Economy
Why an approved coronavirus vaccine can’t quickly end the pandemic
Tesla CEO Elon Musk has warned you.
In May, when the electric car’s stock was less than half its current value (adjusted for the split), Musk tweeted that his company was overvalued. Investors finally shared that view on Tuesday when the stock fell 21%, the worst drop in history since the S&P Dow Jones indices stopped Tesla TSLA.
to the S&P 500 index.
Since September 2, the worst members of the Nasdaq-100 have been Tesla, the electronic signature provider of DocuSign DOCU.
semiconductor manufacturing company KLA KLAC,
Zoom Video Communications ZM,
and computer games company Nvidia NVDA,
– All, except for the UAC, this year have risen in price at least twice.
While the timing may have been unexpected, the actual drop can be explained as an adjustment for irrational exuberance, particularly for the tech sector.
Read also: Best of luck, stocks have performed well after similar Nasdaq adjustments.
But one of the reasons for the bump in the market, at least until September, was the work of several companies on a coronavirus vaccine. Evercore ISI held a teleconference on this topic and the findings were sobering.
Speaking to the news that AstraZeneca has suspended COVID-19 trials due to illness, analyst Josh Shimmer noted that for most vaccines, pharmaceutical companies agree to lower levels of immunity in exchange for better tolerance. Now, he says, companies are promoting the protective profile for maximum effect, knowing that it could have more side effects. In his opinion, the likelihood that the first vaccines will work well is greater than 50/50, which he defined as a 90% reduction in event rates or a significant benefit in severe cases.
AstraZeneca AZN,
along with vaccines created by Pfizer PFE,
/ BioNTech BNTX,
cooperation with Moderna MRNA,
were considered the most likely to complete the final stage of the trial by October. Novawax NVAX,
The vaccine, which many investors consider their favorite, is expected to complete phase 3 in December, according to Schimmer.
But the next most likely scenario is that they work, but not very well, as a flu vaccine, in which case the impact on mitigating the pandemic will be limited. “I don’t know if the COVID vaccine will quickly get us out of this mess with a 60% effectiveness,” he said. (Minimum efficiency 50%.). In this scenario, the hope is that the second wave of vaccines will work better, “swap out vaccinated horses halfway if better ones come out.”
He added that the likelihood that vaccines do not work, worsen the infection, or have problematic side effects is less likely.
More positively, analyst Vijay Kumar said the recently approved rapid antigen tests at the point of care will be helpful in rebuilding the economy and alleviating testing restrictions. He said that by the first half of next year, anyone will be able to get tested.
Buzz
AstraZeneca AZN,
said it “voluntarily suspend vaccinations to allow an independent committee to review the safety data, “And called the pause” routine. ” The New York Times reported that a volunteer in a UK trial was diagnosed with transverse myelitis, an inflammatory syndrome that affects the spinal cord and is often caused by viral infections.
LVMH Moet Hennessy MC,
said it would not be able to complete the previously announced $ 16.2 billion takeover of Tiffany TIF,
which led to a sharp decline in the US luxury retailer’s premarket inventory and prompted a lawsuit to enforce the deal.
Weak WORK,
there may be pressure after office communications software maker exceeded analysts’ expectations in terms of revenue and prospectsbut not as much as Zoom Video Communications.
Sportswear manufacturer Lululemon Athletica LULU,
reported above-forecast profit and loss.
This is a pretty calm day for the economy, as evidenced by the Bank of Canada’s interest rate decision and job vacancies in the US.
Former Vice President Joe Biden has proposed a new tax penalty for offshoring, as well as a proposal to double the minimum tax on foreign income.
Score
After the 4.1% crash for the Nasdaq Composite COMP,
and a 2.8% drop for the S&P 500, ES00 futures share,
pointed to a more optimistic start, especially for the Nasdaq-100 NQ00,
Crude oil CL.1,
futures rose and gold fell.
Yield on 10-year Treasury bonds TMUBMUSD10Y,
rose to 0.69%.
