European stocks close 4% higher as global markets rally on vaccine news
European stocks closed sharply higher on Monday as markets around the world made gains following Joe Biden’s projected election win and positive vaccine news from Pfizer.
The pan-European Stoxx 600 closed up by 4% provisionally, with banking stocks surging more than 12% to lead gains as all sectors except healthcare, and all major bourses, traded in positive territory. The oil, insurance, media and travel sectors also saw strong gains.
Reference: CNBC
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