Euphoria in Paris, Frankfurt, London, Tokyo. Global financial centers waltzed on the second day Tuesday in hopes of progress towards a possible coronavirus vaccine that could allow the world to return to normal life.
Only Shanghai resisted the trend, closing lower. Japan’s Nikkei 225 benchmark is trading at a 29-year high with stocks driven by Joe Biden’s victory in the US presidential election. News about possible progress on a COVID-19 vaccine has pushed prices even higher.
Investors were enthusiastic after Pfizer Inc. said Monday that the first data on a vaccine in development suggests that it may be 90% effective in preventing covid-19, although that does not mean its release. is imminent.
This offers a silver lining that the market has not hesitated to take advantage of, ”Tai Hui of J.P. Morgan Asset Management said in a report. In early trading, the FTSE 100 in London rose 0.6% to 6,222.92 while the DAX in Frankfurt added 0.2% to 13,119.63. The CAC 40 de Paris gained 0.2% to 5,352.98. On Wall Street, the benchmark S&P 500 rose another 0.3% and the Dow Jones Industrial Average gained 0.1%.