Markets, oil soar on virus vaccine, Biden hopes ...Qatar

Gulf Times - News
Markets, oil soar on virus vaccine, Biden hopes
source : Gulf Times ( Qatar ) () 8
Global financial markets soared Monday as news of a successful coronavirus vaccine trial and Joe Biden’s US election victory bolstered investor confidence, sending New York to record highs. Already up strongly on Biden’s victory, markets massively accelerated gains after Pfizer and its German partner BioNTech said a Phase 3 trial showed that their vaccine was 90% effective in preventing Covid-19 infections. “Pfizer’s Covid-19 vaccine news has acted like a shot of adrenaline for the markets, triggering one of the biggest single day movements in global equities for a long time,” said Russ Mould, investment director at AJ Bell. “A successful vaccine has greater significance than Joe Biden winn

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