Europe opens mostly higher on vaccine hopes

Tuesday, 28. July 2020 09:02

Equities on major European stock markets opened mostly in the green on Tuesday after Pfizer Inc. and BioNTech revealed that late-stage human trials of their coronavirus vaccine candidate started yesterday, adding that they would seek regulatory approval in October if the tests show that the vaccine is effective against the virus. Meanwhile, the European Central Bank advised euro area banks to extend the suspension of dividend payments and share buybacks until 2021.

The DAX added 0.38% at 9:01 am CET as Wirecard AG led the gains, rising by 2.65% at 9:03 CET. London's FTSE 100 was 0.19% up at 9:00 am CET with BT Group gaining 1.76% at 9:04 am CET. The CAC 40 lost 0.19% at 9:00 am CET as LVMH dropped 3.84% at 9:02 am CET.

The euro was 0.14% lower compared to the dollar at 9:06 am CET, trading at 1.17331. The British pound declined by 0.10% against the American currency, going for 1.28689 concurrently.

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Breaking the News / MS