The british medical journal the lancet on monday. The university is working on the vaccine with pharmacaceutical company astrazeneca. Researchers say antibody levels in 127 participants peaked after four weeks and rememained elevad afteter eight weeks. They also confirmed neutralizing antibodies in more than 90 of 35 participapants after one dos. But around 70 of the participants reported headaches and fatigue. Researchers suggest the vaccine has no serious negative effects and are planning further clinical trials. The World Health Organization says it is encouraged by the progress. We do welcome the study and congratulate our colleagues at the Oxford Universitys institute and the oxford vaccine group. Ryan added there are significant production challenges to ensure people around the world have access to the possible vaccine. Meanwhile, japans Health Ministry has set up a new team to coordinate talks with groups developing coronavirus vaccines. The Health Minister revealed on monday th
Humanity struggles with a covert 19 and then nick. A warning from the World Health Organization if you get corona virus once youre not necessarily protected from getting it again the u. N. Agency says theres no end of evidence people whove recovered from the virus have antibodies or immunity from a 2nd infection its urging against issuing socalled immunity passports theyre essentially certificates given to people whove recovered from covert 19 theres concern that by issuing them the risk of the virus spreading could increase chile has announced its going to be the 1st country to hand out these certificates so people can return to work other countries are looking at antibody tests to help chart a way out of lockdowns how to guess at a vigil is a spokesman for the World Health Organization he told us immunity passports wont be a possibility until the virus is better understood or a vaccine is developed. Well we do certainly understand the intention of trying to see who can go safely back
Humanity struggles with the covert 19 pandemic. Involved as ever the World Health Organization is warning that contract in corona virus may not protect people from getting it again its a critical consideration for countries around the world looking at antibody tests as a justification for lifting lockdowns and restrictions now the u. N. Agency says theres no evidence people whove recovered from the virus have antibodies all and munity from a 2nd infection and its urging against issuing socalled immunity passports theyre essentially certificates given to people whove recovered from covert 19 theres concern that by issuing them the risk of the virus spreading could increase chile has announced that it will be the 1st country to hand out these certificates so people can return to work but other countries are looking at antibody tests to help chart a way out of the lock downs terek said of it is a spokesman for the World Health Organization who told us immunity passports wont be a possibil
Meaning less demand for oil. Meanwhile similar story in bond market, yield on 10year treasury below 4 tenths of a percent overnight. Now we are staying right under and it is down 28 basis points. Again, another indication of a recession at hand. The 30year following 1 for the first time in history. The 30year bond, the yield there at. 883 . Thats down 40 basis points this morning. Global markets reacting to all of this this morning in the stock market. Deep selloff in europe. The cac quarante down 335 points. That is 6 and a half percent and dax index in germany lower by 672. Overnight in asia across the board. Chinese experts tumbled in the month of january, more signs of trouble in japan as well. First quarter gdp lower in japan showing the economy contracted 7. 1 from the previous quarter. Thats a sharp contraction in japan. This on top of the Coronavirus Crisis, cases in the United States and abroad are growing. The white house looking into emergency measures. Overseas italy report
Also cut supply again by 1700000 Barrels Per Day though any decision made was obviously take time to implement so where do you think this equilibrium is at and have we reached a bottom or is this still more room to fall for oil prices. Its possible that theres more room to fall if opec and plus russia doesnt actually end up coming through with those supply cuts if they dont then you could see oil fall further and if oil falls through the 50 1. 00 to 55. 00 area i think in the near term youre going to see a lot of traders get on short and take that lower but i think that will be short lived i think ultimately the risk is really more to the upside than the downside and so there are actually traders out there you know running supertankers in. A facility space in south korea to the tune of millions of barrels of oil that theyre storing on bets that oil will eventually rise and i believe that theyre right. Are we still looking at a chance that chinese Oil Storage Capacity could actually run