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Travel, commodity stocks lift British shares on vaccine optimism

Published 11/23/2020, 04:43 PM
Updated 11/23/2020, 04:50 PM
© Reuters.
UK100
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AZN
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FTMC
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FTNMX502010
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FTNMX405010
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FTNMX551030
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FTNMX601010
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MRNA
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BNTX
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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* FTSE 100 up 0.3%, FTSE 250 adds 0.7%

Nov 23 (Reuters) - London stocks rose on Monday, extending
their three-week rally, as travel and commodity stocks jumped
after positive vaccine data from AstraZeneca, with hopes of a
post Brexit-trade deal with European Union, also lifting the
mood.
The blue-chip FTSE 100 index .FTSE gained 0.3%, after
drugmaker AstraZeneca Plc AZN.L said its vaccine for the novel
coronavirus, developed along with the University of Oxford,
could be around 90% effective without any serious side effects.
Energy .FTNMX0530 , mining .FTNMX1770 and aero
.FTNMX2710 were among the biggest gainers on the index.
The domestically focused mid-cap FTSE 250 .FTMC added 0.7%
with travel and leisure .FTNMX5750 stocks providing the
biggest boost.
UK markets have already jumped more than 14% this month,
after Pfizer-BioNTech PFE.N BNTX.O and Moderna 's MRNA.O
vaccines' showed similar responses in preventing COVID-19 based
on interim data from a late-stage trial, raising hopes of a
sooner-than expected recovery from the pandemic-driven
recession. Adding to the mood, British health minister said UK aims to
rollout a COVID-19 vaccine before Christmas, with life getting
back to normal after Easter.


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