It’s a shortened holiday week with US Thanksgiving on Thursday and a shortened trading day on Black Friday. Volume usually dries up during this week, but this is not a normal year with the coronavirus reducing holiday travel.
US coronavirus cases are now over 12.25M and approaching 257K deaths. Coronavirus vaccine progress continues to be positive. AstraZeneca announced their Covid-19 vaccine candidate is 90% effective.
Separately, the FDA gave emergency use authorization for Regeneron Pharmaceuticals’ (REGN) Covid-19 cocktail of antibody treatment of their intravenous infusion drugs casirivimab and imdevimab to people with the coronavirus over the age of 12. This is the same cocktail given to President Trump when he was hospitalized for Covid-19.
In vaccine distribution news, the chief scientific advisor the US Operation Warp Speed said some Americans will start receiving the vaccine in mid-December.
Earnings include URBN and WMG.
The economic calendar includes Chicago Fed @ 8:30am ET and Flash PMIs @ 9:45am ET.
Volatility continues to shrink.
No Size bias as Size trading was almost non-existent during Globex.