The FTSE 100 recovered from a 1.4% drop to finish the day down just 11.78 point, or 0.2%, to 6,157.96. It came as news of a potential new breakthrough in the fight against coronavirus filtered through to global markets, reversing a Europe-wide sell-off. A clinical study run by pharmaceuticals giant Pfizer and German company BioNTech showed positive results for a potential vaccine to help fight the disease. The earlier downturn had been sparked by fears over the new cases caused by an opening of the economy. “The tick up in tensions in Hong Kong also contributed to the negative move,” said CMC Markets analyst David Madden.

Source: Irish Independent July 01, 2020 17:03 UTC