World shares resilient, drugmakers hit by Biden’s move on vaccines By Reuters – Investing.com
- Date: 06-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
World shares resilient, drugmakers hit by Biden’s move on vaccines By Reuters – Investing.com
By Hideyuki Sano
TOKYO (Reuters) - World shares and commodity prices held firm on Thursday as investors switched to cyclicals amid hopes of a strong economic recovery, but drugmakers' shares came under pressure after Washington backed waiving patents for COVID-19 vaccines.
MSCI's broadest gauge of world stocks, ACWI, was up slightly and European stocks are expected to open flat with both Euro Stoxx futures and futures little changed.
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