Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  FTSE 100 Index    F100   GB0001383545


SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

FTSE 100 soars to near three-month high on vaccine optimism

11/09/2020 | 12:26pm EST
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

(Reuters) - London's FTSE 100 jumped to a near three-month high on Monday as signs of progress in developing a COVID-19 vaccine bolstered hopes of a swift economic recovery, with investors also cheering Democrat Joe Biden's U.S. election victory.

The blue-chip FTSE 100 index closed up 4.7%, logging its best day since March 24, while the domestically focused mid-cap FTSE 250 soared 5.2% to a more than eight-month high.

Travel <.FTNMX5750> and oil <.FTNMX0530> stocks surged 12.3% and 13.2%, respectively, after U.S. drugmaker Pfizer and German partner BioNTech said their experimental COVID-19 vaccine was more than 90% effective based on initial trial results.

"Today's news is basically just 100% good news and there's not much room for subjectivity or debate, or all glass half empty kind of analysis," said Stefan Koopman, senior market economist at Rabobank.

"The markets are betting that life will return to normal sooner rather than later as there are new pathways out of this crisis, and the market is exuberant to hear this."

UK markets started November on a stronger footing as the British government and the Bank of England ramped up stimulus measures to support an economy facing a second nationwide coronavirus-induced lockdown.

Brexit news was also in focus, with the European Union saying it was redoubling its efforts to reach a trade deal with Britain this week.

Banks <.FTNMX8350>, which are considered a barometer for economic growth, added 12.2%.

Homebuilder Taylor Wimpey Plc surged 18.6% after it forecast annual results above market expectations, while real estate agent Countrywide Plc advanced 41.4% following an early-stage buyout approach from property firm Connells Ltd.

Shares of aero-engine maker Rolls-Royce ended nearly 44% higher, having earlier gained as much as 97%, while stay-at-home winners such as Reckitt Benckiser, Just Eat Takeaway.com and Ocado Group Plc tumbled between 5.8% and 11.5%.

(Reporting by Devik Jain in Bengaluru; Editing by Rashmi Aich, Aditya Soni)

By Devik Jain

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BIONTECH SE -4.02% 101.59 Delayed Quote.24.62%
COUNTRYWIDE PLC 0.15% 391.8 Delayed Quote.0.15%
EURO / BRITISH POUND (EUR/GBP) -0.02% 0.8888 Delayed Quote.-0.52%
LONDON BRENT OIL -0.35% 54.71 Delayed Quote.9.17%
MSCI UNITED KINGDOM (STRD, UHD) -0.25% 1066.915 Real-time Quote.3.74%
OCADO GROUP PLC 2.55% 2577 Delayed Quote.9.88%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
RECKITT BENCKISER GROUP PLC -0.99% 6212 Delayed Quote.-4.10%
ROLLS-ROYCE HOLDINGS PLC -1.56% 104.25 Delayed Quote.-4.81%
TAYLOR WIMPEY PLC -0.09% 163.45 Delayed Quote.-1.33%
WTI -0.15% 52.067 Delayed Quote.11.60%
All news about FTSE 100 INDEX
12:14pFTSE : Energy, travel stocks drag FTSE 100 down
01/15LONDON STOCK EXCHANGE : FTSE 100 logs worst week since October-end on lockdown w..
01/12LONDON STOCK EXCHANGE : London's FTSE 100 drops on coronavirus cases, stronger p..
01/11LONDON STOCK EXCHANGE : FTSE 100 falls on COVID-19 risks; Signature Aviation sur..
01/05FTSE : UK stocks gain on fresh stimulus; energy stocks lift FTSE 100
01/04LONDON STOCK EXCHANGE : FTSE Russell cuts three more China firms from indexes af..
2020LONDON STOCK EXCHANGE : FTSE 100 wraps up worst year since 2008 financial crisis
2020FTSE : Russell to remove SMIC and Hikvision from China indexes
2020LONDON STOCK EXCHANGE : British mid-caps end lower as Brexit talks stall; oil pu..
2020LONDON STOCK EXCHANGE : FTSE 100 flat as Brexit worries weigh on pound; Broader ..
More news
News of the index components FTSE 100 INDEX
04:31pRIO TINTO : releases fourth quarter production results
03:58pMexico aims to make up for Pfizer vaccine shortfall with others
02:57pUNITED UTILITIES : Southport homes get set for anti-flood scheme
02:57pUNITED UTILITIES : Water retailers, companies and customers to benefit from new ..
02:44pASTRAZENECA : Pakistan approves Chinese Sinopharm COVID-19 vaccine for emergency..
02:30pRECKITT BENCKISER GROUP PLC : Goldman Sachs remains Neutral
01:52pWM MORRISON SUPERMARKETS : Morrisons takes healthy eating to the next level with..
More news
Chart FTSE 100 INDEX
Duration : Period :
FTSE 100 Index Technical Analysis Chart | MarketScreener
Full-screen chart
Top / Flop FTSE 100 INDEX
OCADO GROUP PLC 2577 Delayed Quote.2.55%
BARCLAYS PLC 151.32 Delayed Quote.1.69%
NATWEST GROUP PLC 160.75 Delayed Quote.1.39%
BURBERRY GROUP PLC 1738.5 Delayed Quote.1.31%
JD SPORTS FASHION PLC 839.8 Delayed Quote.1.21%
ROLLS-ROYCE HOLDINGS PLC 104.25 Delayed Quote.-1.56%
M&G PLC 193.2 Delayed Quote.-1.58%
PEARSON PLC 666.6 Delayed Quote.-1.68%
HIKMA PHARMACEUTICALS PLC 2495 Delayed Quote.-1.77%
FERGUSON PLC 9088 Delayed Quote.-1.92%
Heatmap :