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European Markets: European shares and Dow futures leap on vaccine information, hopes of restoration

A woman uses a smartphone in front of an ATM of the Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) in Madrid on September 4, 2020.

AFP via Getty Images

European stocks rose on Monday, helped by data showing the effectiveness of another vaccine and signs that the economic recovery in Asia is accelerating.

5% more last week, according to early data from US drug company Pfizer
PFE,
+ 2.85%
and the German partner BioNTech
BNTX,
+ 4.30%
The coronavirus vaccine showed that it was 90% effective, the Stoxx Europe 600
SXXP,
+ 1.37%
rose 1.4% after Moderna said its coronavirus vaccine candidate was more than 94% effective.

Futures on the Dow Jones Industrial Average
YM00,
+ 1.70%
rose 513 points.

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