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Global Stocks Rise On More Good News On Vaccines

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A currency trader walks by a screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Monday, Nov. 23, 2020. Asian stocks rose Monday as investors looked ahead to quarterly U.S. economic data and updates on anti-coronavirus curbs on business amid wrangling over the American presidential election. (AP Photo/Lee Jin-man)

(AP) — World stocks and Wall Street futures are up after more good news on potential vaccines but unease about anti-coronavirus restrictions on businesses. AstraZeneca said Monday that late-stage trials showed its coronavirus vaccine was up to 90% effective. The company is the third major drug maker to report late-stage results for a potential COVID-19 vaccine. That helped ease some investor concerns about decisions to reimpose anti-virus controls in the United States, Europe and some Asian countries. A new survey shows that those restrictions caused economic activity to drop in Europe in November, though the outlook has been brightened by the vaccine news.

 

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