Last checked at 
* STOXX 600 set for best day in nearly six months
* Travel and leisure stocks among best performers
* Trade-reliant miners, auto stocks jump
* Brexit trade negotiations in focus
(Adds details, updates prices)
By Sagarika Jaisinghani and Ambar Warrick
Nov 9 (Reuters) - European shares jumped to an eight month
high on Monday after drugmakers Pfizer and BioNTech flagged
strong progress in their COVID-19 vaccine, while Joe Biden's
presidential victory raised hopes of a more stable U.S. trade
policy.
Pfizer Inc and BioNTech SE said the
experimental vaccine was more than 90% effective in preventing
COVID-19 based on initial data from a large study.
The pan-European STOXX 600 surged more than 4% and
was set for its best day in about six months. Travel and leisure
stocks, which have been the hardest hit by the pandemic,
were among the best performing sectors, adding more than 10% to
hit an eight-month high.
BioNTech's shares jumped more than 27%, while Germany's
main stock index added about 6.5%. The index was also
boosted by positive trade data for September.
"The news on Pfizer's vaccine has brought down the
uncertainty on the vaccine front and has helped markets regain
their lost confidence which is even more important now with a
second virus wave spreading across Europe," said Andrea Cicione,
head of strategy at TS Lombard in London.
A resurgence in virus cases had hit markets hard last month,
with the STOXX 600 losing more than 5% after the UK, Ireland and
France all announced new nation-wide lockdowns.
But optimism over a win on Saturday by Democratic candidate
Joe Biden in the U.S. election saw European stocks swiftly
bouncing back, with the STOXX 600 trading about 11% higher in
November so far.
"With Biden in the White House, relations with key trade
partners are likely to improve," said Milan Cutkovic, a market
analyst with Axi.
"Stimulus talks are also likely to resume soon in the United
States, and the European Central Bank could announce new
measures as early as December."
Investor attention has also been on Brexit trade talks, with
Britain saying it was open to a "sensible" compromise on fishing
and that there was goodwill on both sides to progress towards a
trade deal.
The export-heavy FTSE 100 jumped 4.8%, while the
British mid-cap index added 4.9%.
In company news, German chipmaker Infineon gained
2.5% as it forecast a nearly 23% jump in revenue in the year
ahead.
British homebuilder Taylor Wimpey surged nearly
18%after saying it was set to deliver annual results towards the
upper end of expectations as the housing market recovered
quicker than expected from a coronavirus-led slump.
(Reporting by Sagarika Jaisinghani and Shashank Nayar in
Bengaluru; Editing by Subhranshu Sahu and Chizu Nomiyama)