Schedule
Citi reports that the decline in social distancing in the global economy has continued for two weeks since late August. Global mobility improved to -14.4% from -16.5% and to -17.4% in the US after a two-month fluctuation of around -19%.
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Economy
What factors impact financial markets?
The global financial markets are now hugely complex, with traders and analysts around the world looking closely for signs of movement. What are some of the most important factors to be aware of that impact the financial markets?
Geopolitical events
With news breaking from different countries throughout the day, many different stories could affect the markets on any given day. For instance, economic indicators such as the European Central Bank’s inflation rates and gross domestic product numbers released by each country can determine which direction the markets take. Stocks, currencies and other financial instruments can all vary depending on these areas.
Major events such as war breaking out, natural disasters and elections also have an effect. When we look at the commodities market, climate change is an issue to bear in mind, with unusual weather sometimes causing scarcity or abundance of a certain product.
An interesting aspect of the modern financial world is the way that the different markets are linked. This means that any important event or news story that affects one area could easily affect another, even if the link isn’t obvious at first sight. We can also see how local shocks and events can quickly have an effect at a global level.
The financial crisis of 2008 is a good example, as it started with a serious downturn in the US housing market. Although this appeared to be a localized issue at first, it soon revealed some major issues with the global banking setup that caused problems around the planet affecting millions of people and diverse industries.
Speculation and investment trends
The previous factors all point toward the markets changing, and there’s no shortage of traders around the world waiting to see what happens next and how they can benefit. This means that we need to take into account other issues such as speculation and investment trends in the markets.
Armed with a variety of tools, including candlestick charts, traders try to identify trends such as support and resistance levels. They use the information they glean from the charts to make their moves, which can influence the general market if enough people make the same moves or if the amounts involved are significant.
Once an investment trend begins, it can have a knock-on effect that would have been impossible to predict at the outset. The example of Bitcoin and other cryptocurrencies shows how something that starts small can grow impressively. Cryptocurrencies have now gained enough mainstream appeal to influence and disrupt many industries, from healthcare to gaming and banking.
It’s important to understand how the leaders of a company operate and how they have faced challenges in the past. If we look at banking and the Bank of New York Mellon in particular, we can see that its history can be traced back to 1784, so it has overcome all the major events that have occurred since then. With some of the biggest names in the business world making up its key institutional investors, this is a company that we would expect to react effectively to changing markets.
Regulatory changes and company results
Just about every industry represented in the financial markets has laws and regulations that govern it. This means that the fear of harsher new laws is an almost constant threat. Meanwhile, the hope that beneficial changes to the regulations help businesses prosper is the other side of this matter that investors keep a close eye on.
Let’s not forget the role played by the profit and loss results produced by major companies. It’s clear that these results have an almost immediate effect on their stock prices. However, we should also bear in mind that this effect can reach other areas of the economy. A surprising set of results for a large business can produce shock waves that travel around the market.
What impact do they cause?
From the wide variety of examples that we’ve looked at here, it’s clear that the impact isn’t going to be the same in every case. While one set of circumstances might snowball and cause a huge impact, another might cause a limited impact before the news disappears as other events overtake it.
Having said that, one of the key issues that they cause is a higher degree of market volatility. We can see how this works by looking at an area such as the COVID-19 pandemic in 2020. The markets became a lot more volatile as the different aspects of the pandemic became clear. Streaming companies, healthcare companies and video conferencing technology firms made huge profits, while airlines and hotels were among those to lose out massively.
Working out the overall impact of a particular situation is almost impossible to do now. With so many traders looking over the latest news stories and numbers with advanced tools, the original impact can quickly grow or simply disappear. Therefore, the key for investors is to understand emerging trends and react to them before it’s too late.
These details reveal how complex the global financial market is now. It’s a fascinating world, and with more information at our fingertips than ever before, it’s something that anyone can start to research and understand in their own way.
Economy
Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners
OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.
“The Centodieci combines all the values of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.
This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.
This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.
Recall that each unit costs the owners eight million euros before taxes.
Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.
Economy
The first Dacia hybrid. “The cheapest hybrid family on the market”
BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.
The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.
The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”
Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.
Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.
Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.
Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…
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