US Pres. Biden: Under impression there was more vaccine available than actually was

Anil Panchal FXStreet

In his latest comments over the coronavirus (COVID-19) vaccines, during a visit to the Viral Pathogenesis Laboratory, US President Joe Biden conveyed the difference between the actual availability of the vaccines versus the anticipated stock of the jabs.

The same could have been behind Moderna’s latest pact to deliver 100 million vaccine doses to the US by end of July. The move brings total vaccine commitments to 300 million.

Also on the same line are the statements from US Health Official Dr. Anthony Fauci who said that they can develop new vaccine boosters for variants if needed. The updates rolled out after the vaccine Czar conveyed more worries from the South African variant of the virus.

Good for markets…

Although Wall Street closed as soon as the US vaccine news started rolling out, market optimism can gain extra support from the latest updates. However, off in China may restrict the moves during Friday’s Asian session.

Additional comments from Biden

Vaccines due by end of june will come by end of may.

US signed contract for 100m more Pfizer, 100m Moderna vaccines provided $3 billion to 37 states to bolster vaccine centers.

Won't be enough vaccines by summer end to vaccinate all americans.

On track to surpass 100m vaccine shots in first 100 days.

Vaccine program in worse shape than we anticipated.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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