{"id":107054,"date":"2020-12-04T17:41:51","date_gmt":"2020-12-04T17:41:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107054"},"modified":"2020-12-06T23:41:07","modified_gmt":"2020-12-06T23:41:07","slug":"104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\/","title":{"rendered":"EU Stoxx 50 Index Vaccine Developments, ECB Policy Easing"},"content":{"rendered":"<ul>\n<li><strong>Mixed trading in the Asian session as investors digested vaccine developments.<\/strong><\/li>\n<li><strong>Reduced vaccine production could drag on European stock markets.<\/strong><\/li>\n<li><strong>EU Stoxx 50 could pullback as\u00a0 price tests key resistance.<\/strong><\/li>\n<\/ul>\n<p><strong>Asia Trade Recap<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Trade was mixed in\u00a0 the Asian session as investors mulled over\u00a0 vaccine developments and looked ahead to the release\u00a0 of the US non-farm payrolls report.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Australia\u2019s ASX 200 index rallied0.28% following October retail sales figures which rose for the first time in 3 months.Japan\u2019s Nikkei 225 slipped 0.22% lower.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In FX markets, the risk-sensitive AUD and NZD headed lower versus the safe haven USD and JPY, while the commodity-linked NOK largely outperformed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Looking ahead, US non-farm payrolls for November will be in focus.<\/span><\/p>\n<p><strong>Vaccine News May Weigh on European Equities<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">After hitting a multi-month low in November, European stock markets have surged lifted by positive vaccine news and the prospect of additional monetary easing by the European Central Bank.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, reports that Pfizer will scale back its coronavirus vaccine production targets on logistical difficulties could drag on sentiment and demand for stocks in the near term.<\/span><\/p>\n<p><strong>ECB Monetary Policy Easing to Limit Downside<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Expectations of additional\u00a0 monetary easing could cap the downside for regional risk assets.The minutes from the latest ECB meeting pointed to the ECB easing in December.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The central bank is expected to expand its 1.35 trillion Pandemic Emergency Purchase Program (PEPP) and offer new long-term loans to banks through Targeted Longer-Term Refinancing Operations (TLTROs).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whilst a rate cut is unlikely, the prospect of additional easing may underpin European equity prices ahead of the ECB\u2019s monetary policy meeting on December 10.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mixed trading in the Asian session as investors digested vaccine developments. Reduced vaccine production could drag on European stock markets. EU Stoxx 50 could pullback as\u00a0 price tests key resistance. Asia Trade Recap Trade was mixed in\u00a0 the Asian session as investors mulled over\u00a0 vaccine developments and looked ahead to the release\u00a0 of the US [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":100068,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380],"tags":[],"class_list":["post-107054","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Stoxx 50 Index Vaccine Developments, ECB Policy Easing - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"EU Stoxx 50 Index Vaccine Developments, ECB Policy Easing\",\"datePublished\":\"2020-12-04T17:41:51+00:00\",\"dateModified\":\"2020-12-06T23:41:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/\"},\"wordCount\":273,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/australia-covid-19.jpg\",\"articleSection\":[\"EUR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104975-eu-stoxx-50-index-vaccine-developments-ecb-policy-easing\\\/\",\"name\":\"EU Stoxx 50 Index Vaccine Developments, ECB Policy Easing - 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