Significant price increase in European stocks New Corona vaccine announcement favorable November 10 4:32
The European stock market on the 9th rose sharply in favor of the provisional results of clinical trials of the new coronavirus vaccine announced by American pharmaceutical giant Pfizer, and the Paris market rose by more than 7%. ..
The European stock market began on the 9th of the week with stock prices rising as former Vice President Joe Biden declared victory in the US presidential election, reducing uncertainty about the future.
Later, during the transaction time, Pfizer of the United States announced the provisional result that the clinical result of the vaccine under development was "more than 90% preventive effect", raising expectations for normalization of economic activity. Buy orders have expanded further.
As a result, the stock indexes of major markets rose about 7.5% in the Paris market compared to the previous day's closing price, the highest since March, and ▼ about 4.9% in the Frankfurt market in Germany, ▼ Prices have risen by about 4.6% in the London market.
Market officials said, "Pfizer's announcement of vaccines has helped investors as former Vice President Joe Biden declared victory in the US presidential election and expectations for stronger relations with Europe increased. For the time being, the movement to take risks may continue. "