Europe jumps at close as vaccine rally continues

Dienstag, 22. Dezember 2020 17:31

Shares on major European stock markets finished Tuesday's session in the green after positive news on coronavirus vaccine development fueled investors' hopes over containing the pandemic. BioNTech Chief Executive Ugur Sahin said the company could build a vaccine to curb the newly discovered coronavirus strain in six weeks.

Meanwhile, investors await the outcome of Brexit talks between London and Brussels as EU chief Brexit negotiator Michel Barnier noted the two sides are currently in "crucial moments" in the talks and are "giving the final push" in an attempt to reach the agreement.

The DAX in Frankfurt surged 1.35% at the closing bell with HeidelbergCement soaring over 4%. The FTSE 100 0.62% led by IAG's gainst of almost 6%, while the CAC 40 strengthened 1.49% at the same. Unibail-Rodamco-Westfield was the best performer in the CAC 40, jumping nearly 4%. The euro dropped 0.48% at 5:33 pm CET, trading for $1.21726, while the pound sank 0.92% a minute later, changing hands for $1.33304.

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Breaking the News / GA