Markets rose on Monday.
The S&P 500 rose 1.2 percent, the STOXX Europe 600 surged 4.0 percent and the Nikkei 225 jumped 2.1 percent.
US crude oil surged 8.5 percent and Brent rose 7.5 percent.
Markets were buoyed by news that Pfizer and BioNTech reported that their COVID-19 vaccine was more than 90 percent effective in preventing the disease among those without evidence of prior infection.
Paul Craig, portfolio manager at Quilter Investors, said the news marked a “first major step back to normality”.
Indeed, it will be much-needed, as the COVID-19 pandemic rages across the US, which reported more than 770,000 new cases in the week ended 10 November, up 34 percent over the previous seven days.
No comments:
Post a Comment