They turn back on hopes on the anti-covid vaccine and the stock exchanges are inflamed, with the Ftse Mib reaching its highest since March.
The surge in price lists is caused by Pfizer's announcement that the vaccine developed together with the German BioNTech has demonstrated greater efficacy than expected in protecting people from Covid-19. The study is now in phase 3 and the results indicate that vaccine efficacy exceeds 90% in the first 94 subjects to whom it was injected. Positive results that accelerate the advance of the product towards its widespread application. BioNTech has in fact announced its intention to ask the regulatory agencies for authorization to place it on the market with an emergency procedure as early as next week, with the go-ahead which, at least in the US, could arrive at the end of the month. Pfizer and BioNTech expect to be able to deliver 50 million doses worldwide this year and 1,3 billion in 2021.
“Hopefully we can go ahead and get this vaccine to stop the virus,” Kathrin Jansen, Pfizer's head of vaccine research and development, said in an interview.
Caution is a must, given that the data is still incomplete and it will take some time to be sure that the vaccine works, but these indications are enough for the stock markets already galvanized by Biden's victory in the US elections to snatch an upward trend.
Milan, which was up 2% in the morning, shot up to +5,98%, the highest in 8 months, at 16 pm it was up 5,76% at 20.814 basis points. Running too Paris (+ 7,85%), Madrid (+ 8,49%) and Frankfurt (+5,69%) where the title BionTech earns over 14,78%%. Rising sharply the American Stock Exchange with the Dow Jones and the S&P 500 gaining 5,32%% and 3,18% respectively. The Nasdaq rose by 1,27%. Splash Pfizer, with the shares starting to open trading with an increase of 6,59%.
The banks run on the Ftse Mib, with Bper (+ 12,5%), Unicredit (+ 14,38%) to lead the way. Also up sharply Leonardo (+14,52%), which rebounds after the crash on Friday, ed Eni (+ 13,24%).
Also shop on stm which reaches its highest level since 2002 after the increase in estimates for the fourth quarter of the competitor Infineon.
Among the titles of the Ftse Mib in red there is Diasorin (-15,66%), on the hypothesis that the arrival of Pfizer's vaccine could make the role of anti-Covid tests less relevant.
On the rest of the share list, theAs Roma (+38,33%) later the failure of the takeover bid at the discount of the new owner Dan Friedkin and the consequent stop to the delisting.
Turning to the bond, the BTP-Bund spread drops to 120 basis points (-3,24%), with the yield of the ten-year BTP below the all-time low 0,6%.
On the foreign exchange front, theeuro remains strong against the dollar at 1,188, while the price of Petroleum Brent rises to 42,88 dollars per bari (+8,69%).
(Last update at 16.16am on November 9th).
