Pfizer and BioNTech’s Covid-19 vaccine announcement lifts airline shares

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Pfizer and BioNTech’s Covid-19 vaccine announcement lifts airline shares
CREDIT: Twitter

THE announcement that Pfizer and BioNTech’s experimental Covid-19 vaccine was more than 90% effective lifts European banks and airline shares.

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The news that Pfizer and BioNTech’s Covid-19 vaccine is over 90% effective has brought ‘incredible relief’ to the financial markets with shares in European banks and in the travel and leisure industries surging about 10% on Monday, November 9.

Europe’s banking index made its biggest jump since the European sovereign debt crisis in 2011 and gained a whopping 10.9%, with European airlines, who have been hit incredibly hard by the restrictions imposed due to the pandemic, making high double-digit gains, such as BA owner IAG, which rose close to 40%.





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