Pfizer and BioNTech’s Covid-19 vaccine announcement lifts airline shares

THE announcement that Pfizer and BioNTech’s experimental Covid-19 vaccine was more than 90% effective lifts European banks and airline shares.

The news that Pfizer and BioNTech’s Covid-19 vaccine is over 90% effective has brought ‘incredible relief’ to the financial markets with shares in European banks and in the travel and leisure industries surging about 10% on Monday, November 9.

Europe’s banking index made its biggest jump since the European sovereign debt crisis in 2011 and gained a whopping 10.9%, with European airlines, who have been hit incredibly hard by the restrictions imposed due to the pandemic, making high double-digit gains, such as BA owner IAG, which rose close to 40%.

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Written by

Matthew Roscoe

Originally from the UK, Matthew is based on the Costa Blanca and is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]

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