Stock markets soared on Monday after an upbeat Covid-19 vaccine from US company Moderna showed some patients developed antibodies against the virus.
The US pharmaceutical giant said eight volunteers who had been given two doses of the Moderna vaccine developed an immunity similar to those who had recovered from the bug.
The company said the vaccine was “generally safe and well tolerated”.
Although the trial is very preliminary, signs that a vaccine may work boosted stocks markets.
Moderna shares rose 22% on the update.
Stocks rallied in response, with airlines, hotels and cruise operators all rising sharply,
More to follow...
