European markets closed higher on Thursday as investors looked ahead to an announcement from U.S. President-elect Joe Biden about additional fiscal stimulus, and reacted positively to encouraging updates on the coronavirus vaccine front.
According to reports Johnson & Johnson’s one-shot Covid vaccine is safe and appears to generate an immune response in both young and elderly volunteers.
On the stimulus front, a report from CNN citing two people briefed on the deliberations said the price tag for the U.S. relief package is expected to be in the ballpark of $2 trillion.
