12/4/2020, 10:57 AM (Source: TeleTrader)
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Europe turns to gains on upbeat data, vaccine hopes

Major European stock market indexes moved to positive territory on Friday, after having opened the week's last session mixed.

The traders shrugged off some of the concerns over the negative impact that the COVID-19 pandemic could have on the economy and markets after the United Kingdom Medicines and Healthcare Regulatory Agency (MHRA) underlined that the study of Pfizer's vaccine was conducted in a thorough manner. Adding to the sentiment, Germany recorded a 2.9% increase in its new factory orders in October, topping the analysts' expectations.

The DAX went up by 0.36% at 10:56 am CET, while the CAC 40 advanced by 0.63% at the same time. In London, the FTSE 100 concurrently increased by 0.76%. The euro grew 0.19% versus the dollar, selling for 1.21673 at 10:59 am CET, while the pound strengthened by 0.20% compared to the greenback, to change hands at 1.34814 a minute later.

Breaking the News / BU