Anthony Fauci, the top U.S. infectious disease official, said Gilead’s antiviral remdesivir will become the standard of care for COVID-19 after early results from a trial seemed to show it helped speed recovery.
“I think it is reasonable for markets to be less bearish than they were in mid-March...but it’s far too early for a sustained rally in risk appetite, so we’re probably due for a little bit of a pullback.” The yield on benchmark U.S. 10-year Treasuries US10YT=RR stayed parked at 0.6237%, after the U.S. Federal Reserve left interest rates near zero and gave no indication of lifting them any time soon.rose 1%. Markets in Hong Kong and South Korea were closed for public holidays.
That has the ECB under increasing pressure to deliver even more support on Thursday - probably by expanding its bond buying programme - as European leaders seem unable to agree on the details of a rescue package.
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Asian stocks set to track U.S. gains as virus treatment hopes lift confidenceAsian equity markets were poised to gain on Thursday, tracking Wall Street's rally after positive trial results of an experimental COVID-19 treatment, a U.S. Federal Reserve pledge to shore up the economy and a jump in oil prices. boycottChineseProducts Ahhh dirtychina managed to take over a pharmaceutical company that doea remesidivir? Srole the IP now magically WHO will say its.the cure boycottchina makechinapay punishchina
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Rally Ahead of Blue-Chip Earnings; Oil DropsA fresh plunge in oil prices signaled a bleak outlook for energy demand as the coronavirus pandemic ravages the global economy. Proof that demand drives price. Stop depending on oil Targetting - 50 up to - 100 ? This hardships to United States is a blow so devasting that may to provoke severe damages to the economy and the people in general.
Source: WSJ - 🏆 98. / 63 Read more »
What to watch today: Stocks set to rally again, tracking to break three-month losing streakStocks are set to advance as Dow stocks 3M, Caterpillar and Pfizer rise on earnings and U.S. oil prices come off their lows. $ZNGA
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Rally, Dow Rises Over 300 Points As Investors Become More Optimistic About Reopening The EconomyStocks are attempting a fifth straight session of gains. No one is working yet stocks surge. Not good. What when people realize things after reopening ain't sunshine at all lose trust and boy does the stock market plunge again -30% The European Commission estimated the amount of tax evasion in the UE at 2 TRILLION € -Recovering PUBLIC MONEY from tax evasion -Taxes financial transactions -To finance NEW product & organizational MODELS : social ecology-economic democracy EVERYTHING MUST BE RETHOUGHT Meanwhile, rent and mortgage payments are due in a few days, AND 1/3 of Americans missed their rent payments for APRIL...
Source: Forbes - 🏆 394. / 53 Read more »
Stocks Rally, Dow Up 400 Points After Gilead Treatment Shows ‘Positive Data’The market got a boost from news of a potential treatment for coronavirus. so there was no need to drop the interest rate to 0?
Source: Forbes - 🏆 394. / 53 Read more »
Stocks charge higher on hopes for progress in fighting virusStocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19. The optimism helped send the S&P 500 up 1.9% in the first few minutes... Great news Another proof that finance is enemy of the people. I have a good feeling about Alka Seltzer.
Source: AP - 🏆 728. / 51 Read more »