World News – UK – European markets are rising hopes for coronavirus vaccines

LONDON â ???? European stocks rose Monday morning as hopes rose that effective coronavirus vaccines would soon be launched.

The Europe-wide Stoxx 600 won 0. 9% in early trading, oil and gas stocks bounce back 2. 5% to make profit as almost all sectors and major exchanges entered positive territory.

There is hope that several coronavirus vaccines that have been shown to be highly effective in late clinical trials could be launched in the United States. S.. . In December. Pfizer and BioNTech filed an emergency permit from the U on Friday. . S.. . Food and Drug Administration for their coronavirus vaccine.

UK pharmaceutical company AstraZeneca said Monday that an interim clinical trial analysis showed its coronavirus vaccine had an average of 70% effectiveness in protecting against the virus.

Asia Pacific stocks rose Monday as investors continue to watch the coronavirus move forward. South Korea will impose stricter distancing regulations for the greater Seoul area and the southwest region, according to Yonhap, in an effort to contain a coronavirus resurgence.

Meanwhile, the Dow Jones Industrial Average futures were higher in the early hours of Monday morning, although Covid-19 cases in the US were increasing. S.. . and abroad.

The U. . S.. . Recently, less than a week before Thanksgiving,. 000 new virus cases reported. Public health officials have warned that Thanksgiving celebrations on Thursday could further exacerbate the outbreak.

Flash Purchasing Managers’ Index (PMI) data showed that French business declined in November due to a second lockdown. The composite PMI was 39. 9, from 47. 5 in October, with the 50 mark separating expansion from contraction. Germany’s composite reading was 52. 0 of 55. 0 in October.

In terms of the performance of individual stocks, British Airways’ IAG rose 4. 5% in early trading, while German conglomerate Thyssenkrupp and Spanish fuel company Repsol both gained more than 4%. .

At the other end of the European blue chip index, Swedish investment firm Latour and German meal set company Hellofresh fell more than 3%.

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