The SgxNifty Future is trading at 12,969.00 up with +0.09% percent or +11.75 point. The Nikkei 225 Future is trading at 25,578.00 with a loss of -0.47% percent or -122.00 point.The Hang Seng Future is trading at 26,413.50 with a loss of -0.53% percent or -141.50 point.
TODAY’S FACTORS AND EVENTS
Airlines are scrambling to prepare ultra-cold shipping and storage facilities to transport COVID-19 vaccines developed by Pfizer and Moderna, whose doses, which require deep freezing, are likely to be among the first to be distributed. A recent survey by an air cargo association and a drug shippers’ group found only 15 percent of industry participants felt ready to transport goods near the minus 70 degrees Celsius (-94°F) required by the Pfizer Inc vaccine, while around 60% could meet Moderna Inc’s less stringent -20°C requirement.
Typically, airlines use containers with cooling materials such as dry ice to transport pharmaceutical products, but some don’t have temperature controls, making products susceptible to unforeseen events such as flight delays.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 29,438.42 with a loss of –percent or -344.93 point. The S&P 500 is trading at 3,567.79 with a loss of – percent or -41.74 point. The Nasdaq Composite is trading at 11,801.60 with a loss of – percent or –97.74 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 25,609.19 with a loss of –percent or –118.95 point. Hong Kong’s Hang Seng is trading at 26,406.09 with a loss of –percent or ?138.20 point. China’s Shanghai Composite is trading at 3,353.66 with + percent or +6.36 point. India’s BSE Sensex is trading at 44,200.72 up with +percent or +20.67 point at 12:15 PM.