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European Stocks Close Higher On Stimulus Hopes, Vaccine Updates

January 14, 2021

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.

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