FTSE 100 set for best month ever on vaccine, recovery hopes

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London's FTSE 100 rose on Monday and was on course for its biggest monthly gain ever as investors bet on a working COVID-19 vaccine to speed up an economic recovery next year.

- London’s FTSE 100 rose on Monday and was on course for its biggest monthly gain ever as investors bet on a working COVID-19 vaccine to speed up an economic recovery next year.

LLoyds Banking Group gained 1.5% after appointing Charlie Nunn, currently head of wealth and personal banking at HSBC, as its next chief executive officer. Britain and the European Union are heading into a “very significant” week, British foreign minister Dominic Raab said on Sunday, as talks over the trade deal enter their final days with serious differences yet to be resolved.The exporter-laden FTSE 100 has rebounded 30% from a coronavirus-driven crash in March, but until this month, had lagged its U.S. and European peers on fears about the extent of the economic damage from pandemic-related lockdowns.

 

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