The blue-chip FTSE 100 index finished up 0.2%, with industrial stocks and defensive plays rising as investors bet on them benefiting the most from an economic reopening once the coronavirus pandemic recedes. SAO PAULO/RIO DE JANEIRO, March 8 (Reuters) – Brazil’s government on Monday pressed Pfizer Inc for earlier delivery of COVID-19 vaccines and sought to buy more AstraZeneca shots from other countries, as a deadly second wave of cases adds urgency to a lethargic vaccine rollout.

March 9 (Reuters) – London’s FTSE 100 ended higher on Tuesday thanks to strength in industrials and other defensive sectors, although broader gains were capped by weakness in mining stocks due to a drop in metal prices. If you adored this write-up and you would certainly like to obtain more facts pertaining to ทางเข้า 1xbet kindly see the page. AMC, similarly, had gone as high as $16.50 per share before dropping to about $8 and then inching up to $9.50.  GameStop and AMC stocks at the center of a multibillion dollar drama between Wall Street investors and social media traders on Reddit have dropped dramatically Thursday.

GameStop shares jumped to a high of $483 per share early in the day, then dropped to around $246 by midday ET, only to rally minutes later to more than $300. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. March 10 (Reuters) – The U.S. President Jair Bolsonaro, who has played down the gravity of the novel coronavirus and questioned the “rush” for vaccines, took part personally in a video call with executives at Pfizer , reaching a spoken agreement to buy their vaccine.

March 8 (Reuters) – Shares of GameStop jumped more than 40% on Monday and other so-called meme stocks rallied, lifted by news from the video game retailer and expectations that investors may plow funds from coming stimulus checks into the equity market. Special purpose acquisition companies, or SPACs, are shell companies which raise funds to acquire a private entity with the aim of taking it public, allowing such companies to sidestep a traditional IPO to enter public markets.

Cohen, a major shareholder who has pushed Gametop’s move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%. “The strong start of the week can be undone, especially as the week goes on as we have U.S. inflation numbers and ECB monetary policy statement on focus, which potentially is going to cause the bond yield issue to come to the forefront once again.” “It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment,” the SEC said.

website The recent SPAC frenzy has attracted the attention of a number of mainstream celebrity figures such as rap star Jay-Z, tennis legend Serena Williams and National Basketball Association Hall of Famer Shaquille O’Neal who have either sponsored their own blank-check firms or joined the boards of other SPACs. The moves mark the spectacle of what some investors call a war between Wall Street and social media traders.

As the social media investors pushed shares of the company up, Wall Street has had to recalibrate its bets, pushing shares beyond their all-time highs.