Wall Street investors can expect an unspectacular opening on Thursday. The broker IG assessed the Dow Jones Industrial just under an hour before the start of trading, 0.08 percent higher at 31 296 points.
In the middle of the week, the US benchmark index had fallen moderately due to the renewed rise in US bond yields, while the indices on the Nasdaq technology exchange were actually neglected. Higher interest rates for bonds considered safe make stocks, which are considered riskier, less attractive.
Investors are now eagerly awaiting a speech from Federal Reserve Chairman Jerome Powell, which is due in a few hours. This is his last chance to comment on developments in the bond markets before a two-week standstill period begins on the weekend before the next meeting of the central bank’s open market committee, analysts said. This makes important monetary policy decisions such as setting the key interest rate.
There was hardly any potentially price-moving news from companies on Thursday. The shares of Curevac listed in the USA rose pre-market by a good four percent after the pharmaceutical company Novartis had signed a production agreement with the Tübingen vaccine manufacturer. Novartis is to produce the mRNA and the active ingredient for the corona vaccine candidate CVnCoV from Curevac. At the end of January, Novartis already had Biontech in Mainz
a similar agreement made./gl/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0317 2021-03-04/14:52
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .
