LONDON – European stocks traded higher on Wednesday as rising political certainty in the US and news of a sensible coronavirus vaccine boosted global sentiment.
The Pan-European Stocks 600 Index traded up 1% higher with most of the positive sectors except insurance, auto, basic resources and chemicals.
News of a positive coronavirus vaccine and U.S. Global stock markets are booming due to the emerging political uncertainty in India.
Shares in Asia-Pacific rose the most on Wednesday, following a record session on Tuesday. US stock futures rose on Tuesday night following a three-day banner for the market’s main benchmark. The Dow Jones Industrial Average was up 132 points, or 0.4%. S&P 500 futures rose 0.4% and Nasdaq 100 futures rose 0.6%.
The Dow broke the 30,000 level for the first time on Tuesday, rallying more than 400 points. Tuesday’s rally gave the Dow momentum for the biggest monthly gain since 1987, up more than 13%.
Outgoing President Donald Trump soon emerged to address Donna’s broken, 000,000 for the first time at a press conference on Tuesday, but walked out a minute later without taking questions. His appearance came after his administration took a big step towards a transition to the presidency of Joe Biden.
Introducing his nominees for top national security positions on Tuesday, President-elect Joe Biden said he would “restore the United States globally, its global leadership and its moral leadership.”
Markets are also in the spotlight with more positive vaccine news earlier this week from a more specific political perspective. British pharmaceutical giant AstraZeneca said preliminary analysis showed its vaccine candidate average efficacy was 70%, adding to the positive vaccine news from Pfizer and Modern.
Revenue comes from the Mersk Group on Wednesday; No major data release.
Including us, Live Pro.O. December 2 discussion on opportunities and risks in international markets.
– CNBC’s Fred Ambert and Kevin Brenner contributed to this report.
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