Updated .. European stocks rise 2% at closing

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direct: European stock indices rose by about 2 percent at the close of trading on Wednesday, with investors’ hopes for a Corona vaccine.

Travel and entertainment shares rose by 5.9 percent, with all European sectors and exchanges in the green closed.

The European shares rally came today after Moderna stated that its potential vaccine against the epidemic produced a strong immune response.

On the other hand, record increases continue in new cases of the virus, which has infected more than 13.3 million people globally in several US states, especially in Texas, California and Florida.

Tensions between Washington and Beijing also continue to rise, as US President Donald Trump signed legislation yesterday to impose sanctions on China in response to its interference in Hong Kong’s autonomy.

Economic data revealed that UK inflation accelerated more than expected last month.

At the close, the Stoxx 600 index rose by 1.8 percent to 373.8 points.

The British “FTSE” index rose by 1.8 percent to 6292.6 points.

And the French “CAC” index increased by 2 percent to 5105.9 points, and the German “DAX” index increased by 1.8 percent to 12,930.9 points.

By 4:05 pm GMT, the euro was steady against the US dollar at $ 1.1404.







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