Positive vaccine news helping risk

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Stocks are mixed this morning after the very volatile trading day in the US yesterday, with equities ending mostly higher. Developments in bond yields continue to dominate risk appetite and also sector rotation which my colleague, Hussein, highlighted earlier today. Cyclical stocks outperformed defensives and value made its eighth straight day outperforming growth.

The US FDA released its report on the Johnson & Johnson single-shot vaccine and found it “safe and effective”. Interestingly, the vaccine has also been tested in Brazil and South Africa where other strains are dominating and… Read More:

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