GLOBAL MARKETS: Markets crunch time
Optimism that vaccines are on the way to end the coronavirus pandemic has been a major factor in this year’s US stock resurgence
24 September 2020 - 05:00
Optimism that vaccines are on the way to end the coronavirus pandemic has been a major factor in this year’s US stock resurgence. That will face a critical test in coming weeks, as investors await clinical data on whether they actually work. A UBS analysis found that about 40% of the market’s gains since May can be pegged to hopes for vaccines to protect against Covid-19.
Reuters..
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