Skip to main content

Redwood Capital Management Limited: Stocks jumps up due to news of potential Coronavirus Treatment

The news about the positive outcome of the coronavirus vaccine treatment from Gilead Sciences and the upcoming vaccine from BioNTech has boosted today’s market trading.

According to Gilead, “[Remdesivir] was associated with an improvement in clinical recovery and a 62 percent reduction in the risk of mortality compared with standard of care.” With this statement, GiLead shares jump up by 2%.
BioNTech on the other side also stated that the company’s coronavirus vaccine might be ready for approbation by December which made their shares jump up by 4.75% leading S&P 500 gain a few points higher.

Here are the main movements on Stock Market this Friday;

Stocks
– The Nasdaq Composite advanced yet again, grabbing another record high for the fourth time this week with 0.66% to 10,617.44.
– The Dow Jones Industrial Average increased 369.21 points or 1.44% closing its price to 26,075.30.
– The S&P 500 gained 1.05% closed to 3,185.04 on today’s trading day.

Bonds Globally
– The yield on the benchmark of 10-year Treasury note changes a few points at 0.599%.
– The yield on the 30-year Treasury bond dipped about 2 basis points to 1.283%.
– The yield on the 2-year Treasuries is down by 6 basis points to 0.149%.
– Germany’s 10-year yield declined one basis point to -0.47%.
– Britain’s 10-year yield declined one basis point to 0.15%.

Commodities
– Gold quite fell a few points losing -0.26% to $1,798.72 an ounce.
– West Texas Intermediate crude advanced with 2.35% higher to $40.55 per barrel.
– Brent crude also increased around 2.10% higher to $43.24 a barrel.

Currencies Globally
– U.S. Dollar Currency Index rallying at 0.05% higher to $96.56 per share.
– The Japanese yen strengthened 0.3% to 106.93 per dollar.
– The euro rose 0.1% to $1.1301.
– The British pound rose 0.2% to $1.2629.

For now you may browse more on Redwood Capital Management Limited so you may see what we can offer for your financial needs.
For more information, visit: https://redwoodcapitalmanagementltd.com/

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.