anticipation of Boom Times
Yesterday, equity markets the world over went near-ballistic on the news that an effective vaccine had been developed to tame and possibly defeat the novel coronavirus. Already buoyed by Joe Biden’s win in the US presidential election, markets moved even
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Trumpism 2.0: Message to Survive Delivery Malfunction
A disconnect between the medium and Trump’s message deprived the incumbent President of a second term in office. However, seventy million voters cannot be wrong – or ignored. A sizeable part of the US electorate that didn’t burst into celebration
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President Trump Silenced by Major Networks
Whilst you were not looking the five largest US tech companies added some $700 billion to their combined market cap since election day. The slightly muddled new political order taking shape in Washington is expected to benefit Big Tech. It
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US Investment Analysts Have Moved On from Trump
Wall Street doesn’t believe in miracles. In anticipation of a ‘blue wave’, US investors pushed the blue-chip S&P 500 up as the nation decides on the next occupant of the White House. With some 100 million votes already cast, pundits
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Corporate America Weighing Its Options, Drifting Towards Biden
It’s the elephant in the room, quite literally, that most CEOs would prefer to quietly sulk in the far corner rather than upset their rickety apple cart, already wobbling under the strain of the Corona Pandemic. Just about the last
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Big Tech Five Cash In on Pandemic
Big Tech is on a high. Yesterday, four of the five FAAAM giants published their quarterly results and surprised Wall Street analysts with a stronger than expected revenue growth over Q3. Year-on-year, the quartet (Facebook, Alphabet, Amazon, and Apple) registered
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