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Expectations for COVID-19 vaccine push up stock prices BNN

Global stock prices rose on Wednesday, July 15, in anticipation of the development of the COVID-19 vaccine, and optimism was boosted by the prospect of new US economic stimulus.

The expectations were raised by a US biotechnology company Modern a statement that the final phase of the human trials of COVID-19 will begin at the end of the month and that the first phase of the trials was successful.

“Needless to say, the vaccine will change the rules of the game in a pandemic, allow normal life to resume, and businesses and households will be able to prosper again,” said trade groups. Oanda analyst Craig Erlam.

“So it’s no surprise that investors are a little excited about the results of these trials in the early stages.”

The rise was fueled by signs that the United States could adopt new economic incentives to deal with the effects of the COVID-19 crisis as Republican leaders in the White House and Congress change their stance against them.

US technology company Apple The share price increased after the General Court of the European Union annulled the European Commission ‘s decision to recover from Apple EUR 13 billion to compensate Ireland for its unpaid taxes.

More on this topic: European Commission loses in court over Apple 13 billion euros in tax debt

Banks Goldman Sachs the share price rose according to the bank’s optimistic earnings forecasts.

Oil prices rose despite doubts about OPEC’s readiness to maintain production cuts.

US stock index Dow Jones Industrial Average on Wednesday rose 0.9% to 26,870.10 points, the index Standard & Poor’s 500 rose 0.9% to 3226.56 points, while the index Nasdaq Composite increased by 0.6% to 10,550.49 points.

The London Stock Exchange index FTSE 100 rose 1.8% to 6292.65 points on Wednesday, the Frankfurt stock exchange index DAX 30 rose 1.8% to 12,930.98 points, while the Paris stock exchange index CAC 40 rose 2.0% to 5108 .98 points.

In the e-commerce of the New York Stock Exchange, the price of WTI crude oil rose by 2.3% on July 15 to USD 41.20 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 2.1% to $ 43.79 per barrel.

The euro rose from 1.1400 to 1.1410 dollars per euro against the US dollar on Wednesday, the British pound rose from 1.2553 to 1.2589 dollars per pound against the US dollar, while the US dollar fell from 107.24 against the Japanese yen. to 106.92 yen per dollar. The euro fell against the pound sterling from 90.81 to 90.62 pence per euro.

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