Europe rises in premarket as COVID vaccine hopes climb

Monday, 10. August 2020 07:35

Equities on major European stock markets gained in premarket trade on Monday with investors' hopes over building the coronavirus vaccine increased. China's coronavirus vaccine candidate, which is being developed by CanSino Biologics, will soon enter Phase 3 testing in Saudi Arabia, the country's Health Ministry revealed.

Meanwhile, investors await Sentix Investor Confidence data report that is set to be released during the session.

The DAX added 0.66% at 7:34 am CET, while the FTSE 100 in London went up by 0.64% at the same time. The CAC 40 in Paris jumped by 0.67%.

The euro traded 0.07% higher against the dollar, going for 1.17932 at 7:34 CET.

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