Asia Pacific stocks set to rise amid coronavirus vaccine hopes; Australia trade data for May expected

Investors will watch for overnight reaction to a study of a coronavirus candidate being developed by Pfizer and BioNTech that showed the drug created neutralizing antibodies. The results, which were posted online, have yet to be reviewed by a medical journal.

In economic data news, Australia's trade data for May is set to be released around 9:30 a.m. HK/SIN on Thursday. Stocks in Asia Pacific were set to rise at the open on Thursday following positive news overnight around the development of a potentialFutures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 22,250 while its counterpart in Osaka was at 22,200. That compared against theMeanwhile, shares in Australia looked set for a positive start as well.

"We are cautious," Joseph Capurso, head of international economics at Commonwealth Bank of Australia, wrote in a note. "We have received positive news about potential vaccines in the past, but all are yet to see widespread production and distribution." Meanwhile, market movements in Hong Kong will also be watched as stocks return to trade following a Wednesday holiday. Hong Kong police announced Wednesday they had

China has got that first approval for limited trials on vaccine but will they and entire World will learn lesson to ban WET markets from where it all started or humans will always be blindfolded by their evil foodlust? stopanimalcruelty PrayersForCoronaFreeWorld

Vaccines are the new trade deal.

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