A monster market-mover of an announcement from Pfizer on the Twitter!
Interestingly the positive data could've been made available in October, but Pfizer was evidently keen to wait until the election result was down pat before releasing their positive news.
Novavax's vaccine has also been granted fast track designation, so the news is coming thick and fast today.
Russia also claimed that it's Sputnik V vaccine is 90 per cent effective.
That'll all doubtless be sickening to read for outgoing President Trump - enough to turn his blood orange perhaps? - but it's huge news for financial markets.
Stocks off like a frog in a sock
The US Russell is immediately limit up, Dow futures are up 6 per cent, and look set to open at a record high of above 30,000....
The EuroStox 50 index is up 7 per cent (Eurozone bank stocks are up by a walloping 14 per cent), while the FTSE going bananas (up 5 per cent), and crude is up 10 per cent.
At last, a good day for value, with cyclicals up 5 to 10 per cent.
Zoom shares are down 13 per cent pre-market, and gold is down 3 per cent.
Let's hope for more good news on this front!
