DAX soars 750 pts on vaccine optimism

Monday, 09. November 2020 13:10

The DAX soared over 750 points on Monday after Pfizer Inc. and BioNTech SE announced that the results of the first interim efficacy analysis conducted during the third phase trials of their coronavirus vaccine candidate have shown it was 90% effective in preventing the infection.

The DAX rocketed by 6.06%, or 753 points, at 1:16 pm CET, pulled up by MTU Aero Engines AG's 16.44% jump.

Meanwhile, the FTSE 100 gained 5.32% at 1:20 pm CET, while the CAC 40 in Paris surged 6.93% at 1:23 pm CET.

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