BREAKING: European Stock Futures Higher as Vaccine Confidence Rises

Investing.com - European stock markets are seen opening higher Monday as investors react with optimism over the continued progress towards workable coronavirus vaccines.

At 2:15 AM ET (0715 GMT), the DAX Futures contract in Germany traded 1% higher, CAC 40 futures in France climbed 0.7% and the FTSE 100 futures contract in the U.K. rose 0.8%. 

Moncef Slaoui, head of the U.S. government’s vaccine development effort, named Operation Warp Speed, announced on Sunday that the first Covid-19 vaccine doses could be handed out to key individuals as early as Dec 11.

This comes after Pfizer and German partner BioNTech, applied for U.S. Food and Drug Administration (FDA) emergency drug authorization for their Covid-19 vaccine on Friday, the same day as Moderna announced that it was close to seeking the same approval after promising news from its final-stage vaccine trial.

Additionally, it was announced earlier Monday that the Covid-19 vaccine developed by AstraZeneca, in conjunction with the University of Oxford, was up to 90% effective in preventing the Covid-19 virus if patients were given an initial half dose, followed by a full dose.

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