• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

European Markets Fall As Moderna Boss Says Vaccine Less Effective Against Omicron

Nov 30, 2021

European Markets Fall As Moderna Boss Says Vaccine Less Effective Against Omicron

European stocks tumbled in negative territory on Tuesday, canceling small gains earlier in the week, as increased concerns over the Omicron coronavirus strain could undermine the economic recovery.

The FTSE 100 (FTSE) dipped 0.3% in the afternoon trading in London, rebounding from larger losses during the day, while the French CAC (FCHI) lost 0.1% and the DAX (GDAXI) lost roughly 0.2% in Germany.

The decline occurred as Stephane Bancel, the CEO of pharmaceutical Moderna (MRNA), told the Financial Times that COVID-19 vaccines are probably won't be as successful against the Omicron strain as they have been against the Delta version.

The Chief executive of the pharma firm thinks that there will be a material drop. It's unclear exactly how much, because more information is needed. But all the scientists say that nothing good will come of it.

This mood differs from that of Pfizer (PFE) and BioNTech (BNTX), which believe that any novel vaccine might be updated very fast. The University of Oxford stated on Tuesday that there was no indication that vaccines would not protect from a severe course of the omicron disease, but that it was prepared to quickly create an upgraded version of its vaccine created with AstraZeneca (AZN.L) if needed.

As senior investment and markets analyst at Hargreaves Lansdown Susannah Streeter said, It's unclear how much less successful they may be, and the waiting game continues as scientists hurry to evaluate the new version, but fear is rising in this period of uncertainty.

Investors are concerned about Omicron's impact on the market, which risks lowering demand and becoming a big disaster for the global economy. Energy equities and banks are one of the largest losers.

Energy and banking equities have fallen the most as investors are concerned about Omicron’s impact on the market because the new strain risks reducing demand and becoming a big disaster for the global economy.

It also occurred as Eurozone inflation hit a new high of 4.9% this month, pushed by rising energy prices.

This was the highest level since the eurozone's inception in1999, putting additional pressure on the European Central Bank to react before its session next month on December 16th.

After the bell in New York, the S&P 500 (GSPC) sank 0.6% and the tech-heavy Nasdaq (IXIC) dipped 0.1%. The Dow Jones Industrial Average (DJI) opened 0.8% lower. Shares of travel and energy companies suffered losses, as investors worried that new limitations would reduce demand.

It followed a strong session on Monday for Wall Street, which reacted enthusiastically to information from US President Joe Biden that future lockdowns as a result of the strain were not on the table for the moment.

Consumer confidence in the United States fell in November, owing to fears about growing living costs and the pandemic.

The Conference Board's consumer sentiment index fell to 109.5 this month from 111.6 in October, stronger than forecast. This was the lowest level since February.

Consumers' confidence expectations declined to 87.6 from 89.0 during the same time, as the introduction of the new variation raised additional concerns.

Asian markets tumbled late in Tuesday's trading, shedding early gains as investors feared the Omicron strain will be resistant to vaccinations, causing significant economic damage.

In Japan, the Nikkei (N225) finished the day 1.6% down, reversing the whole 1.2% profit it had gained before in the session.

The Hong Kong Hang Seng Index (HSI) dipped 1.6%, while the Shanghai Composite Index (000001.SS) finished flat, as productivity in China's services sector rose at a somewhat slower rate in November.

Official statistics released on Tuesday revealed that the industry was harmed by further lockdown restrictions imposed by the government as they tried to manage the current outbreak.

At the same time, Hong Kong has expanded its restriction on non-residents from several African nations, including Angola, Ethiopia, Nigeria, and Zambia. For residents of these countries, entry is prohibited from 30 November.

Non-residents who have visited Austria, Australia, Belgium, Canada, Czech Republic, Denmark, Germany, Israel, and Italy within the last 21 days will be barred from entering the city beginning December 2.

Subscribe Our Newsletter

New Features are Available for X Open Hub
New Features are Available for X Open Hub

X Open Hub has released a new version of its X Open Hub Insider. Additional deposit options and features, as well as optimizations and five new languages, are among the new additions.

