FTSE 100 jumps as Pfizer and BioNTech report coronavirus vaccine is 90% effective
Global stocks have surged after the drug companies Pfizer and BioNTech announced that their coronavirus vaccine was 90% effective in tests, giving hope that economies around the world can soon return to normal.
The FTSE 100 soared on Monday by 5.5% to 6,242 points, up 332 points, its highest since mid-August. Most of the increase happened immediately after the vaccine announcement was first reported just before midday in London.
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