European exchanges closed in green zone on coronavirus vaccine news
Europe's leading stock indices have completed trading on Tuesday in the green zone. DAX (Germany) climbed 0.51%, FTSE 100 (UK) - 1.79%, CAC 40 (France) - 1.55%. The growth driver was the positive news about Covid-19 vaccine announced earlier by Pfizer and BioNTech. As already mentioned, the protective properties of the drug they are developing have exceeded their expectations - this was revealed by the results of Phase 3 trials. The news strengthened the investors' optimism, giving hopes for the soon recovery of the world economy. Now two categories of players can be identified in the market - some are optimistic about the future, based on the news about the vaccine, while others are hesitant, AxiCorp analyst Milan Kutkovic commented on the situation in an interview with Reuters. Negative economic data was a constraint to the growth of the German index. According to ZEW research center, the index of investor confidence in the German economy fell sharply in November, amounting to 39 points. Earlier this index was equals 56.1 p.