(RTTNews) – French actions rose sharply on Monday, as hopes of a coronavirus remedy countered fears of a resurgence of virus cases across the continent.
Investor sentiment was reinforced after U. S. regulators legalized the use of blood plasma from recovered patients as a remedy option for Covid-19.
U. S. FDA emergency approval came on the eve of the Republican National Convention, where Donald Trump will be nominated to lead his party for four years.
Investors also applauded a report from the Financial Times that said Trump’s leadership is contemplating circumventing general US regulatory criteria to accelerate the rollout of an experimental coronavirus vaccine in the UK for use in the US. Before the next presidential elections in the country.
Insurer Axa SA gained 1. 5%. The company announced an agreement with the Indian company Bharti Enterprises to merge its non-life insurance activities in India, Bharti AXA General Insurance Company Limited or Bharti AXA GI, into ICICI Lombard General Insurance Co. Ltd.
Shares of Air France KLM fell 0. 6% after the UK government said that travelers traveling to France must certify that they are suffering from coronavirus symptoms or that they have been in contact with a displayed case within 14 days. of your trip.