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Has Wall Street, the hope of a vaccine injects a good dose of optimism

The New York stock Exchange has ended in a very sharp rise on Monday, driven by the encouraging preliminary results of clinical trials on a vaccine against the coronavirus, and by a feeling positive on the economic outlook.

read also : The hopes of a vaccine against the Covid-19 are flying off Purses

the index feature, the Dow Jones Industrial Average, climbed 3.87 percent to 24.597,37 points. This is its highest increase in percentage on a session since the beginning of April. The Nasdaq, in high coloring technology, appreciated by 2.44% to 9.234,83 points. The S&P 500, which represents 500 largest companies of Wall Street, took up 3.15% to 2.953,91 points.

The american laboratory Moderna, funded by the us government, has informed on Monday of "data interim positive" of the initial phase of clinical trials of its proposed vaccine mRNA-1273. This last seemed to elicit an immune response in eight persons, to whom it was administered, of the same magnitude as what we observe among those who have been naturally contaminated with the virus, according to a press release from the laboratory. The full results of this phase 1 trial are not yet known and large-scale tests are planned in July. The american president Donald Trump, however, has not been slow to congratulate himself on the results "drugs" and looked forward to their positive impact on the financial markets.

The boss of the Fed, always careful

Has Wall Street, the action of Moderna is surging nearly 20%. On the economic front, the boss of the federal Reserve board, Jerome Powell, has continued to be cautious about while considering of a return to growth in the United States over the medium term or the long term. In an interview aired Sunday on CBS, Powell felt that the current crisis had "fundamental differences" with the Great Depression, recalling that, contrary to 1929, all the indicators were in the green for the u.s. economy prior to the pandemic.

"The news about a possible vaccine, are at the origin of the sharp rise in the stock market Monday, summarizes Peter Cardillo Spartan Capital Securities, "but Mr. Powell also deserves to be credited for its prospects are moderately optimistic". On the bond market, the rate on 10-year us debt was rising, moving on to 0,7208% against 0,6428% Friday night.

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