European markets close higher as vaccine cheer persists
European stocks closed higher Wednesday, continuing to climb as hopes rise over a forthcoming coronavirus vaccine.
The pan-European Stoxx 600 closed up 1.1%, with utilities adding 2.6% to lead gains as most sectors and major bourses advanced.
European markets are following the positive momentum seen earlier this week, after Pfizer and BioNTech’s announcement that their Covid-19 vaccine was more than 90% effective in preventing the disease.
Reference: CNBC
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