Business
Here’s why the ANZ (ASX:ANZ) share price is up 5% this week // Motley Fool Australia
The Australia and New Zealand Banking GrpLtd (ASX: ANZ) share price has been a strong performer this week.
Despite experiencing a couple of days of declines, the banking giant’s shares are up 5% for the week.
Why is the ANZ share price charging higher this week?
There have been a couple of catalysts for the positive performance by the ANZ share price this week.
The first is of course Monday’s news that a potential COVID-19 vaccine has performed exceptionally well in phase three trials.
The early data from Pfizer’s vaccine showed that it was 90% effective against COVID-19, which was better than even the most optimistic experts were hoping for.
This news caused an almighty rotation from large investors, who dumped COVID-winners…
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