European shares climb on vaccine hopes, mixed earnings

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European shares rebounded on Wednesday from losses in the previous session, bolstered by positive updates on a potential COVID-19 vaccine, while ...

European shares rebounded on Wednesday from losses in the previous session, bolstered by positive updates on a potential COVID-19 vaccine, while investors weighed a mixed bag of quarterly reports at the start of earnings season.

The pan-European STOXX 600 rose 0.8per cent by 0720 GMT, with travel & leisure and miners leading gains.Market sentiment got a boost after U.S. biotech firm Moderna Inc's experimental vaccine for COVID-19 showed it was safe and provoked immune responses in an ongoing early-stage study.

 

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Europe: Stocks gain on vaccine, stimulus hopes; earnings eyed[BENGALURU] European shares rose on Monday as progress on a possible Covid-19 vaccine, some upbeat earnings reports and stimulus talks fed into hopes of an economic recovery from the coronavirus-induced downturn. Read more at The Business Times.
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