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Markets reacted positively to the joint announcement by Pfizer and BioNTech on their successful COVID-19 vaccine candidate, with most indices surging to new highs. The only exception being the NAS100, with the tech sector continuing to feel the pressure from poor sales. The US30 surged 2.95%, SPX500 rose 1.17% while NAS100 fell by 1.53%. Heavily […]

Market Recap – Waiting mode

Two days have been left for the upcoming G-20 meeting in Japan and markets seem to be in a waiting mode. Equities have been retraced, with SP500 trading at -1.50% from its historic highs, Nikkei heading towards the technically significant 20945 level and Dax heading to test its 50 day moving average. Apart from the […]

Daily Market Outlook – Countdown to the US Presidential Election

The final countdown has begun! With just one day left before the US Presidential Election market participants are sitting on the edge of their seats waiting in keen anticipation for the final result. Both Trump and Biden are putting all they have left in the critical states that will most likely impact the final outcome.  […]