Risk sentiment on thinning ice

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Asian stocks are mixed while US and European equity futures are slightly lower, as risk appetite attempts to overcome concerns over the efficacy of AstraZeneca’s Covid-19 vaccine. Investor confidence had been shaken after learning about the manufacturing error in the drugmaker’s vaccine trials, prompting Thursday declines in European equities, Oil prices, and even Bitcoin.

Since the US elections, traders had been pricing in a picture-perfect post-vaccine world. The positive developments surrounding the three leading vaccine candidates formed a metaphorical three-legged stool, on which risk… Read More:

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