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Travel, commodity stocks lift British shares on vaccine optimism
Published at 23/11/2020 at 08:43

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.3%, FTSE 250 adds 0.7%

Nov 23 (Reuters) - London stocks rose on Monday, extending their three-week rally, as travel and commodity stocks jumped after positive vaccine data from AstraZeneca, with hopes of a post Brexit-trade deal with European Union, also lifting the mood.

The blue-chip FTSE 100 index gained 0.3%, after drugmaker AstraZeneca Plc said its vaccine for the novel coronavirus, developed along with the University of Oxford, could be around 90% effective without any serious side effects.

Energy , mining and aero

were among the biggest gainers on the index.

The domestically focused mid-cap FTSE 250 added 0.7% with travel and leisure stocks providing the biggest boost.

UK markets have already jumped more than 14% this month, after Pfizer-BioNTech and Moderna's vaccines' showed similar responses in preventing COVID-19 based on interim data from a late-stage trial, raising hopes of a sooner-than expected recovery from the pandemic-driven recession.

Adding to the mood, British health minister said UK aims to rollout a COVID-19 vaccine before Christmas, with life getting back to normal after Easter.

(Reporting by Devik Jain in Bengaluru; Editing by Saumyadeb Chakrabarty)

((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2062; ;))

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