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European banks, airlines surge after COVID-19 vaccine news

Shares in European banks and in the travel and leisure industries surged about 10 per cent on Monday after Pfizer announced that its experimental COVID-19 vaccine was more than 90 per cent effective, which prompted a major rally across the continent's bourses.

Europe's banking index made its biggest jump since the European sovereign debt crisis in 2011 and gained 10.9 per cent.

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