Global stock markets extended gains on Tuesday (Nov. 10) as investors bet Pfizer’s coronavirus vaccine will help the broader economy recover and revive cyclical and other hard-hit sectors. Results from Pfizer/BioNTech showed its coronavirus vaccine is 90% effective in preventing infection among people without evidence of prior disease. Investors were already bullish on stocks after Joe Biden was declared the winner of the United States (US) presidential election.¬†

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