Stocks and oil ride high on Biden transition and vaccine hopes

 Investing.com

Nov 24, 2020

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By Lawrence White and Julie Zhu

LONDON/HONG KONG (Reuters) - Stocks, oil and risk currencies gained on Tuesday as the formal go-ahead for U.S. President-elect Joe Biden to begin his transition burnished a November already boosted by COVID-19 vaccines.

European markets tracked gains in Asian and U.S. equities, with the broad-based STOXX 600 index opening 0.8% higher and Brent crude climbing to its highest level since March at $46.38 a barrel. Safe haven assets such as gold fell.

In full: https://m.investing.com/news/economy/stocks-shoot-up-as-vaccine-progress-biden-transition-boost-confidence-2354568