Nhau News Online News that is accurate, reliable, trustworthy!!
The announcement, a week ago, that Pfizer PFE.N had developed a very effective vaccine has investors hoping for similar good news soon from rival Moderna MRNA.O and looking past a tough winter to a better spring and summer ahead.
Besides the virus, Brexit trade talks are chief among European investors’ concerns on Monday and hopes for a breakthrough have supported sterling against the dollar and the euro.
The British pound edged higher against the dollar GBP=D3, changing hands at 1.3219 per dollar, and against the common currency as well, and last stood at 89.75 pence per euro EURGBP=D3.
The departure of hardline adviser Dominic Cummings from Downing Street is seen as a positive, perhaps allowing more British concessions, but chief negotiator David Frost said on Twitter that talks “may not succeed”.
A slew of U.S. Federal Reserve speakers are also up this week, beginning with Vice Chair Richard Clarida at 1900 GMT.
U.S. bonds, which had sold off strongly on vaccine news last week, were again slightly lower, with the yield on benchmark U.S. 10-year debt US10YT=RR at 0.8832 percent. Reuters
