European stocks fell on Wednesday after experts began to question the reliability of data from potentially promising trials of a coronavirus vaccine.
Report from the highly respected Stat News suggested that Moderna, based in Massachusetts (MRNA) had not published enough information about its vaccine candidate to justify the optimism that had stimulated the markets in recent days. “data-reactid =” 24 “> A highly respected Stat News report suggested that Massachusetts-based Moderna (MRNA) had not released enough information about its candidate vaccine to justify the optimism that had supported the markets in recent days.
^ STOXX) decreased by more than 0.6%. London FTSE 100 (^ FTSE) decreased by 0.5%. “data-reactid =” 25 “> The pan-European STOXX 600 index (^ STOXX) fell by more than 0.6%. The London FTSE 100 (^ FTSE) fell by 0.5%.
^ GDAXI) fell by around 0.6%, while the French CAC 40 (^ FCHI) was 1% in the red. “data-reactid =” 26 “> The German DAX (^ GDAXI) was down about 0.6%, while the CAC 40 (^ FCHI) in France was 1% in the red.
Moderna’s shares surged after announcing on Monday May 18 that eight participants who had received doses of the candidate vaccine had developed antibodies, suggesting that this had triggered some level of immunity.
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But Tuesday’s May 19 report in Stat News said that “critical information” was hidden and that “speed reading” should be interpreted with caution.
“Unwilling to learn from past mistakes, markets have been too enthusiastic about Morderna’s COVID-19 vaccine, only for Dow Jones’ optimism to be somewhat blown out on Tuesday night,” said Connor Campbell, financial analyst at the Spreadex trading platform.
“The fall in the Dow had repercussions on the European session, contributing to the bursting of the losses observed after the bell,” he said.
The lower opening in Europe followed a joint negotiation session in Asia.
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^ SSEC) fell more than 0.5% on Wednesday and the Hang Seng (^ HSI), down 0.1% in Hong Kong at the close of the market. “data-reactid =” 34 “> The Chinese SSE Composite Index (^ SSEC) fell more than 0.5% on Wednesday and the Hang Seng (^ HSI) fell 0.1% in Hong Kong at the close. of the market.
^ N225) closed nearly 0.8% in the green, while the KOSPI composite index (^ KOSPI) in South Korea increased by more than 0.4%. ASX 200 Australian (^ AXJO) increased by more than 0.2%. “data-reactid =” 35 “> The Japanese Nikkei (^ N225) closed almost 0.8% in the green, while the KOSPI (^ KOSPI) composite index in South Korea rose by more than 0, Australia’s ASX 200 (^ AXJO) rose more than 0.2%.
On Wednesday, the outlook indicated a higher opening for US stocks.
ES = F), Dow Jones Industrial Average futures (YM = F) and Nasdaq futures contracts (NQ = F) were all up more than 0.4%. “data-reactid =” 37 “> S&P 500 Futures (ES = F), Dow Jones Industrial Average futures (YM = F) and Nasdaq futures (NQ = F) were all up by more than 0.4%.