Bloomberg reports on the matter
The report cites people familiar with the Moderna approval process, in saying that the UK is reviewing the vaccine on an accelerated timetable and are poised to authorise it for emergency use as soon as Friday.
The market is keeping a calmer mood for the most part
EUR/USD to one-week lows
USD/JPY also eased a little after as the upside momentum stalls ahead of key technical levels.
Latest data released by Eurostat – 8 January 2021
The figure disregards people who are registered as unemployed but are no longer looking for work or aren’t available for work, so there’s that to consider alongside the furlough programs that are masking actual labour market conditions.
Nippon TV reports with the national figure
That will top the record from yesterday of 7,568 daily cases as the virus situation in Japan continues to take a turn for the worse since the new year. The prevailing conditions mark a slippery slope for Japan and if things do get worse, it could very well start
European Commission president, Ursula von der Leyen, announces
She confirms that the bloc has bought additional doses of the Pfizer vaccine, which had been rumoured already earlier in the week . While the news is encouraging, let’s see how they will go about handling the rollout and deployment after the initial hiccup.
The US non-farm payrolls report will be out tomorrow
The estimate is for a +62K reading, which is relatively on the softer side. However, the yesterday highlights some potential downside risk to the figure.
Comments by ECB hawk, Jens Weidmann
The headline comment is notable as it will be more of a heated topic later in the year if the economic recovery keeps on track. That will also start to bring into question the PEPP fulfilment by the ECB before it expires in June next year.
The dollar leads gains in European morning trade
Of note, USD/JPY is pushing to its highest levels in over a week as price touches 103.70 upon a break of its 200-hour moving average @ 103.26 earlier in the day.
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