# Pfizer says it has a COVID vaccine that prevents 90% of infections — and markets are going crazy | Financial Post

> Pfizer reported its COVID-19 vaccine, developed with BioNTech, was over 90% effective in preventing infection, sending US and world equities to record highs. Crude oil jumped more than 10% on the news and improved trade expectations under Joe Biden.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50391-pfizer-says-it-has-a-covid-vaccine-that-prevents-90-of-infections-and-markets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A vaccine-driven demand recovery lifts energy prices and risk appetite, which can feed through to energy-linked feed costs and currencies. The effect on feed commodities is indirect and short-term.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDCAD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2020-11-09 | 1 | +7.5% | 4.1 | Vaccine news sent equities to records and crude up sharply, with trade expectations under Biden adding to risk-on sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2021-10-25 | [Posthaste: The loonie is soaring above forecasts and come Wednesday could fly even higher - Financial Post](https://feedsoft.ai/events/44824-posthaste-the-loonie-is-soaring-above-forecasts-and-come-wednesday-could-fly.md) | -0.9% | -9.7% |
| WTI | 2021-11-29 | [Canadian dollar rallies as air of calm returns to financial markets - The Globe and Mail](https://feedsoft.ai/events/44263-canadian-dollar-rallies-as-air-of-calm-returns-to-financial-markets-the-globe.md) | -11.3% | +1.0% |
| WTI | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +7.4% | +3.3% |
| WTI | 2018-04-30 | [Will oil prices be the trigger that wakes the inflation beast? - Financial Post](https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post.md) | +2.4% | -0.3% |
| WTI | 2017-02-02 | [No joy from the Fed: What you need to know before markets open - Financial Post](https://feedsoft.ai/events/72400-no-joy-from-the-fed-what-you-need-to-know-before-markets-open-financial-post.md) | -2.8% | -2.4% |
| BRENT | 2021-11-29 | [Canadian dollar rallies as air of calm returns to financial markets - The Globe and Mail](https://feedsoft.ai/events/44263-canadian-dollar-rallies-as-air-of-calm-returns-to-financial-markets-the-globe.md) | -3.1% | +4.8% |
| BRENT | 2023-01-10 | [OPEC pricing power limits downside risks to oil prices, Goldman says \| Financial Post](https://feedsoft.ai/events/37951-opec-pricing-power-limits-downside-risks-to-oil-prices-goldman-says-financial.md) | +6.9% | +2.8% |
| BRENT | 2018-04-30 | [Will oil prices be the trigger that wakes the inflation beast? - Financial Post](https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post.md) | -0.2% | +2.0% |

## Sources

- financialpost.com: https://financialpost.com/investing/pfizer-says-it-has-a-covid-vaccine-that-prevents-90-per-cent-of-infections-and-markets-are-going-crazy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.