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Risk appetite swings positive once more on “robust” COVID vaccine results
Once more the daily see-saw of risk appetite has taken affect as sentiment picks up again. Could it be that this time drives a decisive move? The swing back to positive risk has been driven by the results of a COVID-19 vaccine by US pharma company Moderna. Results were “robust” with antibodies present in all 45 test subjects. The development of a reliable vaccine is the key to opening the door to a serious recovery for markets and traders will need to assess the implications of these results. Previous positive vaccine results have seen risk appetite peter out quickly in recent months. It is interesting to see ... (full story)