[뉴욕증시 마감] Dow’s best in 5 days is renewed again… thanks to vaccines and stimulus measures, Santa Rally continues at the end of the year

On the 30th (local time), the three indexes of the New York Stock Market continued to rise at the end of the year. As the Santa Rally continued at the end of the year thanks to additional economic stimulus measures from the United States and the approval of the UK government to launch the AstraZeneca vaccine, the Dow index again broke the highest price in five days.

On this day, on the New York Stock Exchange (NYSE), the Dow index closed at 33,409.56, up 73.89p (0.24%) from the previous year. The S&P 500 index increased 5p (0.13%) to 3732.04, while the technology stock-oriented NASDAQ index increased 19.78p (0.15%) to 12,870, respectively.

On this day, the market rose mainly on sensitive stocks such as energy and capital goods. At the end of the year, the market was supported by inflow of purchases to temporarily improve the management performance of institutional investors. Construction and machinery owners Caterpillar, credit card companies Visa, and Disney rose, while Microsoft and Apple were relatively weak.

The most important factor that stimulated investor sentiment on this day was the news of the UK government’s approval of a new Corona 19 vaccine.

On the 30th, the British Ministry of Health and Welfare (NHS) decided to approve emergency death of the vaccine’AZD1222′ developed by AstraZeneca and Oxford University. Earlier, on the 26th, the British newspaper Telegraph reported that approval of the vaccine was imminent in the UK, and there were no official announcements for more than three days, raising doubts.

As a result, the UK has entered the process of distributing the AstraZeneca vaccine, and the UK government plans to promote a large-scale vaccination project targeting 2 million people a week using two types of vaccines from Pfizer and Bioentech and AstraZeneca from the 4th of next month. to be.

With the UK government’s decision to approve the release, it is expected that the vaccine will be accepted in European countries such as Germany and Latin America and Asia regions such as Brazil and India sooner or later.

Although the final infection prevention effectiveness rate of the vaccine has not been specifically released, AstraZeneca previously revealed that it has confirmed 95% efficacy comparable to the vaccine released by Pfizer and Modena through additional clinical trials. In particular, the AstraZeneca vaccine is expected to become a’game changer’ for large-scale vaccination due to its low price of around $4 and the advantage of being able to distribute and store at room temperature.

Accordingly, the market is expecting a rapid economic recovery next year following large-scale vaccine distribution.

Brian Demin, portfolio manager of Janus Henderson said, “The economy will show a strong rebound next year in the face of this year’s Corona 19 crisis and the US-China trade war in 2019. So far, the leading sector of the economy has been limited to the digital economy. As a result, consumers are expected to return to the real economy again through the supply of vaccines, and a broad recovery is expected.”

The expectation for the implementation of the US government’s fifth fiscal stimulus plan worth $892 billion was also a factor that continued the strong stock market.

Finance Minister Stephen Manusin said that the cash payment plan for disaster assistance worth $600 per person had begun the night before. While stimulus measures have not been officially in effect, the intention is to increase personal consumption, which is the backbone of the US economy, through early procedures.

Meanwhile, at the request of President Donald Trump, the US Congress is pushing for an additional bill to increase the amount of cash payments to $2,000 per capita, but the outlook is uncertain.

The Democratic Party passed a bill containing the plan in the House of Representatives, but it is unclear whether the Senate will vote within the year.

Republican Senate Representative Mitch McConnell rejected the Democratic Party’s request for expedited processing of the bill the day before, and issued a bill to increase cash payments, a bill to restrict immunity from social network service (SNS) companies, and a bill to establish a committee to discuss the issue of unfair election It is known that they are pushing ahead with a plan to deal with it.

However, as it is unlikely that the Democratic Party will agree on other matters other than the increase in cash payments, it can be interpreted that they have actually expressed their opposition to the increase.

As the third epidemic in the United States continues, mutant viruses emerge, and strengthened regional blockades are expected, an increase in subsidies is necessary to maintain the economic recovery, but the observation that in the end it will be introduced only after President-elect Joe Biden takes office. Do.

Volatility has quieted down. The Chicago Options Exchange (CBOE) Volatility Index (VIX) fell 1.86% to 22.65.

Stock markets in major European countries mostly closed lower. Even though it is the last trading day in 2020, it is because of the fear of the spread of the variant Corona 18 virus’B.1.1.7′ reported by the UK.

The UK London Stock Exchange’s FTSE100 index fell 0.71% from the closing price on the previous trading day to 6555.82, and the French Paris Stock Exchange’s CAC40 index fell 0.22% to 5599.41.

The DAX index of the German Frankfurt stock market, which reached a record high the previous day, closed the market at 13,718.78, down 0.31% from the last trade in 2020, and the euro Stoxx50 index, a pan-European index, also recorded 3571.59, down 0.27% from the previous day.

Even on that day, 50,000 new confirmed cases came out in the UK even though the four-stage blockade was being implemented, the most powerful so far. This is because of the COVID-19 mutation, which has a greater spreading power than the original virus.

European countries are considering further strengthening the current containment measures.

France is considering implementing a third blockade, and Germany, the largest economy in Europe, is gaining momentum in the continuation of the’full blockade’, which expires at the beginning of the year. On this day, the number of Corona 19 deaths in Germany recorded 1129, the highest ever.

International oil prices rose on the back of a decline in crude oil stocks in the United States, and the dollar continued to weaken in the aftermath of additional stimulus measures from the United States, bringing the international gold price to near $1900 per ounce.

West Texas crude oil (WTI) for delivery in February next year on the New York Commercial Exchange (NYMEX) closed at $48.40, up 0.8% ($0.40) per barrel from the previous day. The February Brent crude on the London ICE Futures Exchange is trading at $51.39, up 0.6% ($0.30) per barrel at 2:40pm.

According to the American Petroleum Institute (API), US crude oil stocks fell 4.8 million barrels last week, exceeding market forecasts. Anticipation for the implementation of additional fiscal stimulus measures in the US also contributed to oil prices.

On the same day, on the New York Merchandise Exchange, gold for February delivery closed at $1893.40, up 0.6% per ounce ($10.5) from the previous day.