ASX set to soar on virus breakthrough; S&P, Dow surge



  • ASX futures are up 2.1% and point to huge gains on the back of encouraging coronavirus vaccine news
  • Pfizer says early data for its experimental COVID-19 vaccine suggests the shots may be 90% effective 
  • The S&P 500 rose 1.2% overnight and closed just shy of a record, while the Dow jumped 3%. The tech-heavy Nasdaq slipped 1.5% 
  • Gold dropped 4.4% to below $US1900 an ounce, Brent crude jumped 7.5% and US oil 8.4%, while Iron ore rose 0.7% to $US117.80 per tonne

Latest updates

Good morning

Good morning! And welcome to what looks like being a huge day for investors.

Global markets are surging on positive news about a potential oronavirus vaccine from Pfizer.

Alex Druce and Lucy Battersby will guide you through today’s ups and downs.

This blog is not intended as financial advice

Most Viewed in Business

Source: Thanks