Europe closes higher on vaccine news

Thursday, 08. October 2020 17:30

Stock markets in Europe closed in the green on Thursday after the European Commission announced another vaccine supply deal with a Johnson & Johnson subsidiary and Germany's CureVac said it expects to start the Phase 3 vaccine trial by the end of 2020. Meanwhile, the European Central Bank attributed the financial markets' resilience during the ongoing crisis to the low coronavirus death rate on the continent and the Bank of England expressed confidence in the strength of the major British banks to support the country's economy.

The DAX was 1.01% higher at 5:30 pm CET with HeidelbergCement advancing 3.90% at 5:29 pm CET. In London, the FTSE 100 increased by 0.75% at 5:29 pm CET as Rolls-Royce led the gains, skyrocketing 23.75% one minute later. The CAC 40 rose by 0.75% at 5:30 pm CET with Capgemini, its best performer, jumping 5.37% at 5:29 pm CET.

The euro was 0.10% lower against the dollar, selling for 1.17516 at 5:29 pm CET, while the pound gained 0.06% compared to the greenback, buying 1.29269 concurrently.

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Breaking the News / MS