Weekly Round Up
The UK FTSE100 remains relatively unchanged this week, seeing a slight improvement of 0.1% at the time of writing. The increasing positive momentum surrounding the hopes of a vaccine failed to ignite the markets above their already positive response to Pfizer and BioNTech’s announcement last week.
Although further research found up to 95% success in vulnerable ages, Covid cases continue to rise globally, failing to stimulate investor confidence by continuing to dent hopes of any early economic recovery.
Wall Street has seen a slight recovery heading into the weekend following its mid-week falls as Covid deaths passed 250,000 and jobless claims were well above estimated numbers. It has been the tech stocks that have helped lift the market from its weekly downturn, with advances by Microsoft, Apple and Alphabet as well as a 14% surge in Tesla’s share price as the electric car company was accepted into the S&P500 on Monday.
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