SMM: on November 9, US pharmaceutical giant Pfizer (Pfizer) said on its website that BNT162b2, a candidate vaccine for mRNA novel coronavirus developed by Pfizer in cooperation with German biotech company (BioNTech), has proved to be more than 90 per cent effective in participants who have not been infected with novel coronavirus, the effect is better than expected, and far higher than the 50 per cent required by the US Food and Drug Administration ((FDA)).
It is also reported that Pfizer plans to submit emergency use licenses to the US FDA in the third week of November, and expects to produce 50 million doses of vaccine by 2020 and as many as 1.3 billion doses by 2021.
Affected by this news, the performance of the three major US stock indexes varies, while the performance of crude oil, gold and other markets also shows a trend of differentiation.
In terms of US stocks, all three major stock indexes hit an all-time high, but in the end, the Dow rose 834.57 points, or 2.95%, its biggest one-day gain since June 5, while the Nasdaq fell 181.45 points, or 1.53%, to 11713.78. The S & P 500 index closed at 3550.50, up 41.06 points, or 1.17%.
Due to Pfizer's latest vaccine research data, American Airlines, United Continental Airlines, Delta Airlines, JetBlue Airlines, Southwest Airlines and other airline stocks generally rose.
Affected by the progress of vaccine research and development, home economy and home office concept stocks were sold off, while NETFlix, Zoom, Peloton, Etsy and Roku fell.
Pfizer closed 7.7% higher; shares of BioNTech (BNTX), a German biotech company, also soared.
European stocks rose sharply on Monday on the news, with Europe's pan-European performance index up 3.93 per cent, the UK's FTSE 100th up 4.9 per cent, Germany's DAX up 5.2 per cent, France's CAC up 7.6 per cent and Spain's IBEX up 8.4 per cent.
Us bond yields soared and crude oil futures soared after Pfizer released vaccine trial data, but gold fell sharply under pressure, which suffered its biggest one-day fall in seven years on Monday.
Us Oil closed up 8.5%.
(WTI), West Texas Intermediate for December delivery on the New York Mercantile Exchange, rose $3.15, or 8.5%, to close at $40.29 a barrel.
In terms of the most active contracts, WTI crude oil futures posted their biggest one-day percentage gain since mid-January and the highest closing price since October 22, according to FactSet data.
Gold futures prices tumbled 5%, the biggest daily decline in seven years.
Gold futures for December delivery fell $97.30, or about 5%, to close at $1854.40 an ounce on the New York Mercantile Exchange. Gold futures on Monday suffered their biggest one-day percentage decline since 2013, based on the most active contracts, according to Dow Jones market data.
Meanwhile, silver futures fell $1.96, or 7.6%, to close at $23.701 an ounce.
So if the vaccine hits the ground all over the world, what impact should it have on the Chinese market?
China International Capital Corporation (62.50 + 9.44%, diagnosis unit) Wang Hanfeng believes that the recovery deepens the transaction further.
CICC pointed out that the increased probability of vaccine landing will further deepen expectations of growth and recovery, especially in areas, industries and sectors that have been damaged by the epidemic.
The vaccine has gradually landed on a global scale, and although it has both positive and negative effects on different fields, it may still have a positive impact on China as a whole, specifically affecting China in five ways:
1) it may further help to restore China's external demand;
2) gradually landing will reduce the export of China's epidemic prevention substances;
3) as a result of the recovery of global production, some of the orders transferred to China may gradually return;
4) it can make China's foreign business contacts resume more quickly;
5) further recovery of offline contact activities and demand in China.
In addition, with regard to the specific bullish and negative plates, Wang Hanfeng pointed out that
Lido contact activities and industries, such as crude oil, aviation, hotels, tourism, offline retail (such as department stores, catering), etc.; the recovery of aviation and transportation will support the gradual recovery of crude oil demand, Lido crude oil; and the resumption of economic activities, will benefit more upstream raw materials.
Temporary negative online activities such as online education, online office, home services, medicine and equipment related to epidemic prevention, etc.
In addition, from the perspective of large categories of assets, vaccine landing, bullish stocks, bearish and safe assets, such as interest rate debt, gold and so on. From a regional point of view, markets such as Macao and Hong Kong, which are deeply affected by the epidemic, will benefit significantly, while Hong Kong's local retail, hotel, catering, and so on, will be more profitable. For A-shares, China takes the lead in epidemic prevention and control, and the marginal profit of vaccine landing on A-shares is relatively small, but it will also benefit from the improvement in global demand.
