According to Chinese national television, a research team has found an effective drug to treat patients with coronavirus. The information is not yet 100% fully verified, but definitely risky assets are “buying the rumor”.
Minutes later, news emerged that British scientists had drastically shortened the time to find a vaccine that would be tested first on animals and then on humans. The study shortened the vaccine finding period from 2 to 3 years to 14 days only.
However, animal testing can take months.
Markets are responding positively to the news so far, we have yet to see if this will hold true.
Trader Martin Nikolov