Global stocks rally on US Covid treatment approval

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Shares rise in Europe and Asia after Trump allows use of convalescent plasma

Financial markets around the world have rallied strongly after the US government approved a new coronavirus treatment using the plasma of recovered patients, and as hopes rise for the development of a vaccine.

Against a backdrop of rising optimism that medical advances could help to sustain a stronger economic recovery from the pandemic, stocks in Europe climbed higher on Monday after gains in Asia overnight.

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