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10/14, 5:30 PM (Source: TeleTrader)
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Europe closes mixed amid vaccine trial halts

European equities closed mixed on Wednesday as investors digested news of two clinical trials for coronavirus treatments being halted this week. On Monday, Johnson & Johnson announced a pause to the trial of its potential COVID-19 vaccine candidate, while Eli Lilly said on Tuesday it has halted the trial of its antibody treatment for the novel virus.

As drugmakers rush to find a vaccine for treating the novel virus, infection rates in France, the Netherlands, Italy and other European countries have been on the rise.

The DAX rose 0.07%, while the CAC 40 declined 0.12%. The FTSE 100 fell 0.58% as Standard chartered and AstraZeneca led the losses. The euro was up 0.13% against the dollar at 5:40 pm CET, buying 1.17589. The pound jumped 0.70% compared to the US currency, to go for 1.30260 at the same time.

Breaking the News / JC