Global stocks rally as Covid-19 vaccines lift hope, dollar eases | Malay Mail

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NEW YORK, Sept 15 — The dollar weakened and world stock markets rallied yesterday on encouraging signs of progress in developing a Covid-19 vaccine, while several multi-billion dollar deals also helped lift the spirit of investors after the downdraft in the past two weeks. Gold jumped almost 1...

Pfizer Inc and BioNTech SE on Saturday proposed expanding their Phase 3 Covid-19 vaccine trial to about 44,000 participants, while increasing the diversity of the trial population. — Reuters pic

Drugmaker AstraZeneca also said on Saturday it has resumed British clinical trials of its Covid-19 vaccine, one of the most advanced in development, after getting the green light from safety watchdogs. “There is still some caution in markets because US virus numbers appear to be picking up again in some states,” said Seema Shah, chief strategist at Principal Global Investors.

MSCI’s benchmark for global equity markets rose 1.17 per cent to 572.57. In Europe, the broad FTSEurofirst 300 index edged up 0.07 per cent to 1,429 as losses in the energy sector offset surging travel and technology stocks that were boosted by the vaccine news.

 

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