Companies
Alibaba Stock Is Rising. The E-Commerce Giant Shook Up Management
Alibaba Stock Is Rising. The E-Commerce Giant Shook Up Management

Alibaba Group Holding's stock climbed on Monday after it was announced that the Chinese internet giant will be losing a long-time senior executive and that the leadership of its commerce team would be shaken up.

Companies
Oliver

Blockchain for Business. Pros & Cons
We wouldn't exaggerate if we said that blockchain technology ranks among the most praised technologies of today.

discover
What Are the Advantages of Paying with Bitcoin?

Liquidity Provider

What Are the Advantages of Paying with Bitcoin?

The fact why bitcoin is becoming more popular is due to the many advantages that this mode of payment offers. Within this section, we will discuss the benefits of using crypto as a form of payment in addition to why you should consider accepting payments in the future using this manner.

Crypto Payments

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Milena

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/26.05-800x540.jpg

    Tamta

    What is Data Analytics? Techniques, Tools, Methodology, and More

    https://liquidity-provider.com/app/uploads/2023/05/cover-6-800x540.jpg

    Tamta

    Bitcoin Halving is Coming: What Does it Mean for the Crypto Market?

    https://liquidity-provider.com/app/uploads/2023/05/cover-4-800x540.jpg

    Tamta

    Crypto Token Supply From A to Z

    https://liquidity-provider.com/app/uploads/2023/05/cover-3-800x540.jpg

    Tamta

    What Is ChatGPT, And How Can You Use It?

    https://liquidity-provider.com/app/uploads/2023/05/cover-2-800x540.jpg

    Anton

    Trading on Autopilot: The Rise of Crypto Trading Bots

    https://liquidity-provider.com/app/uploads/2023/05/cover-1-800x540.jpg

    Tamta

    Crypto Investing vs. Crypto Trading: What’s The Difference?

    https://liquidity-provider.com/app/uploads/2023/04/cover-5-800x540.jpg

    Tamta

    Understanding Indexed Universal Life Insurance (IUL)

    https://liquidity-provider.com/app/uploads/2023/04/cover-4-800x540.jpg

    Tamta

    Best Investment Strategies For Beginners

    https://liquidity-provider.com/app/uploads/2023/04/image1-800x540.jpg

    Tamta

    Understanding Perpetual Futures: How Do They Work?

    https://liquidity-provider.com/app/uploads/2023/04/cover-3-800x540.jpg

    Tamta

    What Is A Bitcoin Stock-To-Flow Model? Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/04/cover-2-800x540.jpg

    Tamta

    Best Decentralized Crypto Exchanges In 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-1-800x540.jpg

    Tatma

    Best High-Yield Savings Accounts For March 2023

    https://liquidity-provider.com/app/uploads/2023/04/cover-800x540.jpg

    Tamta

    Crypto Trading For Beginners

    https://liquidity-provider.com/app/uploads/2023/03/cover-8-800x540.jpg

    Tamta

    How To Make Money With Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-7-800x540.jpg

    Tamta

    What Is A Candlestick Chart?

    https://liquidity-provider.com/app/uploads/2023/03/cover-6-800x540.jpg

    Constantine

    White Label Forex Software — Ultimate Guide on How to Choose The Best Industry Solution

    https://liquidity-provider.com/app/uploads/2023/03/cover-3-300x203.jpg

    Tamta

    Forex Trading: A Beginner’s Guide

    https://liquidity-provider.com/app/uploads/2023/03/cover-2-300x203.jpg

    Tamta

    How to Create a Cryptocurrency

    https://liquidity-provider.com/app/uploads/2023/03/cover-1-1-300x203.jpg

    Tamta

    Top Ten Richest People In The World, 2023

    https://liquidity-provider.com/app/uploads/2023/03/cover-4-1-300x203.jpg

    Constantine

    What’s at Stake? Here’s How to Avoid Scam Tokens

    https://liquidity-provider.com/app/uploads/2023/03/cover-5-300x203.jpg

    Constantine

    Investing in Currencies That Are More Valuable Than the American Dollar

    https://liquidity-provider.com/app/uploads/2023/02/cover-2-300x203.jpg

    Alexander

    5 Best Forex CRM Solutions for 2023

    https://liquidity-provider.com/app/uploads/2023/02/cover-300x203.jpg

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-800x540.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy