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Global Markets: Vaccine euphoria keeps stocks cruising higher – Reuters

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NEW YORK (Reuters) – The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.

The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., November 10, 2020. REUTERS/Carlo Allegri

The blue-chip Dow, buoyed by industrial shares, gained ground and crude oil prices extended the previous session’s surge as investors bet on a demand rebound.

Pfizer Inc PFE.N announced on Monday that its COVID-19 vaccine candidate, developed with German partner BioNTech 22UAy.DE, showed in trials it had a 90% success rate in preventing infection.

The development led to investors taking profits from market-leading tech stocks that have thrived amid the pandemic recession, a sell-off which pulled the tech-heavy Nasdaq deep into red territory.

“Equity markets in the U.S. have experienced the start of a significant rotation following the vaccine announcement,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “It’s been a dramatic change and it’s all in anticipation of returning to some form of economic normalcy once the vaccine has been distributed to the broad population.”

“The caveat is there’s a second wave to the virus that’s infecting a record number of people,” Ghriskey added. “But at least for now the markets are willing to look through that economic pain to better days ahead once the virus has been eradicated.”

Uncertainties from Washington still simmer in the background as President Donald Trump continued to press for investigations of election fraud following his defeat by Democrat challenger Joe Biden.

“The circus going on in DC which is causing concern about a smooth transition of administrations in the months ahead,” Ghriskey said. “The flames coming out of Washington are unrelenting and constant.”

The Dow Jones Industrial Average .DJI rose 262.95 points, or 0.9%, to 29,420.92, the S&P 500 .SPX lost 4.97 points, or 0.14%, to 3,545.53 and the Nasdaq Composite .IXIC dropped 159.93 points, or 1.37%, to 11,553.86.

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European shares extended their gains on lingering vaccine optimism and news that EU negotiators have agreed on a budget, a crucial step toward activating the bloc’s 1.8 trillion euro recovery package.

The pan-European STOXX 600 index rose 0.90% and MSCI’s gauge of stocks across the globe .MIWD00000PUS %.

Emerging market stocks lost 1.16%. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.69% lower, while Japan’s Nikkei .N225 rose 0.26%.

U.S. Treasury yields inched lower on Tuesday in choppy trading, consolidating the previous session’s gains due to economic optimism in the wake of positive news on a potential coronavirus vaccine.

Benchmark 10-year notes US10YT=RR last rose 1/32 in price to yield 0.9561%, from 0.958% late on Monday.

The 30-year bond US30YT=RR last rose 7/32 in price to yield 1.7408%, from 1.751% late on Monday.

Oil prices extended Monday’s surge, which gave the commodity its biggest daily percentage gain in five months, as views of a possible medical solution to the pandemic outweighed sagging demand from new lockdowns to contain the virus.

U.S. crude rose 2.66% to settle at $41.36 per barrel, while Brent settled at $43.61 per barrel, up 2.85% on the day.

The dollar held its ground against a basket of currencies and the yen hovered near three-week lows as the forex markets absorbed Monday’s big moves due to vaccine developments.

The dollar index rose 0.08%, with the euro down 0.05% to $1.1807.

The Japanese yen strengthened 0.08% versus the greenback at 105.30 per dollar, while Sterling was last trading at $1.3249, up 0.65% on the day.

Gold regained some ground lost in Monday’s plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.

Spot gold added 0.6% to $1,873.53 an ounce.

Reporting by Stephen Culp; additional reporting by Marc Jones; Editing by Tom Brown

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Ontario removes one COVID-19 case from Ottawa total Wednesday – CTV Edmonton

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OTTAWA —
Ottawa Public Health says five more people have tested positive for COVID-19 but the health unit removed 12 cases from its pandemic total after it was found those individuals did not live in Ottawa.

Cases are sometimes removed from totals for a particular health unit when investigations reveal the individual or individuals who tested positive live in another health region.

“On Aug. 3, 2021, some cases were removed from the OPH dashboard because it was determined that the individuals did not live within the city of Ottawa,” Ottawa Public Health said in a statement. “As such, OPH’s cumulative case count has decreased since the previous report.”

A previous version of this article reported an increase of three new cases and the removal of 10, based on changes in daily figures for total cases by age category. Ottawa Public Health later told CTV News Ottawa the correct figures in terms of daily new cases and cases removed via data correction was five new cases and 12 cases removed. The overall change to the pandemic total remains the same.

The correction brings the total number of confirmed COVID-19 cases in Ottawa down to 27,821, seven fewer than what was reported Tuesday. Eight of the cases removed from Ottawa’s total were considered resolved. The number of confirmed active cases in Ottawa rose by one.

Hospitals and ICUs in Ottawa remain free of COVID-19 patients and there are zero active COVID-19 outbreaks in the city.

Across the province, Public Health Ontario said 139 more people have tested positive for COVID-19 and 11 more Ontarians have died, while noting that seven deaths are from 2020 and were added following a data cleanup. Another 155 cases are now considered resolved.

Two new cases were reported in the Hastings Prince Edward Public Health region on Wednesday. No other eastern Ontario public health unit reported new COVID-19 infections.

OTTAWA’S KEY COVID-19 STATISTICS

Ottawa is now in Step 3 of Ontario’s Roadmap to Reopen plan.

Ottawa Public Health data:

  • COVID-19 cases per 100,000 (July 27 to Aug. 2): 3.8 (down from 4.0)
  • Positivity rate in Ottawa (July 28 to Aug.3): 0.5 per cent (unchanged from July 23-29)
  • Reproduction number (seven day average): 0.95 (down from 1.16)

Reproduction values greater than 1 indicate the virus is spreading and each case infects more than one contact. If it is less than 1, it means spread is slowing.

COVID-19 VACCINES IN OTTAWA

Ottawa Public Health updates vaccine numbers on Mondays, Wednesdays and Fridays. 

As of Monday:

  • Ottawa residents with 1 dose (12+): 768,618 (+1,266)
  • Ottawa residents with 2 doses (12+): 668,736(+6,771)
  • Share of population 12 and older with at least one dose: 83 per cent
  • Share of population 12 and older fully vaccinated: 72 per cent
  • Total doses received in Ottawa*: 1,333,790

**Total doses received does not include doses shipped to pharmacies and primary care clinics, but statistics on Ottawa residents with one or two doses includes anyone with an Ottawa postal code who was vaccinated anywhere in Ontario. 

ACTIVE CASES OF COVID-19 IN OTTAWA

There are 43 active cases of COVID-19 in Ottawa on Wednesday, up from 42 on Tuesday.

Ottawa Public Health removed eight resolved cases from its pandemic total on Wednesday. The total number of resolved cases of coronavirus in Ottawa is 27,185. The eight cases were removed upon investigations revealing these individuals did not live in Ottawa.

The number of active cases is the number of total laboratory-confirmed cases of COVID-19 minus the numbers of resolved cases and deaths. A case is considered resolved 14 days after known symptom onset or positive test result.

HOSPITALIZATIONS IN OTTAWA

Ottawa Public Health is reporting zero COVID-19 patients in local hospitals and zero in intensive care.

Local ICUs have been COVID-19 free for more than a month.

These data are based on figures from Ottawa Public Health’s COVID-19 dashboard, which refer to residents of Ottawa and do not include patient transfers from other regions.

COVID-19 CASES IN OTTAWA BY AGE CATEGORY

  • 0-9 years old: Three new cases (2,307 total cases)
  • 10-19 years-old: Zero new cases (3,586 total cases)
  • 20-29 years-old: Three cases removed from total (6,243 total cases)
  • 30-39 years-old: Three cases removed from total (4,251 total cases)
  • 40-49 years-old: One case removed from total (3,662 total cases)
  • 50-59 years-old: Two cases removed from total (3,332 total cases)
  • 60-69-years-old: One case removed from total (1,964 total cases)
  • 70-79 years-old: Zero new cases (1,097 total cases)
  • 80-89 years-old: Zero new cases (856 total cases)
  • 90+ years old: Zero new cases (520 total cases)
  • Unknown: Zero new cases (3 cases total)  

VARIANTS OF CONCERN

Ottawa Public Health data*:

  • Total Alpha (B.1.1.7) cases: 6,834 (-1)
  • Total Beta (B.1.351) cases: 406
  • Total Gamma (P.1) cases: 35 
  • Total Delta (B.1.617.2) cases: 52 (+1)
  • Percent of new cases with variant/mutation in last 30 days: 40 per cent
  • Total variants of concern/mutation cases: 9,154 (+1)
  • Deaths linked to variants/mutations: 101

*OPH notes that that VOC and mutation trends must be treated with caution due to the varying time required to complete VOC testing and/or genomic analysis following the initial positive test for SARS-CoV-2. Test results may be completed in batches and data corrections or updates can result in changes to case counts that may differ from past reports.

COVID-19 TESTING IN OTTAWA

Ottawa Public Health says 525 Ottawa residents were tested for COVID-19 on Tuesday. The daily positivity rate was 0.95 per cent.

The weekly average positivity rate for Ottawa residents for the week of July 28 to Aug. 3 is 0.5 per cent.

CASES OF COVID-19 AROUND THE REGION

  • Eastern Ontario Health Unit: Zero new cases
  • Hastings Prince Edward Public Health: Two new cases
  • Kingston, Frontenac, Lennox & Addington Public Health: Zero new cases
  • Leeds, Grenville & Lanark District Health Unit: Zero new cases
  • Renfrew County and District Health Unit: Zero new cases

Correction:

A previous version of this article reported an increase of three new cases and the removal of 10, based on changes in daily figures for total cases by age category. Ottawa Public Health later told CTV News Ottawa the correct figures in terms of daily new cases and cases removed via data correction was five new cases and 12 cases removed. The overall change to the pandemic total remains the same.

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Feds say 82000-plus doses of AstraZeneca vaccine to be sent to Trinidad and Tobago – CP24 Toronto's Breaking News

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OTTAWA – The federal government has announced it will send more than 82,000 doses of the Oxford AstraZeneca COVID-19 vaccine to Trinidad and Tobago.

International Development Minister Karina Gould said in a release Wednesday that Trinidad and Tobago was selected to receive the excess doses that had already arrived in Canada based on need and the country’s capacity to deploy them immediately.

Gould said the doses will be delivered in the coming days and the Government of Trinidad and Tobago will manage the administration of the vaccines in accordance with manufacturing guidelines and public health best practices.

Last month, the federal government said it would donate nearly 18 million doses of the Oxford-AstraZeneca vaccine to poorer countries.

At the time, Procurement Minister Anita Anand said after talking to the provinces, the federal government determined these vaccine doses were excess supply, as demand for the AstraZeneca vaccine had been met.

She said Canada would donate 17.7 million doses that were supposed to flow into Canada from the United States through an advance purchase agreement with AstraZeneca and that they would be made available to lower-income countries through the global vaccine-sharing alliance COVAX.

In her statement Wednesday, Gould said vaccinating the world against COVID-19 continues to be the best strategy to end the pandemic.

“By redirecting excess doses we do not need here in Canada, we are supporting global efforts to fight this virus, and ensuring vaccines get to those in need,” she said. “Canadians know that no one is safe until everyone is safe.”

At the G7 meeting in June, Prime Minister Justin Trudeau pledged that Canada would give back at least 13 million doses it was set to receive through a contract with COVAX, on top of millions of dollars already set aside for the global vaccine effort.

Global Affairs Canada said Trinidad and Tobago is a key partner for Canada, with more than 100,000 Canadians with connections to the country, and many thousands of Trinbagonians with connections to Canada.

This report by The Canadian Press was first published Aug. 4, 2021

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Pfizer Vaccine Could Get Final FDA Approval by September – NBC News

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