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Global stocks rally on US Covid treatment approval

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Shares rise in Europe and Asia after Trump allows use of convalescent plasma

Financial markets around the world have rallied strongly after the US government approved a coronavirus treatment using the plasma of recovered patients, and as hopes rise for the development of a vaccine.

Against a backdrop of rising optimism that medical advances could help to sustain a stronger economic recovery from the pandemic, stocks in Europe climbed higher on Monday after gains in Asia overnight.

Continue reading…Shares rise in Europe and Asia after Trump allows use of convalescent plasmaCoronavirus – latest updatesSee all our coronavirus coverageFinancial markets around the world have rallied strongly after the US government approved a coronavirus treatment using the plasma of recovered patients, and as hopes rise for the development of a vaccine.Against a backdrop of rising optimism that medical advances could help to sustain a stronger economic recovery from the pandemic, stocks in Europe climbed higher on Monday after gains in Asia overnight. Continue reading…