Stocks sink as Covid vaccine excitement fades – business live

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Rolling coverage of the latest business and markets news, as rising Covid cases overshadowed enthusiasm for a vaccine

7.45am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Excitement over a Covid-19 vaccine is fading fast, with investors betting that things are likely is likely to get worse before they get better.

With the worst of the cold weather yet to arrive and the pace of new infections only expected to increase as we head towards year end, it is slowly becoming apparent that the arrival of a vaccine can’t come soon enough.

It is also quite apparent that even if one was to arrive in the near future it wouldn’t be able to change the situation on the ground as it is now, which means things are only likely to get worse before they get better.

European Opening Calls:#FTSE 6298 -0.64%#DAX 13042 -0.09%#CAC 5348 -0.28%#AEX 598 -0.41%#MIB 20725 -0.45%#IBEX 7694 -0.41%#OMX 1891 -0.07%#STOXX 3422 -0.18%#IGOpeningCall

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