European Stocks Higher on Hopes of Vaccine And fund

European stock markets Trading higher on Wednesday as investors are optimistic about Covid-19 vaccine with expectations that the European Union summit will lead to more stimulus.

In the European morning, the German DAX rose 0.7%, FTSE 100 in the UK rose 0.9%, while french CAC 40 rose 0.9%. Moderna’s Covid-19 vaccine, which has been clinically tested on people, has shown promising results.

Moderna had announced that the vaccine is safe and generated a “reboust” immune response in all of the 45 volunteers participating in the study.

The focus this week will be on the European Union summit and hopes for a rescue financing package that will reduce economic damage in the European Union after the pandemic. The European Central Bank meeting is also scheduled for Thursday, but it is not expected to ease policy again.