News of the emergence of several vaccines against coronavirus has led to “nirvana” in the stock markets, said an analyst at Australian brokerage company Pepperstone Group Chris Weston . His words are quoted by Bloomberg .
“The nirvana of a positive attitude to risk has descended on the capital markets, and traders can now not worry about anything and just go with the flow,” Weston said.
Another positive factor that led to the growth of quotations on the exchanges was the announcement of the future appointment of the ex-head of the Minister of Finance Federal Reserve System (FRS) Janet Yellen .
Currently, major US stock indexes are growing, and the global MSCI World index may end November with the best indicator in the history of calculations. His height is especially important because of the counting formula. It includes evenly the share prices of all participating companies, which indicates the demand for them, and not just for individual securities.
Analysts and traders expect additional measures from Yellen to help the American economy. She is believed to negotiate a new stimulus package in Congress – on top of the $ 2 trillion pledged in the spring.
Since the beginning of November, it has become known about several foreign vaccines against coronavirus that have successfully passed the advanced phases of clinical trials. Among them are the joint drug of the American Pfizer and the German BioNTech, as well as the vaccine from the American Moderna.