Pfizer and BioNTech said they had seen hopeful signs in a trial of a vaccine they hope can inoculate against Covid-19 (Simon Dawson/PA)The vaccine hopes that helped save global markets from a drop on Wednesday again gave London’s top shares a boost on Thursday. Although it is early days, Pfizer and BioNTech said they had seen hopeful signs in a trial of a vaccine they hope can inoculate against Covid-19. And the good news merely continued, as the US economy added a record 4.8 million new jobs in June. However, the US jobs market is far from out of the woods as the new jobs added in July are still only a small part of the more than 40 million that were lost during the worst days of the pandemic. The jobs data spurred on the buying of stocks as the recovery is on traders’ minds,” Mr Madden said.

Source: Irish Independent July 02, 2020 17:03 UTC