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FTSE 100 nets £70bn injection as vaccine hopes spark stock market surge

FTSE 100 nets £70bn injection as vaccine hopes spark stock market surge

Business
The FTSE 100 and other global stock markets have rallied sharply on growing hopes of a coronavirus vaccine - building on gains in reaction to Joe Biden's US election victory.The FTSE hit its highest level since August after US drug firm Pfizer announced that early data from phase three trials showed its vaccine was more than 90% effective against COVID-19. It followed overnight gains in Asia, where Japan's Nikkei hit a 29-year high, after the confirmation of the US election result over the weekend which also bolstered values across Europe. :: Subscribe to Divided States on Apple podcasts, Google Podcasts, Spotify, and SpreakerThe FTSE closed 276 points or 4.7% up at 6,186 while the CAC in Paris was more than 7% higher - both coming off the boil slightly late in Monday's session. ...