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【Youth Daily】 The stock markets of the main European countries closed lower on the 12th (local time).
Development of the new coronavirus vaccine (Corona 19) continued on an upward trend and shrank after three days. On this day, the London Stock Market’s FTSE 100 Index closed at 6338.94, down 0.68% from the previous trading day’s closing price.
The DAX 30 index of the German Frankfurt Stock Exchange also fell by 1.24% to 13052.95 and the CAC 40 index of the Paris Stock Exchange also fell by 1.52% to 5362.57. The Euro Stoxx 50 index, a pan-European index, also closed trading at 3428.20, down 1.13%.
The fact that even though vaccines developed by US pharmaceutical companies Pfizer and German Bioentech showed more than 90 percent of the preventative effects, it took some time to actually roll out, AFP reported.
The Japanese bank Mizuho analyzed that “the market is re-evaluating that it will take several months to use the vaccine in large quantities in a situation where the second and third wave of crown 19 are on the rise in Europe and the United States”.
In the United States the situation has turned serious, with more than 145,000 crowns19 confirmed in one day, the Washington Post reported.
In Europe, after France, Spain and the United Kingdom, Italy was also named a country with more than 1 million crown19 cumulative confirmed cases.
【Youth Daily = Reporter Kang Jeong-wook】
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