Pfizer announces, "Our vaccine works," and world travel stocks skyrocket on the stock market
The news came to European markets mid-day as Wall Street was about to open trading in the first [...]
The news hit European markets mid-day as Wall Street was about to open trading on the first Monday post-election of the new U.S. president.
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What shook the markets, however, was not the election of Democrat Biden or the defeat of Trump, but the announcement of one of the world's leading pharmaceutical companies, Pfizer.
The company famous for inventing the blue pill has announced that data on the phase 3 trial of its Covid-19 vaccine are as hoped and that the response would be positive on 90% of the subjects tested.
Pfizer and German company BioNTech are wrapping up the last phase of testing and said they are ready to deliver the first 50 mln doses by the end of the year and 1.3 billion in 2021.
Stocks in the tourism industry needed only the announcement to turn around after months of losses and a less-than-rosy outlook.
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Incredible is the figure for cruise lines, an industry that is still totally stagnant in the United States, as in the rest of the world with the exception of Italy.
The two major U.S. companies, Royal Caribbean and Carnival, immediately posted double-digit rises.
The biggest rise was recorded by Carnival, owner of the Costa Crociere group and many other brands, which records A jump of almost 33%.
Not to be outdone Royal Caribbean, which has the 4 largest cruise ships in the world in its fleet. At the time of publishing this article, marks + 26% against the NASDQ index "only" at +4.48%.
Obviously, the aviation world is also reeling, news like this rekindles hope for a return to normalcy.
Showing the impact on the markets of the news dragging in the positive and only partially reducing losses since the beginning of the year is the chart showing today's performance of Lufthansa's stock on the Frankfurt Stock Exchange, + 20%.
As can be seen, around 1:30 p.m. the stock sputtered recovering 20% in a single day, obviously all other global airlines in the positive as well with the low-cost EasyJet closing the day by marking +35%.
The enthusiasm has also dragged down the shares of aircraft manufacturers with Airbus and Boeing stocks smiling again after months of slump, the market recovery would obviously prompt carriers to restart deliveries and orders for new aircraft.
