The financial markets in the world recorded a big rise Monday with the announcement of the success of experiments on a vaccine against COVID-19 and the victory of Joe Biden in the US presidency, which boosted confidence and led to record profits on Wall Street in New York.

And the stock exchanges that made big gains after Joe Biden's landslide victory, rose even more after the companies Pfizer and Biontech announced that the vaccine against COVID-19 that they are developing is "90 percent effective," after the initial analysis. The results of the third phase of clinical trials currently underway, the last before submitting an application for licensing.

"The news of a vaccine against Covid-19 from Pfizer was like a dose of adrenaline to the markets, triggering one of the largest single-day moves in global stocks in a long time," said AJ Bell, Director of Investments, Ras Mold.

He added, "A successful vaccine is more important than winning the US presidential election, Joe Biden, because it will pave the way for the resumption of economic growth worldwide."

In New York, the value of shares rose dramatically before the opening, with the price of shares of "Pfizer" increasing by 15 percent after analysts praised the news of the vaccine as a major advance after months of the increasing number of infections and deaths, especially in the United States and Europe.

Shortly after the opening, the Dow Jones rose six percent percent to over 30,000 points, surpassing the February 12 record of 29,551.42 points.

Gains of four and five percent were achieved in all sectors, but some of the industries hardest hit by the pandemic, including airlines and hospitality, were larger.

Shares of British Airways, IEG, rose more than 25 percent, while Air France-KLM and Lufthansa groups made similar leaps.

In contrast, shares of some companies that benefited greatly from the supply of goods and services requested by quarantined citizens around the world, such as Amazon, whose shares lost about five percent of their value, declined.

-Mixture-"The stock markets rose due to some positive news from Pfizer and Biontech," said Neil Wilson, chief market analyst at Markets.com, in addition to Joe Biden's victory in the US election.

Oil prices also rose dramatically. The price of a barrel of Brent for delivery in January increased by 7.58 percent compared to its price at closing Friday, recording $42.44. In New York, the price of a barrel of West Texas Intermediate crude for delivery in December increased by 8.78 percent, to $40.40.

Stocks began to rise on Monday when Biden's victory in the election was deemed to mean less uncertainty and provide hope that the United States will finally agree to a plan to revive the struggling economy.

While the Democrat received enough votes to win, his Republican rival, Donald Trump, refused to accept defeat as legal challenges emerged and the possibility of a recount.

Oanda analyst Craig Erlam explained that markets view Trump's actions as "achieving nothing more than the inevitable delay."

In Asia, the main stock market index closed up more than 2 percent, reaching its highest level in 29 years, before the big announcement by Pfizer.

London - FTSE 100: up 5.5 percent, at 6,235.56 points

Frankfurt-Dax 30: increase of 6.3 percent to 13,264.15 points

Paris - CAC 40: up 6.6 percent, to 5,367.56 points

Euro Stoxx 50: up 7.1 percent, to 3,431.02 points

West Texas Intermediate: 10.2 percent, at $ 40.94 a barrel

Brent - North Sea crude: a rise of 9.0 percent, to $ 43.01 a barrel

Euro / Dollar: The euro rose to 1,1893 dollars from 1,1872 dollars at 22.15 GMT

USD / JPY: The dollar rose to 105.03 yen from 103.33 yen

British Pound / Dollar: The British pound rose to 1,3182 dollars from 1,3156 dollars

Tokyo - Nikkei 225: Up 2.1 percent, to 24,839.84 points

Hong Kong - Hang Seng: Up 1.2 percent, to 26016.17

Shanghai - Composite: Up 1.9 percent to 3,373.73 points

Poor's / h / b s

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