Business daily

Global market rally over Covid-19 vaccine hopes enters second day

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

Global stock markets continued to rally in Asia and early European trading, on news that a vaccine being developed by Pfizer and BioNTech against coronavirus had shown a high level of effectiveness in late-stage trials. Airlines and other travel companies saw gains, while technology shares continued to suffer losses. Also, the unemployment rate in France between July and September has jumped to 9 percent, as the effects of the pandemic on the economy continue to be felt. The country's national statistics office expects more than 800,000 jobs to be lost in 2020.