European markets close higher on positive results from coronavirus vaccine; Ubi Banca up 14% – CNBC

European markets close higher on positive results from coronavirus vaccine; Ubi Banca up 14% – CNBC

European stocks closed higher on Monday as investors reacted to positive results from another coronavirus vaccine candidate.

The pan-European Stoxx 600 recovered earlier losses to provisionally close over 0.7%. Construction and materials firms led the gains with a 1.4% gain, with most sectors and major stock markets in positive territory.

A potential coronavirus vaccine developed by the…

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