Home » Business » Stock prices continue to rise after news of the Covid-19 vaccine and Biden’s victory

Stock prices continue to rise after news of the Covid-19 vaccine and Biden’s victory

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The London Stock Exchange index rose by 1.4%, while the Frankfurt and Paris stock exchange indices grew by 0.4% and 0.5%, respectively.

The Wall Street Dow Jones Industrial Average fell 0.08%, while the Standard & Poor’s 500 rose 0.77% and the Nasdaq Composite rose 2.01%.

“Optimism about the potential Covid-19 vaccine is still rising in the stock market, but buying sentiment has eased,” said David Maden, a market analyst at CMC Markets UK.

“European stock prices are rising again today as stocks continue to feel the explosion of Pfizer on Monday,” said Joshua Mahonie, senior market analyst at IG.

Investors also continued to pay attention to the results of the US elections.

The Dow Jones Industrial Average fell 0.08% to 29,397.63 points on Wednesday, the Standard & Poor’s 500 rose 0.77% to 3,572.66 points and the Nasdaq Composite index rose 2.01% to 11,786.43 points.

The London Stock Exchange index FTSE 100 rose 1.4% to 6382.10 points on Wednesday, the Frankfurt stock exchange index DAX 30 rose 0.4% to 13,216.18 points, while the Paris stock exchange index CAC 40 rose 0.5% to 5445 , Paragraph 21.

In the electronic trading of the New York Stock Exchange, the price of WTI crude oil increased by 0.4% on Wednesday to USD 41.53 per barrel. The price of Brent crude fell 0.4% to $ 43.88 a barrel on the London Stock Exchange.

The euro fell against the US dollar from 1.1815 to 1.1781 dollars per euro on Wednesday, the British pound against the US dollar rose from 1.3160 ​​to 1.3218 dollars per pound, and the US dollar against the Japanese yen rose from 105.30 to 105.42 yen per dollar. The euro appreciated against the pound sterling from 89.02 to 89.11 pence per euro.

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