09 november 2020
13:36
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Stock markets are shooting higher after positive vaccine results from Pfizer and BioNTech.
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Pfizer and BioNTech announced Monday afternoon that their coronavirus vaccine is more than 90 percent effective at avoiding the virus. The news makes the stock markets shoot higher.
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By Bel20
shoots more than 5 percent higher, the European stock markets win 4 to 5 percent. In Brussels, AB InBev wins
, KBC
and CFE
about 10 percent. It is no coincidence that these stocks have previously suffered significantly from the impact of the corona virus on the global economy.
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The stock markets had already started the day higher after Joe Biden was announced as the new president by the American media last weekend. With Biden as president, the risks of a trade war between the US and Europe are diminishing.
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“Leave the house” shares
Now that the elections are over, all the attention is on vaccine news. The better that vaccine news, the better the outlook for the global economy, ”say Goldman Sachs strategists. A look at the stock markets teaches investors to invest en masse on a normalization of the economy. In Europe, construction (+ 7%), banks (+ 10%) and travel stocks (+ 10%) are the biggest risers of the day. Kinepolis shoots in Brussels
20 percent higher.
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According to Citigroup strategists, a favorable period is coming for these types of ‘leave the house’ stocks. to watch. The ‘stay home’ stocks such as Netflix
in Amazon
in which investors fled en masse this year may, on the other hand, possibly get it.
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