Pfizer with the announcement
This was very a lot anticipated already as Eamonn highlighted earlier within the day right here. After the passing of security information on Wednesday, the most recent transfer right here was anticipated.
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The response to the most recent improvement above is comparatively gentle however it sees 10-year Treasury yields maintain on the highs for the day, up 1.eight bps to 0.847%. European equities are additionally holding firmer nonetheless and the greenback is dropping some floor on the session.
I do not count on the knee-jerk response right here to be an enormous one, all issues thought of. Nonetheless, simply be aware of the important thing ranges at play for the greenback which are nonetheless intact and with S&P 500 futures close to flat ranges, be careful for the three,600 degree.
On the latter particularly, get above that and we might see danger swing again closely in favour of consumers forward of the weekend.