- Global stock markets surge after Pfizer Covid vaccine news
- Nils Pratley: ‘A great day for humanity’ – and not bad for markets
The FTSE 100 posted its biggest one-day gain since March on Monday after the drug companies Pfizer and BioNTech said their prospective coronavirus vaccine was 90% effective.
The news jolted global stock market indices to record levels but it also highlighted the stark divergences in fortunes across sectors during the pandemic. Those companies who gained from people spending their work and leisure time at home were among the biggest losers on Monday, while the vaccine news offered some welcome relief to previously hard-hit sectors such as travel and events.