FTSE on course for best month on record after Covid vaccine hopes

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Global markets have soared since pharmaceutical firms reported promising trial results

The FTSE 100 is on course for its best month on record, boosted by growing optimism that an early coronavirus vaccine can trigger a faster than expected economic recovery from the Covid-19 recession.

The index of leading UK company shares has risen in value by more than £210bn, or 14.5%, in November and was on track on Monday to beat the previous monthly record rise of 14.4%, set in January 1989.

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