Futures mixed as Vaccine euphoria fades   


Nov 10 (Lagos) - The Dow Jones Industrial Average rose over 5.7% in mid day trade yesterday in New York after Pfizer announced its Covid-19 vaccine showed a 90% success rate. 


Work from home stocks like zoom, docusign, wix.com and Fiverr  declined sharply as their need seemed less important suddenly as analysts expected the world to start opening up very soon. 


This morning the mood has sobered up a bit with Dow Jones futures lower by 0.56% and NASDAQ futures down 0.76% in New York. However S&p500 futures are up 1.34% at the time of writing this article. 


In Asia, Japan's NEKKEI is up by 0.23% while the Shanghai composite is slightly lower in afternoon trade. India's SENSEX is up by 1% after PM Narendra Modi's party took a strong lead in state elections of Bihar, one of the country's most populated states with 105 million people and a very important state in terms of delivering a verdict on some of the key decisions made by the government since it won in a landslide election in May 2019.


Crude oil futures declined 1.4% and below th $40 mark again in New York. 


We can expect a follow through to yesterdays strong rally at the Nigerian Stock Exchange when the market opens today. Stocks like DANGCEM , WAPCO along with banks like ZENITHBANK , ACCESS and GUARANTY looking strong here for a follow through before we see profit taking. 




reporting for easykobo.com on Tuesday, Nov 10 2020 from Lagos, Nigeria
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