Europe jumps at close amid new vaccine hopes

Dienstag, 26. Mai 2020 17:32

European indexes ended higher on Tuesday as European Council President Charles Michel warned against COVID-19 vaccine development becoming a competition. Meanwhile, Merck announced it is working on a coronavirus vaccine with IAVI and Novavax revealed it was prepared to start human vaccine testing. Aviation stocks led most of the day's gains with optimism increasing as borders started slowly reopening to travel after worldwide lockdowns.

The FTSE 100 finished 1.25% higher as most of its top performers came from aviation. Germany's DAX jumped 1% at the end of the trading day, with Deutsche Bank and Lufthansa surging 8.75% and 6.83%, respectively. In Paris, the CAC 40 surged 1.46%. Accor gained 11.05%.

The euro jumped 0.83% against the dollar to go fo 1.09853 at 5:24 pm CET.

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Autor:
Breaking the News / VP