Stocks, oil prices soar on Pfizer coronavirus vaccine hope

LONDON: European stock markets and oil prices rocketed Monday on coronavirus vaccine hopes following successful trials.

Already up strongly on Joe Biden’s US election win, markets massively accelerated gains after Pfizer and BioNTech said their vaccine was 90 percent effective in preventing Covid-19 infections.

London’s benchmark FTSE 100 surged 5.5 percent in midday deals.

In the eurozone, Frankfurt jumped 6.0 percent, Paris soared 7.1 percent, Milan won 6.2 percent and Madrid 9.4 percent.