European stocks closed sharply higher Thursday on positive news around a potential coronavirus vaccine and better-than-expected U.S. jobs data.
The pan-European Stoxx 600 provisionally closed about 1.9% higher, with banks jumping 4.5% to lead gains as all sectors and major bourses remained in positive territory.
European stocks tracked global markets higher, with investor sentiment getting a boost from news that a vaccine candidate being developed by Pfizer and BioNTech shows potential. An early-stage human trial of one of four potential coronavirus vaccines it™s developing showed the drug created neutralizing antibodies. The results, which were posted online, have yet to be reviewed by a medical journal.
Meggitt shares jumped more than 6% after a trading update as the British engineering company expressed hopes of a recovery in the aerospace business.
At the other end of the European blue chip index, shares of British packaging company DS Smith were down over 7% after its latest trading update.
Source: CNBC
Nikkei Japanese stocks rose, erasing early losses to eke out gains as value stocks such as financials were buoyed by Berkshire Hathaway Inc.'s bumper yen bond sale raising hopes of more investment fr...
The S&P 500 slipped for a fifth straight day on Thursday, placing the benchmark on track for its longest losing streak this year. The broad index lost 0.3%, while the Nasdaq Composite dropped 0.6...
The S&P 500 advanced on Thursday as Wall Street attempted to recover its footing amid a losing streak for the benchmark index. Investors also continued parsing the latest corporate earnings report...
The European stock markets closed mostly higher in Thursday trading as The Stoxx Europe 600 gained 0.32%, France's CAC rose 0.52%, the FTSE in London increased 0.37%, Germany's DAX was up 0.45%, while...
Stocks climbed Thursday as Wall Street attempted to recover its footing following another losing session for the S&P 500 and the Nasdaq Composite, while the corporate earnings season rolled on. T...
Nikkei Japanese stocks rose, erasing early losses to eke out gains as value stocks such as financials were buoyed by Berkshire Hathaway Inc.'s bumper yen bond sale raising hopes of more investment from the Omaha-based firm. The Topix Index rose...
The S&P 500 slipped for a fifth straight day on Thursday, placing the benchmark on track for its longest losing streak this year. The broad index lost 0.3%, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average added 58...
West Texas Intermediate (WTI) crude oil closed higher on Thursday, posting a small gain following three losing sessions that came as the geopolitical risk premium eased while rising US inventories are seen as a signal of weak demand. WTI crude oil...
Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...
Asia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend. On Tuesday, China's...
New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...
China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed...