Daily summary: Global stocks muted with US markets closed for holiday

6:04 PM 26 November 2020
  • US markets were closed in observance of Thanksgiving Day
  • AstraZeneca (AZN.UK) reveals dosing mistake in COVID-19 vaccine trial
  • Spread of the COVID-19 still accelerates in Europe

European indices finished today's session mixed amid thinner liquidity as US traders take a day off to celebrate Thanksgiving Day. ECB's minutes showed policymakers will likely launch more stimulus in December, although the decision to change current instruments was not unanimous. Meanwhile, German government decided to extend restrictive measures imposed early this month until December 20th as COVID-19 infection numbers remained high. On the economic data front, consumer morale in Germany and France figures came in below analysts' expectations challenging the idea of a quick return to normal in the euro zone's two biggest economies. Investors also digested a dosing error in AstraZeneca's (AZN.UK) potential coronavirus vaccine. Head of the White House’s vaccine task force expressed doubts about trial data and the vaccine's 90% effectiveness as group of patients was accidentally receiving a lower dose than intended. Company will likely run an additional global trial to evaluate the efficacy of its Covid-19 vaccine.

On the coronavirus front UK reported 18.2k new cases on Wednesday and 696 deaths, its highest figure since May 5th and France reported 16.3k new Covid-19 infections on Wednesday, the third consecutive daily increase. Germany reported over 22k new Covid-19 infections on Thursday, up from 18k on Wednesday and marking the fourth consecutive daily increase. Meanwhile US reported over 181K new COVID-19 infections yesterday, the 3rd highest on record.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

US crude futures fell more than 1% to trade around $45.2 a barrel while the international benchmark Brent contract fell nearly 2% to trade around $47.7 a barrel. Elsewhere, gold futures rose slightly to $1809/oz, while silver reversed early gains to trade nearly flat around $23.3/oz amid slightly weaker dollar.

AstraZeneca (AZN.UK) stock has been trading in local sideways move. However, the price reached the support today - lower limit of consolidation range (77.67). If buyers manage to halt declines here, the upward move may be resumed. In such a scenario the nearest resistance to watch lies at 81.20 and is additionally strengthened by 200 SMA (red line). On the other hand, breaking below the aforementioned 77.67 handle may trigger a bigger downward move towards support at 71.58. Source: xStation5

Share:
Back
Xtb logo

Join over 935 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language