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* 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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Travel, commodity stocks lift British shares on vaccine optimism
Published 23/11/2020, 09:43
Travel, commodity stocks lift British shares on vaccine optimism
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