Europe surges at close fueled by vaccine hopes

Montag, 09. November 2020 17:30

Equities on major stock markets in Europe jumped at the closing bell on Monday with investors' optimism over containing the coronavirus pandemic increasing on fresh vaccine news.

A vaccine built by Pfizer Inc. and BioNTech SE proved effective on 90% of third phase trial participants, the two companies said in a statement. Following the announcement, Europan Parliament's lawmaker Peter Liese stressed that the European Commission and Pfizer got close to sealing a deal on vaccine supply to help the bloc's fight against the pandemic.

The DAX in Frankfurt soared 5.18%, marking the highest level at close since September 14, as MTU Aero Engines gained over 16%. The CAC 40 surged 7.59% to end the session with Unibail-Rodamco-Westfield climbing nearly 24%, while the FTSE 100 jumped 4.86% concurrently as Rolls-Royce Holdings skyrocketed over 46%. The euro slipped 0.54% against the dollar, trading for 1.18148 at 5:28 pm CET, while the pound lost 0.14% to go for $1.31338 at the same time.

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