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Europe: Upbeat business activity, vaccine hopes lift shares

  • 📰 BusinessTimes
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

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[BENGALURU] European shares closed higher on Wednesday on upbeat regional business activity data, rising hopes of a Brexit trade deal and the possible roll-out of a Covid-19 vaccine on the continent before the new year. Read more at The Business Times.

But hopes for an end to the pandemic buoyed sentiment, as a European Commission official said the EU could give final approval for the Pfizer-BioNTech Covid-19 vaccine as early as Dec 23. The bloc's medical regulator has moved forward its meeting following approvals in Britain and the United States.

London's FTSE 100 weathered a higher pound to rise 0.9 per cent and break a three session losing run.

 

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