Johnson & Johnson Covid-19 Vaccine Trial Halted
Pharmaceutical and consumer products giant Johnson & Johnson announced it was temporarily halting its Covid-19 vaccine trial after a participant developed an unexplained illness. Global stock markets fell on the news as this is now the second time a coronavirus vaccine front-runner has paused a trial.
Concerns are mounting that the 'race' for a vaccine has compromised safety and due diligence standards. Trial processes which usually take years to complete are being compressed into just a few months as companies race to be the first provider of a Covid-19 vaccine. It was only last month that AstraZeneca temporarily stopped its coronavirus vaccine trial after a participant fell ill.
Currently, there are still a variety of different trials taking place all over the world. They include:
These are all in late-stage trials. Pfizer has already stated they could have something as soon as this month. This may mitigate any weakness the stock market presents on any obstacles towards a vaccine.
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How to trade the Dow Jones 30 index with Admiral Markets UK Ltd
If you are feeling bullish or bearish on the price of the Dow Jones 30 stock market index, you can speculate on its price direction using CFDs. To get started, follow these five simple steps:
- Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
- Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
- Type in Dow Jones, or another instrument, at the bottom of the Market Watch search box and then drag the symbol onto the chart.
- Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
- Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.
Source: Admiral Markets MetaTrader 5 Web, DJI30, Monthly - Data range: Oct 1, 2006, to Oct 13, 2020, performed on October 13, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results.
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