Global stock markets mostly gained on Tuesday (Nov. 24) as traders cheered progress in developing an inexpensive COVID-19 vaccine after AstraZeneca said its vaccine was up to 90% effective, cheaper, and easier to ship than rival vaccines. Stocks also got a boost after the United States (US) President-Elect Joe Biden received approval to begin a transition to the White House. The news that Biden would tap former Fed Chair Janet Yellen as treasury secretary also helped the sentiment.

To subscribe please click here