Shortly after midday today, London stocks were up 1.7 per cent, extending early gains. — Reuters pic
European equities accelerated gains on the news, which comes just one week after Pfizer and BioNTech sparked a stock market boom after announcing that their Covid-19 vaccine candidate had proved 90 per cent effective.In early afternoon deals in the eurozone, Frankfurt added 1.2 per cent and Paris soared 2.4 per cent, while Madrid and Milan jumped 3.9 per cent and 2.3 per cent, respectively.
World oil prices soared by more than 3.5 per cent as the Moderna news stoked hopes of a recovery in energy demand. In addition, traders cheered the signing of the world’s biggest free-trade deal by 15 Asia-Pacific countries—including Japan and China—that covers about a third of the world’s GDP.
Covid cult, the most dangerous