Stocks in Israel and elsewhere around the globe surge on coronavirus vaccine hopes following successful trials.
Already up strongly on Joe Biden’s US election win, markets massively accelerate gains after Pfizer and BioNTech said their vaccine was 90 percent effective in preventing COVID-19 infections.
The two benchmark indexes on the Tel Aviv Stock Exchange are each up by over 3.5 percent on the day.
London’s benchmark FTSE 100 surges 5.5% in midday deals and in the eurozone, Frankfurt jumps 6.0%, Paris soars 7.1%, Milan wins 6.2% and Madrid 9.4%.
Dow Jones futures are up 5.4% ahead of the Wall Street open.
“Stock markets surged on some extremely positive news from Pfizer and Biontech,” says Neil Wilson, chief market analyst at Markets.com.
“The Dow is now seen up 1,300 points (at the official open). Coming on top of the wave of relief from Joe Biden’s victory, it’s proving a spicy cocktail for stocks.”
New York crude advances 8.5 percent and Brent North Sea oil was up 7.8%.
The dollar is steady versus the euro and pound — and up more than one percent against the yen.
— with AFP
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