Business
ASX set to open higher as European markets take centre stage – Sydney Morning Herald
European shares rose for the first time in three sessions as investors focused on economic green shoots and COVID-19 vaccine developments.
Sanofi rose 2.4 per cent after it said a coronavirus vaccine it is developing with Britain’s GlaxoSmithKline was likely to be priced at less than 10 euros.
The STOXX 600 index was 1.7 per cent higher, with Frankfurt shares rising 2 per cent.
Autos led sectoral gains in Europe after analysts at JP Morgan said the overall tone for production outlook in the European autos sector was “upbeat”, following their meetings with industry leaders.
Insurers and financial services sub-indexes climbed in e…
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