BFJ Research

Trending News Headline

Airbnb Airbnb woos investors with return to profit ahead of IPO
Goldman Goldman investment bank co-head Gregg Lemkau quits to run Dell fund
Berkshire Buffett pulls back on banks and bets on drugmakers
Citi Citi strategists said vaccine rollout success could prompt 20% drop in dollar in 2021
Moderna Moderna’s Covid jab shows 94.5% efficacy in clinical trials
Fixed Income
US Bond The yield on 10-year Treasuries rose one basis point to 0.91%.
USD Biden warns ‘more may die’ if Trump refuses to co-ordinate on Covid; Fed vice-chair signals possible changes to central bank’s bond-buying programme; US adds more than 1m cases in a single week
GBP UK to order 5m doses of Moderna vaccine; UK health secretary highlights role for mass testing in Christmas plans; England’s post-lockdown restrictions might have to be stricter than the previous three-tier system, a senior public health official has signalled.
EUR EU hopeful of reaching deal soon for Moderna vaccine
CNY China’s retail sales rose at their fastest rate this year in October. But the Asia-Pacific region is at a crossroads as countries report fresh outbreaks of Covid-19
Gold Gold was steady at $1,889.53 an ounce.
WTI West Texas Intermediate crude rose 0.2% to $41.42 a barrel.
COVID-19 Global Pandemic Latest
Region Confirmed Cases New Cases Recovered
Global 55,308,920 +477,182 38,410,851
U.S. 11,523,583 +147,675 7,011,626

Charts to Watch

Chart 1. Global equity market boosted by Moderna Covid vaccine data

Chart 2. Investors back Moderna over Pfizer

Daily Directional and Trending Screen