LONDON, Nov 9 (Reuters) - Shares in European banks and in
the travel and leisure industries surged about 10% on Monday
after Pfizer announced that its experimental COVID-19
vaccine was more than 90% effective, which prompted a major
rally across the continent's bourses.
Europe's banking index made its biggest jump since
the European sovereign debt crisis in 2011 and gained 10.9%.
European airlines, hard hit by the social restructions
induced by the pandemic, made high double-digit gains, such as
BA owner IAG, rising close to 40%.
Earlier, Britain's transport minister Grant Shapps told an
online airport industry conference that Britain was making "good
progress" with a plan to allow COVID-19 tests to shorten a
14-day quarantine period for those returning from abroad, a
change that could help fuel a recover in travel.
The pan-European STOXX 600 index, which was already rising
after Joe Biden's victory in the U.S. presidential election,
jumped 4.5%.
(Reporting by Julien Ponthus, editing by Huw Jones)