On Monday, the FTSE 100 closed at its highest level since June and US markets reached new closing highs. Global markets were higher on further coronavirus vaccine optimism. US biotech firm Moderna announced that its experimental vaccine is more than 94% effective in preventing COVID-19. Following the Pfizer/BioNTech announcement last week this is another indication that an effective coronavirus vaccine may be available soon. Signs of progress in Brexit negotiations, and strong economic data from China and Japan also helped sentiment.
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