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MARKETS-EUROPE-OPEN-MARKET-STOCKS
European equities steady at open
LONDON, Nov 17, 2020 (BSS/AFP) – European stock markets held steady in opening deals on Tuesday, as dealers paused for breath following the previous day’s vaccine-driven gains.
In initial trade, London’s benchmark FTSE 100 index of major blue-chip companies was down 0.1 percent at 6,413.58 points.
In the eurozone, Frankfurt’s DAX 30 added almost 0.1 percent to stand at 13,145.27 points, while the Paris CAC 40 was flat at 5,473.04.
Markets jumped Monday after the announcement that a second Covid-19 vaccine is proving effective in trials, sparking fresh hope of a return to normality.
Moderna said its experimental vaccine was shown to be 94.5 percent effective according to early trial results. That followed an announcement last week by Pfizer and BioNTech that their vaccine was 90 percent effective.
BSS/AFP/MSY/1425 hrs