AstraZeneca-Oxford vaccine candidate shows average efficacy of 70.4% in pooled analysis of interim data. This confirmed in peer-reviewed data.
In China, nearly 86% of payments are now digital, occurring mostly via mobile phones. The whole transaction happens with a click of a button, a fingerprint scan, or even using facial recognition. The digital Yuan is not a cryptocurrency, instead it is issued and managed by the Chinese central bank just like its fiat currency.
China’s Early Adopters
Still in its early stages and trials, the digital currency has one reason to exist, to create a cashless future. The difference between the digital currency and current electronic payments is that this currency will be directly transferred in or out of your electronic banking wallet, unlike the traditional e-banking system where an individual’s funds get deducted from his/her account value. On another note, a digital currency does not need to have paper banknotes to back up its true “theoretical” value, however a digital Yuan will be virtually created.
Economic Impact (more…)
This is basically a “heads up” by the US FDA as to what to expect in the next two days when the advisory panel announces their decision. Rightfully, this should already be baked into the market but the headline could still cause the algos to get a bit jumpy for a moment.
The jump in the expectations component is what stands out in the report here as ZEW notes that the announcement of imminent vaccine approvals has made market experts more confident about the future outlook.
Real cash earnings -0.2% y/y
The headline spending numbers are a bit softer than hoped for but this is the first y/y rise in 13 months.
